Friday, 13 November 1992 Washington, DC

1. THE COMMISSION ON THE FUTURE OF THE NSF MET FOR THE LAST TIME
on Saturday. The panel discarded a draft by the staff and spent the meeting outlining what they wanted the report to say. Any concern that the Commission might recommend an expanded role for NSF in technology transfer was put to rest; the panel agreed that if the term "technology transfer" appeared at all in the report, it must be in quotes. Problems with American competitiveness, the group agreed, have nothing to do with a failure of technology transfer--and the report should say so. As one commissioner put it, "The best technology transfer vehicle is the moving van that carries new PhDs to jobs in industry." The report will call for a two-pronged strategy in awarding research funds: (1) fund research with a high probability of contributing to the needs of society, and (2) fund the very best researchers regardless. The NSB will receive the Commission's report at its 20 Nov meeting.

2. NSF MUST SUBMIT ITS FY 93 OPERATING PLAN TO THE APPROPRIATIONS
Committees of the House and Senate by 15 Dec 92. The plan must detail how NSF proposes to implement the recommendations of the Commission--and the extent to which those recommendations address the issues raised by the Senate subcommittee (WN 7 Aug 92). The subcommittee called for the NSF "to take a more activist role in transferring the results of basic research from the academic community into the market place." But at its 7 Nov meeting, not only did the Commission decide to put "technology transfer" in quotes, it agreed that "market place" should be totally banished from the report. Moreover, although the NSB will receive the report of the Commission on 20 Nov, James Duderstadt, the Board chair, said there are no plans to discuss it before January.

3. 1993 WILL SEE THE RECESSION CONTINUING FOR U.S.INDUSTRIAL R&D,
according to the Annual R&D Trends Survey conducted by the Indus-trial Research Institute. Of the 141 companies responding to the survey, 76% expect their total research & development spending to remain unchanged or drop from 1992 levels. Only 10% expect to increase hiring of new graduates, while 40% expect a decrease. The number of companies planning to reduce the proportion of R&D resources allocated to "directed basic research" is even greater than the number planning to cut total R&D budgets. The trend away from basic research in industry was cited by APS President Ernest Henley in his letter to the NSF Commission (WN 16 Oct 92).

4. IS COLD FUSION PRACTICAL? IT IS IF YOU OWNED STOCK IN NTT
prior to the Third International Cold Fusion Conference in Nagoya on 21 Sept. Two scientists from Nippon Telephone and Telegraph held a press conference to announce that they had detected excess heat and helium in a reproducible cold fusion experiment. NTT stock rose 11% on the news. NTT is one of the biggest stock capitalization companies in the world. The paper profits after the cold fusion announcement were nearly $8 billion.



Bob Park can be reached via email at whatsnew@bobpark.org
THE UNIVERSITY OF MARYLAND
Opinions are the author's and are not necessarily shared by the University, but they should be.