Good story on the Howard Hughes Institute. I am an eternal Howard Hughes fan and 
this story goes though how the institute got started. Researchers are free to delve and go in to areas whereby otherwise red tape would make some of projects impossible to fund. If you missed 60 minutes this week, here’s the story, fascinating. To think the entire project evolved getting to get out of the clench hold of the Air Force, and when challenged by the IRS, research began. In an earlier post I talked about the recent influx of funds of 600 million in to the pool of endowments. BD
http://www.cbsnews.com/stories/2004/07/13/60minutes/main629388.shtml
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