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NATIONAL SCIENCE FOUNDATION: An independent agency of the U.S. Government whose main goals are: (1) to promote the progress of science, (2) to advance the national health, prosperity, and welfare, and (3) to secure the national defense. The National Science Foundation (NSF) funds research and education in science and engineering through grants, contracts, and cooperative agreements in all parts of the United States. The governing board of the NSF is the National Science Board, which is composed of 24 part-time members, appointed by the President and confirmed by the Senate. The NSF was established by the National Science Foundation Act signed by President Harry S. Truman in 1950.

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RECOVERY

The early phase of a business-cycle expansion that occurs shortly after a contraction has ended. During a recovery, the unemployment rate remains relatively high, but is beginning to fall, and real gross domestic product begins to increase, usually rapidly. However, because the contraction remains fresh in the minds of many, it may not be immediately clear that the trough of the contraction has actually ended.

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APLS

PURPLE SMARPHIN
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Today, you are likely to spend a great deal of time wandering around the downtown area hoping to buy either a Boston Red Sox baseball cap or a square lamp shade with frills along the bottom. Be on the lookout for gnomes hiding in cypress trees.
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Approximately three-fourths of the U.S. paper currency in circular contains traces of cocaine.
"In the long run men hit only what they aim at. "

-- Henry David Thoreau, philosopher

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