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Indeed, in 1945, presidential science adviser Vannevar Bush wrote in "Science, The Endless Frontier"—the report that outlined the organizational structure that still governs federally supported academic research that the first of five "fundamental" principles must be "stability of funds over a period of years," a goal that Congress has never met.
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"The stability of funding gives you that bottom row of the deck on which you're able to balance everything else.
The enthusiasm and attitudes of these professionals may be eroded by threats to the stability of funding, re-organisations, policy changes, burn-out, resignations, fewer staff etc.
This editorial is being written at a time (November 2013) when United States governmental funding for biomedical research continues to diminish relative to inflation, and the stability of funding is uncertain given the mixed messages from the Congress.
Thus, an organization established separately from a health ministry may in reality have limited autonomy if senior staff are political appointees or if they have little stability of funding.
The reimbursement was governed by complex procedures designed to protect the financial stability of the funds.
Even for long-term investors, a number of factors should be scrutinized carefully, including the stability of a fund's management and a fund family's overall record, as well as a fund's performance in comparison to that of its peers.
Vicky Featherstone, artistic director of the National Theatre of Scotland, said that for her own organisation to thrive, it was essential that smaller-scale theatre companies had the stability of regular funding.
In a nutshell, the higher Sharpe ratio delivers more stability of the fund performance and, as a result, enables managers to secure more capital.
MONEY FUNDS COULD FACE MORE CHANGES Diana B. Henriques reports that regulators and mutual fund executives differ on the stability of money market funds since the financial crisis.
There are implications for the stability of money market funds, too.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com