Table of Contents

In This Issue

The Inaugural Address
by Thomas E. Everhart
Caltech's new president pays his respects to the past and states his priorities for the future.

Life on Mauna Kea: the Fascination of What's Difficult
The Caltech Submillimeter Observatory lures hardy astronomers into thin air.

Polymer's Progress
Making plastics with futuristic properties requires a new generation of synthetic techniques.

Technology, Capital Formation, and the Twin Deficits
by Ralph Landau
U.S. competitiveness hinges on the interrelation between technological innovation and investment.

Departments

Lab Notes
A Handle on AIDS
Ozone: The Hole Story

SURFboard
Moonlighting

Random Walk