$50,000 Journalism Fellowships

By Rick Pearcey

Applications for $50,000 journalism fellowships are now being accepted by the Phillips Foundation.

The fellowships are open to "working journalists with less than five years of professional experience in print journalism," according to a press release from the 2007 Phillips Foundation Journalism Fellowship Program.

The foundation awards full-time fellowships of $50,000 and part-time fellowships of $25,000 to "undertake and complete a one-year project of the applicant's choosing," focusing on journalism that supports "American culture and a free society."

The foundation calls for applications to be postmarked by March 1, 2007. Fellowship winners will be announced the following May at an awards dinner at the National Press Club in Washington, D.C.

Applicants must be U.S. citizens. The fellowships begin Sept. 1, 2007.

For more information and to see an application, visit the Phillips Foundation Journalism Fellowship Program website. The mission of the Phillips Foundation is to "advance constitutional principles, a democratic society, and a vibrant free-enterprise system."

John Farley of the Phillips Foundation can be contacted at 202-250-3887, x609 (email: jfarley@phillips.com).

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Rick Pearcey is editor & publisher of The Pearcey Report.

Mutual Funds Bedside Reading

By Rick Pearcey

From Toronto's Globe and Mail: "Everything you need to know about Jonathan Wellum is resting on his bedside reading table.

"There is a copy of HedgeHogging, Barton Biggs's behind-the-scenes account of the secretive hedge fund industry.

"Nearby is Nancy Pearcey's Total Truth, a book that seeks to help evangelical Christians cultivate a biblically informed view of the world.

"Needless to say, Mr. Wellum is a passionate student of both business and faith -- and he will need an ample dose of each in order to reverse a miserable slide at one of Canada's largest mutual fund companies."

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Rick Pearcey is editor and publisher of The Pearcey Report.