The cost of prestige: Stanford slashes $140 million amid tax...

The cost of prestige: Stanford slashes $140 million amid tax assault and vanishing research funds

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Stanford University is set to cut $140 million from its budget, citing federal research funding losses and a looming endowment tax hike. As staff layoffs loom and scientific output stalls, the university—under Justice Department scrutiny—faces a deepening financial and ideological crisis. The move signals growing federal hostility toward elite academic institutions and the broader model they represent.

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