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NBC 7 Boston (WHDH): MIT announces spending cut for next year

Cambridge : United Kingdom | about 1 month ago
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The Massachusetts Institute of Technology says it will cut next year's budget by 5 percent, about $50 million, because of the declining global economy. MIT President Susan Hochfield and Provost Rafael Reif said in a letter to the university community Tuesday they also plan to cut spending by 10 to 15...

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