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Politics : Formerly About Advanced Micro Devices
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longz
To: Land Shark who wrote (1521260)2/10/2025 11:57:29 AM
From: Bill2 Recommendations  Read Replies (1) of 1570330
 
WASH POST:
“NIH cuts billions of dollars in biomedical funding, effective immediately.”

That sounds terrible until you realize the cuts amount to 10% of the $35 billion giveaway as the agency as administrative costs are reduced to just 15% of the grants. Charities are limited to spending 15% on overhead.

The average for NIH grants comes in at 25.7%, or $9 billion out of $35 billion.

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