looking down, coldly

Looking down - onto Lake Michigan; onto Manhattan.  Hello NYC!  But what a welcome - I opened my email on landing to find that ... USC has "temporarily" suspended graduate admissions, while it "evaluates" the impact of the NIH indirect costs reduction, should that go ahead (right now, being held up by a judge ... but for how long).  How much will that cost USC?  According to the Chronicle of Higher Education, around 65 million dollars a year.  For a university currently running a deficit, that's a lot of cash.