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Extraction Summary

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People
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Organizations
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Locations
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Events
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Relationships
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Quotes

Document Information

Type: Email chain / internal memo
File Size: 1.74 MB
Summary

Joichi Ito forwards an email to Jeffrey Epstein containing a formal memo from MIT administrators Martin Schmidt and Maria Zuber. The memo warns the MIT research community about the financial dangers of a Trump Administration proposal to cap indirect cost reimbursements for federal research grants at 10%, potentially costing the university $100 million annually.

Timeline (2 events)

Financial crisis of 2008
Trump Administration Proposal on Indirect Costs

Relationships (3)

to
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Key Quotes (3)

"We're referring to the Trump Administration's proposal to put a 10 percent cap on indirect cost reimbursements to universities by the National Institutes of Health"
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Quote #1
"A 10 percent cap on all federal agencies would cost MIT around $100 million a year."
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Quote #2
"The indirect cost cap is easier to implement than a cut to the budget because the Administration can act unilaterally without Congressional approval."
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Quote #3

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