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MIT Media Lab Tightens Its Belt

Forbes Magazine has this story about the MIT Media Laboratory's current "burn rate" problem. It seems that the Media Lab is feeling the same big draft at its posterior that dot-com companies felt last year after years of go-go growth and seemingly unlimited funding. The Media Lab is particularly sensitive to this downturn due to its heavy reliance on corporate sponsorship, as well as its fondness for unconventional, even eccentric, research. Items that will no longer receive funding according to a January 5th internal E-mail from the Lab's Executive Director Walter Bender: cellular telephones, first-class air travel, food at internal Lab meetings, and furniture. Other more serious cutbacks for the Lab include layoffs for 29 staff members and reduced funding for students, including salaries for "Undergraduate Research Opportunities" (UROP) positions. The Media Lab had previously paid such positions $8.75 and up in order to remain competitive with industry offers that even not-yet-graduated students were receiving.

7 of 212 comments (clear)

  1. First post by Anonymous Coward · · Score: -1, Offtopic

    dedicated to that 80's show

  2. fp by timanderson · · Score: -1, Offtopic

    first post

  3. MIT will survive by Anonymous Coward · · Score: -1, Offtopic

    MIT can survive whatever Bil Gates throws at it.

  4. Re:OH NO! by Anonymous Coward · · Score: -1, Offtopic


    Bonfire K has been vacant for 15 min
    Bonfire L has been vacant for 20 min
    Pecker L has been vacant for 28 min
    Pecker K has been vacant for 39 min
    Clam K has been vacant for 4 min
    Clam L has been vacant for 2 min
    BMF L has been vacant for 3 hr
    BMF K has been vacant for 15 min
    Loop K has been vacant for 6 min
    * Loop L has been occupied for 20 min


    Uhhhh, I *don't* want to know.

  5. lessee by sinserve · · Score: 1, Offtopic

    * beer for homiez ... $30
    * fake police car ... $275
    * knowing that will be your last penny ... priceless

  6. HTF? by Anonymous Coward · · Score: -1, Offtopic

    How the fuck is that overrated? who is modding
    me down?

    It is "Funny", F-u-n-n-y. Mod it as such.

  7. troll? by autopr0n · · Score: 0, Offtopic

    How the is this a troll?

    --
    autopr0n is like, down and stuff.