Santa Fe Institute hits hard times

The linkurl:Santa Fe Institute;http://www.santafe.edu/ (SFI), a 24-year-old collaborative research center in New Mexico, is tightening its belt in anticipation of continued market instability and a curtailment in donations to support its work. Physicist and SFI director linkurl:Geoffrey West;http://www.the-scientist.com/article/display/52865/ told __The Scientist__ that, while the budget of the institute is in no immediate danger of evaporating, administrators there thought it prudent to freeze

Bob Grant
Bob Grant

Bob Grant is Editor in Chief of The Scientist, where he started in 2007 as a Staff Writer.

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Oct 30, 2008
The linkurl:Santa Fe Institute;http://www.santafe.edu/ (SFI), a 24-year-old collaborative research center in New Mexico, is tightening its belt in anticipation of continued market instability and a curtailment in donations to support its work. Physicist and SFI director linkurl:Geoffrey West;http://www.the-scientist.com/article/display/52865/ told __The Scientist__ that, while the budget of the institute is in no immediate danger of evaporating, administrators there thought it prudent to freeze all linkurl:staff;http://www.the-scientist.com/article/display/54988/ salaries, suspend planned renovations to a central conference room, and renegotiate the fees paid to visiting scientists, workshop attendees, and speakers. "We decided we should do a preemptive strike and brace ourselves for potentially bad news," linkurl:West;http://www.the-scientist.com/news/display/53846/ said. "This situation with the bottom falling out of the market really might have a potentially big impact on us." The non-profit linkurl:Santa Fe Institute;http://www.the-scientist.com/article/display/12263/ is particularly vulnerable to a sagging economy, West explained, because about two thirds of its funding comes from private sources - individual donors, corporate...

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