This has been all over, but the Times reports on Yale’s endowment losses and budget cuts:

Yale University announced on Wednesday that it planned a number of steps to close a remaining $150 million budget gap, including cutting staff, freezing salaries for deans and officers, reducing the number of graduate students — even turning down all thermostats to 68 degrees.

Some important points, both from a substantive and a PR perspective:

1) the number of graduate students will be cut 10 to 15%

2) thermostats will be turned down to 68% (as a child of the Carter years, I automatically think, “Wait—they were higher than that?”)

3) If you make more than 83k, you’ll have to pay part of your health care. (To which I think, “Wait—you didn’t before?”)

4) Administrators’ pay will be frozen, while faculty and staff will get 2% raises. (Not bad at the moment, actually.)

The comments on the Yale Daily News site generally reflect frustration that administrator pay wasn’t actually cut, and one commenter wonders if they’re still flying first class to Davos….