Scientist, Richard Leakey warns: Financial crisis will be 'devastating' to science
| October 11, 2008 |  View for printing |
Famed scientist Richard Leakey warned that the worldwide credit crisis will be "just devastating" to scientific research in coming years, as endowment interest income drops and companies cut donations.
Leakey, who once served on a government economic team in his native Kenya, said much of the support for science comes from wealthy philanthropists, foundations and companies. All those groups likely will be affected by lowered interest rates and the squeeze of credit not being available to fund their operations, he said.
By Jon Gambrell, Associated Press Writer
Full Story: http://www.usatoday.com/tech/science ... nance_N.htm 
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