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California universities feel the squeeze

from Bloomberg Businessweek

California's role as the incubator of talent that powers Silicon Valley and Hollywood owes much to a university system that has produced 56 Nobel Prize winners. Now, as Governor Jerry Brown tackles a crippling deficit, his plan to slash higher education spending by 16 percent is raising concerns that the state may be jeopardizing the future of its high-tech and entertainment industries — and by extension the country's growth. more

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