Word: indirections
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...Mormons deserve much of the credit for Utah's economic vibrancy. Two- thirds of the population of 1.7 million belongs to the church, which has helped to shape the boom in both direct and indirect ways. In business terms, the church is an $8 billion-a-year conglomerate that employs about 10,000 people. Bankrolled in large measure by tithes from its members, the church has vast holdings in real estate, financial services, broadcasting, publishing and insurance. The church's strict morality (it forbids premarital sex, gambling and the use of tobacco, alcohol and drugs) reinforces the hardworking nature...
...that money is arbitrarily cut, it could be very damaging," Fields says. "At research-intensive places, the indirect costs have to be high...
While the government considers how to best alter the indirect cost regulations, Scott, Fields and R. John Collier, Presley professor of microbiology and molecular genetics, are concerned that the government has already changed the "ground rules" with respect to indirect costs--that the government is not maintaining "its side of the bargain...
...caught in a Catch-22," says Collier. "The government doesn't give you a strict definition of what's eligible [for indirect cost allocation]...then they come back and hit you in the stomach...
Under the microscope of the General Accounting Office, the University has admitted to making $500,00 of mistaken or questionable billings to the government for overhead on research at the Medical School. Now, the federal 'indirect cost' inquiry has engulfed nearly 300 schools...