<p>Someone asked about the budget problems at Caltech earlier. I wish I had been more aware of that last year, so I think it may be helpful if someone more knowledgeable about the details than myself explained the situation. Ben probably knows way more about this than I do. I think the reason many people are suprised by the budget problems is that most of the millions of dollars that Caltech gets goes to research and things of that nature, not to making it a good institution of undergraduate education.</p>