Palo Alto university keeps getting richer, while a leading Catholic diocese pays for its sins
Jonathan D. Levin, Stanford’s 13th president, delivers his speech during the inaugural presentation at the Frost Amphitheater in Stanford, Calif., on Friday, Sept. 27, 2024. The university’s endowment, which pays for most of its programs, grows to $37 billion, the third-largest in the nation behind Harvard’s and Yale’s, and up 8.6% a year on average over the past 10 years.
California governor signs bill in special session he called requiring oil companies to stockpile larger inventories at refineries to avoid gas price spikes. Two days later, Phillips 66 announces it will close its Los Angleles refinery.
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