Harvard reducing PhD admissions (across the board)...

...due to negative returns on its endowment in the last year.   Most large university endowments declined last year, though Harvard's decline was on the higher end (over 5%), compared to a loss of about 2,5% for Princeton and a gain of almost 1% for Stanford's.  At the further extremes, Penn's endowment increased nearly 6% last year, while Chicago's (sad to say) declined more than 7%!