The shaky future of the University of Texas Medical Branch in Galveston:
After sustaining a direct hit by Hurricane Ike, UTMB has been slow to recover and its future is in jeopardy. UTMB suffered over $700 million in damages from Ike with only $100 million covered by insurance, and given their $50 million per month payroll and impaired ability to generate income, this week university officials were warning of massive layoffs of up to 4,000 employees.
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