Stanford University boasts an impressive $37 billion endowment, which is essential for funding its various programs. This figure marks an 8.6% annual growth over the last decade, making it the third-largest endowment in the nation, following Harvard and Yale.
The Archdiocese of Los Angeles has reached a settlement agreement amounting to $880 million to compensate over 1,300 individuals who allege they were sexually abused by more than 300 priests. These abuse cases date back several decades and highlight ongoing issues within the church.
In a decisive move, California Governor Gavin Newsom signed a bill to require oil companies to increase their stockpiles at refineries. This legislation is a direct effort to mitigate gas price spikes, demonstrating proactive governance amidst rising fuel costs.
The announcement from Phillips 66 to close its Los Angeles refinery just two days after Governor Newsom's bill could contribute to further challenges in California's energy landscape and raises questions about the implications for local gas supplies.
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