That alone doesn't explain a 10% drop when other schools are experiencing huge increases. Anyone want to explain how BU more than doubled their grant money this year? That one boggled my mind - they knocked my alma mater out, and nearly knocked off Stanford and UMich as well.
Genome money going could have explained a slight drop - but Baylor is still #2 in Genetics money (behind WashU), with a significant lead over #3 Stanford.
http://grants1.nih.gov/grants/award/rank/genetics03.htm
Now, it is true, there is a $21 million dropoff from last year, when Baylor was a sizable #1:
http://grants1.nih.gov/grants/award/rank/genetics02.htm
But my question is - why aren't their other research ventures growing to make up for the loss of that money? Even if the genome project had continued this year, their money would have been stagnant, and my question there is why, when most schools had pretty sharp increases (we'll ignore Duke's jump - UCSF, WashU, UCLA, Yale, every other school in the top 12 went up strongly). They've had the highest rate of growth for the last 5 years (I read this in the Baylor2000 report, I believe). How do you go from that to 0% growth (and really negative)? Is an Internet stock analogy in order, where, after years and years of hypergrowth (in revenues and profits, not just stock prices), they had to settle down for a while and "digest" that growth?
I'm probably making a mountain out of a molehill here - but stuff like this makes you go wonder. That and I'm bored and counting down the days until my trip.