Coronavirus hurts University of Sydney revenue by $200m, by Tim Dodd.
[It] has responded with immediate austerity measures to cut staff hiring, international travel, consultants and new capital spending.
Vice-chancellor Michael Spence … warned that the impact of coronavirus on the university’s $2.8 billion annual budget would also spread to the NSW economy as a whole.
Ok, so that’s why we didn’t shut the borders. Makes perfect sense.