Leading article: Cambridge steps

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Unlike John Hood, Oxford's unfortunate vice-chancellor, Alison Richard has made a quiet and solid start at Cambridge University. She is on her way to getting the budget on to a healthy footing and has been able to introduce modest, if important, reform to intellectual property rights. But none of this tackles the long-standing difficulties of running such an opaque and chaotic establishment. Cambridge is a sprawling set of institutions held precariously together by a central administration in which the vice-chancellor's writ does not run very far or very vigorously. There is still a lot more modernising to be done.