The American Graded Stakes Committee of the Thoroughbred Owners and Breeders Association has done it again, announcing Saturday that it has reduced the number of graded stakes races that will be run in the U.S. in 2024, while also downgrading 30 races. To most, this is a welcome development. With the foal crop continually declining, there should be fewer graded stakes races and fewer Grade I's. Many believe that the committee has not gone far enough. Yet, the announcement, as it always seems to do, did not come without a...