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[-] Redditsux@lemmy.world 379 points 1 year ago

FINALLY. One university with the balls to stand up to Trump.

[-] foggy@lemmy.world 140 points 1 year ago* (last edited 1 year ago)

I don't think all the people I was telling understand how much money Harvard has.

It's ... Way way more than it appears on paper.

They have, over the last 40 years or so, systematically bought commercial real estate in Boston, left it vacant to devalue the housing property in the neighborhood, then bought houses in the neighborhoods, bulldozed, expanded. They own way more of Allston than people realize. Let's not even talk about their endowment, which can pay for all students tuition on interest alone.

Here's a fun one.

42.3580140, -71.1385711

Try and figure out what that building is, who owns it, what it's for. It's like 5 acres. In the middle of a major capital city.

Yeah. Good luck. (P.S. it's Harvard)

Now note proximity to Harvard Stadium.

Harvard runs shit. In broad daylight secrecy. Within a democratic stronghold.

[-] veroxii@aussie.zone 40 points 1 year ago

Scott Galloway on YouTube often mentions this on his podcasts. That Harvard and a few others have turned from being a university with money to a private equity fund with some students.

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[-] Zanathos@lemmy.world 18 points 1 year ago

So you're telling me Harvard may be home base for a modern day revolution when it comes. Noted!

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[-] disguy_ovahea@lemmy.world 90 points 1 year ago

What’s the point of sitting on a $53B endowment if you’re not going to use it? Losing $9B in contracts to fight fascism is worth every penny.

[-] j0ester@lemmy.world 22 points 1 year ago

Donald Trump proposed taxing large private university endowments as part of his 2024 election campaign.

This tax aims to fund the creation of the "American Academy," a new institution designed to provide free, high-quality educational content. The tax would target excessively large endowments, collecting billions of dollars to support this initiative

This proposal is part of a broader effort to reshape higher education and address political controversies within universities. The tax on endowment investment income could significantly impact universities with large endowments.

[-] sgtgig@lemmy.world 51 points 1 year ago

This just sounds like they're going to contract PragerU to rebrand their videos and then someone will pocket billions of dollars.

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[-] Imgonnatrythis@sh.itjust.works 62 points 1 year ago

Columbia looking twice as pathetic now. I hope this catches on.

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[-] someguy3@lemmy.world 19 points 1 year ago

Likely because their endowment is large enough to not need federal funds.

[-] tigeruppercut@lemmy.zip 17 points 1 year ago

I don't think Columbia's hard up for cash either, but they folded like a cardboard lawn chair

[-] harmsy@lemmy.world 11 points 1 year ago

They have "Russian asset go fuck yourself" money.

[-] UnderpantsWeevil@lemmy.world 15 points 1 year ago

Georgetown has been out ahead of this for weeks. But they get no press because they're (a) not Harvard and (b) not humiliating themselves in compliance rituals like Columbia, so they aren't as exciting to cover.

You've also got schools down in Texas - A&M and UT particularly - that have already been fully integrated into Governor Abbott's brand of Lone Star Fascism that there's little to report. Just a bunch of admins saying, in thick German accents, that everything is normal and there's nothing to see.

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[-] goldenquetzal@lemmy.world 91 points 1 year ago

The letter that they sent Harvard was mental. Demanding wholesale replacement of the staff and students, removing the human rights curriculum, removing any cultural studies, a full mask ban bc only ICE get to wear masks now apparently, and a tattletale hotline. That letter is so up its own ass. Glad they published it.

[-] mobotsar@sh.itjust.works 24 points 1 year ago

Harvard has its own issues of course, but don't let that distract you from the fact that this thing it's done is the right thing.

[-] Rustic_Fry@literature.cafe 20 points 1 year ago

An insane list of demands like that should fall under the "We don't negotiate with terrorists" clause right?

[-] UnderpantsWeevil@lemmy.world 14 points 1 year ago

Well, an insane list of demands aimed at an international school that derives a huge amount of its income from foreign students and a reputation as a global leader in law and commerce. Harvard's admins aren't "Going Woke". They're going into survival mode.

They're also likely looking at the bloodbath at Columbia as the admin over there bend itself into a pretzel to comply with these demands, gets their funding gutted anyway, and turns the student body into either El Salvadorian inmates or white nationalist freaks. Clearly there's no upside to compliance. Trump never goes away, he just comes back with a longer and more vile list of demands.

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this post was submitted on 14 Apr 2025
1022 points (99.7% liked)

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