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https://www.cnn.com/2025/05/22/us/harvard-university-trump-international-students
The Trump administration on Thursday revoked Harvard University’s ability to enroll international students, delivering a sharp punishment to the elite institution for refusing to bow to the administration’s policy demands.
NO MALARKEY
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And? What does that have to do with destroying our universities and fucking up people’s lives who came here to study? You do realize we are going to stop attracting the best and the brightest from around the world. Do you understand how short sighted and idiotic this is?
I’m not deep into the conservative echo-chamber. With that link to a Twitter video, you’re apparently implying something that requires some familiarity with that. All I can tell from this link is something about Harvard’s financial situation. What does that have to do with some of the most intelligent people who come here from around the world to study biochemistry, medicine, or any number of other important subjects that make the U.S. a leader in biotech, medicine, technology, and many other fields?
And how is this not fascistic?
NO MALARKEY
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Huh? I posted an assessment that (everyone’s) endowments may be overvalued that I have not seen before. Seemed like as good a place as any to post it.
I find the economics of academia interesting, and this is probably why universities that seem to have large endowments are still constantly fundraising. There is a hedge fund-ish aspect to endowments (the UC endowments are famously “activist” investors), and their management actually usually outperform hedge funds. In addition, that Harvard is monetizing its endowment as a securities offering (again) is interesting to people in finance. There may be broader implications to the bond issuance, but I also hope their legal department knows what they are doing. Also, one of the Harvard Crimson articles says the bonds are taxable, and the other says tax-exempt. I am not aware of anything in the tax code that says a 501 corporation can issue tax-exempt bonds. Like I said, I hope the legal department knows what they are doing.
On another note, I have always wondered why, say Stanford, doesn’t offer its alumni money management as a service in exchange for a tax-deductible management fee. If endowments are generating better than S&P returns (or comparable returns), why not give alumni access in exchange for a management fee that goes into the endowment? Seems like a win-win.
Not everything is an attack, or political. Don’t try to read minds (“apparently implying”). It’s not a skill you have, and leads to straw man fallacies.
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I don’t like this move but it remains a political winner for Trump.
Pooling “best and brightest” with “antisemite bullies” is a mistake by Harvard.
I’m only slightly amused at Trump playing a hardline position with Harvard using rules no doubt written to prevent right-leaning racists from creating their own academic enclaves. Hoisted with their own petard.
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Sic transit gloria mundi (so shut up and get back to work) -
I’m going to further drift this thread with this article. It’s fascinating how many headline grabbing papers that have drifted into the popular culture have been withdrawn. Case in point: Francesca Gino’s research.
Not to leave Stanford out of this, I think I posted this when discussing Marc Tessier-Lavigne’s data fraud scandal.
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The challenge is that Harvard (and Stanford) do not view themselves as American institutions with the requisite American loyalties. They view themselves as international institutions. Yes, they take American government funding. Yes, they are bound by American laws. They enjoy the former and chafe under the latter.
Incidentally…if you read other boards, that we’re-international-and-not-American belief is pervasive amount elite college alumni.
So let’s take it one logical step further. The clear, dominating argument is that we’re better off with international students. We accept, educate and train international students because we believe we are serving the world, not America. Consequently, it is not important to accept American citizens.
That’s the spoken part. The unspoken part is that it is critically important to reject American citizens and accept international students. And if it happens to further another nation’s interests, well, you have to break a few American eggs to get your international omelet.
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And here’s the latest, jaw-dropping, I-can’t-believe-a-leading-Democrat-just-said-that comment.
This one, to absolutely no one’s surprise, is from Alexandria Ocasio-Cortes, who has doubled down on abolishing ICE, calling it a “rogue agency.” Even Kamala Harris (a particularly low-watt bulb) was smart enough to pay lip service to keeping ICE in business. AOC has doubled down. Like David Hogg, she’s pro-open borders, anti-American citizen and wants to flout immigration laws by bringing in the world with no guidance, laws, process or…anything.
AOC’s Renewed ‘Abolish ICE’ Call Sparks Republican Fury, White House Condemnation
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