Harvard's response to federal government letter demanding changes
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Re: Harvard's response to federal government letter demanding changes
#32If all 16% is canceled, then they'd need to draw an additional $1 billion per year from endowment at current budget levels.
That would put them above 7% draw so potentially unsustainable for perpetuity, historically they've averaged 11% returns though, so if past performance is a predictor of future, they can cover 100% of Federal gap and still grow the endowment annually with no new donations.
Re: Harvard's response to federal government letter demanding changes
#33They're quite happy to turn a blind eye to unfashionable political views being silenced, so there's a pinch of hypocrisy in making such a show of standing for openness.
All in all though, I'm happy to see this.
Re: Harvard's response to federal government letter demanding changes
#34Re: Harvard's response to federal government letter demanding changes
#35Re: Harvard's response to federal government letter demanding changes
#36> The University must immediately shutter all diversity, equity, and inclusion (DEI) programs, offices, committees, positions, and initiatives, under whatever name, and stop all DEI-based policies, including DEI-based disciplinary or speech control policies, under whatever name
> Every department or field found to lack viewpoint diversity must be reformed by hiring a critical mass of new faculty within that department or field who will provide viewpoint diversity
> In particular, Harvard must end support and recognition of those student groups or clubs that engaged in anti-Semitic activity since October 7th, 2023
> Discipline at Harvard must include immediate intervention and stoppage of disruptions or deplatforming, including by the Harvard police when necessary to stop a disruption or deplatforming
The letter is a complete joke. Giving it any sort of compliance would be giving validation to a set of rules that are literally impossible to follow by design. There is literally nothing Harvard could do to not be in trouble later.
Also buried in the letter is this gem:
> Harvard must implement a comprehensive mask ban with serious and immediate penalties for violation, not less than suspension.
Keep in mind Harvard also runs a medical school!
This is Maoist-style social reform through and through.
Re: Harvard's response to federal government letter demanding changes
#37Re: Harvard's response to federal government letter demanding changes
#38Re: Harvard's response to federal government letter demanding changes
#39Harvard just earned some reputation with me. It was already a place with great research. But now, it is also in institution with actual moral fiber.
Maybe? Or maybe they realize that they will lose all future credibility with students, government and NGO's if they bow to the conservative & Christian right?
There are two outcomes for the the current American government situation - a slide in to authoritarianism (it's right there in Project 2025), or these wackjobs get voted out because they are destroying global financial stability.
If it's the former, Harvard eventually has to cave because literal Nazi's.
If it's the latter, Harvard is screwed if they capitulate.
Re: Harvard's response to federal government letter demanding changes
#40Earlier quoted context omitted.
Much of that federal funding is for research, the same as any other R1 university. We all benefit from research findings. Endowments are used for other purposes. There are a few colleges that take no federal funding in order to maintain total independence (mostly for religious reasons). But their research output is virtually zero.
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