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Harvard's response to federal government letter demanding changes

harvard.edu

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Re: Harvard's response to federal government letter demanding changes

#82
post #51

Earlier quoted context omitted.

The point of no return is Trump getting a third term. The parallels are strong there. I was just thinking this morning that we very much needed the USA's help fighting Nazi Germany, but who will we turn to when we're fighting fascists coming from the East _and_ West? (Russia and the USA)

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Nope, it didn't. The Nazis started a war economy almost immediately and yes, they hiked employment, but the Nazi economy was boom or bust. They couldn't sustain it long term without the war.

Re: Harvard's response to federal government letter demanding changes

#83

If you've read history, this rhymes with certain acts that have happened before under certain regimes. Under a non-authoritarian Government, this type of showboating can be dismissed, but when habeas corpus and the right to due process is suspended — such actions take on a very different cast indeed. It's good that Harvard is fighting this. The more people accede, the more they will accelerate down a path where there…

$9 billion dollars from the federal government to Harvard equates to nearly $30 per American, that is an ignorant amount of money for a single academic institution, surely the world isn't so black and white that we can have a conversation about how much money is leaking out of our tax dollars without it always coming back to "fascism"?

Re: Harvard's response to federal government letter demanding changes

#84
post #73
post #51

Earlier quoted context omitted.

The point of no return is Trump getting a third term. The parallels are strong there. I was just thinking this morning that we very much needed the USA's help fighting Nazi Germany, but who will we turn to when we're fighting fascists coming from the East _and_ West? (Russia and the USA)

The point of no return is Trump getting a third term That's a little alarmist. It's not going to happen. Things are close to going off the rails and people are understandably troubled with the direction in which the US government is headed. I am as well. But we all need to start turning down the temperature a bit.

How did that work the last 10 times we said the things trump wants to do aren't gonna happen. He's saying he will so we should believe him

https://www.theatlantic.com/politics/archive/2025/04/trump-t...

https://www.foxnews.com/media/trump-going-run-third-term-ste...

Re: Harvard's response to federal government letter demanding changes

#87

[flagged]

> The Federal government has always attached conditions in exchange for Federal funding and Federal contracts. This is not dictating. It effectively is. Just look up the history of the drinking age - a classic example of the federal government using extortion tactics to override state rights.

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Re: Harvard's response to federal government letter demanding changes

#88
post #51

Earlier quoted context omitted.

The point of no return is Trump getting a third term. The parallels are strong there. I was just thinking this morning that we very much needed the USA's help fighting Nazi Germany, but who will we turn to when we're fighting fascists coming from the East _and_ West? (Russia and the USA)

[flagged]

> At least the Nazi party created a strong economy in Germany

This is a myth. Wages of Destruction [1] details the Nazis’ autarkic economic incompetence.

[1] https://en.m.wikipedia.org/wiki/The_Wages_of_Destruction

Re: Harvard's response to federal government letter demanding changes

#89
post #54

With their endowment above $50 billion, combined with Federal plus Non-Federal sponsored revenue at 16% of operating budget, it makes sense to me they just forgo Federal funds and operate independently. If 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 t…

This article lists out why it's not good of an idea as you think. >Universities’ endowments are not as much help as their billion-dollar valuations would suggest. For a start, much of the money is reserved for a particular purpose, funding a specific professorship or research centre, say. Legal covenants often prevent it from being diverted for other purposes. In any case, the income from an endowment is typically us…

if a $50,000,000,000 endowment can not be used to smooth things over in times of need or turbulence then the endowment managers need to make changes.

You can not possibly convince me that Harvard’s endowment doesn’t trivially have one year of liquidity in it.

I’m sure it’s not structured to handle a 7% annual draw down for the next 30 years. But it’s got plenty of time to restructure if needed.

Re: Harvard's response to federal government letter demanding changes

#90

Earlier quoted context omitted.

[flagged]

there's no need to defend any good things the nazis did to germany

The good things (and the promises of more) are what make them compelling for a while. Fascism is appealing because top-down directives from an absolute leader can work… for a bit.

Eventually you run out of the low hanging fruit that can be messed with by executive fiat, and then you have to find enemies to blame.

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