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Why can't Ivies cope with losing a few hundred million?

economist.com

91–100 of 311 posts

Re: Why can't Ivies cope with losing a few hundred million?

#91

As I understand it, billionaires take out loans with their stock/investments as collateral to get cash without selling said assets. Why can't universities do the same? Or is my understanding of billionaire money shenanigans incorrect?

Universities can and they do:

https://public.com/bonds/screener?issuerSymbol=PDFHV

The yield on ~20 year Harvard bonds seems to be about one percentage point higher than the yield on 20 year treasuries.

Re: Why can't Ivies cope with losing a few hundred million?

#92
post #76
post #11

This framing conveniently ignores the question of whether the president should have the authority to single-handedly withhold funding for universities, broadly considered to be one of the foundational pillars of America's strength in the 20th century. While I think it's interesting and answers the specific question it raises, it's wild that the economist has just accepted that the president has dictatorial powers.

This question was not raised when the Obama administration dictated procedures and evidentiary standards to universities in cases of sexual assault, with threats of being found liable under Title IX for noncompliance. Well it was raised by some on the right, and then dismissed because, you know, the right, and who wants to defend campus rapists anyway? Those Duke University lacrosse kids should have hung -- even if t…

But why are those on the right that objected to Obama not objecting to Trump?

Re: Why can't Ivies cope with losing a few hundred million?

#93

I am not a fan of the orange man. But I think its an interesting question if the feds should be funding rich Ivies with small numbers of students vs more efficient state universities which educated 100s of thousands each at a fraction of the cost per student. All of the Ivy League combined educate 65k undergrads. SUNY by comparison educates 5x that many at a tuition of 1/5th to 1/10th depending on in/out of state and…

Too many people think these are funds to just run the universities. By and large, what is being withheld are funds for research. Federally-funded academic science often looks like: 1. The university + government fund/run a project 2. Project creates new knowledge (cool!) 3. The government gets a pretty awesome license to use that knowledge 4. The government more often than not gives that knowledge away (or offers gre…

It's that last step - 5 - which I think is a missing piece of the discussion. A lot of private company pharma and medical research is often doing the 'last mile' work that started in university research programs. Stuff that looks promising is picked up and commercialized, but there's usually significant work the research people have done before big commercial players take it to market. They're not doing all their research from scratch - they're taking the best bits funded by our government research programs and bringing them to market. Cutting university research will damage the private sector pretty quickly.

Re: Why can't Ivies cope with losing a few hundred million?

#94
post #80

It is part of the political reality that we live in. Whichever party is currently in power, will inevitably use that power to promote ideas that are favorable to them and to dissuade ideas that they are opposed to. The same people who are whining about the Trump administration abusing their power by doing these things; were cheering on the Biden administration for doing similar things from the opposite angle. This is…

> cheering on the Biden administration for doing similar things from the opposite angle What is the #1 thing you consider "a similar thing from an opposite angle?"

Biden's multiple student loan forgivness attempts come to mind? He might have been handing out money, as opposed to taking it away like Trump. But the underlying issues are the same: he did it unilaterally using executive order, and the courts had to get involved because there were concerns about constitutionality.

If the executive branch has the authority to determine where money is spent, then it seems obvious to me that it also has the authority to determine where it isn't spent. If you think of the president as an executive "CEO", then the current CEO can change the decisions of the previous CEO... This is in fact what we're voting for in the presidential election -- "how" to run the daily business of country. New CEO, new goals, new policies, etc.

Re: Why can't Ivies cope with losing a few hundred million?

#95
post #76
post #11

This framing conveniently ignores the question of whether the president should have the authority to single-handedly withhold funding for universities, broadly considered to be one of the foundational pillars of America's strength in the 20th century. While I think it's interesting and answers the specific question it raises, it's wild that the economist has just accepted that the president has dictatorial powers.

This question was not raised when the Obama administration dictated procedures and evidentiary standards to universities in cases of sexual assault, with threats of being found liable under Title IX for noncompliance. Well it was raised by some on the right, and then dismissed because, you know, the right, and who wants to defend campus rapists anyway? Those Duke University lacrosse kids should have hung -- even if t…

Obama threatened, but did not make good on those threats. Trump is threatening and actively withholding funds even to Columbia which bent the knee, because these are institutions which are seen as political enemies by the administration.

Re: Why can't Ivies cope with losing a few hundred million?

#96
post #92
post #76

Earlier quoted context omitted.

This question was not raised when the Obama administration dictated procedures and evidentiary standards to universities in cases of sexual assault, with threats of being found liable under Title IX for noncompliance. Well it was raised by some on the right, and then dismissed because, you know, the right, and who wants to defend campus rapists anyway? Those Duke University lacrosse kids should have hung -- even if t…

But why are those on the right that objected to Obama not objecting to Trump?

Because double standards.

Re: Why can't Ivies cope with losing a few hundred million?

#97
post #11

This framing conveniently ignores the question of whether the president should have the authority to single-handedly withhold funding for universities, broadly considered to be one of the foundational pillars of America's strength in the 20th century. While I think it's interesting and answers the specific question it raises, it's wild that the economist has just accepted that the president has dictatorial powers.

They're not ignoring it: https://www.economist.com/united-states/2025/04/03/donald-tr...

Re: Why can't Ivies cope with losing a few hundred million?

#98

I am not a fan of the orange man. But I think its an interesting question if the feds should be funding rich Ivies with small numbers of students vs more efficient state universities which educated 100s of thousands each at a fraction of the cost per student. All of the Ivy League combined educate 65k undergrads. SUNY by comparison educates 5x that many at a tuition of 1/5th to 1/10th depending on in/out of state and…

The feds are funding research, which elite schools have the best faculty and scholars who are conducting the very best research. May as well as why are VC’s funding promising startups instead of less promising ones, when those promising ones have already wealthy founders who have exited their previous venture.

Re: Why can't Ivies cope with losing a few hundred million?

#99
post #11

This framing conveniently ignores the question of whether the president should have the authority to single-handedly withhold funding for universities, broadly considered to be one of the foundational pillars of America's strength in the 20th century. While I think it's interesting and answers the specific question it raises, it's wild that the economist has just accepted that the president has dictatorial powers.

America is a democracy, not a bureaucracy. The executive branch is governed by a single representative elected by the people. It is becoming increasingly apparent that the people didn't make a great choice this time but our constitutional republic is also one of the foundational pillars of american strength and trump being an idiot doesn't change that. The judicial branch has authority to stop him but they're only su…

If a presidential candidate promises to break the law in his campaign, that does not give him the authority to break the law. We are a constitutional republic and the constitution must be followed.

It's quite clear that the current President does not give a damn about the constitution, know anything about it, or have any compunction about blatant violation of the constitution.

> Otherwise, all authority in the executive branch effectively belongs to the president and random midlevel bureaucrats can only exercise it on his behalf.

This is factually wrong.

Re: Why can't Ivies cope with losing a few hundred million?

#100
post #92
post #76

Earlier quoted context omitted.

This question was not raised when the Obama administration dictated procedures and evidentiary standards to universities in cases of sexual assault, with threats of being found liable under Title IX for noncompliance. Well it was raised by some on the right, and then dismissed because, you know, the right, and who wants to defend campus rapists anyway? Those Duke University lacrosse kids should have hung -- even if t…

But why are those on the right that objected to Obama not objecting to Trump?

Because to them, the "right person" is doing it for the "right reasons". Same as the Obama supporters, really. It's like, do we live in a constitutional republic with consistent rules the government is expected to follow, or is it "for my friends, anything; for my enemies, the law"?
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