The Weekend Edition of the Financial Times has a great article on US higher education and Trump's attack on it. Simon Kuper, "Trump vs the Universities."
My 3-time alma mater, the University of Michigan, has an annual budget of ~ $14+ billion and an endowment of $17 billion. It gets more than $2B annually in federal funds for research.
I'd like to think it could have held out against the demands of this autocratic/kakistocratic regime for a few years by tapping its endowment for some or all of the losses of federal money, but it appears what "I'd like to think" and what the U's leaders prefer to do are worlds apart. It chose to cave in to the administration's threats, specifically so far as to the U's DEI initiatives.
I'm glad to see Princeton has,, at least for now, the courage of its convictions, but I'm deeply disappointed in U-M.
Sources: U-M publications about its budget, endowment, and termination of its DEI programs.
"If you ever wondered what you would have done in Germany in 1933, you’re doing it now."
Be safe out there!
The Weekend Edition of the Financial Times has a great article on US higher education and Trump's attack on it. Simon Kuper, "Trump vs the Universities."
Allen Kamp
My 3-time alma mater, the University of Michigan, has an annual budget of ~ $14+ billion and an endowment of $17 billion. It gets more than $2B annually in federal funds for research.
I'd like to think it could have held out against the demands of this autocratic/kakistocratic regime for a few years by tapping its endowment for some or all of the losses of federal money, but it appears what "I'd like to think" and what the U's leaders prefer to do are worlds apart. It chose to cave in to the administration's threats, specifically so far as to the U's DEI initiatives.
I'm glad to see Princeton has,, at least for now, the courage of its convictions, but I'm deeply disappointed in U-M.
Sources: U-M publications about its budget, endowment, and termination of its DEI programs.