THE MORNING RANT: Harvard’s Doom Loop: The Poison Ivy is Considering Selling Some of its Illiquid Endowment at a Discount for Some Fast Cash

Selling an illiquid asset at a discount is a desperate action that desperate people do when they need fast cash. On a related note, Harvard Management Company (Harvard’s endowment) is considering selling some of its illiquid assets at a discount to quickly raise some cash.

This Harvard Crimson piece, “HMC Plans $1 Billion Sale of Private Equity Stakes,” quotes a Rutgers Business School professor as stating that “in most secondary sales, assets are sold at a discount, meaning [Harvard] would only benefit if they need extra cash on hand — or if they believe the stakes up for sale will lose value in the future.”

In other words, Harvard is either unloading bad assets which are worth less than their book value, or they’re selling at a discount because they’re desperate for cash. (Or both.) Either scenario is very bad.

I have been writing about Harvard’s cash scramble at various outlets, including this recent piece at The Blaze, in which I discussed how Harvard has had to repeatedly keep borrowing more money, going to the debt markets four times in barely a year to raise about $2.5 billion. This is money needed to ensure staff gets paid and the lights remain on as the historical operating cash flow from donors and government has dried up.

“Harvard’s broke and begging — but it still won’t change its ways” [The Blaze]

In the past two months, Harvard has turned to the bond markets twice to quickly raise over $1 billion in cash. This follows a scramble in 2024 to raise $1.5 billion through similar bond offerings, which still fell short of its initial target.

In April, Charles Gasparino hinted that Harvard was starting to sell some of the liquid assets in its endowment, e.g. stocks and bonds. He wrote ”Wall Street execs who follow the college endowment business say it's only a matter of time before Harvard starts selling what's liquid in its portfolio, ie stocks, maybe issue more debt, if its tax-exempt status remains revoked. There are UNCONFIRMED market reports that the selling has already begun.”

As we’re learning now, the situation was even worse than what Mr. Gasparino was hearing. Selling stocks and bonds at least gets you a dollar-for-dollar price on the exchange value of your asset. A desperation sale of an illiquid asset, such as a stake in a private equity investment, is like selling a prized possession to a pawn shop. “Forced liquidation value” of anything means that a big financial haircut is going to be realized.

It gets even worse for the Poison Ivy school.

Harvard’s endowment is famously (allegedly?) valued at $53 billion. Beyond the discount required to sell an illiquid asset, investor Bill Ackman believes that the underlying value of the endowment has already taken a huge hit, because private equity uses leverage as a multiplier of investment gains. This multiplier effect can also work in reverse in regard to losses, and probably has. In his example, “if a real estate fund’s asset values decline by 15% and the assets are levered 60%, the fund’s equity value will decline by 37.5%.” In speculating how much cash Harvard could generate by selling its illiquid, impaired assets, Ackman wrote, ”the realizable values of Harvard’s private assets could be as low 40% of current carrying values if Harvard needs to liquidate substantial portions of its assets to meet its obligations.” Ackman estimates that the actual realizable value of Harvard’s endowment might not exceed $40 billion right now. That represents a $13 billion book loss that has already occurred to Harvard’s legendary endowment.

In offloading some of its illiquid private equity investments, Harvard may be counting on finding a “greater fool” who wants to bask in the glow of being a partner with Harvard in its exclusive investment club. Forbes magazine just published a warning to those potential greater fools about how Harvard is willing to take some measure of loss in order to transfer the rest of the risk to everyday investors.

“Is Harvard’s Private Equity Selloff A Trap for Retail Investors?” [Forbes – 5/22/2025]

Private equity investors, including endowments, are desperate to offload illiquid stakes. By marketing these assets to retail investors, Wall Street creates a new pool of buyers—less sophisticated investors who may not fully grasp the risks.

So, is Harvard now reduced to fleecing rubes from flyover country with its tarnished private investments to cut its losses and get some quick cash? It would appear so. But even that is just a short-term fix.

Harvard is in a doom loop. Its donor base is diminishing and sitting on their wallets, as many of them are repulsed by what the school has become and how tainted its brand is. President Trump is cutting off the flow of federal dollars to the school. Harvard has tapped out the bond market, and further bonds will likely start to be priced at junk bond levels if the school has to keep borrowing to plug holes in its cash flow. The endowment is crashing in value, and its illiquid assets are being sold at a fire sale.

The Harvard asset that always held the most value was its reputation. Having foolishly decided to destroy that asset in service to a globalist political ideology that is hostile to the United States and western civilization, the seeds were planted for the doom loop that is consuming the disgraced university.

[buck.throckmorton at protonmail dot com]

Posted by: Buck Throckmorton at 11:00 AM

Comments

(Jump to bottom of comments)

1 Selling an illiquid asset at a discount is a desperate action that desperate people do when they need fast cash.

Call JG Wentworth!

Posted by: rickb223 at June 06, 2025 11:01 AM (BuA5c)

2 here

Posted by: Miflin at June 06, 2025 11:01 AM (aA6YN)

3 Sponge!

Posted by: rickb223 at June 06, 2025 11:01 AM (BuA5c)

4 Eek

Posted by: Commissar of plenty and festive little hats at June 06, 2025 11:01 AM (1XEwA)

5 That represents a $13 billion book loss that has already occurred to Harvard’s legendary endowment.

University of Texas will end up the richest college in America.

Posted by: I used to have a different nic at June 06, 2025 11:01 AM (ExV1e)

6 I remember when trolls were telling us that the paltry billions Harvard received from the feds meant nothing because of the endowment.

Posted by: TheJamesMadison, reflecting on change and permanence with Ozu at June 06, 2025 11:01 AM (GBKbO)

7 Corgis called.

Posted by: rickb223 at June 06, 2025 11:02 AM (BuA5c)

8 So, is Harvard now reduced to fleecing rubes from flyover country with its tarnished private investments to cut its losses and get some quick cash? It would appear so. But even that is just a short-term fix.

=======

It's nothing until ActBlue is sending out fundraising emails begging for $3 for Harvard.

Posted by: TheJamesMadison, reflecting on change and permanence with Ozu at June 06, 2025 11:03 AM (GBKbO)

9 At least they know {{{whom}}} to blame. Right?

Posted by: gKWVE at June 06, 2025 11:03 AM (gKWVE)

10 At some point hirers have to stop taking this place seriously.

Right??

Posted by: eleven at June 06, 2025 11:04 AM (0HaGk)

11 Can I get a simple explanation why the endowment fund is mostly illiquid?

Posted by: polynikes at June 06, 2025 11:04 AM (VofaG)

12 Oh no!

Anyway…..

Posted by: nurse ratched at June 06, 2025 11:04 AM (W2Pud)

13 Clearly importing illiterates didn't save Harvard. Who saw that coming?

Posted by: pudinhead at June 06, 2025 11:04 AM (FmapG)

14 Let's hope so. May Harvard return as a shriveled husk, back to training clergy.

Posted by: OrangeEnt at June 06, 2025 11:05 AM (0eaVi)

15 Does Harvard own any precious metals? What about land? Commercial real estate?

Posted by: Alberta Oil Peon at June 06, 2025 11:06 AM (WUoYt)

16 10 At some point hirers have to stop taking this place seriously.

Right??
Posted by: eleven at June 06, 2025 11:04 AM (0HaGk)

=======

Going to an Ivy is about networking, and there are still decades worth of Ivy grads in the business world who take their alma mater as a sign of pride.

Most of the elite will still value it, but if the trend continues and the Ivy's lose further status with the larger culture, at some point in the next couple of decades, the Fortune 500 will be made up of companies with CEOs who dismiss the Ivys as out of touch crazies.

Posted by: TheJamesMadison, reflecting on change and permanence with Ozu at June 06, 2025 11:06 AM (GBKbO)

17 Maybe they should sell the nude photos they have of their students.

You may ask, do they have nude photos of their students?

Yes, phantom questioner, they have nude photos of their students, going back decades.

Posted by: BurtTC at June 06, 2025 11:06 AM (dGCAG)

18 https://x.com/Notmyfault99/status/1929120068710838705

Posted by: SMOD at June 06, 2025 11:06 AM (RHGPo)

19 May Harvard diplomas be reduced to papering outhouse walls.

Posted by: OrangeEnt at June 06, 2025 11:06 AM (0eaVi)

20 Seeing Harvard, Roundhead Heaven, doing the Wimpy (I'd gladly pay you Thursday for a hamburger today) makes me very happy. Smartest Guys Evah!

Posted by: pudinhead at June 06, 2025 11:06 AM (FmapG)

21 15 Does Harvard own any precious metals? What about land? Commercial real estate?
Posted by: Alberta Oil Peon at June 06, 2025 11:06 AM (WUoYt)

========

Yeah, but what of their precious bodily fluids? Have they kept their precious bodily fluids pure?

Posted by: TheJamesMadison, reflecting on change and permanence with Ozu at June 06, 2025 11:07 AM (GBKbO)

22 "Corgis called."

I am not an animal.

Posted by: eleven at June 06, 2025 11:07 AM (0HaGk)

23 Does Harvard own any precious metals? What about land? Commercial real estate?
Posted by: Alberta Oil Peon at June 06, 2025 11:06 AM (WUoYt)

Extensive Hummel figurine collection.

Posted by: BurtTC at June 06, 2025 11:07 AM (dGCAG)

24 The Harvard asset that always held the most value was its reputation. Having foolishly decided to destroy that asset

I, for one, would disagree with that conclusion. Indeed, I would argue I am proof of the exact opposite!

Posted by: David Hogg, Harvard graduate at June 06, 2025 11:07 AM (0sNs1)

25 The refreshments at those "Death to Israel" rallies aren't cheap.

Not to mention the signs.

And the effigies.

And the flags to burn.

Not cheap.....

Posted by: Stateless.. 18% - mental state clawing up from 10%, shit happened, clawing back now at June 06, 2025 11:07 AM (jvJvP)

26 It’s not just Harvard. It’s private equity in general. The PE bubble has burst and everyone rushing for the exits. Harvard included.

It’s gonna be a big beautiful bloodbath. But like usual it will fuck over regular people too. PE is in everything now. Your local hvac company that serviced your furnace? Good chance it’s owned by PE. Or your plumbing company or vet or dentist office. There’s gonna be some pain.

Posted by: Its Go Time Donald at June 06, 2025 11:07 AM (NDtFP)

27 Ever wish your child was a full-blown liberal idiot? Desperate to turn them into a Jew hating extremist who’d rather burn a flag than think for themselves? Well Harvard University has the answer. For the low, low price of half a million dollars we will transform your kid into the kind of zealot who sets bags of shit on fire in the street, screaming about whatever CNN’s whining about today. Our elite programme guarantees they’ll swap reason for rage and facts for feelings faster than you can say protest permit.

Posted by: SMOD at June 06, 2025 11:07 AM (RHGPo)

28 I'd feel some pity for them but these wounds are self inflicted.

Posted by: NR Pax at June 06, 2025 11:07 AM (lXoJ5)

29 Let's hope so. May Harvard return as a shriveled husk, back to training clergy.
Posted by: OrangeEnt at June 06, 2025 11:05 AM (0eaVi)

Latin teachers all over the land are dusting off their resumes.

Posted by: BurtTC at June 06, 2025 11:08 AM (dGCAG)

30 28 I'd feel some pity for them but these wounds are self inflicted.
Posted by: NR Pax at June 06, 2025 11:07 AM (lXoJ5)

=======

Hiring an atheist to be the chaplain of the Divinity school was a sign.

Posted by: TheJamesMadison, reflecting on change and permanence with Ozu at June 06, 2025 11:08 AM (GBKbO)

31 Boo hoo!

It's a terrible thing to happen to such a prestigious institution.

Posted by: Lizzy at June 06, 2025 11:09 AM (F/B4x)

32 Extensive Hummel figurine collection.
Posted by: BurtTC at June 06, 2025 11:07 AM (dGCAG)

Wizard of Oz plates.

Posted by: Franklin Mint at June 06, 2025 11:09 AM (0eaVi)

33 >> Your local hvac company that serviced your furnace? Good chance it’s owned by PE. Or your plumbing company or vet or dentist office.

Senior living centers, too.

Posted by: Lizzy at June 06, 2025 11:09 AM (F/B4x)

34 Hiring an atheist to be the chaplain of the Divinity school was a sign.
Posted by: TheJamesMadison, reflecting on change and permanence with Ozu at June 06, 2025 11:08 AM (GBKbO)
------------
Yeh w'at?

Posted by: Captain Obvious, Laird o' the Sea at June 06, 2025 11:09 AM (6YdsJ)

35 "Private equity investors, including endowments, are desperate to offload illiquid stakes. By marketing these assets to retail investors, Wall Street creates a new pool of buyers—less sophisticated investors who may not fully grasp the risks."

I don't think this is right. If these are non-public illiquid assets or PE or VC, then they generally can't be sold in the retail market. Possibly they could be put into a fund and then sold at retail, but that would require a lot of work and SEC approvals.

The buyers for these assets will be other PE or hedge funds looking to take the risk for big discounts. It's basically the distressed asset market. That's not a retail market, but it's extensive and sophisticated.

Posted by: Elric Blade at June 06, 2025 11:09 AM (iFTx/)

36 as many of them are repulsed by what the school has become

Correction: "as many of them are repulsed by what the school has always been."

Posted by: NR Pax at June 06, 2025 11:09 AM (lXoJ5)

37 It's really a shame. I had some wonderful professors in seminary who got their M.Div or doctorates from Harvard, and were very intelligent and very articulate people of faith, but back then I did not know their politics or their politics-for the most part and it was much better than way.

Posted by: FenelonSpoke at June 06, 2025 11:10 AM (EJtBU)

38 Polynikes: Rather than investing in stocks, bonds, and CDs, the very rich like to invest in exclusive hedge funds and private equity investments where you surrender your cash to them, they provide you reports on how much your investment is worth, but you are heavily restricted from withdrawing your “investment.” In other words, rich people who are smarter than you and me turn their money over to wizards who won’t let them have their money back.

Posted by: Buck Throckmorton at June 06, 2025 11:10 AM (o/5fZ)

39 No. By all means, American tax-payers should go further into debt to give Harvard money while it sits on billions in endowment!

</sarcasm>

Posted by: Axeman at June 06, 2025 11:10 AM (krQz2)

40 Basically they are fully committed into the racism and bigotry of their official policy, and if they have to raise the money personally to fund it, they're going to sell the students if they have to.

Posted by: Christopher R Taylor at June 06, 2025 11:10 AM (2VST1)

41 A desperation sale of an illiquid asset, such as a stake in a private equity investment, is like selling a prized possession to a pawn shop

The best I can do is twenty dollars.

Posted by: Rick at June 06, 2025 11:10 AM (D0HYP)

42 IDK. Could it also be shifting $, assets, investments around the world?

Harvard in the World, Locations Abroad

Global Engagement - 35 million+
global learners have enrolled in courses on Harvard Online

7,000+ Harvard students, faculty, academics, and staff traveled to more than 160 countries to study, work, conduct research, collaborate, perform, and pursue their international goals in FY24

180+ countries are represented by Harvard students, scholars, and alum

Posted by: L - No nic, another fine day at June 06, 2025 11:10 AM (NFX2v)

43 >>Does Harvard own any precious metals? What about land? Commercial real estate?

A lot of real estate.

Posted by: Lizzy at June 06, 2025 11:10 AM (F/B4x)

44 This sounds an awful lot like what happens when you have to sell stocks to meet a margin call. You money received to pay off the call is not dollar-for-dollar unless you're selling a non-marginable equity.

But anyways, f*ck them uppity nerds.

Posted by: Grapefruit LaCroix at June 06, 2025 11:11 AM (kuTyJ)

45 43 >>Does Harvard own any precious metals? What about land? Commercial real estate?

A lot of real estate.
Posted by: Lizzy at June 06, 2025 11:10 AM (F/B4x)

======

It's endowment is only something like 8% real estate.

Posted by: TheJamesMadison, reflecting on change and permanence with Ozu at June 06, 2025 11:11 AM (GBKbO)

46 Maybe they should sell the nude photos they have of their students.

You may ask, do they have nude photos of their students?

Yes, phantom questioner, they have nude photos of their students, going back decades.
Posted by: BurtTC at June 06, 2025 11:06 AM

Supposedly that program ended at Harvard (and the other Ivies and some other schools) sometime in the '70s.

However, there *are* nude photographs of Hillary! somewhere out there because of it.

Posted by: Duncanthrax at June 06, 2025 11:11 AM (0sNs1)

47 Harvard are getting paid the bill that is due -

x.com/sfmcguire79/status/1930984338453053520
Steve McGuire @sfmcguire79
Just learned from @PamelaParesky that the grad student who started the Carole Hooven cancellation at Harvard is an assistant professor now.
Before that, she had a President’s postdoctoral fellowship, a program @JohnDSailer has called a “scholar-activist pipeline.

There's a picture of this grad student's face. She's as smug as you can imagine.

Posted by: gKWVE at June 06, 2025 11:11 AM (gKWVE)

48 Correction: "as many of them are repulsed by what the school has always been."

Yeah I am guessing that Harvard has always hated Jews and shunned them, at least within a century of its founding.

Posted by: Christopher R Taylor at June 06, 2025 11:11 AM (2VST1)

49 They can sell naming rights. "Harvard University presented by Anheuser Busch, 'This Bud's for You". Or to bring back a a classic, "Harvard University presented by Phillip-Morris, 'Welcome to Marlboro Country'". Possibilities are endless.

Posted by: mishdog at June 06, 2025 11:11 AM (qSkmO)

50 Hiring an atheist to be the chaplain of the Divinity school was a sign.
---------------
You think?

Posted by: pudinhead at June 06, 2025 11:11 AM (FmapG)

51 The best I can do is twenty dollars.
Posted by: Rick at June 06, 2025 11:10 AM (D0HYP)

Generous fellow!

Posted by: Ten Spot at June 06, 2025 11:12 AM (0eaVi)

52 Have you ever considered the value in your home, and what you could do with it if you could tap that value? I'm here to talk to you about reverse mortgages...

Posted by: Harvard at June 06, 2025 11:12 AM (s8j++)

53 My life long buddy was a terrible student and took over 6 years to graduate college but he was a very savvy businessman who built a very successful company . About 8 years ago he decided to get a MBA from Harvard through their correspondence course work . He got it with no problem and had on onsite graduation ceremony. I never said it to him but I suspect you just buy that degree. But maybe not.

Posted by: polynikes at June 06, 2025 11:12 AM (VofaG)

54 At some point hirers have to stop taking this place seriously.

Right??
Posted by: eleven at June 06, 2025 11:04 AM (0HaGk)

https://youtu.be/lIjqdRiM3Pc

Posted by: I used to have a different nic at June 06, 2025 11:12 AM (ExV1e)

55 >>It's endowment is only something like 8% real estate.

I know a person who managed their real estate portfolio for years

Posted by: Lizzy at June 06, 2025 11:12 AM (F/B4x)

56 No. By all means, American tax-payers should go further into debt to give Harvard money while it sits on billions in endowment!

Posted by: Axeman at June 06, 2025 11:10 AM (krQz2)

The only real problem I have with all this is that it should be a larger discussion of NOT financing any of this shit. Anywhere.

I don't like the idea of punishing one shithole university for whatever sins one might believe they're committing. Go after the concept of taxpayers keeping all these institutions in business, without anyone who is paying for it, really knowing what they're paying for.

Posted by: BurtTC at June 06, 2025 11:13 AM (dGCAG)

57 15
‘ Does Harvard own any precious metals? What about land? Commercial real estate?’

A reverse mortgage?

Posted by: The Fonz at June 06, 2025 11:13 AM (jbnUc)

58 Question - why is the rest of the nation required to hold the "Ivy League" is such esteem anyway ? Here's where those joints are located ...

Providence, RI - NYC - Ithica, NY - Hanover, NH - Cambridge, MA - Philly, PA - Princeton, NJ - New Haven, CT ...

... the rest of the country can stop constantly subsidizing and deferring to the New England states at any moment now.

Posted by: Mike Armstrong at June 06, 2025 11:13 AM (2AUcf)

59 Yeah I am guessing that Harvard has always hated Jews and shunned them, at least within a century of its founding.

There was an article a while back that outlined how Harvard refused Jewish applicants for the longest time.

Posted by: NR Pax at June 06, 2025 11:14 AM (lXoJ5)

60 You moneybags with your twenty dollar bills...

Posted by: eleven at June 06, 2025 11:14 AM (0HaGk)

61 However, there *are* nude photographs of Hillary! somewhere out there because of it.

Do they blackmail people by threatening to release them and make them look?

Posted by: Archimedes at June 06, 2025 11:14 AM (s8j++)

62 Harvard is the Bud Lite of Ivy League schools.

Posted by: Grapefruit LaCroix at June 06, 2025 11:14 AM (kuTyJ)

63 Can I get a simple explanation why the endowment fund is mostly illiquid?
Posted by: polynikes at June 06, 2025 11:04 AM (VofaG)

Presumably real estate or private equity stuff. Things where you can't just put in a sell order.

Posted by: I used to have a different nic at June 06, 2025 11:14 AM (ExV1e)

64 ... the rest of the country can stop constantly subsidizing and deferring to the New England states at any moment now.
Posted by: Mike Armstrong at June 06, 2025 11:13 AM

That would be contrary, indeed the antithesis, of what we fought the Civil War for!

Posted by: Yankees at June 06, 2025 11:14 AM (0sNs1)

65 1-877-CASH-NOW!

Posted by: J.G. Wentworth at June 06, 2025 11:14 AM (lIgBp)

66 Supposedly that program ended at Harvard (and the other Ivies and some other schools) sometime in the '70s.
--------------
I was at Cornell in the mid-70s and didn't hear anything about this.

I was in the Engineering School, though.

Posted by: Captain Obvious, Laird o' the Sea at June 06, 2025 11:14 AM (6YdsJ)

67 Do they blackmail people by threatening to release them and make them look?

Back then the evil in her soul was less evident on her body.

Posted by: Christopher R Taylor at June 06, 2025 11:15 AM (2VST1)

68 Call JG Wentworth!

Posted by: rickb223 at June 06, 2025 11:01 AM (BuA5c)

877-CASH-NOW

And if you aren't singing that in your head right now...

Posted by: Washington Nearsider, still gloating at June 06, 2025 11:15 AM (oSeBJ)

69 63 Can I get a simple explanation why the endowment fund is mostly illiquid?
Posted by: polynikes at June 06, 2025 11:04 AM (VofaG)

Presumably real estate or private equity stuff. Things where you can't just put in a sell order.
Posted by: I used to have a different nic at June 06, 2025 11:14 AM (ExV1e)

========

I don't think it'd be a good idea for Harvard to put the entirety of its endowment in the stock market.

Posted by: TheJamesMadison, reflecting on change and permanence with Ozu at June 06, 2025 11:15 AM (GBKbO)

70 Maybe alumni donations will go up in the near future. Hahvahd educated baristas will see a raise with no tax on tips.

Posted by: bill in arkansas, not gonna comply with nuttin, waiting for the 0300 knock on the door at June 06, 2025 11:15 AM (gm9Sb)

71 Yeah I am guessing that Harvard has always hated Jews and shunned them, at least within a century of its founding.

Yankees typically love the idea of minorities - they just hate actually having to interact with one.

Posted by: Mike Armstrong at June 06, 2025 11:15 AM (2AUcf)

72 Supposedly that program ended at Harvard (and the other Ivies and some other schools) sometime in the '70s.

However, there *are* nude photographs of Hillary! somewhere out there because of it.
Posted by: Duncanthrax at June 06, 2025 11:11 AM (0sNs1)

It's so bizarre it ever existed in the first place. I'm of the view though, whatever depraved things our "elites" have been doing, when the public finds out about it, they don't stop, they just say they stopped.

Posted by: BurtTC at June 06, 2025 11:15 AM (dGCAG)

73 @18/SMOD: Brilliant.

Posted by: Grumpy and Recalcitrant at June 06, 2025 11:15 AM (O7YUW)

74 Posted by: Buck Throckmorton at June 06, 2025 11:10 AM (o/5fZ)

Thanks. So when they say they are divesting from Israel and previously South Africa how does that work?

Posted by: polynikes at June 06, 2025 11:16 AM (VofaG)

75 There was an article a while back that outlined how Harvard refused Jewish applicants for the longest time.

I mean, the south gets a bad reputation for being racist, but the northeast had "no Jews" clubs into the 1980s.

Posted by: Christopher R Taylor at June 06, 2025 11:16 AM (2VST1)

76 >>They can sell naming rights. "Harvard University presented by Anheuser Busch, 'This Bud's for You". Or to bring back a a classic, "Harvard University presented by Phillip-Morris, 'Welcome to Marlboro Country'". Possibilities are endless.

The Xi Center for the Arts.

Posted by: Lizzy at June 06, 2025 11:16 AM (F/B4x)

77 877-CASH-NOW

And if you aren't singing that in your head right now...
Posted by: Washington Nearsider, still gloating at June 06, 2025 11:15 AM

We can help.

Posted by: 1-800-KARS-4-KIDS at June 06, 2025 11:17 AM (0sNs1)

78 Typically Private Equity multiples(multiples on earnings, similar to P/E) are meaningfully lower than public companies.

They've been around parity to somewhat higher for a couple years, a sign they're either overpriced or public markets are underpriced. Transactions volume has been depressed over the same period, suggesting they're overpriced and would need to fall to support ordinary volume for market activity.

Private equity is not traded frequently so valuations are based on appraisals, and tend not to move around as much as public markets.

So yes, their private equity positions are probably overvalued, how much is hard to tell.

Posted by: Red Turban Someguy at June 06, 2025 11:17 AM (okun6)

79 I have come here to eat a giant kosher dill pickle and be polite. And I am alllll out of polite!

The pickle, however, is delicious!

Posted by: Madamemayhem (uppity wench) at June 06, 2025 11:17 AM (2J/Lj)

80 I don't think it'd be a good idea for Harvard to put the entirety of its endowment in the stock market.
Posted by: TheJamesMadison, reflecting on change and permanence with Ozu at June 06, 2025 11:15 AM (GBKbO)

They should convert all their assets to Zimbabwe dollars, and use them to stuff mattresses in the dorms.

Posted by: Alberta Oil Peon at June 06, 2025 11:17 AM (WUoYt)

81 I remember when trolls were telling us that the paltry billions Harvard received from the feds meant nothing because of the endowment.
Posted by: TheJamesMadison, reflecting on change and permanence with Ozu at June 06, 2025 11:01 AM (GBKbO)
_______

Some people will not take 'yes' for an answer. Ya know? The billions in cash these colleges received was operating income. It was cash, it was liquid, it was spendable right then and there. The endowments are illiquid, hard to market, and have a very limited market of potential buyers. The oceans of filthy grant money meant that colleges never had to dip into their endowments. See how that works?

Posted by: Elric Blade at June 06, 2025 11:17 AM (iFTx/)

82 Didn't the Saudis give Harvard a ton of money years back for Islamic Studies or something?

Posted by: Stateless.. 18% - mental state clawing up from 10%, shit happened, clawing back now at June 06, 2025 11:17 AM (jvJvP)

83 Yankees typically love the idea of minorities - they just hate actually having to interact with one.

"We have no idea what you are talking about!"
--Residents of Martha's Vineyard cheering as illegals are bussed out

Posted by: Christopher R Taylor at June 06, 2025 11:17 AM (2VST1)

84 Ha ha ha!

All these fucking geniuses can't manage their money prudently.

I want them to crash.

Posted by: Deplorable Ian Galt at June 06, 2025 11:17 AM (ufFY8)

85 Can I get a simple explanation why the endowment fund is mostly illiquid?
Posted by: polynikes

Probably art works and real estate.

Also, at times, donations are tied to specific items (e.g. "I donate $300 million for construction and maintenance of a building named after me")

Posted by: Chuck C at June 06, 2025 11:17 AM (D0HYP)

86 Harvard trained economists have been running the national economy with the same level of competence as they've managed its own finances.

Posted by: Victor Tango Kilo at June 06, 2025 11:18 AM (n+Gju)

87 I mean, the south gets a bad reputation for being racist, but the northeast had "no Jews" clubs into the 1980s.

The biggest problem we have, as a nation, isn't the debt or the declining empire. Its trying to build a nation built upon three distinct cultures. Northeast, West Coast, and everything else.

Posted by: Mike Armstrong at June 06, 2025 11:18 AM (2AUcf)

88 I don't think it'd be a good idea for Harvard to put the entirety of its endowment in the stock market.
Posted by: TheJamesMadison, reflecting on change and permanence with Ozu at June 06, 2025 11:15 AM (GBKbO)

Buy gold! Tell them the judge sent ya.

Posted by: BurtTC at June 06, 2025 11:18 AM (dGCAG)

89 76 Maybe they'll reach a tipping point when a big fat lawsuit doesn't go their way. See Oberlin University, now Gibson College of Baking.

Posted by: bill in arkansas, not gonna comply with nuttin, waiting for the 0300 knock on the door at June 06, 2025 11:18 AM (gm9Sb)

90 Stock market going nutso bananas.

But of course as soon as I say that it will go poof.

Posted by: eleven at June 06, 2025 11:18 AM (0HaGk)

91 >It's endowment is only something like 8% real estate.

I know a person who managed their real estate portfolio for years
Posted by: Lizzy at June 06, 2025 11:12 AM (F/B4x)

That's still almost 5 billion.

Posted by: polynikes at June 06, 2025 11:18 AM (VofaG)

92 81 Some people will not take 'yes' for an answer. Ya know? The billions in cash these colleges received was operating income. It was cash, it was liquid, it was spendable right then and there. The endowments are illiquid, hard to market, and have a very limited market of potential buyers. The oceans of filthy grant money meant that colleges never had to dip into their endowments. See how that works?
Posted by: Elric Blade at June 06, 2025 11:17 AM (iFTx/)

=======

Yeah, cash flow is vital.

I took one business accounting class, and I remember two things:

One: don't abbreviate assets.

Two: cash flow is the life blood of a business.

Posted by: TheJamesMadison, reflecting on change and permanence with Ozu at June 06, 2025 11:18 AM (GBKbO)

93 46 Maybe they should sell the nude photos they have of their students.

You may ask, do they have nude photos of their students?

Yes, phantom questioner, they have nude photos of their students, going back decades.
Posted by: BurtTC at June 06, 2025 11:06 AM

Supposedly that program ended at Harvard (and the other Ivies and some other schools) sometime in the '70s.

However, there *are* nude photographs of Hillary! somewhere out there because of it.
Posted by: Duncanthrax at June 06, 2025 11:11 AM (0sNs1)

Why in the wide wide world of sports would they have nude photos of their students?

Why would the students consent to this? (Intimidation?)

Posted by: Anonymous Rogue in Kalifornistan (ARiK) at June 06, 2025 11:18 AM (QGaXH)

94 11 Can I get a simple explanation why the endowment fund is mostly illiquid?

Posted by: polynikes at June 06, 2025 11:04 AM (VofaG)

Higher return expectations. Basically private companies usually can be bought for cheaper P/E than a public one. The private equity pipeline is kind of a pathway for small and medium sized businesses to grow and professionalize their accounting and such and then go public.

Posted by: Red Turban Someguy at June 06, 2025 11:18 AM (okun6)

95 I just got an email from a Cambridge Prince with a great investment offer!

Posted by: Elric Blade at June 06, 2025 11:18 AM (iFTx/)

96 They charge that huge tuition and still can't pay the staff without research grants from the gub'mint? They needed to trim staff instead of borrowing.

I might squeeze out a mild bit of dismay if Harvard goes away just because historical. But that will be offset because they've turned out so many traitors in recent decades.

Posted by: PaleRider at June 06, 2025 11:19 AM (CKOCg)

97 I'm sure Harvard could get lots of funding from Iran or China.

Posted by: BeckoningChasm at June 06, 2025 11:19 AM (WPL6O)

98 63 Can I get a simple explanation why the endowment fund is mostly illiquid?
Posted by: polynikes at June 06, 2025 11:04 AM (VofaG)

Presumably real estate or private equity stuff. Things where you can't just put in a sell order.
Posted by: I used to have a different nic at June 06, 2025 11:14 AM (ExV1e)
========
Harvard invested in funds, which are usually structured as partnerships, and the school has very limited rights in getting money back, usually only when the sponsor (or General Partner) says they can have money back.

The General Partner would only give back money when the underlying investments, ie, the companies the fund invested in, are themselves sold.

Posted by: Huck Follywood at June 06, 2025 11:19 AM (gKbPe)

99 The only real problem I have with all this is that it should be a larger discussion of NOT financing any of this shit. Anywhere.

I don't like the idea of punishing one shithole university for whatever sins one might believe they're committing. Go after the concept of taxpayers keeping all these institutions in business, without anyone who is paying for it, really knowing what they're paying for.

Posted by: BurtTC at June 06, 2025 11:13 AM (dGCAG)

Harvard is the framing device for all of the woke university sins. In a wildly blue city, in a wildly blue state, with snobby alums who desire power above all and pretty much no conservatives employed or attending at present, it makes a nice "test case" for Trump to see how much the public will support rolling back university funding and why and for what...

Posted by: Nova Local at June 06, 2025 11:19 AM (tOcjL)

100 Posted by: Mike Armstrong at June 06, 2025 11:13 AM (2AUcf)

NYC, Princeton and Philadelphia are not New England, Scogg, But you knew that) and even some schools in Mid Atlantic states had no anti Semetic Riots or protests. (My son's school didn't) Not that I think that the Ivy Lague should be subsidized and no doubt many of them are heavily influenced by DEI, but they're not all flaming centers of anti semetism

Posted by: FenelonSpoke at June 06, 2025 11:20 AM (EJtBU)

101 Meanwhile Harvard is still hiring: instapundit.com/724162/

Posted by: gKWVE at June 06, 2025 11:20 AM (gKWVE)

102 It's really a shame. I had some wonderful professors in seminary who got their M.Div or doctorates from Harvard, and were very intelligent and very articulate people of faith, but back then I did not know their politics or their politics-for the most part and it was much better than way.

Posted by: FenelonSpoke at June 06, 2025 11:10 AM (EJtBU)
---
I found out the brilliant, scripturally-ground uncle of my wife, a pastor from whom I have enjoyed many sermons was overjoyed when Obamacare passed. To make this clear, at least not from the pulpit, but from family gatherings.

It's the same man who, when my wife and I relocated to the Detroit area, advised us to find a conservative Baptist church (although he is not Baptist).

I have no doubt the man is sound in scripture. And as a marginally conservative, I can kind of see the "compassion" that sort of gets translated into this kind of politics.

Moreover, sympathy is similar in some respects--and my main contention was the way Obamacare was passed, and far out of popularity by the time it passed.

But, it still kind of struck me that he was a prog.

Posted by: Axeman at June 06, 2025 11:20 AM (krQz2)

103 Does Harvard own any precious metals? What about land?
Posted by: Alberta Oil Peon

Surely they're sitting on land stolen from Indians. Guess they're not going to do the self righteous thing and give it back.

Posted by: Drink Like Vikings at June 06, 2025 11:20 AM (BWrBh)

104 I don't like the idea of punishing one shithole university for whatever sins one might believe they're committing.

I'm way past worrying about what's fair. That ship has sailed.

Posted by: Mike Armstrong at June 06, 2025 11:20 AM (2AUcf)

105 If they care so much about the money like the good socialists they are, they ought to hang on to that capital.

It makes much better financial sense to sell the staff and students to Libyan slave traders. Big $$$$, no liquidation of physical assets, and then they don't have to provide expensive services to these human botflies.

You're welcome, Harvard.

Posted by: Yudhishthira's Dice at June 06, 2025 11:21 AM (BI5O2)

106 Why in the wide wide world of sports would they have nude photos of their students?

Why would the students consent to this? (Intimidation?)
Posted by: Anonymous Rogue in Kalifornistan (ARiK) at June 06, 2025 11:18 AM (QGaXH)

I recall reading about it some time ago. It was more or less explained, and I don't remember what the explanation was, because it made no damn sense.

Posted by: BurtTC at June 06, 2025 11:21 AM (dGCAG)

107 Yankees typically love the idea of minorities - they just hate actually having to interact with one.
Posted by: Mike Armstrong

I heard a saying from a transplanted Yankee in the South...
Southerners love blacks individually, but hate them collectively. Northerners love blacks collectively, but hate them individually.
Probably holds true for any minority.

Posted by: MkY at June 06, 2025 11:21 AM (cPGH3)

108 Oh, great article, Buck!

Posted by: MkY at June 06, 2025 11:21 AM (cPGH3)

109 A desperation sale of an illiquid asset, such as a stake in a private equity investment, is like selling a prized possession to a pawn shop

The best I can do is twenty dollars.
Posted by: Rick

It'll sit on the shelf for six months, then I'll have to pay someone to take it to auction. Then fees...

Posted by: rickb223 at June 06, 2025 11:22 AM (BuA5c)

110 Back then the evil in her soul was less evident on her body.
Posted by: Christopher R Taylor at June 06, 2025 11:15 AM (2VST1)

Ignoring, of course, Bill Clinton there on top.

Posted by: anchorbabe fashion cop at June 06, 2025 11:22 AM (ufFY8)

111 Yankees typically love the idea of minorities - they just hate actually having to interact with one.
Posted by: Mike Armstrong at June 06, 2025 11:15 AM (2AUcf)

That's not true. Just this morning I informed my maid, Maria, that I had found dust on the credenza. Dust. -- Erica van Leftysnoot

Posted by: I used to have a different nic at June 06, 2025 11:22 AM (ExV1e)

112 Those whom gods wish to destroy they first make mad, this is where Harvard is at present. It could come to its senses, apologise to the American people and fly straight from now on but I don't see that happening.

It's good that this is happening to Harvard, up to recently the best university in the world. Break it and the rest will fall into line.

Posted by: Decaf at June 06, 2025 11:22 AM (unUNN)

113 Its trying to build a nation built upon three distinct cultures. Northeast, West Coast, and everything else

Living on the West Coast, I really felt that impact traveling through the mid"west" and middle America. Portland's train station was filled with the human detritus and rainbow haired weirdos we all have come to expect. But getting into the rest of America it was like a sigh of relief, like going back in time to when things were sane.

I was amazed at how many churches were in these towns all through America. How happy people seemed and how well everyone got along.

Posted by: Christopher R Taylor at June 06, 2025 11:22 AM (2VST1)

114 99. Harvard is the framing device for all of the woke university sins. In a wildly blue city, in a wildly blue state, with snobby alums who desire power above all and pretty much no conservatives employed or attending at present, it makes a nice "test case" for Trump to see how much the public will support rolling back university funding and why and for what...
Posted by: Nova Local

👍

Posted by: L - No nic, another fine day at June 06, 2025 11:22 AM (NFX2v)

115 it makes a nice "test case" for Trump to see how much the public will support rolling back university funding and why and for what...
Posted by: Nova Local at June 06, 2025 11:19 AM (tOcjL)

I hope that's what it is.

I'm skeptical though. I mean, that makes me craaaaazy in some people's eyes, to be skeptical that it's going to lead to real change.

Posted by: BurtTC at June 06, 2025 11:22 AM (dGCAG)

116 The only real problem I have with all this is that it should be a larger discussion of NOT financing any of this shit. Anywhere.

Posted by: BurtTC at June 06, 2025 11:13 AM (dGCAG)
---
Why? Why does it have to be about finance and not about the morality of conditional acceptance of anti-semitism, when it's supposed to be already agreed that we will not tolerage anti-semitism.

Don't get me wrong--I believe the budget discussion is valid. But that doesn't make this correction invalid.

Posted by: Axeman at June 06, 2025 11:23 AM (krQz2)

117 an I get a simple explanation why the endowment fund is mostly illiquid?
Posted by: polynikes

Probably art works and real estate.

Also, at times, donations are tied to specific items (e.g. "I donate $300 million for construction and maintenance of a building named after me")
Posted by: Chuck C at June 06, 2025 11:17 AM (D0HYP)
_______

This, plus long-term bonds, PE/VC, and I think a lot of the donations and other endowment assets are essentially interests in fund that are paid out over time and not immediately fully vested. So if Idiot Billionaire Number 1 donates $300M to Hahvad, it might not be $300M in cash, but $300 in trust or a fund that pays out over time.

Posted by: Elric Blade at June 06, 2025 11:23 AM (iFTx/)

118 Well, the Gods are definitely trying to destroy me.

Posted by: eleven at June 06, 2025 11:23 AM (0HaGk)

119 I heard a saying from a transplanted Yankee in the South...
Southerners love blacks individually, but hate them collectively. Northerners love blacks collectively, but hate them individually.

I read that exact same quote years ago right here. May have got it from you. My experience in the Northeast supports it.

Southerners will shun you for actions. North-easterners will shun you just for who you are. They are, collectively, the most miserable culture I've ever been around.

Posted by: Mike Armstrong at June 06, 2025 11:23 AM (2AUcf)

120 Yeah, I think, despite the crowing in the media, the actual facts are that Harvard is going to lose.

I mean, it's obvious:
A university has a right to visas for its foreign students?
A right greater than the Secretary of State?
GTFO

Related, I'd note that lots of judges have refused to hire Columbia clerks.
And that's not changing anytime soon.
It's below the radar for the general public, but that's a huge, huge reputation blow in the legal community. That's tip-top bragging rights, the number of grads in judicial clerkships.

Posted by: People's Hippo Voice at June 06, 2025 11:23 AM (KhUhr)

121 115 I hope that's what it is.

I'm skeptical though. I mean, that makes me craaaaazy in some people's eyes, to be skeptical that it's going to lead to real change.
Posted by: BurtTC at June 06, 2025 11:22 AM (dGCAG)

======

This is all because Harvard is refusing to follow the law and SCOTUS precedent about race-blind admissions.

They could get all the money back if they promised to stop doing that.

Posted by: TheJamesMadison, reflecting on change and permanence with Ozu at June 06, 2025 11:23 AM (GBKbO)

122 Posted by: Mike Armstrong

Yes, all Yankees think the same on every possible issue and it's a lefist take- including posters here who are conservative who live in the North. Uhhh huh.

Posted by: FenelonSpoke at June 06, 2025 11:23 AM (EJtBU)

123 Some people will not take 'yes' for an answer. Ya know? The billions in cash these colleges received was operating income. It was cash, it was liquid, it was spendable right then and there. The endowments are illiquid, hard to market, and have a very limited market of potential buyers. The oceans of filthy grant money meant that colleges never had to dip into their endowments. See how that works?
Posted by: Elric Blade at June 06, 2025 11:17 AM (iFTx/)

=======

Yeah, cash flow is vital.

I took one business accounting class, and I remember two things:

One: don't abbreviate assets.

Two: cash flow is the life blood of a business.
Posted by: TheJamesMadison, reflecting on change and permanence with Ozu at June 06, 2025 11:18 AM (GBKbO)
______

And #3: debt is the killer

Posted by: Elric Blade at June 06, 2025 11:24 AM (iFTx/)

124 I don't like the idea of punishing one shithole university for whatever sins one might believe they're committing.
-------
I'm way past worrying about what's fair. That ship has sailed.
Posted by: Mike Armstrong at June 06, 2025 11:20 AM (2AUcf)

I wasn't talking about being fair.

Posted by: BurtTC at June 06, 2025 11:24 AM (dGCAG)

125 Clearly importing illiterates didn't save Harvard. Who saw that coming?
Posted by: pudinhead at June 06, 2025 11:04 AM (FmapG)

------------------

Clearly employing illiterates doesn't do much for it either.

Posted by: Decaf at June 06, 2025 11:24 AM (unUNN)

126 Block Club Chicago: The former St. Cornelius church building in Jefferson Park will soon become a pickleball club. Torrez said the church building was left almost entirely intact, with preserved stained-glass windows, light fixtures and a sanctuary that is close to 40 feet high — ideal for prayer and pickleball. June 3, 2025

Posted by: L - No nic, another fine day at June 06, 2025 11:24 AM (NFX2v)

127 120 Yeah, I think, despite the crowing in the media, the actual facts are that Harvard is going to lose.

I mean, it's obvious:
A university has a right to visas for its foreign students?
A right greater than the Secretary of State?
GTFO

Related, I'd note that lots of judges have refused to hire Columbia clerks.
And that's not changing anytime soon.
It's below the radar for the general public, but that's a huge, huge reputation blow in the legal community. That's tip-top bragging rights, the number of grads in judicial clerkships.
Posted by: People's Hippo Voice at June 06, 2025 11:23 AM (KhUhr)

=======

And, it's not just because Harvard is there. It's because of the race-blind admissions process that Harvard should be following but has been bragging about not doing for a very long time, even after SCOTUS ruled it's not allowed.

Posted by: TheJamesMadison, reflecting on change and permanence with Ozu at June 06, 2025 11:25 AM (GBKbO)

128 Illiterates are our strenght!

Posted by: eleven at June 06, 2025 11:25 AM (0HaGk)

129 This is all because Harvard is refusing to follow the law and SCOTUS precedent about race-blind admissions.

They could get all the money back if they promised to stop doing that.

Posted by: TheJamesMadison, reflecting on change and permanence with Ozu at June 06, 2025 11:23 AM (GBKbO)

Well, not just that...they are blowing off a lot of other laws, too...

Posted by: Nova Local at June 06, 2025 11:25 AM (tOcjL)

130 Texas has a 24 billion dollar rainy day fund. I hope its not set up like endowments.

Posted by: polynikes at June 06, 2025 11:25 AM (VofaG)

131 Why? Why does it have to be about finance and not about the morality of conditional acceptance of anti-semitism, when it's supposed to be already agreed that we will not tolerage anti-semitism.

Don't get me wrong--I believe the budget discussion is valid. But that doesn't make this correction invalid.
Posted by: Axeman at June 06, 2025 11:23 AM (krQz2)

I don't really care about their morality.

People have every right to be as anti-semitic as they want. Just not with my tax dollars.

Posted by: BurtTC at June 06, 2025 11:25 AM (dGCAG)

132 I'm way past worrying about what's fair. That ship has sailed.
Posted by: Mike Armstrong at June 06, 2025 11:20 AM (2AUcf)
---
But it *is* fair, if applied in a fair way. And I see no reason why Trump *wouldn't* apply it the same way.

If this is overreach by Trump, than I don't want it anyway. But as long as this is a function of a vigorous executive, I'm 100% fine with it.

Chanting that Jews better "run and hide" in a supposedly "progressive" America?!

That's fuckin' nuts.

Posted by: Axeman at June 06, 2025 11:25 AM (krQz2)

133 Block Club Chicago: The former St. Cornelius church building in Jefferson Park will soon become a pickleball club. Torrez said the church building was left almost entirely intact, with preserved stained-glass windows, light fixtures and a sanctuary that is close to 40 feet high — ideal for prayer and pickleball. June 3, 2025
Posted by: L - No nic, another fine day at June 06, 2025 11:24 AM (NFX2v)

Pickleball? That's so lame. How abut an indoor shooting range? Pew, pew, pew!

Posted by: Alberta Oil Peon at June 06, 2025 11:26 AM (WUoYt)

134 I know it's only anecdotal, but every single Harvard grad I have ever known was a complete douchebag.

Especially you, Bryan G.

Posted by: Boom at June 06, 2025 11:26 AM (qUkBO)

135 Harvard was founded 1636 on the site of "Newtowne". That is so mindbogglingly early (by English colonial standards) they may got the land from the local Massachusett nation legally. The town was still buying land from them in 1639.

Posted by: gKWVE at June 06, 2025 11:26 AM (gKWVE)

136 90 Stock market going nutso bananas.

-

Wouldn’t call up 1% nutso bananas. But it was a good jobs report and “the street” is happy. Until Trump says something about 100% Tarriffs on Chinese something or other then they’ll be sad again.

And such is the circle of life.

Posted by: Its Go Time Donald at June 06, 2025 11:26 AM (NDtFP)

137 This is money needed to ensure staff gets paid and the lights remain on as the historical operating cash flow from donors and government has dried up.

This Friday started out pretty good but looks like it's getting better and better!

Posted by: kallisto at June 06, 2025 11:26 AM (dCxaZ)

138 The biggest problem we have, as a nation, isn't the debt or the declining empire. Its trying to build a nation built upon three distinct cultures. Northeast, West Coast, and everything else.
Posted by: Mike Armstrong at June 06, 2025 11:18 AM (2AUcf)

The biggest problem we have, as a nation, isn't the debt or the declining empire. Its robbing everything else blind to prop up the 'elites' in the Northeast and West Coast and try to make their idiotic ideas work.

Posted by: I used to have a different nic at June 06, 2025 11:26 AM (ExV1e)

139 All this also assumes that Hahvad's endowment is properly valued. I doubt that assumption. I assume to the contrary that it's inflated -- perhaps significantly so -- because having huge endowments is a badge of honor among colleges, it increases their "rankings," and helps attract rich students and even more benefactors.

Posted by: Elric Blade at June 06, 2025 11:27 AM (iFTx/)

140 This is all because Harvard is refusing to follow the law and SCOTUS precedent about race-blind admissions.

They could get all the money back if they promised to stop doing that.
Posted by: TheJamesMadison, reflecting on change and permanence with Ozu at June 06, 2025 11:23 AM (GBKbO)

There's still this basic divide in the so-called MAGA movement.

Some who want to reform the institutions. Some who believe there's nothing to reform, that the rot is complete, and they must be destroyed.

Posted by: BurtTC at June 06, 2025 11:27 AM (dGCAG)

141 I heard a saying from a transplanted Yankee in the South...
Southerners love blacks individually, but hate them collectively.

I have met guys like that. They love their black buddy but have nothing but ill things to say about black people. It is... confusing. Same with black guys with their white friends and hating white people. Asians with everyone including other asians.

Posted by: Christopher R Taylor at June 06, 2025 11:27 AM (2VST1)

142 But getting into the rest of America it was like a sigh of relief, like going back in time to when things were sane.

I work all over the US and some beyond. And yes, I've seen what you've seen. With a few exceptions.

Denver and Ft. Collins are gone now. Sacramento and north are fine until you hit Portland, as you say. And everything else in Oregon and Washington not named Seattle or Portland are just fine.

Now draw that line from DC to Philly to NYC - and just stay south of it.

Posted by: Mike Armstrong at June 06, 2025 11:27 AM (2AUcf)

143 I don't really care about their morality.

People have every right to be as anti-semitic as they want. Just not with my tax dollars.
Posted by: BurtTC at June 06, 2025 11:25 AM (dGCAG)
---
There you go.

You're beholden to the powers that be when you take government money (while sitting on billions).

But, society will care about morality. And you have to build a larger coalition than quasi-libertarians. In a republic or in a "democracy".

Posted by: Axeman at June 06, 2025 11:27 AM (krQz2)

144 I took one business accounting class, and I remember two things:

One: don't abbreviate assets.

Cuz then you've got a column labeled ass?

Posted by: I used to have a different nic at June 06, 2025 11:27 AM (ExV1e)

145
In offloading some of its illiquid private equity investments, Harvard may be counting on finding a “greater fool” who wants to bask in the glow of being a partner with Harvard in its exclusive investment club.

-----

Shut up!

Posted by: Harvard, Sweating and Shaking at June 06, 2025 11:28 AM (ES1Rb)

146 Fen, generalizations and prejudices are real, and oftentimes for real reasons. Doesn't hold true for every situation, but in general...
You ever drive around Asians on the west coast?
Yargh!

Posted by: MkY at June 06, 2025 11:28 AM (cPGH3)

147 Wouldn’t call up 1% nutso bananas. But it was a good jobs report and “the street” is happy. Until Trump says something about 100% Tarriffs on Chinese something or other then they’ll be sad again.

And such is the circle of life.
Posted by: Its Go Time Donald at June 06, 2025 11:26 AM (NDtFP)

LOL

Posted by: polynikes at June 06, 2025 11:28 AM (VofaG)

148 Harvard is the "Spock's Brain" of Burger King onion rings.

Posted by: BeckoningChasm at June 06, 2025 11:28 AM (WPL6O)

149 So I won't comment on the stock market anymore.

But the Raiders are really going to suck this year.

Posted by: eleven at June 06, 2025 11:28 AM (0HaGk)

150 Burger King is straight diarrhea.

Posted by: eleven at June 06, 2025 11:29 AM (0HaGk)

151 Didn't the Saudis give Harvard a ton of money years back for Islamic Studies or something?

You misspelled "kissing Islamic ass".

Posted by: Archimedes at June 06, 2025 11:29 AM (s8j++)

152 Stock market going nutso bananas.

-

Wouldn’t call up 1% nutso bananas. But it was a good jobs report and “the street” is happy. Until Trump says something about 100% Tarriffs on Chinese something or other then they’ll be sad again.

And such is the circle of life.
Posted by: Its Go Time Donald at June 06, 2025 11:26 AM (NDtFP)
_______

That, and the market took a bit of a emotional nosedive yesterday in the wake of the Trump-Musk battle royal. I think it would have finished up a little if not for that.

Posted by: Elric Blade at June 06, 2025 11:29 AM (iFTx/)

153 I saw Nutso Bananas open for The Banana Splits on TV one Saturday.

Posted by: Captain Obvious, Laird o' the Sea at June 06, 2025 11:29 AM (6YdsJ)

154
There's still this basic divide in the so-called MAGA movement.

Some who want to reform the institutions. Some who believe there's nothing to reform, that the rot is complete, and they must be destroyed.

Posted by: BurtTC at June 06, 2025 11:27 AM (dGCAG)

And those who don't care one way or the other as long as their money isn't supporting it and it's all Americans screwing around there...

Posted by: Nova Local at June 06, 2025 11:29 AM (tOcjL)

155 Fine topic, fine post, fine comments, but there is an auto carrier ship aflame in the Pacific, due to EVs.

Maybe next Friday at 11AM EDT.

Posted by: Fire Bug Fred at June 06, 2025 11:29 AM (G5+As)

156 My favorite part about this is, they are borrowing money and selling crown jewels to cover the payroll of ... administrators.

Not professors, not researchers, not even TAs--the bottom rung that produces nothing of value.
Eating your seed corn to avoid any layoffs or downsizing.

If that doesn't make sense to you, it's because you didn't go to Harvard.

Posted by: People's Hippo Voice at June 06, 2025 11:29 AM (KhUhr)

157 Maybe Harvard should get a Go Fund Me account?

Posted by: pudinhead at June 06, 2025 11:30 AM (FmapG)

158 The great thing about Harvard picking this fight with the Trump administration is that all other similarly situated schools are necessarily feeling big heat. Cornell, for example, is in somewhat of a crisis because the 'overhead" portion of government research grants covered a chunk of university staffing costs. Scientists themselves might be able to raise research money to replace the government research grants they previously got, but those grants do not extend to covering university overhead costs (as government grants do).

The rumor is they are scrambling in Ithaca.

Posted by: Huck Follywood at June 06, 2025 11:30 AM (Qj9Hz)

159 You ever drive around Asians on the west coast?
Yargh!
Posted by: MkY at June 06, 2025 11:28 AM (cPGH3)

LOL
My experience driving in Vegas rates this statement as TRUE.

Posted by: Deplorable Ian Galt at June 06, 2025 11:30 AM (ufFY8)

160 MacDonalds , while frowned upon by the Hoi Polloi is actually quite good.

As is Taco Bell.

Posted by: eleven at June 06, 2025 11:30 AM (0HaGk)

161 Trump is not taking this breakup well.

https://shorturl.at/aF1Dn

Posted by: Anonosaurus Wrecks, And You're Not at June 06, 2025 11:30 AM (L/fGl)

162 156 My favorite part about this is, they are borrowing money and selling crown jewels to cover the payroll of ... administrators.

Not professors, not researchers, not even TAs--the bottom rung that produces nothing of value.
Eating your seed corn to avoid any layoffs or downsizing.

If that doesn't make sense to you, it's because you didn't go to Harvard.
Posted by: People's Hippo Voice at June 06, 2025 11:29 AM (KhUhr)

=====

Harvard exists to employ the administrators.

It's the only explanation.

Posted by: TheJamesMadison, reflecting on change and permanence with Ozu at June 06, 2025 11:30 AM (GBKbO)

163 139 All this also assumes that Hahvad's endowment is properly valued. I doubt that assumption. I assume to the contrary that it's inflated -- perhaps significantly so -- because having huge endowments is a badge of honor among colleges, it increases their "rankings," and helps attract rich students and even more benefactors.

Posted by: Elric Blade at June 06, 2025 11:27 AM (iFTx/)

Harvard shouldn't really have much control over the valuations of their private markets portfolio, it'd be whatever the managers they invest with report it as(nominally independently audited/appraised).

The managers have an incentive to inflate things for higher fees and better fundraising of new funds though.

Posted by: Red Turban Someguy at June 06, 2025 11:31 AM (okun6)

164 >>The only real problem I have with all this is that it should be a larger discussion of NOT financing any of this shit. Anywhere.

>>Why? Why does it have to be about finance and not about the morality of conditional acceptance of anti-semitism, when it's supposed to be already agreed that we will not tolerage anti-semitism.

Feels like the two are related: Harvard can be as toxic as it wants, churn out little activist Commies and confer prestige on their selection of professors precisely because they don't have to worry about money. Having the billions from the government makes them impervious to boycotts, criticism, lawsuits, etc. - they never have to feel any pain/consequences, and instead have great power from billions.

Stripping the money - or holding out until they shape up on campus activism and open Jew hatred on campus is an excellent tool, one of many.

Posted by: Lizzy at June 06, 2025 11:31 AM (F/B4x)

165 Harvardo delenda est.

The first of many ...

Posted by: ShainS -- This comment killed 300,000 people, over 200,000 of them children at June 06, 2025 11:31 AM (dqrQc)

166 They can sell naming rights. "Harvard University presented by Anheuser Busch, 'This Bud's for You". Or to bring back a a classic, "Harvard University presented by Phillip-Morris, 'Welcome to Marlboro Country'". Possibilities are endless.

The Xi Center for the Arts.
Posted by: Lizzy at June 06, 2025 11:16 AM (F/B4x)

--------------------

Don't forget the Hamas Faculty.

Posted by: Decaf at June 06, 2025 11:31 AM (unUNN)

167 I know I get laughed at every time I bring this up, but Marx has a role for the secular capitalist and the libertarian.

It's to grind "value" down to a monetary sum.

The next step is the awakening to the arbitrariness of this apportion of value and to assign the individual as the until of value which will have a wider appeal, to those who feel "undervalued".

Libertarianism cannot withstand Marxism, especially because libertarians are too purist to form a wider coalition. Meanwhile they grind the value of everything to a market.

Re-invigorated intellectual traditionalism is the only way to counter Marxism, because you reinforce societal values. And don't make taste and market the arbiters.

Posted by: Axeman at June 06, 2025 11:32 AM (krQz2)

168 Texas has a 24 billion dollar rainy day fund. I hope its not set up like endowments.
Posted by: polynikes at June 06, 2025 11:25 AM (VofaG)

I used to have a source I could ask but they don't work there anymore.

Posted by: I used to have a different nic at June 06, 2025 11:32 AM (ExV1e)

169 But the Raiders are really going to suck this year.
--------------
Can they beat the Giants?

Posted by: pudinhead at June 06, 2025 11:32 AM (FmapG)

170 Denver and Ft. Collins are gone now. Sacramento and north are fine until you hit Portland, as you say. And everything else in Oregon and Washington not named Seattle or Portland are just fine.

Yeah, rural Oregon, especially eastern is just fine but there's a different feel in middle America. I can't really define it but it just feels like people are happier and more comfortable. And while Chicago is hellish in a lot of ways, I spent several days there and I never saw a single one of the mutants that swarm Portland.

Posted by: Christopher R Taylor at June 06, 2025 11:32 AM (2VST1)

171 Private colleges should get no govt funding. Period.

Posted by: Its Go Time Donald at June 06, 2025 11:32 AM (NDtFP)

172 And those who don't care one way or the other as long as their money isn't supporting it and it's all Americans screwing around there...
Posted by: Nova Local at June 06, 2025 11:29 AM (tOcjL)

From what I can see though, the Save the Institutions crowd is mostly in charge, and they'll get right back to funding things with our money, as soon as they decide they like the bias they're getting.

Posted by: BurtTC at June 06, 2025 11:32 AM (dGCAG)

173 This is all because Harvard is refusing to follow the law and SCOTUS precedent about race-blind admissions.

They could get all the money back if they promised to stop doing that.
Posted by: TheJamesMadison, reflecting on change and permanence with Ozu at June 06, 2025 11:23 AM (GBKbO)
===================
This is the essential point.

Posted by: Huck Follywood at June 06, 2025 11:33 AM (Qj9Hz)

174 Trump is not taking this breakup well.

https://shorturl.at/aF1Dn
Posted by: Anonosaurus Wrecks, And You're Not at June 06, 2025 11:30 AM (L/fGl)

That was hilariously awesome.

Perfect example of the difference between the Left and Right. WE can laugh at ourselves.

Posted by: polynikes at June 06, 2025 11:33 AM (VofaG)

175 MacDonalds , while frowned upon by the Hoi Polloi is actually quite good.

As is Taco Bell.

Neither taste nearly as good as they used to, though.

Posted by: Christopher R Taylor at June 06, 2025 11:33 AM (2VST1)

176 Yeah, rural Oregon, especially eastern is just fine but there's a different feel in middle America.
-----------
Cockroaches from Portland have infected Bend, sadly.

Posted by: Captain Obvious, Laird o' the Sea at June 06, 2025 11:33 AM (6YdsJ)

177 Trump is not taking this breakup well.

https://shorturl.at/aF1Dn
Posted by: Anonosaurus Wrecks, And You're Not at June 06, 2025 11:30 AM (L/fGl)

Well it was either that, or he'd be standing under Elon's window, holding a boombox.

Posted by: BurtTC at June 06, 2025 11:33 AM (dGCAG)

178 "But the Raiders are really going to suck this year.
--------------
Can they beat the Giants?
Posted by: pudinhead"

I am absolutely certain the 2025 Raiders would beat the San Francisco Giants at American football.

Posted by: eleven at June 06, 2025 11:34 AM (0HaGk)

179 Here's a thought - if the stereotype doesn't apply to you, then don't worry about the stereotype.

But as I've said forever, and others have said in the last few months, stereotypes exist for a reason. Because groups, as a group, absolutely exhibit trends - and those trends are noticeable.

Don't like it ? Then don't be the stereotype.

Posted by: Mike Armstrong at June 06, 2025 11:34 AM (2AUcf)

180 172 And those who don't care one way or the other as long as their money isn't supporting it and it's all Americans screwing around there...
Posted by: Nova Local at June 06, 2025 11:29 AM (tOcjL)

From what I can see though, the Save the Institutions crowd is mostly in charge, and they'll get right back to funding things with our money, as soon as they decide they like the bias they're getting.

Posted by: BurtTC at June 06, 2025 11:32 AM (dGCAG)

3.5 years still to go...and Harvard keeps trying to push folks out of that side as they continue their obstinance...

Plus, it's like liberals turning the screw...is this the end goal or the 1st step for our side...

Posted by: Nova Local at June 06, 2025 11:34 AM (tOcjL)

181 As I keep saying, REPUTATION is the coin of the realm in Higher Education.

Everyone wants to achieve the top spot in the U.S. News and World Report rankings.

Harvard's fall is Yale's (or whomever's) gain.

Posted by: "Perfessor" Squirrel at June 06, 2025 11:34 AM (7fElN)

182 173 This is all because Harvard is refusing to follow the law and SCOTUS precedent about race-blind admissions.

They could get all the money back if they promised to stop doing that.
Posted by: TheJamesMadison, reflecting on change and permanence with Ozu at June 06, 2025 11:23 AM (GBKbO)
===================
This is the essential point.
Posted by: Huck Follywood at June 06, 2025 11:33 AM (Qj9Hz)

======

Harvard is breaking the law. Harvard has been breaking the law for a long time. Many other colleges have also been breaking the law, but Harvard is THE college in many people's minds, and it's a major example to target and highlight.

If the Trump administration can do this to Harvard, with its cultural cache and powerful friends, it can do it to Texas A&M.

It's applied Alinsky against the system run by the left.

Posted by: TheJamesMadison, reflecting on change and permanence with Ozu at June 06, 2025 11:34 AM (GBKbO)

183 The impossible dream.

Karine Jean-Pierre Wanted to Be a Co-Host on "The View" After Exiting Biden White House

Posted by: Anonosaurus Wrecks, And You're Not at June 06, 2025 11:35 AM (L/fGl)

184 VOTE VANCE!

Posted by: Sid at June 06, 2025 11:35 AM (m2tBR)

185 I have met guys like that. They love their black buddy but have nothing but ill things to say about black people. It is... confusing. Same with black guys with their white friends and hating white people. Asians with everyone including other asians.
Posted by: Christopher R Taylor at June 06, 2025 11:27 AM (2VST1)

With certain exceptions... the members of other demographic groups who tend to make problems for your demographic group get the most notice. So, in your mind, that group is bad. But not Tom, I know Tom, he's a good guy.

Posted by: I used to have a different nic at June 06, 2025 11:35 AM (ExV1e)

186 Feels like the two are related: Harvard can be as toxic as it wants, churn out little activist Commies and confer prestige on their selection of professors precisely because they don't have to worry about money. Having the billions from the government makes them impervious to boycotts, criticism, lawsuits, etc. - they never have to feel any pain/consequences, and instead have great power from billions.

The money is part of it, but it's really about making Harvard live by the rules they impose on everyone else. Don't like Jews? Tough. The CRA forbids discrimination. Don't like conservatives? Tough. You're the ones who say the only explanation for a variation from strict population representation is bigotry, and that must be stamped out with all the tools at the government's disposal, so hire them regardless of qualifications. Sauce for the goose, you pompous pecksniffs.

Posted by: Archimedes at June 06, 2025 11:35 AM (s8j++)

187 That represents a $13 billion book loss that has already occurred to Harvard’s legendary endowment.

-------------

Maybe Elon can bail them out to spite Trump.

/Please tell me their spat is a Planned PsyOp ...

Posted by: ShainS at June 06, 2025 11:35 AM (dqrQc)

188 And everything else in Oregon and Washington not named Seattle or Portland are just fine.

—

Spokane is a shithole as well. Used to be a nice mid sized city. But it’s taken a sharp turn to the left recently with migration from Seattle as well as mucho mucho diversity from south of the border and “refugees”.

Full of homeless drug addicts now and soaring crime rate.

Posted by: Its Go Time Donald at June 06, 2025 11:35 AM (NDtFP)

189 "Neither taste nearly as good as they used to, though.
Posted by: Christopher R Taylor"

McD is putting too much salt in everything.

Posted by: eleven at June 06, 2025 11:35 AM (0HaGk)

190 Universities are the ideal place to do research in many, many areas. Often things that our government finds important (vaccine safety, for example).
The rub was the enormous overhead they required to fund the research.

Posted by: MkY at June 06, 2025 11:36 AM (cPGH3)

191 By the way, remember Emily Sommer, that woman who spit on a US Attorney? She was released on no bail and immediately broke her bond by contacting Martin to threaten him, calling him a “cracka” and a “jive turkey redneck.”

I mean... I gotta respect the use of Jive Turkey.

Posted by: Christopher R Taylor at June 06, 2025 11:36 AM (2VST1)

192 MacDonalds , while frowned upon by the Hoi Polloi is actually quite good.

As is Taco Bell.

Neither taste nearly as good as they used to, though.
Posted by: Christopher R Taylor at June 06, 2025 11:33 AM (2VST1)

McDonalds has held up better than Taco Bell imo.

their mystery meat sucks big time. Before you could tell it was ground beef . Now I don't know what the hell it is.

Posted by: polynikes at June 06, 2025 11:36 AM (VofaG)

193 But every chain restaurant is putting too much salt in everything.

Posted by: eleven at June 06, 2025 11:36 AM (0HaGk)

194 And while Chicago is hellish in a lot of ways, I spent several days there and I never saw a single one of the mutants that swarm Portland.

Agreed. Honestly - if you could just take that DC / Philly / NYC line and make it a different political entity ... then take San Francisco and south make it a different entity ... places like Chicago and Seattle wouldn't bend the needle much. Portland would still be a problem.

I don't know why anyone normal stays in Portland.

Posted by: Mike Armstrong at June 06, 2025 11:36 AM (2AUcf)

195 181 As I keep saying, REPUTATION is the coin of the realm in Higher Education.

Everyone wants to achieve the top spot in the U.S. News and World Report rankings.

Harvard's fall is Yale's (or whomever's) gain.

Posted by: "Perfessor" Squirrel at June 06, 2025 11:34 AM (7fElN)

Probably Princeton's...Yale has already started to free fall thanks to their students...

Posted by: Nova Local at June 06, 2025 11:36 AM (tOcjL)

196 184 Yeah, looks like the recession is starting
-

Totally dude. That’s why unemployment is 4.2% and income for workers has grown at the highest level in 10 years during the first 4 months of 2025.

You’re really smart.

Posted by: Its Go Time Donald at June 06, 2025 11:37 AM (NDtFP)

197 Marx argues that all values are "arbitrary".

Intellectual dialogue asks him back: "It seems you attribute some value to not being arbitrary". Is there an innate value in not being arbitrary, or is the rigor against arbitrariness only "arbitrary".

Marx has nothing to say except to make a special plea for non-arbitrariness. Which is sort of arbitrary, if I can ask them what is so wrong with being arbitrary.

The fact is, is it is instinctual in a post-Christian-expansion world to know that being arbitrary is not good.

Marx was a counterfeit "materialist" anyway.

Nonetheless, it is only by challenging the arbitrariness of some sort of value system that can correct the nihilistic nomadism of Marxists.

Posted by: Axeman at June 06, 2025 11:38 AM (krQz2)

198 Cockroaches from Portland have infected Bend, sadly.

Bend got a big injection of Californication as well. But Salem is almost lost and Eugene has been insane for ages.

Posted by: Christopher R Taylor at June 06, 2025 11:38 AM (2VST1)

199 Stripping the money - or holding out until they shape up on campus activism and open Jew hatred on campus is an excellent tool, one of many.
Posted by: Lizzy at June 06, 2025 11:31 AM (F/B4x)

It's that word "until" that gets me.

I don't want institutions to be redesigned in the "conservative" image. Or traditional, or whatever one calls it.

I want a society that doesn't take money from one person, and gives it to ANYONE. Then you can have your arguments about morality in the public square, without government putting its thumb on the scale.

Posted by: BurtTC at June 06, 2025 11:38 AM (dGCAG)

200 Texas has a 24 billion dollar rainy day fund. I hope its not set up like endowments.

Unfortunately, the people who run UT aren't typical Texans. They act more like the rest of the education establishment because they want UT to be the equivalent of an Ivy.

Posted by: Archimedes at June 06, 2025 11:38 AM (s8j++)

201 Good news this.

Harvard is a haven of scum and villainy.

Maybe we Christians can take it back after it get destroyed, and rebuild an actual institution of Christian higher learning.

Posted by: Eric2 at June 06, 2025 11:38 AM (q7Vou)

202 One recent article I read felt it necessary to include "Harvard, America's oldest university" as if that added something important, like it's a living, breathing being.

Posted by: People's Hippo Voice at June 06, 2025 11:39 AM (KhUhr)

203 I have met guys like that. They love their black buddy but have nothing but ill things to say about black people. It is... confusing. Same with black guys with their white friends and hating white people. Asians with everyone including other asians.
Posted by: Christopher R Taylor at June 06, 2025 11:27 AM (2VST1)

With certain exceptions... the members of other demographic groups who tend to make problems for your demographic group get the most notice. So, in your mind, that group is bad. But not Tom, I know Tom, he's a good guy.
Posted by: I used to have a different nic at June 06, 2025 11:35 AM (ExV1e)

Yeah the crime stats may have something to do with it.

Whites don't embrace the trailer park meth heads either as a group just because they are white.

Posted by: polynikes at June 06, 2025 11:39 AM (VofaG)

204
Psycho alpha disco beta bio Harvard Doom Loop

Posted by: ... at June 06, 2025 11:40 AM (o1bd3)

205 It's been reported that universities use ~40% of research grant money on "administration." For Harvard, it was closer to 70% iirc. These institutions had set it up like so many of those USAID NGOs: they ask for and receive money to do "noble" things (cure cancer! feed children!), but then used a large portion of it to fund themselves.

Posted by: Lizzy at June 06, 2025 11:40 AM (F/B4x)

206 If Harvard just bought safe boring bonds that return 3% they’d never have to worry.

But that’s boring man. It’s much sexier to invest in shady PE and hedge funds. And hard to justify a $5M management fee for investing in bonds.

Posted by: Its Go Time Donald at June 06, 2025 11:40 AM (NDtFP)

207 But every chain restaurant is putting too much salt in everything.

Posted by: eleven at June 06, 2025 11:36 AM (0HaGk)
---
Unless you have hypertension and/or don't balance it out by intrinsic electrolytes, there is no such thing.

Salt pulls water outside of cells, so you need magnesium and potassium and (I think) selenium minerals that are stored in cells to pull water into them.

But salt retains water which isn't good for the scale, but not the worst for hydration.

Posted by: Axeman at June 06, 2025 11:40 AM (krQz2)

208 177
‘ Well it was either that, or he'd be standing under Elon's window, holding a boombox.’

“In your eyes….”
“In your eyes….”

Posted by: Dr. Claw at June 06, 2025 11:40 AM (jbnUc)

209 I want a society that doesn't take money from one person, and gives it to ANYONE. Then you can have your arguments about morality in the public square, without government putting its thumb on the scale.

Posted by: BurtTC at June 06, 2025 11:38 AM (dGCAG)

That requires a broad moral consensus. We don't even have a broad moral consensus on direct looting anymore.

Posted by: Red Turban Someguy at June 06, 2025 11:41 AM (okun6)

210 It's been reported that universities use ~40% of research grant money on "administration." For Harvard, it was closer to 70% iirc.

Posted by: Lizzy at June 06, 2025 11:40 AM (F/B4x)
---
Which I read as DEI.

DEI is an organizational virus. It makes the host produce DEI rather than its social purpose.

Posted by: Axeman at June 06, 2025 11:42 AM (krQz2)

211 "But salt retains water which isn't good for the scale, but not the worst for hydration.
Posted by: Axeman "

But the thing is...too much salt is too salty.

Posted by: eleven at June 06, 2025 11:42 AM (0HaGk)

212 Posted by: Archimedes at June 06, 2025 11:38 AM (s8j+

Im not talking about UT which has a 48 billion dollar endowment. Im talking about the State of Texas.

Posted by: polynikes at June 06, 2025 11:42 AM (VofaG)

213 It's been reported that universities use ~40% of research grant money on "administration." For Harvard, it was closer to 70% iirc. These institutions had set it up like so many of those USAID NGOs: they ask for and receive money to do "noble" things (cure cancer! feed children!), but then used a large portion of it to fund themselves.
Posted by: Lizzy at June 06, 2025 11:40 AM (F/B4x)

Well USAID is a front for the CIA. I would imagine, to some extent, so is Harvard.

Posted by: BurtTC at June 06, 2025 11:42 AM (dGCAG)

214 their mystery meat sucks big time. Before you could tell it was ground beef . Now I don't know what the hell it is.

Sawdust and gnome testicles or something. I am sure that it contains some beef at least before its shipped frozen to the franchisees.

I get it, food prices have skyrocketed, and personnel prices are insane. They gotta cut costs somewhere, because there is an absolute limit to how much someone will pay for a wafer-thin burger and wilted lettuce. But dang the quality has suffered.

Posted by: Christopher R Taylor at June 06, 2025 11:42 AM (2VST1)

215 But the thing is...too much salt is too salty.
Posted by: eleven at June 06, 2025 11:42 AM (0HaGk)
----------
Mind.

Blown.

Posted by: Captain Obvious, Laird o' the Sea at June 06, 2025 11:42 AM (6YdsJ)

216 Universities are the ideal place to do research in many, many areas. Often things that our government finds important (vaccine safety, for example).
The rub was the enormous overhead they required to fund the research.
Posted by: MkY at June 06, 2025 11:36 AM (cPGH3)

A bigger rub is that the government went from wanting THE answer to a question to wanting THIS answer to the question and researchers were happy to oblige.

Posted by: I used to have a different nic at June 06, 2025 11:42 AM (ExV1e)

217 I want a society that doesn't take money from one person, and gives it to ANYONE. Then you can have your arguments about morality in the public square, without government putting its thumb on the scale.

You'll never get it - because too many people just want to do good.

Seriously - the foot soldiers for the left aren't getting a personal payout. They honestly just look at "good and bad" so much differently than you or I.

And make no mistake - if Trump somehow ushered in a 1000 Year Golden Scalp Weasel Age ? It would take less that 20 before all the "do gooders" on the Right started making your life equally miserable. For your own good.

They just don't bother you right now because they can't. They've been locked out of the levers of political and social power for decades. Pretty much my entire lifetime.

But I can throw my lot in wit them for now ... just because they have so far to go before they become the bigger problem. And given their general lack of will ? I doubt they ever get there.

Posted by: Mike Armstrong at June 06, 2025 11:42 AM (2AUcf)

218 Could NOT happen to nicer people.

Schadenfreude ist die reinste Freude….

Posted by: SouthcentralPA at June 06, 2025 11:43 AM (LrDsJ)

219 This is all because Harvard is refusing to follow the law and SCOTUS precedent about race-blind admissions.

They could get all the money back if they promised to stop doing that.
Posted by: TheJamesMadison, reflecting on change and permanence with Ozu at June 06, 2025 11:23 AM (GBKbO)
===================
This is the essential point.
Posted by: Huck Follywood at June 06, 2025 11:33 AM (Qj9Hz)
_________

Also because Hahvad refuses to release data on foreign students and their dossiers and disciplinary records. This would seem like a no-brainer for the college to release. But it no doubt shows how many far-left radical and violent anti-American and anti-Jew antifa-type scumbags are in the foreign student class. So Hahvad refuses to release the data.

Posted by: Elric Blade at June 06, 2025 11:43 AM (iFTx/)

220 Wait until the class action suits for discriminating against Asians hit.

Posted by: Bilwis Devourer of Innocent Souls, I'm starvin' over here at June 06, 2025 11:43 AM (pIfcn)

221 That requires a broad moral consensus. We don't even have a broad moral consensus on direct looting anymore.
Posted by: Red Turban Someguy at June 06, 2025 11:41 AM (okun6)

It took years to convince Americans to think "the government should fix this" to every problem they saw.

It's going to take years to break them of the habit, but that's what I would aim for.

Posted by: BurtTC at June 06, 2025 11:43 AM (dGCAG)

222 >>It's that word "until" that gets me.

I don't want institutions to be redesigned in the "conservative" image. Or traditional, or whatever one calls it.

Not finding a problem with that. As commented above, this has become similar to the USAID and other NGO scams.

Money in fungible. If the government gives them money for noble things, it frees up other money to do wicked things (see Planned Parenthood funding).

Posted by: Lizzy at June 06, 2025 11:44 AM (F/B4x)

223 For just 69 cents a day, you can help keep Harvard's doors open and help poor professors score with unsuspecting undergrads.

69 cents a day.

Won't you help Harvard's profs prey on students?

Posted by: Stateless.. 18% - mental state clawing up from 10%, shit happened, clawing back now at June 06, 2025 11:44 AM (jvJvP)

224 219 Also because Hahvad refuses to release data on foreign students and their dossiers and disciplinary records. This would seem like a no-brainer for the college to release. But it no doubt shows how many far-left radical and violent anti-American and anti-Jew antifa-type scumbags are in the foreign student class. So Hahvad refuses to release the data.
Posted by: Elric Blade at June 06, 2025 11:43 AM (iFTx/)

======

Harvard is willing to lose literally billions of dollars for these people.

Think these people value Harvard that much?

Posted by: TheJamesMadison, reflecting on change and permanence with Ozu at June 06, 2025 11:44 AM (GBKbO)

225 In a perfect world, the Texas Rainy Day Fund would be a salt mine containing the world's largest ammo dump.

Posted by: bill in arkansas, not gonna comply with nuttin, waiting for the 0300 knock on the door at June 06, 2025 11:44 AM (gm9Sb)

226 But the thing is...too much salt is too salty.

Well that is the deal. The science on salt and blood pressure is sketchy at best (started by a guy who had an insane hatred of salt, no joke) but there is a limit at which it starts hurting flavor.

Posted by: Christopher R Taylor at June 06, 2025 11:44 AM (2VST1)

227 These institutions had set it up like so many of those USAID NGOs: they ask for and receive money to do "noble" things (cure cancer! feed children!), but then used a large portion of it to fund themselves.
Posted by: Lizzy at June 06, 2025 11:40 AM (F/B4x)

This describes pretty much every charity. For every $1 donated 70-80 cents goes to admin. Including $500k salaries for executives.

And then of the 20 cents that’s left over? Many times that amount is given to another “charity” which takes 70-80% off the top.

It’s all a giant grift.

Posted by: Its Go Time Donald at June 06, 2025 11:44 AM (NDtFP)

228 I saw the Pompous Pecksniffs open for Ödorhead at O2 City Hall in '81.

Posted by: ShainS at June 06, 2025 11:44 AM (dqrQc)

229 Just when you think you're doing great and kicking ass...

Captain Obvious gets you.

Posted by: eleven at June 06, 2025 11:44 AM (0HaGk)

230 But the Raiders are really going to suck this year.
--------------
Can they beat the Giants?
Posted by: pudinhead at June 06, 2025 11:32 AM (FmapG)

I see the Raiders as much better this year. A good coach in Pete Carroll. A big upgrade at QB; Gino Smith ain’t no Tom Brady but pretty good. And the rookie RB is awesome. The D was already good. Their problem is they’re in the same division with KC Chargers and Broncos all of which are also quite good

Posted by: LinusVanPelt at June 06, 2025 11:44 AM (5MZNC)

231 Harvard is breaking the law. Harvard has been breaking the law for a long time. Many other colleges have also been breaking the law, but Harvard is THE college in many people's minds, and it's a major example to target and highlight.
---
yup.
Lotta schools coast behind "Harvard does it this-a-way."

And you know why Trump really, really needs to goad Harvard into a nasty, personal fight?

Because it'll be grounds to demand recusal of a whole lot of the Clown Judges.

Posted by: People's Hippo Voice at June 06, 2025 11:45 AM (KhUhr)

232 Buck, you have to believe there are enough Harvard alumni working on Wall Street that someone will get through to the Corporation and figure out a rescue package.

The fundamental problem is, the leadership of Harvard live in a Cambridge bubble and have no idea how bad their actions look to the rest of the world. They think they're right (you know, the old joke, you can always tell a Harvard man, but you can't tell him much). Everyone they interact with on a daily basis reinforces their delusion that they're right.

Their beef with the feds will eventually result in a civil rights consent decree that gives the feds some monitoring and some changes to business practices and this will blow over. These things always settle.

Just for fun, this is the Harvard Corporation: 13 people. They corporately own everything, the whole kit and caboodle. They are the shareholders, as it were. Note that they include Penny Pritzker, Ken Chennault (who ran AMEX), Ken Frazier (who ran Merck), Joe Bae (who ran KKR). https://tinyurl.com/8bm7xdb3

Posted by: Caesar North of the Rubicon at June 06, 2025 11:45 AM (eStot)

233 when are you people going to send me shit to eat?
imstarvign!

Posted by: Aliassmithsmith at June 06, 2025 11:45 AM (9zY72)

234 Hey egghead! Sing Fair Harvard!

https://tinyurl.com/579jucsv

Posted by: Jack Squat Bupkis at June 06, 2025 11:46 AM (dQfJF)

235 My work here is done.

Posted by: Captain Obvious, Laird o' the Sea at June 06, 2025 11:46 AM (6YdsJ)

236 I would assume that capital gains and recuperation taxes will be applied and paid.

Posted by: Jukin the Deplorable a Clear and Present Danger at June 06, 2025 11:46 AM (17s+e)

237 I was amazed at how many churches were in these towns all through America. How happy people seemed and how well everyone got along.
Posted by: Christopher R Taylor at June 06, 2025 11:22 AM (2VST1)
----
There are *at least* five churches within just a block or two of where I'm sitting right now.

And one mosque, but let's not focus on that.

Posted by: "Perfessor" Squirrel at June 06, 2025 11:46 AM (7fElN)

238 Unfortunately, the people who run UT aren't typical Texans. They act more like the rest of the education establishment because they want UT to be the equivalent of an Ivy.
Posted by: Archimedes at June 06, 2025 11:38 AM (s8j++)

UT is a research university. It affects their thinking.

Posted by: I used to have a different nic at June 06, 2025 11:46 AM (ExV1e)

239 The Best of Times.

Posted by: no one of any consequence at June 06, 2025 11:46 AM (ZmEVT)

240 Wait until the class action suits for discriminating against Asians hit.

Here's the thing. At the risk of stereotyping, Harvard is specifically targeting two groups:

Jews, historically known for being overrepresented in legal fields
Asians, nationally known for wealth and being litigious

This seems like an unwise approach.

Posted by: Christopher R Taylor at June 06, 2025 11:46 AM (2VST1)

241 Thurston Howell III was a Harvard man right? Luvvy didn’t go to college

Posted by: LinusVanPelt at June 06, 2025 11:47 AM (5MZNC)

242 > This is all because Harvard is refusing to follow the law and SCOTUS precedent about race-blind admissions.
---------------
It's also about Harvard swinging their immense reputational dick in everyone's face while ignoring the law.

Posted by: Martini Farmer at June 06, 2025 11:47 AM (Q4IgG)

243 A good BBQ joint provides more value to more average Americans than all of Harvard.

Posted by: People's Hippo Voice at June 06, 2025 11:47 AM (KhUhr)

244 Call JG Wentworth!

877-CASH-NOW

Posted by: no one of any consequence at June 06, 2025 11:47 AM (ZmEVT)

245 In a perfect world, the Texas Rainy Day Fund would be a salt mine containing the world's largest ammo dump.
Posted by: bill in arkansas, not gonna comply with nuttin, waiting for the 0300 knock on the door at June 06, 2025 11:44 AM (gm9Sb)

That would be around 50 billion rounds of .223.

Posted by: polynikes at June 06, 2025 11:47 AM (VofaG)

246 Also because Hahvad refuses to release data on foreign students and their dossiers and disciplinary records. This would seem like a no-brainer for the college to release. But it no doubt shows how many far-left radical and violent anti-American and anti-Jew antifa-type scumbags are in the foreign student class. So Hahvad refuses to release the data.
Posted by: Elric Blade at June 06, 2025 11:43 AM (iFTx/)

======

Harvard is willing to lose literally billions of dollars for these people.

Think these people value Harvard that much?
Posted by: TheJamesMadison, reflecting on change and permanence with Ozu at June 06, 2025 11:44 AM (GBKbO)
__________

They value Hahvad as much as Akmed values his ugliest goat. The left -- in this country and all of Europe -- is willing to watch their daughters get raped and murdered by these people. Losing money means nothing to them.

Posted by: Elric Blade at June 06, 2025 11:47 AM (iFTx/)

247 I got that last comment typed with out LMFAO.

Posted by: Jukin the Deplorable a Clear and Present Danger at June 06, 2025 11:47 AM (17s+e)

248 A bigger rub is that the government went from wanting THE answer to a question to wanting THIS answer to the question and researchers were happy to oblige.

Also, don't try to answer any questions that WE didn't ask you. ...or we may never fund you again.

Posted by: t-bird at June 06, 2025 11:47 AM (GUvny)

249 seriously
shit
now
please

Posted by: Aliassmithsmith at June 06, 2025 11:47 AM (9zY72)

250 Some things shine eternal.

Michelle Obama Is Back Complaining About Her Time as First Lady

https://shorturl.at/t7mJ3

Posted by: Anonosaurus Wrecks, And You're Not at June 06, 2025 11:48 AM (L/fGl)

251 Posted by: Aliassmithsmith at June 06, 2025 11:45 AM (9zY72)

Try punctuation. It should be " Jesus, Buck!" You see, Buck writes quite well and is a conservative, but he isn't actually Jesus and he knows that.

Posted by: FenelonSpoke at June 06, 2025 11:48 AM (EJtBU)

252 Yeah the crime stats may have something to do with it.

Whites don't embrace the trailer park meth heads either as a group just because they are white.
Posted by: polynikes at June 06, 2025 11:39 AM (VofaG)

The thing is, a significant portion of the black population - maybe a majority - is decent hardworking people. The ones who aren't though... they punch above their weight class.

Posted by: I used to have a different nic at June 06, 2025 11:48 AM (ExV1e)

253 "Can I get a simple explanation why the endowment fund is mostly illiquid?"

Fraud. Someone has been stealing from the endowment.

Posted by: no one of any consequence at June 06, 2025 11:49 AM (ZmEVT)

254 The left -- in this country and all of Europe -- is willing to watch their daughters get raped and murdered by these people.

NO. They are willing to sacrifice yours, ours and mine but not theirs.

Posted by: Jukin the Deplorable a Clear and Present Danger at June 06, 2025 11:49 AM (17s+e)

255 245 That would be around 50 billion rounds of .223. "Hell, the Rangers have that much, and let's not get into grenades".

Posted by: bill in arkansas, not gonna comply with nuttin, waiting for the 0300 knock on the door at June 06, 2025 11:49 AM (gm9Sb)

256 There are *at least* five churches within just a block or two of where I'm sitting right now.

The Pacific Northwest has the fewest churches and church attendance in the nation. I can literally name and know the location of just about every church in Salem, a city of almost 200k.

I'm not gonna say more churches = better society, but a better society will have more churches, if that makes sense.

Posted by: Christopher R Taylor at June 06, 2025 11:49 AM (2VST1)

257 That requires a broad moral consensus. We don't even have a broad moral consensus on direct looting anymore.

Posted by: Red Turban Someguy at June 06, 2025 11:41 AM (okun6)
---
Bingo.

Because libertarianism is not a broad appeal thing.

A libertarian can agree 90% with Marx. Yes, most values societies get up to are arbitrary, but let's go with that and allow people to get what they want with what they've earned.

That is itself a value.

Here's the thing. From my perspective there is not 100% objective counter, to this. There is no materialistic, naturalistic counter to the software of how humans arrange relationships--only those that result in death.

The answer is FAITH.

In faith, we say MAYBE what we take as values has some substance in its affect on society. We do not accept the sufficiency of ready "proofs" to structure everything.

Before I became a full Christian, what annoyed me most about Jesus' otherwise remarkable teaching, as a committed skeptic, was his accent on FAITH.

But in humbling myself, I learned of the broad application of necessary faith.

Posted by: Axeman at June 06, 2025 11:49 AM (krQz2)

258 All they had to do was obey the law and they couldn't do it.

Posted by: NR Pax at June 06, 2025 11:50 AM (lXoJ5)

259 246
‘ Think these people value Harvard that much?
Posted by: TheJamesMadison, reflecting on…’

Harvard doesn’t value those people that much. They hate us that much.

Posted by: Dr. Claw at June 06, 2025 11:50 AM (jbnUc)

260 I mean, the south gets a bad reputation for being racist, but the northeast had "no Jews" clubs into the 1980s.

Posted by: Christopher R Taylor at June 06, 2025 11:16 AM (2VST1)

I mean, Senator Sheldon Whitehouse (D-RI) is RIGHT NOW, a member of a White's Only country club. His wife sits on the board.

Posted by: Washington Nearsider, still gloating at June 06, 2025 11:50 AM (oSeBJ)

261 "Can I get a simple explanation why the endowment fund is mostly illiquid?"

Fraud. Someone has been stealing from the endowment.

Posted by: no one of any consequence
===

No. WAY!

Posted by: Social Security Trust Fund at June 06, 2025 11:50 AM (17s+e)

262 Waaay off topic, but Tom Cruise just awarded the Guiness World record for the flaming parachute stunt he did in the latest Mission Impossible movie. He did the stunt 16 times. From 7500 feet. With a 50 pound camera rig attached to him as well. Saw the movie last week. Defintely action packed.

https://tinyurl.com/yedr2vww

Posted by: thatcrazyjerseyguy at June 06, 2025 11:50 AM (5xuJ/)

263 The thing is, a significant portion of the black population - maybe a majority - is decent hardworking people. The ones who aren't though... they punch above their weight class.
Posted by: I used to have a different nic at June 06, 2025 11:48 AM (ExV1e)

And all too many of the black political class represent that latter group, to the detriment of the former.

Posted by: Alberta Oil Peon at June 06, 2025 11:50 AM (WUoYt)

264 FIRST!!!!!

Posted by: Sponge - F*ck Cancer at June 06, 2025 11:50 AM (+sD5M)

265 "Can I get a simple explanation why the endowment fund is mostly illiquid?"
---
It's like a NFT.
I hope that helps.

Posted by: People's Hippo Voice at June 06, 2025 11:51 AM (KhUhr)

266 Huck Farvard.

Posted by: Sponge - F*ck Cancer at June 06, 2025 11:51 AM (+sD5M)

267 It's also about Harvard swinging their immense reputational dick in everyone's face while ignoring the law.

Well and promoting rank Jew hatred and harboring and protecting psychotic pro-Muslim agitators.

Posted by: Christopher R Taylor at June 06, 2025 11:51 AM (2VST1)

268 NO. They are willing to sacrifice yours, ours and mine but not theirs.

I don't believe the old bullshit about a liberal is just a conservative not yet mugged. We see too many examples to the contrary now. Liberals are also self-gassing.

Posted by: Mike Armstrong at June 06, 2025 11:51 AM (2AUcf)

269 Go woke, go broke. And they're the grandfather of woke.

Good.

An historic American university killed by the left wing psychopaths.

Couldn't happen to a nicer ivy league shithole.

Posted by: Sponge - F*ck Cancer at June 06, 2025 11:52 AM (+sD5M)

270 Posted by: Axeman at June 06, 2025 11:49 AM (krQz2)

Amen!, and thanks.

Posted by: FenelonSpoke at June 06, 2025 11:52 AM (EJtBU)

271
Wait! Wait a minute!

You mean I can take this pistol and point it at my head and pull the trigger and blow my brains out, while-

sitting around with my pants around my ankles jerking off to beastiality porn and Nazi Snuff Films and that's how I'll be remembered by everyone who finds me?

Well, hell! Let's do this!!!

Posted by: Harvard at June 06, 2025 11:52 AM (iJfKG)

272 lolgf

Posted by: Comrade Flounder, Disinformation Demon at June 06, 2025 11:52 AM (i24o9)

273 The thing is, a significant portion of the black population - maybe a majority - is decent hardworking people. The ones who aren't though... they punch above their weight class.
Posted by: I used to have a different nic at June 06, 2025 11:48 AM (ExV1e)

And a lot of those blacks have the same attitude as the whites. They are frustrated.

Posted by: polynikes at June 06, 2025 11:52 AM (VofaG)

274 Willowed from last thread:
---
I was talking more about the whole socialism/nationalization thing.
Posted by: Captain Obvious, Laird o' the Sea at June 06, 2025 10:59 AM (6YdsJ)
---
They defeated the fascist would-be empire, to silently, slowly transform into fascists.

Read a good piece about how "Stakeholder Capitalism" comes out of this German book, post WWII called "Idealistic Realism" or something. And that paralleled themes in Giovanni Gentile's "Concrete Idealism" which is a philosophy that birth fascism.

Very few people care about Gentile. Because he didn't kill 6 million jews, and his idea of the State was more or less as a means for progress of society.

And really, you can't slag Mussolini who became a student of Gentile after editing the most prestigious Marxist periodical in Italy for a decade or two. Because there was a note of "progress" in the changes that Mussolini made to Italy (although children were to belong to the State).

Before the Nazis broke out, much of Europe and some of America was enthralled with how efficient fascism seemed to be.

You can even argue that as an intellectual of some capacity, Italy had a "Philosopher/King".

Posted by: Axeman at June 06, 2025 11:53 AM (krQz2)

275 Liquidity problems ??

Posted by: runner at June 06, 2025 11:53 AM (g47mK)

276 Extensive Hummel figurine collection.
Posted by: BurtTC

Wizard of Oz plates.
Posted by: Franklin Mint

Beanie Babies

Posted by: Stu Podaso at June 06, 2025 11:53 AM (M0V4/)

277 I don't believe the old bullshit about a liberal is just a conservative not yet mugged. We see too many examples to the contrary now. Liberals are also self-gassing.

Posted by: Mike Armstrong
==

Sure some but not enough. Also they are not liberals, they are leftists. YMMV

Posted by: Social Security Trust Fund at June 06, 2025 11:53 AM (17s+e)

278 Can I get a simple explanation why the endowment fund is mostly illiquid?

I think it has something to do with the money being difficult to access very quickly. As in, long term investments, land, etc. Technically valuable but not readily available. Kind of like how a farmer can be technically a millionaire but broke most of the year, because all the money is sunk into land, equipment, livestock, etc.

Posted by: Christopher R Taylor at June 06, 2025 11:53 AM (2VST1)

279 I'm not gonna say more churches = better society, but a better society will have more churches, if that makes sense.

Because its a symptom, but not the disease - although the context of those words are completely not applicable in this case.

Yeah - I agree with you. And I agree with Marx on one thing ... religion really is the opiate of the masses. But it turns out the vast majority of people need to get high on something. And Judaeo Christianity is the best opiate of choice for any Western Civ.

Even though I'm not religious, I'm pro-religious. Just keep your blue laws to yourselves.

Posted by: Mike Armstrong at June 06, 2025 11:55 AM (2AUcf)

280 262
‘ Tom Cruise just awarded the Guiness World record for the flaming parachute stunt he did in the latest Mission Impossible movie’

Cruise is going to wind up killing himself to prove he’s still got it.

Posted by: Dr. Claw at June 06, 2025 11:55 AM (jbnUc)

281 And a lot of those blacks have the same attitude as the whites. They are frustrated.

Yeah I watched a podcast and he pointed out: you got black fatigue (he used a different forbidden word)? Yeah we've had it much longer. Its like having a picnic for the 4th of July and a group of neo-nazi three tooth meth cookers show up and wave the flag around. Great you ruined it for everyone and made us look like aholes.

Posted by: Christopher R Taylor at June 06, 2025 11:55 AM (2VST1)

282 I think it has something to do with the money being difficult to access very quickly. As in, long term investments, land, etc. Technically valuable but not readily available. Kind of like how a farmer can be technically a millionaire but broke most of the year, because all the money is sunk into land, equipment, livestock, etc.

Posted by: Christopher R Taylor
===
Land makes sense since Higher "education" centers don't have to pay property taxes. That alone makes a good ROI.

Posted by: Jukin the Deplorable a Clear and Present Danger at June 06, 2025 11:56 AM (17s+e)

283 And a lot of those blacks have the same attitude as the whites. They are frustrated.

Difference between working and welfare. Same as whites. We even got a word for them that rhymes with chiggers.

Posted by: Mike Armstrong at June 06, 2025 11:57 AM (2AUcf)

284 Yeah, but...how many Uniparty Congs and Senators have those cute Windsor chairs with the Haaaaavad coat of arms on them sitting in their offices? "Haaaavad, too lib to fail!"

Posted by: Brave Sir Robin at June 06, 2025 11:58 AM (lPeS+)

285 Fraud. Someone has been stealing from the endowment.
Posted by: no one of any consequence at June 06, 2025 11:49 AM (ZmEVT)

Maybe it wasn't theft. Maybe someone stuffed a sock down the front of the university's pants.

Posted by: I used to have a different nic at June 06, 2025 11:58 AM (ExV1e)

286 Fly the friendly skies!

Boeing Signs $1.1 Billion Non-Prosecution Deal in 737 MAX Crash Case, Admits to Criminal Fraud

Posted by: Anonosaurus Wrecks, And You're Not at June 06, 2025 11:58 AM (L/fGl)

287 "Can I get a simple explanation why the endowment fund is mostly illiquid?"

Buying up Lahaina and Pacific Palisades property would tie up money for a few years.

Posted by: t-bird at June 06, 2025 11:58 AM (XSDUb)

288 Its like having a picnic for the 4th of July and a group of neo-nazi three tooth meth cookers show up and wave the flag around. Great you ruined it for everyone and made us look like aholes.

Reminds me of the Dave Chappelle bit on the meth addicted whites.

Posted by: Mike Armstrong at June 06, 2025 11:58 AM (2AUcf)

289 Cruise is going to wind up killing himself to prove he’s still got it.
Posted by: Dr. Claw at June 06, 2025 11:55 AM (jbnUc)

He enjoys what he does, and he make these movies for his audience. Before the feature, a short piece of him addressing the audience ran, thanking the cast, crew, and most of all, the audience..."we made this movie for YOU".

Posted by: thatcrazyjerseyguy at June 06, 2025 11:58 AM (5xuJ/)

290 Land makes sense since Higher "education" centers don't have to pay property taxes. That alone makes a good ROI.
Posted by: Jukin the Deplorable a Clear and Present Danger at June 06, 2025 11:56 AM (17s+e)

I assume that applies to lands actually occupied by the university. Does it also apply to non-contiguous lands held strictly as investments? Say a shopping center in another State?

Posted by: Alberta Oil Peon at June 06, 2025 11:58 AM (WUoYt)

291 Have we had a death toll broadcast yet from the people at Harvard who died from lack of funding?

Posted by: NR Pax at June 06, 2025 11:59 AM (lXoJ5)

292 Maine House Votes to Withdraw from National Popular Vote Compact.

In a stunning reversal of last year’s misguided attempt to overthrow the Electoral College, Maine’s House of Representatives recently voted to withdraw the state from the National Popular Vote Interstate Compact (NPVIC). Three Democrats and two Independents joined Republicans in the vote for withdrawal.

Posted by: SMOD at June 06, 2025 11:59 AM (RHGPo)

293 292 Maine House Votes to Withdraw from National Popular Vote Compact.

In a stunning reversal of last year’s misguided attempt to overthrow the Electoral College, Maine’s House of Representatives recently voted to withdraw the state from the National Popular Vote Interstate Compact (NPVIC). Three Democrats and two Independents joined Republicans in the vote for withdrawal.
Posted by: SMOD at June 06, 2025 11:59 AM (RHGPo)

=====

They were never going to get enough states, and the pact was never going to pass constitutional muster once in effect.

Posted by: TheJamesMadison, reflecting on change and permanence with Ozu at June 06, 2025 12:00 PM (GBKbO)

294 For just 69 cents a day, you can help keep Harvard's doors open and help poor professors score with unsuspecting undergrads.

69 cents a day.

Won't you help Harvard's profs prey on students?
Posted by: Stateless.. 18% - mental state clawing up from 10%, shit happened, clawing back now at June 06, 2025 11:44 AM (jvJvP)

Act now, and we'll send you a photo of the professor you've chosen to sponsor!

Posted by: Hour of the Wolf at June 06, 2025 12:00 PM (VNX3d)

295 I've never found "value system" to be anything but what seems to be a looping rabbit hole.

I'm for deep introspection, but I just can't cut it.

I put my time into analysis and rigorous interrogation of the Truth.

In one way, I can bootstrap it from Darwinism. The maintenance of my life has a binary value. 1 or 0 -- especially whether or not I've yet to reproduce or not reproduce.

However, as the base of values, that makes all values arbitrary. We can get rid of anybody in our society that we just don't feel benefit survival. Just because I benefit the group's survival doesn't mean *you* do.

Yes, you have a value to your own life, but as the value to your own life mainly concerns you as a holder, barring any affected loved-ones who still retain affection. It is arbitrary whether not we can get rid of you.

The idea that we can't completely encompass your potential of usefulness to the group and what we see as useless by have a crucial use is possible. But until such is proven, that is really undecidable and unknowable.

So, it is an unprovable faith we invest uniformly in everybody, because we can't prove conclusively the counter.

Posted by: Axeman at June 06, 2025 12:00 PM (krQz2)

296 > Can I get a simple explanation why the endowment fund is mostly illiquid?
---------
As others here have said; it's mostly in paper investments that are not "tangible" in that you can't go out and touch them. Unlike property... land, buildings, etc.

Both require some process to "liquidate" in order to extract the actual monies they are potentially worth.

Posted by: Martini Farmer at June 06, 2025 12:01 PM (Q4IgG)

297 I assume that applies to lands actually occupied by the university. Does it also apply to non-contiguous lands held strictly as investments? Say a shopping center in another State?

Posted by: Alberta Oil Peon
==

My guess would be yes through slight of hand accounting and tax laws written specifically for them but would vary state to state.

Posted by: Jukin the Deplorable a Clear and Present Danger at June 06, 2025 12:01 PM (17s+e)

298 In a stunning reversal of last year’s misguided attempt to overthrow the Electoral College, Maine’s House of Representatives recently voted to withdraw the state from the National Popular Vote Interstate Compact (NPVIC).

How in the Hell a Republic is expected to operate with so many states ready, willing, and able to give away their own power is beyond me.

Posted by: Mike Armstrong at June 06, 2025 12:01 PM (2AUcf)

299 And a lot of those blacks have the same attitude as the whites. They are frustrated.

Yeah I watched a podcast and he pointed out: you got black fatigue (he used a different forbidden word)? Yeah we've had it much longer. Its like having a picnic for the 4th of July and a group of neo-nazi three tooth meth cookers show up and wave the flag around. Great you ruined it for everyone and made us look like aholes.
Posted by: Christopher R Taylor at June 06, 2025 11:55 AM (2VST1)
_________

I've long said we don't have a race problem, we have a class problem. All races of a given socio-economic class act generally the same. Rich blacks do what rich whites do. Underclass blacks do what underclass whites do. The problem is there are many more underclass blacks concentrated in inner cities, and that magnifies the problem.

Posted by: Elric Blade at June 06, 2025 12:01 PM (iFTx/)

300 Christianity Today thought the atheist chaplain at Harvard was neato

https://is.gd/9CosgV

Posted by: Victor Tango Kilo at June 06, 2025 12:01 PM (n+Gju)

301 300 Christianity Today thought the atheist chaplain at Harvard was neato

https://is.gd/9CosgV
Posted by: Victor Tango Kilo at June 06, 2025 12:01 PM (n+Gju)

======

Without reading:

"lived experiences" "new perspectives" "changing times"

Posted by: TheJamesMadison, reflecting on change and permanence with Ozu at June 06, 2025 12:02 PM (GBKbO)

302 They were never going to get enough states, and the pact was never going to pass constitutional muster once in effect.
Posted by: TheJamesMadison, reflecting on change and permanence with Ozu at June 06, 2025 12:00 PM (GBKbO)

Trump winning the popular vote was the final straw.

Posted by: I used to have a different nic at June 06, 2025 12:02 PM (ExV1e)

303 Rich blacks do what rich whites do.

Epstein. P-Diddy. Yep, the math checks out.

Posted by: Mike Armstrong at June 06, 2025 12:02 PM (2AUcf)

304 They just might have to let their gender and inclusivity department go.

Posted by: Darth Randall at June 06, 2025 12:02 PM (pI08R)

305
Without reading:

"lived experiences" "new perspectives" "changing times"

"Our church community needs to be flexible"

Posted by: kallisto at June 06, 2025 12:03 PM (dCxaZ)

306 I had a dream last night and woke up this morning with illiquid in my shorts.

Posted by: Sponge - F*ck Cancer at June 06, 2025 12:03 PM (+sD5M)

307 300 Christianity Today thought the atheist chaplain at Harvard was neato

https://is.gd/9CosgV
Posted by: Victor Tango Kilo at June 06, 2025 12:01 PM (n+Gju)

======

Without reading:

"lived experiences" "new perspectives" "changing times"

Posted by: TheJamesMadison, reflecting on change and permanence with Ozu
===

For winning, you get to choose any stuffed animal on the top shelf.

Posted by: Jukin the Deplorable a Clear and Present Danger at June 06, 2025 12:03 PM (17s+e)

308 NYC Jury to Decide Disgraced Movie Mogul Harvey Weinstein’s Fate This Week

-
His closing argument will be, "I'm not Diddy!"

Posted by: Anonosaurus Wrecks, And You're Not at June 06, 2025 12:03 PM (L/fGl)

309 Won't you help Harvard's profs prey on students?
Posted by: Stateless.. 18% - mental state clawing up from 10%, shit happened, clawing back now at June 06, 2025 11:44 AM (jvJvP)

Act now, and we'll send you a photo of the professor you've chosen to sponsor!

Posted by: Hour of the Wolf at June 06, 2025 12:00 PM (VNX3d)

these guys right here

Posted by: kallisto at June 06, 2025 12:03 PM (dCxaZ)

310 "Our church community needs to be flexible"

Reminds me of the old gag - I've got principles. And if you don't like these, I've got others.

Posted by: Mike Armstrong at June 06, 2025 12:03 PM (2AUcf)

311 307 For winning, you get to choose any stuffed animal on the top shelf.
Posted by: Jukin the Deplorable a Clear and Present Danger at June 06, 2025 12:03 PM (17s+e)

======

I was hoping for the cuddly monkey.

Posted by: TheJamesMadison, reflecting on change and permanence with Ozu at June 06, 2025 12:04 PM (GBKbO)

312 280 262
‘ Tom Cruise just awarded the Guiness World record for the flaming parachute stunt he did in the latest Mission Impossible movie’

Cruise is going to wind up killing himself to prove he’s still got it.

Posted by: Dr. Claw at June 06, 2025 11:55 AM (jbnUc)

It's why they stopped on the 16th attempt...if you see the video, that one seemed like it didn't go as planned, so the director probably said "that's enough, Tom - we'll work with what we have"...

Posted by: Nova Local at June 06, 2025 12:04 PM (tOcjL)

313 289
‘ He enjoys what he does, and he make these movies for his audience.’

Oh yeah. I agree you and respect him for it.
I’m just saying he’s rolling the dice a lot.

Posted by: Dr. Claw at June 06, 2025 12:04 PM (jbnUc)

314 Christianity Today thought the atheist chaplain at Harvard was neato

https://is.gd/9CosgV
Posted by: Victor Tango Kilo at June 06, 2025 12:01 PM (n+Gju)

Soooooo, an unqualified psychologist?

Posted by: naturalfake at June 06, 2025 12:04 PM (iJfKG)

315 NYC Jury to Decide Disgraced Movie Mogul Harvey Weinstein’s Fate This Week
-
His closing argument will be, "I'm not Diddy!"
Posted by: Anonosaurus Wrecks, And You're Not at June 06, 2025 12:03 PM (L/fGl)

It should be, "Every last one of those women agreed."

Posted by: I used to have a different nic at June 06, 2025 12:05 PM (ExV1e)

316 Maine House Votes to Withdraw from National Popular Vote Compact.

In a stunning reversal of last year’s misguided attempt to overthrow the Electoral College, Maine’s House of Representatives recently voted to withdraw the state from the National Popular Vote Interstate Compact (NPVIC). Three Democrats and two Independents joined Republicans in the vote for withdrawal.
Posted by: SMOD at June 06, 2025 11:59 AM (RHGPo)

=====

They were never going to get enough states, and the pact was never going to pass constitutional muster once in effect.
Posted by: TheJamesMadison, reflecting on change and permanence with Ozu at June 06, 2025 12:00 PM (GBKbO)
____________

Pure impotent virtue signaling for DA RESISTENCE that ended as soon as Trump won the popular vote last year.

Posted by: Elric Blade at June 06, 2025 12:05 PM (iFTx/)

317 Cruise is going to wind up killing himself to prove he’s still got it.

You gotta remember, they created a new level of powerful in Scientology for Tom because he surpassed their previous maximum. He is crazy enough to believe it.

Posted by: Christopher R Taylor at June 06, 2025 12:05 PM (2VST1)

318
Soon they'll be selling Harvard brand Bacon,Mac & Cheese, and Crackers at local Whole Foods to try and raise cash.

Posted by: Frank Barone at June 06, 2025 12:05 PM (IifOV)

319 They were never going to get enough states, and the pact was never going to pass constitutional muster once in effect.

Its a tax !!!

Posted by: The Dread Pirate Roberts at June 06, 2025 12:06 PM (2AUcf)

320 Grandma had a great recipe for Harvard Beets.

Posted by: Maj. Healey at June 06, 2025 12:06 PM (/U5Yz)

321 They were never going to get enough states, and the pact was never going to pass constitutional muster once in effect.

If its cool with John, its OK by me !!!

Posted by: ACB Taking No Notes at June 06, 2025 12:06 PM (2AUcf)

322 From the Harvard Management Company: "Made up of more than 14,000 individual funds invested as a single entity, the endowment’s returns..."

Approximately 80 percent of Harvard’s endowed funds are restricted by the donor to a specific school or purpose

Ah, so the restrictions- in the event they don't just ignore them- have them over a barrel.

Posted by: t-bird at June 06, 2025 12:06 PM (7bp2g)

323 Posted by: Mike Armstrong at June 06, 2025 12:03 PM (2AUcf)

the Roman Catholic church and the Orthodox congregations are booking higher numbers of converts than they've seen in a long time. A great many are young men.

The Orthodox churches are stricter and more patriarchal than the Roman church. Sounds like some of the yutes are tired of accommodating madness.

Posted by: kallisto at June 06, 2025 12:07 PM (dCxaZ)

324 They were never going to get enough states, and the pact was never going to pass constitutional muster once in effect.

I just don't have the will to rock the boat today. Put my name at the bottom of whatever John and ACB decide.

Posted by: Krying Kavanaugh at June 06, 2025 12:07 PM (2AUcf)

325 Grandma had a great recipe for Harvard Beets.
Posted by: Maj. Healey at June 06, 2025 12:06 PM (/U5Yz)

Those would go great with Yale Lox.

Posted by: Alberta Oil Peon at June 06, 2025 12:07 PM (WUoYt)

326 300 Christianity Today thought the atheist chaplain at Harvard was neato

https://is.gd/9CosgV
Posted by: Victor Tango Kilo at June 06, 2025 12:01 PM (n+Gju)

Billy Graham rolling over in his grave. Sad

Posted by: LinusVanPelt at June 06, 2025 12:08 PM (+kWhq)

327 I had a dream last night and woke up this morning with illiquid in my shorts.
Posted by: Sponge - F*ck Cancer

You cleaned it up yourself, right?

Posted by: She Hobbit at June 06, 2025 12:08 PM (ftFVW)

328 So, it is an unprovable faith we invest uniformly in everybody, because we can't prove conclusively the counter.

Posted by: Axeman at June 06, 2025 12:00 PM (krQz2)
---
So, we rate the profitability of believing positive things in our ignorance over what is simply and readily provable.

Which is why I think atheists take far too lightly what is "provable" and think that religious faith is some completely isolated thing that you "believe without proof".

Face it though, our flesh has a built-in people-rating system. We know who we think are lower on the scale of value. We live with this--until and unless we block ourselves with that abstract faith grounded in the complement of proof for the hope we have from it's being true (trustworthy).

This is very much a part of our being what and who we are. And if God made us, this is kind of what he made us. I never forget what God (may have) made us, when bringing down the Christian overlay.

The materialist, the naturalist, does not believe that *you* could have been what you are not. I as a Christian, also do not hold that I am re-locatable in another complete form.

Posted by: Axeman at June 06, 2025 12:08 PM (krQz2)

329 323
‘ Sounds like some of the yutes are tired of accommodating madness.’

As well they should. It’s good to see people not going through a lifetime of mistakes to get to that point.

Posted by: Dr. Claw at June 06, 2025 12:09 PM (jbnUc)

330 I mean...you don't really have to risk your life to make a good movie.

A plot... some writing. A little character development.

Some nice lighting.

I appreciate Tom Cruise appreciating his audience and all..

Posted by: eleven at June 06, 2025 12:09 PM (0HaGk)

331 Soon they'll be selling Harvard brand Bacon,Mac & Cheese, and Crackers at local Whole Foods to try and raise cash.
Posted by: Frank Barone at June 06, 2025 12:05 PM (IifOV)

Didn't Whole Foods just have an ecoli outbreak?

Posted by: Sponge - F*ck Cancer at June 06, 2025 12:09 PM (+sD5M)

332 I was hoping for the cuddly monkey.
Posted by: TheJamesMadison, reflecting on change and permanence with Ozu at June 06, 2025 12:04 PM (GBKbO)
----------
"I distracted him with the cuddly monkey, said, "Playtime's over!" and then hit him with the peace lily."

Posted by: Captain Obvious, Laird o' the Sea at June 06, 2025 12:09 PM (6YdsJ)

333 NYC Jury to Decide Disgraced Movie Mogul Harvey Weinstein’s Fate This Week

The thing is, while I don't doubt he belongs in the clink, I don't think he was guilty of what they threw him in for. I don't think a single one of those women told him "no." And I doubt he preyed on underaged girls either.

Posted by: Christopher R Taylor at June 06, 2025 12:09 PM (2VST1)

334 Don’t Drink and Write! NYT’s Goldberg WAILS Musk’s "Legacy Is Disease, Starvation and Death"

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Well, I'm feeling a mite peckish myself.

Posted by: Anonosaurus Wrecks, And You're Not at June 06, 2025 12:09 PM (L/fGl)

335 So wait, just like the Bidens, Harvard is worthless without money from Uncle Sugar?

Posted by: 18-1 at June 06, 2025 12:09 PM (t0Rmr)

336 Same ME legislature, by a similar close vote, nixed voter ID. Amazing. The willingness to fight the most basic, universally recognized (and used) election integrity mechanisms is the Nth redundant indicator of how degraded the populace is. And the institutions, of course. Several "judges" in federal "courts" have likewise issued the most absurd rulings on voter ID.

Reminder: many many US elections would not meet minimum requirements for recognition as free and fair, by standards used by the US, EU, and UN, for decades.

Posted by: rhomboid at June 06, 2025 12:10 PM (1m82a)

337 The Orthodox churches are stricter and more patriarchal than the Roman church. Sounds like some of the yutes are tired of accommodating madness.

Posted by: kallisto at June 06, 2025 12:07 PM (dCxaZ)

I think so. I'm not down on the new ones the way some are. They're more grounded than the Millennials for sure. Not as brand loyal or ideological as the Boomers, and certainly not as jaded as Gen X.

On the down side, they're inheriting a shit storm entirely not of their making. They're gonna' need some luck and make some hard choices.

Posted by: Mike Armstrong at June 06, 2025 12:10 PM (2AUcf)

338
You cleaned it up yourself, right?
Posted by: She Hobbit at June 06, 2025 12:08 PM (ftFVW)

Changed socks.

Posted by: Sponge - F*ck Cancer at June 06, 2025 12:10 PM (+sD5M)

339 Illiquid is HOT!!

Posted by: eleven at June 06, 2025 12:10 PM (0HaGk)

340 325 Grandma had a great recipe for Harvard Beets.
Posted by: Maj. Healey at June 06, 2025 12:06 PM (/U5Yz)

Those would go great with Yale Lox.
Posted by: Alberta Oil Peon

Cornell game hens.

Posted by: Maj. Healey at June 06, 2025 12:10 PM (/U5Yz)

341 Grandma had a great recipe for Harvard Beets.
Posted by: Maj. Healey at June 06, 2025 12:06 PM (/U5Yz)

Those would go great with Yale Lox.
Posted by: Alberta Oil Peon at June 06, 2025 12:07 PM (WUoYt)

Texas A&M carrots - https://tinyurl.com/3n846jbd+

Posted by: I used to have a different nic at June 06, 2025 12:10 PM (ExV1e)

342 You gotta remember, they created a new level of powerful in Scientology for Tom because he surpassed their previous maximum. He is crazy enough to believe it.

Posted by: Christopher R Taylor at June 06, 2025 12:05 PM (2VST1)
---
He's 100% Xenu free.

Posted by: Axeman at June 06, 2025 12:11 PM (krQz2)

343 Christianity Today thought the atheist chaplain at Harvard was neato

Christianity Today is neither

Posted by: Christopher R Taylor at June 06, 2025 12:11 PM (2VST1)

344 332 I was hoping for the cuddly monkey.
Posted by: TheJamesMadison, reflecting on change and permanence with Ozu at June 06, 2025 12:04 PM (GBKbO)
----------
"I distracted him with the cuddly monkey, said, "Playtime's over!" and then hit him with the peace lily."
Posted by: Captain Obvious, Laird o' the Sea at June 06, 2025 12:09 PM (6YdsJ)

=========

You're off the fuckin' chain!

Posted by: TheJamesMadison, reflecting on change and permanence with Ozu at June 06, 2025 12:11 PM (GBKbO)

345 Haven't seen 5 feature movies in the theater in 10 years, but thinking I might go see Cruise's latest. Good empty calorie action entertainment. But done with integrity, by a guy who cuts off political questions at his press events.

Posted by: rhomboid at June 06, 2025 12:11 PM (1m82a)

346 Did you ever wonder why the federal government gave so much money to Harvard when the quality of their public product continues to decline? Why have foreign students become such a crucial part of Harvard's existence?

Posted by: JackStraw at June 06, 2025 12:11 PM (viF8m)

347 Posted by: Axeman at June 06, 2025 12:08 PM (krQz2)

You've got into Jackstraw's stash, haven't you. That man is a professional - and you ain't no Willie Nelson. Slow down, my man.

Posted by: Mike Armstrong at June 06, 2025 12:11 PM (2AUcf)

348 Nood. Pedo trafficking.

Posted by: I used to have a different nic at June 06, 2025 12:12 PM (ExV1e)

349 346
‘ Why have foreign students become such a crucial part of Harvard's existence?’

$

Posted by: Dr. Claw at June 06, 2025 12:12 PM (jbnUc)

350 …and certainly not as jaded as Gen X.

Posted by: Mike Armstrong at June 06, 2025 12:10 PM (2AUcf)

Interesting. I’m in X myself and never heard it described as jaded; small in numbers and therefore mostly insignificant I’ve heard

Posted by: LinusVanPelt at June 06, 2025 12:12 PM (+kWhq)

351 The Harvard Crimson quotes a Rutgers prof? Couldn’t find one of their own competent enough?

Posted by: haffhowershower at June 06, 2025 12:12 PM (0W39z)

352 Grandma had a great recipe for Harvard Beets.
========================
The shingles on my new roof are called "Harvard Slate". I wonder if they will send me a royalties due bill...

Posted by: Brave Sir Robin at June 06, 2025 12:12 PM (lPeS+)

353 Happy D-Day.

Posted by: rhomboid at June 06, 2025 12:12 PM (1m82a)

354 Christianity Today is neither
Posted by: Christopher R Taylor at June 06, 2025 12:11 PM (2VST1)

Grape nuts!

Posted by: LinusVanPelt at June 06, 2025 12:13 PM (+kWhq)

355 Underclass blacks do what underclass whites do. "

Indeed. Hang around parts of the land formerly known as Great Britain.

Posted by: man at June 06, 2025 12:14 PM (tubbA)

356 Interesting. I’m in X myself and never heard it described as jaded; small in numbers and therefore mostly insignificant I’ve heard.

I'm X myself. Jaded and "didn't care about the important stuff" was all the Ann Landers types could talk about, back in the day.

We were the generation that didn't pay attention to politics and social issues "like we should". Nah, we all just wanted to find good jobs and buy houses. Truly awful.

Posted by: Mike Armstrong at June 06, 2025 12:14 PM (2AUcf)

357 326-Faithwire site wasn't thrilled at the choice of the Atheist Chaplain for Harvard. Why even call yourself a chaplain if you don't believe in God? If they wanted to get someone who could reach across religious traditions to "do good", why not choose at Unitarian Universalist to be the head chaplain?. At least-as far as I know they believe in God:

https://tinyurl.com/59ty3jsk

Posted by: FenelonSpoke at June 06, 2025 12:15 PM (EJtBU)

358 Harvard turned itself into trash. I'm rooting for more destruction. I'd like to see a ton of b.s. colleges close entirely, and college loans returned to banks with colleges co-signing on the student debt. Let them eat the cost of silly degrees.

Posted by: Miley, okravangelist at June 06, 2025 12:16 PM (w6EFb)

359 How in the Hell a Republic is expected to operate with so many states ready, willing, and able to give away their own power is beyond me.

Posted by: Mike Armstrong at June 06, 2025 12:01 PM (2AUcf)
---
It could only survive in a hothouse against reality.

Over half the states have to agree to give up their say, or at least far more than the 12 dissenting states that can be tolerated by the process or ratifying an amendment.

Posted by: Axeman at June 06, 2025 12:16 PM (krQz2)

360 Transportation Secretary Sean Duffy said the report justifies reprogramming the funds to other projects.

“This report exposes a cold, hard truth: CHSRA has no viable path to complete this project on time or on budget,” Duffy said in a statement.

“CHSRA is on notice—If they can’t deliver on their end of the deal, it could soon be time for these funds to flow to other projects that can achieve President Trump’s vision of building great, big, beautiful things again. Our country deserves high-speed rail that makes us proud—not boondoggle trains to nowhere.”

Posted by: SMOD at June 06, 2025 12:19 PM (RHGPo)

361 Friends With Benefits: Stacey Abrams Funneled $20 Million To Her Lawyer

Legal fees are normally billed on an hourly basis and appear in a line-by-line accounting on statements to clients.

Posted by: SMOD at June 06, 2025 12:19 PM (RHGPo)

362 HAHAHAHAHAHAAAA!
Fuck you Harvard! Die! DIE!
*dances around throwing double middle fingers*

Posted by: This is joyous news at June 06, 2025 12:21 PM (TbWk/)

363 >>Harvard turned itself into trash.

Harvard turned itself into an arm of the permanent government in DC. So did Columbia and many other universities.

The anti-semitism was just part of a much bigger package.

Posted by: JackStraw at June 06, 2025 12:21 PM (viF8m)

364 Friends With Benefits: Stacey Abrams Funneled $20 Million To Her Lawyer

-
A meeting of the minds.

Jasmine Crockett Defends Stacey Abrams Over $2B EPA Grant

Posted by: Anonosaurus Wrecks, And You're Not at June 06, 2025 12:24 PM (L/fGl)

365 363 >>Harvard turned itself into trash.

Harvard turned itself into an arm of the permanent government in DC. So did Columbia and many other universities.

The anti-semitism was just part of a much bigger package.
------------------
Spot On. Bingo. I wonder if UVA is being groomed to become the new, and more affordable, Deep State Academy?

Posted by: pudinhead at June 06, 2025 12:25 PM (FmapG)

366 Is all that Harvard DEI really worth a $13B loss? Methinks the Harvard BOD needs to be replaced.

Posted by: Kurtz at June 06, 2025 12:26 PM (mQeBG)

367 Harvard delenda est.

Posted by: Patrick Carroll at June 06, 2025 12:27 PM (Hvq7a)

368 The Harvard asset that always held the most value was its reputation.

The US Dollar asset that the always held the most value was its reputation.

Posted by: LCMS Rulz! at June 06, 2025 12:27 PM (bufu1)

369 Watch China bail out Harvard... In exchange to access to research.

Posted by: Augusto Perez at June 06, 2025 12:35 PM (0AwU/)

370 And all of this was for...what exactly?

Posted by: El Mariachi - Attorney at Law at June 06, 2025 12:47 PM (gDhA9)

371 Nic Update

Posted by: ShainS -- Has the Big Beautiful Breakup passed yet? at June 06, 2025 01:22 PM (QuN2H)

372 Nic Update 2

Posted by: ShainS -- Has the Big Beautiful Breakup passed yet? at June 06, 2025 01:24 PM (zRsKl)

373 I don't think it'd be a good idea for Harvard to put the entirety of its endowment in the stock market.
Posted by: TheJamesMadison, reflecting on change and permanence with Ozu at June 06, 2025 11:15 AM (GBKbO)

Their was a small city or county in CA that was running the government funds through "sure thing" high risk investments. They suddenly weren't sure things and hijinx ensued.

Posted by: Oldcat at June 06, 2025 03:33 PM (8avO+)

374 Is all that Harvard DEI really worth a $13B loss? Methinks the Harvard BOD needs to be replaced.
Posted by: Kurtz at June 06, 2025 12:26 PM (mQeBG)

Does it come out of the DEI's crowd's pockets? No??

Fanatics by nature have skewed priorities and often aren't good at math.

Posted by: Oldcat at June 06, 2025 03:35 PM (8avO+)

375 Did you ever wonder why the federal government gave so much money to Harvard when the quality of their public product continues to decline? Why have foreign students become such a crucial part of Harvard's existence?
Posted by: JackStraw at June 06, 2025 12:11 PM (viF8m)

Well if their endowment is crap it becomes more and more important as an income source as presumably they pay full rate for most if not all their time there. When I was in college the food service bill was a total racket. When they shifted to even a hugely marked up "price" credited to your food service balance my last couple years there most shifted down to a lower price structure and still had money to be buying huge stocks of cheese on the food plan to try and catch up. I was on the lowest tier and still was able to go to the steak dinner place pretty often.

Posted by: Oldcat at June 06, 2025 03:43 PM (8avO+)

376 NYC Jury to Decide Disgraced Movie Mogul Harvey Weinstein’s Fate This Week

The thing is, while I don't doubt he belongs in the clink, I don't think he was guilty of what they threw him in for. I don't think a single one of those women told him "no." And I doubt he preyed on underaged girls either.
Posted by: Christopher R Taylor at June 06, 2025 12:09 PM (2VST1)

He's able to break their livelihood, just like a boss with the secretary or a general with a pretty lieutenant. No sympathy for him.

Posted by: Oldcat at June 06, 2025 03:47 PM (8avO+)

377 Mr. Howell Alma Matter is now run by those Yale Men

Posted by: Tamaa the Drongo Bird at June 06, 2025 06:13 PM (wGqjj)

378 Why don't they package selected illiquid real estate assets into a REIT and offer an IPO?

Posted by: Steve O at June 07, 2025 10:33 AM (iY2C2)

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