
Harvard Ready to Pay $500 Million for Job Training in Trump Deal
The administration is open to Harvard and other colleges paying penalties in the form of contributions to workforce training programs, the person said. Last month, Brown University agreed to pay $50 million over ten years for such programs in its home state of Rhode Island. Harvard has repeatedly ruled out paying a direct fine to the government, as Columbia University agreed to do.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

Wall Street Journal
a minute ago
- Wall Street Journal
Global Markets, U.S. Futures Rise; Trump, Putin Meeting in Focus
Global markets were mostly higher while U.S. futures were up on continued hopes for a Federal Reserve rate cut next month, despite the U.S. producer-price index rising by a higher-than-expected 0.9% in July, and ahead of a meeting between President Trump and Russian President Vladimir Putin in Alaska on Friday. Markets now forecast a 25 basis-point interest rate cut at the Fed's September meeting, having hoped for a bigger cut earlier in the week. 'You can absolutely throw a 50 basis-point cut out the window,' said Joe Mazolla, head trading and derivatives strategist at Charles Schwab after the latest wholesale price report. 'That's not going to happen now.'


Bloomberg
a minute ago
- Bloomberg
Lots More With Skanda Amarnath on This Moment in Macro
Listen to Odd Lots on Apple Podcasts Listen to Odd Lots on Spotify Right now, you could make a good argument that inflation is still too hot, and that with the stock market booming, and the unemployment rate at 4.2%, that it's crazy to think about cutting rates. You could also argue that much of the economy is stalling, that the pace of job growth has slowed dramatically, and that with housing in the tank, we need lower rates. Then on top of this situation, layer in the fact that we have this weird bifurcated economy, with the AI sector growing like gangbusters. And then add onto that the attacks on the independence of the Federal Reserve coming from the Trump administration. And furthermore, trade policy is still a moving target. To make sense of this complicated time — and to look ahead to next week's Jackson Hole conference — we speak with Skanda Amarnath, the executive director of Employ America.


Bloomberg
a minute ago
- Bloomberg
Trump's Politics of Urban Disgust
Weekend Essay The president's unprecedented takeover of Washington, DC law enforcement weds a crime crackdown to a gilded vision for remaking the capital.