'IAEA Useless': Iranians Hail Govt's Decision To End Cooperation With UN Atomic Agency
Tensions flared as two rockets were launched from northern Gaza, prompting air raid sirens in southern Israel. Both were intercepted by Israeli forces, followed by an urgent evacuation warning issued for parts of Gaza City. The IDF warned of imminent strikes on launch sites and urged civilians to move to designated safe zones. Meanwhile, Israel confirmed the targeted killing of two Hamas operatives behind a deadly ambush that killed seven soldiers. The airstrike, coordinated by the IDF and Shin Bet, took place in Khan Younis last week. The situation remains tense with further military operations expected.#IDF #shinbet #gaza #hamas #RocketAttack #netanyahu #Israel
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NDTV
33 minutes ago
- NDTV
$1,000,000,000: This Is How Much Harvard Will Lose If Trump Okays Fund Cuts
New Delhi: Harvard University may lose up to $1 billion annually if US President Donald Trump goes ahead with his plans to cut research funding, tax policy and student enrollment, according to a new report in a leading American daily. An analysis of the worst-case scenario losses shows that America's oldest institution may have a budget deficit of over a billion dollars annually, should the impasse in the Harvard-Trump tussle prevail. According to The Wall Street Journal, a loss of $240 million in Endowment Fund, $700 million in research funding and $110 million in college, graduate school revenue puts the total number at over a million. Even though Harvard has a massive $53 billion endowment, which is still wealthier and more powerful than its peers, the university doesn't have much flexibility with that money. Much of the endowment is designed for specific purposes, such as some funds are allocated only for medical research, others for scholarships and some are locked in long-term investments. In addition to this, Harvard is a tax-exempt university. But with Trump's intention to take away the tax-exempt status and impose an 8 per cent tax on endowment, it could lose hundreds of millions of dollars a year. The US General Services Administration (GSA) on Tuesday asked all federal agencies to rethink their contracts with Harvard University and instead look for alternative businesses/companies for future endeavours. Harvard University has a higher percentage of international students, more than 7,000, who pay full tuition fees. With the Trump administration threatening to block the university from enrolling these students, it could reduce tuition fees. Since April, the US administration has taken away over $2 billion in research and education funding. With cuts to this, Harvard University might have to slash programs or departments, lay off professors or researchers, and reduce student scholarships. One of its major schools, the Kennedy School of Government, has started laying off employees and cutting down some of its departments or programs. The university has also started selling investments at a loss. They sold $1 billion worth of private equity investments at a 7 per cent discount. Katharine Meyer, an education policy fellow at the Brookings Institution, said that losing $100 million contract may seem small by itself, but if this keeps happening, the university won't be able to cover all the lost money from federal contracts, grants, and other income sources. She said, "This $100 million dollar contract pullback is certainly the smallest effort that we've seen, but I think the cumulative impact is hurtling toward a point where eventually Harvard does not have infinite funds to be able to fill in where they've lost federal contracts and grants and any other sources of their revenue." Over the last few months, the Trump administration has been at loggerheads with Harvard, particularly after anti-Israel protests over Benjamin Netanyahu's brutal war on Gaza and American support for what demonstrators called a genocide of Palestinians. The administration has also accused to varsity of giving safe space to people with antisemitic views. Karoline Leavitt, the White House Press Secretary, told reporters that Harvard had broken US civil rights laws. She said that if any organisation breaks federal law, like these civil rights laws, they should not be given federal funding, such as grants for research or education. The Trump administration has also removed Harvard University from its electronic student immigration registry. This is used to track international students studying in the US, so if a university is removed, then international students can't legally study there. The US has asked embassies to reject student visa applications of those looking to study at Harvard.
NDTV
34 minutes ago
- NDTV
Trump's Big Bill Cuts Clean Energy Tax, Residential Solar To Get Hit Fast
As Republicans in Congress rushed forward with a massive tax and spending cut bill, a North Carolina renewable energy executive wrote to his 190 employees with a warning: Deep cuts to clean energy tax credits were going to hurt. '(The changes) would almost certainly include the loss of jobs on our team,' wrote Will Etheridge, CEO of Southern Energy Management in Raleigh. 'I'm telling you that because you deserve transparency and the truth — even if that truth is uncomfortable.' The bill now in the House takes an ax to clean energy incentives, including killing a 30% tax credit for rooftop residential solar by the end of the year that the Biden administration's Inflation Reduction Act had extended into the next decade. Trump has called the clean energy tax credits in the climate law part of a 'green new scam' that improperly shifts taxpayer subsidies to help the 'globalist climate agenda' and energy sources like wind and solar. Businesses and analysts say the GOP-backed bill will likely reverse the sector's growth and eliminate jobs. 'The residential solar industry is going to be absolutely creamed by this,' said Bob Keefe, executive director of E2, a business group that advocates for pro-environment policies. President Donald Trump's 'Big Beautiful Bill' takes aim at renewables broadly, including phasing out tax credits enjoyed by utility-scale solar and wind. But cutting the residential solar credit will happen sooner. Companies have announced more than $20 billion in clean-energy investments in North Carolina in recent years. Etheridge, whose company installs solar panels and helps ensure buildings are energy efficient, was among many in the sector to lobby Republican U.S. Sen. Thom Tillis of North Carolina for changes in the bill. Tillis ultimately was one of three Republicans to vote against the measure, but in a sign of Trump's power over legislators to pass it, Tillis said he wouldn't seek reelection after Trump said he'd likely support a primary challenger. Now, Etheridge says losing the tax credit will likely mean laying off 50 to 55 of his workers. He called the elimination of residential tax credits a 'bait and switch.' 'I made a decision from being an employee to taking out a loan from my grandmother to buy into my business and put my house on the line' in part because of the stability of the tax credits, he said. He said he'll scramble now to figure out ways to diversify his business. 'If you require a money-spigot from Washington to make your business viable, it probably shouldn't have been in business in the first place,' said Adam Michel, director of tax policy studies at the Cato Institute, a libertarian think tank. Michel said he doubted many clean energy companies would go out of business, but 'I think that they will be right sized for the market and that the people that are employed with them will find better jobs and more stable jobs in industries that are actually viable and don't require billions of dollars of federal subsidies.' Even ahead of debate over the bill, experts at E2 said in May that $14 billion in clean energy investments across the country had been postponed or cancelled this year. The bill the Senate passed Tuesday removes a tax on some wind and solar projects that was proposed in a previous version and gives utility-scale projects some time to begin construction before phasing out those tax credits. Karl Stupka, president of Raleigh-based NC Solar Now that employs about 100 people, said the Senate's bill eased the impact on commercial projects 'while destroying the residential portion of the tax credits.' Roughly 85% of his business is residential work. 'They took it away from every average American normal person and gave it to the wealthier business owners,' he said. Stupka said if the bill becomes law, companies will rush to finish as many solar jobs as they can before the credit ends. He expected to lay off half his employees, with 'trickle-down' job losses elsewhere. 'It would cause a pretty severe shock wave,' he said.
Time of India
an hour ago
- Time of India
Trump withholds $7 billion in US school funding, leaving 1.4 million students at risk
US schools face disruption as Trump withholds key education funds approved by Congress. (AP Photo) The Trump administration has abruptly withheld nearly $7 billion in federal education funding, a move that threatens to disrupt critical services for millions of students across the United States. The funding, previously approved by Congress and signed into law by President Trump in March, supports a range of programs including after-school care, summer enrichment, English language support, teacher training, and mental health services. In a notification sent to state education agencies, the US Department of Education stated the funds would not be released as expected, citing a vague review process with no timeline for resolution. As reported by The New York Times, the administration stated only that it was 'committed to ensuring taxpayer resources are spent in accordance with the president's priorities.' The decision has left school districts scrambling for contingency plans just weeks before the new academic year begins. Programs supporting millions of students face immediate uncertainty The sudden funding freeze affects multiple federally backed programs that have long supported vulnerable student populations. Among them is the 21st Century Community Learning Centers initiative, which provides after-school and summer programs for low-income students. According to The New York Times, Jodi Grant, executive director of the Afterschool Alliance, estimated that this program alone supports 1.4 million students — about 20% of all children enrolled in after-school programs nationwide. 'These dollars are essential,' Grant said, adding that the freeze is 'catastrophic' for families who rely on consistent programming for childcare and academic support. In low-income districts like Umatilla, Oregon, Superintendent Heidi Sipe said that without these funds, she has had to warn parents to prepare for canceled programs, even though 'there is no YMCA or similar alternative in our community,' as quoted by The New York Times. Impact on non-English speakers and teacher support The withheld funds also include money designated for supporting English learners and their families. Many school districts use this funding to train teachers, hire translators, and ensure access to school services. Ana DeGenna, superintendent in Oxnard, California, told The New York Times that these programs are often the only link between immigrant families and the school system. 'Without this outreach, families who do not speak English could be cut off,' she said. Another key affected program is the Student Support and Academic Enrichment grant, a bipartisan initiative in place for a decade. It funds school technology, mental health services, and staff training. Potential legal challenges and political fallout The decision has sparked sharp criticism from education advocates, Democratic lawmakers, and unions. Randi Weingarten, president of the American Federation of Teachers, called the move 'lawless,' stating that the funding was appropriated by Congress and cannot be withheld without legal cause, as quoted by The New York Times. Russell Vought, Director of the White House Office of Management and Budget, hinted at a potential rescission — a formal request to cancel funds — which, under federal law, could freeze the money until it expires, even without Congressional approval. 'No decision has been made,' Vought stated during a Senate hearing, according to The New York Times. Senator Patty Murray, a leading Democrat on the Senate Appropriations Committee, warned that each day of delay forces school districts to make painful decisions about staffing and services. 'They're forced to worry about layoffs instead of how to help kids succeed,' she said, as reported by The New York Times. School districts brace for chaos as deadlines approach In Omaha, Nebraska, Nicole Everingham, who helps coordinate after-school programming for 42 public schools, told The New York Times that staffing decisions must be made weeks before school starts. A delay, even if temporary, could lead to chaos for working parents and students who rely on after-school supervision. 'It completely puts us in flux,' she said, adding that fewer staff means fewer available slots for students. Unless reversed, the freeze could lead to broad service cuts, staffing reductions, and learning disruptions nationwide. With school budgets already under pressure, education leaders are calling for urgent action to release the funds before long-term damage is done. Is your child ready for the careers of tomorrow? Enroll now and take advantage of our early bird offer! Spaces are limited.
