Insight with Haslinda Amin 6/4/2025
Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture. (Source: Bloomberg)
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Harvard's Battle With Trump Reignites School Pride Among Alumni
(Bloomberg) -- Jessica Tang has two degrees from Harvard University but barely donated directly to the school in two decades as an alumnus. She's even publicly criticized Harvard's labor practices. Next Stop: Rancho Cucamonga! ICE Moves to DNA-Test Families Targeted for Deportation with New Contract Where Public Transit Systems Are Bouncing Back Around the World US Housing Agency Vulnerable to Fraud After DOGE Cuts, Documents Warn Trump Said He Fired the National Portrait Gallery Director. She's Still There. But now, she's co-founder of Crimson Courage, a grassroots campaign trying to rally goodwill and money for Harvard's fight against the Trump administration. The group is drawing in graduates like Tang who have previously provided little to no financial support to the university as well as those who have taken issue with its handling of an array of recent controversies. The oldest and wealthiest US university, Harvard has one of the strongest alumni organizations in the country but faced particular rebuke and a pullback in donations over its response to campus protests amd antisemitic incidents following the Oct. 7, 2023, attack by Hamas on Israel and the Jewish state's retaliatory response. Harvard's attempt to crack down on protests then deepened divisions between the administration and some students, faculty and alumni. But this year, after President Alan Garber led Harvard's defiant response to the Trump administration, there's far more unity. 'We don't agree on everything, but we agreed we could agree on these shared values,' said Tang, now the president of the Massachusetts chapter of American Federation of Teachers, an AFL-CIO affiliate. 'That doesn't mean we don't think there are problems at Harvard that still need to be resolved, because we do,' she said. 'But we think the federal overreach and retaliation is extremely dangerous — not just for Harvard, but for democracy itself.' So far, the campaign has raised more than $50,000 in less than two weeks, primarily through appeals over its website and social media. Organizers are hoping for a bigger haul as Harvard welcomes back graduates for alumni day on Friday. That's a mere fraction of the $2.6 billion in federal funding for Harvard that's been frozen by the Trump administration and the billions more that are jeopardized by threats to its tax-exempt status and an effort to prevent the university from enrolling international students. Harvard on Thursday sued to block the White House from banning foreign nationals from entering the US to study at the university. The fundraising also pales in comparison to the kind of big-money gifts that have traditionally powered Harvard's $53 billion endowment, underscoring the limits of such grassroots efforts to stabilize its financial situation. Cash gifts to Harvard dropped 15% in the fiscal year that ended in June 2024 amid a pause in support by prominent backers such as billionaires Len Blavatnik and Ken Griffin who have called for changes at the university. While high-profile alumni Massachusetts Democratic Governor Maura Healey and conservative commentator Bill Kristol joined a recent kickoff video call for the Crimson Courage that drew more than 5,000 viewers, it's not yet clear if deep-pocketed graduates will rally around this call for support. Others including investor Bill Ackman have continued to criticize the school. Renewed Loyalty Still, there's a renewed sense of loyalty among at least some Harvard students, alumni and faculty. At Harvard's commencement last month, hundreds of graduating students and their family members sported Crimson Courage stickers passed out by the campaign's volunteers. Garber received multiple standing ovations, a sharp contrast to the chorus of loud boos that greeted him last year. 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Elon Musk suffers one of the largest wealth losses ever as Trump feud escalates
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