Harvard's China Ties Become New Front in Battle With Trump
In his war with Harvard, President Trump has sought to withhold billions of dollars in federal funding from the school and strip its tax exemptions, measures the White House initially tied to perceived antisemitism at the school amid Israel's war in Gaza. In recent weeks, long-simmering Republican anger over Harvard's links to China has increasingly gained traction. The training, on the bland topic of healthcare financing, was co-hosted by a Harvard professor and involved a few dozen provincial-level bureaucrats.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
21 minutes ago
- Yahoo
Hall declares victory over Davis for Fort Worth City Council District 6 seat
Dr. Mia Hall declared victory over opponent Daryl R. Davis II to the applause and cheers of friends, mentors and family Saturday night at her election watch party at Bowlounge. Unofficial polling data shows Hall leading with 57.12% over Davis's 42.88% in the race for the Fort Worth City Council District 6 seat. Allof the 19 polling locations are reporting. Hall will fill out-going Council Member Jared Williams's shoes to represent Southwest Fort Worth and Como. In the crowd during Hall's speech of thanks were Council Members Chris Nettles, Michael Crain and Elizabeth Beck and Crowley School Board Members Dr. Nedra Robinson and Chakina Watkins. Because none of the four candidates — Davis, Hall, Marshall Hobbs and Adrian Smith — received more than 50% of the votes on May 3, the top two vote-getters went to a runoff election. On May 3, Hall had 46.8% of the votes, followed by Davis with 28.49%, Hobbs with 21.57% and Smith with 3.14%. Now with early voting results, she leads by nearly 400 votes. There was a 4.47% voter turnout. Hall said she was overwhelmed by the outpouring of support from the voters. She was formerly a Crowley ISD Board Trustee and a member of the Fort Worth Zoning Commission. 'It's been my pleasure to to have served this community in the capacity of a trustee for the last 10 years,' Hall said, 'and just to see the voter turnout, and the fact that they are going to bestow or that I may have the opportunity to represent them as the District 6 councilwoman, is just very humbling.' Hall has promised safe neighborhoods, improved roads and infrastructure, enhanced city services and the fostering of economic development. 'I made promises to our neighbors, and I plan to honor those promises,' Hall said. 'Among those were to be responsive and to be accessible, and that's something that I want to be day one. The other part will be just getting my bearings meeting the other council men and women and me and my colleagues, and just getting my footing underneath me so that we can take the priorities that our District 6 neighbors have made and put them to work quickly, without delay.' Her opponent in the runoff, Davis, promised well-planned neighborhoods that are safe and affordable to live in.
Yahoo
26 minutes ago
- Yahoo
Worried about a stock market crash? The Big Short's Michael Burry was…
The UK and US stock markets are once again approaching all-time highs. Markets have truly rebounded since Trump shocked the world with his trade policy. However, this rebound concerns me. These stock markets are trading near all-time highs despite a huge increase in the average effective US tariff, despite worsening geopolitical tensions, and despite sovereign debt concerns. Personally, I'm not sure investors have truly factored in the full impact of recent tariff increases on corporate earnings. Over the past year, average effective tariff rates have risen significantly, reaching levels not seen since the late 1930s. Under the Biden Administration, the average effective tariff rate was around 2.5%-2.7%. In May, that figure had risen to almost 20%. These tariffs have introduced new costs for businesses that rely on international supply chains. However, I just don't believe we've really seen the impact of them yet. After all, 'Liberation Day' took place at the beginning of Q2, and we're still in Q2. The full earnings impact of these tariffs is expected to become more visible in the second half of 2025, as companies report on their financial results and adjust to the new cost structures. Michael Burry, best known for predicting and profiting from the 2008 subprime mortgage crisis — a story retold in The Big Short — sold nearly all positions at Scion Asset Management in the quarter ending 31 March 2025. This move, alongside concentrated bearish bets through put options — bets that a stock will go down — on major tech and Chinese stocks, seemingly reflected his conviction that the market was sinking. Burry's only notable long was Estée Lauder, suggesting a defensive stance. However, 13F filings only show holdings as of 31 March, so his actions after that date remain unknown. As we know, the market slumped in early April but has since recovered. Within this context, I'm increasing looking at defensive options. I could look at farming stocks like Pilgrim's Pride, for example, which could outperform in a downturn. However, one option closer to home is the National Grid (LSE:NG.). The company recently reported strong financial results for the fiscal year 2025, with statutory and underlying pre-tax profit up 20%. The company is also investing heavily in its infrastructure, with a capital expenditure plan of £10bn aimed at modernising the energy grid and supporting the transition to renewable energy sources. This investment is part of a broader strategy to expand its regulated asset base, which is expected to grow by around 10% annually over the next few years. It does, however, introduce additional execution risk. Net debt is already £47.5bn — very sizeable. It's also not particularly cheap on face value. The stock trades at 14 times forward earnings, which may be a little demanding when we consider debt is on par with market capitalisation. Nonetheless, the forward dividend looks strong at 4.6%. The National Grid is not a stock I'd normally watch, but given my concerns about the potential overheating of the market, it's something I'm adding to my watchlist. It may be worth considering. The post Worried about a stock market crash? The Big Short's Michael Burry was… appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool James Fox has no position in any of the shares mentioned. The Motley Fool UK has recommended National Grid Plc. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Boston Globe
28 minutes ago
- Boston Globe
Stay strong, Harvard
Peabody Sadly, it is not surprising that the Trump White House is crying antisemitism at Harvard while simultaneously trying to oust Harvard's two most prominent (and Jewish) leaders. I fervently hope that Harvard, Garber, and Pritzker continue to stand strong. Dana Holmberg Middleborough The Trump administration has anonymously stated that 'no deal' can be made with Harvard as long as Alan Garber and Penny Pritzker remain in their positions. Both Garber and Pritzker are Jewish. To the best of my knowledge, no other university in the country is facing the same levels of harassment from the federal government as Harvard. It is time stop hiding behind the masquerade the government is using: claiming it is protecting Jewish students. This has been a lie from the first day the government took aim at Harvard. Advertisement Ed Mann Framingham
