Latest news with #TheTrump
Boston Globe
18-04-2025
- Politics
- Boston Globe
Don't praise Harvard just yet
Advertisement Given the options, we should all be relieved to see Harvard's leadership show some fight. But Harvard does not deserve praise, at least not yet. Harvard has spent much of the past 18 months To earn the public's praise, and to deserve its nonprofit status, Harvard needs to do more than defend itself. With an endowment of more than $50 billion, it is time for Harvard — and peers like Advertisement It is disappointing that there hasn't been aunified front. One explanation is that universities have become anti-democratic institutions more invested in their endowments and rankings than producing knowledge for the common good. Formal power tends to reside in external, and largely unaccountable, boards of trustees whose interests often diverge from the institution's educational missions. This denies core institutional stakeholders — like faculty, staff, students, and communities — any meaningful role in university governance. These dynamics are crippling universities' resolve to defend their communities, their values, and democracy itself. Juxtaposed to this inaction, a groundswell of higher education workers is uniting around a basic call: We need our universities to fight, together. By one recent estimate, Faculty governing bodies are also urging their universities to unify. The Rutgers University Senate recently called on all Big 10 universities to enter a NATO-like Advertisement Such statements are not limited to individual universities. Earlier this month, nearly 5,000 professors endorsed a The Trump administration is open about its desire to leverage funding to exert '
Vox
08-04-2025
- Business
- Vox
The best financial advice right now is the most counterintuitive
The Trump administration's announcement of widespread tariffs has thrown the stock market into a tailspin, increasing the odds of a recession. This economic turmoil could have far-ranging implications, and some Americans' first question — and the outcome they believe they have most control over — is how to handle their retirement savings and other investments. While recent losses to your 401(k) account may inspire panic, experts caution most people (basically anyone not nearing retirement or recently retired, in which case the advice may vary) from making drastic changes to their investment strategy. The current financial situation is propelled by fear, says Meir Statman, a professor of finance at Santa Clara University and the author of A Wealth of Well-Being: A Holistic Approach to Behavioral Finance. While selling stocks during a downturn may feel satisfying in the short term and scratches the itch to take some sort of action, Statman says you need to rely on more than intuition in making significant financial moves. 'Surely I wish I sold my stocks on Tuesday of last week, but I didn't, and I cannot sell them now at last Tuesday's price,' Statman says. 'I know that in all likelihood, I'll be making the wrong decision, and that wrong decision is going to cost me if I get out now.' Today, Explained Understand the world with a daily explainer plus the most compelling stories of the day, compiled by news editor Sean Collins. Email (required) Sign Up By submitting your email, you agree to our Terms and Privacy Notice . This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. The most sound financial guidance will also be the most familiar: Stay the course, don't let emotions be the sole driver of your decisions, and look to the past as a guide. 'It's much easier said than done to distract yourself and not look at your retirement account, not trade at a time of heightened volatility,' says Greg McBride, the chief financial analyst at Bankrate, 'but often the best step to take is to do nothing at all.' How emotions impact financial decisions Seeing losses in your portfolio elicits the same fight-or-flight response as other physical or psychological threats, says Danielle Labotka, a behavioral scientist at investment research firm Morningstar. So it's natural to want to pull your money out of the stock market. But in order to invest well, you need to act against this impulse. 'Our brain says, 'This is really bad. It feels really bad. You need to do something, get out,'' Labotka says. 'The problem with that is that investing requires us to be patient. It requires us to stick to plans long term. It requires us to persevere when things are difficult and stay the course.' Both long-term and short-term financial decisions are driven by a mix of emotion and logic, Statman says. But it is important not to let feelings outweigh reason. Recent stock losses have prompted emotional reactions — fear, uncertainty, anger. At the same time, the logical thought process assumes the market will continue to fall based on how it has behaved over the past week. To prevent losing more money, people of course think it's time to sell their stocks. 'The best days in the market often come on the heels of the worst days in the market and nobody's going to ring a bell when it's time.' — Greg McBride, chief financial analyst at Bankrate However, taking the time to pause and consider the ramifications of your actions may deter you from making short-sighted financial moves. Selling low typically results in a loss and you could come to regret that choice later on. It is also difficult to gauge the best time to buy and you may miss the upward trajectory. 'Studies have shown that missing the best days in the market significantly reduces your long-term rate of return,' McBride says. 'But the thing is, the best days in the market often come on the heels of the worst days in the market, and nobody's going to ring a bell when it's time for the market to turn around.' Each downturn feels uniquely scary — but think through long-term financial decisions While it is impossible to predict the future, looking at history can provide comfort. After each market crash over the last 150 years, the market not only recovered but continued to grow. Each moment of economic instability has a unique catalyst — currently, a budding international trade war — so it's difficult to make direct comparisons to the downturns caused by the pandemic or the bursting of the dot-com bubble, McBride says. But it can still be beneficial to understand overall trends. 'Look back at the past and say, 'Yes, this feels bad, yes, it may be bad for a while. Who knows?' Labotka says. 'But history tells us that it will end.' But because no one can predict the exact details of our financial future — which tariffs will be implemented, which will be walked back, how the market will respond — the best way to cope with the unknown, experts say, is to do nothing, at least for the time-being. This can be particularly distressing advice while watching the numbers in your retirement or investment accounts dwindling. But experts agree to try to keep this news out of mind as much as possible. Try limiting how much financial information you consume, deleting investment apps from your phone, or consulting with a financial adviser who can manage your investments for you. It's best to create some distance between your knee-jerk impulse and action, Labotka says. Consider what has changed for you financially since the tariffs were announced — 'not what has changed in the markets,' she says. This involves thinking about why you're investing. Maybe that's to better support your loved ones in the future or to donate to worthy causes. Then, think about your financial goals: to retire by 65 or to pay for your kids to go to college. If those motivators and goals haven't changed, neither should your strategy. 'Most likely, your financial plan already accounts for the fact that you're going to have these days in the market where things go horribly awry,' Labotka says, 'and therefore you should stick with the plan, because the plan already accounts for it.' 'Most likely, your financial plan already accounts for the fact that you're going to have these days in the market where things go horribly awry, and therefore you should stick with the plan.' — Danielle Labotka, behavioral scientist at Morningstar If you do need to make adjustments to your financial plan, Labotka says to increase your cash savings. However, don't divest your stocks just to put that money in the bank. Instead, see where you can cut recreational spending or tighten your budget to offer more of a savings cushion. You may also choose to put a little less money toward your 401(k) and instead put it into a savings account. (But do not stop contributing to your retirement fund altogether.) Older adults, meanwhile, should shift to a more conservative investment strategy to minimize the level of volatility they're exposed to. Get used to uncertainty It's okay to acknowledge how the current economic situation is impacting your feelings, Labotka says. If you fail to properly deal with your fear, anxiety, discomfort, or anger, you may rush to eliminate unpleasant emotions with rash decisions. 'When you do that, you're going to be inflicting harm upon your future self,' Labotka says. 'Because in the moment, you're going to feel relieved, but in the future, you're going to be like, 'Wow, I really lost out on a lot of money because I panicked in the moment and sold so that I could feel good then.'' As counterintuitive as it may seem, getting comfortable with economic uncertainty can help you better prepare for when it inevitably happens again. Resist the urge to act quickly and take the long view.
Axios
04-04-2025
- Politics
- Axios
Man mistakenly deported to El Salvador must be returned, judge orders
The Trump administration must return a man who was mistakenly deported to El Salvador to the U.S., a judge ordered Friday. The big picture: Kilmar Armando Abrego Garcia, a Salvadorian national living in Maryland legally, was detained by immigration officials and erroneously deported despite a prevailing court order saying he could remain in the U.S. The move sets the stage for yet another high-stakes legal battle between the judicial and executive branches, testing the limits of President Trump 's power. Driving the news: U.S. District Judge Paula Xinis said Abrego Garcia must be brought back from an El Salvador prison by midnight Monday, per the court order. Context: Abrego Garcia was stopped on March 12 by immigration agents who wrongly told him that his status had changed. He was questioned about gang affiliation and transferred to a Texas detention center before being taken to El Salvador. Abrego Garcia has not been convicted of gang-related crimes, though he was accused of such in court. The Justice Department later said that "although ICE was aware of his protection from removal to El Salvador, Abrego Garcia was removed to El Salvador because of an administrative error."
Yahoo
03-04-2025
- Politics
- Yahoo
Visas of 'a small number' of University of Cincinnati international students revoked
The Trump administration revoked visas for "a small number" of international students at the University of Cincinnati, the school's president said in an email Thursday evening. The university learned that the F-1 visas of those students were revoked by the Department of Homeland Security. UC President Neville Pinto said the school was not contacted by the department or given specific reasons for the students' visas being revoked. F-1 visas allow international students to study in the United States. "UC representatives are in touch with each of our impacted students, and we are doing what we can to support them during this incredibly challenging time," Pinto said in the letter addressed to the campus community. The Enquirer has reached out to a UC spokeswoman for more information. The revocation for students at UC comes as a handful of students at universities across the country have had their visas revoked. The Trump administration issued an executive order earlier this year prompting the U.S. State Department to do a full review of all visa programs and ensure foreign nationals do not pose a threat to national security, a spokesperson for the agency told The Enquirer's network partner USA TODAY. In particular, federal officials have targeted pro-Palestine students in ongoing protests across the country. On Tuesday, UC campus police arrested a student with a Palestinian flag after they said he was impeding other demonstrators on campus. UC is home to around 4,600 international students, roughly 9 percent of its student body, according to the school's most recent enrollment numbers. This story may be updated. This article originally appeared on Cincinnati Enquirer: Visas of University of Cincinnati international students revoked
Yahoo
01-04-2025
- Politics
- Yahoo
Trump administration suspends a host of federal grants to Princeton University
The Trump administration cut funding to a host of Princeton University research projects, the school said Tuesday, marking the latest Ivy League campus to see federal backing reduced or revoked. The university received notifications from government agencies including the Department of Energy, NASA and the Defense Department that funding had been suspended for several dozen research grants, Princeton President Chris Eisgruber said in a statement Tuesday. "The full rationale for this action is not yet clear, but I want to be clear about the principles that will guide our response," he said. In recent funding cuts targeting Ivy League schools Harvard and Columbia, the White House demanded action over allegations of antisemitism that came from last year's student protests against Israel's military action in the Gaza Strip. "Princeton University will comply with the law," Eisgruber insisted. "We are committed to fighting antisemitism and all forms of discrimination, and we will cooperate with the government in combating antisemitism. Princeton will also vigorously defend academic freedom and the due process rights of this University." Columbia eventually agreed to implement a series of policy changes, including overhauling protest rules and reviewing its Middle Eastern studies department. An Education Department spokesperson declined to comment Tuesday and referred questions to NASA, the Energy Department and the Defense Department. Representatives for those agencies could not be immediately reached for comment. College campuses across America erupted in protests a year ago as Israel continued to pound the Gaza Strip in its effort to root out Hamas fighters who carried out the Oct. 7, 2023, assault on the Jewish state. Protests at Columbia might have been the most-high profile as demonstrators eventually broke into Hamilton Hall, drawing the response of NYPD officers to clear the scene. The Morningside Heights campus remains largely closed to the public, nearly a year after the protests article was originally published on
