Thursday, 30 October 2025
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Trump Threatens To Divert Harvard Endowment Funds To Vocational Schools (1)
Monday, 26 May 2025 23:58 WIB | ECONOMY |ECONOMIC

President Donald Trump threatened Monday to divert billions of dollars in endowment funds from Harvard University and give them to vocational schools across the U.S., escalating his feud with the elite institution.

"I am considering taking Three Billion Dollars of Endowment Funds from the highly anti-Semitic Harvard, and giving them to STRUGGLE SCHOOLS across our country," Trump said in a social media post. "What a great investment that would be for the U.S., and much needed!!!"

Harvard did not immediately respond to a request for comment.

The Trump administration has moved to freeze funding and block Harvard's ability to admit international students in an intensifying battle over what the president has characterized as the Ivy League university and others' failure to crack down on antisemitism.

Harvard is the oldest and richest U.S. university with a $53 billion endowment. Administration officials have used that as a pretext to pressure the school to institute sweeping policy changes that university officials say violate its free speech and academic mission. Harvard has been at the center of Trump's campaign, with the administration suspending more than $2.6 billion in federal research funding and saying the school would not be able to receive new funding.

The administration has demanded a series of changes as a condition for continuing its financial relationship with the university: It must overhaul its governance, change its admissions and faculty hiring policies, which the administration has called discriminatory, and stop accepting international students who officials say are hostile to American values. The administration also says Harvard must ensure a greater diversity of viewpoints on a campus it says is too liberal. Harvard sued in April. The administration has also moved to bar Harvard from admitting foreign students, but the university won a temporary injunction blocking the administration from enforcing the ban.

Read More: Harvard Wins Temporary Blockade of Trump's Foreign Student Ban

Homeland Security Secretary Kristi Noem said last week that Harvard's response to the administration's request for information about abuses committed by foreign students was inadequate.

To regain its program's certification, Harvard has 72 hours to provide six categories of information about foreign students over the past five years, including disciplinary records and videos of them taking part in protests.

Harvard has yet to turn over information on foreign students, with Trump calling the university "very slow in turning over these documents." The information is needed, Trump said in a second post on Monday, the Memorial Day holiday, to determine "how many radicalized lunatics, all troublemakers, should not be allowed back into our Country."

At Harvard, nearly 6,800 students — 27% of the student body — are from other countries, up from 19.6% in 2006, according to university data. Harvard says its international population on campus is more than 10,000, which includes students or others who come for non-degree programs and their dependents. (alg)

Source: Bloomberg

RELATED NEWS
US S&P Global Composite PMI improves to 54.8 in October ...
Friday, 24 October 2025 21:21 WIB

Business activity in the United States' (US) private sector expanded at a healthy pace in October, with the S&P Global Composite Purchasing Managers' Index (PMI) improving to 54.8 in the flash est...

US CPI Rises 3% For September Report...
Friday, 24 October 2025 19:50 WIB

The annual inflation rate in the US rose to 3% in September 2025, the highest since January, from 2.9% in August and below forecasts of 3.1%. The energy index increased 2.8% and the food index increas...

Trump ends all trade negotiations with Canada...
Friday, 24 October 2025 14:52 WIB

U.S. President Donald Trump said on Thursday that all trade negotiations with Canada have been terminated, accusing Ottawa of using a "fraudulent" advertisement involving late President Ronald Reagan....

China confirms US trade talks to be held in Malaysia from Friday...
Thursday, 23 October 2025 15:16 WIB

Chinese Vice Premier He Lifeng is set to meet U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer from Friday, as the world's two largest economies try to ease an unexpected ...

US Shutdown: Why It's Not Over Yet....
Wednesday, 22 October 2025 17:49 WIB

Shutdown pemerintah AS sudah masuk hari ke-22 (22 Oktober 2025), menjadikannya kedua terpanjang dalam sejarah. Di Senat, pemungutan suara untuk membuka kembali pemerintahan sudah 11 kali gagal, sehing...

LATEST NEWS
Silver Holds Strength, But Challenges Await

Silver prices on October 30, 2025, showed stable movement despite market uncertainty. After several days of pressure, silver managed to recover slightly, moving around $23.50 per ounce this morning. The strengthening US dollar, driven by hawkish...

Hang Seng Rises: Fed & Xi–Trump Effect?

The Hang Seng Index rose 0.4% to 26,455.74 on Thursday (October 30th), marking a three-week high. The rise was driven by expectations of a deal at the Xi–Trump meeting and positive sentiment after the Fed cut interest rates by 25 basis points and...

Silver Moves Sideways, Awaits Fed Signals

Silver prices are trading in the $46-$48/oz range with high volatility. The two driving forces remain the same: safe-haven sentiment (global uncertainty + Fed rate cut expectations) and industrial demand (solar/electrification), which maintains...

POPULAR NEWS
Asian Stocks Gain on AI, Now Awaiting the Fed
Wednesday, 29 October 2025 07:34 WIB

Asian stock markets opened higher on Wednesday (October 29th), buoyed by positive sentiment from Wall Street. Investors are confident that the...

Is Europe Still Bullish or Starting to Be Cautious?
Tuesday, 28 October 2025 14:50 WIB

The European session on Tuesday, October 28, 2025, opened on a more cautious note. After consecutive rallies and a new record on the STOXX 600...

Europe Rallies Again, But Will It Sustain?
Monday, 27 October 2025 14:57 WIB

European stocks continued to strengthen on Monday, October 27, 2025, as markets grew more confident after the US and China announced they had a...

Fed poised to cut rates this week, with more easing likely on tap
Monday, 27 October 2025 23:10 WIB

Federal Reserve policymakers are widely expected to reduce U.S. short-term borrowing costs this week by a quarter of a percentage point for the...