My take on computer science --
algorithms, networking, information theory --
and related items.
And some context: Senate Looking at Endowments as Tuition Rises (NY Times). "The committee, which has a central role in setting tax policy, has been pressuring universities to use more of their wealth for financial aid and threatening to require them to spend a minimum of 5 percent of their endowments each year, as foundations must. The committee pointed out that donations to universities and their endowment earnings were both tax-exempt. Seeking to head off Congressional action, wealthy universities have been rushing in recent months to expand financial aid, in some cases using more of their endowments to increase assistance to low-income and upper-income students alike."
Nobody has mentioned the New York Times op-ed from earlier in the week pointing out how this could be a bad thing for the country overall.
That op-ed is illogical. If you follow its argument, then Harvard should really be raising tuition rates faster to avoid competing with other schools. On the other hand, it would be bad for the country, I think, if Harvard's ridiculous endowment led to Congress setting a 5% rule for all schools.
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