The American Association of University Professors and the American Federation of Teachers sued President Donald Trump’s administration on Tuesday for the immediate cancellation of $400 million in federal funding to Columbia.The lawsuit reads that leveraging financial assistance to the University “underscores the threat to academic freedom.”
That is a remarkable lawsuit. The government gives about $1.3 billion to Columbia every year, it withholds about one third of it, and it gets sued for not giving more money.
If some nice Zionist billionaire gave me $100,000 last year because she loves the site so much, can I sue for her to give me the same amount this year? Because that is what this sounds like.
Actually, it is even worse. Because the lawsuit says that the government must give Columbia all this money with no strings attached.
How can I get on that gravy train?
Luckily, I have a solution for Columbia.
Right now it has an endowment of over $14 billion which it invests to pay for a percentage of the operating budget of the school. Last year the endowment fund got an 11% return.
The Tel Aviv Stock Exchange went up 27% last year.
Right now the amount Columbia invests in Israeli companies is less than 0.1%. If Columbia had put 25% of its endowment in a Tel Aviv Stock Exchange index fund last year, it would have gained far more than the $400 million that is in question.
Here's a win-win. I'm sure that all the people complaining about Columbia not receiving critical funding will be happy to implement a plan of greater investment in Israeli stocks. After all, they care so much about Columbia's budget, right?
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