Tuesday, May 27, 2025

Higher ed has never been this low

Pour one out for Harvard students.
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Today's Agenda

Crisis on Campus

President Trump can't seem to stop hating on Harvard, so I guess we gotta talk about it. Today, a letter revealed that his administration plans to rip up $100 million worth of federal contracts with the university. In case you need reminding, Harvard is the oldest and richest school in the nation, so people are very, ahem, passionate about it, as evidenced by this 2,264-word tweet billionaire hedge fund investor Bill Ackman fired off on Memorial Day.

Noah Feldman, a law professor at the esteemed Ivy, calls Trump's attack on the college's international student population a blatant violation of the law, amounting to something "much greater than visas for foreign students." In his eyes, "Trump is trying to break the world's leading university because he knows that higher education — everywhere — is one of the bulwarks of a free society devoted to pursuing truth without fear or favor … if he can defeat a school that is so well-resourced, globally known, and institutionally powerful, then he can take down any university he wants."

But artificial intelligence might beat the president to it: Bloomberg's editorial board says AI is quickly turning higher education into a copy-and-pasted pursuit that's void of instruction and learning.

"Assignments that once demanded days of diligent research can be accomplished in minutes. Polished essays are available, on demand, for any topic under the sun. No need to trudge through Dickens or Demosthenes; all the relevant material can be instantly summarized after a single chatbot prompt," the editors write (free read). "Students who still put in the hard work often look worse by comparison with their peers who don't." Then there's perhaps the biggest losers: students who insist they aren't using AI when their teacher says they are.

"It's an untenable situation," the editors write. "Computers grading papers written by computers, students and professors idly observing, and parents paying tens of thousands of dollars a year for the privilege." They point to a number of solutions — tightening policies around AI, paying for software to combat cheaters — but the most obvious thing might be more in-class assessments. Time to bring back these bad boys and "use your imagination," I guess:

But no amount of dreaded blue books will solve the college affordability crisis. Will investing $1,000 for each American citizen born through 2028 help? Perhaps, yet Abby McCloskey has her doubts about the efficacy of the so-called "Trump Accounts" in the Republican tax bill: "Two-thirds of American kids cannot read or do math at grade-level by fourth grade. This suggests that instead of an investment whose biggest expected use is higher education, children need earlier investments in high-quality tutoring to stay on track," she writes. "Before sharing in the noble goal of stock ownership, let's get reading and math right."

Speaking of getting the math right: I'm not sure Trump's attack on international students really adds up. On Tuesday, Secretary of State Marco Rubio ordered US embassies to stop scheduling student visa interviews while the administration mulls a plan that would force all international candidates to undergo social media screening. What are they gonna do, Control + F to find all the watermelon emojis in the WhatsApp chat? Not only would that be a gross invasion of people's privacy, it'd be a waste of time and resources. If anything, this administration would be better off digging through the ChatGPT histories of all applicants instead.

Bonus AI Reading: 

  • Despite the tech industry's rush, there are foundational cracks that will hold back AI agents in the near term. That's a good thing. — Catherine Thorbecke
  • The Trump administration might turn over the Library of Congress' intellectual property to the tech sector, which could use it to train AI. — Stephen Mihm

God Did That?

After placing a wreath in front of the Tomb of the Unknown Soldier at Arlington National Cemetery on Monday, Trump told a crowd of veterans he was actually glad he didn't win the 2020 election because without that loss, he wouldn't have been able to preside over (1) The FIFA World Cup in 2026, (2) The 250th anniversary of America's founding and (3) The 2028 Summer Olympics in Los Angeles. "Amazing the way things work out," he said. "God did that."

Hmm. Did God force Germany and the Netherlands and Belgium to issue travel advisories for the US? Did God make sure travel from Canada was down for the third straight month? Did God deny entry to travelers with visas at the border over minor infractions? No, no, and no — Erika D. Smith says that was all Trump. And that hostility might put a damper on the trifecta of parties he's planning: "At a time when the US should be preparing to roll out the proverbial welcome mat to the world, Trump's erratic immigration policies and draconian rhetoric are instead scaring tourists away," she writes.

Unsurprisingly, those foreigners are taking their dollars elsewhere. Specifically, the land of 7-Eleven and kawaii: "A cottage industry has spun up in Japan in the last few years offering abandoned houses, known as akiya, to foreigners," writes Gearoid Reidy. Although cosplaying My Neighbor Totoro sounds fun — see: this couple from Brisbane living out their Pinterest-board dreams — Gearoid says it's not all it's cracked up to be. "It was only this decade that Japan first began making it harder for foreigners to buy properties even in sensitive areas next to military bases or nuclear plants," he writes.

Health risks aside, there are the unhappy locals to deal with: "With the secret now out about Tokyo's international attractiveness as a place to live, it's a good time for lawmakers to get ahead of the conversation — before it fuels further public discontent."

Bonus Unwelcome Mat Reading: Legal immigrants — many of whom are gainfully employed — are now getting swept up in Trump's deportation obsession. — Patricia Lopez

This newsletter is only a small sample of our global opinion coverage. For a limited time as an Opinion Today reader, you can get half off a full year's subscription and unlock unlimited access to all of our columnists and exclusive newsletters. Don't miss out.

Telltale Charts

While China's busy making electric trucks that will eventually "build the cities of the future" — David Fickling's exact words — Liam Denning says US lawmakers are busy delivering "an enormous blow" to America's already-struggling electric vehicle market. "The House tax bill is a maximalist assault on EV subsidies, canning the 30D credit and tightening conditions for the manufacturing credits like a noose … The same goes for the Senate's vote to block California's program banning gas-guzzlers by 2035," he writes. And yet, there's no way for Republicans to rewind the clock entirely: "The sector will not abandon EVs altogether; doing so would be industrial suicide when virtually the entire world is shifting toward them."

Meanwhile in India, Javier Blas says "a significant chunk of gasoline demand comes from two-wheelers rather than cars, making the shift to electric vehicles — in this case, the vehicles are small motorcycles — relatively easy." Although the oil market still plays a significant role in the country's economy, (see: Andy Mukherjee's column on the complicated politics of India's bio-ethanol mandate) Javier says it's not going to be anything like the gangbuster petroleum growth that China experienced in the early aughts.

Further Reading

Dick Cheney, is that you? Republicans have decided that deficits don't matter. — Clive Crook

Mexico needs to forge a better partnership with the US to take on its murderous narcos. — Juan Pablo Spinetto

The DOJ's probe into former New York Governor Andrew Cuomo looks a lot like election interference. — Barbara McQuade

Can the US restore manufacturing? A glass plant in Georgia shows the way. — Thomas Black

Labour and the Conservatives shouldn't be so obsessed by Reform that they lose sight of the center. — Rosa Price

Five years after George Floyd's murder, the anti-woke backlash is in full force. — Nia-Malika Henderson

Older Americans who are immune to weak labor and housing markets keep the economy on track. — Conor Sen

By cooperating on a joint stablecoin, big banks could shield themselves from reputational risk. — Paul J. Davies

ICYMI

Mark Zuckerberg loves MAGA, but does MAGA love him?

Apple is planning a dedicated app for video games on its devices.

US consumer confidence went from cold to hot real fast.

Kickers

Meet the new trio at Hogwarts.

At Roland-Garros, humans beat robots.

Steve Madden's shameless embrace of dupes.

Yet another money-losing resale at the Plaza.

Baby bald eagles are keeping people sane.

Notes: Please send baby birds and feedback to Jessica Karl at jkarl9@bloomberg.net.

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