Wall Street Week Harvard Fights Back; Investing in Women's Sports; Faith-Based Investments
Apr 18, 2025
Larry Summers, former President of Harvard University, dives into his clash with President Trump over federal funding freezes targeting Harvard. He warns of potential tyranny affecting academic freedom. The conversation shifts to the booming investment potential in women's sports, highlighting leagues like the WNBA and NWSL. Summers and guests discuss shifting consumer engagement and the financial growth of these leagues, sparking a broader dialogue on the intersection of sports and investment, alongside faith-based investment strategies.
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Trump's Attack on Harvard: A Threat
- The Trump administration's funding freeze against Harvard is seen as an illegal and authoritarian attack on university autonomy.
- Larry Summers warns this could harm scientific progress and national security if unchecked.
Respect Legal Process in Funding
- The government should not use funding cuts to impose political conditions on academic research.
- Proper process with congressional oversight and judicial review must guide any funding decisions.
Risks of Cutting Research Funding
- Cutting federal research funding risks slowing US scientific leadership and innovation.
- Harvard's budget could manage short-term cuts, but long-term attacks would be damaging.