A professor at the University of Pennsylvania, one of the nation’s purportedly premier Ivy League colleges, took the day off his job the other day to praise luigi mangione,
Dr. Julia AlexeyevaShe, who describes herself as a “socialist and staunch anti-fascist” and uses the social media handle “@thesoviette”, took to TikTok to say she had never felt prouder working at the same school as the 26-year-old suspect. The killer had graduated. Brian Thompson, CEO of UnitedHealthcare.
The song “Do You Hear the People Singin’?” Her creepy messenger from “Les Miserables” was the backdrop for real “workers of the world unite” stuff. Later in a separate social media post, the good doctor referred to (God knows what) Mangione as an “icon”.
The distorted message of all this is crystal clear: Destroying Thompson is hilarious just because it fits a certain social justice narrative. Those who fit the left’s definition of a greedy capitalist deserve to die.
If you’re wondering what this kind of pedagogy accomplishes, consider this: UPenn was one of the hotbeds of Jew-hatred After the Hamas massacre of October 7. Due to the indifference of its administrators towards wild celebrations Its president, Liz Magill, was forced to resign.
Alexeyeva, who has apologized, did not respond to a request for comment; A representative for Penn told The Post that her comments “were contrary to the university’s values” and that Alexeyeva “has withdrawn them.”
Of course, better late than never. But I’m a finance writer. So I started asking my Wall Street sources how could a school afford the luxury of employing the wacko who would go there in the first place?
Penn charges more than $85,000 a year to indoctrinate its graduate students to the left, and according to my Wall Street sources who track the college finance racket, the inflated tuition bill is still barely enough to make ends meet. Are not.
This is where the school’s billion-dollar endowment comes from.
sermon fund
They are the funding source for the progressive ideology we have in the college classroom. The incoming Trump administration has a prime opportunity to end this madness of how they have rigged the education system at taxpayers’ expense.
Consider: UPenn’s endowment comes to approximately $23 billion; Harvard’s $53 billion. By comparison, the hedge fund known as Point72, run by longtime trader (and Mets owner) Steve Cohen, has $35 billion in assets under management.
Yes, these guys are big and powerful in the markets. College endowments invest in everything from private equity to venture capital startups to plain vanilla stocks and bonds. Their investment executives have been ranked in the mainstream media with some of the best money managers in the world. They often deliver double-digit returns due to their size, which puts them at the forefront of the most attractive investment opportunities.
Recently, some of the largest funds have turned to private equity funds with investments in China to manage some of their money. One such fund, Singapore-based Hillhouse, has offices in Beijing, Shanghai and Hong Kong. The Yale Endowment was a major Hillhouse client.
People at Hillhouse say the company is reducing its exposure to the Communist Chinese economy. But if you know anything about China Inc., any business there is closely tied to the ruling Chinese Communist Party.
You see where I’m going with this. Yale saw some of the most Terrible anti-Israel demonstrations after October 7, School administrators largely ignored it in silence. Yet the party did not show a single glimpse of the Chinese government’s oppression of religious minorities like the Uyghurs.
And they do all this with substantial taxpayer support that goes beyond the usual things like increasingly forgivable student loans and government grants for stupid research. The endowment is largely tax-exempt, which is why Donald Trump could start putting an end to this madness if he and his people had the guts to go there.
Large endowments do not have their capital gains taxed. Same is the situation for dividends. They get away with paying just 1.4% tax on income. There is talk in Trump circles of taking it to 35% or higher because such untaxed profits effectively give the endowment license to finance the most bizarre stuff coming out of the university system.
And this is where things can get interesting. Let’s focus on UPenn, which has the typical endowment investment structure of the Ivies.
Based on a reading of its annual report, private equity represents the largest share of funding in UPenn’s $23 billion endowment, at more than $8.4 billion in 2023 compared to $7.8 billion. Taxing the fund, combined with a slowdown in fundraising from alum-like wealthy Wall Streeters. Mark Rowan of Apollo Global Management may force the endowment to sell PE holdings, which are notoriously undervalued.
The result is a cash crunch, which is forcing administrators to make some tough decisions — including whether it’s worth paying for TikTok-happy, Mangione-tastic professors like Alexeyeva.
