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☆ Harvard ‘absolutely failed’ to comply with unprecedented subpoena in antisemitism probe, House Education Committee chair says
  + stars: | 2024-03-05 | by ( Matt Egan | ) edition.cnn.com   time to read: +3 min
CNN —Rep. Virginia Foxx, the Republican chairwoman of the House Education Committee, said Tuesday that Harvard University has failed to comply with her unprecedented subpoena for documents on campus antisemitism. Harvard turned over another trove of documents about campus antisemitism to Congress on Monday evening. Foxx argued that heavy redactions by Harvard made several documents “useless,” while many others were duplicates of documents previously submitted. The Education Committee did not detail specifically which steps lawmakers are now considering to enforce its subpoena. “Harvard denounced antisemitism on our campus and have made clear that the University will continue to take actions to combat antisemitism in any form,” Newton said.
Persons: Virginia Foxx, Foxx, ” “, ” Foxx, Harvard, –, “, Alan Garber, Penny Pritzker, There’s, Jason Newton, “ Harvard, ” Newton Organizations: CNN — Rep, House Education, Harvard University, ” “ Harvard, Ivy League, Harvard, Harvard Corporation, Harvard Management Company, CNN, University Locations: Newton
☆ Facing unprecedented subpoena, Harvard submits more documents to Congress in antisemitism probe
  + stars: | 2024-03-04 | by ( Rene Marsh | Matt Egan | ) edition.cnn.com   time to read: +3 min
CNN —Harvard University turned over another trove of documents about campus antisemitism to Congress on Monday evening in response to an unprecedented subpoena from the House Education and Workforce Committee. Harvard was facing a 5 pm ET Monday deadline to respond to the subpoena, the first issued since the House Education Committee was founded in March 1867. “Harvard has produced documents in response to the Committee’s subpoena,” Nick Barley, a spokesperson for the House Education Committee, told CNN on Monday evening. “The Committee is currently reviewing those documents.”If Harvard had not responded, the committee would have had to consider further steps to enforce its subpoena. “Harvard denounced antisemitism on our campus and have made clear that the University will continue to take actions to combat antisemitism in any form,” Newton said.
Persons: It’s, Virginia Foxx, “, Nick Barley, Jason Newton, Harvard, “ Harvard, ” Newton, ”, Alan Garber, Penny Pritzker, Foxx Organizations: CNN — Harvard University, House Education, Workforce Committee, Harvard, “ Harvard, CNN, Monday ., University, ” Harvard, Harvard Corporation, Harvard Management Company Locations: Newton
☆ House committee issues unprecedented subpoenas to Harvard in antisemitism investigation
  + stars: | 2024-02-16 | by ( Matt Egan | ) edition.cnn.com   time to read: +4 min
New York CNN —A congressional committee investigating campus antisemitism took the unprecedented step of issuing multiple subpoenas to Harvard University on Friday, compelling the Ivy League school to turn over documents lawmakers are seeking. Three different Harvard officials are being subpoenaed: Alan Garber, Harvard’s interim president; Penny Pritzker, the billionaire leader of the Harvard Corporation, the governing board of the school; and N.P. The subpoenas order the Harvard officials to produce a series of documents by 5 pm ET on March 4. That list included meeting minutes since Hamas’ October 7 terror attacks on Israel and communications by university officials related to antisemitism. “Given the breadth and extensive nature of the information Harvard has provided to the Committee, it is unfortunate that the Committee has chosen to issue subpoenas,” Swain said.
Persons: Virginia Foxx, ” Foxx, Nick Barley, Alan Garber, Penny Pritzker, Narvekar, Foxx, Jonathan Swain, “, ” Swain, Swain, ”, “ Harvard’s Organizations: New, New York CNN, Harvard University, Ivy League, Rep, House Education, Workforce Committee, Harvard, CNN, Education, Labor, Harvard Corporation, Harvard Management Company Locations: New York, Israel
☆ Just Climate raises $1.5 billion with help from Microsoft fund
  + stars: | 2023-06-08 | by ( ) www.reuters.com   time to read: +2 min
LONDON, June 8 (Reuters) - Asset manager Just Climate said on Thursday it had raised $1.5 billion for its inaugural fund after strong demand from institutional clients including Microsoft’s Climate Innovation Fund helped it beat the original target of $1 billion. Established by Generation Investment Management, Just Climate aims to focus investment on the sectors where cutting greenhouse gas emissions is hardest to do, such as cement, shipping, industrials and land use. The firm's initial fund, Climate Assets Fund I, will focus on helping companies with proven technology scale their business to a level to attract more risk-averse investors. "Proven, transformational climate solutions are being developed to decarbonise the industrial sectors. Among other investors to back the fund include IMAS Foundation, Ireland Strategic Investment Fund, Harvard Management Company, California State Teachers’ Retirement System, and Colonial First State Investments.
Persons: Shaun Kingsbury, Kingsbury, Clara Barby, Simon Jessop, Lisa Shumaker Organizations: Innovation Fund, Generation Investment Management, Climate, IMAS Foundation, Ireland Strategic Investment Fund, Harvard Management Company, Colonial, Investments, ABB, Meva Energy, Thomson Locations: California
☆ World’s largest academic endowment lost money for the first time since 2016
  + stars: | 2022-10-14 | by ( Kate Trafecante | ) edition.cnn.com   time to read: +2 min
CNN —Harvard University’s endowment lost $2.3 billion in fiscal 2022, blaming the loss on both the global market downturn as well as the university’s commitment to climate goals. This is the fund’s first negative return since 2016, according to the University’s Annual Financial Report, published on Thursday. During Harvard’s most recent fiscal year, which ended on June 30, HMC lost 1.8% on its investments, bringing the endowment’s total value down to $50.9 billion. The loss follows a banner year for fund, the largest academic endowment in the world. Its value increased by more than $10 billion to $53.2 billion fiscal year 2021 - the largest in the endowment’s history.
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