Oh, those federal jobs he’s been DOGEing for the past weeks in an attempt to demotivate folks out of them?
This administration’s incoherence comes back to bite it in the ass again.
Perhaps in theory, but not in practice as a historical norm. And, certainly not for "standard" non-appointed, bureaucratic roles.
It's important that we don't normalize what we're seeing here, in terms of quality or degree.
Or we didn't. Now we do. Kinda sucks.
Submitted some historical breadcrumbs here: https://news.ycombinator.com/item?id=43686221
The current administration is making all positions political, and in doing so, performing an end run around the legislative branch.
Harvard (and most institutions and powerful individuals) would be smart to maintain liquid assets and a bank account outside America’s control.
I like the way you think!
There really isn't such a thing if you want to do business in America. If you're in the US and doing business with a bank, the courts can order that bank to do things or face isolation from the entire financial system.
There are to varying extents. You want a country that isn't aligned with or dependent on America, but also isn't its adversary. (And which has a good banking system.) That list was classically Turkey, the UAE and Switzerland. Today I'd add India, Qatar, Canada and Brazil and remove Switzerland.
US courts shut down a series of Swiss banks that were trying to hide American's assets behind the swiss banking secrecy laws while also doing business on American soil (just having bank employees in the country did it).
Of course it does. The hypothetical we're considering is the administration illegally freezing bank accounts. You don't need something legally impenetrable. Just complicated enough that it slows down the goons while you fight them in court.
Alumni will need to come through for continuing operations if the worst does happen. And I'm certain Harvard has put some thought into that contingency as well.