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Editor's note
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The value of endowments at U.S. colleges and universities has swelled in recent years: to $547 billion in 2016. Schools like Harvard, Yale and the University of Texas use these billions of dollars in income to help pay for salaries, scholarships and other expenses. Now Republicans want to slap a tax on some of those earnings to help pay for their $1.5 trillion tax cut. But since only a few elite schools would be subject to the tax under the GOP proposal, is it fair or just punitive? Ohio State economist Jay Zagorsky considers the question.
In an unusually heated race, yesterday Virginians elected Democrat Ralph Northam as governor. He won handily, with a nine-point lead, but you wouldn’t have expected that based on the state’s newspaper endorsements: Nearly every editorial board in the state threw its weight behind Republican Ed Gillespie. Journalism professor Jeff South thinks it’s time for the media to stop telling people how to vote.
And on the 50th anniversary of Rolling Stone, Peter Richardson tells the story of another iconic San Francisco magazine, Ramparts, whose “rebellious spirit, flair for publicity and professional design would all leave their mark on” Rolling Stone.
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Bryan Keogh
Economics + Business Editor
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Top stories
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Harvard, located along the Charles River in Cambridge, boasts the largest endowment at $37.6 billion.
Jorge Salcedo/Shutterstock.com
Jay L. Zagorsky, The Ohio State University
Colleges and universities boast US$547 billion in endowment assets, yet only a handful of elite schools would be taxed under the proposal.
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‘When you look back on it, where else would those articles appear? The Saturday Evening Post?’
Nick Lehr/The Conversation via flickr
Peter Richardson, San Francisco State University
Ramparts started as a Catholic literary magazine. But when Warren Hinckle took the helm, he developed a layout, voice and rebellious spirit that Rolling Stone would go on to mimic.
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Ralph Northam, Democrat of Virginia, has cruised to a comfortable victory over his Republican rival. But you wouldn’t have predicted that based on Virginia’s newspaper endorsements.
Aaron Bernstein/Reuters
Jeff South, Virginia Commonwealth University
It's time for newspapers to stop telling their dwindling number of subscribers how to vote.
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Politics + Society
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Molly Pahn, Boston University; Anita Knopov, Boston University; Michael Siegel, Boston University
Data show the vast majority of people killed by gun violence are black, and live in urban areas.
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Salvador Vázquez del Mercado, Centro de Investigación y Docencia Económicas
Mexico's 2018 presidential race hasn't even begun, but it's already a nail-biter, featuring two women, a left-wing firebrand, party defections, strange bedfellows and no small dose of scandal.
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Trending on site
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Patrick Burns, Colorado State University
In our institutions of higher education and our research labs, scholars first produce, then buy back, their own content. With the costs rising and access restricted, something's got to give.
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Pedro Caban, University at Albany, State University of New York
Two hurricanes in Puerto Rico's past fundamentally transformed the island's economy and politics. Maria will be the third, says a historian.
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Sascha Meinrath, Pennsylvania State University
With a year before Election Day 2018, election integrity depends on ensuring fairness and access for American voters. Foreign tampering is a real but less serious concern.
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