From the Yale Daily News: In a joint Instagram post on Wednesday afternoon, The Yale Review and its executive editor Meghan O’Rourke ’97 announced that the literary journal will not be hosting its annual spring festival this year. The Yale Review Festival usually features four days of panels, readings and workshops with writers and editors, but O’Rourke cited budget tightening caused by the upcoming endowment tax hike as the reason for the “difficult decision.” In the fall, administrators announced that schools and divisions across Yale would have to reduce their budget targets as the University prepares for a tax increase that will cost it about $300 million per year.
“The festival is one of the most meaningful parts of what we do — a chance to bring extraordinary writers to Yale and gather a community around literature and ideas,” O’Rourke wrote. “But in this moment of financial uncertainty, we need to be thoughtful about how we use our resources.” ...
Full story at https://yaledailynews.com/articles/yale-review-cancels-annual-literary-festival-citing-endowment-tax.
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From Inside Higher Ed: Education under secretary Nicholas Kent opened day two of the American Council on Education’s annual meeting with a clear and pointed statement—American higher education needs a “hard reset.” And much of that reset, he said, is already underway. Once a collaborative partnership funded by taxpayers to promote innovation and merit-based social mobility, higher ed has been tainted by ideologically driven universities that accept billions while “resisting any meaningful accountability for results,” the under secretary said. Now, “those days are over.”
“If you want a partnership with the federal government, it must be a real partnership, grounded in transparency, measurable outcomes and a commitment to students and taxpayers alike,” Kent explained, adding that change is coming whether institutions like it or not. “I hope that you all are ready, having made it through the five stages of grief and, most importantly, reaching the final state of acceptance.” ...
But many college leaders in the room appeared to take issue with Kent’s comments. Throughout the under secretary’s speech, many shared murmurs of disagreement and at times laughed, scoffing at his remarks. A few left the room. After Kent’s speech, Jon Fansmith, the council’s senior vice president of government relations, took to the stage and offered a sort of rebuttal. “I will point out the irony with [Kent’s] concluding remarks that they want to work with us,” he said. “Working generally involves a partnership, not acquiescence.” ...
Full story at https://www.insidehighered.com/news/government/2026/02/27/under-secretary-kent-says-higher-ed-needs-hard-reset.
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