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How are Pittsburgh's wealthiest universities investing their billions?

It's a question PublicSource higher education reporter Emma is exploring in our latest investigative series, Opening the Books.

In the first story, Emma writes how the University of Pittsburgh and Carnegie Mellon University, two of the wealthiest schools in the nation, are getting richer through investments in private equity funds and hedge funds, including those tied to the polluting fossil fuels industry and established in offshore tax havens.

Today, Emma examines how Carnegie Mellon University receives more military funding than all but two other American universities, leading to pushback from some students.

Read more from Opening the Books below. ⬇️

Our top story

Tech funding trough or ‘war-machine pipeline’? At CMU, defense dollars total billions

Carnegie Mellon receives more Defense Department funding than most highly selective universities, covering research ranging from drones to AI. Some students are balking.

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NOT TO MISS

Pitt and CMU have grown wealthier through private, offshore investments. We followed the money.

WANT MORE? WE’RE ON IT..

Chatham Faculty United requested that the university voluntarily recognize their emerging union. In an email, the university president told faculty it would instead argue before the National Labor Relations Board that the employees are ineligible for representation.
This week, the Pittsburgh Public Schools board will vote on if the district will resume and revise its summary citation policy. Read more about the revised policy.

GREAT READ

Want to learn more about the Paradise Papers referenced in the first Opening the Books story? Check this out. ⬇️

Paradise Papers: Secrets of the Global Elite

International Consortium of Investigative Journalists

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