“It is one of our comforting and enduring myths that as China becomes more modern and sophisticated, more like us, it will come to adopt our values. I’m not sure it’s going to be like that. [Chinese students during the Lhasa riots in 2008] were very hostile to the criticism of the Chinese government. The key insight for me is that rather than pro-democracy feelings increasing as China grows economically, it is a radical, shrill nationalism that is emerging. There is an enthusiastic embrace of the economic benefits of the market but resentment of Western cultural hegemony. The attitude is: if we make it economically, we don’t have to kowtow to you culturally." more ›

Shanghai Jiaotong University (SJTU) has released its fifth annual Academic Ranking of World Universities (ARWU) which saw American universities take eight of the top ten spots. Harvard University emerged right on top, followed by Stanford University and University of California-Berkeley. Britain's Oxford and Cambridge -- the only two non-American universities to make it to the top ten -- secured the fourth and tenth positions respectively. The top university in Asia was the University of Tokyo, edging in at the twentieth spot. more ›

Many American private universities have huge endowments, which are something like a trust fund, or more colloquially a "nest egg," sometimes worth billions of dollars that the universities use for whatever purposes they see fit. The size of the endowment (stop snickering now) is in no small way related to the reputation of the university. For example, Harvard University's is worth a whopping $22.6 billion (second only to the Gates foundation in net worth among non-profits). Of course, you don't get this kind of money by letting it sit in the bank -- you use all the investment tools and expertise at your disposal to make more money. more ›