Wuhan coronavirus - Page 20

Princeton Rejects $2.4 Million in Federal Bailout Funds

Princeton University announced on Wednesday that it will reject a $2.4 million federal bailout that it was set to receive under the CARES Act. Ivy League institutions, many of which boast multi-billion-dollar endowments, have been criticized by both President Donald Trump and the public for accepting millions in federal bailout funds.

Princeton Campus (Kah-Wai Lin/Flickr)

Yale Rejects Millions in Federal Bailout Funds

Yale University announced on Wednesday that it will reject $6.9 million in federal bailout funds that the institution was entitled to receive under the CARES Act. Yale releases a statement saying: “We hope that the Department of Education will use Yale’s portion of the funding to support colleges and universities in Connecticut whose continued existence is threatened by the current crisis.

Yale university

Zoom Reaches 300 Million Users Despite Security Flaws

Video conferencing service Zoom has reportedly reached 300 million users despite its growing number of security and privacy issues. The company’s userbase has surged 50% in just the last month based on the economy and education system relying on the service.

Zoom CEO Eric Yuan

UChicago Students Threaten to Withhold Tuition if Denied Refunds

Students at the University of Chicago are threatening to withhold tuition payments if university officials do not issue refunds for the ongoing spring semester. In a letter to university officials, students argued that they are entitled to a 50 percent refund on tuition costs due to the ongoing Chinese virus pandemic.

An employee at a money changer counts USD 100 bills in Manila on October 25, 2012. AFP PHO

Report: Business Partners Shocked by the Number of Security Flaws in Zoom

A recent report from The New York Times reveals that file-hosting service Dropbox privately paid hackers to find bugs in the software of video conferencing firm Zoom and then pressured the company to fix them. It reportedly took more than three months for Zoom to fix one of the security lapses identified by Dropbox.

Zoom CEO Eric Yuan