With universities and colleges in desperate need of funds far in excess of the $14 billion in federal stimulus money allotted by the CARES Act, Covid-19 may well be what some have called an “extinction-level event” for higher education. Schools often run deficits in normal times; in 2019, nearly 1,000 private colleges were already borderline insolvent. Covid will cause many to shutter for good. It is accounting, not epidemiology, that drives university administrators to push for a rapid return to business as usual, effectively demanding that faculty and staff sacrifice their lives for the financial health of their employer. – The New Republic