Afternoon Update: Amid financial headwinds, some colleges dig deeper into their endowments

Protest and civil disobedience as different things; 120 NYU faculty and students are arrested; U.S. settles for $139 million in Nassar case; and more. ADVERTISEMENT [Afternoon Update Logo]( You can also [read this newsletter on the web](. Or, if you no longer want to receive this newsletter, [unsubscribe](. 'A VERY CHALLENGING ENVIRONMENT' [Amid Financial Headwinds, Some Colleges Are Digging Deeper Into Their Endowments. Will More Follow?]( By Dan Bauman [STORY IMAGE]( The Chronicle identified at least nine institutions that have withdrawn larger-than-typical sums to comply with bondholders, cover operations, or even finance capital projects. ADVERTISEMENT THE REVIEW | OPINION [Protest and Civil Disobedience Are Two Different Things]( By Keith E. Whittington [STORY IMAGE]( Students and administrators need clear sets of principles about campus activism. CAMPUS UNREST I [120 Are Arrested as NYU Authorizes New York City Police to Sweep Campus Plaza]( A police spokesperson said those arrested included both students and faculty members at New York University. The protesters, who called for NYU to divest from companies with ties to Israel and to close its Tel Aviv site, were arrested for trespass and most were released. The arrests follow [similar actions]( at [Columbia]( and [Yale]( amid [national protests](. (Washington Square News, The Chronicle) CAMPUS UNREST II [Walkout Planned at U. of Minnesota-Twin Cities After 9 Antiwar Protesters Arrested]( Protest organizers said they would lead a class walkout this afternoon and try to re-establish an encampment that authorities cleared from the campus early Tuesday. (Minnesota Public Radio) ACCOUNTABILITY [U.S. Agrees to $138.7-Million Settlement Over FBI’s Botching of Nassar Allegations]( The U.S. Justice Department on Tuesday said it had settled with more than 100 people who accused the FBI of grossly mishandling allegations of sexual assault against Larry Nassar, a [sports doctor at Michigan State University]( and for Olympic gymnasts. The FBI’s failure allowed Nassar to continue to prey on victims. He is now serving a life term in prison. (Associated Press, The Chronicle) CAMPUS CUTS [U. of St. Thomas, in Minnesota, Cuts Budget but Says Programs Won’t Be Eliminated]( The Roman Catholic university cited the “headwinds affecting all of higher education” in saying it would lay off 26 employees and leave 30 positions unfilled to help close a $10.5-million budget gap. “No academic programs or faculty positions were eliminated,” it said. The cuts represent just under 4 percent of its budget. 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