We Don't Need No Education

From an article on the Jacobs University Bremen (via German Joys), which recently changed its name after receiving a $250 million donations from a certain Herr Jacobs:

German universities lack the resources of their American rivals. The United States spends 2.6 percent of its gross domestic product on higher education; the Germans, only 1.1 percent.

I guess because Germany would rather spend money on the past (like coal subsidies) than on the future. The closing quote was also cute.

Why didn’t Mr. Jacobs give his millions to his own alma mater, the University of Hamburg? “They didn’t ask.”