Daily Bafflements

The BafflerFebruary 18, 2015
Photo by Daniel Oines

Photo by Daniel Oines

• Today in Billionaires: Warren Buffett’s Berkshire Hathaway has dumped stock in Exxon Mobil, citing a desire to stop supporting non-renewable energy resources that are threatening our environment. What’s that? Oh, sorry, no, the reason is actually just “plunging” oil prices.

• “The Clinton Foundation has dropped its self-imposed ban on collecting funds from foreign governments and is winning contributions at an accelerating rate,” reports the Wall Street Journal today. “The Clinton Foundation has set a goal of creating a $250 million endowment…Saudi Arabia, United Arab Emirates and Oman donations went to the endowment drive.”

• Fox News reporter James Rosen’s State Department source for this story about a nuclear test by North Korea has been jailed after being charged with violating the Espionage Act, even though the story wasn’t really “much of a scoop” at all. The Intercept has the story.

• Sorry, kiddos. A new report by the New York Fed demonstrates the explosion of student debt over the past decade, in which time the average balance of loans has grown by a whopping 74 percent. Up until 2012, 30-year-olds with student loans (and accompanying college or graduate school degrees) were more likely to own homes; since then, the trend has reversed, and young grads with loans are less likely to own homes.