Daily Bafflements

• Today in billionaires: Top-tier donor Dan Loeb gets caught in the Ashley Madison hackers’ net, and Matthew Yglesias posits that it’s not Trump’s antics that are making waves, it’s his policy positions, popular amongst the Republican rank and file, but not amongst Super-PAC donors like Loeb.

• Food for thought: Tracie McMillan takes on America’s freshness fad and the rampant wastefulness it’s caused. So before you pass over the mushy peach at the grocery store or in your fridge, McMillan asks that you consider that

Food currently represents the single largest category of solid waste that goes into our landfills. And whenever we waste food, we are also wasting the resources required to produce it. The water that goes into growing all this discarded bounty could, if conserved, meet the annual household water needs of 500 million people—the populations of the U.S., Canada, and Mexico combined. And the energy required to grow it represents 70 times the amount of oil spilled in the 2010 Deepwater Horizon disaster.

• Bloomberg Business reports that the majority of Americans seemed to be unfazed by recent tremors in the global stock market, and have kept on blithely spending.