Photo by Ben Cappellacci
The Baffler,  July 7, 2014

Daily Bafflements

Photo by Ben Cappellacci
w
o
r
d

f
a
c
t
o
r
y
• Today in Broken Records: yet another Forbes columnist helpfully explaining why Raising the Minimum Wage is Not the Answer. We would paraphrase his argument, but it’s too boring to even try to decipher.

• Today in Billionaires: Yet another eccentric Chinese billionaire philanthropist is giving away his money. But Yu Pengnian isn’t doling out cash to New York’s homeless like Chen Guangbiao; he’s actually giving away his entire fortune to a charitable foundation that supports student scholarships and earthquake relief, among other causes. The way the UK’s Mirror frames this unusual story is pretty great: “A property mogul has decided to donate his entire £1.2 billion pound fortune to charity, leaving his wife and kids with nothing . . . . You’d imagine that someone who had built such a fortune from nothing, would want to share their wealth with their family but in the case of Pengnian, you’d be wrong.”

• Did You Know that college graduates from the state of Delaware have the most student debt of any graduates in the country?

• Here’s another Fun Fact: 40,000 legitimate PhDs are granted in the United States every year, but another 50,000 fake PhDs are bought here, too.

You Might Also Enjoy

Small Man in a Memory Hole

Max B. Sawicky

Still, there is one striking dog that didn’t bark here. Nobody in the hearing questioned the premise that the Russian state interfered in the U.S. presidential election.

word factory

Baffler Newsletter

new email subscribers receive a digital copy of our current issue.

Further Reading