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Gee, that explains it | Leading Economic Indicators

News of the Weird by Chuck Shepherd

By News of the Weird by Chuck Shepherd

Published August 3, 2017

Gee, that explains it | Leading Economic Indicators

Jason Sexton told KFSM-TV in Fort Smith, Arkansas, in April that he alone had been digging the massive hole neighbors noticed, now 34 feet deep and with separate tunnels extending off of the main hole. Police had come to check it out, since it was on another person's private property (and not the city's, which Sexton had assumed). He said he had been digging off and on for three years to get an answer to whether "the Spanish" had been in Fort Smith centuries ago, mining iron, and, if so, the site should therefore be a lucrative tourist destination. Sexton said he felt he had to give his explanation: "Nobody in their right mind," he said, "would dig a hole (this big) for no reason." [KFSM-TV, 4-13-2017]

The eight elite Ivy League universities are better thought of as "hedge fund(s) with classes," according to a March report by the activist Open The Books, and thus there is little reason for taxpayers to have given them the more than $41 billion in grants and entitlements they received over a recent six-year period. The schools are already legendary for their $119 billion "endowments" (based on donations from alumni and aggressive investment). Those endowments are enough, according to Open The Books, that (assuming donations continue to arrive at the same pace) schools could provide free tuition to every student in the eight schools -- in perpetuity. (Even if no new donations are made, the eight schools could provide such free tuition for 51 years.) [Fox News, 3-29-2017]

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