Our compatriots at UC-Santa Barbara have received a donation of $65 million. The Good News is that they are spending it on physics research and resisting the urge to spend it on a Grand Hotel. (There is no Bad News; UC-SB has its priorities straight.)
You can read about the big donation at http://dealbook.nytimes.com/2014/10/24/a-billionaires-65-million-gift-to-theoretical-physics/
We know. It's hard to resist the immediate gratification of a big, tangible structure.
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