Joel Waldfogel, an economist at the University of Minnesota, studies gift-giving and says most recipients value gifts about 20 percent less than they cost the giver. Worldwide, that amounts to tens of billions of dollars down the drain every year. The problem in a nutshell is that while we can all shop efficiently for ourselves, most of us just stink at finding good gifts. Waldfogel says if Christmas were a government program, we'd classify the whole thing as a gigantic waste.
U of M Crookston prof not a ‘Millionaire’
But wildlife ecologist John Loegering did win $13,550 on the “Who Wants to be Millionaire” television show that aired Thursday. He decided to take the money instead of risk a wrong answer on this question: Because it’s a symbol of hospitality, what fruit was chosen by Chuck Williams to be the logo of his Williams-Sonoma stores?