moniesBetcha didn’t know this, but Berkeley’s scavenged together a $1.1 billion war chest in an attempt to fend off the greedy paws of Harvard and Yale Universities. What ever for? Well, let’s just say that someone’s gon’ get bitchslapped if they make a grab for Cal’s professors again.

With the state’s deficit crisis on one hand and the filthy rich coffers of private universities on the other, Berkeley’s not in a very good position to compete for top-notch faculty or even keep the ones they’ve got now. We’re still the, quote, “jewel in the crown of public higher education.” But since 2003, we’ve lost at least 30 faculty members to eight main competitors. Leading them? Harvard. No one is surprised.

The extra money will go towards endowing chairs for 100 positions. Most of us can only dream of jobs where “$130,000 a year” means “30% underpaid”, but fingers crossed - these are our professors, after all.

Bloomberg.com: Berkeley Raises $1.1 Billion to Keep Professors From Ivy League [Bloomberg]


http://clog.dailycal.org/wp-content/uploads/2008/03/monies.jpgYou, being the erudite, technologically-savvy UC Berkeley student you are, already knew that every time you take that “How good a lover are you?” quiz survey on Facebook, you’re actually contributing to the generation of tens of thousands of dollars in advertising revenue on the net. But did you know that some of that money may be going to the bespectacled, weedy computer science major who’s just gotten onto the 52L, lurched down the aisle, and unloaded the several tons worth of textbooks strapped to his back onto the row of plastic blue seats across from you? Yeah. We didn’t, either.

Ankur Nagpal, who interviewed with BusinessWeek last week, is that man. Boy. 19-year-old. In between classes, the guy develops widgets–facebook widgets. The Clog would like to observe that widget is such a cute word for such a terror-mongering, profile-cluttering, headache-inducing, “Goddamn stop sending me those Oregon Trail invitations before I drown you with your @&(*#*!* oxen” spam magnet. This does not include the Lolcats application–we’ll always love us some Lolcats applications.

Oh, yeah–where were we? After fighting off Mojo Jojo’s agents of evil and beating out Muhammad Yunus by singlehandedly bringing about an end to world hunger, Nagpal goes on to sell his widgets to networks like Social Media Networks for anywhere between a couple hundred dollars to $40,000. read more »