linkedy links xii

Atlas Hedged
Bankrupt Icelandic gazillionaires
and Woe Is Academia

Atlas Hedged
updating a classic for the modern age - recommended

Peek-a-boo - the Economist explains why Astronomers should have lots of new toys.

Check Out new Sci^Bling "Confessions of A Science Librarian"

PhysioProf's Handy Dandy Guide to D00dly D00d's - how fuckin' not to fuck up in comments on some peoples' blogs

FSP explains why you should read the backlog of student e-mails before going to the last faculty meeting
- have to get into the right frame of mind.

Iceland:

Lára Hanna interviews Michael Hudson on where Iceland went wrong

Current estimates on Iceland's net debt - so some assets are being recovered, but not as much as optimistic scenarios.
Net debt now estimated at 3.1 Trillion Krónur...
Which is about $25 billion at current exchange rates, or about 2*GDP as it was last year...
At 8%, this requires $2 billion p.a. in interest servicing, and another couple to pay back principal. Or maybe about 1/3 of GDP is the economy doesn't tank too badly.
Latest plan to get out of this, I hear from Top People, was to Win Eurovision every year, for the next century, and have a continuous stream of ABBA like performers...

or at least a few dozen "Brotherhood of Man"'s

Unfortunately we were thwarted by the Mad Norwegian Fiddler

and Jóhanna came second.
Yes it is true.

In the meantime our Billionaires are going through personal bankruptcy - and fleeing to Russia, apparently.
Russia? Maybe they realised the Brits can still get them in the Cayman's.
Bastards.

Academia:

Dean Dad on Cuts and Morale - we're all in this together, eh?

Next Budget Victim - or not.

No Good Options - more doom & gloom at Inside Higher Ed - UC and CSU dissected

Reality Check looks for opportunity in crisis

The Management Myth - or, Why We Study Nietzsche - what good is an MBA?
Oldie but goodie.

Finally - the NYT article "A Personal Credit Crisis"
- an NYT reporter explains why you must buy his upcoming book.