Facing a $150 million budget deficit this year due to cuts in state funding and higher operating costs, UC Berkeley has hired Bain & Co., a Massachusetts-based consultant with offices in San Francisco, for a hefty $3 million fee, plus expenses, to help the university find long-term ways to save money. As Fark.com aptly puts, "Somehow, cutting consultant fees from the budget isn't likely to make the list."

Week Around the Ists