Okay, I’ll apologize. A.S. funds a lot of important stuff. They’re pretty cranky about it, though. It’s almost like they lost a million dollars of student money on the stock market.

Almost.

Of course that’s all hypothetical. I mean, I don’t check my facts or anything.

Hypothetically, their brokers called them and warned them to reinvest. Instead, they lost the equivalent of $50 for every undergraduate enrolled at UCSB. It’s okay. We’ll still throw more money at them… hypothetically.

Friday’s forecast: The Base Fee Initiative – third time’s a charm.