I've been crazy busy with a new position here at work, so I haven't been able to indulge myself in the luxury of ranting and raving on the internet (except for 140 characters at a time, on twitter). But the article linked from the title above caught my eye, and then the following quote from that article made me laugh out loud:
Faculty members will take furloughs on days they don’t teach class...I wonder if this means that faculty can refrain from grading on those days and hand things back late. Seriously, about the only thing this frees faculty from, I suppose, is going to meetings. And, considering that meetings are scheduled in the cracks between the various members' classes, that's probably not even true.