What happened was this: Through my rss-reader, I saw this post on Brad deLong’s blog.
That post contained a link to an original post by Belle Waring. (No idea who she is, but the internet does give you the opportunity to read new stuff).
A quick glance at the sidebar revealed a recent post with a very interesting title: The Phenomenology of Grading 80 Papers.
Go and have a look for yourself.
All I can say is: John, you have my deepest sympathies.