Money Issues

Scholarship for library school students with disabilities

AccessLife is carrying a story about how Ellen Perlow convinced ASCLA to offer a library school scholarship for people with disabilities. At first, ALA turned her down.

\"This fact made Perlow realize that the program would have to be funded independently and not detract from the Spectrum scholarships for racially diverse library students. So she went out and got her first anonymous donation and, in a very short time, the program was set.\"

The State of the GLF

LISNews is one of my hobbies, one of my other hobbies is
Investing. The Nasdaq Market has had a rough few months, and
Microsoft is a big part of that market. I\'ve been hearing
alot of talk about all the money being lost in the market,
which got me to thinking....


The Bill and Melinda Gates
Foundation
has been a huge supporter of libraries around
the world.


Bill Gates set up the GLF, in part, with money made from
microsoft.


The GLF gave almost $35 Million to libraries last year. The
GLF paid almost $24 Million in Taxes last year (Still think
the rich are undertaxed?).


So now that Microsoft stock has gone from 119 to 47 (They
lost over 11% on Friday alone) what will become of the fund?
With libraries being a small part (1%) of the fund
distributions, will this money begin to shrink?


Can anyone shed some light on this for me? I\'m curious about
the status of the fund as I\'m a big fan of the fund and what
they do.

Donate to the Clinton Library

MSNBC has a Story that looks at the new Presidental Library for outgoing President Clinton. Vinod Gupta, the Omaha, Nebraska-based president of InfoUSA had also pledged $1 million to the president’s library and got to stay in The White House.

\"One Democratic Party source tells NEWSWEEK that the Clintons have used Lincoln Bedroom overnight invitations for library donors even more than contributors to the Democratic Party or Hillary Clinton’s campaign, although the source acknowledges that there was inevitably a large overlap among those groups.\"

Rating the E-rate

Education Week has a nice Story on how the E-rate is working for us folks in the US. The say the program earns praise for overall effort, but lower marks for implementation.

\"The main theme I hear from educators and librarians is that this program has made possible the use of technology that otherwise would have been years away in classrooms,\" says Kate L. Moore, the president of the Schools and Libraries Division of the Washington-based Universal Service Administrative Co., or USAC, the nonprofit agency that manages the program for the Federal Communications Commission. \"It is allowing these organizations to leapfrog into the realm of advanced technology and learning.\" -- Read More

More trouble with Journal Costs

The Desert News has a short Story that sheds some light on the big problem many libraries are having with huge increases in journal prices.

\"John Elsweiler, interim director of libraries, announced the decision to discontinue some periodicals.
Inflation and a decrease in legislative funding have resulted in a budgeting crisis, said Elsweiler.
\"Imagine that you have to cope with an inflation rate that\'s nearly 50 percent over three years,\" said Elsweiler.\" -- Read More

Used books sales

Someone writes \"cnn.com has a \"Story about Used books sales, and how much libraries can make on them\"

From New England to the West Coast, large-scale sales of donated second-hand books -- ranging from 40,000 to a half-million volumes per sale -- are bringing in hundreds of thousands of dollars annually.

\"They\'re profitable, and in many places, they\'ve become very popular community events,\" said Christine Bragale, spokeswoman for Goodwill Industries. \"

Special Librarians\' Salaries

R. Lee Hadden writes \"bizjournals.com
In its 1999 salary survey, the 14,000-member
Special Libraries Association found that
member salaries had grown 5.1 percent in the
previous year, as compared to a 3.3 percent
increase for other white-collar workers in
roughly the same period. The average full-time
information professional was earning $52,826 a
year as of last spring.

\"

Social Class and Libraries

Social exclusion and poverty - what do they have to do with libraries? Well, two thirds of library patrons are middle class, while that group only represents one third of the population; the remaining two thirds are working class. The poor and socially excluded, as members of the working class, are not being served by libraries as they might be.


\"Public libraries, social exclusion and social class\", and article in Information for Social Change by John Pateman, explores the issue in depth, going into detail about the concept of social class and research that has been done in Britain on library use. Here is an excerpt: -- Read More

E-Rate a Success

It looks like filling out all of those E-rate forms has paid off. Computer User has this article on a report by the Education and Library Networks Coalition.\"The report released today by EDLINC is another confirmation that the E-rate program is a very powerful tool in leveling the playing field for everyone in our country, regardless of economic or geographic background,\" FCC Chairman William Kennard said in a statement released today.\" -- Read More

Librarians can make money too!!

Forbes has this article on what a few librarians have done to make more money. \"The whole New Economy is based on information, but information without access to it is no good,\" says Lynn Boyden, who recently quit as an administrator at the Information Studies Department at UCLA for a job at e-consultancy Arc. \"What they teach you in library school is that you have to process raw data to get information, information to get knowledge, and knowledge to get wisdom.\" -- Read More

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