Get LISNews via email! Enter Your Email Address:
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
Bill Gates set up the GLF, in part, with money made from
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
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.\"
\"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
\"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
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. \"
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 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
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
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
Here is an Article on how the little book stores are just not surviving in today\'s economy.
\"BLOOMFIELD, N.J. (CNNfn) - For bookseller Dan Di Domenico it isn\'t a \"new economy.\" It\'s no economy.
\"I\'ve been losing $1,000 a month for the last 10 months ... I\'ve let my inventory run low to pay bills. You just can\'t go on that way, you know?\" He plans to close his Bloomfield, N.J., bookshop, \"Daniel\'s Den,\" next month, ending a 23-year run.
It\'s not an unfamiliar situation for a small business. In 1998, the most recent year for available statistics, roughly 870,000 businesses ended operations, according to the Small Business Administration.\" -- Read More