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RE: Any impact on 09renewal/sub due to current economical crisis

Harutoshi Shiohara raises a question that will undoubtedly be of 
concern to all of us.  The library spend on collections has been 
going up an average of around 3% each year in the US.  Aside from 
tuition fees, so much of the academic institution funding comes 
from state budgets (for state universities) and endowments: state 
budgets in the US are under tremendous pressure and cuts in 
educational funds are imminent, and many of the endowment 
investments have lost 30% of their value and more.  Many of the 
library budgets may not see cuts immediately (funds for 2009 may 
already be allocated), but cuts appear likely since an economic 
recovery at best is on distant horizon.

It will be good to hear from librarians with firsthand knowledge.

Nawin Gupta

-----Original Message-----
From: owner-liblicense-l@lists.yale.edu
[mailto:owner-liblicense-l@lists.yale.edu] On Behalf Of SciResourcesLab
Sent: Thursday, November 20, 2008 6:45 PM
To: liblicense-l@lists.yale.edu
Subject: Any impact on 09renewal/sub due to current economical crisis

Dear All:

I am wondering if the current economical crisis affects
09renewal/subs to libraries/publishers? This is overall question,
but I do not plan to get specific cases. Also, kindly advise any
stats: URLs regarding this if any, please?

Here in Japan some article covers stories on the loss due to
universities' financing loss during this period in newspaper.

With Best Wishes,
Harutoshi Shiohara, Editor & Virtual Librarian
SciResourcesLab Inc., Tokyo