Money Issues

Public Library of Science Grabs 9 Million

Jen Young noticed This Story over at The Chronicle of Higher Education.
They say Public Library of Science received a $9-million grant from the Gordon and Betty Moore Foundation to help pay for a journal project.
The journals, to be titled Public Library of Science Biology and Public Library of Science Medicine, are expected to start publication during the last half of 2003.

Boston U. refunds millions to angry donor

Michael Lambert, Charley Hivey, Bob Cox, and others sent over This CNN Story that follows up on that 3 million gift from a philanthropist who demanded his money back and threatened to sue from BU.Boston University will keep the estimated $1.2 million in interest earned during the years the money sat unused, but will donate the rest to Cape Cod Hospital and public television station WGBH-TV.

FCC Decision to Result in Higher Cell Phone Bills

This one comes by way of the Columbus Dispatch. It talks about how the FCC\'s new way of charging phone companies for E-rate is going to mean higher cell phone bills for consumers. The cost is going up, but are the benefits to libraries and the poor also going up? In light of recent \"investigations,\" one can\'t help but wonder. Read More... [may require free log-in]

$3 Million Donation Is 'Lost'

Yahoo News Is Reporting on a $3 million donation that has been "lost."Grocery entrepreneur David Mugar donated $3 Million to Boston University to renovate The Mugar Library, he said he had been told the money was "lost" through poor accounting and could not be identified among university funds.
"BU has been very apologetic about losing my money, but regardless, I want my money back," Mugar said in Wednesday's editions of The Boston Globe.

Director Says, Some Staff will See Pay Increases Next Year

Here\'s more on the situation at the Akron-Summit (OH) Public Library. It seems that the Director has decided that most staff will get a slight pay raise next year. This, of course, comes after he was given a huge bonus by his board of trustees and came under fire in the media. Read More. Related stories are Here and Here.

FCC Inspector Addresses Fraud Allegations in E-Rate Program

This one comes by way of RCR Wireless News. It deals with recent allegations that there is some questionable activity going on with regard to the E-Rate program. Interesting enough, Walker Feaster, FCC Inspector General, \"Until such time as resources and funding are available to provide adequate oversight for the USF [Universal Service Fund] program, we are unable to give the chairman, Congress and the public any level of assurance that the program is protected from fraud waste and abuse.\" Anyone surprised? Read More.

Free science database targeted by publishers

From The Scientist:

Bowing to pressure from commercial publishers and the Software and Information Industry Association (SIIA), the US Department of Energy on November 4 closed the PubScience database. Patterned after the National Library of Medicine\'s PubMed, PubScience had provided free access to research publications on the physical sciences, creating unfair competition for commercial databases, publishers argued.

\"The introduction of a free product, even an inferior one, runs significant risk of driving out cost-based products and therefore eliminating competition, resulting in a lack of choice for users,\" according to David LeDuc, public policy director of the SIIA . . .

Complete article.

Queen opens £35m King\'s College London library

Charles Davis writes \"Story at
The Gaurdian says

The Queen will be greeted by striking pickets at King\'s College London when she opens the £35m Maughan Library this afternoon.
The Association of University Teachers accused the college of \"cocking a snook\" at staff by going ahead with the ceremony on the day of a strike over London weighting allowances. The
money used to pay for the building could have been spent on increasing the London allowance for staff at the institution, said the union. \"

More sites targeted for shutdown

Thanks to the Members of SIIA we\'ve already lost PubScience, now They Want More. \"We are looking into a couple of other databases and agencies,\" said David LeDuc, public policy director at the Software and Information Industry Association. Two in particular rile SIIA members: \"One is law-related, the other has to do with agriculture,\" LeDuc said. He declined to identify them further.

Can a Credit Card Support Libraries?

This brief one comes by way of Library Journal...

\"City officials in Huntington Beach, CA, are planning to issue a citywide credit card that they hope will generate $2 million annually. At a time when local budgets are being cut, the beachside community of 200,000 needs the proceeds to help fund libraries, parks, senior citizen projects, and municipal maintenance projects. The credit card will be marketed through official mailings, according to the Christian Science Monitor, and some local merchants will post advertising.\"

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