Kai Ryssdal is my best friend

Do you keep an eye on the currency markets? If you’re an acquisitions librarian, you should. In particular, pay attention to the dollar against the pound or the euro. I remember a professors in my graduate program emphasizing that point, but it wasn’t until recently that the practical implications sunk in. If you think 5% annual price increases are bad, factor in the current rate of exchange and be prepared for a shock.

Many major journal publishers, if not most, are headquartered in Europe. Pricing is therefore based on the euro or pound, which are both currently much stronger than the dollar. I’m not suggesting that you watch the market daily or scour each issue of The Wall Street Journal, but be aware of economic trends, and when the bill comes for your annual renewals, you’ll be ready with either additional funding already secured, or a list of titles to cancel.

dubya action figure

I can’t believe it! Well, actually, I can believe it, because people will buy anything. Not only did a majority of Americans buy that pseudo-patriotic crap with the “President” landing the aircraft on the aircraft carrier, but they’ll probably fork over more money to buy this so-called action figure! I’ll bet that none of the soldiers who were delayed in their return home by that PR stunt will be spending their hard-earned cash on this frippery.