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"In recent years, Americans have grown accustomed to living amid the smoking wreckage of various once-proud industries-automakers bankrupt, brand-name Wall Street banks in ruins, newspapers dying by the dozen. It's tempting in such circumstances to take comfort in the seeming permanency of our colleges and universities, in the notion that our world-beating higher education system will reliably produce research and knowledge workers for decades to come. But this is an illusion. Colleges are caught in the same kind of debt-fueled price spiral that just blew up the real estate market. They're also in the information business in a time when technology is driving down the cost of selling information to record, destabilizing lows. In combination, these two trends threaten to shake the foundation of the modern university, in much the same way that other seemingly impregnable institutions have been torn apart. In some ways, the upheaval will be a welcome one. Students will benefit enormously from radically lower prices-particularly people like Solvig who lack disposable income and need higher learning to compete in an ever-more treacherous economy. But these huge changes will also seriously threaten the ability of universities to provide all the things beyond teaching on which society depends: science, culture, the transmission of our civilization from one generation to the next."

Issued recent report on collaborative mgt of print collections

Problem Statement: As the availability of online scholarly resources grows, research institutions face increasing pressure to optimize management of their print collections. Consolidation and rationalization of holdings within and across institutions creates economies of scale that benefit individual institutions and the community as a whole by reducing costs and eliminating redundancies in system-wide holdings. While there is broad interest in achieving such economies, essential infrastructure for enabling inter-institutional cooperation in print management is lacking.

It's clear that the recession is accelerating the shift to digital publishing. "With the economy shaping up as it seems to be," one astute observer of trends in the university press world told me last summer, "we're going to see a 15 year leap in publishing in the next two years." And that was well before trillions of dollars started vanishing into the ether.