Tag Archives: volumes

The recession hits Harvard…with interesting changes – more money to undergrads, less to books

Harvard isn’t belt-tightening everywhere. Since 2007, its investment in financial aid to undergraduates has risen by more than 78%, which Harvard said is “significantly outpacing increases in tuition.” Undergraduate tuition for the 2012-13 year climbed 3.5% to $54,496.

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As it looks to economize, Harvard has turned some of its attention toward the more than $160 million it spends each year on its nearly 375 year-old library system, which holds 17 million volumes, and includes 73 separate libraries. Widener, the flagship library, alone has 57 miles of shelving.

Harvard is also changing its philosophy on owning books. The goal: Provide access to them rather than collecting each one, which can lead to costs for storage and preservation, a 2009 Harvard task-force report said. The library will extend partnerships to borrow from other libraries, and further digitize its own collection so it can share with others.

The university is finding it “increasingly painful” to manage academic-journal subscriptions, which annually cost it about $3.75 million, Harvard Provost Alan Garber said.

In a move watched throughout academia, Harvard in April urged its faculty members to publish in open-access journals. “Move the prestige to open access,” a memo said.

 

Keep reading: Wall Street Journal - Economy Tests Harvard

 

 

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R&D spending by the big three in smartphones – Nokia, Google, Apple

A fascinating graphic and the article it is pulled from.

 

 

Nokia led the wireless revolution in the 1990s and set its sights on ushering the world into the era of smartphones. Now that the smartphone era has arrived, the company is racing to roll out competitive products as its stock price collapses and thousands of employees lose their jobs.

This year, Nokia ended a 14-year-run as the world’s largest maker of mobile phones, as rival Samsung Electronics Co. took the top spot and makers of cheaper phones ate into Nokia’s sales volumes.

Nokia is losing ground despite spending $40 billion on research and development over the past decade—nearly four times what Apple spent in the same period.

Instead of producing hit devices or software, the binge of spending has left the company with at least two abandoned operating systems and a pile of patents that analysts now say are worth around $6 billion, the bulk of the value of the entire company.

 

Source: Wall Street Journal - Nokia’s Bad Call on Smartphones