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The fall of Michael Milken, Drexel Burnham and Lambert, and the junk bond market has a familiar ring. In his book Money, John Kenneth Galbraith introduces us to banking with the following sobering thoughts: “As banking developed from the seventeenth century on, so, with the support of circumstance, did the cycles of euphoria and panic. Their length came to accord roughly with the time it took people to forget the last disaster—for the financial geniuses of one generation to die in disrepute and be replaced by new craftsmen who the gullible and the gulled could believe had, this time but truly, the Midas touch.”

Few issues in recent times have so provoked debate and dissention within the library field as has the concept of fees for user services. The issue has aroused the passions of our profession precisely because its roots and implications extend far beyond the confines of just one service discipline. Its reflection is mirrored in national debates about the proper spheres of the public and private sectors—in matters of information generation and distribution, certainly, but in a host of other social ramifications as well, amounting virtually to a debate about the most basic values which we have long assumed to constitute the very framework of our democratic and humanistic society.

Throughout the history of commerce, individuals have searched for informational advantages that will lead to their enrichment. In a time of global capital markets, 24 hours a day trading opportunities, and a professional services corps of market experts, informational advantages are pursued by virtually every market participant. This paper examines one of the most vilified informational advantages in modern capital markets: insider trading. In the USA during the 1980s, insider trading scandals occupied the front pages of not only the trade papers, but also quotidian tabloids. Assailed for its unfairness and characterised by some as thievery, insider trading incidents increased calls for stricter regulation of the marketplace and its participants. In the aftermath of the spectacular insider trading litigation in the USA in the late 1980s, many foreign states began to re‐evaluate the effectiveness of their own regulatory structures. In large part, this reassessment was not the produce of domestic demand, but constituted a response to American agitation for increased regulation of insider trading.

Interrelations of writings in a complex field such as studies of science, technology and society, turn out to be highly patterned when data on author co‐citations are statistically analysed and mapped. For both authors and specialities, the maps reveal structures of subject matter and intellectual impact, based on the perceptions of hundreds of citers since 1972. A new tool thus is available to historians and others concerned with a field's intellectual development.

I feel compelled to present this lecture by some of the strongest of intellectual needs, namely to establish the relationship of my own work and interests to those of other disciplines. Some terrors lie in the revealing of the character of that work, however, particularly the fact that it combines extremes of nitpicking and speculativeness. Special terrors lie in the realization that formidable intellectual disciplines are on a collision path with that work.

High‐yield bonds have made giant takeovers possible. The largest takeover recorded so far, Kohlberg, Kravis, Roberts & Co.'s (KKR) $24 billion acquisition of RJR‐Nabisco, was financed in large part by high‐yield bonds. Even though it was almost twice the size of the largest transaction up to that point, KKR had no trouble raising the money. Like many takeover financings, the offer was oversubscribed.

A discussion of the nature of information is undertaken by bringing together the views of Brenda Dervin and Karl Popper on subjectivity and objectivity as these relate to information use. It is shown that while they take different routes, they come to similar positions. From the historical development of information science, some work on the problem of information management is selected to show the relevance of the philosophical discussion to the practice. The overall purpose is to establish information as an existent with which librarians and information scientists work in a peculiar way, resulting in the acts of classification and indexing as applied in information retrieval systems (or libraries). The nature of information and its relationship to human activities is seen to be fundamental to the practice and principles of the profession as well as the science. I use the word ‘librarian’ to indicate the intermediary since the word ‘intermediary’ can carry the meaning ‘human and/or non‐human’. Here we are concerned with human problems.

Celebrate Michael Buckland's impressive legacy to LIS by showing his humanity, generosity and versatility.

This article is walk through a scientific career in LIS. Through personal anecdotes and life history and building upon Michael Buckland's legacy, it summarises the author’s own work seen through the prism of her interactions with Buckland, leading to scholarly contributions articulating significant statements about the field of LIS as well as pointers to past relevant publications.

Michael Buckland has a unique way of putting an end to thorny LIS issues as well as being a documentator extraordinaire.

It is a personal account, as such cannot be evaluated through the classical norms of empirical research as there is no ground truth. This account shows how chance encounters with fellow scholars can have a lasting influence on one's academic career as well as wider impact in a field.

Investigates the differences in protocols between arbitral tribunals and courts, with particular emphasis on US, Greek and English law. Gives examples of each country and its way of using the law in specific circumstances, and shows the variations therein. Sums up that arbitration is much the better way to gok as it avoids delays and expenses, plus the vexation/frustration of normal litigation. Concludes that the US and Greek constitutions and common law tradition in England appear to allow involved parties to choose their own judge, who can thus be an arbitrator. Discusses e‐commerce and speculates on this for the future.

The purpose of this paper is to describe a new approach to a well-known problem for digital libraries, how to search across multiple unrelated libraries with a single query.

The approach involves creating new Dewey Decimal Classification terms and numbers from existing Dublin Core records. In total, 263,550 records were harvested from three digital libraries. Weighted key terms were extracted from the title, description and subject fields of each record. Ranked DDC classes were automatically generated from these key terms by considering DDC hierarchies via a series of filtering and aggregation stages. A mean reciprocal ranking evaluation compared a sample of 49 generated classes against DDC classes created by a trained librarian for the same records.

The best results combined weighted key terms from the title, description and subject fields. Performance declines with increased specificity of DDC level. The results compare favorably with similar studies.

The metadata harvest required manual intervention and the evaluation was resource intensive. Future research will look at evaluation methodologies that take account of issues of consistency and ecological validity.

The method does not require training data and is easily scalable. The pipeline can be customized for individual use cases, for example, recall or precision enhancing.

The approach can provide centralized access to information from multiple domains currently provided by individual digital libraries.

The approach addresses metadata normalization in the context of web resources. The automatic classification approach accounts for matches within hierarchies, aggregating lower level matches to broader parents and thus approximates the practices of a human cataloger.