Editorial

Reviews a range of reports, features and web-based resources focusing on the credit crunch and the likely impact on libraries. Suggests that for public libraries, the majority of commentators indicate that the global financial crisis may be a mixed blessing, leading to new and increased use on the one hand but raising the threat of cuts to services on the other. Notes that there are few reports on the potential impact of the economic situation on academic libraries although, again, universities in general may benefit as people seek to retrain or update their skills to make themselves more marketable in the careers marketplace. Concludes with a discussion of how the core principles of librarianship should be maintained and emphasized during these hard times.