US universities threaten to cancel subscriptions to Elsevier journals

"Several of the United State's most prestigious universities are threatening to cancel their subscriptions to scientific journals published by Elsevier, in protest at what they call exorbitant pricing. Stanford University's Faculty Senate, the latest to take action on the issue, also called on academic staff to consider placing their research in 'open access' journals.
Other universities to pass similar resolutions in recent months include Harvard, Massachusetts Institute of Technology, Duke, Cornell, the University of Connecticut, the University of California, and North Carolina State University. University librarians say that journal price hikes combined with a weak dollar and falling budgets leave them no choice but to cancel subscriptions." Go to bmj.com to read more.