Moonrat explains the awful facts of publishing's crash in September and October of this year. Her blog is one of my favorites (sidebar - Editorial Ass). I'll give a hint: it was the big chain stores' strategy of sending books back to publishers to raise money for the holiday shopping season. Publishers have to buy their books back whenever the stores decide they've been on the shelves long enough and haven't sold.
In fact, the books in my previous blog entry which were gutted and made into purses were quite likely originally returns of that kind. The solution? Buy books this Christmas. If you buy a book purse for your favorite book lover, buy a book to go in it as well. Books for everyone!
The NY Times is cautiously optimistic on the same subject, pointing out that inexpensive entertainment like books doesn't suffer as much in bad economic times as pricey fun like vacations, new electronics, new cars, etc.
Make it so, readers!
"Immersion in the life of the world, a willingness to be inhabited by and to speak for others, including those beyond the realm of the human, these are the practices not just of the bodhisattva but of the writer." --Jane Hirshfield