Welcome to Avenger Books:
This imprint will publish my future works of fiction. Address all written inquiries about my books to:
Avenger Books
P.O. Box 555
Chester, MD 21619
Wednesday, June 15, 2011
Sunday, June 12, 2011
Wonderful advance reader responses for "Hunter"
I'm back from a week's vacation with The Wife in North Carolina, during which time my "beta readers" have been sharing their feedback with me on the manuscript for Hunter.
I'm tremendously encouraged by their enthusiastic responses, and humbled by their detailed critiques and suggestions. The published book will be much improved, thanks to their invaluable input and insights.
This week, I'll be racing to incorporate corrections and tweaks, kick development of a new "fiction" blog into gear; finalize my marketing plan; and prepare the manuscript for ebook and print-book publication. There are many things to do, so my posts will be limited here. But I hope that the book -- which should be available by the end of June in ebook editions, and early July in print -- will be more than a worthy substitute for blog posts.
I'm tremendously encouraged by their enthusiastic responses, and humbled by their detailed critiques and suggestions. The published book will be much improved, thanks to their invaluable input and insights.
This week, I'll be racing to incorporate corrections and tweaks, kick development of a new "fiction" blog into gear; finalize my marketing plan; and prepare the manuscript for ebook and print-book publication. There are many things to do, so my posts will be limited here. But I hope that the book -- which should be available by the end of June in ebook editions, and early July in print -- will be more than a worthy substitute for blog posts.
Friday, June 03, 2011
Finishing my first novel on June 4th
I've just finished the climactic chapter of my novel, HUNTER: A Thriller.
I can't begin to tell you how I feel about it. Let's just say that I've poured wine and am toasting myself.
I'll finish the final "tying up loose ends" chapter tomorrow, and then my first novel is DONE.
The day before my 62nd birthday. As I promised myself.
The book will be available as an ebook by month's end, and almost immediately thereafter as a trade paperback. Details to come.
Thanks to all of you who have either encouraged or endured me during this process.
UPDATE -- C'est fini...just an hour or so before my birthday. Can't tell you how great it feels.
I can't begin to tell you how I feel about it. Let's just say that I've poured wine and am toasting myself.
I'll finish the final "tying up loose ends" chapter tomorrow, and then my first novel is DONE.
The day before my 62nd birthday. As I promised myself.
The book will be available as an ebook by month's end, and almost immediately thereafter as a trade paperback. Details to come.
Thanks to all of you who have either encouraged or endured me during this process.
UPDATE -- C'est fini...just an hour or so before my birthday. Can't tell you how great it feels.
Monday, May 30, 2011
How the Ruling Class manages America's collapse
The inimitable Mark Steyn, in his inimitable style, connects a few dots from the news in order to sketch a telling portrait of America's decline. This time he provides both a macro- and micro-view of the workings, and staggering costs, of our Regulatory State -- designed and managed by Ruling Class grandees and bureaucratic caliphs. Sample:
Plucked at random from the ObamaCare bill:As ever, read it all.
"The Secretary shall develop oral healthcare components that shall include tooth-level surveillance."
"Tooth-level surveillance"? Has that phrase ever been used before in the entirety of human history? Say what you like about George III but the redcoats never attempted surveillance of Gen. Washington's dentures. Why not just call it "gum control"?
The hyper-regulatory state is unrepublican. It strikes at one of the most basic pillars of free society: equality before the law. When you replace "law" with "regulation," equality before it is one of the first casualties. In such a world, there is no law, only a hierarchy of privilege more suited to a sultan's court than a self-governing republic. If you don't want to be subject to "tooth-level surveillance," you better know who to call in Washington. Teamsters Local 522 did, and the United Federation of Teachers, and the Chicago Plastering Institute. And as a result they've all been "granted" ObamaCare "waivers." Rule, Obama! Obama, waive the rules! If only for his cronies. Americans are being transferred remorselessly from the rule of law to rule by an unaccountable bureaucracy of micro-regulatory preferences, subsidies, entitlements and incentives that determine which of the multiple categories of Unequal-Before-The-Law Second-Class (or Third-Class, or Fourth-Class) Citizenship you happen to fall into.
And yet Americans put up with it. According to the Small Business Administration, the cost to the economy of government regulation is about $1.75 trillion per annum. You and your fellow citizens pay for that – and it's about twice as much as you pay in income tax. Or, to put it another way, the regulatory state sucks up about a quarter-trillion dollars more than the entire GDP of India. As fast as India's growing its economy, we're growing our regulations faster. Oh, well, you shrug, it would be unreasonable to expect the bloated, somnolent hyperpower to match those wiry little fellows back at the call center in Bangalore. Okay. It's also about a quarter-trillion dollars more than the GDP of Canada. Every year we're dumping the equivalent of a G7 economy into ever more ludicrous and wasteful regulation.
Wednesday, May 25, 2011
Amazon moves into big-time publishing
Robin Sullivan, who is attending BookExpo America (aka "BEA"), reports that the really big buzz so far is that Amazon is moving into publishing, big time.
In contrast to the legacy publishers, Amazon has demonstrated that it knows exactly what it's doing, which is how it has come to dominate, first, online book marketing, then the ereader market, and then the ebook self-publishing market. Now it is diving into print publishing, too -- first with "CreateSpace" for self-publishing authors, and now with a number of genre imprints for select titles.
As I've noted before, Amazon clearly has the goal of achieving complete "vertical integration" in the book business: from attracting authors and their manuscripts, to publishing (Kindle Direct Publishing, CreateSpace, and a host of print imprints), to creating great sales platforms (online and the Kindle).
Amazon has allowed authors to bypass the need to hire agents before getting published; they have allowed authors to avoid getting trapped in the endless "query go 'round" with traditional publishers, hawking their manuscripts for months or years and waiting desperately for acceptance; they have let authors bypass the need to have agents or lawyers parse the fine print of book contracts (by offering a single, simple deal to all); and they've allowed authors to bypass bookstores and still be able to generate big sales.
Amazon also has dramatically accelerated the process of book publishing (from edited manuscript to publication within weeks, instead of a year or more), of paying author royalties (monthly, with just a 60-day lag, instead of semi-annually or even annually), and of generating marketing attention (through online linking, reviewing, and recommendations). In short, they've made the process of book publishing completely painless and author-friendly.
Now, they're taking those same practices into the print business and are planning to seduce bestselling authors away from the legacy presses with better deals. To head up this operation, they've hired the former CEO of Time-Warner Publishing. How good will their contracts be for authors? Well, even Joe Konrath and Blake Crouch, two hugely successful self-publishers, have been offered a contract attractive enough that they've agreed to let Amazon publish a print version of their new collaborative novel, Stirred -- an inaugural title for Thomas & Mercer, Amazon's new mystery and thriller imprint. Amazon also has launched Montlake Romance, its imprint brand for the romance genre, and is about to unveil a sci-fi/fantasy imprint, too. These are added to Amazon's existing imprints: AmazonEncore (the company's flagship general imprint), AmazonCrossing (dedicated to literature in translation), Kindle Direct Publishing (for self-pubbed ebooks), and CreateSpace (for print-book self-publishing).
As a measure of how much Amazon is disrupting the book industry -- from publishers to agents to bookstores -- check out this piece in Publishers Weekly, commenting about the launch of Amazon's Montlake Romance imprint. You don't have to read between the lines to see how worried they are.
UPDATE The NYT reports on BookExpo America, saying, "There is a Wild West quality to the book business these days":
UPDATE #2 -- Author Michael A. Stackpole explains why traditional publishers are going the way of the Dodo bird, and author & publisher Dean Wesley Smith adds his thoughts in a blog post and some appended comments.
Meanwhile, Publishers Lunch -- a quasi-official daily e-letter covering the industry from the vantage point of legacy publishers -- reports in its 5/26/11 issue the following:
In contrast to the legacy publishers, Amazon has demonstrated that it knows exactly what it's doing, which is how it has come to dominate, first, online book marketing, then the ereader market, and then the ebook self-publishing market. Now it is diving into print publishing, too -- first with "CreateSpace" for self-publishing authors, and now with a number of genre imprints for select titles.
As I've noted before, Amazon clearly has the goal of achieving complete "vertical integration" in the book business: from attracting authors and their manuscripts, to publishing (Kindle Direct Publishing, CreateSpace, and a host of print imprints), to creating great sales platforms (online and the Kindle).
Amazon has allowed authors to bypass the need to hire agents before getting published; they have allowed authors to avoid getting trapped in the endless "query go 'round" with traditional publishers, hawking their manuscripts for months or years and waiting desperately for acceptance; they have let authors bypass the need to have agents or lawyers parse the fine print of book contracts (by offering a single, simple deal to all); and they've allowed authors to bypass bookstores and still be able to generate big sales.
Amazon also has dramatically accelerated the process of book publishing (from edited manuscript to publication within weeks, instead of a year or more), of paying author royalties (monthly, with just a 60-day lag, instead of semi-annually or even annually), and of generating marketing attention (through online linking, reviewing, and recommendations). In short, they've made the process of book publishing completely painless and author-friendly.
Now, they're taking those same practices into the print business and are planning to seduce bestselling authors away from the legacy presses with better deals. To head up this operation, they've hired the former CEO of Time-Warner Publishing. How good will their contracts be for authors? Well, even Joe Konrath and Blake Crouch, two hugely successful self-publishers, have been offered a contract attractive enough that they've agreed to let Amazon publish a print version of their new collaborative novel, Stirred -- an inaugural title for Thomas & Mercer, Amazon's new mystery and thriller imprint. Amazon also has launched Montlake Romance, its imprint brand for the romance genre, and is about to unveil a sci-fi/fantasy imprint, too. These are added to Amazon's existing imprints: AmazonEncore (the company's flagship general imprint), AmazonCrossing (dedicated to literature in translation), Kindle Direct Publishing (for self-pubbed ebooks), and CreateSpace (for print-book self-publishing).
As a measure of how much Amazon is disrupting the book industry -- from publishers to agents to bookstores -- check out this piece in Publishers Weekly, commenting about the launch of Amazon's Montlake Romance imprint. You don't have to read between the lines to see how worried they are.
UPDATE The NYT reports on BookExpo America, saying, "There is a Wild West quality to the book business these days":
E-books have exploded, surpassing print sales for some new releases. The struggles for many brick-and-mortar bookstores have deepened as their customers began downloading books onto their e-readers from home rather than heading to stores.But offering more probing and prescient observations, this guy calls the BEA shindig "industry dinosaurs on parade":
Easily eliciting the most chatter was Amazon’s announcement on Sunday that it had hired one of the industry’s best-known veterans, the publisher turned agent Laurence J. Kirshbaum, to head a new imprint for Amazon that will publish general-interest titles. On Wednesday Amazon said it had acquired a book by the thriller writer Barry Eisler, who had announced this year, with much fanfare, that he was abandoning a six-figure contract with his publisher out of dissatisfaction with the traditional book industry.
The New York Times claimed that “e-business is the buzz” at BEA. Not a chance. Read between the lines of the action on the floor, listen to the people in the trenches of publishing and selling books, and you see an industry that still hasn’t begun to comprehend the e-media revolution that is rapidly engulfing it. The industry is a mass of silent film stars telling each other that the talkies are no threat.That's how I see it, too.
I attended BEA on Tuesday and found that, overall, interest in technology is superficial at best. In the eyes of the industry — that is, as one person put it, the old white men in their 60s and 70s who run the big publishers –- e-books and what they represent are a curiosity and maybe potential opportunity. But they aren’t vital to to the industry because its captains think they have all the time in the world to understand and exploit it.
Their focus is still on paper, on cutting deals and cutting costs, on keeping business, as much as possible, as it always has been. And, understandably, you can’t walk easily walk away from the bulk of your business. However, the publishers have fought progress rather than embraced it. Collectively, publishing decided to stick its big toe into the ocean just as a series of 8-foot waves are about to hit the shore. The result will be ugly.
UPDATE #2 -- Author Michael A. Stackpole explains why traditional publishers are going the way of the Dodo bird, and author & publisher Dean Wesley Smith adds his thoughts in a blog post and some appended comments.
Meanwhile, Publishers Lunch -- a quasi-official daily e-letter covering the industry from the vantage point of legacy publishers -- reports in its 5/26/11 issue the following:
Eisler's Next John Rain Novel to Amazon's Thomas & MercerEisler went on to explain that the ebook deal from Amazon was so sweet that he was willing to take more modest royalties on his print edition, so that the book would do well in bookstores and generate lots of attention for the ebook. This pricing strategy infuriated traditional booksellers at BEA:
At our Publishers Launch Conference Wednesday afternoon [at BookExpo America], [best-selling thriller author] Barry Eisler announced that, rather than self-publishing, his next John Rain novel THE DETACHMENT will be published by Amazon's new mystery/thriller imprint Thomas & Mercer in both digital and print formats. "What Amazon has offered is everything that was so great to me about self publishing on the one hand, but everything you want from traditional publishing," including marketing and distribution. "I get the best of both worlds," he added.
Amazon is also paying Eisler an advance, one "that was comparable to what St, Martin's was offering in the deal I ultimately decided didn't make sense." They [have] also given him "control over the packaging and consultation over the pricing of the book," with a royalty he called "much more favorable" than a traditional deal. (It's for world rights, and includes audio as well.)
The royalties offered for the print edition are also "comparable" to the St. Martin's deal, and Eisler suggested that "paper has become a subsidiary right" with "independent advertising value"....
When an audience member asked about the nature of Amazon's contract, Eisler (who is trained as an attorney) said "I've never seen a better publishing agreement than what Amazon presented me. It's readable, it's understandable, and it's transparent."
In the following panel, however, ABA [American Booksellers Association] COO Len Vlahos took issue strongly with Eisler's contention that booksellers should be happy to sell low-priced print versions of books which Amazon publishes digitally. "Organizationally we could not disagree with Barry Eisler more." Vlahos objected to having "one entity [Amazon] basically use [print] books as a loss leader and devalue books.... I applaud his innovation, but I think it's grossly misguided. If you do the math on what he is talking about, Amazon is going to lose a lot of money on their contract with him, and you have to wonder about that."To which I say: Ha! Amazon has demonstrated that it's anything but stupid. What really frosts the legacy press is the fact that Amazon is starting to woo away their bestselling authors with far better deals; that it will no doubt cut the cover prices of print books; and that it will still make money -- which they can't.
Major publishing executives confirm their utter incompetence
Executives representing traditional publishing companies, on an industry panel this week at BookExpo America, demonstrate their utter cluelessness about how to address the ebook revolution. Here's a sample, to give you a clear grasp of their self-admitted incompetence:
The ebook revolution has allowed authors to (sometimes) reclaim from publishers the rights to these older titles, then self-publish them. Books that are years old are now discovering new readers as ebooks, and some are selling hugely. But traditional publishers are sitting on vast archives of these works, and haven't a clue what to do with them.
Here's another report about the same panel. Skim it, then try to answer two questions: (1) What the hell are these self-important idiots saying? and (2) What author in his right mind would entrust his work and career to this collection of lame-brains?
Though none of the panelists, publishers all, were ready to say they don’t care about consumers—Random House Digital President Amanda Close immediately responded that “we have always cared deeply about our consumers”—they admitted that they’re facing stiff challenges in getting readers to discover new e-books. “Publishers do not know how to market e-books yet,” said Evan Schnittman, Managing Director of Group Sales and Marketing at Bloomsbury. Or, rather, they know how to market the new titles that they’re simultaneously marketing in stores, but the older titles that publishers are converting into e-books present more of a challenge. “Let’s be honest with ourselves, we’ve never marketed backlist before,” Schnittman said."Backlist" refers to older titles, the ones that the publishers no longer push. The way the industry has worked to date, they throw out a book for a few weeks, wait for the sales (and unsold returns) from bookstores, then forget about it (and its author) and move on to the next book, hoping for a bestseller. For authors, this means that their books have little chance of being discovered by readers before their publishers abandon efforts to sell them, and they become "backlist titles" -- which one exec admits "we've never marketed."
The ebook revolution has allowed authors to (sometimes) reclaim from publishers the rights to these older titles, then self-publish them. Books that are years old are now discovering new readers as ebooks, and some are selling hugely. But traditional publishers are sitting on vast archives of these works, and haven't a clue what to do with them.
Here's another report about the same panel. Skim it, then try to answer two questions: (1) What the hell are these self-important idiots saying? and (2) What author in his right mind would entrust his work and career to this collection of lame-brains?
Monday, May 23, 2011
How independent bookstores might survive
A couple of posts down, I took note of the spiteful boycott by independent booksellers against "indie" authors Joe Konrath and Blake Crouch, because of their decision to publish a book with Amazon. Many independent bookstores regard Amazon as the Great Satan of the book business, the "enemy" who is putting them out of business.
This is stupid. It isn't Amazon that's putting them out of business; it's their customers. Customers want maximum choices and convenience, minimum prices and wasted time. Right now, Amazon does a much better job of giving them those things than do bookstores, including "indie" bookstores.
So, is there anything that independent bookstores can do to save themselves, in an era when so many of their customers are taking their physical book purchases online to sources such as Amazon, or to ereaders such as the Kindle, Nook, and iPad?
Maybe. But to survive, they'll have to get out of the way of the customer-driven bandwagon, and instead leap on board. If indie bookstores want to survive, then -- in addition to those suggestions offered by Konrath and Crouch at the linked blog post -- here are a few more things I would do if I owned an independent bookstore:
1. Turn your physical location into an advantage, rather than a liability. Change from being just another warehouse for books, into becoming a constant meeting place for authors and their fans.
This expands on a point made by Konrath and Crouch. There is a BIG niche market of fans who want to meet their favorite authors -- including local authors. I know fans (self included) who would drive many miles to spend time with their favorite writers.
So, transform your store into a literary meeting place -- not just in the evenings, but all day -- where authors meet with their fans. It benefits authors by cementing their bond with readers and peddling their wares. It obviously benefits readers. And, if the stores charged a small cover fee ($5?) for the event, as well as sell the author's books (including POD books on consignment), that would keep the lights on and pay the hired help.
Authors can also be invited to hold workshops about writing, self-publishing, etc. The authors could charge a fee, and the bookstore could take a cut.
2. Embrace indie/self-published titles, rather than banishing them. Many readers love novelty in novels (and nonfiction). They can buy Big6 bestsellers everywhere. But where can they get edgy, unusual, provocative, or unsung titles? Not in Barnes & Noble. And who there would know much about them?
So, become known as THE place that stocks and advises readers about indie titles.
3. Embrace ebooks. Hold classes for potential buyers to explain and demonstrate the various differences among various ereader gadgets, and how to use each device most effectively. Run hand-holding sessions for the technologically timid to introduce them to the Brave New World of ebooks and ereaders. Then stock and sell ereaders to your customers. Or rent them, by the day.
4. Partner. If all indie stores in a region worked together, they could coordinate their calendars of events so that they could run "tours" of authors among the various member stores in nearby towns. "Meet Author X at 10 a.m. in Store A." "Meet Author X at 1 p.m. in Store B." "Meet Author X at 7 p.m. in Store C." Advantage for the author: He can sell lots of books and meet lots of fans in a given region during a short period of time. Advantage for stores: a constant flow of interesting authors.
Will ideas like this save indie stores? I don't know. But it's clear their current business model won't work much longer. Either they transform themselves to embrace the current customer-driven changes, or they won't survive. That's the message they need to confront. Throwing temper tantrums against indie authors such as Joe Konrath is just trying to kill the messenger.
UPDATE -- Dean Wesley Smith really knows how to think outside the cliche -- and he has an absolutely fabulous idea. So good, in fact, that I think you'll soon see this one at stores everywhere: books in the form of GIFT CARDS.
UPDATE #2 -- News for chain bookstores on May 25 isn't great.
From Books-a-Million: Sales for Books-A-Million's first quarter dropped 11 percent to $104 million, with store comps falling 13.2 percent from last year (when the company reported a 3.6 percent drop from 2009.) The bookseller lost $3.5 million, compared to $2 million in profits at this time last year. Clyde Anderson, CEO, blamed "the growing effect of e-book penetration" and "the effects of the devastating tornado outbreak" that hit the Midwest and Southeast region in the early part of 2011. Yeah -- blame the weather.
Meanwhile, from Barnes & Noble comes news of an unspecified number of layoffs, including executives, at a New Jersey distribution center.
This is stupid. It isn't Amazon that's putting them out of business; it's their customers. Customers want maximum choices and convenience, minimum prices and wasted time. Right now, Amazon does a much better job of giving them those things than do bookstores, including "indie" bookstores.
So, is there anything that independent bookstores can do to save themselves, in an era when so many of their customers are taking their physical book purchases online to sources such as Amazon, or to ereaders such as the Kindle, Nook, and iPad?
Maybe. But to survive, they'll have to get out of the way of the customer-driven bandwagon, and instead leap on board. If indie bookstores want to survive, then -- in addition to those suggestions offered by Konrath and Crouch at the linked blog post -- here are a few more things I would do if I owned an independent bookstore:
1. Turn your physical location into an advantage, rather than a liability. Change from being just another warehouse for books, into becoming a constant meeting place for authors and their fans.
This expands on a point made by Konrath and Crouch. There is a BIG niche market of fans who want to meet their favorite authors -- including local authors. I know fans (self included) who would drive many miles to spend time with their favorite writers.
So, transform your store into a literary meeting place -- not just in the evenings, but all day -- where authors meet with their fans. It benefits authors by cementing their bond with readers and peddling their wares. It obviously benefits readers. And, if the stores charged a small cover fee ($5?) for the event, as well as sell the author's books (including POD books on consignment), that would keep the lights on and pay the hired help.
Authors can also be invited to hold workshops about writing, self-publishing, etc. The authors could charge a fee, and the bookstore could take a cut.
2. Embrace indie/self-published titles, rather than banishing them. Many readers love novelty in novels (and nonfiction). They can buy Big6 bestsellers everywhere. But where can they get edgy, unusual, provocative, or unsung titles? Not in Barnes & Noble. And who there would know much about them?
So, become known as THE place that stocks and advises readers about indie titles.
3. Embrace ebooks. Hold classes for potential buyers to explain and demonstrate the various differences among various ereader gadgets, and how to use each device most effectively. Run hand-holding sessions for the technologically timid to introduce them to the Brave New World of ebooks and ereaders. Then stock and sell ereaders to your customers. Or rent them, by the day.
4. Partner. If all indie stores in a region worked together, they could coordinate their calendars of events so that they could run "tours" of authors among the various member stores in nearby towns. "Meet Author X at 10 a.m. in Store A." "Meet Author X at 1 p.m. in Store B." "Meet Author X at 7 p.m. in Store C." Advantage for the author: He can sell lots of books and meet lots of fans in a given region during a short period of time. Advantage for stores: a constant flow of interesting authors.
Will ideas like this save indie stores? I don't know. But it's clear their current business model won't work much longer. Either they transform themselves to embrace the current customer-driven changes, or they won't survive. That's the message they need to confront. Throwing temper tantrums against indie authors such as Joe Konrath is just trying to kill the messenger.
UPDATE -- Dean Wesley Smith really knows how to think outside the cliche -- and he has an absolutely fabulous idea. So good, in fact, that I think you'll soon see this one at stores everywhere: books in the form of GIFT CARDS.
UPDATE #2 -- News for chain bookstores on May 25 isn't great.
From Books-a-Million: Sales for Books-A-Million's first quarter dropped 11 percent to $104 million, with store comps falling 13.2 percent from last year (when the company reported a 3.6 percent drop from 2009.) The bookseller lost $3.5 million, compared to $2 million in profits at this time last year. Clyde Anderson, CEO, blamed "the growing effect of e-book penetration" and "the effects of the devastating tornado outbreak" that hit the Midwest and Southeast region in the early part of 2011. Yeah -- blame the weather.
Meanwhile, from Barnes & Noble comes news of an unspecified number of layoffs, including executives, at a New Jersey distribution center.
Friday, May 20, 2011
Time to demonstrate your faith
As I work feverishly toward the completion of my novel, I urge all those who truly believe that the world is going to end on Saturday, May 21, to consider making an irrevocable bequest of all their worldly goods to the Bidinotto Fund for the Advancement of Bidinotto.
After all, you won't be needing that stuff where you're going, right? And won't such a gesture be a grand demonstration of your faith?
UPDATE -- Except for Arnold Schwarzenegger, we all seem to have survived the weekend. Time to celebrate with a song.
After all, you won't be needing that stuff where you're going, right? And won't such a gesture be a grand demonstration of your faith?
UPDATE -- Except for Arnold Schwarzenegger, we all seem to have survived the weekend. Time to celebrate with a song.
Publishing worlds in collision
I've been chronicling the rapid, cataclysmic changes in the publishing industry for some months (scroll down here, and also check out the back entries in my Facebook page). But as the traditional book business disintegrates, many behind-the-scenes battles between the various factions -- traditional ("Legacy") publishers vs. self-publishing ("indie") authors, ebooks vs. print books, authors vs. their publishers and agents, online retailers vs. bookstores, etc. -- are now emerging into public view as open warfare.
The latest skirmish? Self-publishing guru Joe Konrath has accepted a deal with Thomas & Mercer -- a mystery-and-thriller imprint just launched by Amazon -- to issue a print-book edition of his new novel, Stirred. This has some independent bookstores (which regard online retailer Amazon as a threat to their survival) up in arms. Konrath writes about it here:
The latest skirmish? Self-publishing guru Joe Konrath has accepted a deal with Thomas & Mercer -- a mystery-and-thriller imprint just launched by Amazon -- to issue a print-book edition of his new novel, Stirred. This has some independent bookstores (which regard online retailer Amazon as a threat to their survival) up in arms. Konrath writes about it here:
It's come to my attention that on a Yahoo group for booksellers there has been a call to boycott Amazon's new Thomas & Mercer imprint. I signed with Thomas & Mercer for STIRRED, the eighth Jack Daniels novel, co-written with Blake Crouch (who will chime in on this topic after me).Konrath and co-author Crouch offer a lengthy response at the link, advising independent bookstores about some of the steps they must take if they hope to survive in the new digital age. It's worth reading, not only as a heads-up about emerging trends, but as a microcosmic example of what happens whenever an Establishment confronts innovations that threaten their once-comfortable status quo.
I've also heard that certain booksellers want to return any books of mine they have in stock as a punitive measure.
So signing a deal with Amazon makes me the enemy of bookstores?
Me, who has signed at over 1200 bookstores? Who has thanked over 1500 booksellers by name in the acknowledgements of my novels? Who has named five major characters in my series after booksellers?
Now I'm the bad guy, for wanting to continue my series and make a living?
Thursday, May 19, 2011
Now, self-published audio books
Audible.com has just launched a program to let you narrate your own audiobook, or hire a professional narrator, then publish it yourself for either a flat fee (great!) or a 50/50 royalty split (not so great).
Check it out here.
Also check out some commentary about this program here.
I. Love. It.
UPDATE -- From a news release today from Amazon:
Check it out here.
Also check out some commentary about this program here.
I. Love. It.
UPDATE -- From a news release today from Amazon:
Today, less than four years after introducing Kindle books, Amazon.com customers are now purchasing more Kindle books than all print books - hardcover and paperback - combined. . . .For authors like me, who will have his first novel self-published on Kindle (and elsewhere) in June, this is great news. It confirms that the market for ebooks hasn't even begun to be tapped, let alone "saturated." As prices for self-published ebooks continue to undercut the inflated prices of the Big 6 publishers, more and more customers are encouraged to buy more and more books, across more and more platforms.
Recent milestones for Kindle include:
* Since April 1, for every 100 print books Amazon.com has sold, it has sold 105 Kindle books. This includes sales of hardcover and paperback books by Amazon where there is no Kindle edition. Free Kindle books are excluded and if included would make the number even higher.
* So far in 2011, the tremendous growth of Kindle book sales, combined with the continued growth in Amazon's print book sales, have resulted in the fastest year-over-year growth rate for Amazon's U.S. books business, in both units and dollars, in over 10 years. This includes books in all formats, print and digital. Free books are excluded in the calculation of growth rates.
* In the five weeks since its introduction, Kindle with Special Offers for only $114 is already the bestselling member of the Kindle family in the U.S.
* Amazon sold more than 3x as many Kindle books so far in 2011 as it did during the same period in 2010.
* Less than one year after introducing the UK Kindle Store, Amazon.co.uk is now selling more Kindle books than hardcover books, even as hardcover sales continue to grow. Since April 1, Amazon.co.uk customers are purchasing Kindle books over hardcover books at a rate of more than 2 to 1.
More warnings and advice for authors
Prolific author and self-publisher Kristine Kathryn Rusch begins a new blog series advising established authors and newbies alike about the rapid changes in the publishing industry, and how to survive and thrive in this evolving world:
Traditional publishing has lost its monopoly. It used to control the distribution of books all over the United States and, indeed, all over the world. With the success of the e-reader and ease of electronic self-publishing, writers regained control over distribution.As ever, read it all.
Concurrent with that was the rise of a new model for print-on-demand. No longer does a writer have to purchase thousands of books at the cost of thousands of dollars. The writer can upload her novel at almost no cost out of her pocket, and not print a single copy until she has an order. In fact, the POD company, like CreateSpace and LightningSource, will produce the book and ship it for the author, so there is no warehousing, no pile of books rotting in an author’s basement.
In other words, all parts of the distribution chain are now available to the entrepreneurial author. Including, as of last week, audio books, since Audible has now instituted a system in which an author can do her own audio books.
Traditional publishers got blindsided by this. So did agents, who rely on their contacts in traditional publishing to make their living. And both groups are now in survival mode. They’re trying to hang onto their hefty incomes in a new world they don’t entirely understand.
Mostly, they’re doing so by making huge rights grabs from authors.
Wednesday, May 18, 2011
How George Soros bought the Mainstream Media
The next time you hear (or voice) accusations about "political bias" in the mainstream media (a.k.a. the "MSM") -- or you wonder why a unified chorus of media voices all arise, simultaneously and "spontaneously," to offer identical opinions (often in the same words) on a given topic -- consider The Source.
I have capitalized those two words, hoping that they become a form of rhetorical currency when describing left-wing billionaire financier George Soros and his role as mainstream media impressario. Soros has taken it upon himself to make sure that the MSM chorus all sing from the same page, in the same key, on any issue of interest to him.
The Media Research Center's Business and Media Institute is about to release a major report describing the astounding reach and influence of Soros's money in the mainstream media. Dan Gainor of the Center has just published a two-part series on FoxNews.com that summarizes the report's findings.
In part one, we learn that Soros and his network of advocacy and funding groups have close ties with some 30 major media outlets–including The New York Times, Washington Post, the Associated Press, NBC and ABC. Big names in "mainstream" journalism sit on the boards of Soros's organizations and funding-recipient groups; millions of dollars from his foundations and funding conduits go into MSM "journalism" (read: propaganda) projects; and even so-called journalism "watchdog" groups and newspaper ombudsmen -- who are supposed to police the news media for bias and violations of ethics -- are in his hip pocket. Gainor notes:
UPDATE -- As Gainor pointed out, consider how the media have been treating libertarian billionaires David and Charles Koch, brothers who have contributed heavily to classical liberal/limited government/free market causes and political movements:
I have capitalized those two words, hoping that they become a form of rhetorical currency when describing left-wing billionaire financier George Soros and his role as mainstream media impressario. Soros has taken it upon himself to make sure that the MSM chorus all sing from the same page, in the same key, on any issue of interest to him.
The Media Research Center's Business and Media Institute is about to release a major report describing the astounding reach and influence of Soros's money in the mainstream media. Dan Gainor of the Center has just published a two-part series on FoxNews.com that summarizes the report's findings.
In part one, we learn that Soros and his network of advocacy and funding groups have close ties with some 30 major media outlets–including The New York Times, Washington Post, the Associated Press, NBC and ABC. Big names in "mainstream" journalism sit on the boards of Soros's organizations and funding-recipient groups; millions of dollars from his foundations and funding conduits go into MSM "journalism" (read: propaganda) projects; and even so-called journalism "watchdog" groups and newspaper ombudsmen -- who are supposed to police the news media for bias and violations of ethics -- are in his hip pocket. Gainor notes:
Journalists, we are constantly told, are neutral in their reporting. In almost the same breath, many bemoan the influence of money in politics. It is a maxim of both the left and many in the media that conservatives are bought and paid for by business interests. Yet where are the concerns about where their money comes from?Part two of the series reveals that. . .
Fred Brown, who recently revised the book “Journalism Ethics: A Casebook of Professional Conduct for News Media,” argues journalists need to be “transparent” about their connections and “be up front about your relationship” with those who fund you.
Unfortunately, that rarely happens. While the nonprofits list who sits on their boards, the news outlets they work for make little or no effort to connect those dots.
Since 2003, Soros has spent more than $48 million funding media properties, including the infrastructure of news – journalism schools, investigative journalism and even industry organizations.Read the two-part series, and you'll understand exactly why the mainstream media have become members in good standing of our Ruling Class. Much of it can be traced back to The Source.
And that number is an understatement. It is gleaned from tax forms, news stories and reporting. But Soros funds foundations that fund other foundations in turn, like the Tides Foundation, which then make their own donations. A complete accounting is almost impossible because a media component is part of so many Soros-funded operations. . . .
It turns out that Soros’ influence doesn’t just include connections to top mainstream news organizations such as NBC, ABC, The New York Times and Washington Post. It’s bought him connections to the underpinnings of the news business. The Columbia Journalism Review, which bills itself as “a watchdog and a friend of the press in all its forms,” lists several investigative reporting projects funded by one of Soros foundations.
The “News Frontier Database” includes seven different investigative reporting projects funded by Soros’ Open Society Institute. Along with ProPublica, there are the Center for Public Integrity, the Center for Investigative Reporting and New Orleans’ The Lens. The Columbia School of Journalism, which operates CJR, has received at least $600,000 from Soros, as well.
Imagine if conservative media punching bags David and Charles Koch had this many connections to journalists. Even if the Kochs could find journalists willing to support conservative media (doubtful), they would be skewered by the left.
UPDATE -- As Gainor pointed out, consider how the media have been treating libertarian billionaires David and Charles Koch, brothers who have contributed heavily to classical liberal/limited government/free market causes and political movements:
The Koch brothers have been on the receiving end of non-stop attacks from liberal journalists and academics ever since Jane Mayer published a hit piece on them last year in The New Yorker purporting to show that their contributions were behind the rise of the “Tea Party” movement. This wildly exaggerated claim was meant to cast the Koch brothers as great villains, but villains possessed of a satanic combination of power and tactical brilliance. In a predictable course, Mayer’s fairy tale was circulated by the columnists and editorial writers of the New York Times and from there through a network of second-level columnists and political magazines until at length it came to the attention of the credulous foot soldiers of the liberal-left who have kept the pot boiling in recent months with ever more inventive and exaggerated versions of the original lie.The media double standard is obvious: They'll trash the Koch brothers "non-stop," but not breathe a peep against George Soros. After all, you don't bite the hand that feeds you.
Monday, May 16, 2011
The future of libraries in the digital age
Bestselling marketing author Seth Godin has some provocative thoughts about what we need, and where we're headed, in the realm of information storage and searching.
Saturday, May 14, 2011
This is why we call them "the Ruling Class"
In its infamous Kelo ruling, a 5-4 majority of U.S. Supreme Court justices declared that you, Joe Citizen, no longer possess the right (guaranteed in the Constitution) to secure home ownership -- not if local governments simply want to take it from you and give it away to another private party (usually some politically connected corporation or other favored cronies). They thus expunged, de facto, the constitutionally mandated rationale of "public use" from the "takings" clause of the Fifth Amendment: Now, seizure of property could be for somebody else's private use -- as long as local politicians rationalized that such naked theft served some sort of vaguely described "public purpose."
The latest spectacle in judicial evisceration of the U.S. Constitution was provided this week by the Indiana Supreme Court. In a 3-2 ruling, the court decided that if a police officer enters your home illegally, you have no right under the Fourth Amendment to resist:
Make no mistake: These rulings are part and parcel of the century-long effort by Progressives to annihilate the U.S. Constitution. Since the days of Woodrow Wilson, they have seen the Constitution as an impediment to their power to "do good." Systematically dismantling the Constitution therefore has been a central objective in their social-engineering efforts.
The Framers sought to root the Constitution in "natural law"; as one scholar describes it, "the idea that there are rational objective limits to the power of legislative rulers. The foundations of law are accessible through human reason and it is from these laws of nature that human created laws gain whatever force they have."
By contrast, the "legal positivism" movement, which has its roots in the utilitarian philosophy of Jeremy Bentham, holds as its basic premise "that there is no inherent or necessary connection between the validity of a law on the one hand, and ethics or morality on the other. Therefore, in legal positivism, the law is seen as being conceptually separate (though of course not separated in practice) from moral and ethical values, and it simply sees the law as being posited by lawmakers, who are humans." Another authoritative source declares that "positivism is the view that law is a social construction." While positivists disagree about many things, that premise -- that law is a matter of social convention -- opens the door for the kind of relativism we see underlying the court decisions I mentioned.
The stampede from "natural law" underpinnings of the Constitution to complete relativism accelerated with the "legal realism" movement, popular in the early Twentieth Century and identified with such noted figures as Justice Oliver Wendell Holmes, Roscoe Pound, Justice Benjamin Cardozo, and Justice Louis Brandeis. The Supreme Court justices, in particular, issued rulings from this vantage point that serve as important precedents to this day. As one source notes, "legal realists advance two general claims: 1) Law is indeterminate and judges, accordingly, must and do often draw on extralegal considerations to resolve the disputes before them. 2) The best answer to the question 'What is (the) law?' is 'Whatever judges or other relevant officials do'."
It's not my purpose (nor within my qualifications) to comment further on jurisprudence. My only point here, briefly, is to take passing note of the kind of theories that could have led to anti-constitutional decisions such as those in Indiana and in Kelo. And in doing that, I hope one thing becomes clear:
Such theories are nothing more than formalistic rationalizations to allow the Ruling Class to exercise arbitrary, unlimited power.
The project of the Framers was to limit the power wielded by governmental officials: to constrain it so that it conformed to "natural law," by which individuals existed as ends, with certain "inalienable rights" to life, liberty, property, and the pursuit of personal happiness. This entire worldview is anathema to our self-appointed elites, which presume to dictate to the rest of us (i.e, their inferiors) how we ought to live our lives, and toward what ends. That is why Prof. Angelo Codevilla correctly labeled these elites "the Ruling Class" in his indispensable essay.
We can see, naked and exposed, the outlook and objectives of our Ruling Class in these court "rulings." While progressives upend, even destroy, our lives with their grand technocratic schemes, we are commanded to sit still, take it, and not fight back. So, what remedy then remains for the hapless citizen who is manhandled by some governmental invader who bursts into his home, without a warrant, in the dead of night? The Indiana court has given the rogue officer the legal right to do all this, then mock his victim by saying: "So, go ahead and sue me!"
I worry that these corruptions of our constitutional order are pushing the citizenry to the point of open defiance and rebellion. If our rights are no longer guaranteed and upheld by the courts, if we no longer have legal recourse address to these outrages, then what options still remain open to us?
The Ruling Class should be forewarned: Americans are not the kind of people who sit still, take it, and don't fight back.
The latest spectacle in judicial evisceration of the U.S. Constitution was provided this week by the Indiana Supreme Court. In a 3-2 ruling, the court decided that if a police officer enters your home illegally, you have no right under the Fourth Amendment to resist:
Overturning a common law dating back to the English Magna Carta of 1215, the Indiana Supreme Court ruled Thursday that Hoosiers have no right to resist unlawful police entry into their homes.Note the excuse offered by the court: Resisting illegal entry is "against public policy" and "modern Fourth Amendment jurisprudence." What is "public policy"? Why, it's whatever politicians now say it is. And what is "modern Fourth Amendment jurisprudence"? Why, it's the obliteration of what the Fourth Amendment meant when the Framers wrote it.
In a 3-2 decision, Justice Steven David writing for the court said if a police officer wants to enter a home for any reason or no reason at all, a homeowner cannot do anything to block the officer's entry.
"We believe ... a right to resist an unlawful police entry into a home is against public policy and is incompatible with modern Fourth Amendment jurisprudence," David said. "We also find that allowing resistance unnecessarily escalates the level of violence and therefore the risk of injuries to all parties involved without preventing the arrest."
David said a person arrested following an unlawful entry by police still can be released on bail and has plenty of opportunities to protest the illegal entry through the court system. . . .
This is the second major Indiana Supreme Court ruling this week involving police entry into a home.
On Tuesday, the court said police serving a warrant may enter a home without knocking if officers decide circumstances justify it. Prior to that ruling, police serving a warrant would have to obtain a judge's permission to enter without knocking.
Make no mistake: These rulings are part and parcel of the century-long effort by Progressives to annihilate the U.S. Constitution. Since the days of Woodrow Wilson, they have seen the Constitution as an impediment to their power to "do good." Systematically dismantling the Constitution therefore has been a central objective in their social-engineering efforts.
The Framers sought to root the Constitution in "natural law"; as one scholar describes it, "the idea that there are rational objective limits to the power of legislative rulers. The foundations of law are accessible through human reason and it is from these laws of nature that human created laws gain whatever force they have."
By contrast, the "legal positivism" movement, which has its roots in the utilitarian philosophy of Jeremy Bentham, holds as its basic premise "that there is no inherent or necessary connection between the validity of a law on the one hand, and ethics or morality on the other. Therefore, in legal positivism, the law is seen as being conceptually separate (though of course not separated in practice) from moral and ethical values, and it simply sees the law as being posited by lawmakers, who are humans." Another authoritative source declares that "positivism is the view that law is a social construction." While positivists disagree about many things, that premise -- that law is a matter of social convention -- opens the door for the kind of relativism we see underlying the court decisions I mentioned.
The stampede from "natural law" underpinnings of the Constitution to complete relativism accelerated with the "legal realism" movement, popular in the early Twentieth Century and identified with such noted figures as Justice Oliver Wendell Holmes, Roscoe Pound, Justice Benjamin Cardozo, and Justice Louis Brandeis. The Supreme Court justices, in particular, issued rulings from this vantage point that serve as important precedents to this day. As one source notes, "legal realists advance two general claims: 1) Law is indeterminate and judges, accordingly, must and do often draw on extralegal considerations to resolve the disputes before them. 2) The best answer to the question 'What is (the) law?' is 'Whatever judges or other relevant officials do'."
It's not my purpose (nor within my qualifications) to comment further on jurisprudence. My only point here, briefly, is to take passing note of the kind of theories that could have led to anti-constitutional decisions such as those in Indiana and in Kelo. And in doing that, I hope one thing becomes clear:
Such theories are nothing more than formalistic rationalizations to allow the Ruling Class to exercise arbitrary, unlimited power.
The project of the Framers was to limit the power wielded by governmental officials: to constrain it so that it conformed to "natural law," by which individuals existed as ends, with certain "inalienable rights" to life, liberty, property, and the pursuit of personal happiness. This entire worldview is anathema to our self-appointed elites, which presume to dictate to the rest of us (i.e, their inferiors) how we ought to live our lives, and toward what ends. That is why Prof. Angelo Codevilla correctly labeled these elites "the Ruling Class" in his indispensable essay.
We can see, naked and exposed, the outlook and objectives of our Ruling Class in these court "rulings." While progressives upend, even destroy, our lives with their grand technocratic schemes, we are commanded to sit still, take it, and not fight back. So, what remedy then remains for the hapless citizen who is manhandled by some governmental invader who bursts into his home, without a warrant, in the dead of night? The Indiana court has given the rogue officer the legal right to do all this, then mock his victim by saying: "So, go ahead and sue me!"
I worry that these corruptions of our constitutional order are pushing the citizenry to the point of open defiance and rebellion. If our rights are no longer guaranteed and upheld by the courts, if we no longer have legal recourse address to these outrages, then what options still remain open to us?
The Ruling Class should be forewarned: Americans are not the kind of people who sit still, take it, and don't fight back.
Thursday, May 12, 2011
Timely warnings and advice to indie authors
Today, a number of great posts have appeared on some of the blogs of my favorite "indie" authors and publishers. Let's start with "success stories" and move along to nuts-and-bolts advice.
First, self-pub guru Joe Konrath hosts a guest post by Brit self-pub phenom Stephen Leather. Leather has "sold more than 250,000 eBooks on Kindle alone since Christmas, almost all of them in the UK." That is simply amazing. But he offers a sobering message that many writers won't want to hear, and should. "The vast majority of self-published eBooks are bad. Worse than bad. Awful. There, I’ve said it." The absence of any "gatekeepers" has allowed anyone to upload amateurish rubbish to Kindles and Nooks, the sort of stuff that would get an "F" in any high school English class (at least, any class that still grades on grammar, punctuation, coherence, etc.). Leather's message? Focus less on marketing, and more on learning the craft of writing. Hear, hear!
Next up, prolific indie author Kristine Kathryn Rusch offers a different cautionary post to writers: a five-alarm emergency warning about the scary changes in publishing that have been occurring in recent months. Drawing upon close examples of parallel changes that have occurred in the movie and recording businesses, she pleads with writers to understand how agents and traditional publishers are trying to reduce them to "indentured servant" status -- if they aren't careful. If you're an author or wannabe author, read this post.
Finally, on a more positive note, highly successful indie publisher Robin Sullivan provides sound advice to authors on how to price their ebooks to reap maximum profitability.
Many indie authors would gain the maximum benefit from this post by postponing their reading of the Rusch and Sullivan pieces, but rereading Leather's several times. I agree with him: Writers should focus primarily on becoming better writers.
UPDATE -- Just for the relief of providing some inspiration in the face of all the preceding warnings, here are profiles of (arguably) the four most prominent and successful superstars of the ebook Self-Publishing Revolution: Amanda Hocking, Barry Eisler, J.A. Konrath, and John Locke. You can only read this and say "Wow!"
First, self-pub guru Joe Konrath hosts a guest post by Brit self-pub phenom Stephen Leather. Leather has "sold more than 250,000 eBooks on Kindle alone since Christmas, almost all of them in the UK." That is simply amazing. But he offers a sobering message that many writers won't want to hear, and should. "The vast majority of self-published eBooks are bad. Worse than bad. Awful. There, I’ve said it." The absence of any "gatekeepers" has allowed anyone to upload amateurish rubbish to Kindles and Nooks, the sort of stuff that would get an "F" in any high school English class (at least, any class that still grades on grammar, punctuation, coherence, etc.). Leather's message? Focus less on marketing, and more on learning the craft of writing. Hear, hear!
Next up, prolific indie author Kristine Kathryn Rusch offers a different cautionary post to writers: a five-alarm emergency warning about the scary changes in publishing that have been occurring in recent months. Drawing upon close examples of parallel changes that have occurred in the movie and recording businesses, she pleads with writers to understand how agents and traditional publishers are trying to reduce them to "indentured servant" status -- if they aren't careful. If you're an author or wannabe author, read this post.
Finally, on a more positive note, highly successful indie publisher Robin Sullivan provides sound advice to authors on how to price their ebooks to reap maximum profitability.
Many indie authors would gain the maximum benefit from this post by postponing their reading of the Rusch and Sullivan pieces, but rereading Leather's several times. I agree with him: Writers should focus primarily on becoming better writers.
UPDATE -- Just for the relief of providing some inspiration in the face of all the preceding warnings, here are profiles of (arguably) the four most prominent and successful superstars of the ebook Self-Publishing Revolution: Amanda Hocking, Barry Eisler, J.A. Konrath, and John Locke. You can only read this and say "Wow!"
Spenser's last case? Apparently not.
Robert B. Parker was a seminal figure in mystery writing. He died suddenly from a heart attack in January 2010 -- appropriately, at his desk, writing. With his passing, we lost a visionary who created a world we loved to visit, and characters we began to think of as friends.
He left behind three manuscripts, two final Spenser tales and a Jesse Stone story. But neither of his two detective heroes will die any time soon, if his estate and publishers have their way. In this fine tribute to the author and his creations, Larry Thornberry tells us, with grave misgivings, that a couple of writers have been enlisted to continue feeding the New York publishing cash cow. Read all about it.
He left behind three manuscripts, two final Spenser tales and a Jesse Stone story. But neither of his two detective heroes will die any time soon, if his estate and publishers have their way. In this fine tribute to the author and his creations, Larry Thornberry tells us, with grave misgivings, that a couple of writers have been enlisted to continue feeding the New York publishing cash cow. Read all about it.
Wednesday, May 11, 2011
Team Obama is trying to create a new housing bubble
Unsatisfied that its egalitarian Narrative has wreaked sufficient havoc already in the housing industry, the Obama administration is once again trying to force banks to loan money to bad credit risks.
When it comes to lending, "anti-discrimination" is just a euphemism for "lack of standards." It means that "loans" are no longer to be granted to qualified applicants, but instead are to be treated as a welfare program: as a government "entitlement" benefit to the unqualified, with taxpayers ultimately underwriting all of the catastrophic losses that will result.
Such facts and logic, supported by the bitter experience of the past few years, should offer obvious lessons to liberals. But how can facts, logic, and experience possibly compete with a Moral Narrative about "equality" that isn't drawn from reality, but from a fantasy that is imposed on reality?
At the Justice Dept., a new 20-person unit dedicated to fair lending issues received a record number of discrimination referrals from regulators in 2010 and has dozens of open cases, according to a recent agency report. Potential penalties can reach into the millions of dollars. "We are using every tool in our arsenal to combat lending discrimination," Thomas E. Perez, the assistant attorney general for the Civil Rights Div., told a conference of community development advocates in Washington in April.Of course, if lenders capitulate to the government intimidation and make more bad loans, in the name of "non-discrimination," that will only inflate a new housing bubble: Unqualified borrowers will once again buy more house than they can afford, and that will set up a new scenario for another housing-market collapse.
To some banks the crackdown has come as a surprise, say consultants and lawyers representing financial institutions in discussions with regulators. Like Midwest BankCentre, some lenders are being cited for failing to operate in minority and low-income census tracts near their branches, even when they have never done business there before. . . .
Bank lobbyists say the stepped-up government scrutiny could backfire if financial institutions decide to shrink their operations rather than yield to pressure to do business in areas that don't make sense for them.
When it comes to lending, "anti-discrimination" is just a euphemism for "lack of standards." It means that "loans" are no longer to be granted to qualified applicants, but instead are to be treated as a welfare program: as a government "entitlement" benefit to the unqualified, with taxpayers ultimately underwriting all of the catastrophic losses that will result.
Such facts and logic, supported by the bitter experience of the past few years, should offer obvious lessons to liberals. But how can facts, logic, and experience possibly compete with a Moral Narrative about "equality" that isn't drawn from reality, but from a fantasy that is imposed on reality?
Tuesday, May 10, 2011
Cancer's cruelty: Christopher Hitchens's lost power of speech
I want to link to this heart-breaking account by Christopher Hitchens of his lost ability to speak. This is such a cruel tragedy. His was the voice of a god; but now his cancer has robbed him, and us, of its majesty.
Yet still the man can write, probably better than anyone else wielding the English language. This poignantly personal essay is glorious proof.
Yet still the man can write, probably better than anyone else wielding the English language. This poignantly personal essay is glorious proof.
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