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Depression data point of the day

Since all the statistics are fake, we can only go by ground truth. Commenter Ambrit at NC:

We here at the ground level in the Deep South can testify to the truth of your observation. There are growing signs of the creeping Degentrification of the American ‘middle’ class, not to mention the ‘working’ class. Begging has become more visible. We personally have had people come to our door, this in a mixed lower middle class neigbhorhood, begging outright. Not your usual scammers, but newly destitute, plainly uncomfortable and scared people.

So, the ‘elites’ think Kabuki will do, do they? They obviously haven’t read their history. The Feudal period they so obviously yearn for also had a lot of pesky Peasant Revolts. Where’s your Culture and Leisure when a howling mob is burning down the Chateau around your ears?

I’m becoming increasingly convinced that this years Democratic Convention in Charlotte will give guidance as to where all this is going. Watch this space as they used to say.


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Rangoon78's picture
Submitted by Rangoon78 on

This may be an important fight to those archaic souls who yet cling to the printed word…

Subject: Re: Lawsuit against Apple: Writers wary of action by DOJ

Sounds right to me; what do you think?

An E-Book Argument: Are Fixed Prices Needed to Preserve Publishing?
“Apple [is] attempting to recreate an environment around books that exists around digital music: Establishing base-line pricing so that consumers understand the digital value of a ‘book’ in much the same way a single music track is worth 99 cents,” Auriga analyst Kevin Dede argues in a note to clients today. “And as we see Apple’s overarching philosophy, it appears to us that Apple is defending interests of all the members of its ‘book’ value chain, including authors, publisher, and customers, as it does with all its constituents that offer value to the end customer. There is no salvageable long-term business model in destroying any key participant’s position; all players need to see a reason to play the game.”

Apple Antitrust Suit Would Aid Amazon: Scott Turow - Bloomberg
"When it comes to books, Amazon has often used its huge market power to further increase its influence. Some analysts project that Amazon will own more than half the U.S. book business across all formats by the end of this year. Not only does Amazon have 75 percent of the market in online sales, but it is spreading its tentacles to other areas. It now owns, the largest seller of downloadable audio books, and BookSurge, an on-demand printer of self-published and other books offered only by publishers as individual copies. Last May, Amazon announced it was launching Amazon Publishing, headed by the redoubtable industry veteran Larry Kirshbaum, to compete hand-to-hand with the publishers.
Competitors fear that Amazon will use its very deep pockets to buy up the most profitable authors, whose success generally supports trade-book publishers’ other titles. Amazon already offers Kindle Singles, shorter works by established authors available solely on Kindle, leading many to suspect that the day isn’t far off when readers wanting, say, the latest by James Patterson will be able to buy it only from Amazon."

Authors view the Justice Department's suit against Apple and five publishers as acting against writers' interests.

When it launched the Kindle, Amazon deeply discounted e-book prices and offset the loss with profits from other parts of its business. Apple has been the first significant alternative to Amazon as an e-book retailer

"I think the DOJ's suit is misguided," explains Andrew Wylie, the most powerful agent in publishing, who counts a number of Nobel Prize-winners among his 800 clients. "I think it is acting against the interests of culture and diversity in publishing. I think it is acting against the interests of authors." …the pricing of e-books directly affects the way authors can earn a living…

According to National Book Award-winning writer Sherman Alexie; "The The DOJ's suit gave Amazon explicit permission to go for a total monopoly."