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Consider the advance system, whereby a publisher pays an author a nonreturnable up-front fee for a book. If the book doesn't "earn out," in the industry parlance, the publisher simply eats the cost. Another example: publishers sell books to bookstores on a consignment system, which means the stores can return unsold books to publishers for a full refund. Publishers suck up the shipping costs both ways, plus the expense of printing and then pulping the merchandise. "They print way more than they know they can sell, to kind of create a buzz, and then they end up taking...

Author: /time Magazine | Title: Books Gone Wild: The Digital Age Reshapes Literature | 1/21/2009 | See Source »

...true: saying you were a self-published author used to be like saying you were a self-taught brain surgeon. But over the past couple of years, vanity publishing has become practically respectable. As the technical challenges have decreased--you can turn a Word document on your hard drive into a self-published novel on Amazon's Kindle store in about five minutes--so has the stigma. Giga-selling fantasist Christopher Paolini started as a self-published author. After Brunonia Barry self-published her novel The Lace Reader in 2007, William Morrow picked it up and gave...

Author: /time Magazine | Title: Books Gone Wild: The Digital Age Reshapes Literature | 1/21/2009 | See Source »

...Pulitzer Prize-winning author of more than 30 books of poetry and criticism, W.D. Snodgrass, 83, taught for nearly half his life. "If you can be happy doing something else, do it," he would tell his students about the love of poetry, "but if you've got to do [poetry], you're a life termer...

Author: /time Magazine | Title: Milestones | 1/21/2009 | See Source »

...site serves as a self-updating address book, keeping users connected no matter their geographical shifts. "There are people from my past life that I never would have tracked through 10 job changes and 20 e-mail changes," says Nicole Ellison, an assistant professor at Michigan State and lead author of the Facebook "Friends" study, which focused on undergraduate usage of the site. Facebook offers what she describes as a "seamless way of keeping in touch that doesn't involve all this work...

Author: /time Magazine | Title: Does Facebook Replace Face Time or Enhance It? | 1/18/2009 | See Source »

...water crash. In a 2002 article, an expert quoted in The Economist noted that "no large airliner has ever made an emergency landing on water" and went on to dismiss onboard flotation devices as useless, considering the high likelihood of fatalities. Patrick Smith, an airline pilot and author of Salon.com's "Ask the Pilot" column, later rebutted those claims, noting that a number of jets have landed on water and managed to bring some or all of their passengers to safety. "Any ditching is very dangerous, with the possibility of the airplane cartwheeling, flipping, or otherwise breaking apart," Smith told...

Author: /time Magazine | Title: Learning from Flight 1549: How to Land on Water | 1/17/2009 | See Source »

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