Word: markets
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Dates: during 2000-2009
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...even generosity is recession-proof. According to Giving USA Foundation, charitable giving dropped 5.7% in inflation-adjusted dollars last year--the worst plunge in 50 years. Given the roller-coaster stock market and rising unemployment, however, some experts expressed surprise that the fall wasn't more precipitous...
...Amazonians are really good at selling books online, and publishers love them for it. But because Amazon is so much better than anybody else at selling books online - last year, it owned 43% of that market, according to the bibliographic-information company R.R. Bowker - it has a lot of power at the negotiating table. All retailers get discounts from their wholesalers, but some publishers think the discounts Amazon asks for are getting too deep. "They're fast approaching the point where we just can't afford to do business with them," says a well-known New York book editor...
...price of a regular hardcover. The company considers it an investment in getting the Kindle established as a platform. But eventually - soon - it's going to want publishers to start sharing the pain. This may seem a nitpicky issue, but once e-books become a significant part of the market, the price of a Kindle edition could mean the difference between the red and the black for some publishers. "That's the detonation point," says Dennis Johnson, publisher of the prominent small press Melville House. "Because nobody can make a book that sells for $9.99." Yes, you save on printing...
...going to perish or that Amazon wants them to. It's true that Amazon plays hardball with them, but that's partly because the online-book world - unlike the real-life Amazon - isn't particularly biodiverse yet. If publishers aren't in a position to check Amazon directly, the market is, or it will be. There will be some painful scenes while we wait for that to happen, but already Google - a company that never met a loss leader it didn't like - has announced its intention to start selling e-books before the end of the year. Simon & Schuster...
...Mayer dissects the rebellion against Gordon Brown and the future of the Labour Party. Contributor David Van Biema takes an in-depth look at the Mormon Church, the fourth largest in America, and its current high-profile involvement in politics, while our business columnist Justin Fox explains why financial markets don't necessarily know best, a piece based on his new book, The Myth of the Rational Market...