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...Amazon takes a loss on these books, since it buys them from publishers at the 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...

Author: /time Magazine | Title: Is Amazon Taking Over the Book Business? | 6/22/2009 | See Source »

Here's an interesting factoid: last year, for the first time in history, more books were self-published in the U.S. than were published the regular way. Amazon has invested heavily in publisher-free publishing, and it's paying off handsomely. The sector has seen two straight years of triple-digit growth, and on the cultural side, the stigma associated with "vanity" publishing is wearing away...

Author: /time Magazine | Title: Is Amazon Taking Over the Book Business? | 6/22/2009 | See Source »

...Amazon the publisher, it's hard to imagine it competing seriously with conventional publishers. Its DNA is just too alien. When Amazon uses its customer base to crowd-source editorial selection, it's doing something radically different from what regular publishers do. "This is a very different method of discovering books than the more classic publishing process," Grandinetti explains. "The robustness of Amazon customer data is a different view into what people are looking for in a book...

Author: /time Magazine | Title: Is Amazon Taking Over the Book Business? | 6/22/2009 | See Source »

...marijuana wasn't mine," Loskutov, whose art is nonpolitical, tells TIME. "Even if I was a regular drug taker, I knew the police wanted to see me that day. I would not have risked having drugs with me." Loskutov was released, but his trial is set for later this summer. The artist thinks it will be a litmus test for others. "I think the result will say a lot about the state of art in Russia," he says. "If I am found innocent, it will prove that there is a certain freedom to express oneself. If I am found guilty...

Author: /time Magazine | Title: Russia Cracks Down on Political Art | 6/21/2009 | See Source »

...chair of the Department of Emergency Medicine at the Mayo Clinic, says health-care reform, if it's done comprehensively, can harness the financial value of EDs: "We're the last stop before the hospital bed - the last opportunity to connect people back to a primary-care provider," where regular monitoring costs less than an expensive hospital stay for a more serious condition. "I can spend tens of thousands of dollars on an ICU bed [for a stroke patient], and nobody questions it, but if I try to get them an office visit and routine blood-pressure medication...

Author: /time Magazine | Title: Starting Health-Care Reform in the ER | 6/19/2009 | See Source »

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