Word: sellers
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Dates: during 2000-2009
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...novel has caught fire. More than a million paperback copies of Revolutionary Road, which made little commercial ripple when it came out in 1961 (though it was nominated for a National Book Award), are now in print, and the Vintage paperback has been on the New York Times best seller list for 11 weeks. (See the All-TIME 100 Best Novels, including Revolutionary Road...
...conservative media critic writing for a conservative publishing house addressing a conservative audience, Bernard Goldberg, a former CBS journalist and the author of the media-bashing memoir Bias, doesn't have to do much to notch a best seller. Step 1: sarcastically criticize the "mainstream media" as hopelessly liberal. Step 2: repeat for 20 or so abbreviated chapters. Goldberg's objections to "mainstream media" coverage of Barack Obama are fairly well worn. Among the many complaints, he notes that Obama's associations with the Rev. Jeremiah Wright and former Weatherman Bill Ayers didn't get enough press scrutiny during last...
...Obama name is golden right now in book land. The President is leading the hit parade: Dreams from My Father and The Audacity of Hope are on both the New York Times' hardcover and paperback best-seller lists, no mean authorial feat. (Dreams is No. 1 on the paperback list after a staggering 133 weeks.) Books by more than a dozen other authors on the Times lists retell the tale of the Obama campaign, evaluate the man or set out his life story. There's no mystery as to why new Obama books keep popping up in the nation...
...absence of a book by the First Lady herself, publishers are relying on Michelle-themed tomes by other writers. Michelle, a biography of the First Lady by Washington Post staff writer Liza Mundy, was one of the first out of the gate; a New York Times best seller, the book has an impressive 170,000 copies in print after seven printings. The Mundy book proved Michelle Obama's international appeal; there are now 15 foreign-language editions of the book, including Arabic, Portuguese and Polish...
...comes the messy part. Bank of America used Strata's collateral as the backing against which it could write credit default swaps (CDS), that is, insurance contracts based on whether some other bonds get paid back. As a writer, or seller, of CDS contracts, Strata investors get a regular fee, much like a annual amount any insurance holder would pay, for guaranteeing the buyer of the insurance against losses on the bonds. All told, Bank of America wrote CDS contracts worth $20 million based on the debts of as many as 75 companies. Add the fees from the insurance contracts...