Sure, today Apple unvailed the “iPod phone” and the superslim iPod Nano, but the real news is that for the first time, via iTunes, the entire Harry Potter series will be available on digital audio (that’s $249 for the whole set). This is more interesting to me for what it represents. As iPods and other high-capacity digital audio players have become ubiquitous and as digital audio delivery (via podcasts and/or services like audible.com) has become more user friendly, the stage has been set for a revolution in reading. Though digital audio books will never overtake paper ones, they will only grow in popularity and sometime soon we may see a mini-revolution in the way people consume literature.
Where’s Arthur’s Gerbil?; A Pictorial Book of Tongue Coating; The Fangs of Suet Pudding: all real books apparently. Inspired by Bizarre Books: A Compendium of Classic Oddities, a new book collecting history’s odd, obscure, and weird volumes, the Atlanta Journal-Constitution’s Book Page is soliciting strange book titles from readers. The first entry might be the best: Cooking with Pooh, and why doesn’t it surprise me that this one has become an Amazon collectors’ item, with the cheapest copy on offer now going for the low, low price of $92.80.(Thanks Laurie)
You recall a couple of weeks ago when I previewed The Morning News 2007 Tournament of Books. As it turns out, they’ve incorporated a contest for readers – an office pool – into this year’s Tournament and I’m involved. How to play along:Here’s how the contest works. In addition to this year’s brackets, below you’ll find a set of brackets filled out by each of our selected Office Pool Book Bloggers. Review them, then select the one you think is the most likely to win – the bloggers will be scored for each match they predict correctly, with scores updated each day of the Tournament. Email us at the address below with the name of the blogger you like in the email subject line, and your full contact information in the body of the email. (You can only enter once.) We’ll randomly select one reader for each blogger to “play for,” and the winning blogger’s reader will win every book in the tournament, courtesy of Powell’s Books. Note: The contest will close at 6 p.m. EST this Wednesday, March 7So, go there and pick The Millions’ bracket, there could be a whole bunch of books in it for you.
The Hag points us to this humorous but heartbreaking article about the declining fortunes of freelance journalists. Though I’m not at the moment trying to make it as a freelance journalist, I’ve always thought it something I might like to try. You know: the freedom, the romantic life of the roving freelancer, the potential for glory on glossy pages, all that. But, according to Ben Yagoda, things aren’t as they once were. Even the quality of the rejection letters has declined substantially:A friend of mine, who never got published in The New Yorker, still treasures the bunch of hand-typed and personal rejection letters he got in the late ’70s and early ’80s from William Shawn. That’s so 20th century. These days, you’re lucky to get a form letter. The pocket veto – that is, the unreturned e-mail, letter, or phone call – has become an accepted way of turning down ideas and submissions, even from longtime contributors.
As we adjust to new economic realities, Michael Lewis is emerging as the financial meltdown’s most important voice. His Portfolio piece “The End” told us how we got here but it also illuminated his own failure, in the 1980s, to get the point across with his book Liar’s Poker. Meant to be a cautionary tale, it became instead an inspiration.But Lewis appears unwilling to let “The End” be his final, confessional comment on the matter. This weekend, as a new year and new administration are gearing up, Lewis has delivered another far more aggressive piece, this time in the New York Times (Part 1, Part 2). In it, he calls out, more strenuously than before, the fraud, incompetence, and willful ignorance behind the financial crisis and makes it clear that this fall’s efforts to resolve it were flawed at best. He also makes several direct, clear-eyed proposals to set things back on the right course. One hopes Obama is watching. One also notices that Lewis, in these pieces, is no longer acting as a journalist or even a columnist. He has thrust himself into the center of this issue, as if looking to finish what he tried to accomplish more than 20 years ago.But Lewis has grown up too. Liar’s Poker didn’t wake up the world to Wall Street’s ills because its tone was too glib and too incredulous. We were meant to marvel at the goings on at Solomon Brothers just as the young Lewis had. That tone is gone now, and Lewis has returned to the task with a fierce seriousness. Whether or not you agree with everything that Lewis is writing in these pieces, his tone, backed up by his more than 30 years of writing about Wall Street, will give even the most optimistic observers pause.Interestingly, Lewis’ co-author for the two New York Times pieces is David Einhorn, a hedge fund manager who doesn’t exactly have a pristine reputation. Einhorn heads up Greenlight Capital, which racked up average annualized returns of 25.5% from May 1996 through mid-2008, according to New York Times, though his funds, like many on Wall Street, have struggled since. He’s also a serious poker player. In 2006, he placed 18th in the World Series of Poker’s main event, winning more than $650 thousand that he donated to charity.Einhorn made headlines this year for his very vocal bearish stance on now defunct investment bank Lehman Brothers. Einhorn eventually went public with discrepancies that he and his analysts had found in Lehman’s numbers. Believed to be short (i.e. placing bets that the stock would go down) Lehman and other financial names, Einhorn was excoriated in a war of words on Wall Street as regulators targeted short selling among financial stocks. Lewis and Einhorn make it clear where they stand on that issue, calling short sellers, “the only market players who have a financial incentive to expose fraud and abuse.”After much confusion as the crisis played out in 2008, it may be that we are seeing whistle-blowers like Lewis and Einhorn emerge from the mess to take control of the discussion. In time we will see if they have the ear anyone in power.