The Seattle Post-Intelligencer points to a small press that is “one of the most intriguing additions to the Northwest literary landscape in recent years.” Clear Cut Press in Astoria, Oregon, distinguishes itself by publishing books in “handy pocket-size editions, inspired by a popular Japanese format, and with detachable covers with arresting images,” and by splitting profits 50/50 with its authors, a cut far higher than authors can expect to get at a typical publishing house. The Post-Intelligencer calls books like Matt Briggs’ debut novel, Shoot the Buffalo worthy of more prominent presses. Clear Cut also put out a collection of essays, Orphans, early this year by Charles D’Ambrosio who frequently appears in the New Yorker.
It is now being reported that an article in the June issue of Vanity Fair will describe Clinton's struggles to get his new memoir, My Life, completed on time. The reports also confirm fears that the memoir will not provide the deeper reflections that people were hoping for. As this Reuters report indicates, Clinton will have only spent about 5 or so months on the book by the time he is finished. And the AP is reporting "the book will include few mea culpas about Mr. Clinton's role in the Monica Lewinsky scandal or other matters, Vanity Fair said."I wanted to quickly thank four outstanding blogs that have linked to me in the last couple of weeks: beatrice.com, golden rule jones (who will be my competition in Chicago), LA Observed, and largehearted boy. Check them out.
I have an article in the newest issue of Poets & Writers. It's about the publishing industry's recent interest in doing business in China and in bringing Chinese writers to the rest of the world.Not unlike European explorers five hundred years ago, the U.S. publishing industry is looking for a route to China. And, like those explorers, each company seems to be setting a different course. HarperCollins recently partnered with a Chinese publisher and plans to release new and classic Chinese books in English translation in the United States, the U.K., and China. Penguin has also secured a local publishing partner and is already offering Chinese readers ten of its Penguin Classics in Mandarin - and it has an open-ended plan to bring out more. At the same time, Penguin has stepped up its efforts to release more Chinese literature in translation in Western markets. Macmillan, meanwhile, has started a new publishing division, Picador Asia, based in Hong Kong.
Every so often in a reader's life, he stumbles upon two books that complement each other like red meat and red wine. Such a happy accident befell me last month, when I happened to read Michael Lewis' Liar's Poker hard on the heels of Thomas Frank's One Market Under God.The Frank book, an evisceration of the free-market discourse and management culture of the 90s, was a fine read on its own: funny, incisive, and angry. And yet, in its argumentation, it at first struck me as inferior to Frank's more recent What's the Matter With Kansas? Like Lewis Lapham, who published excerpts from both books in Harper's, Frank has a tendency to preach to the choir. This often doesn't bother me; I sit right in the middle of that choir. When Frank demonstrates the tension between a free market and economic democracy, I say "Amen." When he decries the commodification of the counterculture, I shout "Hallelujah."When Frank gets down to naming names, however, I get uneasy. One Market Under God does not hesitate to lay the sorry state of the world at the feet of specific, individual evildoers, and I, raised to try to see the best in people, prefer to blame systemic ills. And so I'm not sure if Frank's depiction of scheming, iniquitous fat cats is a workable belief or a bit of populist wishful thinking.Or I wasn't sure, until I picked up Liar's Poker. Here Michael Lewis, himself a former stockbroker, takes us inside Salomon Brothers, the investment bank where he worked in the rip-roaring 80s. Lewis establishes his centrist credentials early and often, and generally eschews editorializing. It is especially appalling, then, (if weirdly engrossing) to discover that Salomon Brothers is full of...scheming, iniquitous fat cats!Liar's Poker is like a nonfiction version of Oliver Stone's Wall Street (IMDb). The visionary salesmen and traders of Solomon Brothers screw the little guy at every turn, and we get to see every dirty detail. They rip off investors, lie to the public, devalue successful companies, inflate worthless ones, lay off employees, throw phones at underlings, grope secretaries, consume conspicuously, and generally turn themselves into caricatures of the worst kind of capitalist exploitation. The free-market they promote is, in fact, far from free.In an ideal marketplace, knowledge is symmetrical. The vulgar version: buyer and seller are in possession of the same set of facts, and prices reach equilibrium according to the law of supply and demand. This is why there are laws against rolling back odometers, and against making false claims in advertisements. But investment banks, as Lewis portrays them, rely on the market's inefficiency at distributing information - its tendency to allow those most heavily invested in a market to control the flow of knowledge within and about that market - to buy below fair-market value, and to sell well above it.Of course, we are assured, such excesses have since been curbed by regulation. (This is part of the 90s market populism analyzed in One Market Under God, wherein Wall Street is brought to heel by Main Street.) Insider trading laws are now stringent, we are told; firewalls have arisen between the trading floors where commodities are sold and the equity departments where they are underwritten. But Wall Street is still raking it in, while Main Street drifts and eddies on stagnant wages.Perhaps the current investment bank bonanza is merely the financial industry's reward for its own newfound virtuousness. Still, the next time you hear an I-banker lamenting the regulatory climate, or claiming that Sarbanes-Oxley is driving all the moneymen to London, ask him what kind of bonus he got last year, and whether he's still living in New York. Then tell him you've got a bridge you're looking to sell...See also: Max's review of Liar's Poker
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In John Hodgman's charming 2005 miscellany The Areas of My Expertise, "Were You Aware Of It?" serves as a recurring title for astonishing "facts." One of my favorite among these inclusions reveals that:Jack Ruby owed seventeen dachshunds, whom he referred to as "his children." In an astonishing coincidence, all of his dogs were named either Lincoln, Kennedy, or Oswald, except one, which was named "Li'l Grassy Knoll." Meanwhile, Jacqueline Kennedy kept seventeen cats. She disliked the animals, but kept a pack of trained felines for the hunting of voles. This was an ancient European pastime akin to fox hunting, but replacing the dogs with cats, the fox with voles and/or shrews (moles and mice are disqualifiers), and the horses with single-speed bicycles. Her passion for the sport, which bordered on addiction, was considered a potential liability by some within the White House, who feared that many in mainstream America, who rarely eat vole, would perceive the sport as an aristocratic European fancy. Still, it was practiced on the sly, and as a result, most of Washington, D.C., is still voleless. Continuing in the great Hodgman-ian tradition of "Were You Aware Of It?", I submit the astonishing (and, unlike Hodgeman's, completely true) fact that the illustrious London Review of Books publishes personal ads. (I just began a subscription, so this is news to me.) And they are quite the literary genre: haiku-ishly, Sapphic fragment-ally tantalizing their in brevity, they recall that six word short story of Hemingway's ("For Sale. Baby Shoes. Never Used.") and seem to offer kernels of novelish potential to those in the market for adventures in literary romance:M, 48, reaching the end of a marriage of convenience, clings to the belief that there still may be one beautiful woman left who values kindness above all else. Few demands other than intimacy in the beginning, in exchange a generous monthly allowance and the opportunity to travel.Sweet-natured F, 38, battling Dorothea Brooke tendencies. Seeks mildly eccentric unattached man with good heart.Don't tell me about your current literary read, I'll just sigh at the leaden predictability of it all, start twitching after you say "it stays with you" and grate my teeth like two whirling quern stones when you tell me you don't want to see the film until you've finished the book. Instead why not tell me about America's got talent and your favorite continental lager? Averring but occasionally surprising prof.Having just retired my ambition is to become the next Ernst Blofeld. I am looking for a lady to enjoy life with while I take over the world from my headquarters in South-East London.Update: Via commenter Imani, a collection of LRB personals was published in 2006: They Call Me Naughty Lola: Personal Ads from the London Review of Books