In New York, Gabriel Sherman checks in on Wall Street and finds that the big money culture may be gone for good. “There has been a growing recognition on Wall Street that the system that had provided those million-dollar bonuses was built on a highly unstable foundation.”
The New York Times profiles MacArthur Genius and National Book Award winner Ta-Nehisi Coates as one of America’s foremost public intellectuals. His book We Were Eight Years in Power: An American Tragedy (which we have been anticipating for months) is released this Tuesday.
“Would I have carried myself with the same swagger, or faced adversity with such feminine resolve, without Albertine as my guide?…I was drawn to a striking, remote face—rendered violet on black—on a dust jacket proclaiming its author ‘a female Genet.’ It cost 99 cents, the price of a grilled cheese and coffee at the Waverly Diner, just across Sixth Avenue. I had a dollar and a subway token, but after reading the first few lines I was smitten—one hunger trumped another and I bought the book.” Patti Smith introduces Astragal by Albertine Sarrazin, recently rereleased by New Directions.
Amazon announced that on Christmas day it sold more Kindle ebooks than regular books (and that the Kindle is not the site’s most popular gift ever). Chadwick Matlin outlines at The Big Money the reasons why the Christmas day surge in ebook sales don’t matter. The New York Times suggests each new version of the Kindle may be getting worse, and separately dubs 2010 the “Year of the Tablet.”