The Publishing Cliff Is Approaching, Please Fasten Your Seat Belt
More Terrible Economic News from Dear Author. Oh, dear. -.- Harcourt has even halted acquisitions of manuscripts entirely.
I…don’t think that has ever happened before. Ever.
Just wait until Paulson and Bernanke announce that (Neener, neener! We love banks and screw you little guys!) they’re not going to give money to automakers and will let GM go bankrupt, and the hundreds of industries dependent on cars all fall like dominoes. I’m fairly certain that Pennsylvania and Ohio will actually lose about a third of their tax revenue. Hell, the only place employing people around here are HMOs, chain stores, discount stores, gas stations, car dealers, and car manufacturing industries. Everything else, and I mean everything, is in the crapper, and they’re ready to pull the flush handle. How will people buy books when they have no jobs, no internet, no car?
