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	<title>Persephone Green &#187; financial crisis</title>
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		<title>The Publishing Cliff Is Approaching, Please Fasten Your Seat Belt</title>
		<link>http://persephonegreen.com/publishing-the-economy/the-publishing-cliff-is-approaching-please-fasten-your-seat-belt/</link>
		<comments>http://persephonegreen.com/publishing-the-economy/the-publishing-cliff-is-approaching-please-fasten-your-seat-belt/#comments</comments>
		<pubDate>Wed, 26 Nov 2008 06:46:20 +0000</pubDate>
		<dc:creator>Persephone Green</dc:creator>
				<category><![CDATA[Publishing & the Economy]]></category>
		<category><![CDATA[Publishing Industry]]></category>
		<category><![CDATA[economic meltdown]]></category>
		<category><![CDATA[financial crisis]]></category>

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		<description><![CDATA[More Terrible Economic News from Dear Author. Oh, dear. -.- Harcourt has even halted acquisitions of manuscripts entirely.
I&#8230;don&#8217;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&#8217;re not going to give money to automakers and will let GM go bankrupt, [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://dearauthor.com/wordpress/2008/11/24/a-whole-lot-of-holy-crap-economic-news/" target="_blank">More Terrible Economic News</a> from Dear Author. Oh, dear. -.- Harcourt has even halted acquisitions of manuscripts entirely.</p>
<p>I&#8230;don&#8217;t think that has ever happened before. Ever.</p>
<p>Just wait until Paulson and Bernanke announce that (Neener, neener! We love banks and screw you little guys!) they&#8217;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&#8217;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&#8217;re ready to pull the flush handle. How will people buy books when they have no jobs, no internet, no car?</p>
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