Notes: Unhappy and Happy Endings; Mixed Signals
The Senate yesterday neared passage of renewal of the Patriot Act
in a form that the leaders of the battle to protect civil liberties have called
insufficient. By a vote of 85-14, the Senate voted to
end Senator Russell Feingold's filibuster and may pass the revised bill as early as today.
According to the AP, amendments passed by the Senate yesterday will:
Feingold complained that in practice the measures will be meaningless.
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Surveys conducted on the occasion of World Book Day, which is today, have found that most readers love a happy ending to a novel. The "runaway favorite of a perfect ending," according to the Guardian, is Pride and Prejudice by Jane Austen. Second- and third-place finishers are To Kill a Mockingbird by Harper Lee and Jane Eyre by Charlotte Bronte.
Speaking of To Kill a Mockingbird, British librarians said that Harper Lee's title was the book every adult should read before he or she dies, as reported by the Guardian. Second- and third-place finishers are the Bible and the Lord of the Rings trilogy.
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Cool idea of the day: Slate is creating a book club that will reach "members" via audio online. In the near future, Slate critics Stephen Metcalf, Meghan O'Rourke, and Katie Roiphe will discuss the first selection--Joan Didion's The Year of Magical Thinking--"at a cozy bookstore/cafe in New York's Soho neighborhood." The discussion will posted March 15 as part of Slate's regular podcast feed or as a free download from the site.
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Nice for retailers, but how long can this go on?
Consumer spending in January rose 0.9%, the biggest jump in six months, while incomes rose 0.7%. The personal savings rate was -0.7%, continuing the negative savings trend of last year, when for the first time since the Great Depression, the country's savings rate was negative for the year.
The gains in income came in part from cost-of-living adjustments for people on Social Security, the new prescription drug benefit for Medicare recipients and pay raises for federal workers. In addition, the economy added 193,000 new nonfarm jobs in January.
Spending also benefited from global warming. The month was the warmest on record in a century, which encouraged shopping.
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Hastings Entertainment, which sells books along with music, games, movies and other media, has upped the credit line on a secured revolving credit facility to $100 million from $20 million. The amendment to the facility, with Fleet Retail Group and CIT Group/Business Credit, also will lower interest rates and extending the maturity date by four years to August 29, 2011.
"The amended facility enhances our liquidity and operating flexibility," president and CEO John H. Marmaduke said in a statement. "We believe the new facility, together with internally generated funds, will be sufficient to fund our capital requirements, including new store growth, for the next five years."
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The Long Beach Library Foundation has picked My California: Journeys by Great Writers (Angel City Press, $16.95, 1883318432) as the community book for the city's Book Week, which will be held March 12-18. The 2004 anthology contains work by 27 writers, including Michael Chabon, Aimee Liu, T. Jefferson Parker and Thomas Steinbeck, who, along with the editor, publisher and printer, donated their work. All proceeds from the book's sales benefit the California Arts Council.
As part of Book Week, the city is also holding art workshops, several essay contests and book events. In addition, the Port of Long Beach has given $25,000 to print a special edition of My California for Long Beach schools and libraries.
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Rat Bastards: The Life and Times of South Boston's Most Honorable Irish Mobster (Morrow, $24.95, 0060837160), a memoir by John "Red" Shea, who worked for vanished mobster James "Whitey" Bulger, is already under surveillance in Beantown. Yesterday's Boston Globe noted that Mark Wahlberg wrote the introduction for the book and has optioned film rights on the book.
With Rat Bastards's official pub date falling just before St. Patrick's Day, the publisher is considering staging some events at Irish pubs in Boston and New York, where rather than read, "Red" will tell stories about his life, perhaps becoming a kind of Frank McCourt of the underworld.
---
Effective yesterday, Manic D Press, San Francisco's "eclectic alt-lit publisher of fine poetry, fiction, art, comix, travel guides, cultural studies, and a whole bunch of other swell books" headed by the delightful Jennifer Joseph, is being distributed in the U.S. by Consortium Books Sales and Distribution. Manic D has been distributed by PGW.
According to the AP, amendments passed by the Senate yesterday will:
- Allow recipients of subpoenas for information in terrorist investigations to challenge the requirement that they not tell anyone else about the subpoenas;
- End the requirement that a recipient of a National Security Letter give the FBI the name of any lawyers consulted about it;
- Clarify that most libraries are not subject to demands in National Security Letters for information about suspected terrorists.
Feingold complained that in practice the measures will be meaningless.
---
Surveys conducted on the occasion of World Book Day, which is today, have found that most readers love a happy ending to a novel. The "runaway favorite of a perfect ending," according to the Guardian, is Pride and Prejudice by Jane Austen. Second- and third-place finishers are To Kill a Mockingbird by Harper Lee and Jane Eyre by Charlotte Bronte.
Speaking of To Kill a Mockingbird, British librarians said that Harper Lee's title was the book every adult should read before he or she dies, as reported by the Guardian. Second- and third-place finishers are the Bible and the Lord of the Rings trilogy.
---
Cool idea of the day: Slate is creating a book club that will reach "members" via audio online. In the near future, Slate critics Stephen Metcalf, Meghan O'Rourke, and Katie Roiphe will discuss the first selection--Joan Didion's The Year of Magical Thinking--"at a cozy bookstore/cafe in New York's Soho neighborhood." The discussion will posted March 15 as part of Slate's regular podcast feed or as a free download from the site.
---
Nice for retailers, but how long can this go on?
Consumer spending in January rose 0.9%, the biggest jump in six months, while incomes rose 0.7%. The personal savings rate was -0.7%, continuing the negative savings trend of last year, when for the first time since the Great Depression, the country's savings rate was negative for the year.
The gains in income came in part from cost-of-living adjustments for people on Social Security, the new prescription drug benefit for Medicare recipients and pay raises for federal workers. In addition, the economy added 193,000 new nonfarm jobs in January.
Spending also benefited from global warming. The month was the warmest on record in a century, which encouraged shopping.
---
Hastings Entertainment, which sells books along with music, games, movies and other media, has upped the credit line on a secured revolving credit facility to $100 million from $20 million. The amendment to the facility, with Fleet Retail Group and CIT Group/Business Credit, also will lower interest rates and extending the maturity date by four years to August 29, 2011.
"The amended facility enhances our liquidity and operating flexibility," president and CEO John H. Marmaduke said in a statement. "We believe the new facility, together with internally generated funds, will be sufficient to fund our capital requirements, including new store growth, for the next five years."
---
The Long Beach Library Foundation has picked My California: Journeys by Great Writers (Angel City Press, $16.95, 1883318432) as the community book for the city's Book Week, which will be held March 12-18. The 2004 anthology contains work by 27 writers, including Michael Chabon, Aimee Liu, T. Jefferson Parker and Thomas Steinbeck, who, along with the editor, publisher and printer, donated their work. All proceeds from the book's sales benefit the California Arts Council.
As part of Book Week, the city is also holding art workshops, several essay contests and book events. In addition, the Port of Long Beach has given $25,000 to print a special edition of My California for Long Beach schools and libraries.
---
Rat Bastards: The Life and Times of South Boston's Most Honorable Irish Mobster (Morrow, $24.95, 0060837160), a memoir by John "Red" Shea, who worked for vanished mobster James "Whitey" Bulger, is already under surveillance in Beantown. Yesterday's Boston Globe noted that Mark Wahlberg wrote the introduction for the book and has optioned film rights on the book.
With Rat Bastards's official pub date falling just before St. Patrick's Day, the publisher is considering staging some events at Irish pubs in Boston and New York, where rather than read, "Red" will tell stories about his life, perhaps becoming a kind of Frank McCourt of the underworld.
---
Effective yesterday, Manic D Press, San Francisco's "eclectic alt-lit publisher of fine poetry, fiction, art, comix, travel guides, cultural studies, and a whole bunch of other swell books" headed by the delightful Jennifer Joseph, is being distributed in the U.S. by Consortium Books Sales and Distribution. Manic D has been distributed by PGW.