Perhaps the opposite.
Reports of the death of the small bookstore may have been, as Mark Twain might say, greatly exaggerated. On the Digital Reader, Nate Hoffelder reports that in the past nine months, the American Booksellers Association has added more than 70 new members. Independent bookstores are finding success by offering what Amazon cannot: community, personal interaction, and a welcoming environment. In addition, many booksellers have adapted to the Internet age by selling e-readers and print-on-demand books. John Evans, a co-owner of four indie bookstores in California, said, “For us who are in the trenches, it’s funny reading about how we’re disappearing when we’re really growing.”
During a panel discussion at the Clinton Global Initiative on Tuesday, Clinton took on the GOP over their Obamacare threats.
On Tuesday, Hillary Clinton all but dared congressional Republicans to shut down the government.“They ought to go back and read history because, I will just say, it wouldn’t be the worst thing in the world for Democrats, if they tried to shut the government down. We have seen this movie before and it didn’t work out very well for those who were obstructionist.”The comments were a reference the government shutdown of 1995, when a band of conservative Republicans in the House of Representatives, led by then–House speaker Newt Gingrich, were unable to come to a budget agreement with the Clinton White House.
Getting more smartphones into people’s hands can not only boost economies, but create new opportunities for women.
Mobility took on new meaning at this year's Clinton Global Initiative, as a focus on getting technology into the hands of women surfaced on panels of all concentrations.In a session headlined by Cherie Blair, founder of the Cherie Blair Foundation of Women, handheld technology was forefront. The wife of British former prime minister Tony Blair recalled being inspired to start investigating girls and mobile tech after a previous CGI, where she noticed women weren't getting a fair share of the attention.
Given how important any news out of the Federal Reserve is for market movements, news about potential advantages gained by early information is huge.
By Eamon JaversIn the wake of an unusual trading pattern after the Federal Reserve's decision to continue economic stimulus last week, Fed officials have contacted certain news organizations to discuss rules and procedures for the central bank's advance release of sensitive information, CNBC has learned.On September 18, the Federal Reserve shocked the financial world with its decision not to scale back its level of support to the economy as most market participants expected.
Bill Clinton opened his annual gathering with an emotional remembrance of a Clinton Foundation employee killed in Kenya, Bono did his best impression of the former president, and corruption fighter Mo Ibrahim blasted the West for neglecting investment in Africa.
President Bill Clinton kicked off his annual meeting on a teary note Tuesday, speaking about a Clinton Foundation employee who was killed at the Nairobi mall massacre on Saturday. Elif Yavuz, a young eight-months-pregnant, Dutch-born Harvard Ph.D., and her partner, architect Ross Langdon, were both stationed in Nairobi. Clinton had met Yavuz just six weeks ago on a visit to the country. “I hope they can be a metaphor for what we're all about," he said emotionally, "and I ask you to remember them and their families and all those people we don't know who were killed in Kenya and the Navy Yard and everywhere else people die senseless deaths.
Viral spambot actually art project.
It’s a dark day on the Internet. The beloved Twitter account @Horse_ebooks, whose absurdist excerpts from obscure digital books gained a cult following in 2011, has been revealed to be an art project by BuzzFeed employee Jacob Bakkila. There was once a time when @horse_ebooks was a real spambot, but in September Bakkila contacted the owner and took it over. “The idea was to perform as a machine,” Bakkila told The New York Times.
While defending AIG payouts.
Talk about false equivalence. In a wide-ranging interview with The Wall Street Journal, AIG CEO Robert Benmosche compared the public anger and government targeting of bonuses paid by AIG in 2008 and 2009 after the insurer was bailed out to the horrific racial violence suffered by African-Americans in the 19th and 20th centuries. Criticism over the insurer’s practice of paying large bonuses—even though AIG needed an infusion of $182 billion in public funds to stay alive—“was intended to stir public anger, to get everybody out there with their pitch forks and their hangman nooses, and all that—sort of like what we did in the Deep South [decades ago]. And I think it was just as bad and just as wrong.”
Nasdaq punished for Facebook debacle.
And the red rose goes to the New York Stock Exchange. Hoping to avoid a repeat of NASDAQ’s bungling of the Facebook IPO, Twitter has announced its share will be listed on the venerable NYSE. The IPO is expected to take place sometime in the next several months. Twitter will reportedly sell 50 million to 55 million shares at a valuation of $28 to $30 a share, meaning that the company would be valued at $15 billion to 16 billion. The loss is another black eye for NASDAQ, which has generally dominated the listings for rapidly growing technology companies (Apple, Google, Facebook, LinkedIn).
Despite being up against Emmys, Sunday night football.
There’s just one episode left of Breaking Bad—and no one can wait for their DVRs anymore. The AMC show had record ratings for its penultimate episode Sunday night, despite fierce competition from the Emmys and Sunday night football. Breaking Bad had 6.6 million viewers, up from its previous record of 6.3 million, including 4.3 million in the coveted 18- to 49-year-old demographic. The show’s final batch of episodes, which premiered last month, has already received record ratings ahead of the much-anticipated finale. In other words, don’t make any plans for this Sunday night.
Due to fear of nuclear-weapon use.
North Korea received a slap on the wrist over its budding weapons program from longtime ally China, which banned certain exports to Pyongyang over fears that the materials could be used for nuclear, chemical, or biological weapons. China published a 236-page list of prohibited exports just days after new satellite images from North Korea indicated that the country may be resuming its production of plutonium at a complex Pyongyang had pledged to shut down six years ago. A Chinese expert on North Korea put it bluntly: “China is increasingly unsatisfied with North Korea’s actions.” The list also comes just days after Beijing invited North Korea and other countries, including the U.S., to talks to persuade Pyongyang to give up its nuclear capabilities.
Israel condemns the new alliance between Hamas and Fatah, but it was forged in Israel’s prisons.