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Posts Tagged ‘George Soros’

The Daily Beast to Publish Rapid-Fire eBooks

dblogo23.jpgThe Daily Beast announced a partnership with Perseus Books Group yesterday, a new Beast Books imprint that will quickly produce digital books by the website’s authors–followed by equally rapid paperback editions.

The NY Times explains that authors would have a few months to turn around these timely titles. The article also takes a frank look at print sales for books that started as eBooks. According to BookScan figures, Daniel Gross‘ “Dumb Money: How Our Greatest Financial Minds Bankrupted the Nation” sold 4,000 print copies, while George Soros‘ “The New Paradigm for Financial Markets” sold 50,000 print copies.

Here’s an excerpt from the article: “[Beast founder Tina Brown] envisioned most of the Beast Books titles as being 40,000 words, or about 150 pages…Perseus is paying The Daily Beast a five-figure management advance to cover the costs of editing and designing the books, and Perseus will distribute the titles through its existing sales force. The writers will receive low five-figure advances from Perseus, then split profits from the sale of both the e-books and paperbacks with Perseus and The Daily Beast.”

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Dueling Economists at PEN World Voices Festival

krugman1.jpgThe New York Review of Books brought together the country’s top economic minds for the PEN World Voices Festival last night. Entitled “The Economic Crisis and How to Deal with It,” the distinguished panel included George Soros, Robin Wells and Senator Bill Bradley.

The enthusiastic audience cheered the heated arguments about how to deal with the economic crisis, but the panelists only had 15 minutes at the end to discuss the future. Panelist Niall Ferguson, author of “Paper and Iron” and “The House of Rothschild,” took a contrary position most of the night. “People refused to believe what was happening [to the economy],” he said. “That’s why I called it “the Great Repression.”

Panelist Paul Krugman, this year’s Nobel Prize-winner, said the federal government needs to return to “forgotten Depression economics,” knocking “the 38 Republican senators who think that the answer is more Bush-style tax cuts.”

“I hate to teach arithmetic to a Nobel laureate,” Ferguson sniped, criticizing Krugman for encouraging measures that will dramatically raise the national debt. “At some point, the US begins to look more like a Latin American economy,” Ferguson concluded.