So, like I blogged about earlier, the American economy is basically in the toilet, and to quote Roger Clyne, “Everything’s going down, flowin’ counterclockwise.” Regardless of direction, the fact remains that, besides the bailouts of AIG, Fannie Mae, and Freddie Mac, I’ve heard today that both Washington Mutual and Morgan Stanley are initiating sales of themselves (I know a couple of people who work for Morgan Stanley, and wish them the best).
New York/Manhattan is, obviously the epicenter of the financial industry. When the Dow sinks, it sank first in Manhattan.
Manhattan is also pretty much the epicenter of the publishing industry. And given that the financial climate is what it is, one would think that the publishing industry is every bit as concerned about its own welfare as financial sectors are concerned about their own.
And one might not be wrong.
For example, one of the regular publishing/agenting blogs I read is maintained by Lori Perkins, of the Lori Perkins Agency. Lori is extraordinarily well known in the publishing industry and has quite the agenting reputation. She is renowned and respected. This is her blog. I like reading her blog.aig, authors, commercial publishing, digital publishing, economy, fannie mae, freddie mac, harper collins, harper studio, lori perkins, manhattan, morgan stanley, new york, publishing, ravenous romance, self-publishing, trade publishing, writing