ENTRIES TAGGED "economy"
The financial crisis is having a huge negative impact on many public sector services, including libraries. From Publishers Lunch (subscription required): As municipalities across the country face large gaps in their budget, Philadelphia is taking "drastic new steps" to face the "economic storm" that include closing 11 of the 54 branch libraries that comprise the Free Library of Philadelphia….
The Economist says book publishers are rushing to cash in on the economic turmoil bubbling up across world markets: Like any good bank in the pre-crash days, some publishers are splashing out to secure talent. Penguin's American arm has been particularly eager, bagging four inky-fingered "stars" in the past month, reportedly at a cost of over $2m in advances….