Word: solding
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...novelist and publisher Namita Gokhale. "So people use these books to try to find where they're located in all this." And that has made the new pop fiction a runaway success. Helped additionally by low prices (novels are priced around $5) and new distribution channels (the books are sold on street corners and in department-store chains like Big Bazaar, not just in conventional bookstores), first-time authors are moving more than 20,000 copies a year...
...pile is Chetan Bhagat, whom fellow pop author Anirban Bose calls the "Tenzing Norgay and Edmund Hillary of Indian mass-market publishing." Bhagat's three books, the first of which was published in 2004, have sold more than a million copies. One has been made into a Bollywood film and another is in production. "Chetan Bhagat's success demonstrated that there was a huge market for Indian fiction, with everyday Indian characters acting out everyday Indian stories," says Bose. "Publishers took note that homegrown talent was finding a voice, and that publishing authors like us was not only not risky...
...Adatto details in her recent book, “Picture Perfect: Life in the Age of the Photo Op,” this transformation could not have occurred without the media’s complicity. An industry more concerned with ratings than information, more conscious of sizzle than substance, sold the public propaganda that they had received straight from the campaigns. They unmistakably opted to create great entertainment with negligible journalistic content. It is this focus on the images rather than the stances of political candidates that Adatto calls “photo-op culture...
...that although people knew they were losing money, they didn't know how much. Rumors of investors jumping out of buildings spread through Wall Street; although they weren't true, they drove the prices down further. Brokers called in margins; if stockholders couldn't pay up, their stocks were sold, wiping out many an investor's life savings in an instant. So many trades were made - each recorded on a slip of paper - that traders didn't know where to store them, and ended up stuffing them into trash cans. One trader fainted from exhaustion, was revived and put back...
...uncovered Taliban stockpiles of opium. Despite the bumper opium harvests, the street price of heroin remains a costly $67 per g in European cities, and the price Afghan farmers charge for their opium has remained about $70 per kg (about $33 per lb.). If the entire crop had been sold during the past two years, "the prices should have collapsed," says Costa. "But there has been no price collapse...