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...free of charge. They aggressively marketed their work with the help of word-of-mouth and cross-author promotion. Over time, tens of thousands of listeners downloaded podcasts of Hutchins' 7th Son. By 2007, St. Martin's Press, a division of MacMillan, was intrigued enough by his success and soon Hutchins scored a book deal. He has just co-authored a book in a new series called Personal Effects, scheduled for a summertime release; and St. Martin's will publish 7th Son in book form as well this year. (See the top 10 fiction books...

Author: /time Magazine | Title: Podcasting Your Novel: Publishing's Next Wave? | 1/31/2009 | See Source »

...housing boom would cause a financial crisis, estimates that continued loan losses will force U.S. banks to come up with an additional $1.4 trillion just to stave off bankruptcy. And since the banks aren't likely to earn much money or attract new investors anytime soon, much of the money will have to come from the government...

Author: /time Magazine | Title: Why Your Bank Is Broke | 1/31/2009 | See Source »

...bonds for now and instead provide the banks with insurance policies guaranteeing that the government will swallow a good deal of future credit losses. But a similar deal that the Fed struck with Citi did little to boost that company's stock or stave off fears that it may soon go under...

Author: /time Magazine | Title: Why Your Bank Is Broke | 1/31/2009 | See Source »

...stayed out of the European Union to protect its rich fishing grounds from other European fleets, is now likely to be fast-tracked into the powerful regional group. The E.U. says Iceland's application for membership could be expedited - with entry, which normally takes years and sometimes decades, as soon as 2011. E.U. membership is widely viewed by Icelanders as an economic lifesaver...

Author: /time Magazine | Title: Iceland Picks the World's First Openly Gay PM | 1/30/2009 | See Source »

Maliki appears intent on pressing the issue anew with the Obama Administration, which will have to decide soon whether to keep offering U.S. protection to the group or to yield to Iraqi demands to close Camp Ashraf. If the White House allows the Iraqi government to close the camp, the Iranian leadership is likely to see the move as a sign that the new Administration is eager to ease tensions between Washington and Tehran. A continuation of the status quo, however, could chill Obama's early outreach efforts...

Author: /time Magazine | Title: Iran Group in Iraq Poses Thorny Issue for U.S. | 1/30/2009 | See Source »

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