Amazon rakes in more than $5 billion a year from book sales. It owns 65 percent of the e-book market, which in turn is 30 percent of the nationwide book market. It is one of the biggest of the Big Box stores, and one of the most controversial. The giant of Jeff Bezos has been accused of censorship, differential pricing, tax avoidance, and most recently, the monopoly of e-book sales.
Amazon used to collect a 30 percent commission per book based on the publisher’s retail price. However, after a price-fixing lawsuit against Apple and five major book publishers, those terms were scrapped and the fight renewed, with Amazon fighting for $9.99 per book.
Although details are sparse, the facts show that Amazon halted book sales from the multinational publisher, Hatchette, due to disagreements about price strategies. Critics claimed that Amazon understocked Hatchette titles, removed discounts and delayed delivery.
Amazon responded by launching the website readersunited.com, an open letter that claims a healthy reading culture – and a paying wage for authors – demands lower book prices. Given the price elasticity of e-books, Amazon argued, everyone benefits from lower prices. Volume beats margin.
Personally, this doesn’t impact me – but a coworker of mine named Jared Haftel
is working on an ebook and may need to reconsider his options.
The next major revolution in the United States appears to be medical and recreational marijuana use. With states like Colorado rolling in the dough, other states are realizing what a brilliant opportunity this can be to raise money for the state.
Plus the major medical business minds like Laurene Powell Jobs see this as a huge opportunity to provide a better standard of medical care to patients. Providing new treatment methods is always something that America should strive towards.
While there are skeptics. Marijuana has been one of those drugs that actually has a ton of practical applications as far as health is concerned.
So far, Pennsylvania is the newest state to vote for the measure, with the state legislature looking to introduce medical marijuana in the state. Every Democrat in the state senate, and 20 out of 27 Republicans voted for the measure.
How this will play out, we’ll just have to wait and see. Although personally, I don’t see why he cares. If the medicinal properties of marijuana can help some people in need, who is he to stand in the way of their treatment?
I don’t know why but I thought this was hilarious. Although I’m not sure how a state can be “ugly” necessarily.
Okay, so she didn’t “earn” the money per se, but she did get awarded a settlement from Los Angeles County prosecutors.
The incident occurred back in July, when a video surfaced of a California Highway Patrol officer punching a 51 year old woman in the face on the shoulder of the 10 Freeway. As things turned out, the woman was bipolar, and oddly enough pinning a 51 year old to the ground and repeatedly beating them with your fists is excessive force.
As another part of the agreement, the officer has agreed to resign.
Can’t be that bad.
Source with video: LA Times