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Any Firm That Does Not Assume Financial Risk Is Not A Publisher

To someone considering vanity publication on Twitter. Fk that. In an honest publishing deal, money flows to the writer . If they want to self-publish an ebook, they need not put out money up front; they can do it at Draft2Digital . They take a percentage of sales instead instead of demanding up front money. There are similar services; this is just one that I know that an author I trust has checked out and uses. Keep in mind that the author has to provide all graphics and have all editing and marketing done themselves. This is a slow way to establish oneself as an author and it may not succeed. A real publisher assumes financial risk, fronting money for design, editing, marketing, distribution, and fulfillment; that is the whole and entire thing a publisher can do that an author cannot do for themselves. It is the entire business model of publishing to assume financial risk in the hope of making a profit . Any firm that does not assume financial risks is not a publisher. ...

"This Part Ships Today!"

Yes, but from where?

The Leedle Lightbulb in the Ice Dispenser

Frigidaire part number 5304506475 (120v, 6w.) Around $20 from various appliance parts stores. Apparently equivalent Philips part no. BC6S6 120v-12/2PK. (At least, it works in the dispenser.) Around $3 for two from Home Depot. Little bit greedy, aren't you, Frigidaire?

Personal Finance in a Trump Administration

(See also " Personal Finance in a Deflationary Period " and " Don't Care If the Money's No Good ," both from 2010.) Avoid debt. There appears to be a long-term policy goal of making it impossible to get out of deep debt, once one is in it (student loans, bankruptcy "reform," etc. etc.) and with Mnuchin the likely Treasury Secretary this will only get worse. I think there will probably be an explosion in the national debt and, at the same time, possibly inflation, so that most financial assets will lose their value. Ownership of useful property is probably valuable; if you can buy your own house or capital property without taking on debt that might be wise. Insured bank deposits are not a bad bet, but do not expect the government to make good on bank deposits should the banks be brought down again: the FDIC and NCUA may run out of funds, and these may not be replenished. (Based on a short note on John Scalzi's blog .)

How to become an Amazon bestseller

What a marketer has to say about Amazon bestseller lists. Last week, I put up a fake book on Amazon. I took a photo of my foot, uploaded to Amazon, and in a matter of hours, had achieved  “No. 1 Best Seller” status, complete with the orange banner and everything.— Brent Underwood . I've made an archival copy, since it is entirely possible that Amazon will be able to persuade the author to take the post down.

Intellectual Property for Jewelers

My wife noticed this morning that some jewelry she had bought was a knock-off of a local craft artist's work. Which inspired me to do some research on intellectual property for jewelers. Turns out that designs can be copyrighted or (if three-dimensional) patented. Copyright protection is easy and cheap, but patents provide more protection. This bird's short take on this is to copyright almost everything; patent only designs that you expect to make a lot of money from. Cites: Creative Arts Advocate article .  Etsy policy statement . Nolo Press: The Craft Artist's Legal Guide . Oooh, shiny!

Book Review: Phishing for Phools

Akerlof and Shiller, Phishing for Phools: The Economics of Manipulation and Deception . Princeton University Press, 2015. 257 pp. This book, by Nobel-winning economics professors George A. Akerlof (Georgetown University) and Robert J. Shiller (Yale University), is an extended discussion of the role of fraud in economics. The authors argue that fraud is a natural feature of unregulated markets and that fraud is as subject to economic equilibrium as any other product. They back the argument with multiple historical examples, including a short history of advertising, abuses in the pharmaceutical industry, a history of the discovery of the health risks of cigarettes. One entire chapter is spent on the return on investment of lobbying (at least 100 to 1, in the examples they give) while avoiding partisanship and current issues. Their examples are chosen to be safely in the past. It must have taken serious self-restraint not to talk about the financial disasters of the 2000s and the...