Book Sales – River And Sound Review http://riverandsoundreview.org/ Mon, 10 Jan 2022 23:14:47 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://riverandsoundreview.org/wp-content/uploads/2021/05/river-and-sound-review-icon-150x150.png Book Sales – River And Sound Review http://riverandsoundreview.org/ 32 32 Miles Morales sees big sales in December https://riverandsoundreview.org/miles-morales-sees-big-sales-in-december/ Mon, 10 Jan 2022 23:08:00 +0000 https://riverandsoundreview.org/miles-morales-sees-big-sales-in-december/

Sony had a lot of success with Spider-Man back in December, and it looks like the success has spread beyond the release of Spider-Man: No Path Home. According to industry analyst @BenjiSales, Marvel’s Spider-Man: Miles Morales saw a sharp increase in digital sales on PlayStation 5 last month, rising to the second best-selling digital game on the platform in the United States and number four in Europe. While Miles Morales launched alongside the PS5 in 2020, sales of the game have actually exceeded Call of Duty: The Vanguard, which was only in its second month of availability. @BenjiSales attributed the success to restocking the PS5, as well as the interest that followed No way home.

@BenjiSales’s Tweet is embedded below.

It’s important to note that these sales are made strictly on the PS5 platform and only consider digital copies of the game. Either way, it’s interesting to see the game getting a big boost. inch No way home, despite the fact that Miles does not appear in the film. Of course, it’s also the most recent game to feature Spider-Man, and the one that received many rave reviews after its release; ComicBook.com even called it one of the best games of 2020. Given that, it’s no surprise that some moviegoers turned to the game after seeing the movie!

Marvel’s Spider-Man: Miles Morales will have to overcome the owners of PS5 for some time. Peter Parker will return in Marvel’s Spider-Man 2 (alongside Miles), but that game isn’t set to release until 2023, and it’s unclear whether it will arrive earlier or later in the year. Hopefully developer Insomniac Games won’t keep fans waiting too long for more info on the sequel!

Marvel’s Spider-Man: Miles Morales is out now on PlayStation 4 and PlayStation 5. You can check out all of our previous coverage of the game here.

Have you recently viewed Marvel’s Spider-Man: Miles Morales? Are you surprised that so many new players are discovering the game? Let us know in the comments or share your thoughts directly on Twitter at @Marcdachamp to talk about everything related to games!

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Nintendo Switch reportedly surpassed Nintendo Wii lifetime sales https://riverandsoundreview.org/nintendo-switch-reportedly-surpassed-nintendo-wii-lifetime-sales/ Sat, 08 Jan 2022 22:13:00 +0000 https://riverandsoundreview.org/nintendo-switch-reportedly-surpassed-nintendo-wii-lifetime-sales/

It was bound to happen at some point, but it looks like the Nintendo Switch has now overtaken the Nintendo Wii when it comes to lifetime console sales. After another strong holiday season for the Switch until the end of 2021, Nintendo was finally able to beat its own milestone in hardware units sold. And while that achievement alone is already a big deal, what’s even more impressive is that the Switch was able to accomplish this feat in almost a fraction of the time.

According to new estimates from VGChartz, the Nintendo Switch was able to sell 1.16 million units in one of the last weeks of December 2021. This brings the platform’s new lifetime sales total to 101. , 88 million units in total. To date, the Nintendo Wii has sold 101.63 million units worldwide, which means it now sits behind the Switch. Again, it’s worth noting that these numbers aren’t official from Nintendo, but VGChartz tends to be pretty specific when it comes to this data. Nintendo itself is expected to release official sales statistics soon to verify this is factual.

As mentioned, what has been the most astonishing thing about the Nintendo Switch is how quickly it has sold to consumers around the world. The Nintendo Wii was first released in 2006 and was not officially discontinued by Nintendo until 2013. The Switch, on the other hand, debuted in early 2017, which means it didn’t even not had five full years of availability to date. . In order for Nintendo to be more successful with the Wii, this quickly became absolutely astounding.

While the Nintendo Switch is now the most powerful home console Nintendo has ever made, it still has a bit of work to do before moving on to other hardware from the Japanese publisher. The Game Boy and Game Boy Color have sold a total of 118 million units over their respective lifetimes, which means this is Nintendo’s next platform that the Switch will seek to adopt. And while it still has a long way to go before it crosses that threshold, the Nintendo DS remains the best-selling platform Nintendo has ever made with around 154 million units.

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Carl Bernstein’s praise for the newspaper industry https://riverandsoundreview.org/carl-bernsteins-praise-for-the-newspaper-industry/ Fri, 07 Jan 2022 05:00:02 +0000 https://riverandsoundreview.org/carl-bernsteins-praise-for-the-newspaper-industry/

The Star was known as a writer’s diary, often more creative and entertaining than the heavier Post. It was the first proving ground for some of the best journalists of our time, including national political reporter David Broder, who eventually migrated to The Post, New Yorker investigative star Jane Mayer, and New York columnist. Times Maureen Dowd. This is where Mary McGrory, another essential Post political columnist, sharpened her quill.

Having made a living reporting on the lives of others, many journalists naturally feel compelled to write memoirs, even though these books often end up on the $ 2 shelves at used book sales. (I have a small library of it, including the memoir of Los Angeles Times reporter Will Fowler, who in 1947 found the severed body of a woman known as the Black Dahlia. from my collection is “From Kristallnacht to Watergate: Memoirs of a Newspaperman,” by former Post editor Harry Rosenfeld.) McGrory, whom Bernstein absolutely adored, resisted the madness of memories and pestered me when I asked her once if she intended to write one, saying, “I’m way too busy writing my column,” which she produced three times a week.

McGrory has always said that she would happily have worked at The Star forever. For his part, Bernstein wanted nothing more than to become the city’s editor-in-chief. The well-cut man who actually held the job, Sidney Epstein, was his role model and, besides the author, the most intriguing character in the book. Epstein mentored his young teddy bear during the hours they spent establishing the weekly schedule for all of the town hall workers. Bernstein’s excitement was palpable when, very early on, he saw the town’s editor-in-chief rally his troops to cover the tragedy of two boys being electrocuted at a local swimming pool. It also vividly echoes the newspaper’s Herculean efforts to cover up the assassination of John F. Kennedy.

Sadly, Epstein couldn’t save his protégé from the Star’s rule requiring a college degree, so at age 21, Bernstein quit and, after an acting job at a New Jersey newspaper, was snapped up by The Post. As we know, Carl Bernstein still had a lot of history to pursue. But it’s a story he’s already told.

In 2008, as the digital revolution destroyed newspaper advertising and distribution, Clay Shirky, an influential media analyst at New York University, warned in a widely read article titled “Newspapers and Thinking unthinkable ”against the tears of the past. He argued that the survival of journalism was crucial, but that print newspapers could – and would – disappear. “They’ll miss us when we’re gone” was not, he chided, a sustainable business model.

Maybe not. But people still appreciate the connection between a newspaper and its readers and want reporters to know the communities they cover well. Carl Bernstein’s book, which is ultimately a eulogy for print newspapers, is a passionate reminder of what exactly is lost.

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Wine Trade Expert Tri-Cities Professor Dies Suddenly During Winter Vacation https://riverandsoundreview.org/wine-trade-expert-tri-cities-professor-dies-suddenly-during-winter-vacation/ Wed, 05 Jan 2022 03:50:26 +0000 https://riverandsoundreview.org/wine-trade-expert-tri-cities-professor-dies-suddenly-during-winter-vacation/

A renowned Tri-Cities professor and wine business expert has passed away.

Byron Marlowe, 43, died suddenly on December 28, according to Washington State University Tri-Cities.

The Fulbright scholar and author was an associate professor of hospitality and wine and beverage business management. He is survived by his wife Tami and their children Adeline, Brynn and Jonathan.

Marlowe led the Professional Certificate Program in Wine Business Management through the WSU Carson College of Business and was responsible for the International Business Management course of the online Master of Business Administration program at Carson College of Business.

He has also led educational offerings for WSU’s newly established Tri-Cities partnership with the Walter Clore Wine and Culinary Center.

In a letter to staff, Chancellor Sandra Haynes described Marlowe as “passionate about the regional wine and beer industries, studying and always looking for new and innovative ways to improve the customer experience, to help local businesses to succeed and raise the caliber of beverages developed and sold. both in the Pacific Northwest and overseas.

Haynes said he is also passionate about teaching and guiding the next generation of professionals entering one of the region’s fastest growing industries.

Haynes wrote that the students described Marlowe as an exceptional mentor and the reason they got the job of their dreams.

One of Professor Marlowe’s students said he was instrumental in her decision to go to WSU and became a mentor, teacher and dear friend.

She said many fellow faculty members shared the same sentiment.

Marlowe was named Don Smith Distinguished Professor in 2020.

The honor helps support a member of the institution who embodies Smith’s spirit as an exceptional teacher, strong mentor and accomplished industry professional.

Last spring he traveled to Austria as a Fulbright Fellow, spending four months teaching and researching at IMC University of Applied Sciences Krems in Krems an der Donau, Austria.

The experiment supported Marlowe’s research into identifying best practices for cellar tasting room experiences around the world.

He is also the author of an acclaimed book on the industry, “Wine Sales and Distribution: The Secrets of Building a Consultative Selling Approach,” which was named the best wine book for professionals in the world. United States by the International Gourmand Book Fair in 2020.

Marlowe has also been involved in the Tri-Cities community, supporting such efforts as the Downtown Pasco Development Authority’s Ponte la Mascara Pasco, or Put on the Mask Pasco.

A GoFundMe fundraiser has been set up for her family, bit.ly/3JE7ROY.

Funeral arrangements have not been made public.

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JoJo’s bizarre adventure takes new sales milestone https://riverandsoundreview.org/jojos-bizarre-adventure-takes-new-sales-milestone/ Mon, 03 Jan 2022 05:06:00 +0000 https://riverandsoundreview.org/jojos-bizarre-adventure-takes-new-sales-milestone/

JoJo’s Bizarre Adventure has announced it has taken another important sales milestone! Hirohiko Araki’s original manga series is one of Shueisha’s oldest action series, but it often doesn’t feel its age because every now and then the creator reboots the concept of the series with a new setting, characters and a story bringing it all together. In fact, the famous creator is even starting to set the stage for the franchise’s ninth entry altogether, and fans can’t wait to see what comes next for this classic manga series. This means that it is also a good time to catch up.

JoJo’s bizarre adventure includes not only the current eight parts of the original manga (and the ninth to come), but also several spin-off projects and more that Araki is also working on in parallel. As the series enters a new era and more fans are drawn to it every day, it appears the series has announced that it has now reached the milestone of 120 million copies now in print. As @WSJ_Manga noted on Twitter, this new milestone comes before Araki prepares to kick off the next era of manga:

JoJo’s Bizarre Adventure is preparing for a huge year. The series will return soon with its ninth part, JoJolands, and while no official release date has yet been set for the new iteration, Araki has confirmed that he is now working to put everything together. However, there will be a way to get a new patch for the JoJo manga, as Araki will soon be debuting another Thus Spoke Kishibe Rohan spinoff story that is set to launch early this year. On top of that, there’s also the latest anime adaptation.

You can currently find JoJo’s Bizarre Adventure’s final season, Stone Ocean, which is now streaming its first 12 episodes on Netflix. No release date has yet been set for the next wave of episodes, but fans can expect to see them later this year. All the while, the original version of the manga is still available to catch up, and that’s part of the reason the series has reached such a big milestone.

What do you think? What do you think of the fact that JoJo’s Bizarre Adventure takes this new step? Which new version of JoJo are you most excited to see this year? Let us know all your thoughts on this in the comments! You can even contact me directly about anything animated and other cool stuff. @Valdezologie on Twitter!


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First edition of Harry Potter book sold for record $ 471,000 – Oakland News Now https://riverandsoundreview.org/first-edition-of-harry-potter-book-sold-for-record-471000-oakland-news-now/ Sat, 01 Jan 2022 05:24:11 +0000 https://riverandsoundreview.org/first-edition-of-harry-potter-book-sold-for-record-471000-oakland-news-now/

Oakland News Now –

The first edition of the Harry Potter book sold for a record $ 471,000

– video made by the YouTube channel with the logo in the upper left corner of the video. OaklandNewsNow.com is the original blog post for this type of video blog content.

HarryPotter #HarryPotterauction #HarryPotterbook A first edition of the book Harry Potter and the Philosopher’s Stone sold for a record…

via IFTTT

Note from Zennie62Media and OaklandNewsNow.com: This video blog post shows the full, live operation of the latest updated version of an experimental network of Zennie62Media, Inc. mobile multimedia video blogging system that was launched in June 2018 This is an important part of Zennie62Media, Inc.’s new and innovative approach to news media production. What we call “the third wave of media”. The uploaded video is from a YouTube channel. When the YouTube video channel for Yahoo Finance uploads a video, it is automatically uploaded and automatically formatted on the Oakland News Now site and on social media pages created and owned by Zennie62. The overall goal here, in addition to our is the real-time on-scene reporting of news, interviews, sightings and events all over the world and in seconds, not hours – is the use of the network existing YouTube social. graphic on any topic in the world. Now the news is reported with a smartphone and also by promoting the current content on YouTube: no heavy and expensive camera or even a laptop is needed, nor to have a camera crew to film what is already on Youtube. The secondary objective is faster and very inexpensive production and distribution of media content information. We have found that there is a lag between the length of the post and the production time and revenue generated. With this the problem is much less, but by no means solved. Zennie62Media is constantly striving to improve the system’s network coding and is looking for interested multimedia content and technology partners.

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Catskill village says yes to pot lounges as town says no https://riverandsoundreview.org/catskill-village-says-yes-to-pot-lounges-as-town-says-no/ Thu, 30 Dec 2021 18:57:54 +0000 https://riverandsoundreview.org/catskill-village-says-yes-to-pot-lounges-as-town-says-no/ CATSKILL – Marijuana parlors are on the table for the village of Catskill after the village’s board of directors voted Wednesday against refusing to allow them within its borders.

That same night, the surrounding town of Catskill, which includes the communities of Leeds and Palenville, voted not to allow lounges.

Recreational marijuana was legalized in New York City last March, and municipalities have until the end of the year to decide not to allow dispensaries or “marijuana consumption sites” – salons – within their borders. If a municipality takes no action, both are allowed.

In the village, board chairman Peter Grasse and administrator Jeff Holliday voted against allowing pot lounges, while administrators Joseph Kozloski and Natasha Law voted against. The split vote meant that the withdrawal measure was not adopted.

Back and forth during the public hearing directly preceding the vote, Holliday and Grasse expressed reservations about allowing village lounges without knowing the rules that would govern them.

“The state did not give us a rulebook,” said Grasse.


The state Cannabis Control Board, responsible for setting regulations for recreational cannabis, has yet to release any. City leaders from Greene County communities in Windham, Hunter and Cairo, who all voted against allowing dispensaries or salons, also spoke of the lack of regulations during the vote.

Administrator Natasha Law said the village would have some control over the salons and would be able to establish guidelines either through zoning or through the village planning board.

Several residents at the public hearing cited the success of Great Barrington, Mass., Which raised $ 6.7 million in marijuana revenue between the opening of its first dispensary in 2019 and September, according to the Berkshire Eagle.

Any comparison with Great Barrington was “apples for oranges,” Holliday said, because the tax structures of the two states were different.

In Massachusetts, municipalities with dispensaries charge a 3% sales tax and have the option of levying an additional 3% “community impact fee”, while in New York, municipalities with salons or salons. Dispensaries would receive a portion of an excise tax collected by the state amounting to 3 percent of all sales.

However, since the village of Catskill is located within the town of Catskill, taxes levied on a village lounge would be shared with the town, meaning the village would collect $ 15,000 out of $ 1 million in sales, Holliday said. .

During the public hearing, it was learned that the town of Catskill had just voted to withdraw from the salons. That means the village would collect the full 3% tax if a salon decided to move there, according to Holliday.

About 40 people attended the village hearing and voting, although not all were residents. Of those who spoke, all but one were in favor of the shows, with most saying even a small amount of tax revenue would benefit the community. The poverty rate in the village of Catskill is 35.5 percent, according to the census, almost triple the state average.

The board also received letters from nine business owners who have supported the creation of salons, Law said.

Dispensaries will be authorized both in the city and in the village. The city voted not to withdraw from dispensaries when it voted to withdraw from salons. The village only voted on whether to opt out of the salons, which means that dispensaries are automatically allowed.

Of New York State’s 1,517 municipalities, 619 voted to withdraw from dispensaries, while 704 voted to withdraw from salons, according to the Rockefeller Institute of Government.

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Book Review: A History of Monsanto and its Toxic Legacy https://riverandsoundreview.org/book-review-a-history-of-monsanto-and-its-toxic-legacy/ Wed, 29 Dec 2021 03:34:28 +0000 https://riverandsoundreview.org/book-review-a-history-of-monsanto-and-its-toxic-legacy/

Monsanto Co’s Roundup for sale in Encinitas, Calif., June 2017. Photo: Reuters / Mike Blake / File Photo


  • Monsanto’s fundamental strategy was to become a magic handmaiden of the industry rather than going directly to consumers.
  • The product that made the business profitable was caffeine, starting production a few years after the plant opened in 1902 and selling primarily to Coca-Cola.
  • As the economy expanded into petrochemicals, the deleterious effects of Monsanto’s increasingly toxic line of chemicals: PCBs, DDT, 2,4-D and 2,4,5-T also grew. .
  • The list goes on, followed by disasters, contaminations and disputes brought by people with serious health problems.

When your main character is Monsanto, the former name of a St. Louis chemical company that, at least in some circles, is seen as evil incarnate (nickname: “Monsatan”), the Hollywood treatment requires a rowdy lawyer who exposes everything. Unfortunately, environmental history and epidemiology rarely proceed along such sharp narrative arcs.

Bartow J. Elmore’s book, Seed Money: Monsanto’s past and our food future, opens like a typical blockbuster. Corporate suits in dark SUVs pull up outside a small town courthouse in the heart of America. The case concerns a farmer who claims to have suffered a financial loss due to dicamba, a herbicide sold by Monsanto and the German chemicals company BASF, who is particularly prone to drift from field to field.

The Farmer’s Crusade lawyer claims the chemical was illegally sprayed on a neighbor’s crop, damaging his client’s peach trees. But then the tale quickly travels to San Francisco, where lawyers for a gardener attribute a cancer diagnosis to lifetime exposure to Roundup, Monsanto’s most popular brand herbicide. The plaintiff wins big and the multi-million dollar settlement soon results in more than 120,000 lawsuits.

The cast of Seed money soon swells, almost massively, with sketches from Monsanto’s founders and the main architects of its changing business model, as well as farmers, seed merchants, researchers and people who say their bodies were destroyed by a list without Steadily growing products sold by Monsanto, or its current owner, Bayer, which incorporated the company into its holdings in 2018.

Tracing the roots of the company, Elmore, who teaches environmental and business history at Ohio State University, attempts to squeeze the juiciest chunks out of a fairly dry corporate history. In the late 1800s, before founding Monsanto, John Queeny purchased drugs for large pharmaceutical wholesalers, including patented snake oil drugs, eventually to the Meyer Brothers Drug Company; he may have calmly accepted the news that a fire had ravaged his sulfuric acid plant the very day it opened, and the plant failure perhaps “led him to the saloon several mornings, where he swallowed nickel beers and sandwiches with his boss, Carl Meyer ”.

There, the author speculates, Queeny and another colleague devised Monsanto’s founding movement: to make artificial sweeteners, namely saccharin. Elmore notes the irony that from the start Monsanto apparently supported government regulation, even garnering support from Harvey Wiley, the so-called founding father of the United States Food and Drug Administration, and the rise in Monsanto’s power was based on the liberation of Americans from German chemical cartels, including Bayer.

Monsanto’s fundamental strategy was to become a magic handmaiden of the industry rather than going directly to consumers. The product that made the business profitable was caffeine, starting production a few years after the factory opened in 1902 and selling mainly to their “cash cow”, Coca-Cola (the subject of the first book by Elmore, Citizen Coke: The Making of Coca-Cola Capitalism). As the economy expanded into petrochemicals, the deleterious effects of Monsanto’s increasingly toxic line of chemicals: PCB, DDT, 2,4-D and 2,4,5-T (the latter two being both herbicides and active ingredients in Agent Orange), the list goes on, followed by catastrophes, contaminations and disputes brought by people with serious health problems.

It is an incessant accumulation of algae blooms and skin lesions. Describing the remote manufacturing sites of Idaho and West Virginia, Elmore writes, “the bodies of these workers had stories to tell.” He sifts through the wreckage, deftly extracting vignettes from primary court documents, journals and scholarly journals.

The plot rarely deviates far from the course one would expect: Monsanto behaves abominably in pursuit of profit. In the late 1970s, for example, when company officials sensed that a controversy was brewing in West Virginia, they commissioned a study designed to refute the health concerns. Later in the 1990s, while searching for the genes of what would become the company’s next pivotal product, the researchers probed the heavily contaminated soil around a former Monsanto site. “Essentially,” Elmore writes, “the company was hoping to find a profitable innovation by harnessing its own pollution. “

Seed money hit its stride by documenting what is perhaps Monsanto’s best-known iteration in its phase of the “new era in American agriculture” that took shape in the 1990s under Robert B. Shapiro, its managing director at the time – someone who Elmore said should be a household name. Shapiro preached a wellness message and ushered in the ‘first commercial launch of genetically modified (GM) seeds for major staple crops,’ starting in 1996 with Bollgard cottonseed and quickly followed by soybeans and canola. .

“Today, whether you are a vegan eating tofu, a corn-fed beef enthusiast, or a high fructose drinker,” Elmore writes, “you have almost certainly swallowed grain containing DNA from it. ‘a successor to Shapiro raised for the first time in a Monsanto laboratory.

According to Elmore, Shapiro has made the company more like Microsoft, licensing genetically modified seeds tolerant to “Roundup Ready” herbicides like software. Glyphosate, the active ingredient in Roundup, is still the most widely used herbicide, covering 90 percent of all corn and soybeans grown in the United States, and has been compared to wonder drugs like penicillin.

Roundup Ready seeds are now part of a patented system that allows farmers to spray the herbicide at will. Over time, however, weeds evolve and develop resistance to Roundup, and its overuse has undermined its relative effectiveness. Although it tried to distance itself from a legacy focused on making chemicals for industry, Monsanto found that, even with its genetically modified products, it still couldn’t completely part with its “relentless pursuit.” to sell more chemicals, ”Elmore writes. One of Monsanto’s last acts, before being bought out by Bayer, was to revive dicamba, an old-fashioned chemical and sort of booster to prolong the phenomenal profitability of the world’s best-selling herbicide. world.

In his thanks, Elmore writes that he has obtained permission to examine the company’s records. Suffice it to say, however, Seed money does not read like a sanctioned story. Nor does he sizzle with zeal for prosecution. There are journalistic touches; Elmore’s research takes him to many places (Brazil, for example) and he seems to meet many sources in person. But the leather of the shoe doesn’t always translate into cinematic action on the spot. The details accumulate in numerous footnotes, giving the book, strewn with multisyllabic jargon, a rather learned air.

With the Roundup litigation ongoing, Bayer has attempted to defend itself, in part, by arguing that science is on its side. The US Environmental Protection Agency and the European Chemicals Agency, among other regulatory agencies, have determined that the herbicide does not cause cancer. The World Health Organization, however, classifies it as a probable human carcinogen. Several juries have reached the same conclusion – Elmore acknowledges that jurors in a 2018 case “did not need compelling scientific evidence of the link between glyphosate and cancer”. On the contrary, in court, it seems that the most convincing story wins.

Seed money, of course, is the term used for an initial round of funding, and the book makes an implicit accusation of how research funding bends “at the behest of business.” Monsanto is also good at sowing doubt, by sponsoring research that undermines accusations about the dangers of its products.

Despite a subtitle promising to deliver a message on “our food future”, Seed money never quite achieves this result, instead focusing on the toxic legacy that fueled Monsanto’s transformation into an agriculture and biotech giant, and providing an in-depth chronicle of the ideology and context in which its ubiquitous chemistry was born.

Ultimately, Elmore writes, “While executives loved to talk about how the ‘new’ Monsanto was so different from the old, the truth was that the company’s future was still tied to its chemical origins. – to scavenging capitalism. “

“Roundup,” he continues, “derived from phosphate ore mined from ancient sea beds that dried up millions of years ago, produced half of the company’s revenue in 2001. Monsanto, in in other words, could never completely free himself from the chemical economy he helped create. “

Peter Andrey Smith is a freelance journalist. His stories have been featured in Science, STAT, the New York Times and Radiolab WNYC.

This article was originally published on Darkness.

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Piraeus Bank continues to clean up its balance sheet with the sale of bad loans https://riverandsoundreview.org/piraeus-bank-continues-to-clean-up-its-balance-sheet-with-the-sale-of-bad-loans/ Mon, 27 Dec 2021 10:50:00 +0000 https://riverandsoundreview.org/piraeus-bank-continues-to-clean-up-its-balance-sheet-with-the-sale-of-bad-loans/

ATHENS, Dec. 27 (Reuters) – Bank of Piraeus (BOPr.AT) said on Monday it had sold part of its securitized bad loans to Intrum and Serengeti Asset Management as part of efforts to clean up its balance sheet.

Greek banks have cut a large stock of bad loans accumulated during the country’s decade-long financial crisis and are targeting a single-digit bad debt ratio next year.

The transaction is part of Piraeus Bank’s Sunrise transformation program announced in March and follows the closing of its € 7.2 billion Sunrise I securitization.

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Piraeus, one of Greece’s four largest banks, said it has sold 44% of the mezzanine notes of its Sunrise II securitized bad debt to Intrum and 7% to Serengeti Opportunities Partners.

The Sunrise II portfolio comprises approximately 47,000 personal and business loans with a gross book value of 2.7 billion euros ($ 3.1 billion).

When announcing the transaction in early November, Piraeus said the implied valuation of the sale, based on the face value of senior bonds and the proceeds from the sale of mezzanine and junior bonds, was 47.4% of the gross book value of the portfolio.

Goldman Sachs Europe and Alantra CPAI have acted as arranger and financial advisers for Piraeus, which aims to achieve a single-digit NPE (Non-Performing Exposure) ratio by early 2022.

Piraeus Bank will retain 5% of the mezzanine and junior ratings of the Sunrise II securitization in accordance with applicable regulatory requirements, as well as all of the senior ratings.

The bank said the capital impact of the sale represented a 50 basis point increase in its total capital ratio in September.

($ 1 = 0.8838 euros)

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Reporting by George Georgiopoulos; Editing by Kirsten Donovan and Alexander Smith

Our Standards: Thomson Reuters Trust Principles.

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2021 in the books: “Everything seems magnified” | Chicago News https://riverandsoundreview.org/2021-in-the-books-everything-seems-magnified-chicago-news/ Sat, 25 Dec 2021 18:01:26 +0000 https://riverandsoundreview.org/2021-in-the-books-everything-seems-magnified-chicago-news/

American poet Amanda Gorman reads her commissioned poem “The Hill We Go Up” during the 59th Presidential Inauguration at the United States Capitol in Washington on January 20, 2021. (AP Photo / Patrick Semansky, Pool, File)

NEW YORK (AP) – Books and authors counted in 2021, sometimes more than the industry wanted.

A 22-year-old poet has become a star of literature. The enthusiasm of young people on TikTok has helped revive Colleen Hoover’s “It Ends With Us” and other novels released years earlier. Conservatives pushed for restricting books allowed in classrooms at a time when activists were working to expand them. And the government has decided that the merger of two of the country’s largest publishers could damage an invaluable cultural resource: authors.

“Everything looks very magnified,” says award-winning novelist Jacqueline Woodson, whose books have been challenged by officials in Texas and elsewhere.

“One day I hear that Texas is trying to ban (Woodson’s novels) ‘Red at the Bone’ and ‘Brown Girl Dreaming’, and the next moment we see Amanda Gorman speaking the truth to power.” . Maybe it’s because of social media or the pandemic, but it all looks a lot more intense, ”she says.

Sales were strong in 2020, the first year of the pandemic, and increased in 2021. The number of books sold through the end of November is up 10% from 2020 and 20% from last year. pre-pandemic year of 2019, according to NPD BookScan, which tracks about 85% of the print market. The Association of American Publishers reported $ 7.8 billion in revenue for commercial books in the first 10 months of 2021, a 14% jump from a year ago.

“You don’t hear a lot these days that people don’t read anymore,” said Allison Hill, CEO of the American Booksellers Association, the nation’s independent bookstore business group.

A year after the ABA feared hundreds of stores would close due to the pandemic, Hill says membership is growing, with more than 150 new stores opening and some 30 closings.

Fiction was particularly strong in 2021 as BookScan’s sales jumped over 20% from the previous year, driven by everything from TikTok’s Book Club and Reese Witherspoon to a wave of manga and a wave of literary bestsellers which included “Crossroads” by Jonathan Franzen and “Cloud Cuckoo Land” by Anthony Doerr.

Penguin Random House US CEO Madeline McIntosh called the popularity of fiction “the biggest sign that we have long-term growth for the industry.”

“It’s one thing when you pick up books when you want to learn how to do something or keep up with the news, but it’s a different impulse when you pick up a book because you want to spend your hours reading. And that’s what we see with fiction, ”she said.

With Donald Trump no longer in the White House, sales of political books have fallen by nearly 25%, according to BookScan. But the world of books has become more politicized – starting with the question of who could or should publish the former president’s memoir.

Multi-million dollar deals for presidents are a tradition. But New York editors weren’t comfortable with Trump ahead of the Jan.6 siege of the U.S. Capitol by his supporters and have since openly distanced themselves from him and his allies like Senator Josh Hawley, whose “Tyranny of great technology ”was abandoned by Simon & Schuster.

In response, a network of independent conservative publishers has sprung up, ranging from established entities like Regnery, who acquired Hawley’s book, to new companies like All Seasons Press or the Daily Wire’s DW Books. . Trump’s first post-White House book project, the ‘Our Journey Together’ photo compilation, will be published by Winning Team Publishing, founded by his son Donald Trump Jr. and campaign aide Sergio Gor.

Throughout 2021, books have been in the news. The year was barely three weeks old when millions of people watched Gorman become the country’s best-known poet and cultural phenomenon. His calm and energetic reading of his commissioned work “The Hill We Go Up” was a highlight of President Joe Biden’s inauguration. This has earned her recognition more in line with fashion or movie stars, including a contract with IMG Models and coverage for Vogue. A hardcover edition of “The Hill We Climb” sold hundreds of thousands of copies, although readers could find the text for free online.

Gorman’s appearance at the inauguration was made possible by First Lady Jill Biden, who in 2017 attended a reading Gorman gave to the Library of Congress as the country’s Young Poet Laureate.

Countless authors, famous and unknown, have found unexpected support in the person of Attorney General Merrick Garland. In November, the Justice Department announced it would take legal action to block Penguin Random House’s proposed purchase of Simon & Schuster, the first time in years that the government has attempted to halt a major consolidation. of the edition. The DOJ’s objection was rooted as much in art as it was in commerce – the fear that writers wouldn’t make enough money to write.

“Books have shaped American public life throughout our country’s history, and authors are the lifeblood of book publishing in America,” Garland said. “If the world’s largest book publisher is allowed to acquire one of its biggest rivals, it will have unprecedented control over this important industry. American authors and consumers will pay the price for this anti-competitive merger – less advance payments for authors and ultimately less books and less variety for consumers.

Woodson says she and other writers were blown away by the DOJ’s announcement and recalls thinking, “Wait, they’re speaking for us!”

Debates on literature have never been more heated than in classrooms and libraries across the country.

Grassroots activists such as # disrupttexts.org have pushed teachers to diversify the curriculum with novels such as “Another Brooklyn” by Woodson, “Salvage the Bones” by Jesmyn Ward and “The Round House” by Louise Erdrich. Independent bookstores have made efforts to donate free copies of the book edition of the Pulitzer-winning “1619 Project”, which places slavery at the center of American history, to schools. The book sold over 100,000 copies in its first two weeks on sale, according to BookScan.

Meanwhile, an advertisement for the race-winning Republican candidate for Virginia governor Glenn Youngkin featured a white conservative activist alleging her son had been traumatized by an assigned high school text, “Well- loved, ”Toni Morrison’s novel about a black, Pulitzer Prize winner. woman who had fled slavery and murdered her daughter rather than allow her to be captured.

Dozens of bills across the country have been proposed or passed that call for restrictions on books deemed immoral or unpatriotic. Texas state lawmaker Republican Matt Krause sent a 16-page spreadsheet to the Texas Education Agency listing more than 800 books he deemed worthy of possible banning, including works by Woodson , Ta-Nehisi Coates and Margaret Atwood. Nine novels by award-winning young author Julie Anne Peters, whose stories often feature LGBT characters, have been cited.

“I think one of the reasons this is happening is that the books have stamina,” Peters said. “You always remember the great books you read. They are so influential, especially the ones at school. Everything else is so fleeting and changing. But once a book is there and it’s available and it represents our history and our culture, it becomes a historical reference to which you return.


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