In Bloomberg Businessweek, Claire Suddath reports that there are only two countries in the world that don’t have some type of legally protected, partially paid leave for working women who just had a baby: Papua New Guinea and the U.S. The result is another big gap between the haves and have-nots: The policies vary widely […]
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Posted inNonfiction, Quotes
The Painful Business of Running a Franchise
It’s not just the workers who get a lousy deal. Over the years, Bob Baber, the Quiznos franchisee, became increasingly frustrated by the terms of his contract. One of the issues that galled him the most was that Quiznos was allowed to (and did) place additional sub shops in his franchise area, creating what he […]
Posted inNonfiction, Quotes
Philip Levine’s Advice for ‘Making It’ as a Writer
“Many young poets have come to me and asked, How am I gonna make it?”
Posted inNonfiction, Quotes
Spiraling Debt, Mortgages and the Two-Income Family
Warren believes that the two-income family has contributed to the bankruptcy rate. “For middle-class families, the most important part of the safety net for generations has been the stay-at-home mother,” Warren and her daughter, Amelia Warren Tyagi, wrote in “The Two-Income Trap: Why Middle-Class Mothers and Fathers Are Going Broke” (2003), a book aimed at […]
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The Financial Reality of a $200,000 Book Advance
In 2008 I sold a book-in-progress for $200,000 ($170,000 after commission, to be paid in four installments), which still seems to me like a lot of money. At the time, though, it seemed infinite. The resulting book—a “paperback original,” as they’re called—has sold around 8,000 copies, which is about a fifth of what it needed […]