Click Here for the Guest List. Authors sign free.
Click Here for the Guest List. Authors sign free.
A major piece in The Atlantic Magazine, by Joshua Clark Davis, has exposed the FBI’s operations against Black and African-American bookstores. Launched in 1968 by J. Edgar Hoover, the still mainly secret program sent out squads of Feds to snoop on Black-owned book shops, to find out how “extremist” they were. To read this entire story CLICK HERE.
The FBI played dirty tricks on the Black Panthers and other Black Power groups. Hoover sent his men to infiltrate the various groups, One particular book, by Earl Anthony, called “Spitting in the Wind” tells the story of how the FBI blackmailed him to be an informant, and supplied him with drugs (marijuana) instead of pay. His job was to spy on the Bllack Panthers.
Mr. Anthony, in his book, also relates how the CIA. worked with the FBI to “turn” the Black Power movement to “Pan-Africanism”. The CIA wanted to re-focus attention of Black Americans from domestic problems and discrimination and push them to be involved in their African Heritage. This included recruiting young Black men to fight in various CIA sponsored secret wars in Africa. To this end, Mr. Anthony was sent to Africa to meet various leaders and provide information on the Pan-African movement. Meanwhile, at home in the US, Pan-Africanism was given a boost, with many festivals and events that diverted attention from the grinding poverty and cultural problems that were being addressed by The Black Panther Party and other domestic self-help organizations.
This book is fairly scarce, as the publisher was driven out of business by a lawsuit against another book they had published on the Robert F. Kennedy assassination.
by Paul Hunt
Dateline: Los Angeles,
February 2, 2018
Barnes & Noble is in trouble. The stock price, as of today, has dropped below $5.00 to $4.65. Contrast this with their monopoly competitor amazon.com, which has topped to $1,429.95 per share. Some, maybe most would say that this is an unfair comparison, because we don’t know exactly what book sales at amazon really contribute to their overall well-being. There has always been a great suspicion over the years that book sales have lost a lot of money, even though the stock kept creeping up. Now that amazon sells everything on earth to everyone on earth, the money is pouring in to their coffers. They have also signed significant sweetheart deals with the C.I.A. and the U.S. Defense Department, worth potentially billions of dollars.
So the big question for Barnes & Noble is: What the heck to do? They need to do something, because their path at the moment is leading them into the swamp at the bottom of boot hill. Their position in the retail market is shrinking badly, not necessarily because of them doing bad things, but mostly because rents in the good markets are skyrocketing and pricing them out, forcing B & N to close their superstores in some of the most lucrative cities.
One crazy idea would be to go back to the malls. At one time they had hundreds of bookshops in the malls across America. Maybe it is time to rethink this. Many malls, even in great markets like Los Angeles, may now offer reasonable rents, because the malls themselves are having trouble keeping big chains, many of which were sucker-punched by the exploding on-line sales and slaughtered by the amazon colossus.
Barnes and Noble might be able to maintain a presence in the big cities where they have lost superstores, like Pasadena, Encino, and Santa Monica, California, by opening smaller stores in the area malls. The key to this strategy would be three-fold:
First, it would still give them a presence in the great retail book markets.
Second, by having lots of book signings and events, they could keep retail traffic flowing to their stores in the malls, where another benefit is usually abundant parking.
Third, they integrate their online efforts to be mutually supporting to both their online communities and retail stores, something they already do quite well, but when the superstore closes it kills the symbiotic relationship.
Is there still time? Their stock price has been falling fast. They are closing some great locations due to high rents, and thereby losing market share. Their efforts to put wine bars and restaurants inside some stores is misguided to say the least. Some would say just stupid. If you want to look for a business that is harder than selling books it has to be the restaurant business, where a 90% failure rate is a standard.
In the past, the used book stores were a great fit with the bookstores that sold new books, be they independent, the old Crown books, Pickwick, B. Dalton, Waldenbooks, Borders, or Barnes and Noble. With everyone now scrambling for the crumbs dropped by amazon, it’s time for some bold moves. Amazon is always engaged to pushing even its own vendors to the side, by their “Fulfillment by amazon.” program. They eventually want a monopoly on all book sales in the world, both new, used and remainders. It will take a mighty effort of thousands of independent bookselllers to fight this. Will the last national big chain of bookstores, Barnes and Noble be able to survive this onslaught? Or are we all doomed to live in the monopolistic fantasy of Bezos world? Amazon.com is now recognized by many business experts as the most ruthless business corporation that was ever in existence, surpassing the British East India Company.
Jeff Bezos, amazon’s “Oligarch”, is the richest person in history, his recent wealth estimated at over 118 billion dollars. That’s a pretty damned big deal, folks. The book business is only a small part of amazon, now being overshadowed by selling everything on earth at its online platform, Amazon now is in the grocery business, with Whole Foods Markets, has investments in google, air bnb, the Washington Post, movie and television studios, Audible, the largest producer and retailer of audio books, Twitch, online gaming, IMDB internet entertainment database, Kindle, Echo, Zappos (shoes), Abebooks.com (used books) and much, much more. If the independent booksellers can devise strategies to push back, it will give the rest of the world’s business community some hope that they too might be able to survive.
Brand New DVD 118 minutes
“Paul Laurence Dunbar: Beyond the Mask” is a documentary on the life and legacy of the first African American to achieve national fame as a writer.Born to former slaves in Dayton, Ohio, Paul Laurence Dunbar (1872-1906), is best remembered for his poem, We Wear the Mask” and for lines from “Sympathy” that became the title of Maya Angelou’s famous autobiography “I Know Why the Caged Bird Sings.” A clip of Angelou reciting Dunbar’s poem on the David Frost Show is featured.
Dunbar’s story is also the story of the African American experience around the turn of the century. The man Abolitionist Frederick Douglass called “The most promising young colored man in America” wrote widely published essays critical of Jim Crow Laws, lynching and what was commonly called “The Negro Problem.”
Yet, to earn a living, Dunbar worked as an elevator boy and wrote poems and stories utilizing “Plantation Dialect.” He also composed songs for Broadway that bordered on blackface minstrelsy.
More than 8 years in the making, “Beyond the Mask” received support from Ohio Humanities and major funding from the National Endowment for the Humanities. It is a production of the Central Region Humanities Center based at Ohio University.
Hopefully the DVD will stimulate some of the young folks to grab a book and read his poetry and prose.
Thanks for doing business with us. Now over 30 years its hard to express how much we appreciate your support. Now more than ever We at EsoWon think the need for an alternative source of knowledge is needed. Our books represent some of the finest minds in our Nation’s History and Your continued support of our store keeps good books like these in print.
James, Tom & Sam
The 51st California International Antiquarian Book Fair will be held on February 9-11, 2018.
Featuring the collections and rare treasures of over 200 booksellers from over 30 different countries the California International Antiquarian Book Fair is recognized as one of the world’s largest and most prestigious exhibitions of antiquarian books. The California International Antiquarian Book Fair gives visitors the opportunity to see, learn about, and purchase the finest in rare and valuable books, manuscripts, autographs, graphics, photographs, print ephemera, and much more.
by Paul Hunt
Dateline: January 11, 2018
Today was the sad ending for the beautiful Barnes and Noble book store in Santa Monica. At the end of a 20 year lease, they faced a large rent increase that made the profitability of the store impossible, Everyone has heard of the expression “Greedy Landlords”. In many areas, the wonder is that there is any room left for ever more rent increases before the commercial and retail locations just shut down. The rent-increase euphoria that has seized the corporate real estate world is mind-boggling. They must be led by younger folks, with no past memory.
There are many factors driving this insanity. Remember the old Midnight Special book store on the Prominade? The store was a leftist carnival, a literary beacon for the Progressives. The building was owned by an old guy who was, let’s say, beyond “progressive”. He kept the rent down and let the store flourish. I don’t remember any store quite like it, and if you dug politics you were in socialist paradise. Then the old ownier died or went into a long-term care facility. The owner’s “kids” (not so young as the owner was in his 90s as I remember), got an offer they couldn’t refuse. A major clothing company offered to pay around $45,000 per month rent. The Midnight Special was paying about $5,000 at the time, so guess what happened? The “kids” got a windfall. The progressives got the capitalist boot. The kicker is that the clothing company, Levis, did not look at it as a retail store. They considered it as a “billboard”, a place to showcase their jeans. Compared to a two-minute television commercial in the Los Angeles market, the retail space is cheap, even at the outrageious price they are paying. So how can any bookstore compete with that?
Here is a blast from the past, an old timer shouting out to the current real estate corporations. I am probably not the only one who remembers the Third Street Prominade in the 1980s. Most of the stores were empty or filled with third rate shops, none special or exciting. The Prominade was dead. It was packed with homeless people. It was a little scary, with a lot of crime. Think it can’t happen again?
Bad Times in San Jose
The bad times are forgotten by the next generation, especially if they didn’t have to live through them as adults. Back in the 1960’s there was a terrible recession in California. I had a sales job that took me around the State. L.A. was “economic bad,” but when I got into San Jose, I was floored. Miles of businesses were gone, hundreds of them empty, closed down. Supermarkets gone, huge shopping malls gone, car dealers gone. Miles of recession devestation, an economic disaster. Driving down the main drag was like driving into the end of a Zombie movie. So be advised, it can and might happen here.
The Barnes and Noble store in Santa Monica was a beautiful bookstore. It had three levels, elevators, escalators, great lighting, and a stunning design. The event room on the second level was the best I have seen in a book store, a mini-auditorium where many great authors came to discuss their works and sign books. We filmed there on occassion.
In other articles on BookStoreMemories, we have covered some of the issues that have impacted B & N: the online monopoly amazon.com being the main culprit, the destroyer of bookstores. But B & N has itself made many past mistakes that go into the mix. We are nevertheless sad to see Barnes and Noble close their Santa Monica store, it was a wonderful store and a great place to shop. There is now a literary hole in the soul of Santa Monica.
Video Tour of Barnes & Noble Booksellers on the last day, Click Below:
Seeking Alpha, a critical wall street and financial website, has questioned Barnes and Noble’s continuous dividend payout yielding 8%, asking if this is sustainable during recent huge drops in revenue. Read the entire article, CLICK HERE.
Some comments on Barnes and Noble and Amazon for historiical background as follows (not part of the Seeking Alpha article):
B & N in past years made more bottom line money on the game business they purchased. The game sector, which was around 10% of revenue threw off about 90% of the profit. This has changed, but shows that their costs of selling books was always higher than the thousands of independent booksellers that they muscled out of business with the superstore fad. They failed to exploit their lead in the game business, which is now mainly online. They also failed years ago to play fair with the used book market when they had a chance to make a great deal with a company called abebooks. So guess who finally swooped in to buy abebooks? You guessed it, amazon, which now has a basic monopoly on online used book sales. B & N’s partnership with European giants in barnesandnoble.com also went south with huge losses until they were forced to buy out their Euro partners. 20 years of bad decisions has led to this moment. Is the high dividend just the mechanizim for big shareholders to suck the carcass dry?
Nobody wants to look under the hood of the B & N engine, where you would find that the 8 cylinder engine is down to 4. For instance, in Southern California, they have closed many of their best store locations. Gone is B & N from Pasadena in the Old Town District, gone is B & N from the Encino area of Ventura Blvd. And don’t forget the huge loss they got when they bought B. Dalton books, which operated 798 stores in malls across America. Their mis-management closed all of them, including the big Hollywood Boulevard Store that was called Pickwick Bookshop that B. Dalton had bought. How soon you all forget the decades of bad management, probably over 1,000 stores closed, the thousands of employees laid off, the financial losses to shareholders, the mess with the European media giants in BarnesandNoble.com. The question is really: Was B & N a stock fraud for the last 20 years, or just the worst management ever seen?
Barnes and Noble does a lot of things right. They have great selection. They have a nice clean website. They have a lot going for them with Nook, self-publishing, and many other strategies. They have nice Starbucks cafes, wi-fi, and good locations. So how can they improve and survive? Various articles point out the disaster from bad upper level management. Add to the list the recent dumb idea of in-store beer and wine restaurants.
They can turn some things around by having more in-store celebrity author events, use video marketing on social media, live stream the events from their stores with easy ordering from home couch potatoes, and everything to get folks into the stores where impulse buys will help the bottom line. For the stay at home crowd, they should compete with amazon by selling used, rare and out of print books. They did this at one time, with thousands of great vendors who dropped shipped. The program could be re-started to compete with amazon. It went away due only to bad management at the top level. Amazon has a lot of flaws and weakness in the way they treat their vendors. By being fair, B & N could lure many thousands of them away from amazon and add a huge income stream. Forget the beer, go with the books.
Amazon, which has a monopoly on used book sales in the U.S. and a stranglehold on new book sales, continues to erode sales at Barnes and Noble. Even President Trump has recently commented on amazon’s more than cozy deal with the U.S. Postal Service. What he failed to mention was not only does amazon get special postage rate deals, but it also has the post office delivering mail on Sundays in selected cities. This has got to be a loser for the Post Office, it totally obliterates the economy of scale needed for sustainability. What is interesting is to go way back in the history timeline to the 1950s. The Post Office delivered mail twice a day during the week in Los Angeles, and I assume, most other cities. What happened to that? We always think our civilisation as getting better every year, when the truth is far different. Not only has the Post Office deteriorated, closed thousands of offices, etc., but now they seem to be tied into a losing deal with the amazon monopoly.
Let’s hope tha 2018 will bring some sanity back to the world. It’s just my opinion, but: Amazon is a monopoly and should be broken up. Google should be seized by the U.S. Government and the search engine made a national public utility. Barnes and Noble needs to get its act together, it has opportunities and possibilities, but the prognosis for them is somewhat grim. Happy New Year everyone!
What do you think? Bookseller and Book Lover comments welcome!
Update January 4th, 2018. Barnes & Noble, Inc. (NYSE: BKS) today reported that total holiday sales for the nine-week holiday period ending December 30, 2017 as declining 6.4%. Comparable prior year store sales also declined 6.4% and online sales dropped 4.5%. The stock price tanked to $6.50 per share. A grim picture indeed. The question now becomes can Barnes & Noble survive at all? Is there even any time left for a new management turn-around plan?
by Paul Hunt
I recently talked with JoAnn Kaiser to get an update on the story we ran back in July, 2017 called Conspiracy Dudes, Scary Scientology Greet Thetans, and Murder Above the Bookstore. The good news is that JoAnn is going to keep the book store open for the foreseeable future. She is pulling a lot of great books from Dwain’s storage and so a lot of new arrivals are being put on the shelves. She has been getting help from a few wonderful folks who volunteer to help her. So make a special trip to her shop and support her by buying some great books.
Regarding the young man who murdered Dwain, he was 17 1/2 at the time he committed the crime. Now he is 18 and will be tried as an adult. More good news as far as I am concerned. I don’t wish to seem mean-spirited in any way, and I understand that the Kaiser’s knew the man since he was a toddler. He may have a mental disorder, but my opinion is that booksellers are an endangered species, and woe be it to anyone who disturbs that delicate balance. My best wishes to JoAnn Kaiser and all that she has been through.
Magic Door IV
|William Dailey has had a long and intense relationship with books. Before opening his first bookshop in 1975 with partner Victoria Dailey he worked for legendary Los Angeles bookman Jake Zeitlin where he developed his life-long interest in rare books. Following in Zeitlin’s footsteps he continues to deal in a broad list of subjects including literature, medicine, early printing, typography, bibliography, and alchemy. Bill split with his former wife and partner in 1990 and opened his shop on Melrose as Dailey Rare Books. Over seventy catalogues have been published but business is now conducted primarily by the internet and book fairs. The Melrose retail shop was closed in 2007.|
From Deanne Dailey Hansen via Facebook:
My brother, William Dailey, was a prominent rare book dealer and a leading authority on the subject. He donated a large collection of rare books on vegetarianism circa 1547 to 1970 to the Lilly Library at Indiana University in Bloomington. Last year, he and his girlfriend, Nicole Panter, traveled (via Evansville) to Bloomington where Bill gave a talk on the collection at the Lilly Library. Nicole recorded the talk and it is available on YouTube for those of us who would like to see Bill again!
Billl’s website Is:http://www.daileyrarebooks.com/
Bill’s book store from 1990 through 2007 was: Dailey Rare Books, 8216 Melrose Ave., West Hollywood, CA. 90046
Bill Dailey’s last book talk at the Lilly Library where he donated a large collection of books on vegitarianism.
Saturdays Pacific Time is 10am to Noon. Steve Eisenstein is the host of this great show for all book people.
MY GUEST TODAY IS NO ORDINARY “JOE” His name is Joe Corso. His awards are of olympic proportions. He has written 31 books which resulted in 32 awards. Which translates to a 4 time top 100 best selling author. Want to pick his brain I do, so join us for a great interview Saturday November 25th. For some early details Corsobooks.com
We also will be answering several questions we have received while we were off air the past two weeks. PRIZES WILL BE POSSIBLE TODAY. WE HOPE YOU WILL JOIN US FOR AN
AFTERNOON OF BOOK TALK. got a question or comment give us a call 1 727 498 0459. It is really nice to be back live Saturday’s were not the same without you.
In the second photo we prove our theory. THERE IS NEVER ENOUGH SPACE FOR BOOKS!!
Call in Number: 1 727 498 0459.
Go To www.WDBFRadio.com