Ms. Urban said some of the more lavish practices could not be sustained by a slow-growth, low-margin industry that can’t charge luxury prices. “Books can only support a certain retail price,” she said. “It’s not like you have books that can be Manolo Blahniks and books that can be Cole Haan. Books are books. A book by James Patterson costs the same as a book by some poet.”
Maybe that's why I like books? They're very egalitarian. But anyway, it's better than cutting staff (although they're doing that, too) or not buying books from authors (also doing that to a lesser extent).
Still holding out hope for a good 2009 . . .