Amazon owns 41 percent of all book sales and 67 percent of all e-book sales mainly because it offers lower prices. But the e-commerce company came under fire in late 2014 when Amazon and the publishing house Hachette faced off over who should set the price for e-books. The debate raises questions about Amazon's growing place in the market, the changing role of publishers and the value of books in our society.
Originally published on Wed January 21, 2015 8:56 am
Facing a Republican-controlled Congress in his sixth State of the Union speech, President Obama took credit Tuesday for an improving economy and focused on proposals aimed at advancing the middle class.
After years of recession and war, Obama claimed "the shadow of crisis has passed." In its place, he asserted, is a future marked by "a growing economy, shrinking deficits, bustling industry, and booming energy production."