3 November 11 | Chad W. Post

Earlier in the week things weren’t looking so good for St. Mark’s. They’ve been asking Cooper Union for a $5,000/month break in their rent (which is currently $22,500/month), but Cooper Union was using their own financial difficulties to explain why such a decrease was impossible.

Well, apparently they’ve split the difference, and according to this New York Times article, for the next year, the rent will be “only” $17,500/month and Cooper Union will forgive $7,000 of debt owed them.

The school will also provide student help with revising the store’s business plan. [. . .]

In the past year, the bookstore’s owners have reduced their staff through layoffs and have cut their own salaries in half, but it was not enough to offset losses from the poor economy and the rise in sales of electronic books. Mr. Contant said August was the store’s worst month in memory.

But since then, as the store owners went public with their losses, the neighborhood rallied in response. A group called the Cooper Square Committee started a petition to save the store, attracting 40,000 signatures. Business picked up by about 25 percent in September and October, Mr. McCoy said, leading him and Mr. Contant to believe they could continue with a smaller reduction in rent.

The owners have no plans to rehire staff. The store’s finances remain fragile, especially as the current sales levels recede, Mr. Contant said.


Comments are disabled for this article.
....
Faces in the Crowd
Faces in the Crowd by Valeria Luiselli
Reviewed by Valerie Miles

At 30, the Mexican writer Valeria Luiselli is already gathering her rosebuds. Faces in the Crowd, her poised debut novel, was published by Coffee House Press, along with her Brodsky-infused essay collection, Sidewalks. The essays stand as a theoretical map. . .

Read More >

Fantomas Versus the Multinational Vampires: An Attainable Utopia
Fantomas Versus the Multinational Vampires: An Attainable Utopia by Julio Cortázar
Reviewed by Cameron Rowe

Fantomas Versus the Multinational Vampires: An Attainable Utopia (narrated by Julio Cortázar) is, not disappointingly, as wild a book as its title suggests. It is a half-novella half-graphic novel story about . . . what, exactly? A European tribunal, Latin. . .

Read More >

Self-Portrait in Green
Self-Portrait in Green by Marie NDiaye
Reviewed by Lori Feathers

Marie NDiaye has created a tiny, psychological masterpiece with her Self-Portrait in Green. In it she explores how our private fears and insecurities can distort what we believe to be real and can cause us to sabotage our intimate relationships.. . .

Read More >

The Madmen of Benghazi
The Madmen of Benghazi by Gerard de Villiers
Reviewed by P. T. Smith

Reading a genre book—whether fantasy, science fiction, crime, thriller, etc.—which begins to seem excessively, stereotypically bad, I have to make sure to ask myself: is this parodying the flaws of the genre? Usually, this questioning takes its time coming. In. . .

Read More >

The Four Corners of Palermo
The Four Corners of Palermo by Giuseppe Di Piazza
Reviewed by Patience Haggin

The Sicilian Mafia has always been a rich subject for sensational crime fiction. The Godfather, Goodfellas, and The Sopranos worked the mob’s bloody corpses and family feuds to both entertainment and artistic value. Giuseppe di Piazza’s debut novel attempts this,. . .

Read More >

Writers
Writers by Antoine Volodine
Reviewed by P. T. Smith

Antoine Volodine’s vast project (40 plus novels) of what he calls the post-exotic remains mostly untranslated, so for many of us, understanding it remains touched with mystery, whispers from those “who know,” and guesswork. That’s not to say that, were. . .

Read More >

My Brilliant Friend
My Brilliant Friend by Elena Ferrante
Reviewed by Acacia O'Connor

It hasn’t quite neared the pitch of the waiting-in-line-at-midnight Harry Potter days, but in small bookstores and reading circles of New York City, an aura has attended the novelist Elena Ferrante and her works. One part curiosity (Who is she?),. . .

Read More >

Stealth
Stealth by Sonallah Ibrahim
Reviewed by Christopher Iacono

From the late 1940s to the early 1950s, Egypt was going through a period of transition. The country’s people were growing unhappy with the corruption of power in the government, which had been under British rule for decades. The Egyptians’. . .

Read More >

Miruna, a Tale
Miruna, a Tale by Bogdan Suceavă
Reviewed by Alta Ifland

Miruna is a novella written in the voice of an adult who remembers the summer he (then, seven) and his sister, Miruna (then, six) spent in the Evil Vale with their grandfather (sometimes referred to as “Grandfather,” other times as. . .

Read More >

Kamal Jann
Kamal Jann by Dominique Eddé
Reviewed by Lori Feathers

Kamal Jann by the Lebanese born author Dominique Eddé is a tale of familial and political intrigue, a murky stew of byzantine alliances, betrayals, and hostilities. It is a well-told story of revenge and, what’s more, a serious novel that. . .

Read More >

The next few events from our Translation Events Calendar: See More Events >