(Cross-posted from Jim’s personal blog.)
A couple weeks ago I quipped that I was thankful for the TSA, because they are always good fodder for a blog post when things were otherwise slow. Well, likewise, I’m glad that the big multinational banks are around to put my own mistakes in some perspective:
A billion here, a billion there
JPMORGAN, widely considered the best run of all the large banks in America, if not the world, on May 10th provided the kind of news that has become all too common in the financial industry: a $2 billion charge for errant trades. The markets responded within seconds of the opening on May 11th, sending Morgan's share price down 9%, and its value by $14 billion. Late on May 11th, Standard & Poor's announced it was downgrading the outlook for the company, and Fitch knocked down its ratings.
* * *
The bluntest criticism of Morgan's failure came from the bank's own chief executive, Jamie Dimon. He said the losses were the result of self-inflicted "sloppiness", "poor judgment" and "stupidity", for which "we are accountable".
And the news this morning is that a number of the executives involved in the losses have ‘retired’. No, not in the Blade Runner sense. But in the sense that they’ll not be drawing a salary of more than a million bucks a month. Though I imagine that these people have more than a bit of savings and contractual retirement income to cushion the blow.
Anyway.
Yesterday’s Kindle promotion for Communion of Dreams wasn’t a huge mistake, but it also wasn’t a stunning success. A total of 1,571 copies of the book were downloaded. Chances are it wasn’t what was needed to kick us up to the next orbital level, but neither did it crash & burn.
What *was* surprising was that our care-giving memoir Her Final Year proved to be very successful, with a total of 3,112 downloads. Wow.
I find it hard to explain just how happy this makes me. As I had noted previously, I was very disappointed with the response to Her Final Year. Only recently have I come to understand that it was about more than just simple sales.
See, I have been very pleased with the response to Communion of Dreams. The sales are nice, and the income helps. The reviews and ratings are rewarding. But what really makes me happy is that the book has found an audience, a home in people’s lives, a place in their imaginations.
That Her Final Year hadn’t found such a home was what bugged me. Because I have a lot of faith in the book. Faith that it can help others, if they would just read the damned thing. But that faith had been betrayed by my inability to get any attention for the book. Or, rather, I felt like I had betrayed my faith – and the book – by my inability to promote it.
Now, just because 3,112 people downloaded the book yesterday that doesn’t mean that the book will be read. But it sure as hell is a lot more likely that it’ll be read than just having the thing sit forgotten on Amazon’s servers. We’ll just have to see.
But no longer do I feel like I have betrayed the promise of the book. That gives me a happiness, and a hope, which I haven’t felt for a long time.
Thanks, everyone.
Jim Downey
