With sales figures on the rise around the world, it seems that print books are making a comeback. As well as being the start of Big Garden Birdwatch in the UK and a week that includes Australia Day and National Croissant Day in the US, January 26 – February 2 is National Storytelling Week. Now in its 19th year, the annual festival of the story will see a range of events up and down the country, celebrating writers and readers and the tales that connect them. Of course, central to all stories is the book, which appears to be going through another transition. After years of having their sales steadily eroded by digital formats, the print book is back on the rise, with sales across a number of European and international markets increasing. Click read more below for additional detail.
United States Postmaster General Louis DeJoy announced today that the United States Postal Service (USPS) has reached an agreement in principle with the United States Department of the Treasury on the terms and conditions associated with $10 billion lending authority provided in the CARES Act. The USPS Board of Governors unanimously approved the agreement in principle yesterday and expects that the parties will formally memorialize the agreement through loan documents that will be jointly developed over the coming weeks.
DeJoy expressed his appreciation to U.S. Treasury Secretary Steven Mnuchin for working with him to reach mutually acceptable terms and conditions. DeJoy said, “Access to an additional $10 billion in borrowing authority will delay the approaching liquidity crisis.” DeJoy added, “the Postal Service, however, remains on an unsustainable path and we will continue to focus on improving operational efficiency and pursuing other reforms in order to put the Postal Service on a trajectory for long-term financial stability.”