State of the Union? How About the State of Children's Publishing?...

I hope you all got a change to watch history in the making today. Alas, I was at a meeting during the inauguration, but I'm planning to watch it later in the day with Murray (who will have his Air Force One made of Legos in tow).

In between inauguration TV coverage, online news and Twitter updates, you can read Harold Underdown's rundown of what's happened in children's publishing over the last few months as well as his take on how the current recession will affect those working in the children's book industry.