The May issue of The Writer has an insider's guide to flash fiction by Mary Miller, along with a short list of info on seven flash fiction markets: Elimae, Hobart, Juked, Quick Fiction, Smoke Long, Subtropics, and Wigleaf. No payment info offered, but if you're a flasher, check out the web sites for more details.
Our blogpal Simon Haynes got a double mention in this issue as well; Scott Rhoades listed his yWriter and Sonar freeware in his article Great Software that Won't Cost You a Dime.
Poets & Writers magazine May/June issue has a big splashy article on author Jay McInerney and his well-publicized woes and trimuphs, but I liked the indepth article about author Joe Meno and how he survived what was supposed to be the end of his writing career. He did it by selling a novel his former major publisher and twenty others had passed on to an indie upstart publisher. What's interesting about Joe's story is that he's a literary writer, but was considered washed up after his first two novels sold fewer than 3K copies each. I've heard of that happening with four or five books, and once in a while with three, but given only two shots? Given the amount of competition, especially in the lit end of the biz, and the fact that very few books earn out anyway, I think that's unrealistic.
I'm just curious -- how many chances (as in published books) do you guys think a writer should be given to turn a profit for a publisher?