The English major's tale: what jobs are out there for those who study Flaubert and Dostoevsky—especially in a recession? A new generation of literary wannabes in New York are taking matters into their own hands by creating their own online journal and a literary salon modeled after the 1920s Lost Generation. The monthly journal, called The New Inquiry, is focused on their generation’s cultural criticism—and will be equally concerned with Theodor Adorno and Britney Spears. The founders, three idealistic Web-savvy friends, and the 26-year-old editor, Rachel Rosenfelt, had no trouble finding contributors among their overeducated and underemployed friends. They meet once a month at an unmarked bookstore on New York’s Upper East Side.