Media

Palast Investigative Fund Needs Your Immediate Help

In over eight years, the Jackson Progressive has never asked for contributions, nor has it ever earned a dime from the Amazon ads on the sidebar. I fund it out of my own pocket, and consider it my contribution to the public conversation.

Greg Palast, whose book appears in the sidebar, is, in my opinion, one of the most important independent journalists in the world. More than any other single reporter, Palast has uncovered and reported the massive criminality and fraud of the Bush administration and its oil-besotted, election-stealing, kleptocratic underwriters, co-conspirators, enablers, abettors, and sycophants. The documented facts set out in Palast's book Armed Madhouse, by themselves, would, in a just world, lead to at least three impeachments--beginning with George W. Bush--and hundreds of indictments.

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I was therefore upset when I learned that the Palast Investigative Fund is out of money. His organization is being forced to lay off people and shut down vital projects, at least temporarily.

So I'm asking, no, begging, you to give money.

Immediately.

Palast's work is simply too important to the life of our republic to let it fail. The fund is tax-exempt under Section 510(c)(3) of the Internal Revenue Code. I gave money and will probably be giving more.

Click here to make a donation. Add three cents to your donation (i.e., $100.03) so they can identify this site as the referrer.

Tom Lowe, Editor, Publisher, Blogger

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Coulter

Elizabeth Edwards, according to an article in the NY Times, asked Ann Coulter to stop the personal attacks upon her husband, presidential candidate John Edwards. Coulter had previously made the remark, among others, that she wished he had been killed in a terrorist assassination plot.

Coulter's response to Ms. Edwards revealed more than she probably intended:

Coulter responded with a laugh and charged that Edwards was calling on her to stop speaking altogether.

In other words, all she has to offer is hate-filled venom. Take that away and she would have nothing left to say. A scary prospect.

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Sulzberger Family Refuses to Relinquish Control of NYT

According to the NY Times, class A shareholders of the newspaper--including some large institutional investors--who elect 30 percent of the board want the Sulzberger family, owners of non-traded class B shares to give up some of their control over the newspaper.

A Difficult Annual Times Meeting for Sulzbergers

It's hard to have much sympathy for the class A shareholders, however, since they bought their stock in the full knowledge that the Sulzbergers would be controlling the paper for the foreseeable future.

Considering the seemingly inexorable process of consolidation of the news media and the simultaneous dumbing down of the contents, it is hard not to conclude that the only way the press can fulfill its function as contemplated by the founding fathers is when it is owned privately. Only a private owner has the power to risk financial losses for actions grounded on principle that would otherwise be swiftly punished by shareholders. In the market economy, quality is a cost, not a benefit. A rational actor seeking to maximize returns on investment is looking for the sweet spot where marginal cost and marginal revenue intersect, which means that he will reduce quality (defined in the broadest sense) until such time as the savings are outweighed by a loss of revenue. If those curves intersect at a low quality, that's fine, because return is maximized. Gannett is a perfect example of this process.

Which is not to say that the New York Times is a sterling example of private ownership. The newspaper has time and time again betrayed the nation and its readers by printing shameless propaganda (as when Judith Miller became a mouthpiece for the Bush administration in favor of invading Iraq) or in suppressing vital news at the behest of the government, as when the newspaper waited a year before it revealed that the NSA was listening in on U. S. citizens in criminal violation of the Foreign Intelligence Surveillance Act of 1978.

In our own city, the Hederman family, former owners of the Clarion-Ledger, published a racist and reactionary newspaper that did incalculable damage to our state and its citizens for generations.

On the other hand, editors, publishers and owners have often risen to great challenges, fighting dangerous and unpopular battles against the rich and powerful, to the benefit of the entire nation. The Watergate scandal is only the most illustrious example of many truly heroic acts by American newsmen undertaken simply because it was what they were supposed to be doing. If you want to see what a newspaper can do, read the Autobiography of Lincoln Steffens, one of the original muckrakers around the turn of the 20th Century.

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