This is Naked Capitalism fundraising week! Please support our efforts to shed light on the dark and seamy corners of finance. For details on how to participate, please see our kickoff post.
Thanks to our loyal Saturday morning readers! We’ve already gotten just shy of 100 donations in the first six hours (out of our fundraiser target of 750 donors), and blew past our first target, which was $4700 to provide for upgraded tech support, which will provide for faster loading times, better ability to handle traffic spikes on big news days (as in fewer/shorter outages) and faster resolution of other site issues.
Our second goal is $10,000 for travel, and as of 1:00 PM, we already have over $1700 towards that target. Note that we get lots of invites to conferences, and right now we are awfully picky about which ones we go to, not just for travel cost reasons, but also because it may result in fewer posts (the usual problem of only so many hours in the day) and so can have an ad revenue impact as well. As you may know, even going to Washington DC on a day trip and having a few meetings (as in cabbing around a bit) is close to a $500 item. And next year, INET (the Institute for New Economic Thinking) will be having its session in Berlin. Last year, we had the opportunity to ask Larry Summers a question and see him evade it, so I’m sure we’d learn something, or if not, at least cause trouble. In many cases, the benefit of going to a conference isn’t just attending the sessions, but getting to meet people we may know by e-mail or reputation.
In addition, we have some people whose travel expenses we’d like to fund. For instance, a regular contributor, Andrew Dittmer (who was tremendous help on ECONNED and has also done a lot of behind the scenes work) is working on one of the Occupy Wall Street committees (the same one we are on), which is an offshoot of the alternative banking effort that we are provisionally calling Occupy Big Finance. He lives in Boston, and wants to come to New York periodically to participate in the sessions in person, as he is later today. We’d like to defray some of his travel expenses.
So those of you who have contributed already, thanks again for your generous support, and we look forward to those NC fans who have just found out about the fundraiser to help make the site more successful.