I’m in the air on the way to the AmeriCatalyst concerence in Austin on mortgages and securitization, where I am speaking on two panels, the keynote (!) and the final one on litigation. Adam Levitin is also on the second panel, and I was looking forward to having his help in fighting the defenders of the “nothing to see here, move right along” school of thought, but he is now one of the moderators. So I have to go it alone. Wish me luck.
We were just short of meeting the the third target (nice ex-post facto honoraria to our loyal guest bloggers) when I left NYC, and we’ve met it now, so thanks for your great response! As of 4:30 PM EST, 300 of you of our goal of 750 have generously contributed.
We are now on our way to meeting our next target, which is a purely selfish one: I want a real vacation! The last sorta vacation from the blog was in the summer of 2008, when I went to Alaska and there was no Internet for part of the trip. You probably remember my gnashing of teeth and rending of garments this past August/September when I was in Maine and the Internet ranged from sucky to non-existent, necessitating near daily 20 minute each way drives to the nearest Starbucks. Longer standing readers may recall past Internet woes when on semi holiday trips (for instance, drafting Chapter 8 of ECONNED and still blogging while on the Danube).
Now I could simply follow the suggestion of reader Earl Crockett:
I wish to propose the founding of an “Yves Smith Well Being and Restoration Fund” so you can jet off to the Caribbean Island of your choice on every Tuesday and Wednesday when nothing of substance ever happens anymore [this was during the heat of the crisis, when the cliffhangers took all weekend].
However, I have something more specific in mind, so bear with me as I go through the logic.
On the 2008 break, I had arranged for guest bloggers, and even though I liked them, some of them appealed to specific tastes and some NC readers were decidedly Not Happy. And since they were doing it out of an interest in NC and a desire to help, they did not have the same degree of obligation as the sort of guest blogging gigs I’ve taken up (one for Felix Salmon when he was at Portfolio, more recently for Glenn Greenwald at Salon). A formal vacation fill-in gig is more demanding of the guest blogger, since he does not have they luxury of submitting copy only when he feels inspired. He is obligated to find something to write about every day, and for readers that have different aesthetics and interests than his regular one.
Since we now have guest bloggers that may of you like, and I’m sure we’ll have some new writers submitting posts over the next few months, some of whom may also become regulars, I would arrange for 2-3 of them to take up the obligation of submitting regular posts, with another person responsible for Links (which if Ed Harrison continues to be a sport, might be an amalgam of his Links + a selection of reader submissions + stuff he found on his own) and possible cross/video postings. This would be a formal duty and therefore paid. I’d need full time coverage for a two week holiday around Memorial Day, and heavy but less than full time coverage for my usual two weeks in Maine (there is no nightlife there, so connectivity willing, I’d be submitting 1-2 posts a day).
I estimate at the current going rate of $100 a post that this will run $11,000. So that is our next target! And as of 4:30 PM EST, we are already have $2000 towards that goal. Thanks SO much for your generous support!