This is Naked Capitalism fundraising week. 626 donors have already invested in our efforts to shed light on the dark and seamy corners of finance. Join us and participate via our Tip Jar, which shows how to give via credit card, debit card, PayPal, or check. Read about why we’re doing this fundraiser, what we’ve accomplished in the last year, and our current target.
Thanks to your prompt and generous responses, we’ve met our first three targets: funding for more site improvements, particularly for the user experience; travel/conference expenses and coverage, and ex-post-facto payments to site writers like Lambert and Dave Dayen. And we are more than half way towards our goal of 1000 contributors for this fundraiser.
We are on our way to meeting our fourth target, which is selfish but also necessary: vacation and partial weekend coverage. Some of you probably remember the gnashing of teeth and rending of garments that take place in the past when I would try taking vacations but still kept the blog going. One painful incident was summer 2011, when I was in Maine and the Internet ranged from sucky to non-existent (coastal Maine ex Portland is pretty much one big cell phone dead zone, so if your DSL/cable connection goes down, you are stuck). That necessitated near daily 40 minute round-trip 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 in Germany in 2009).
I desperately needed a more of a break than I got last year; readers may recall I was sick for nearly three weeks last winter. And we had to raid the vacation and travel budget to cover for CalPERS litigation expenses and extra tech costs, including the creation of our private equity limited partnership document trove site. That meant less vacation coverage than was ideal; I had to work most days during a supposed short holiday break in San Francisco and my regular end of summer Maine vacation.
So the breaks are absolutely essential R&R if I am to have the energy to keep up with the daunting task of covering a target-rich environment ranging from dubious practices to outright looting, and debunking clever schemes.
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 inevitably took all weekend].
Your contributions in the last three years allowed me to take holiday as well as every other weekend coverage to Lambert and Dave Dayen (long-standing readers may recall Matt Stoller also performed this invaluable role for us in the past). Since other Serious Blogs pay guest bloggers for coverage in specified time slots (for instance, I was paid when I covered for Felix Salmon when he was at Portfolio in 2007 and in 2011, for Glenn Greenwald at Salon), if we want to keep the caliber of the blog up to your standards when I get some badly needed downtime, it doesn’t come for free. And another benefit of having talented writers on the NC beat is that they are backup in case of disasters (they were prepared to step in if I had lost power during Sandy, for instance).
There are multiple ways to give. The first is here on the blog, the Tip Jar, which takes you to PayPal. There you can use a debit card, a credit card or a PayPal account (the charge will be in the name of Aurora Advisors).
You can also send a check (or multiple post dated checks, if you want to spread out payments) in the name of Aurora Advisors Incorporated to
Aurora Advisors Incorporated
903 Park Avenue, 8th Floor
New York, NY 10075
Please also send an e-mail to firstname.lastname@example.org with the headline “Check is in the mail” (and just the $ en route in the message) so we can count your contribution in the total number of donations.
Our vacation coverage plus every other weekend coverage target is $18,000, and we are already over $300 towards that goal. Thanks SO much for your generous support!