Despite Naked Capitalism’s image of unvarnished candor, sometimes we seem to be too subtle for our own good.
Lambert instituted Water Cooler as a way to help alleviate the news overload I deal with daily in doing Links, to provide a more real-time venue for posting various statistical releases and breaking finance news stories, as well as following important social justice stories less central-to-mission than finance, like electoral politics, civil resistance, and the environment. At the end of each post, he has a modest request for tips.
Apparently not enough of you have taken note, so we are launching a mini-fundraiser. Lambert is seeking $2500 so that he can continue to devote time to Water Cooler.
I suspect many of you have no idea how indispensable Lambert is to the operation of this site. He carries a large portion of the administrative load, doing admin work on the site, keeping our tech people and intern in the loop, and taking late night or early morning tech calls from me. He also sends me a boatload of links and tweets that helps inform my posting. I pay him a large amount out of the annual fundraiser, but as his workload keeps growing, I trust readers recognize that as an exceptionally lean and resource-constrained operation, we depend on reader contributions to keep providing you with the quality and frequency of information and analysis that you have come to expect.
As Matt Stoller wrote,
The truth is, you can get lies for free. Wall Street is only too happy to buy advertising, to make sure you hear from their well-credentialled experts. If you are not paying for your media, though, then they are. And you aren’t the customer, you are the product being sold. While this arrangement works, what it means is that you’ll get lies for free. And this is a very expensive proposition.
The Financial Times recently reported that Americans are feeling more confident about their incomes and are spending more on dining out. So I ask you to contribute what you’d normally spend on a meal out to Lambert’s fundraiser. Consider this to be the best possible use of your widely-touted cheap oil savings.
And thanks again for your interest in and support of our work!
Click the hat for Lambert’s fundraiser page.