November 6, 2009

Quote of the Day

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From Securities and Exchange Commission enforcement chief Robert Khuzami, describing the way that Galleon Group’s Zvi Goffer tried to keep his insider trading a secret:

If you find yourself chewing the memory card in your cellphone to destroy any record of your misconduct, something has gone terribly wrong with your character.

Roger that.  As an added bonus, the linked article also interviews “an eavesdropping-detection specialist” who says he’s turned down three separate firms recently who were all desperate to know if the government was bugging them.  Hooray for Wall Street!

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A full one-third of our annual fundraising comes in this month alone. That’s risky, because a strong December means our newsroom is on the beat and reporting at full strength—but a weak one means budget cuts and hard choices ahead.

The December 31 deadline is closing in fast. To reach our $400,000 goal, we need readers who’ve never given before to join the ranks of MoJo donors. And we need our steadfast supporters to give again—any amount today.

Managing an independent, nonprofit newsroom is staggeringly hard. There’s no cushion in our budget—no backup revenue, no corporate safety net. We can’t afford to fall short, and we can’t rely on corporations or deep-pocketed interests to fund the fierce, investigative journalism Mother Jones exists to do.

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