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The Hanoi summit is over early and President Trump says no agreement was reached. “There is a gap,” he said, and the gap is that Kim Jong-un wanted all sanctions on North Korea lifted but was not willing to eliminate his nuclear arsenal in return. Trump was very vague about this, saying that Kim was willing to “denuclearize large portions of the areas we wanted”—whatever that means—but this was not enough to justify ending the sanctions. I wouldn’t take this to mean very much. On the contrary, my guess is that Kim wouldn’t agree to reduce his existing nuclear arsenal at all.

“We could have signed an agreement but I didn’t think it would be appropriate,” Trump said—though that sounds like a typical Trump lie. Kim left the summit quickly without doing even a joint press appearance with Trump, and that doesn’t suggest a super amicable walkaway no matter what Trump and Mike Pompeo say.

This abrupt ending to the summit doesn’t speak well for Pompeo’s negotiating team either. Whatever happened in that final negotiating session, it’s obvious that neither side was prepared for it. Normally, if talks break down you have at least a few small objectives in the bag that both sides can agree to in a public ceremony. The fact that this didn’t happen means that either the prep for this meeting produced literally nothing or else that Kim was so unhappy about the sanctions that he stalked out when it became obvious they would continue.

And that’s it. Trump ended the press conference in typical style, blaming his failure on previous presidents who “did nothing, absolutely nothing.” Charming to the end.

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WE'LL BE BLUNT.

We have a considerable $390,000 gap in our online fundraising budget that we have to close by June 30. There is no wiggle room, we've already cut everything we can, and we urgently need more readers to pitch in—especially from this specific blurb you're reading right now.

We'll also be quite transparent and level-headed with you about this.

In "News Never Pays," our fearless CEO, Monika Bauerlein, connects the dots on several concerning media trends that, taken together, expose the fallacy behind the tragic state of journalism right now: That the marketplace will take care of providing the free and independent press citizens in a democracy need, and the Next New Thing to invest millions in will fix the problem. Bottom line: Journalism that serves the people needs the support of the people. That's the Next New Thing.

And it's what MoJo and our community of readers have been doing for 47 years now.

But staying afloat is harder than ever.

In "This Is Not a Crisis. It's The New Normal," we explain, as matter-of-factly as we can, what exactly our finances look like, why this moment is particularly urgent, and how we can best communicate that without screaming OMG PLEASE HELP over and over. We also touch on our history and how our nonprofit model makes Mother Jones different than most of the news out there: Letting us go deep, focus on underreported beats, and bring unique perspectives to the day's news.

You're here for reporting like that, not fundraising, but one cannot exist without the other, and it's vitally important that we hit our intimidating $390,000 number in online donations by June 30.

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