It costs to Discover


Discover Card customers and shareholders are discovering what their money is helping to finance — and many of them aren’t pleased. The VILLAGE VOICE reports that an environmental group is leading a boycott of the Discover Card, whose parent company, Morgan Stanley Dean Witter, is helping to sponsor the construction of China’s Three Gorges Dam. According to activists, the dam — scheduled for completion in 2009 — is one of the most socially and ecologically destructive projects in history.

The boycott, led by the International Rivers Network, marks a shift in environmentalist strategy, as protestors have changed their focus from attacking the builders of exploitative third-world industries to pressuring their Western financers. The strategy is proving effective. A Morgan Stanley-shareholder campaign demanding that the company make only socially responsible investments has been gaining steam, as have similar movements within other major investment firms.

NOW IS NO TIME TO QUIT

It's been a tough several weeks for those who care about the truth: Congress, the FBI, and the judiciary are seemingly more concerned with providing cover for a foregone conclusion than with uncovering facts.

But we also saw something incredibly powerful: that truth-tellers don't quit, and that speaking up is contagious. I hope you'll read why, even now, we believe the truth will prevail—and why we aren't giving up on our goal of raising $30,000 in new monthly donations this fall, even though there's a long way to go to get there. Please help close the gap with a tax-deductible donation today.