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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.

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IT'S NOT THAT WE'RE SCREWED WITHOUT TRUMP:

"It's that we're screwed with or without him if we can't show the public that what we do matters for the long term," writes Mother Jones CEO Monika Bauerlein as she kicks off our drive to raise $350,000 in donations from readers by July 17.

This is a big one for us. So, as we ask you to consider supporting our team's journalism, we thought we'd slow down and check in about where Mother Jones is and where we're going after the chaotic last several years. This comparatively slow moment is also an urgent one for Mother Jones: You can read more in "Slow News Is Good News," and if you're able to, please support our team's hard-hitting journalism and help us reach our big $350,000 goal with a donation today.

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