Who can be bothered with details?


In 2002, AOL Time Warner, Inc. obtained AT&T Corporation’s stake in their cable television, film production, and programming partnership in exchange for it.

About five years ago, Enron and their partners stole it from California’s electricity and gas customers.

Duke Energy recently agreed to acquire Cinergy for its value in stocks.

Harrah’s bought Caesar’s for it.

Because of Bush’s tax cut, in 2001, the federal government took it from Social Security in order to pay the government’s bills.

It is more than four times the annual revenue of Ghana, 80% of the annual revenue of Nigeria, 20% of the annual revenue of Poland, and more than half the annual revenue of Iraq.

It is $9 billion, exactly the amount that is still unaccounted for in the reconstruction of Iraq because of what the U.S. Inspector General has labeled “severe inefficiencies and poor management.”

Once again, the business-minded, management-oriented “reformers” in the White House proved to us that their idea of management is one that is pretty much on par with Bush’s idea of scholarship when he was studying for his Harvard MBA.

The mystery of the missing $9 billion is just one more item the news media found too boring to cover. But while that money was building someone a really nice house in Baghdad, Bush was cutting veterans’ benefits, and Rumsfeld was lying about the Pentagon’s having requisitioned safer vehicles for the troops.

But hey–it’s no big deal. It’s just a lot of stolen money and dead soldiers. God bless America.

DOES IT FEEL LIKE POLITICS IS AT A BREAKING POINT?

Headshot of Editor in Chief of Mother Jones, Clara Jeffery

It sure feels that way to me, and here at Mother Jones, we’ve been thinking a lot about what journalism needs to do differently, and how we can have the biggest impact.

We kept coming back to one word: corruption. Democracy and the rule of law being undermined by those with wealth and power for their own gain. So we're launching an ambitious Mother Jones Corruption Project to do deep, time-intensive reporting on systemic corruption, and asking the MoJo community to help crowdfund it.

We aim to hire, build a team, and give them the time and space needed to understand how we got here and how we might get out. We want to dig into the forces and decisions that have allowed massive conflicts of interest, influence peddling, and win-at-all-costs politics to flourish.

It's unlike anything we've done, and we have seed funding to get started, but we're looking to raise $500,000 from readers by July when we'll be making key budgeting decisions—and the more resources we have by then, the deeper we can dig. If our plan sounds good to you, please help kickstart it with a tax-deductible donation today.

Thanks for reading—whether or not you can pitch in today, or ever, I'm glad you're with us.

Signed by Clara Jeffery

Clara Jeffery, Editor-in-Chief

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