RIP: Goldman Partners’ Interest in Public Service

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Felix Salmon got an email from a Goldman Sachs spokesman responding to Matt Taibbi’s lambasting of the company in Rolling Stone. (Taibbi called Goldman “the planet-eating Death Star of political influence” and accused it of engineering “every major market manipulation since the Great Depression.”) After calling Taibbi’s piece “hysterical,” the spokesman, Lucas Van Praag, told Salmon the sad news that “in the wake of the events of the past year or two, Goldman’s partners have pretty much lost their appetite for going into public service.” The horror, the horror! Whatever will we do without their enlightened leadership?

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In "It's Not a Crisis. This Is the New Normal," we explain, as matter-of-factly as we can, what exactly our finances look like, how brutal it is to sustain quality journalism right now, what makes Mother Jones different than most of the news out there, and why support from readers is the only thing that keeps us going. Despite the challenges, we're optimistic we can increase the share of online readers who decide to donate—starting with hitting an ambitious $300,000 goal in just three weeks to make sure we can finish our fiscal year break-even in the coming months.

Please learn more about how Mother Jones works and our 47-year history of doing nonprofit journalism that you don't elsewhere—and help us do it with a donation if you can. We've already cut expenses and hitting our online goal is critical right now.

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