Bitcoin, Stock Market Are Both Tumbling

Things that make you go “hmmm”:

I can’t say that these things are necessarily related. Presumably bitcoin is crashing because it was a Ponzi scheme all along and the air finally went out of it. The stock market isn’t crashing, but it is tumbling and I have no idea why. Neither does anyone else, no matter what they tell you. But it’s down even though corporate earnings are solid; a generous tax cut is on its way; and the rest of the world is doing pretty well. It may be true that the crazy growth of January wasn’t really justified, but the market has given back way more than that. Why? Trade worries? Random panic? Fear of Trump finally hitting everyone? Beats me.

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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