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STEVENS GUILTY….Ted Stevens, whose defense against corruption charges was that he was just “borrowing” stuff from campaign donors, lost his case today:

Alaska Sen. Ted Stevens was convicted today of lying on financial disclosure forms to hide tens of thousands of dollars in gifts and renovations to his Alaska home that were financed mostly by a powerful business executive and his oil services company.

….Despite the guilty verdict, Stevens remains on the ballot in Alaska, where he is locked in a tight race with Anchorage Mayor Mark Begich.

If he can pull off an upset victory, Stevens could remain in the Senate for months, if not longer, if he chose to appeal the verdict. Tradition allows him to exhaust his appeals before the ethics committee begins expulsion hearings, according to the Historical Office of the Senate.

A reader asks, “If Stevens is re-elected and the US Senate then kicks him out, can Palin then name herself to replace him?” I assume the answer is no, and I further assume that even if the answer is yes Palin wouldn’t have the chutzpah to do it. But of course, those are my big city values talking, so I might be off base here.

In any case, I assume that Stevens is now considerably more likely to lose his seat next week, thus making this point moot. Any Alaskans care to weigh in on how this is going to play up in the Great White North Last Frontier?

UPDATE: False alarm. Sorry. After Frank Murkowski appointed his daughter Lisa to an open Senate seat in 2002, Alaskans approved a ballot initiative to change the law. An open Senate seat in Alaska is now filled via a special election.

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WE CAME UP SHORT.

We just wrapped up a shorter-than-normal, urgent-as-ever fundraising drive and we came up about $45,000 short of our $300,000 goal.

That means we're going to have upwards of $350,000, maybe more, to raise in online donations between now and June 30, when our fiscal year ends and we have to get to break-even. And even though there's zero cushion to miss the mark, we won't be all that in your face about our fundraising again until June.

So we urgently need this specific ask, what you're reading right now, to start bringing in more donations than it ever has. The reality, for these next few months and next few years, is that we have to start finding ways to grow our online supporter base in a big way—and we're optimistic we can keep making real headway by being real with you about this.

Because the bottom line: Corporations and powerful people with deep pockets will never sustain the type of journalism Mother Jones exists to do. The only investors who won’t let independent, investigative journalism down are the people who actually care about its future—you.

And we hope you might consider pitching in before moving on to whatever it is you're about to do next. We really need to see if we'll be able to raise more with this real estate on a daily basis than we have been, so we're hoping to see a promising start.

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