September Not So Cruel a Month After All

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Remember that business from yesterday about banking crises starting in September? Forget it. Apparently if you follow the right link, and then download and unzip the companion data file, it turns out that 22 out of 25 of the September crises were from 2008. So the whole thing is a ridiculous nothingburger. Thanks to Joshua Hedlund for figuring this out, and a big raspberry to Luc Laeven and Fabián Valencia for getting us all worked up about this.

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WE'LL BE BLUNT

We need to start raising significantly more in donations from our online community of readers, especially from those who read Mother Jones regularly but have never decided to pitch in because you figured others always will. We also need long-time and new donors, everyone, to keep showing up for us.

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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