Glenn Greenwald Departs Guardian for new Omidyar Venture

Photo of Pierre Omidyar from his staff profile at Honolulu Civil Beat,  where his slogan is "Be you. Be cool. Be civil."  The project emphasizes "investigative and watchdog journalism, in-depth enterprise reporting, analysis and commentary that gives readers a broad view on issues of importance to the community."

This post was first published on 10/15/13 11:50 PM.  I'll be updating, as I get further information. 

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So, Warren Buffet buys the Roanoke Times and Jeff Bezos buys the Washington Post.  And now enter another billionaire E-Bay founder Pierre Omidyar's new as yet unnamed venture, for which Glenn Greenwald will head up political reporting.

The Washington Post's Paul Farhi (twitter)--who reported on the Bezos sale October 1--writes that   a "person familiar with the venture" says it has also sought to hire Laura Poitras and Jeremy Scahill.  (Neither could be reached for comment as of the updated version of the story at 10:21 PM.

Unlike Bezos and Buffet--who seem to me to be angel investors with an emphasis on investment-- Omidyar's history is more philanthropic regarding journalism, especially with  initiatives that foster government transparency.

People look to government institutions to work on their behalf and provide oversight on matters that significantly impact their quality of life. Government fulfills this role most effectively when its activities are open and transparent to citizens. With visibility into government actions and spending, people are more likely to participate in the political process and hold government officials accountable for their actions. When citizens engage in the issues that affect them, they can help to ensure that power and public funds are used wisely and are representative of their interests...

We believe greater transparency will also result in more effective investigative journalism, which holds political leaders and systems to a higher standard. More accountability will ensure appropriate influence and integrity in the political process, and bolster the effectiveness of representative government as a force for improving people’s lives.

Omidyar's  portfolio includes Global Integrity, Global Voices, Project on Government Oversite (POGO) and the Sunlight Foundation.   (Omidyar also funded Newstrust in 2010, back when I worked there. Founder Fabrice Florin left the online social news network in January 2012 for the Wikimedia foundation and announced in June of that year that he had turned the effort  over to Poynter.)

 I had thought that Omidyar's emphasis on philanthropy was significant.  Even foundations that expect impact find "impact investing" problematic. Take for instance, Kevin Starr, who directs the Mulago Foundation and the Rainer Arnhold Fellows Program. In Stanford Social Innovation Review, he writes that 95% of the foundation's porfolio is philanthropy because "few solutions that meet the fundamental needs of the poor will get you your money back... and "overcoming market failure requires subsidy."

A businessman in Africa told me that Coca-Cola lost money there for 12 years. In other words, it required over a decade for one of the most competent companies on Earth to break even on the sale of a mildly addictive sugary drink that is absurdly cheap to make. Imagine what it takes when you’re focused on impact. Microcredit, the iconic impact investment of the last decade, required more than $100 million in subsidies before it became a profitable business—and the impact has been disappointing at best.

It would seem that the same might be true of journalism projects in the public interest. Maybe it's unrealistic to believe that traditional journalism can yield great returns on investment when the ever-increasing competition comes from those who have no concern for quality or informing the public.  Even those sites which fund journalism rely more and more on getting free content. Florin-- who had worked at Apple--may have grown frustrated that Newstrust (unlike Craigslist, twitter, facebook, Wikipedia, et al.) was no killer app.  Newstrust was an aggregator that attempted to promote quality, not just popularity.  It did no costly investigative reporting.

After Greenwald issued a statement by himself and the Guardian's Jennifer Lindauerat,  Ben Smith at Buzzfeed reported at 4:15 PM that George Soros, through his spokesman, had denied being Greenwald's deep pockets.  The Buzzfeed story made second place on Memeorandum, right behind the shutdown coverage.  The story was number one on the related size mediagazer.  The discussion included Greenwald, VentureBeat, Slate, Talking Points Memo, The Atlantic Wire, The Wrap, Boing Boing, USA Today, Erik Wemple, @ggreenwald, CNET, Politico, @blam, @dylanbyers, @niemanlab, The Verge, @rosental, @fishbowlny, @erikwemple, Business Insider, @megan, @hamishmckenzie, @hunterw, @jackofkent, @brianstelter, The New York Observer, @rafat, @arusbridger, Gawker, FishbowlNY, Mediaite, @davewiner, @fishbowlla, @raniakhalek, @michaelroston, New York Times, @pkafka, @jeffjarvis, GigaOM, Hit & Run, BBC, New York Magazine, The Huffington Post, Guardian, @stefanjbecket, Hillicon Valley, The Raw Story, Daily Dot, mUmBRELLA, Online NewsHour, WebProNews and Talking New Media.

Reuter's Mark Hosenball may have been the first one to report the Omidyar connection at 7:06 PM.  Listed as a related story by mediagazer, the discussion included Farhi's story, as well as Mediaite, GigaOM and @qhardy.

While Soros has also launched transparency intiatives, I see him as more involved in activism and Omidyar as more involved in journalism.  In any case, I look forward to Omidyar's latest project.

Who Profits from Fear?

The Political Compass and U.S. Presidential Politics: Was tagging old entries this evening and looking up current versions of sites I had liked. This is an update from Political Compass. I had taken the test in 2006 and landed near the center, a bit left libertarian, the quadrant for Nelson Mandela and Gandhi , or Mozart, all of whom I regard as fine and admirable company. As the authors explain,

If we recognise that this is essentially an economic line it's fine, as far as it goes. We can show, for example, Stalin, Mao Tse Tung and Pol Pot, with their commitment to a totally controlled economy, on the hard left. Socialists like Mahatma Gandhi and Robert Mugabe would occupy a less extreme leftist position. Margaret Thatcher would be well over to the right, but further right still would be someone like that ultimate free marketeer, General Pinochet.

the social dimension is also important in politics. That's the one that the mere left-right scale doesn't adequately address. So we've added one, ranging in positions from extreme authoritarian to extreme libertarian.

Just to show the state of American politics, I'm left of any of the presidential candidates except Kucinich and Gravel, neither of whom would be my choice for this office. The skewing brings to my mind that quote about the American eagle needing both left and right wings to fly. Mario Savio attributes it to Jessee Jackson. Or there's the Pat Paulsen version:

Assuming either the Left Wing or the Right Wing gained control of the country, it would probably fly around in circles.

In looking at particular candidates, I'm interested how tight a cluster there is for the Democratic Party candidates (again, other than Kucinich and Gravel.) And that Edwards and Clinton are the most libertarian. Also that Ron Paul, who considers himself the libertarian falls above the dividing line. Contrast his placement with that of a conservative libertarian, Milton Friedman, on this chart:
An aside about Paulsen: according to his memorial he came in second in the 1996 New Hampshire Presidential Primary (makes me wonder how Colbert would have done if SC Dems had let him on the ticket.) And although I did not find the context for the above quotation, I found a site which includes his political editorials, as well as a now dead link I've revived thanks to the Internet Archive to Paulsen's quite serious answers to the 1996 Presidential Primary Natioinal Political Awareness Test from Project Vote Smart.

Since it's 9-11, I'll provide some content devoted to terror: How's this for Keystone Kops? NYC will deter nuclear attack with concentric circles of Geiger counters according to the New York Times today in "Suburban Police Enlisted to Help Protect the City" by Corey Kilgannon. Don't you feel safer now?

The counters didn't work so well in the latest dirty bomb scare. According to "MTA didn't tell us of dirty bomb scare: officers," by Alison Gendar in the NY Daily News on September 10, one officer who works at the Verrazano Bridge complained,

They'll give us two weeks of training for how to collect tolls, making sure we charge a three-axle truck more than a two-axle, but no field training on what a bomb might look like, how to stop cars or use this radiation detector.

Meanwhile, besides Geiger counters, LA is spending its homeland security money on robots and portable media hubs, according to Richard Winton in the September 9 LA Times.

I guess it all comes down to fear being a great motivator for letting loose the purse strings.

And speaking of fear: John Judis (email) had an interesting piece in the the New Republic August 17 explaining why West Virginia supported Bush. In "How Political Psychology Explains Bush's Ghastly Success. Death Grip" (referred to here), he writes about research since the early 1980s by Sheldon Solomon, Jeff Greenberg, and Tom Pyszczynski (interview, article, research), who developed "terror management theory."

Their experiments showed that the mere thought of one's mortality can trigger a range of emotions--from disdain for other races, religions, and nations, to a preference for charismatic over pragmatic leaders, to a heightened attraction to traditional mores.

It seems that this tendency could be counteracted, if folks were asked to think as rationally as possible. (Not something the current administration espouses.)

On the poetry front: again, with regard to 9-11, Tillie wrote me to say he'd mentioned my poem, "Windows on the World" on his blog entry today.

Other mention on the net:

• Coal: a poetry anthology and my poem in particular, got mentioned in this online review by West Virginia storyteller Susanna Holstein.

My journalism on Memeorandum: Just found out that my August 22, 2007 post at WV Blue, "Suit by West Virginia Protesters Reveals Bush Tactics," got a link from Memeorandum.com. The topic is the 2002 Bush advance manual for handling dissent. For those of you who haven't seen Memeorandum, it aggregates political news around memes.