Hey, looks like the Huffington Post is starting to do original investigative reporting.
That's something we badly need. If more of it was happening over the last eight years, we might not be in the financial mess we suffer now.
Jay Rosen is a big deal in the new media/journalism world, and he plays a big role in this effort. here's his take on the announcement:
The Fund will be run by Nick Penniman,
who has been heading up The American News Project. As a senior adviser
to Nick and the Fund, my role will be to give sound advice. I will be a
paid consultant to the fund during the initial phase (April-September,
2009) I won’t have decision-making authority, and I don’t expect my
advice will always be followed, but that’s probably a good
thing. I’m particularly interested in the open source and distributed
reporting possibilities, and in pro-am investigations that combine the
talents of paid professionals with people who know stuff and want the
story to come out.
But I also counseled Nick and Arianna (she will help raise money for
the fund, and find partners for it) that the best approach is to have
no orthodoxy and to support very traditional investigative reporting by
paid pros who are good at it, as well as teams of pros and amateurs,
students working with masters of the craft, crowdsourced investigations, and perhaps other methods. They were already there with an ecumenical approach, combining old and new.