For the common good, don’t

For the common good, stop now: Those who commit every word of this blog to memory may recall that on May 30th, I pointed to a story (that’s now a dead link) about plans for a new “George-like” magazine called Common Good. “I doubt it can succeed,” was my take then. Well, it’s still my take. Helen O’Donnell has discovered that not only can she not raise the $25 million she thinks in necessary to launch it, she’s having trouble scraping together a measly $10 million. Man, times are tough when you can’t raise $10 million to launch a magazine that will lose money forever.