Combating the stigma that investigative journalism is dead or dying, the Huffington Post has just launched a new venture to bankroll a group of investigative journalists
to take a look into stories about the nation's economy. "The popular Web site is collaborating with The Atlantic Philanthropies and other donors to launch the Huffington Post Investigative Fund with an initial budget of $1.75 million. That should be enough for 10 staff journalists who will primarily coordinate stories with freelancers, said Arianna Huffington, co-founder and editor-in-chief of The Huffington Post. Work that the journalists produce will be available for any publication or Web site to use at the same time it is posted on The Huffington Post, she said. The Huffington Post Web site is a collection of opinionated blog entries and breaking news. It has seven staff reporters. Huffington said she and the donors were concerned that layoffs at newspapers were hurting investigative journalism at a time the nation's institutions need to be watched closely. She hopes to draw from the ranks of laid-off journalists for the venture."