Michael Phelps’ million-dollar bonus for making Olympic history is chump change compared with the hundreds of millions he is expected to rake in over the course of his career. What does swimming have to do with credit cards? Visa is prepared to spend millions to convince you the answer is “a lot.”

Reuters:

WAIT BEFORE YOU GO...

This year, the ground feels uncertain — facts are buried and those in power are working to keep them hidden. Now more than ever, independent journalism must go beneath the surface.

At Truthdig, we don’t just report what's happening — we investigate how and why. We follow the threads others leave behind and uncover the forces shaping our future.

Your tax-deductible donation fuels journalism that asks harder questions and digs where others won’t.

Don’t settle for surface-level coverage.

Unearth what matters. Help dig deeper.

Donate now.

SUPPORT TRUTHDIG