10 Reasons for Financial Optimism (If You Invest Locally)

10 Reasons for Financial Optimism (If You Invest Locally)

Even though these are tough times for tens of millions of Americans, there’s reason for hope. That’s the message of my new book from Chelsea Green, Local Dollars, Local Sense: How to Shift Your Money from Wall Street to Main Street and Achieve Real Prosperity, which showcases dozens of ways individuals, businesses and communities are [...]

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Local Dollars, Local Sense

Americans’ long-term savings in stocks, bonds, mutual funds, pension funds, and life insurance funds total about $30 trillion. But not even 1 percent of these savings touch local small business—even though roughly half the jobs and the output in the private economy come from them. So, how can people increasingly concerned with the poor returns [...]

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Coming Soon

The first Community Resilience Guide — Local Dollars, Local Sense — will be published in early March 2012. This summer, two other guides will also be published. These are: Growing local food security. Local food has been one of the hottest sustainability topics in recent years, and there’s been no shortage of books about it. [...]

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Buying Local Yields More Jobs, Stronger Communities

By Michael Shuman and Jeff Milchen [Excerpt]: According to the National Retail Federation, Americans will spend an average of about $700 per person on holiday season shopping this year and, despite the hype surrounding Black Friday, the busiest shopping week immediately precedes Christmas. But rather than enduring long lines and sparse service at chain stores, [...]

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Don’t Occupy Wall Street, Ditch It!

Don’t Occupy Wall Street, Ditch It!

I personally support the spirit of Occupy Wall Street, especially the spotlight it has cast on the shocking level of inequality in our country. But the movement oddly conveys a very mainstream message that Wall Street can and should be fixed. Just clean up our existing financial institutions – make them more accountable, honest, transparent [...]

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How Bambi Beat Godzilla: A response to James Surowiecki

The mainstream’s view about small business is nicely encapsulated in the 1960s cult classic, “Bambi Meets Godzilla.”   In 90 mesmerizing seconds Tokyo’s all-star quickly dispatches the cute Disney character with a single, pulverizing stomp. Similarly, the conventional wisdom suggests that small businesses, while cute and pleasing for communities, don’t stand a chance against rigors of global [...]

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Small Thinking About Small Business: A Rebuttal to Jared Bernstein

In his 1974 opinion in Geduldig vs. Aeillo, Supreme Court Justice William Rehnquist asserted that discrimination on the basis of pregnancy was not tantamount to discrimination on the basis of sex. His classic sentence expressing this tortured logic was: “Pregnancy is of course confined to women, but it is in other ways significantly different from the typical [...]

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