skip to main content
skip to newscasts

Sunday, April 28, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

test

view newscast page
play newscast audioPlay

Speaker Johnson accuses demonstrating students of getting support from Hamas. TikTok says it'll challenge the ban. And the Supreme Court dives into the gray area between abortion and pregnancy healthcare, and into former President Trump's broad immunity claims.

view newscast page
play newscast audioPlay

More rural working-age people are dying young compared to their urban counterparts, the internet was a lifesaver for rural students during the pandemic but the connection has been broken for many, and conservationists believe a new rule governing public lands will protect them for future generations.

Despite New Stock Market High, More are Investing Locally

play audio
Play

Wednesday, May 8, 2013   

ST. PAUL, Minn. - It's been a good start to the year on Wall Street, but that isn't stopping some investors from moving away from global capital markets to put funding into local enterprises, where there's a positive social impact along with a return.

John Bloom, senior director of organizational culture with RSF Social Finance, said he has seen a record number of clients diversify away from global capital markets to invest in local companies working in such areas as food, education and ecological stewardship. According to Bloom, investors are taking things personally.

"What we've seen," Bloom said, "is people saying, 'This doesn't work for me anymore. I want to know where my money is working. I'd like to be able to align my money with the values that I hold dear. I want to know that it's having impact in a world that I feel really good about.' "

Another proponent of keeping investments close to home is Judy Wicks, co-founder of the Business Alliance for Local Living Economies. Wicks pulled all of her money out of the stock market about 15 years ago and focused on her city's reinvestment fund - which, she noted, came along with a guaranteed rate of return.

"And on top of that, I know exactly what my money is doing," she said. "It's building wind turbines and charter schools and local food enterprises, here in my own community. So, I think that people are starting to wise up and invest locally because when you invest locally, you get what I call 'a living return."

The goal, Bloom said, is to transform the way the world works with money, lending, investing and giving.

Meanwhile, the Dow Jones average set a new record on Tuesday at 15,056, its first-ever close above 15,000. The Standard & Poor's 500 index finished at 1,625, also a record close.


get more stories like this via email

more stories
The United Nations experts also expressed concern over a Chemours application to expand PFAS production in North Carolina. (Adobe Stock)

play sound

United Nations experts are raising concerns about chemical giants DuPont and Chemours, saying they've violated human rights in North Carolina…


Social Issues

play sound

The long-delayed Farm Bill could benefit Virginia farmers by renewing funding for climate-smart investments, but it's been held up for months in …

Environment

play sound

Conservation groups say the Hawaiian Islands are on the leading edge of the fight to preserve endangered birds, since climate change and habitat loss …


Jane Kleeb is director and founder of Bold Alliance, an umbrella organization of Bold Nebraska, which was instrumental in stopping the Keystone Pipeline. Kleeb is also one of two 2023 Climate Breakthrough Awardees. (Bold Alliance)

Environment

play sound

CO2 pipelines are on the increase in the United States, and like all pipelines, they come with risks. Preparing for those risks is a major focus of …

Environment

play sound

April has been "Invasive Plant Pest and Disease Awareness Month," but the pests don't know that. The U.S. Department of Agriculture says it's the …

Legislation to curtail the union membership rights of about 50,000 public school educators in Lousiana has the backing of some business and national conservative groups. (wavebreak3/Adobe Stock)

Social Issues

play sound

Leaders of a teachers' union in Louisiana are voicing concerns about a package of bills they say would have the effect of dissolving labor unions in t…

Health and Wellness

play sound

The 2024 Arizona Alzheimer's Consortium Public Conference kicks off Saturday, where industry experts and researchers will share the latest scientific …

Environment

play sound

Environmental groups say more should be done to protect people's health from what they call toxic, radioactive sludge. A court granted a temporary …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021