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Ukraine receives much-needed U.S. aid, though it s just getting started. Protesting college students are up in arms about pro-Israel stances. And, end-of-life care advocates stand up for minors' gender-affirming care in Montana.

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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

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Thursday, May 9, 2013   

PHOENIX - 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 their money into local enterprises where there's a positive social effect along with a return.

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

"What we've seen 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.'"

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

Another proponent of keeping investments close to home is Judy Wicks, co-founder of the Business Alliance for Local Living Economies, or BALLE. 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 declared. "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.'"

Meantime, the Dow Jones closed this week for the first time above 15,000, while the Standard & Poor's 500 closed Wednesday at 1632, also a record.






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