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Banking on the Locals

Season 6 | 4m 13s

Host David Brancaccio travels to North Dakota to see how Bremer Bank, a for-profit bank with over a hundred branches in the region, has built and banked local prosperity while some other banks were imploding or collecting hand-outs. Ninety-two percent of the bank is owned by Bremer's own charity - which in turn gives the profits back to the community as grants.

Extras
Economist David Korten says power is moving from Wall St. to Main St, which is ok by him.
A community in Washington state pulls together to grow local jobs, using local resources.
Economist Jane D'Arista says retirement funds can be invested locally, avoiding Wall St.
Worker-owned cooperatives - with lofty goals - are on the rise and scaling up.
In time banking people swap services in a cashless system - which lowers taxes as well.
Four women start a catering co-op; part of a national movement to and train co-op groups.
US Editor of The Economist says fix captialism by ending obesession with stock values.
A man creates a stunning tiny office that improves his work life and his bottom line.
Where are the jobs of the future going to come from? Watch this animation to find out.
Do we need to rethink how we measure well-being? Find out why it may be a good idea.