In this episode: The new media revolution has arrived in Richmond, or at least it's on its way. From podcasts to video news to award-winning web journalism, we've got it all. Plus, we'll review recent updates about our approach to economic development, some upcoming events, and this episode's featured weblog. Read more below for links from this episode. Enjoy!
Links from stories in this week's show:
- The band Lift, and their podcast (iTunes Store link)
- Pal-Item article: P-I's website helped woman recognize robber
- Intro to Sustainability Podcast
- Kicks96 Video News
- Pal-item article: High hopes follow Dinkle
- Pal-Item article: Past actions yield payoffs
- Event: Food for Fare Day
- Event: Old Fashioned Christmas Festival
- Event: 2nd Annual Indiana Energy Conference
- Featured Blogger: Paul Retherford
What did you think about this episode of RNR? You can post your comments below, e-mail us, or call (765) 997-1727 and leave us a voicemail. We appreciate your feedback!
I'm intrigued by your economics theory. Are you suggesting that Richmond can isolate itself from economic influences? What makes a vibrant community? Indeed, retail sales--or the availability of retail--cannot be discounted. Seems like you've oversimplified the picture. I'd be interested to hear what you think civic leaders should do differently.
Comment by Jim — Sunday December 3, 2006 @ 11:23 pmThanks for listening, Jim.
I don't think it's a matter of total isolation, or even a new form of economics necessarily. I'll use an example I heard given by author of "Going Local", Michael Shuman about how a community could show its trust and faith in its local business: think about all of the dollars that are spent every year on retirement plans, 401Ks, IRAs, money markets, etc. by citizens in that community. Tradition holds that when I sign up for a retirement plan, all of those dollars are being invested in companies that are outside of my local community. What if we instead decided to say "let's invest our dollars locally!" I still get some reasonable return on investment for my retirement, and the local companies who are participating get this huge infusion of cashflow that was going outside of our community previously.
It's not a new kind of economy (I still have a retirement plan, the companies still have to make a return on it), it's just a new way of thinking about it. That particular example might have its own complications and I agree with you that it's easy to oversimplify, but the point is that if we think "outside the box" about things, we may discover that we don't have to be as reliant on the rise and fall of the rest of the world as we think we are.
Chris
Comment by Chris — Monday December 4, 2006 @ 9:19 am[...] Yesterday’s #12 is worth the trip. Chris is the only local source keeping honesty as a valued component of discussions about local economic development. This week he questions the Pal-Item’s pie-eyed approach to local development plans. [...]
Pingback by Kemplog » Blog Archive » Richmond News Review #12 — Monday December 4, 2006 @ 5:31 pm