Governor, VBSR and Local First Vermont: Support local retailers, businesses

first_imgThanking the student body at Montpelier Middle School for doing their part to support local businesses this holiday season, Governor Peter Shumlin, small business owners and others today urged Vermonters to support local retailers and employers this holiday season. ‘It’s always important to shop locally and do business with locally-owned companies, but especially critical this year in the wake of Tropical Storm Irene,’ the governor said. ‘Supporting our neighbors, keeping our dollars in our communities and strengthening the state’s economy have never mattered more.’ Andrea Cohen, executive director of Vermont Businesses for Social Responsibility, agreed. ‘It is especially important in light of the recent flooding and devastation from Irene to support each other–businesses helping other businesses and residents, residents helping each other and businesses,’ she said. ‘It is so fantastic to see the young people of Vermont setting an example for all of us by supporting their neighbor businesses now, during the holiday season, and throughout the year.  By buying local you are investing in your community and you are to be commended.’ VBSR has been promoting “Buy Local First” the past two years through the creation of the Local First Vermont Resource Guide and Coupon Book.  The 2011 Book has over 250 coupons for businesses in Chittenden, Addison, and Washington County, and this year is working with Red Barn Fundraising to provide books to school groups for fundraising activity.  Gov. Shumlin and local businesses thanked students at the Montpelier Middle School for selling the buy-local coupon books and supporting community businesses. “The response to the Buy Local First Coupon Book has been tremendous– that is no surprise in a place like Vermont where we all understand that buying local is really about supporting our neighbors and our community,’ Cohen said. ‘We have come a long way in 90 days. In Wilmington and Dover alone, 58 businesses have reopened,’ Gov. Shumlin said. ‘Over the holiday season you can help move Vermont’s recovery forward by continuing to volunteer your time, by encouraging your family to visit Vermont and by re-investing in our local businesses by shopping locally, which will help the State’s recovery and rebuilding efforts.’ The Governor and Cohen said in addition to supporting the local economy and our neighbors’ businesses, local employers give better service and hire locally. Doing business locally is also more environmentally friendly by discouraging sprawl and traffic congestion. And shifting just 10 percent of food purchases to local food would add more than $100 million to Vermont’s economy, while banking locally helps ensure loans to local people and businesses.  Governor’s office. 12.1.2011last_img read more

Short-termism leads to ‘bad politics, bad finance’, Swiss Council of States warns

first_imgOne common goal for everyone, he said, is sustainability in the energy world.“The real challenge has been, and still is in some countries, to decouple economic growth from energy consumption and greenhouse gas emissions,” he said.Lombardi said politicians needed a clear, long-term strategy and to be consistent in the details of their political work and in the details of the laws they passed, as well as in the implementation of the laws they had backed.They also need to work together with other politicians for a common goal.“The worst thing politicians can do is to be so eager to win the next election, or get some results in the opinion polls, that they immediately react to everything,” he said. ”This makes life very difficult for normal people and destroys the market, and when you achieve destruction of the market, you do not have any progress.”Lombardi pointed to the European energy market as an example, where several countries fought with good intentions against nuclear energy, which in the end led to involuntary support of the cheapest energy source without subsidies – coal.“We need jobs, and in Europe we are losing jobs, and with the clean tech challenge comes a possibility to create more jobs and opportunities in the economy,” he said.However, the clean energy challenge could also make European economies less competitive with the rest of the world.He said that question had yet to be solved. Strategies – both in finance and in politics – should by their nature be long term, according to Filippo Lombardi, president of the Council of States in Switzerland.He told the audience at the TBLI conference in Zurich last week that while politics and the financial sector both viewed each other in a bad light, they actually had something in common – short-termism.Lombardi said: “Short-termism is the rule for a bad financial approach and it is the rule for bad politics. Politicians who only [look] to the next election or the next opinion poll and [investors and businesses] that only think of the next quarterly report or tomorrow’s performance at the stock exchange do not try to build on the long term.“This is the mentality we have to change – in the investment world and in politics. And we have to learn from each other, and we have to listen to each other. We must learn to listen to the advice and concerns of people and the experiences from experts who have been studying and researching certain issues.”last_img read more