Friday, July 3, 2009
BioFuels and Energy | Main Street Economics | Media | Politics and Government
07/03/2009

Jack Corn/Rural Archive Appalachian deep coal miners headed to work.

We can either have democracy in this country or we can have great wealth concentrated in the hands of a few, but we can't have both. — Louis D. Brandeis (1856-1941), U.S. Supreme Court Justice, Louisville, KY

The democracy thing?  It isn’t working. Here, our democracy is being held hostage by our capitalism. — Nina McCoy, high school teacher, Martin County, KY

The national broadcast media rarely grapples with the interplay of concentrated wealth and power and the functioning of democracy when it attempts to explain the widespread, stubborn poverty in rural Central Appalachia. 

The recent ABC 20/20 program The Hidden America—Children of the Mountains which followed for two years four children growing up in poverty in Eastern Kentucky, drew 11 million viewers. According to ABC “thousands offered to get involved and make a difference.”  This wasn’t the first network spotlight on Appalachia’s children to evoke a strong reaction. Charles Kuralt’s Christmas in Appalachia, which aired in December 1964 and focused on eastern Kentucky, lit up the CBS switchboard with offers of help.  

Health | Politics and Government
06/30/2009
Broadband and Tech | Politics and Government
07/01/2009
Main Street Economics
07/02/2009

Daily Yonder The Daily Yonder began its rural stock index two years ago. The Yonder 40 group of rural stocks is besting both the Dow and the S&P. Click the chart to get a bigger view.

Two years ago today we began tracking the rural economy through the companies that do much of their business in small towns. We picked 40 publicly-traded companies that reflected different sectors of the rural economy. We called this group the Yonder 40 and then tracked the progress of these stocks compared to broad measures, such as the Dow Industrials and the Standard and Poor’s 500.

The last two years have been miserable for the stock market, but the companies doing business in rural America are doing better than the rest.

The Yonder 40 stock index has lost 27% of its value since July 1, 2007.

The Dow Industrials — 30 of the nation’s largest corporations — have lost 37%. And the S&P 500 — a broader index of large companies — has lost 39%. The only common index that comes close to the Yonder 40’s performance has been the NASDAQ listing of smaller firms. The NADAQ has lost 29.5% in the last two years