Buy Local, Bye-Bye Walmart

December 2, 2011 / Mitch Ditkoff /

When the residents of Saranac Lake, NY were faced with having a Super Wal-Mart put in, some 600 residents came together to open their own department store, selling shares in the new venture for $100 and raising $600,000. CBS News business and economics correspondent Rebecca Jarvis reports.

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