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About Oregon daily emerald. (Eugene, Or.) 1920-2012 | View Entire Issue (July 19, 1990)
Politically correct investing nets less profit for colleges j(!t’S) Colleges tli.it refuse to invest in companies lh.it do business m segre gationist South Afritui or tli.it grow to bacco tend to earn loss monev tli.m those that invest stricllv (or piofit. said Samuel Mueller a protessor.it the 1'iii v ersilv of Akron. In a recent studv Mueller found that ethical investing makes better politic s than profit. He studied the five-veai performaiu e of 10 mutual funds boasting "ethical" pledges not to invest in various liquor, tobacco and gambling slot ks polluters or companies doing business with re pressive regimes. Nine out ol 10 funds generated re turns on investment about 10 percent lower than the average rate for ordinarv funds with comparable investment goals Investing in those funds is not a ill sastei. Mueller said. "hut. on the othei hand, vou won't get rich," None of the funds studied were col funds, (nil Mueller said the results would hi- similiii I rum lttHa, the height of I ' S student pmli'st ol South African apartheid, through ltlit‘1. K7 schools either revised old investment polii les or adopted new ones lo sell oil shares in i ompanies that hud an ei onomit interest in South \ln i a. the investor Responsibility Research t ienler reports More recently. Harvard University and the ( it y University ot \eyy Mirk an nounced in May that they wouldn't in vest then endowment funds m tobacco slinks anymore Massachusetts and Wisconsin university ot I it nils are con sidering banning state divestments in ti that i a still k I don't believe vve have lost any thing or expect to in the future said Ut \Y spokesvvoman Rita Rodin "This study shows that it you want to invest based on your prim iples. you’d better recognize in advance that you're unlikely to outperform the market over the long term Mueller said Self-health lectures held tonight Nl'KAkKRS AM) I I t Tl 'KKS Sell-health lei tun's In W.n n<• \L < at tin \l) ami I AIT ami Patricia Hragg PhD, will ha hi'ld tonight at n ill at Skinner's Butte Park west tit the pl.n ■ ground Another lecture will lie held 2 |i m Sundav I’m more intormatiun (.all Laurie .it t8T> tti In Et als MiscKl.i \.\i-:( )i's \hiss ‘ i hr ! it' i i i ' >, t! 11 {t!. i \ .11 i pm and Stiiidn\ at ‘i and 1 I a m and 7 ill p m al the Wwinan ('mitci 1 Hatl I ant-raid St Deadline for submitting hi <ih> to the Kmcrald trout tie sk l\tl slute 1 lit) IS noon the da\ before puhlit ation I t als run the day ot the e\ eut unless the event hikes pi me heture noon Xotu.es ot events with ,i donation or admission i hnrge will not be at i epted Campus events anti those scheiluleii neatest the puhht alum dale it ill he gw en pruint\ The Knifrald reserves the right to edit not lies for 14laminar and st\ le ICE Continued from Page 1 rnni'il .it uli.it appeared In In1 .i strong movement awav from the county fair's .igrir tiltural heritage I hc Lmr (aiuntv Ice pro|fi t was ti Mil 11 \ approved only on the i onditioit that a n'plai emrilt horse arena be tinlIt to the spe< itu ations ot the equestrian groups being displai ed llie neu equestrian arena is right next to what is now l ane ( ountv h e itarvl \ichols ol the ('ontinent.il Walking Horse Association believes that all ot the had feelings could have been avoided d the idea had been presented in a more positive wav We were |uxt told We were going to have to leave mil building that thev were going to build us a new plait- seemed like all afterthought." \ n hols said II thev told us that lliev were going to build us a new fa i llitv and then dei ided to put an u e link in our old building, that would have been a more friendly situation \tier it was ill over though I thought we were veiv well at i oiiiino dated, lhere’s no question about it. we've got a better fat ildv now haul Hansev ot the Ivugene Hum ( lull said the new building has its good and bad points We adjusted anti got used In it although the dimensions ot the new arena are not exactly the correct ill mens to ns tor some ol our activities.' I lansry said I'he it e link does bring a lot more tratfii ” he said I here s a lot ot t u nous people peeking in the windows of our new building, people who just got finished skating or watt lung a hoi kev game It's good itu publtt i tv " Halils who has bail experieiK.es w ith other plojer Is silt It as this was perhaps the tilth person who reallv knew that the response from the < out iiinnitv was going to be as gootl as it was We are actually operating in the hi, ii k right i u >\\ H.i !i I s said ' I .atm m (In summer we could lose a little income be<ause there is generally less husmess m the skimmer It's kind ot held to tell, because we've nnh been going tin si\ months hut it looks like Well do ()K tool lev wise It is possible tli,it Halils is being somewhat modes! com cluing the profit making sm cess ot the u e i ink hi its lust two months ot business, I .til made $1110.0011 a week, eijiialing what most people thought it would make in a \ ear Studies done w lien the projei t was still in its planning stage made it verv clear there was no wav I.ld could survive loi long without a Western lloikev League Irani liise I he response and support lavished upon the lie arena from the publn have disproved the findings ol the studies 111 some people's opinion, the con stimulate goal ot Lane (anility Ice should be to uttr.u t a W estern 1 lot k ev League professional team Hut the Will e. not a primal v concern loi the LI I directors \ W III team is not our ultimate goal Halils said ,\ lot ot ice time that is designated lot the publn would he taken up bv practue time and games We are more interested in being part ot the Lugene l oinmumtv and serving the publn than attiai ting a pni hot key team I he Will, Is also out ol the pu tille right now simply toi tin,mi nil rea sons Ihe arena would have to he modified to i onto mi to stringent W III league spet dn at ions at ail esti mated i ust ot millions ot dollars We have been talking to a tew Will, i lulls, and there is some inter est m establishing ,1 flam lose here in l ugene he said Right now we are listening to every suggestion hut a Will team is definitely on the but k burnet loi us. getting a teem is at least three or lout years down the load lilt happens at all Musique Gourmet Catering to the Discriminating Collector CRITICALLY ACCLAIMED CLASSICAL MUSICS OPERA ON CD & CASSETTE CD's FROM $5.95 CLASSIC FILMS ON VIDEO LASERDISC |_TAPES FROM $2.95 In the Fifthpearl Building 207 E f)th Avenue 343-9000 OPEN 7 DAYS EMPLOYERS ARE TALKING ABOUT US. ft w Here is what just one business leader had to say about civilian career opportunities for Army alumni: |Military experience provides many benefits (or... graduates that ultimately makes them I worthwhile candidates for industr y. II encourage employers to seriously consider and to employ these young people as we do at Honeywell. Dr. James J. Renier Chairman and Chief Executive Officer Honeywell Today, more than ever before, employers are looking for the skills and personal qualities brought to the mar ketplace by Army-trained individuals. So. let the Army help you put power in your resume. For more information, see your local Army Recruiter today. SSG McCarty, 345-3877 NOW GET A SECOND SET OF STANDARD SIZE PRINTS FREE WITH YOUR ROLL OF 35mm, DISC, 110 OR 126 COLOR FILM LEFT AT THE UO BOOKSTORE FOR DEVELOPING THIS GREAT #OFFER ENDS JULY 20,1990 UO Bookstore 13th & Kincaid M-F 8:30-6:00 346-4331