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
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