Word: assets
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Abramoff knew the game. In a 2001 e-mail to a lawyer for tribal leader Lovelin Poncho, he crows about an upcoming meeting at the White House that he had arranged for Poncho and says it should be a priceless asset in his client's upcoming re-election campaign as chief of Louisiana's Coushatta Indians. "By all means mention [in the tribal newsletter] that the Chief is being asked to confer with the President and is coming to Washington for this purpose in May," Abramoff writes. "We'll definitely have a photo from the opportunity, which...
...debt to buy this gold for the weddings," says Kondababu. "Sometimes families get broken up by gold." Economists argue that the gold bug has other pernicious effects. If the money used to buy gold was invested in banks or stocks, rather than being locked up in a non-productive asset, it would boost India's GDP significantly, they say. But old ways of thinking die hard. Gold is seen by many as a safe haven in an uncertain world. "So many banks fail and close their doors, and ordinary people get hurt when that happens," says Jhansi Rani, a schoolteacher...
...covered by Entertainment Tonight, Extra and The Insider, TV shows that do not generally report on internecine bloodshed in sub-Saharan Africa when it is not connected to the woman who hooked up with her married co-star in Mr. & Mrs. Smith. Jolie's notoriety is now a charitable asset. If you could place a dollar value on a broken marriage, Jennifer Aniston could claim a monster tax deduction...
...companies earned an average 11.99% return. Regular large-cap funds managed 12.60%. While that's still a disparity, it's not huge, and to many, it's a small price to pay to make the world better. "SRI funds have gotten a bad rap," says Tim Smith of Walden Asset Management, a financial consulting firm that specializes in SRIs. "Over the long term, you really don't pay a conscience penalty to invest in what you believe...
Making a difference and profiting from the experience have never been more popular. According to Morningstar, the amount of money invested in SRIs has grown 321%, from $9.5 billion in 2000 to $40 billion today. That growth rate easily outpaces the 21% asset growth for all stock, bond and hybrid mutual funds. Why are investors suddenly willing to put so much money where their morals are? Solid returns are key, says Walden. "When clients know they're going to get a strong return, they're much more willing to have their portfolio synch with their politics...