Word: dominis
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...Domini is a capitalist tool from a different mold. "Making money," says the mutual-fund mogul, "is different from stealing money." Companies that manufacture cigarettes, pollute rivers or sell sweatshop goods are robbing from the public welfare, as she sees it. Capital is the tool Domini uses to knock them over the head...
...Expense Return Return Ratio Calvert World Values Intl. Equity C -5.21 28.82 2.91 Citizens Index -4.59 27.49 1.58 Domini Social Equity -5.80 22.63 .98 IPS Millennium 14.71 118.80 1.40 Neuberger Berman Socially Resp -5.22 7.04 1.10 Parnassus 11.49 47.74 1.10 SOURCE: MORNINGSTAR...
...problem, as we all know, is that cigarettes are killers. Many people avoid the stock on moral grounds, opting for such high-performing angels as Citizens Index Fund or Domini Social Equity Fund. Others shun it because they figure the industry is doomed. Last week lawyers hit Big Tobacco with a price-fixing suit. Next month a Florida jury could find the industry liable for damages of $100 billion or so in a class-action case. (Even if the case survives appeal, though no money will change hands for at least a decade.) It's highly unlikely, but possible, that...
...Arbor Day, it would be hard to think of an event more contrived than the millennium, unless one accepts that history unfolds in tidy hundred- and thousand-year cycles beginning with the birth of Jesus Christ. Or, to be more precise, his briss, which the inventor of the Anno Domini system of reckoning, a Scythian monk named Dennis the Diminutive, calculated--surely errantly--to have taken place on Jan. 1, A.D. 1. At any rate, the history of the past thousand years shows that mass psychology--if not events themselves--tends to behave in predictable ways when multiple zeros loom...
...itself. Concerning the End, Jesus told his followers that "you know neither the day nor the hour." And St. Peter's second Epistle reminds believers that "with the Lord one day is as a thousand years, and a thousand years as one day." Good verses to memorize as Anno Domini 1999 approaches...