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...pension fund, and cannot cause real change. This conclusion is backed up by empirical studies. An August study from the Center for Retirement Research at Boston College surveyed the academic literature and found that such “social investing” has no effect on the stock prices of targeted companies...

Author: By Daniel P. Robinson | Title: Forget About Divestment | 12/17/2007 | See Source »

...example, North Sea cod is one of the many stocks under heavy pressure from overfishing. Yet because ICES noted a slight rise in the number of young cod in the North Sea, ministers are expected to actually raise the quota. "The end result of higher cod quotas will be a total failure of the management of this species," said WWF's Carol Phua. "Scientists have recently announced a slight improvement of the cod stock, because of the growing number of young cod. But full recovery of the stock needs time and it is not by allowing fishermen to take more...

Author: /time Magazine | Title: The EU Fishes for Sustainable Seas | 12/17/2007 | See Source »

...days later Indian Hotels, which owns the luxury Taj hotel chain and is itself a branch of the Tata empire, was told its overtures to New York Stock Exchange-listed luxury hotel and cruise firm Orient-Express were unwelcome - and potentially damaging. Indian Hotels recently upped its stake in Orient-Express to 11.5%. But Orient-Express CEO Paul White, in a letter to Indian Hotels Vice-Chairman R. K. Krishna Kumar, wrote that "any association of our luxury brands and properties with your brands and properties would result in a reduction of our brands and of our business and would...

Author: /time Magazine | Title: Is India Bad for Jaguar? | 12/14/2007 | See Source »

...fishermen to take as much as they can, while supplies last. Some 20 years after New Zealand started its orange roughy industry in the 1970s (the name orange roughy was dreamed up to better market the slimehead fish, which was initially tossed overboard as trash fish), the ocean's stock of roughy was 75% depleted. Over the years, this "tragedy of the global commons" has resulted in the serial depletion of one species after another...

Author: /time Magazine | Title: Laying Waste to the Deep Sea | 12/13/2007 | See Source »

...either baseless or simply an inescapable part of doing business in Thailand. They also associate Thaksin with more prosperous times; the junta's shaky grasp of economics - growth has slowed and an ill-conceived currency-control measure in December 2006 led to the biggest one-day loss in the stock market's history - makes it easy to get nostalgic. "The economy was good then," insists taxi driver Narongsak Iamsamorn, 39, who hasn't decided who to vote for this time round. "But now Vietnam is laughing at us. Even a schoolchild can tell you how bad our economy...

Author: /time Magazine | Title: A Vote for Nostalgia | 12/13/2007 | See Source »

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