Word: terrorized
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...start of the Summer Olympics, a creeping sense of unease pervades Beijing. The March riots in Tibet and the rough passage of the Olympic torch through some foreign cities has intensified official concern that the Games will bring trouble to the Chinese capital. In response, authorities have issued terror warnings, canceled public events and subjected foreigners to a higher level of scrutiny. Even as Beijing dashes to complete preparations to welcome the world in August, the city suddenly feels less welcoming...
...stranded merchants mill around helplessly. Many hold passports from a list of 33 countries, mostly from South Asia and the Middle East, whose citizens are now barred from applying for any entry permit to China in Hong Kong-a sign, perhaps, of China's concern about a potential Muslim terror threat. Mohammed Salim, a Karachi-based trader who makes his living selling fake watches from China, says consular authorities in Pakistan instructed him to obtain his Chinese visa in Hong Kong. But after arriving he was told he would only get a visa for the mainland if he returned...
...proposed legislation comes at a tough time for investors because with the dollar sagging, experts recommend a slug of foreign stocks and bonds for a diversified portfolio. Critics, including some U.S. fund managers, claim that terror-free investing will mean missed opportunities. And forced divestment could have tax and transaction costs that could depress a fund's performance. According to a study by the Center for Retirement Research at Boston College, if some of the Iran-divestment bills currently before state legislatures "are passed in their broadest form, institutions may be forced to sell $18 billion in investments." Tennessee...
Proponents insist the performance of terror-free funds will not be a problem. New York City comptroller Bill Thompson, who oversees pension funds totaling $110 billion, says there is "strong interest" in establishing a terror-free pension option for the city's municipal workforce. He says according to the portfolio studies, the performance of terror-free funds will be as good as or better than alternatives. "Whenever you remove companies from the mix, there will be an impact," says Stephen Schoenfeld, Northern Trust's chief investment officer. "But when you use a very broad index like the FTSE/CSAG and remove...
Considering that "socially responsible" and "green" funds have prospered in recent years by avoiding companies that sell tobacco or pollute, the surprise since 9/11 is that more money has not flowed into terror-free investing. Advocates argue it is a nonviolent way for Americans to confront terrorism and maybe even profit from the fight...