Children in Need invests in Arms, Tobacco & Alcohol.

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Xamonas Chegwé
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Children in Need invests in Arms, Tobacco & Alcohol.

Post by Xamonas Chegwé » Tue Dec 10, 2013 12:26 am

http://www.bbc.co.uk/news/uk-25273024

Helping the child victims of war by investing in the firms that manufacture the weapons of war... Hmmm...

Surely there are "ethical" investment funds out there? Or, better put, less controversial ones?

The most telling thing is that CiN has now changed its accounting policy - not to prevent such things happening in future - but to prevent them being discovered! Oh dear. This is not going to end well for them, methinks... :nono:
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Re: Children in Need invests in Arms, Tobacco & Alcohol.

Post by piscator » Tue Dec 10, 2013 3:09 am

No sense in working yourself out of a sweet gig...

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Re: Children in Need invests in Arms, Tobacco & Alcohol.

Post by JimC » Tue Dec 10, 2013 3:31 am

Teachers in Need should invest in gin distilleries world wide...

Ethical enough for me...
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Re: Children in Need invests in Arms, Tobacco & Alcohol.

Post by Audley Strange » Tue Dec 10, 2013 5:53 am

Xamonas Chegwé wrote:http://www.bbc.co.uk/news/uk-25273024

Helping the child victims of war by investing in the firms that manufacture the weapons of war... Hmmm...

Surely there are "ethical" investment funds out there? Or, better put, less controversial ones?

The most telling thing is that CiN has now changed its accounting policy - not to prevent such things happening in future - but to prevent them being discovered! Oh dear. This is not going to end well for them, methinks... :nono:
The first rule of charity benefits is that they must sustain themselves, the charity they are attempting to benefit always seems secondary to that. It's always seemed to me like something patronising at parochial to be preached to about the worlds ills by multi-millionaires in an attempt at a credibility kick. (Not a dig at all the fine people in the entertainments who give lots of time and effort to funding and supporting charities without them being the centre of attention.)

Eventually it becomes a gravy train. The benefit money is then divvied up to a gang of usual culprits that have to rely on that cash to sustain themselves too. Operation costs go up, actual benefit money goes down. Still it's not going to stop as long as fill up an entire evenings schedule with stars pretty cheaply and makes everyone feel pretty good about themselves for a bit, but how long do you fling money at social problems rather than realise that's not actually solving the fundamental problems. Like, for example, how about not liberating children of disfavoured regimes from their limbs in the first place.
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Re: Children in Need invests in Arms, Tobacco & Alcohol.

Post by HomerJay » Tue Dec 10, 2013 11:15 pm

Watching it now but CiN seem to be in the clear, it's all about comic relief.

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Re: Children in Need invests in Arms, Tobacco & Alcohol.

Post by PsychoSerenity » Wed Dec 11, 2013 12:17 am

:nono: Disappointing, and the fact that they're not coming clean but further covering it up, even more so.

If you're holding tens of millions in investments then you can easily afford ethical management of the funds. The return might not be quite so big but as long as it's above inflation then you're not losing out - it's peoples donations, not for profit. The least they could do is make sure they're not actively making things worse.
[Disclaimer - if this is comes across like I think I know what I'm talking about, I want to make it clear that I don't. I'm just trying to get my thoughts down]

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Xamonas Chegwé
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Re: Children in Need invests in Arms, Tobacco & Alcohol.

Post by Xamonas Chegwé » Wed Dec 11, 2013 1:36 am

HomerJay wrote:Watching it now but CiN seem to be in the clear, it's all about comic relief.
Same shit. It's all Lenny Henry to me! :hehe:
A book is a version of the world. If you do not like it, ignore it; or offer your own version in return.
Salman Rushdie
You talk to God, you're religious. God talks to you, you're psychotic.
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Who needs a meaning anyway, I'd settle anyday for a very fine view.
Sandy Denny
This is the wrong forum for bluffing :nono:
Paco
Yes, yes. But first I need to show you this venomous fish!
Calilasseia
I think we should do whatever Pawiz wants.
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