Investments Forecast Winners/Losers
Defense Spending Bush wants to increase military spending. Although he'd buy more high-tech weaponry and hike military pay, President Bush won't be in a hurry to dispatch American troops overseas for "peacekeeping" operations. But if Saddam Hussein threatens the Arabian Peninsula, the rockets will be flying over Baghdad.
Domini
Green Century
Pax
Arms Manufacture Although Bush didn't make a big thing of it during the election, he backs Second Amendment protections for firearms ownership, and would certainly be friendly to loosening restrictions on gun sales.
Domini
Green Century
Pax
Tobacco Bush is not as likely as Vice President Gore would have been to regulate or restrict cigarette manufacture and distribution. He will likely resist class action suits that aim to extract huge settlements from tobacco companies for health claims.
Bridgeway Fund
Calvert Group
Dreyfus Third Century
Families, Family Planning, Choice, and Gay Rights Bush supports a constitutional amendment that would permit abortions only when rape, incest, or a mother's survival is at stake. However, many pundits think he's only trying to placate the religious right, and won't actually do anything more than make speeches and rail against the immorality of killing babies. Still, under President Bush, a ban of RU-486 is more likely, even though the president's executive powers don't reach inside the nation's health organizations. He also supports a ban on partial-birth abortions and opposes same-sex marriages.
Timothy Fund
Shepherd Values Fund
Internet and High Tech These companies form the bedrock of the broad socially-responsible funds holdings because they don't pollute (not much, anyway) and they treat their employees pretty well. And as the high-tech sector has soared and then dived recently, so, too, have SRIs. That may change under President Bush. Although he isn't especially averse to new-wave companies, he isn't exactly hot on them, either.
Domini
Green Century
Pax
Energy, Environment Bush is an ex-oilman from an oil-producing state. He's also the son of an oilman ex-president. And his Vice President, Dick Cheney, formerly ran Halliburton, a big energy company. Bush wants the U.S. to develop stronger oil and gas capacity, and become more self-sufficient as an energy producer. He supports an Alaskan pipeline.
Domini
Green Century
Pax
Conclusion: If you seek a strong return from your SRI, and your views are malleable, sell your Domini and Pax shares short, but pile into the Timothy Fund and Shepherd Funds posthaste.
Text by Robert Nylen
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