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'Socially Responsible' Fund Drops Starbucks (No longer politically correct)
WFTV ^ | 3/24/05

Posted on 03/24/2005 9:48:09 AM PST by KidGlock

'Socially Responsible' Fund Drops Starbucks

Pax World Funds Sold Starbucks Shares Worth $23.4 Million

POSTED: 9:36 am EST March 24, 2005 UPDATED: 9:57 am EST March 24, 2005

SEATTLE -- Starbucks is no longer considered socially responsible by a mutual fund company for ethical investors.

Pax World Funds is disappointed that the coffee chain has taken up with Jim Beam.

Their distribution agreement for a coffee-based liqueur has led Pax to divest itself of 375,000 shares of Starbucks worth more than $23 million.

Pax had liked Starbucks' record on the environment, and the way it treats employees. But the fund family said it has to follow its standards to avoid companies in the liquor business.

Pax said it steers clear of companies involved in defense or weapons, tobacco, liquor or gambling.

Starbucks said it was disappointed in the decision. It said the Starbucks liqueur is aimed at adult buyers in bars and restaurants and is not sold in its coffee shops.


TOPICS: News/Current Events
KEYWORDS: alcohol; mutualfunds; starbucks

1 posted on 03/24/2005 9:48:09 AM PST by KidGlock
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To: KidGlock
Pax said it steers clear of companies involved in defense or weapons, tobacco, liquor or gambling.

I wonder how much fun they have at their "holiday" parties. Probably filled with quite a bit of pot smoking and enough hookers to make Pat O'Brien happy.

2 posted on 03/24/2005 9:50:47 AM PST by Sthitch
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To: KidGlock
http://www.freerepublic.com/focus/f-news/1369310/posts
3 posted on 03/24/2005 9:50:53 AM PST by SmithL (Proud Submariner)
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To: KidGlock
Americans=Decadent Puritans
4 posted on 03/24/2005 9:51:12 AM PST by zarf
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To: KidGlock
Sounds like a good reason to go to Starbuck's today.
5 posted on 03/24/2005 9:51:33 AM PST by Michael.SF. (Does anyone remember Billy Dale? Did the Democrats ever care?)
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To: KidGlock

I used to love Starbucks coffee but I had to give it up.


6 posted on 03/24/2005 9:51:43 AM PST by cyborg (Sudanese refugee,"Mr.Schiavo I disagree with your opinion about not feeling pain when you starve.")
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To: cyborg
I used to love Starbucks coffee but I had to give it up.

I go there sometimes, but I will NEVER order a "Venti" or "Grande" anything. Way to pretentios.

I always ask for a medium black coffee. They can keep all that elitist-sounding "cache," -- even if we all do pay extra for it when we buy coffee there.

7 posted on 03/24/2005 9:54:34 AM PST by Maceman (Too nuanced for a bumper sticker)
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To: KidGlock

Is caffiene not a drug? It offers a buzz, does it not?


8 posted on 03/24/2005 9:57:12 AM PST by Neoliberalnot (Conservatism: doing what is right instead of what is easy)
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To: Maceman

I used to do the same thing. I'd never say vente *lol*


9 posted on 03/24/2005 9:57:54 AM PST by cyborg (Sudanese refugee,"Mr.Schiavo I disagree with your opinion about not feeling pain when you starve.")
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To: KidGlock

Good - that will make me feel less guilty about drinking their coffee.


10 posted on 03/24/2005 9:58:50 AM PST by Chi-townChief
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To: KidGlock

So, in other words, the Pax Funds hate cigarette-smoking, bourbon-drinking, gun-toting soldiers?

Oh brother.


11 posted on 03/24/2005 10:01:21 AM PST by RexBeach (If Bill Clinton is in a room alone, is anyone really there?)
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To: KidGlock

starbucks is a pretty good stock, actually


12 posted on 03/24/2005 10:01:38 AM PST by ConservativeDude
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To: cyborg

I won't go into Starbucks.

I got fed up.

EVERYTIME I tried to go in and get served, some cell-phone talking yuppie puke would cram ahead of me in line, and the person behind the counter, (who in one memorable instance had actually been in the process of taking my order) would pay attention to the rude moron who had shoved his way in front..


13 posted on 03/24/2005 10:17:00 AM PST by tiamat (Some days, it's not even worth chewing through the restraints.)
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To: tiamat

You have to watch out for the posers in Starbucks. I live in a lower-middle class area so it doesn't happen often. Watch out for posers in NYC though! OMG


14 posted on 03/24/2005 10:19:27 AM PST by cyborg (Sudanese refugee,"Mr.Schiavo I disagree with your opinion about not feeling pain when you starve.")
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To: Sthitch

Why would anybody invest in a fund which ignores the ONLY markets which NEVER drop during hard times; guns, liquor, cigarettes and gambling?
Idiots.


15 posted on 03/24/2005 10:20:01 AM PST by SJSAMPLE
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To: KidGlock

Dunkin Donuts has better coffee for less.


16 posted on 03/24/2005 10:20:02 AM PST by bmwcyle (Washington DC RINO Hunting Guide)
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To: cyborg

Part of the problem is that we are so close to Ann Arbor.......

So most of the idiots here are of the upper-middle class "entitled" elite.

Ever have Tim Horton's coffee?

It's GOOD!

I'd like to go to NY someday!


17 posted on 03/24/2005 10:28:27 AM PST by tiamat (Some days, it's not even worth chewing through the restraints.)
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To: tiamat

Never had Tim Horton coffee. I drink green tea now.


18 posted on 03/24/2005 10:29:33 AM PST by cyborg (Sudanese refugee,"Mr.Schiavo I disagree with your opinion about not feeling pain when you starve.")
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To: cyborg; Maceman

Last time I was in a Starbucks (at B&N), I wanted the big black coffee. I told her "the biggest one, the 'venti' or whatever the hell you're calling it." The coffee girl got a kick out of that.


19 posted on 03/24/2005 10:30:50 AM PST by Petronski (If Reichskanzler Greer can kill Terri, who will be next?)
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To: Petronski

LOL


20 posted on 03/24/2005 10:32:34 AM PST by cyborg (Sudanese refugee,"Mr.Schiavo I disagree with your opinion about not feeling pain when you starve.")
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To: cyborg
If you've never had Tim Horton coffee, you've probably never had Timbits either. Junky food, but yummy with coffee.


21 posted on 03/24/2005 10:33:01 AM PST by Petronski (If Reichskanzler Greer can kill Terri, who will be next?)
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To: KidGlock
I keep meaning to invest in the Vice Fund.
22 posted on 03/24/2005 10:33:37 AM PST by ThinkDifferent (These pretzels are making me thirsty)
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To: KidGlock

Starbucks taste like coffee sent through used motor oil...the worst


23 posted on 03/24/2005 10:33:53 AM PST by smith288 (Peace at all cost makes for tyranny free of charge...)
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To: ThinkDifferent
That's hilarious.


24 posted on 03/24/2005 10:35:07 AM PST by Petronski (If Reichskanzler Greer can kill Terri, who will be next?)
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To: cyborg

Green tea is better for you!

:-)

( I have all sorts of bad habits! LOL! )


25 posted on 03/24/2005 10:36:16 AM PST by tiamat (Some days, it's not even worth chewing through the restraints.)
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To: Petronski

Get behind me Satan with your naughty junk food temptation :o)


26 posted on 03/24/2005 10:36:41 AM PST by cyborg (Sudanese refugee,"Mr.Schiavo I disagree with your opinion about not feeling pain when you starve.")
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To: Petronski

I've never noticed those before!

(I hit the drive-through and only for coffee)

Little tiny donuts?


27 posted on 03/24/2005 10:37:43 AM PST by tiamat (Some days, it's not even worth chewing through the restraints.)
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To: Maceman

My wife loves Starbucks, white chocolate latte or some such. I've ordered their plain coffee and can get better at IHOP or Waffle House.


28 posted on 03/24/2005 10:38:09 AM PST by ladtx ( "Remember your regiment and follow your officers." Captain Charles May, 2d Dragoons, 9 May 1846)
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To: tiamat

Donut holes, basically. Little fried balls of dough, some jelly-filled, some smothered in sugar.

Absolute garbage, but so gosh-darned tasty!


29 posted on 03/24/2005 10:39:08 AM PST by Petronski (If Reichskanzler Greer can kill Terri, who will be next?)
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To: cyborg

Hee hee hee hee!


30 posted on 03/24/2005 10:39:42 AM PST by Petronski (If Reichskanzler Greer can kill Terri, who will be next?)
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To: Petronski; cyborg

Thank you!

Unlike cyborg, I'm a Bad Girl and will eat all sorts of terrible things!


31 posted on 03/24/2005 10:43:48 AM PST by tiamat (Some days, it's not even worth chewing through the restraints.)
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To: tiamat

LOL out of sight, off the hips ;o)


32 posted on 03/24/2005 10:44:28 AM PST by cyborg (Sudanese refugee,"Mr.Schiavo I disagree with your opinion about not feeling pain when you starve.")
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To: cyborg

I've got about ten pounds of winter weight I need to shed, but once the weather gets better, I'll be running around more.

Until then, I'll eat your share of the donuts!

:-)


33 posted on 03/24/2005 10:47:46 AM PST by tiamat (Some days, it's not even worth chewing through the restraints.)
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To: tiamat

Yeah, just going into the Starbucks at Barnes & Noble will brand you a "bad boy" here in Utah!


34 posted on 03/24/2005 10:48:42 AM PST by hunter112 (Total victory, both in the USA and the Middle East!)
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To: hunter112

A "Coffee House Cowboy", huh?


35 posted on 03/24/2005 10:51:28 AM PST by tiamat (Some days, it's not even worth chewing through the restraints.)
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