Thursday February 27, 2020

Taking stock: is it really a sin to invest in vice'?

Experts are divided on the investment case for buying into tobacco, porn, arms and drink, writes Barry J Whyte.

Barry J Whyte

Chief Feature Writer

29th June, 2014
In hard times, people still smoke, drink, gamble and buy guns as much as, or more than, they would during healthy economies.

Since 1974, people have been mangling American Supreme Court Justice Potter Stewart’s famous framework for identifying obscenity.

“I shall not today attempt further to define the kinds of material I understand to be embraced within that shorthand description (‘hard-core pornography’),” he said. “But I know it when I see it.”

With vigorous lobbying ongoing by the tobacco industry in Ireland over the government’s plan to introduce plain packaging,...

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