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Charitable Trust Investments


PJ of Hildisvik
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Speaking about ethical investment there was a programme I saw on tv a few years ago about how the Mormons financed the development of Las Vegas. They didn't seem to bother about where the money came from as long as they got a good return on their investment.

http://www.liontv.co.uk/_london/productions/History/lasvegas.html

 

the remarkable story of how some of America's most religious people helped build the world's gambling Mecca in the desert which plays host to 30 million visitors a year.

 

im confused whats this got to do with the charity trusts choice of investments. if you delve deeper you will probably find its indivduals that are involved not the mormon church.

 

the trust funds the care of the sick elderly. so its reasonable to ask why they are backing some industries that are making people sick.

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Speaking about ethical investment there was a programme I saw on tv a few years ago about how the Mormons financed the development of Las Vegas. They didn't seem to bother about where the money came from as long as they got a good return on their investment.

http://www.liontv.co.uk/_london/productions/History/lasvegas.html

 

the remarkable story of how some of America's most religious people helped build the world's gambling Mecca in the desert which plays host to 30 million visitors a year.

 

From the website quoted above the programme was broadcast 10 years ago. At the time it struck a chord with me as the Charitable Trust had been discussing ethical investment at that time, but after all that time you will have to rely on my memory as the quote above is the all the detail available on the programme.

 

I did Google the subject.

 

you delve deeper you will probably find its indivduals that are involved not the mormon church.

 

The main individual involved was E Parry Thomas.

 

Parry Thomas was born June 29, 1921, in the Mormon town of Ogden, Utah, where he grew up. He stopped attending the Church of Latter-day Saints at age 14, though he later married a church member and his family is active in the church. Thomas' LDS upbringing would later help him establish strong ties with successful Mormon businessmen in Las Vegas.

 

He ran the Bank of Las Vegas, which financed much of the development that made Las Vegas what is is today.

 

The point of the programme, as I recall, was that the Mormons could see where money could be made and as long as was legal they did not care about the ethics of it.

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The only way to keep things honest, then, is to ensure that the public are somehow involved in deciding.

 

There's a thought...why not have the Charitable Trust trustees an elected group of people independent of the Council so that if the councillors had any hare-brained schemes they wanted to fund they'd have to justify them to the independent trustees rather than use the CT money as their piggy bank?

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excellent idea maywick is that what the charity commision said they had to do.

further to the mormon thing he stoped going when he was 14. as far as the mormon church is concerned he is not a member. from what you say he was probably excuminicated. also the mormons dont have sex with multiple partners your thinking of the FLDS not the LDS. intresting that the people arrested were not charged in texas no evidence was found to support the raid in texas. it was found that the complaint came from some nutty woman with an history of pretending to be a child undergoing abuse. she was later charged with a simular offence.

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