Audio By Carbonatix
Newsweek this week follows in the footsteps of U.S. News & World Report and suggests the last sure bet in this crap economy is sin. Or vice, as Newsweek puts it — specifically, the Dallas-based Vice Fund, which proudly “invests in companies, both domestic and foreign, engaged in the aerospace and defense industries, owners and operators, gaming facilities as well as manufacturers of gaming equipment, manufactures of tobacco products and producers of alcoholic beverages.”
Things to keep in mind: Booze is good for Texas business, though sales are down. RJ Reynolds stock is still in the mid-40s. And condom sales aren’t exactly flaccid. Every day is now officially Friday night. –Robert Wilonsky
