vrijdag 2 oktober 2009

Flemish fathers and nuns suffer due to banking crisis

Religious orders lost more than 1.5 million euro owing to Lehman Brothers's bancruptcy. 'Broeders van de liefde' lost 500.000 euro, but fortunately, no development project is cancelled; 'every lost euro is one too much, but it is not a disaster'. The order did not take a major risk by investing in Lehman Brothers, the bank had a reliable reputation, it was a defensive investment.
Working together with Oever, 'Broeders van de liefde' only invest in ethically justified projects, the fathers won't invest in companies who conflict their christian principals in order to make sure they do not finance child labour or arms trade.

Jill Rollier
For more information, click on the photo.

1 opmerking:

EcoEnglish zei

HAD TO BE cancelled
quote: who's talking here?
The order did not ...: this sentence should be split up in 3 separate sentences; it is certainly not a good idea to pile up different ideas in a single sentence by connecting them with commas. Same comment for the next sentence: full stop needed after 'projects'
'who' and 'conflict': not used correctly; better 'which are not in line with'
Good topic, no major mistakes. But not very coherent (see above).
(GJ)