State Journal: An investment gamble; Celebrity criticism

Officials of the Texas Teacher Retirement System are used to gambling. The pension fund holds a portfolio of about 1,000 stocks and manages about $45 billion in its varied investments.

But some questions are being raised about a recent roll of the dice: a decision to sink some of the money into companies that own casinos.

Officials of the system have shrugged off the criticisms of gambling foes about their investment of $13 million in Harrah's Entertainment Inc. and $5...

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