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Managing a company in that kind of flux could make even a nonsmoker reach for a butt. You can assume, though, that Big Tobacco thinks business will be better, or it wouldn't have come this far. Profit margins on cigarettes are now about 34%. Last year Philip Morris had an operating profit of $4.2 billion on domestic cigarette sales of $12.5 billion. Unquestionably, tobacco is a cash crop that can cover the settlement tab and still reward stockholders. And with advertising and legal outlays likely to be scaled back, the industry can recover some of its costs immediately...

Author: /time Magazine | Title: HOW TOBACCO FIRMS WILL MANAGE | 6/30/1997 | See Source »

...Department of Energy, who owns the lab, began an extensive review of the lab's environmental, health and safety policies after a 1994 fire at BNL's high flux beam reactor exposed several workers to radiation...

Author: By Matthew W. Granade, | Title: Laboratory Loses Federal Contract | 5/21/1997 | See Source »

...Students] know that it's a difficult process," says the second-year resident tutor. "Also, medicine is really in flux right now. There are a lot of questions about how much doctors are going to be able to make when they are done with the process...

Author: By Anne C. Krendl, | Title: Fewer People Apply To Med Schools | 4/1/1997 | See Source »

...weather's in flux: one day it's a crisp 30, the next a humid...

Author: By Geoffrey C. Upton, | Title: dealing with STRESS | 3/1/1997 | See Source »

...possible that the increased popularity of marijuana is merely cyclical, part of the usual flux and reflux that have also seen harder drugs like cocaine and heroin rise in their allure for a time, and then decline when the consequences became more luridly obvious--only to rise again when a generational forgetfulness sets in and a drug's glamour could assert itself afresh. Indeed, today some experts are worried that an obsessive concern about marijuana may confuse overall perspectives. Says Mark Kleiman, a UCLA professor who specializes in national drug policy: "It's destructive to focus the country...

Author: /time Magazine | Title: KIDS & POT | 12/9/1996 | See Source »

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