Word: philipe
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...politicians to make it more expensive and complicated to produce, market and sell cigarettes. That's particularly true in New York, where the measure follows revelations last year that a group of high-ranking state politicians and officials had been wined and dined lavishly by the tobacco lobby. Philip Morris's top Albany lobbyist has since been barred from working in New York State, and some officials have been fined for receiving improper favors. In the wake of the scandal, the New York legislature in February approved the highest per-pack cigarette tax in the country. And now this...
...Self-extinguishing cigarettes are not a new idea. Philip Morris developed the technology in the 1980s, but has only recently decided to begin test-marketing it on some of its less popular brands. Tobacco firms have resisted using the safer cigarettes because they believe they annoy smokers - who have to relight their butts if they take too much time between drags - and cost more to produce. The anti-tobacco lobby, of course, is cheering the news and predicting that it could open the industry to another spate of lawsuits. But, says TIME legal analyst Alain Sanders, while the measure could...
...Ames Professor of Law Philip B. Heymann, who also worked on the Watergate investigation, said Vorenberg helped to build the office of the special prosecutor so it would endure political upheavals, like the firing of Cox by President Richard M. Nixon in October...
...lineup of scientists who agreed to write for this issue, including Stephen Jay Gould, Freeman Dyson, Steven Weinberg and Steven Pinker. "I usually have to cajole scientists of this caliber to take time off to do articles for us, but this time they all quickly said yes," says Philip Elmer-DeWitt, who oversaw the package. "I chalk it up to what I call the POC effect, which means that by naming Albert Einstein Person of the Century, we underscored how serious TIME is about covering science and the ways that science shapes our lives...
...flip side of high risk--assuming too little of it--is equally dangerous. That's been clear enough over the past few years to anyone who is mainly in bonds or old-economy value stocks like Philip Morris and Good-year Tire. Quite simply, they were left in the tech dust. Ask Julian Robertson, the famed Tiger Management boss who held fast to his value style until time ran out. Last week Robertson, whose assets had dwindled, to about $6 billion from $21 billion in 1998, gave up and quit. The question is, Is it too late to jump...