Word: productive
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Dates: during 1980-1989
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...both cases, the tobacco companies prevailed because the courts ruled that federal statutes held primacy over state laws. Specifically, the appeals courts declared that the federal disclosure law mandating cigarette package warnings, in effect since January 1966, takes precedence over the state laws on which the product liability cases were based. The federal warning provides uniform labeling of cigarettes, the courts reasoned, and was intended to balance concerns about the health of smokers against the economic benefits derived from domestic commerce in tobacco products. Said Judge John Brown for the first U.S. Circuit Court of Appeals on Palmer vs. Liggett...
...Merit brands, rose 6 3/4, to 119 7/8. (Shares of Liggett & Myers are not publicly traded.) The cases, however, may still be appealed to the Supreme Court. Meanwhile, a host of similar cases are hanging fire; Liggett & Myers alone is the target of about 30. Of the estimated 125 product-liability cases pending against all tobacco companies, RJR Nabisco, manufacturer of Winston and Salem cigarettes, is facing...
Broward Motor Yachts in Fort Lauderdale leads the U.S. in building big boats, with twelve taking shape in the family-owned yards. Its new production plant will add more than 50 architects, skilled fitters and welders to its staff of 250. The yard's most celebrated product is the notorious Monkey Business, which helped drive Gary Hart's presidential campaign onto the rocks. Broward's most popular boat, however, is an 80-ft. starter, or "yuppie special," that sells for $2 million. The typical buyer is a fast tracker between 35 and 40 who yens for something more than...
...debt debacle could hardly come at a worse time for Pyongyang. Reports filtering back from visiting academics and investment experts depict a country mired in an economic morass. Although precise numbers are hard to obtain, the per capita gross national product for the nation's 20 million people is believed to be $900, far less than South Korea's $2,274. The North's GNP rose last year by 1% to 4%, to about $20 billion, compared with a 12.5% increase, to about $95 billion, in the South. While South Korea pumps out Hyundai * automobiles and Daewoo computer equipment, some...
...most sensitive foreign responsibility that the young King inherited is landlocked Swaziland's relationship with its powerful neighbor, South Africa. The economies of the two countries are closely linked, as are their respective police and intelligence agencies. With a gross national product of $65 billion, in contrast to Swaziland's $490 million, South Africa is the smaller country's principal trading partner and its sole supplier of oil, gasoline, electricity and most consumer goods. In exchange for South African economic cooperation, Swaziland has closely policed the activities of antiapartheid African National Congress militants within its borders. A few weeks...