Word: tobacco
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Dates: during 1990-1999
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When is $300 billion not a lot of money? It would make every resident of Buffalo, N.Y., an instant millionaire. It equals 40 years of profit for Exxon. But if it comes from the tobacco industry, well, for a growing number of folks $300 billion is a sum to sniff at. This is the nightmare that proponents of a sweeping congressional tobacco settlement most feared: a greedfest from plaintiffs' lawyers and the public now that tobacco executives have come to the bargaining table. Consider the state of Missouri, which so far has steered clear of the tobacco suits. "I expect...
...Tobacco execs no doubt expected some piling on. And I'm all for Philip Morris and its peers paying through the nose if they are to negotiate away their legal woes. But there are limits to how much they can cough up. A payment so large that it cripples the business defeats the purpose of their settling, although that point seems to be getting lost. Besides, no tobacco chief is going to cut his shareholders' throats. Just how much can the industry afford? Tobacco execs have been mum on the subject. It was the antitobacco side that floated $300 billion...
...idea that a single chemical could be associated with everything from snorting cocaine and smoking tobacco to getting good grades and enjoying sex has electrified scientists and changed the way they look at a wide range of dependencies, chemical and otherwise. Dopamine, they now believe, is not just a chemical that transmits pleasure signals but may, in fact, be the master molecule of addiction...
...floods a synapse, scientists believe, circuits that trigger thoughts and motivate actions are etched onto the brain. Indeed, the neurochemistry supporting addiction is so powerful that the people, objects and places associated with drug taking are also imprinted on the brain. Stimulated by food, sex or the smell of tobacco, former smokers can no more control the urge to light up than Pavlov's dogs could stop their urge to salivate. For months Rafael Rios lived in fear of catching a glimpse of bare arms--his own or someone else's. Whenever he did, he remembers, he would be seized...
JACKSONVILLE, Florida: Tobacco stocks soared minutes after a Florida jury found R.J. Reynolds not responsible for the death of lifelong smoker Jean Connor. Just thirty minutes after the verdict was announced, giants Philip Morris and RJR Nabisco had gained a whopping ten percent in value. Nervous investors had shunned tobacco stocks until the decision was announced: RJR Nabisco was trading as low as $28.37 1/2 before finishing the day up $3.12 1/2 at $32.62 1/2, while Philip Morris bottomed out at $37.87 1/2 and then went up $4.25 at $44.12 1/2. Investors hope that the decision will strengthen the industry...