Word: tobacco
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Dates: during 1990-1999
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...tobacco stocks have been smoking lately, you'd think the Surgeon General had just discovered that it's the paper, not what's wrapped inside, that makes cigarettes deadly. In just five months, shares of the nation's biggest tobacco company, Philip Morris (Marlboro), have risen 47% while shares of No. 2, RJR Nabisco (Winston, Camel), have jumped 39%. Sure, the industry just won a slew of important court cases. But that's hardly news. Big Tobacco has been snuffing out liability claims in the courts for decades. What's new is a persistent buzz that some kind of deal...
...Tobacco investors have made it clear how badly they want a settlement. Late last month, for example, rumors swirled about a settlement under which tobacco companies would pay the hefty sum of $10 billion a year--more than the industry currently earns. Philip Morris stock promptly rose $6, creating $5 billion of market value and sending up a smoke signal so dense that even the long-in-denial tobacco industry had to notice. The burning question is this: If the market is ready to embrace such a costly settlement--and antitobacco forces, realizing they're getting nowhere fast in their...
...Mississippi is home to a small but aggressive plaintiff's bar, featured twice over the past year on the front page of the Wall Street Journal and on episodes of 60 Minutes. For all of Lott's passion for tort reform, one of the nation's wealthiest tormentors of tobacco companies is his brother-in-law Dick Scruggs, beside whose pool the majority leader can often be found, sipping a Coke and working his cell phone, whenever the Senate is out and the weather is warm...
...Starr's remains impeccable." At the very least, as Joseph DiGenova, a former independent counsel and U.S. Attorney in the Reagan Administration, points out, "It's another unfortunate circumstance which is unnecessarily distracting." DiGenova faults Starr too for continuing his $1-million-a-year law practice, which includes tobacco clients, and for speaking at Clinton-basher Pat Robertson's Regent University. "Ken's a fine man, but he doesn't listen to criticism. He'd be better off if he had not represented certain clients or given certain speeches," says DiGenova. "He's made another terrible mistake, and there...
...which sought to bridge the gap between the traditional and the contemporary worlds was the poetry reading by Sonali Bose '98, excerpted from the upcoming compilation Conversations with the New Race on the Block and acted out silently by cast members. Several of Bose's pieces, such as "Tobacco" and "Gunda" ("Low-life"), are reminiscent of Sandra Cisneros' short prose poems in The House on Mango Street in their attempt to give an impressionistic shape to events as perceived through the eyes of a member of a culture still unfamiliar to most Americans...