Word: tobacco
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Dates: during 2000-2009
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...report on Senate Foreign Relations Committee chairman Jesse Helms [WORLD, May 29]: Oh, that fickle justice should have prevailed, leaving us to wonder if the bewildered voters of those great secessionist states would have enthroned Jesse Helms and Strom Thurmond to decide the fate of their children, homes and tobacco farms if they had known how long these mucousy old men would stay in office. What twisted fate decreed that the rest of us must abide these cantankerous old curmudgeons on Capitol Hill, thanks to the dullards who sent them there? And with those two entrenched Senators being favorite sons...
...tells you that even in a recession, people still need to eat and fend off illness. Also, while they may not be able to pay their cable or phone bills, they'll need to keep the lights on. So electric-utility companies are viewed as a good defensive group. Tobacco stocks historically have been viewed, ironically enough, as a safe investment, despite the industry's constant litigation...
There have been only four bear markets in the past two decades, and during each the Dow Jones industrial average declined 24% on average. But traditional defensive groups did better than that, according to a survey of 100 industry groups by Florida-based Ned Davis Research. Tobacco was down only 9%. Food producers dipped 12%, and grocery chains fell only 10%. Household-product companies dropped 15%. Drug stocks were off 19%. Electric utilities declined between 5.7% and 8.7%, depending on the region...
...TOBACCO A no-brainer. Cigarettes are the leading preventable cause of cancer in developed countries and are implicated in malignancies of the lung, larynx and esophagus...
...THURMOND] A tobacco state [BALAGUER] A tobacco family...