Word: tobacco
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Dates: during 2000-2009
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...family has already been selling off stakes in some of its other businesses. It divested its Conwood tobacco company for $3.5 billion, sold a 60% stake in its Marmon Group industrial conglomerate to Warren Buffett's Berkshire Hathaway for $4.5 billion and even sold a 13.6% stake in Hyatt to Goldman Sachs and Madrone Capital Partners for $1 billion...
Unlike Jeffrey Wigand, the tobacco-industry whistle-blower made famous in the movie The Insider, Potter doesn't have a smoking gun or secret documents to unveil. He signed a confidentiality agreement before leaving Cigna and intends to honor it. "I have no intention of disclosing any proprietary information," he says. For-profit health-insurance-industry practices Potter talks about, like rescission - dropping expensive-to-cover policyholders on grounds that they failed to disclose pre-existing health conditions - are not secrets. This is, in fact, how private health insurers make profits. In Potter's view, these practices just need more...
...incisive as the best political journalism, and Naipaul presents the causes of Africa’s problems with rare balance and simplicity; “At the height of the slave trade, African rulers seemed literally to have gone mad. To get hold of the guns and tobacco and brandy they craved, some chiefs betrayed and enslaved their own people. The desire to possess had spiraled out of control. Their successors behave no differently. Slavery, of course, is now illegal. But are there any moral distinctions to be drawn between a chief who, in order to satisfy his lust...
...drifters, dangerous pilgrims wandering in amnesiac hazes or fevered dreams: “In the midst of a phantasmagoria of worn-out, mangled faces, scarred cheeks and necks, twisted, pocked, crushed and bloated noses, missing teeth, brown snags, empty gums, stubble beards, pitcher lips, flop ears, sores, scabs, dribbled tobacco juice, stooped shoulders, split brows, weary, desperate, stupefied eyes under the lights of Center Street, Tully saw a familiar young man with a broken nose.” When Tully lies among these men in the park, the town cuts down the trees that provide their shade. Communities take only...
Smoke and Mirrors In your article "Big Tobacco's War for Africa" you underestimated smoking rates by ignoring the amount of cheap pipe tobacco that is sold and hand-rolled into cigarettes [Aug. 10]. Most of the countries in Africa have a lot of so-called "grey" (that is, unofficial) cigarette imports. Clive Varejes JOHANNESBURG, SOUTH AFRICA