Word: tobacco
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...Thinking: Big Tobacco knowingly sells a defective product that, when used exactly as intended (i.e., you smoke the thing), addicts the consumer to nicotine and eventually sickens and kills him. Big Tobacco should pay billions in damages, not only to smokers and their families but also to state governments to cover the smokers' Medicaid expenses...
...Assuming the Risk: The Mavericks, the Lawyers, and the Whistle-Blowers Who Beat Big Tobacco (Little, Brown; 384 pages; $24.95), Michael Orey, an editor at the Wall Street Journal, describes the American journey from a public attitude of "Tough luck, buddy" to the group-grievance activism of the '90s, brought to lucrative fruition in lawsuits--by Mississippi, Minnesota and 38 other states--that have extruded from the tobacco industry the promise of close to $250 billion, to be paid out over 25 years...
...Miss). In the fullness of time, he became a born-again Christian and crusading lawyer who took up the cause of Nathan Horton, a black carpenter and contractor who smoked two packs of Pall Malls a day, developed emphysema and lung cancer and filed suit against the American Tobacco Co. for $1.5 million in damages in 1986. Horton died in early 1987, but Barrett and the Horton family kept up the fight...
...first court battle ended in a mistrial. On retrial, the jury embraced New Thinking by finding American Tobacco liable for Horton's death--a conceptual breakthrough. But Old Thinking lingered: the jury figured, at the same time, that Horton had obviously brought cancer on himself and awarded zero dollars in damages...
...Clinton made in January?s State of the Union address. "As complex as this litigation is, there?s going to be a strong desire to settle on both sides," says Sanders. And as badly as the surplus-minded Clinton could use $75 billion, a legacy-building handcuffing of Big Tobacco is priceless...