Word: tobacco
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...team consensus was to reduce the red ink by a total of about $115 billion. The teams called for raising about $38 billion in taxes; supporting levies on such items as beer, wine and tobacco; cutting $32 billion in defense, including funds for Star Wars; chopping $23 billion from Social Security and other entitlement programs; and taking $21 billion out of domestic programs like farm price supports. Said Senate Budget Chairman Pete Domenici: "They are a couple of steps ahead of us." Of course, none of the participants are running for re-election...
...days of yore is debatable. The return of Paley provides a powerful symbol of continuity at the tradition-minded network. But Tisch, though a respected executive, has no experience in broadcasting. As equal partner in Manhattan- based Loews Corp. with his brother Preston Robert, Tisch controls holdings in hotels, tobacco and insurance worth an estimated $17.5 billion. His CBS appointment immediately raised the question of how he would balance the demands of public service and the bottom line. On that score Tisch offered quick words of reassurance. "I'm really wearing two hats," he said in an interview with TIME...
...Abuse this month will show rather surprisingly that the current cocaine epidemic has already peaked, and the use of other drugs is declining significantly. Drugs kill, but not nearly so often as the family car. Coke and heroin cause much less overall harm, in statistical terms, than alcohol or tobacco...
...true that the number of cocaine-related deaths has nearly tripled since 1981, more people (570) died from appendicitis last year than from cocaine abuse (563). The death toll from cocaine is minute compared with the number of fatalities attributed in 1980 to alcohol (98,186) and tobacco (some 300,000 annually). While the health cost of drug abuse was estimated by one National Center for Health Statistics study at $59.7 billion in 1983, the medical bill for alcohol abuse was $116.7 billion. "There is no question that alcoholism in terms of social cost remains our No. 1 problem...
Even so, illicit drug use had become so deeply entrenched that it continued to permeate all levels of society, particularly the youth culture. While still illegal, drug use became socially acceptable in many quarters. Pot was smoked as openly as tobacco in some city parks and on street corners, while police looked the other way. Newly popular man-made chemicals like phencyclidine, better known as angel dust or PCP, drove users into violent frenzies, making the myth of wild-eyed drug fiends, which had been scoffed at by '60s college students, a horrifying reality...