75% Of Chicagoans Buy Cigarettes Not From Their City
A cigarette tax increase is one source of revenue that legislators often see as win-win: either people will choose to keep smoking and pay an extra premium for it, or they’ll quit smoking and get healthier. Lawmakers have proposed a $1-a-pack tax increase to help resolve Illinois’ budget crisis.But opponents of the tax worry that smokers will just cross state lines, or buy on the internet, to avoid paying higher taxes. And a new study suggests that a majority of Chicagoans are doing just that. According to the University of Illinois at Chicago, 75 percent of sampled cigarette packs found on the streets of Chicago come from out of the city, costing roughly $120 million a year in revenues.Teams of researchers, led by David Merriman, the head of UIC’s economics department, … Read entire article »
Filed under: Uncategorized
Fast Profit For ITC Ltd
ITC Ltd., Asia’s second-largest tobacco company by value, said fourth-quarter profit rose 27 percent, the fastest pace in more than three years, on higher cigarette sales and as losses narrowed in a unit that sells snacks and apparel.Net income increased to 10.3 billion rupees ($219 million) in the three months ended March 31 from 8.09 billion rupees a year earlier, ITC, based in Kolkata, India, said in a statement today. That compares with the 10.2 billion rupee median estimate of 20 analysts compiled by Bloomberg. ITC, which gets more than 80 percent of its profit before tax from selling tobacco, benefited in the quarter as retailers hoarded cigarettes in anticipation of an increase in excise tax in the federal budget for the year ending March 31. ITC, Asia’s most valuable cigarette … Read entire article »
Filed under: Tobacco companies
Big Tobacco and Tar Out of Them
The Senate on Thursday overwhelmingly approved legislation that would give government broad new authority to regulate tobacco products, slash nicotine content and restrict advertising.Health advocates cheered the 79-17 passage of the bill, saying it could prevent thousands of deaths and reduce the $100 billion in annual health-care costs linked to tobacco usage. Tobacco allies said the new regulation would cost jobs, hurt farmers and maintain the market dominance of tobacco giant Philip Morris, the maker of Marlboros.The bill would direct the Food and Drug Administration (FDA) to regulate the content and marketing of tobacco products. It would allow the agency to alter the chemical makeup to affect the taste and, health advocates hope, the addictive qualities of tobacco products. Under the bill, nicotine in cigarettes could be cut … Read entire article »
Filed under: Tobacco companies
Dialog FDA and Tobacco Retailers
According to a notice from the Food and Drug Administration’s Center for Tobacco Products (CTP) a comprehensive retailer education campaign to raise awareness about new regulations regarding the sale and distribution of cigarettes and smokeless tobacco is being developed. “The retail community plays a direct role in helping us protect our kids from tobacco. We would like to have retailers be part of the community to protect kids. Therefore, we’d like to get your help in how we communicate with retailers. Please join us on May 26, 2010 from 10am-6pm EST for an online opportunity to help us help retailers learn the latest FDA information impacting retailers. We will discuss CTP’s planned communication to tobacco retailers. This includes CTP’s communication themes, messages, and channels. Your insights and experiences will help CTP … Read entire article »
Filed under: Tobacco companies
Tax-free tobacco is defended by Senecas
After a ceremony yesterday morning to commemorate a 168-year-old treaty, Seneca Nation officials defended their right to sell tobacco products tax-free despite new federal legislation banning tobacco shipment by mail.Tribe council chairman Richard E. Nephew acknowledged tobacco is not the greatest commodity to try to build an economy around but said the Treaty of Canandaigua and Buffalo Creek Treaty clearly define the nation’s right to do so. “We’re not defending tobacco use,” he said after the ceremony at the Burchfield Nature and Art Center. “We’re defending our right to have an economy in our territory. The Canandaigua Treaty promises us fair use enjoyment of our land. We take that to mean govern ourselves, the right to prosper, the right to engage in activities that benefit our people.” The Buffalo News reported last … Read entire article »
Filed under: Tobacco news
Tobacco front is followed by new rules
Joe Camel was banished from the public eye many years ago because he was seen as a way to grab the attention of youngsters and get them to start using tobacco products. The federal government now is expanding its protection of young people against the tobacco industry with many new rules ready to take affect. President Barack Obama signed the Family Smoking Prevention and Tobacco Control Act on June 22 last year. The law gives the Food and Drug Administration the power to regulate the manufacture, marketing and distribution of tobacco products. A goal of the law is to protect public health and reduce the use of tobacco by children and adolescents. The act puts strict regulations on marketing. According to the Lee County Clean Air Coalition’s Emily Carrick, tobacco manufacturers’ ads … Read entire article »
Filed under: Tobacco news
Tobacco companies spent many days in court
U.S. cigarette makers, led by Altria Group (MO) and Reynolds American (RAI), who is the producer of Camel cigarettes have racked up a dismal record in Florida courts, where smokers and their families won 14 of the last 15 trials and were awarded more than $200 million in damages. But plenty of battles remain. That’s because there are still more than 9,000 claims left to be tried. The industry’s string of 14 losses, followed by one victory on May 19, are among the first cases to be heard on behalf of sick and dead smokers since the Florida Supreme Court threw out a huge class action aiming to represent 700,000 smokers in 2006. The suit claimed tobacco companies misled smokers about the addictive nature of smoking and its impact on health. … Read entire article »
Filed under: Tobacco companies
Tobacco products coming from the past
25 years ago: May 21, 1985 The Cape Girardeau County Commission has purchased the Jackson Coca-Cola offices and production plant on Barton Street in downtown Jackson, directly east of the courthouse; it will be renovated for a new county administrative office building.A group of Chaffee residents, concerned about the odor emanating from the Estech Chemical Corp. plant on North Frisco Street, has appealed to the Chaffee City Council for help; the company produces and distributes fertilizer products. 50 years ago: May 21, 1960 In an effort to reduce the number of complaints of children shooting BB guns in Cape Girardeau, and the resulting property damage, Police Commissioner J.L. Wieser has issued an order that police officers investigating such reports should confiscate the guns; parents will be allowed to collect them from … Read entire article »
Filed under: Tobacco-general info
A pair of Crows take a cigarette break
A pair of crows have been photographed taking a break on a holiday island with a packet of cigarettes.Holidaymakers Tony and Judie Ellis watched as the crow alighted on the roof of a water villa next to theirs and calmly began extracting the cigarettes from the packet.As Judie, 53, rushed to get her camera to record the scene on the Maldives two more crows arrived and picked up the cigarettes in their beaks. Judie, of Crowborough, East Sussex, said: ‘The crow which flew past with the cigarettes seemed to be dishing them out to the others.’It was taking the cigarettes out of the packet and putting them on the roof of the water villa. It is supposed to be L&M cigarette brand. Then the other crows were picking them up. It was … Read entire article »
Filed under: Featured
Quitting cigarettes can shorten the term of your mortgage
Quitting cigarettes can do more than lengthen your life. It can shorten the term of your mortgage.Research from financial comparison website RateCity shows a pack-a-day smoker spends $4,000 a year, or $300 a month, on cigarettes.Dropping that money onto the monthly repayments of a 25-year, $300,000 mortgage, could reduce the term of the loan to 19 years and knock $100,000 off interest repayments. The federal government recently lifted the excise duty on tobacco by 25 per cent, adding $2.16 to a pack of 30 cigarettes.”Many households will be feeling the pinch of rising interest rates as we’ve seen mortgage repayments increase by about $340 per month for the typical $300,000 loan since September 2009,” RateCity CEO Damian Smith said.”Borrowers who have also been slugged with the new cigarette tax will be … Read entire article »
Filed under: Featured, Quit smoking help
An apple a day may not keep the doctor away
An apple a day may not keep the doctor away, after all. According to a newly released study, the link between fruit and vegetable consumption and cancer prevention is not that strong. The study, published this week in the Journal of the National Cancer Institute, based its findings on diet analysis of more than 400,000 people, and calls into doubt the widespread belief that a high intake of fruits and vegetables is a useful tool in the fight against cancer. Dr. Paolo Boffetta of New York’s Mount Sinai School of Medicine says the study’s findings don’t take away from the health benefits of fresh produce, but simply downplay their effectiveness in combating many forms of cancer. “There is some success, but it’s not as large as thought in the past,” Boffetta said … Read entire article »
Filed under: Tobacco news
Ontario needs more penalties for contraband tobacco
The provincial government must put in place stiffer penalties for the illegal manufacturing of contraband cigarettes and help implement a national program to help smokers quit if it wants to curb rising rates of tobacco use, according to a report by the Ontario Medical Association. “The battle against tobacco is far from over,” said Dr. Suzanne Stratsberg, president of the OMA at a news conference. “It is clear that we are going to have to redouble our efforts if we are going to have any chance at winning this fight.” There is much to do in the future regarding this subject. The report – titled Tobacco, Illness, and the Physician’s Perspective – and published in this month’s Ontario Medical Review, says smoking costs Ontario’s health-care system $1.6-billion a year. It also accounts for … Read entire article »
Filed under: Featured
Tobacco facts
- Healthier alternative to conventional cigarettes May 18, 2012
- Healthier alternative to conventional cigarettes May 18, 2012
- Monterey County passes through tobacco sales law May 17, 2012
- The new target audience of Big Tobacco May 16, 2012
- Philip Morris CEO’s $6 Million Sale May 15, 2012
© 2012
Recent Comments