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Over five years,[link widoczny dla zalogowanych], the state would save $18.4 million in medical costs from problematic pregnancies and births,[link widoczny dla zalogowanych], and $23.7 million because of fewer heart attacks and strokes.
Lorillard and other opponents of an FDA ban on menthol argue that jobs are at risk,[link widoczny dla zalogowanych], and that a black market for menthol cigarettes would remain if menthol cigarettes were outlawed. To head off a ban, the company has moved aggressively to dominate public discourse on the topic. According to The Wall Street Journal, it has bought Internet domain names potentially critical of menthols, such as MentholKillsMinorities.com,[link widoczny dla zalogowanych], MentholAddictsYouth.com, FDAMustBanMenthol.com,[link widoczny dla zalogowanych], KillerMenthol, BanMenthol and MentholKills.([link widoczny dla zalogowanych])
Smoking-related illnesses create $2.13 billion in medical expenses a year in Missouri. About a quarter of that amount, $532 million, is covered by the state Medicaid program.
Health advocates in the black community dismissed such public relations efforts. For example, Dr. Louis Sullivan, U.S. health secretary under the first President Bush, was "very disappointed and very distressed" because African-American groups were being "used by tobacco companies."
"Over time,[link widoczny dla zalogowanych], the company has been a member of organizations such as trade groups, chambers of commerce and other organizations," a spokesman for the company said. "Given what is at stake,[link widoczny dla zalogowanych], it's only natural that we support them in their firmly held beliefs."([link widoczny dla zalogowanych])
The same consultant submitted a pro-menthol editorial under the byline of Harry C. Alford, the CEO of the National Black Chamber of Commerce. Lorillard contributes $35,000 in yearly dues to the organization. Alford said the editorial "was not in any way influenced" by that relationship.
Bwin and Real Madrid
Some health advocates said that menthol, which is drawn from mint plants and creates a cooling sensation in the mouth and throat, is attractive to youth because it covers up the harsh taste of cigarettes. They also say that it is appealing to African-Americans, "who have long been a target of menthol marketing campaigns,[link widoczny dla zalogowanych]," according to The Wall Street Journal.
FXPro was lucrative enough to get its corporation's name on two Premier League teams. Aston Villa, constantly in the upper half of the league standings,[link widoczny dla zalogowanych], is based in Birmingham. Fulham is in London. Between rabid fans and tons of television exposure, their sponsorships are well worth it. Fulham's jerseys will have FXPro on the front until 2013.([link widoczny dla zalogowanych])
A 2010 report from the Centers for Disease Control and Prevention found that African-Americans suffered disproportionately from smoking-related disease, compared to other racial and ethnic groups. Further, while only 20.6 percent of all Americans smoke, 21.3 percent of black adults do.
The conventional wisdom is that a tax increase can’t be done. But Missouri has never experienced sustained bipartisan leadership from the governor on down on this crucial public health issue.
But a tax increase that size would have to go to voters. So Rep. Mary Still, a Columbia Democrat,[link widoczny dla zalogowanych], is also proposing raising the tax by 12.5 percent a year for eight years to get to a dollar-per-pack increase.
Lorillard would not comment on whether it had contributed financially to organizations that supported its point of view.
It’s time for the state’s leaders to step up. Missouri’s cigarette tax should be in line with its neighbors and the national average. At 17 cents a pack,[link widoczny dla zalogowanych], it’s making the state the butt of a bad joke. ([link widoczny dla zalogowanych])
([link widoczny dla zalogowanych]) New York,[link widoczny dla zalogowanych], February 9th (TradersHuddle.com) - Shares of Philip Morris International Inc. (NYSE:PM) are trading higher by +0.19% ahead of its quarterly earnings release. Philip Morris, the tobacco company maker of [link widoczny dla zalogowanych] is expected to release its quarterly results on February 10th.
Research by the Campaign for Tobacco-Free Kids has established that every Missouri household annually pays $586 to cover state and federal expenses caused by smokers.
American soccer jerseys aren't nearly as lucrative since Major League Soccer still comes in fifth place amongst pro sports leagues.
Philip Morris estimates have a range of $0.06 a share. The high estimate calls for profit of $0.99 a share and the low estimate is calling for a profit of $0.93 a share, a year ago for the quarter the company reported $0.81 a share.([link widoczny dla zalogowanych])
The company set up pro-menthol Twitter and Facebook pages as well as UnderstandingMenthol.com, where, The Wall Street Journal reported,[link widoczny dla zalogowanych], it "frequently links to articles that include quotes or are written by groups that oppose a menthol ban and present reasoning similar to its own."
The Missouri Budget Project, a nonprofit research and advocacy group, has calculated that by increasing the tax to $1.07 a pack — the average of the four largest states bordering Missouri — the state would raise about $500 million. Coincidentally, that’s about the size of next year’s budget shortfall.
Philip Morris International Inc. (NYSE:PM) licensees, produces,[link widoczny dla zalogowanych], and markets a wide range of branded cigarettes and tobacco products in markets outside of the United States of America. The portfolio include Marlboro,[link widoczny dla zalogowanych], Merit, Parliament, and Virginia Slims.
The most exorbitant sum paid for a jersey sponsorship has got to be the Qatar Foundation's ousting of UNICEF on the front of Barcelona's uniform. For a huge sum of $245 million over six years,[link widoczny dla zalogowanych], the amount comes out to $40 million per year. It far surpasses even Real Madrid's astronomical number.
Lorillard also hired a PR firm to gain media exposure for prominent African-Americans opposing a ban. For example, one of the firm's consultants placed the spokesman for the Congress of Racial Equality,[link widoczny dla zalogowanych], Niger Innis, on radio programs to discuss menthol. He objected to a possible ban because "you are taking away a legal preference and choice for African-Americans,[link widoczny dla zalogowanych]," and because a black market could create "another vehicle of criminality in the African-American community."
“Tax increases are expected to continue to have an adverse impact on sales of tobacco products … due to lower consumption levels,” cigarette manufacturer Philip Morris said in a 2008 report.
Wall Street Analysts consensus calls for a profit of $0.96 a share on $7.27 billion revenue.
Fly Emirates and Inter Milan ([link widoczny dla zalogowanych])
The relationship between cost and cigarette usage is well established — by the tobacco companies themselves.
([link widoczny dla zalogowanych]) "African-Americans like their [link widoczny dla zalogowanych], and there is no reason why they should not be allowed to have them," he said.
Bwin is allegedly paying just over $27 million per year to be on the front of Real Madrid's jersey until 2013. One of the most recognizable teams in Spain has been the beneficiary of the deal since 2007. Real Madrid is not just rich on money—it's rich in history and championships.
Researchers also calculate that increasing the price of cigarettes by a dollar would prevent 62,400 young Missourians from becoming addicted adult smokers and encourage 38,[link widoczny dla zalogowanych],500 adults to quit smoking in the first year.([link widoczny dla zalogowanych])
The Campaign for Tobacco-Free Kids estimates that a dollar-per-pack rise in Missouri’s cigarette tax would result in a 16 percent decrease in smoking among high school students.
FXPro with Aston Villa and Fulham ([link widoczny dla zalogowanych])
With so much money on the line, it's only a matter of time before the NBA begins selling the front of its jerseys to companies to make extra money. The NFL may also want to explore jersey sponsorships to get more revenue. In 2009,[link widoczny dla zalogowanych], the NFL allowed practice jerseys to have company names but not so with regular season uniforms. It's probably just a matter of time thanks to recent deals in European soccer.
Inter Milan just picked up a new sponsor for the 2010-2011 season to replace Bwin. Fly Emirates is paying around $80 million over five years to be on the jersey. As one of the top tier teams of the Serie A, Fly Emirates is expanding from it presence in the Premier League and into another great European league.
Qatar Foundation and Barcelona
([link widoczny dla zalogowanych]) Federal survey data from 2009 showed that 45 percent of smokers between 12 and 17 use menthols, and about 80% of African-American smokers prefer menthols to other brands.
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