Posts tagged: money

AG: State Collects About $100M In Tobacco Settlement

Tweet Attorney General Jack Conway announced Wednesday that Kentucky, as required under the 1998 Master Settlement Agreement (MSA) between the major tobacco manufacturers and 52 states and territories, received its annual payment of nearly $100 million in tobacco settlement money this week. “The money Kentucky receives each year from the MSA provides funding for many invaluable programs -from agriculture to education,” Conway said. & ... Jump to full article >>

NC GOP lawmakers target tobacco settlement money

Tweet RALEIGH, N.C. — The manufacture of Camels and Lucky Strikes kept tax dollars flowing in North Carolina during Big Tobacco’s heyday. Now lawmakers are asking if they should take long-protected cigarette company settlement money – while possibly settling a humbling chapter in the state’s past. Their target is money in the Golden LEAF Foundation, a private nonprofit organization chartered by the Legislature in 1999 to m ... Jump to full article >>

Tobacco funds could save state health care, says auditor general

Tweet Pennsylvania has burned through over $1 billion in tobacco settlement money that has floated away like a plume of smoke from its original mission. At least, that’s what Auditor General Jack Wagner says. “Today is a clarion call about where we’re going in the future,” said Wagner. The tobacco settlement sends $370 million a year to Pennsylvania – money that used to fund adultBasic and smoking cessation programs ... Jump to full article >>

Ruling on tobacco money goes too far

Tweet The Ohio Supreme Court ruled this week that Ohio’s transfer of $230 million that had been set aside for tobacco prevention programs was legal. But that doesn’t mean Ohio should have done so. The Ohio Tobacco Use Prevention and Control Fund was established in 2000 after a landmark settlement was reached between states, including Ohio, and tobacco companies sued over the effects of smoking. Ohio’s share was $10.1 billion, ac ... Jump to full article >>

Liberals push to widen ban on donations

Tweet The NSW Opposition Leader, Barry O’Farrell, has called for a ban on political donations other than from individuals after he was criticised by the state government and the Greens for continuing to accept money from tobacco companies. The Greens MP John Kaye has said he will seek to amend an election funding bill before Parliament to ban tobacco companies from making political donations in NSW. The amendment is supported by the Premier ... Jump to full article >>

Call for Liberals to kick tobacco money habit

Tweet A leading health expert has called on the West Australian Liberal Party to “quit” tobacco company donations after figures revealed they received $70,000 in the past five years. Donation figures published on the Australian Electoral Commission website show tobacco heavyweights Philip Morris and British American Tobacco Australia contributed $44,000 and $26,017 respectively to the state Liberal Party since 2004. Other major politi ... Jump to full article >>

Where should I invest my money?

Tweet In all the economic turmoil it’s tempting to hide your cash under the mattress. After a 16% fall in the FTSE in just one month, we explore the safe havens for your money, and how the bullish can best profit from a recovery. Homes for the pessimists Under the Mattress Probably not the best place. It doesn’t pay interest, inflation eats away at it, and, if you have a burglary, standard insurance only covers the first £500 stolen. ... Jump to full article >>