What Happened: On this day in 1964, the U.S. government issued its first health warning against cigarettes.
Where Was The Market: The S&P 500 traded around 76.45, and the Dow traded near 766.08.
What Else Was Going On In The World: A pack of cigarettes costs about $1.60, or 1.4 hours of labor for minimum wage ($1.15) workers.
The First Onslaught: The Surgeon General of the U.S. Public Health Service published the first of many advisories on the potential hazards of smoking. A scientific literature review revealed causality between cigarettes and chronic bronchitis, lung and laryngeal cancer in men, and lung cancer in women.
The report sparked yet-ongoing government intervention in the American tobacco industry. Over the course of the next few years, Congress adopted the Federal Cigarette Labeling and Advertising Act of 1965 and the Public Health Cigarette Smoking Act of 1969 to regulate the tobacco industry’s promotional strategies…CLICK for complete article
All the best for the holidays from Mike and the whole team at MoneyTalks. And we offer up our hopes for a safe and prosperous 2021. We’ll be back updating the site next week.
During the Spanish flu of the early 20th century, people were fleeing big cities trying to escape the virus, just as the wealthy of London did during the 16th-century plague … and just the wealthy of New York City in 2020’s COVID-19 pandemic. They fled the city and headed to the suburbs, or even more rural areas, with New York Governor Andrew Cuomo warning about the city’s density when it first went into lockdown in March. “There is a density level in NYC that is destructive. It has to stop and it has to stop now. NYC must develop an immediate plan to reduce density,” Cuomo Tweeted.
Similar to many end-of-the-world movies, the pandemic has caused a large number of urban residents to move out of the cities to rural areas or the suburbs…CLICK for complete article
Political polarization is ruining Thanksgiving family dinners, though last year’s Cannabis-infused gravy trick was one remedy whose creator promised that holiday cheer would wash over imbibers in just under 15 minutes. But we’re way beyond just cannabis-infused gravy now.
This year’s Green Wednesday, which took place the day before Thanksgiving, saw the legal weed industry offer discounts across the board.
The result? A major spike in sales for companies in this industry as high as 350%.
It’s possible you’ve never heard of “Green Wednesday” before. But it goes back seven years, and its success was handily predicted by research firm Headset, which tracks weed sales.
The firm’s most recent report, released just ahead of the holiday, said that this Thanksgiving would be unlike any other that came before.
“With millions of Americans being asked to stay at home for the holiday, frankly, what else is there to do?”
Jane Technologies, an online cannabis marketplace, registered a 241% increase in online sales this Green Wednesday, compared to last year. Online sales also increased by an average of 271% compared to last year….CLICK for complete article