Most Popular
From A to Z
Other Products
Price Range
cigarette type
CIGoutlet Tobacco News
American cigarette manufacturers have filed a lawsuit against the FDA.
The largest US tobacco companies filed a lawsuit in the US District Court for the District of Columbia against the Federal Office of the Food and Drug Administration (FDA).
read more ...05/04/15
Interesting facts about cigarettes, countries - tobacco leaders.
Every minute in the world are sold about 8-10 million cigarettes and daily 13-15 billion cigarettes.
read more ...04/01/15
Anti-smoking campaigns run to extremes.
It is strange to what can bring the foolishness of anti-smoking crusaders in their attempts to impose all the rules of a healthy lifestyle, even if they lead to a violation of all norms, artistic freedom and civil society.
read more ...03/03/15
Orange Cty, Calif., to consider tobacco bond deal


Orange County Calif., is set to consider a plan to use its share of the national tobacco settlement to retire $1 billion in bankruptcy debt and build a new jail, a top county official said Thursday.

Gary Burton, the county's chief financial officer, said he will present the plan to the Board of Supervisors at a meeting on October 20. ``What I was recommending is that initially the tobacco settlement money that comes in be utilized to reduce debt,'' he said in a telephone interview. ``And after the debt has been removed then the possibility of utilizing it, perhaps securitizing it in order to have the capital amount to construct a jail.'' Orange County filed for bankruptcy protection in 1994, after the county's investment pool suffered losses of more than $1.6 billion in a wrong-way bet on interest rates made by former county Treasurer Robert Citron. It was the largest municipal bankruptcy in U.S. history. Orange County is set to receive an estimated $30 million to $38 million a year as part of the 25-year, $206 billion settlement reached last November between the tobacco industry and 46 states. But Orange County Treasurer John Moorlach said if the county does issue tobacco-backed bonds then it had better move cautiously to ensure the county is not left open to lawsuits if the tobacco money ever dries up. ``My posture is wait and see how this revenue stream comes along,'' Moorlach said in a telephone interview. ``It's not an income stream where we have a sense of control.''

<< Prev CIGoutlet.NET News Home Next >>