Tag Archives: American South

A Close Look at Two Industries That Changed the World

By Alex Planes, The Motley Fool

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On this day in economic and financial history…

Spanish physician Francisco Fernandes became the first known European to introduce tobacco to the Old World on March 5, 1558. Christopher Columbus had known of the plant, and a member of his crew had returned with a small personal supply. However, Fernandes was the first to return with live plants and seeds after a journey to Mexico. Tobacco soon made its way around the continent. A year later, French ambassador Jean Nicot sent a supply of seeds to the French queen, who rewarded him by naming the plant after him: nicotiana, which you should recognize as the linguistic progenitor of nicotine. By the 17th century, tobacco smoking was a fashionable pastime, and demand for its cultivation soon led to the rise of plantation culture in the early American South, particularly in Virginian colonies. Today, American tobacco farming is centered in Kentucky and North Carolina, which together account for 71% of the tobacco grown in the United States.

Today, tobacco is both a hugely successful global industry and a deadly global health problem. The Tobacco Atlas, a joint publication of the American Cancer Society and the World Lung Foundation (no friends of the industry), notes that the industry earned $35 billion in profit and caused nearly 6 million related deaths in 2010, with 1.2 million of those deaths occurring in China. Philip Morris International was the leading manufacturer by volume and the most profitable publicly traded tobacco company in the world that year, but the state-owned China National Tobacco earned more than twice Philip Morris‘ profit on just 35% more revenue. Controlling the monopoly on addiction in a country with more than a billion people can easily create incredibly profit.

Tobacco companies have been under siege in the U.S. for decades as waves of litigation, regulation, and antismoking campaigns have given the industry a black eye. Yet Philip Morris International focuses on overseas markets, where business prospects generally look brighter. Investors have been happy with its stock‘s performance, but is Philip Morris still a buy? Find out in The Motley Fool’s premium research report on the company, which includes in-depth analysis of its opportunities and challenges ahead. To claim your report, along with a year’s worth of analyst updates covering key developments, just click here now.

Traveling the path to profit
Travelers is the result of the merger of two old insurance companies: St. Paul Fire and Marine Insurance and Travelers itself. St. Paul, the elder of the two companies, was founded on March 5, 1853, in the city that gave it its name. There was little competition in the Minnesota Territory (it did not become a state until 1858) when territorial secretary Alexander Wilkin brought 16 other businessmen together to found the company, and in fact there was relatively little risk in the business — it would be two years before …read more
Source: FULL ARTICLE at DailyFinance

Preserving Liberties And Protecting Schoolchildren

By Anna Bryson

School1 Preserving Liberties And Protecting Schoolchildren

(Editor’s note: this article originally appeared at ThoughtfulWomen.org)

I am currently an elected school-board trustee of the tenth largest school district in California. I have served as trustee since December of 2006, and I am currently clerk of the board and have previously served as president and vice president. Our governing board has responsibility for more than 51,000 students and 3,900 employees on 55 campuses in seven cities.

My father and uncle were Air Force generals, so I grew up in a household of gun owners. My father hunted game all over the American South; and while serving as a diplomat, he hunted wild boar in Italy and, with my brother, hunted big game in the Amazon basin of South America. In our house, when I was growing up, hunting rifles and shotguns were kept in a locked case; but my father also kept a personal handgun in our home for our protection. At age 16, I was taught by a firearms professional to shoot a pistol. I am a life member of National Rifle Association and a family member of the California Rifle and Pistol Association, but I evaluate each firearms proposal on its merits.

On Dec. 14, 2012, a mentally-disturbed young man in Newtown, Connecticut murdered his mother and removed her weapons from their home. He then went to Sandy Hook Elementary School and proceeded on his evil course: He pulled the trigger time after time, slaughtering 20 first graders and six adults. This was the greatest tragedy in an elementary school in American history and one of the greatest single tragedies in American history. As the mother of two daughters (one of whom has been a schoolteacher in three states) and grandmother of five grandchildren, I know and share the strength of the love we have for our children and how highly we regard our teachers.

Americans have seen terrorists hijack airplanes to hold planes and passengers for ransom. We have seen, on Sept. 11, 2001, hijacked airplanes turned into guided missiles aimed at our office buildings. To guard against this, we now have armed federal marshals and armed pilots on various passenger flights. My son-in-law is a pilot for a major passenger airline and is federally authorized to be armed in the plane’s cockpit.

But most of our public schools are gun-free zones, and people who would do evil are aware of this. Why should evildoers have a sense of comfort and unchecked power when they go on a school campus?

Wouldn’t it be better if they were wondering: Is there someone here who might stop me in my tracks before I can carry out my self-glorifying destruction?

It is a shame that we live in a time when such puffed-up viciousness is in the news. Self-absorbed people filled with spite and malevolence sometimes start attacking other people. Such twisted massacres are unpredictable and not easy to fathom. But we can learn about such self-glorifying destruction from Milton on the rebellion in Heaven and in the novels of Dostoevsky.

Strong local communities and strong families can help parents bring up decent children. We need social respect for authority based on wisdom, experience, and expertise. We need a society that upholds self-help, self-discipline, and the work ethic and does not celebrate antisocial deeds and the violent enemies of normal life. We need widespread recognition of the values taught by religion and ethical philosophy.

But even in a strong, healthy society, evil will sometimes rear its head. Sometimes evil people will obtain weapons – as in this case, when a young man killed his own mother and stole her legal weapons.

Sadly, I am only too aware of threats to children in schools. In our school district, we have sheriff’s deputies who carry weapons at various schools. Our superintendent and security administrator are reviewing our options for the future. Just after New Year’s, I was at a firing range in Orange County. One-fifth of the newly interested women who were there for instruction were teachers. At the same time, I have received communications from some constituents – teachers and parents – who are concerned about an expansion of the carrying of arms on campuses. My constituents deserve to have a careful consideration of all options in these difficult times.

I am a strong believer in the Second Amendment. The war for American independence began when “embattled farmers” fired shots “heard round the world.” The British colonial rulers tried to confiscate the guns of people living in and around Boston. George Washington and the American Revolutionary army were familiar with firearms and owned guns. Our constitutional Republic came after the war was won by an experienced armed citizenry. The Founders knew that we as individuals have the right to protect ourselves with appropriate tools for the job.

At the same time, I am an elected leader of a local school district. We have 15 thousand school districts in the United States. Families often can move from one district to another district they like better. By doing different things in different districts, political leaders are able to try out new policies and match policies to the preferences of voters. But a uniform solution imposed on every school in the country would get rid of the advantages and dynamism of competitive federalism. Some people have advocated a one-size-fits-all policy of disarmament or a one-size-fits-all policy of armed guards (or armed teachers or parents) in every school. Such uniformity is wrongheaded and unwise. It makes more sense to change federal and state policies to allow local districts the latitude to apply a variety of local solutions.

We must recognize that though we strive to raise decent children in our families and neighborhoods, some few will still go astray. We must protect innocent people as best we can against renegades and marauders. We must preserve our rights and try local solutions, not sweeping utopian schemes. Only in this way will we preserve the families and friends that we love and the liberties we cherish.

Anna Bryson 150x150 Preserving Liberties And Protecting Schoolchildren Anna Bryson lives in Laguna Niguel, California and is an elected trustee of the Capistrano Unified School District in south Orange County. The views expressed here are her own and do not represent official views of the school district.

Photo Credit: kjarrett (Creative Commons)

Source: FULL ARTICLE at Western Journalism