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Friday, April 21

Living the MSA

If you ever want to get a scary, close-up look of what happens when big business meets big government, take a look at the Master Settlement Agreement between the cigarette companies—RJR, PM, et al.—and the states’ attorneys general.

It’s an amazing document, one that we’ve written about and will continue to write about for years to come. The latest battle is over the major cig companies’ claims that their market share has dropped so their payments ought to drop as well.

There’s a lot of money at stake. One clue: The state allocation percentages of exhibit A. The shares are calculated out to 7 percentage points.  N.C.’s share is 2.3322850%. 

LAX and the NYT: Interesting piece in Slate magazine about how the New York Times has been covering the rape charges involving members of the Duke Lacrosse Team.

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