Health insurers around the world collectively hold $4.5 billion worth of tobacco industry stock, according to a new study. The Consumerist has great highlights on the story, including this killer quote from the study's co-author, David Himmelstein, "[It's] the combined taxidermist and veterinarian approach: either way you get your dog back." Also: Toronto's Sun Life financial lied and said it didn't have any tobacco stock -- it has over $1 billion.
Why is it a big deal? "If you own a billion dollars [of tobacco stock], then you don't want to see it go down," says Himmelstein, "You are less likely to join anti-tobacco coalitions, endorse anti-tobacco legislation, basically, anything most health companies would want to participate in."...
But with $4.5 billion still invested in Big Tobacco, many insurers are reaping profits from a cancer-causing industry. As Himmelstein puts it, "Is this who we want running our healthcare system?"
BB pal Rob Walker says: My Significant Objects co-conspirator Joshua Glenn and I have started a new adventure: PROJECT:OBJECT will publish four “themed” volumes of stories-about-objects from an all-star cast of writers. Volume 1, POLITICAL OBJECTS launched today, with stories from Luc Sante, Lydia Millet, and Ben Greenman. This series will continue on HiLobrow through […]
If you’re a California state employee — including an employee in the UC system — no longer use California state funds travel to Kansas, Mississippi, North Carolina or Tennessee, or any state “that has passed a law that (1) authorizes discrimination based on sexual orientation, gender identity and gender expression, or (2) voids or repeals […]
Traditional folding wallets are designed for paper bills—but these days, carrying cash is rarely a necessity. More often than not, I don’t carry cash at all. This Bogui Clik Wallet is the best answer I’ve found for avoiding the hassle of those tight-fitting credit card pockets.This attractive, minimalist wallet features a protective lip, so my cards don’t […]
Using my iPhone while it’s charging is always a hassle. With tucked-away outlets and the meager length of included lightning cables, comfortable scrolling while plugged in is annoying. These 10-Ft MFi-Certified Lightning Cables are super convenient and probably the best iPhone accessory purchase I’ve made.At over three times the length of normal cables, these reach anywhere you […]
With countless applications for modern life, artificial intelligence (AI) is one of the most in-demand fields of study in tech. Beyond modelling human decision making processes and learning abilities, AI can be used to analyze massive volumes of data and create complex interactive systems.This Machine Learning & AI for Business Bundle made mastering these concepts possible for […]