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Negative vaping publicity
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clairebyrnelive@rte.ie would like your input, feel a hatchet job coming.
The way ithis is being promoted on twitter it looks like a hatchet job but thats the nature of promotion, make it as eye catching as posible.
I will be in the audience for this and may put my hand up.
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Dr Bill V1.5 wrote: »Just in case anyone has any doubts as to why all this is happening in the US.....
https://www.nytimes.com/2012/05/04/business/state-bonds-backed-by-tobacco-payments-in-jeopardy-of-default.html?smid=fb-share
Can't read it
, 0 articles remaining this month
But I'm wondering is it something to do with what I have been reading this morning about the MSA that states signed up to in 1998 ? and the selling of bonds on the strength of it ? .
From wiki :
Securitization
In the ten years following the settlement, many state and local governments have opted to sell so-called tobacco bonds. They are a form of securitization. In many cases the bonds permit state and local governments to transfer the risk of declines in future master settlement agreement payments to bondholders. In some cases, however, the bonds are backed by secondary pledges of state or local revenues, which creates what some see as a perverse incentive to support the tobacco industry, on whom they are now dependent for future payments against this debt.[55]
Tobacco revenue has fallen more quickly than projected when the securities were created, leading to technical defaults in some states. Some analysts predict that many of the bonds will default entirely. Many of the longer-term bonds have been downgraded to junk ratings.[56] More recently, financial analysts began raising concerns that the rapid growth of the electronic cigarette market is accelerating the decline of $97 billion outstanding in tobacco bonds.[57][58][59] States with large populations, such as New York and California, are affected to a greater degree than others.[59] Lawmakers in several states proposed measures to tax e-cigarettes like traditional tobacco products to offset the decline in TMSA revenue. They anticipate that taxing or banning e-cigarettes would be beneficial to the sale of combustible cigarettes.[58]0 -
Dr Bill V1.5 wrote: »Just in case anyone has any doubts as to why all this is happening in the US.....
www(dot)nytimes(dot)com/2012/05/04/business/state-bonds-backed-by-tobacco-payments-in-jeopardy-of-default.htmlCan't read it , 0 articles remaining this month
2014 www(dot)propublica(dot)org/article/how-wall-street-tobacco-deals-left-states-with-billions-in-toxic-debt
^^^ Is it even relevant to the issues today? ~~~ Vape Ban !?
May 2019: - Are vapers like you paying for lost tobacco revenue?
www(dot)ecigarettedirect(dot)co(dot)uk/ashtray-blog/2019/05/vaping-lost-tobacco-revenue.htmlMy answer is that vaping is a disruptive industry which threatens more than US$700 billion in tobacco revenues and US$250 billion in tax revenues. It’s inevitable there’s going to be opposition to vaping.
But I’m always uneasy this may be interpreted as a conspiracy theory. So to illustrate the scale of the problem, we decided to put some data behind the assertion.
The results are astonishing. Not only is vaping costing billions in tax revenue, it could force some of the very states that have lead the charge against vaping into effective bankruptcy.
....
While states in the US may be suffering from poor decisions around tobacco bonds, some of them are spending money on a campaign against vaping.
For example, while California is cash strapped, it did manage to find 75 million dollars to fund an award winning anti-vaping campaign with videos such as this one on teen vaping:
## I'm not affiliated with any store or review sites. ##0 -
Can't read it , 0 articles remaining this month
But I'm wondering is it something to do with what I have been reading this morning about the MSA that states signed up to in 1998 ? and the selling of bonds on the strength of it ? .
From wiki :
Securitization
In the ten years following the settlement, many state and local governments have opted to sell so-called tobacco bonds. They are a form of securitization. In many cases the bonds permit state and local governments to transfer the risk of declines in future master settlement agreement payments to bondholders. In some cases, however, the bonds are backed by secondary pledges of state or local revenues, which creates what some see as a perverse incentive to support the tobacco industry, on whom they are now dependent for future payments against this debt.[55]
Tobacco revenue has fallen more quickly than projected when the securities were created, leading to technical defaults in some states. Some analysts predict that many of the bonds will default entirely. Many of the longer-term bonds have been downgraded to junk ratings.[56] More recently, financial analysts began raising concerns that the rapid growth of the electronic cigarette market is accelerating the decline of $97 billion outstanding in tobacco bonds.[57][58][59] States with large populations, such as New York and California, are affected to a greater degree than others.[59] Lawmakers in several states proposed measures to tax e-cigarettes like traditional tobacco products to offset the decline in TMSA revenue. They anticipate that taxing or banning e-cigarettes would be beneficial to the sale of combustible cigarettes.[58]
Exactly
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India has banned the sale of all vaping products as a result of the '6 deaths in the US'. Please don't anyone think it's got anything to do with the fact that they are the world's 3rd largest tobacco producer.
It's still ok to smoke cigarettes though,only 900,000 people die from smoking related issues on a yearly basis.
The mind boggles
On a more serious note,this ban in India is going to have a huge impact on the Vaping industry, with that size of a market closed to the Industry it will suffer as a result. Have to admit I'm getting a little concerned with the speed that these bans are coming at 0 -
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Dr Bill V1.5 wrote: »India has banned the sale of all vaping products as a result of the '6 deaths in the US'. Please don't anyone think it's got anything to do with the fact that they are the world's 3rd largest tobacco producer.
It's still ok to smoke cigarettes though,only 900,000 people die from smoking related issues on a yearly basis.
The mind boggles
On a more serious note,this ban in India is going to have a huge impact on the Vaping industry, with that size of a market closed to the Industry it will suffer as a result. Have to admit I'm getting a little concerned with the speed that these bans are coming at
Sadly they have poverty on the streets, and child beggars and so on, but vaping ban is ok so.0 -
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Breaking News in the Last hour or so a case in Canada!?
First known Canadian case of vaping-related illness reported in London, Ont.
They state they know the product in use, but not releasing the details. Could have it been imported from the states?
No doubt, Canada next I suppose 0 -
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Spanish Eyes wrote: »Sadly they have poverty on the streets, and child beggars and so on, but vaping ban is ok so.
Sad to say but governments are loosing so much revenue from people switching to vaping that a vaping related death anywhere in the world was the excuse they needed to shut it down. Unfortunately that death occurred in a country where there is 0 regulation and the poor individual died as a result of vaping a contaminated juice purchased from a dubious source.
Instead of seeking clarification on the long or short term benefits of vaping which I as a vaper for almost 7 years would welcome they are now going to drive it into an 'underground' scenario where there will be no quality control and more people are going to suffer as a result.
It's a cynical move driven by greed and we all know who is going to be the biggest loser, Joe Public 0 -
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Dr Bill V1.5 wrote: »Sad to say but governments are loosing so much revenue from people switching to vaping that a vaping related death anywhere in the world was the excuse they needed to shut it down. Unfortunately that death occurred in a country where there is 0 regulation and the poor individual died as a result of vaping a contaminated juice purchased from a dubious source.
Instead of seeking clarification on the long or short term benefits of vaping which I as a vaper for almost 7 years would welcome they are now going to drive it into an 'underground' scenario where there will be no quality control and more people are going to suffer as a result.
It's a cynical move driven by greed and we all know who is going to be the biggest loser, Joe Public
This is the thing. Theres surely millions of vapers now who have been smoking for many years. Surely that's some sort of evidence that it works? We have less than a dozen dubious deaths and it is all condemned?0 -
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