Insurance Industry
Back to Home > Monday, Sep 18, 2006 Business Posted on Mon, Sep. 18, 2006 email this print this
If you've wondered what ever happened to Bill Clinton, think philanthropy. sent staffer Bethany McLean along with Clinton on his July trip to Africa in the cause of the William J. Clinton Foundation. According to McLean, "This really is a new philanthropic model. No one else is doing what he does." As Clinton explains it, "We take a lot of cues from the business world. We have very entrepreneurial people and a very entrepreneurial process. We identify a problem, we analyze it, and we move."
Clinton said he has opportunities now that he didn't have as president. "The raw power of the presidency can be way oversold," he tells McLean. "There are limits to it."
Nicotine fiends barred by most places from smoking now have an alternative, courtesy of the tobacco industry -- snuff. says Philip Morris, the biggest cigarette company by revenue, and No. 2 Reynolds American are putting finely ground tobacco in inch-long pouches that can be placed between cheek and gum.
"The pouches eliminate the need to spit while delivering nicotine and flavors such as menthol before being discarded like a piece of chewing gum," Bloomberg explains.
Philip Morris introduced Taboka in July, and Reynolds American introduced Camel Snus in May. The motive of tobacco companies, of course, is to expand their markets now that U.S. cigarette consumption has fallen 22 percent since 1995. In that same period, snuff sales soared 27 percent.
One thing hasn't changed, however: Philip Morris' Web site reminds consumers that "the U.S. Surgeon General has determined that smokeless tobacco causes serious diseases such as cancer."
You can tune out all the scare talk about the oil peak, the notion that the world's petroleum supply is topping out and will not be able to meet soaring global demand, reports. "A successful test in a mammoth field deep beneath the Gulf of Mexico, announced on Sept. 5 by Chevron, Devon Energy and Norway's Statoil, should help put that scary scenario on hold for decades," the magazine says.
Of course, one huge oil reserve will not turn around the world's tight energy markets, even if it could rival the 1968 discovery of Prudhoe Bay and increase U.S. reserves by up to 50 percent. "But the capability to find and recover petroleum at extreme depths, temperatures, and pressures, as demonstrated by the Chevron team, may indeed tip the balance of supply and demand in the long term," says BusinessWeek.
Speaking of achievements, awards "corporate executive of the year" honors to Ronald A. Williams, chief executive and president of Aetna Inc., the largest U.S. health insurance provider. His performance since taking over in 2001 earned him the nickname "the turnaround king," reflected in the 600 percent increase in Aetna's stock price.
As sees it, CNBC financial anchor Maria Bartiromo "is arguably Wall Street's most famous face and television's best-known business interviewer," roles once held by the late Louis Rukeyser. That's quite an assessment given that her colleagues on the financial channel include evening anchor Lou Dobbs, stock picker Jim Cramer and financial adviser Suze Orman.
Bartiromo's most famous scoop, perhaps, was getting Federal Reserve Chairman Ben Bernanke to admit, at a Washington social event, that some of his recent public utterances had been misunderstood -- which sent stock prices sharply lower when it was broadcast.
This is cache, read story here
If you've wondered what ever happened to Bill Clinton, think philanthropy. sent staffer Bethany McLean along with Clinton on his July trip to Africa in the cause of the William J. Clinton Foundation. According to McLean, "This really is a new philanthropic model. No one else is doing what he does." As Clinton explains it, "We take a lot of cues from the business world. We have very entrepreneurial people and a very entrepreneurial process. We identify a problem, we analyze it, and we move."
Clinton said he has opportunities now that he didn't have as president. "The raw power of the presidency can be way oversold," he tells McLean. "There are limits to it."
Nicotine fiends barred by most places from smoking now have an alternative, courtesy of the tobacco industry -- snuff. says Philip Morris, the biggest cigarette company by revenue, and No. 2 Reynolds American are putting finely ground tobacco in inch-long pouches that can be placed between cheek and gum.
"The pouches eliminate the need to spit while delivering nicotine and flavors such as menthol before being discarded like a piece of chewing gum," Bloomberg explains.
Philip Morris introduced Taboka in July, and Reynolds American introduced Camel Snus in May. The motive of tobacco companies, of course, is to expand their markets now that U.S. cigarette consumption has fallen 22 percent since 1995. In that same period, snuff sales soared 27 percent.
One thing hasn't changed, however: Philip Morris' Web site reminds consumers that "the U.S. Surgeon General has determined that smokeless tobacco causes serious diseases such as cancer."
You can tune out all the scare talk about the oil peak, the notion that the world's petroleum supply is topping out and will not be able to meet soaring global demand, reports. "A successful test in a mammoth field deep beneath the Gulf of Mexico, announced on Sept. 5 by Chevron, Devon Energy and Norway's Statoil, should help put that scary scenario on hold for decades," the magazine says.
Of course, one huge oil reserve will not turn around the world's tight energy markets, even if it could rival the 1968 discovery of Prudhoe Bay and increase U.S. reserves by up to 50 percent. "But the capability to find and recover petroleum at extreme depths, temperatures, and pressures, as demonstrated by the Chevron team, may indeed tip the balance of supply and demand in the long term," says BusinessWeek.
Speaking of achievements, awards "corporate executive of the year" honors to Ronald A. Williams, chief executive and president of Aetna Inc., the largest U.S. health insurance provider. His performance since taking over in 2001 earned him the nickname "the turnaround king," reflected in the 600 percent increase in Aetna's stock price.
As sees it, CNBC financial anchor Maria Bartiromo "is arguably Wall Street's most famous face and television's best-known business interviewer," roles once held by the late Louis Rukeyser. That's quite an assessment given that her colleagues on the financial channel include evening anchor Lou Dobbs, stock picker Jim Cramer and financial adviser Suze Orman.
Bartiromo's most famous scoop, perhaps, was getting Federal Reserve Chairman Ben Bernanke to admit, at a Washington social event, that some of his recent public utterances had been misunderstood -- which sent stock prices sharply lower when it was broadcast.
This is cache, read story here
