british american tobacco investors British American Tobacco: Disappointing Investor

The New York Times reports today: The proposal, which officials said [Governor] Paterson would include in an emergency budget bill due for a vote on Monday, would also raise wholesale taxes on other tobacco products like chewing tobacco, bringing the tax on those products closer in line with those of cigarettes

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Urbanization creates concentrated markets of economic activity, higher wage jobs and diversified retail ecosystems

In practice, how cigarette ingredients affect taste comes down to: The leaf chemistry (sugars vs alkaloids) Added solvents or humectants (glycerol, propylene glycol) Flavouring molecules (menthol, fruit esters, vanillins) Processing (curing, fermentation, and reconstitution) Moisture Content And Storage: Freshness Matters A cigarettes moisture level alters both burn and flavour