Lying About Snus and E-Cigarettes Is Like Blocking Access to Clean Heroin Needles

In a blistering indictment of lying in the name of “public health,” two prominent tobacco researchers slam medical organizations and government agencies for suppressing information about the huge difference in risk between cigarettes and other nicotine products. Writing in The International Journal of Drug Policy, Lynn Kozlowski, a public health professor at the State University of New York in Buffalo, and David Sweanor, an adjunct law professor at the University of Ottawa, argue that a quasi-official “information quarantine” surrounding smokeless tobacco and e-cigarettes endangers people’s lives based on implausible utilitarian concerns coupled with “emotionally charged moral reactions” of “disgust and contempt.” 

Back in 2003, Kozlowski and another co-author looked at what the Centers for Disease Control and Prevention (CDC) and the Substance Abuse and Mental Health Services Administration (SAMHSA) were saying about smokeless tobacco, which is at least 50 percent and may be more than 90 percent less hazardous than cigarettes (depending on the diseases considered and the type of smokeless tobacco, with low-nitrosamine, Swedish-style snus the least dangerous). The CDC and SAMHSA, ostensibly devoted to educating the public about health issues, not only overlooked the huge difference in risk; they falsely claimed smokeless tobacco is just as dangerous as cigarettes. 

Last fall Kozlowski and Sweanor revisited the CDC and SAMHSA sites, and this time they also considered information presented by the Mayo Clinic, the National Cancer Institute (NCI), and the American Cancer Society (ACS). They found that the Mayo Clinic was still incorrectly telling people smokeless tobacco is no less dangerous than cigarettes, while SAMHSA and NCI provided “no cigarette-comparative risk information that might help correct public misunderstandings.” The ACS site was the best of the lot, saying “smokeless tobacco products are less lethal than cigarettes,” but it gave no indication of how big the difference is. 

This information quarantine seems to be pretty effective at keeping the public in the dark. Kozlowski and Sweanor cite an NCI survey that found just 13 percent of Americans know “some smokeless tobacco products, such as chewing tobacco, snus, and snuff, are less harmful to a person’s health than cigarettes.” Ignorance about the relative hazards of e-cigarettes, which are estimated to be something like 95 percent safer than the conventional kind, is also widespread, thanks largely to pronouncements from government agencies and anti-smoking groups that are unhelpful at best and downright false at worst. According to a 2015 Reuters poll, just 35 percent of Americans understand that “e-smoking is healthier than traditional cigarettes.” The rest, nearly two-thirds, either disagree with that statement or don’t know. 

“If science learned that one type of alcoholic beverage caused 3 in 5 regular users to die prematurely, losing 10 years of life, while another alcoholic beverage caused 95% or even 9.5% fewer premature deaths, consumers would want to know which legal product was which,” Kozlowski and Sweanor write (citations omitted). “It would be scandalous, even criminal, to keep such facts from consumers. Yet such facts are being kept from adult consumers of legal tobacco/nicotine products either by not informing or actively misinforming consumers. It is as if tobacco consumers were blindfolded and not allowed to see dramatic differences in harm from different products.”

The government not only refuses to tell people about the harm-reducing potential of smokeless tobacco and e-cigarettes. It will not let manufacturers of those products share this potentially lifesaving information. As Kozlowski and Sweanor note, the law that authorizes the Food and Drug Administration (FDA) to regulate tobacco products “forbids marketing by manufacturers of any reduced-harm product information unless it has been proven before marketing that such marketing will not have an adverse effect on population health, a near-impossible task, a barrier that no product has yet surmounted, and one not imposed on other FDA-regulated product categories.”

That standard means the FDA can censor truthful information about less hazardous alternatives to cigarettes based on worries about how some consumers might respond to the information. Maybe some smokers who switch to snus would otherwise have given up tobacco entirely. Maybe some people who otherwise never would have tried tobacco will start using snus. Maybe some of those people will move on to cigarettes. “Even if some smokers who switch to SLT [smokeless tobacco] do reduce their individual risk,” the CDC argued in 2003, “it is plausible that overall population health risk would increase if SLT were promoted as a potential reduced-exposure product.”

It is in fact not at all plausible. Given the huge health advantage of snus, there would be a net reduction in tobacco-related disease even if the entire population started using it, unless they subsequently switched to smoking. As Kozlowski and Sweanor point out, there is little evidence of such a “gateway” effect. “Theoretical concerns are not enough…to justify information quarantine,” they write. “Both a) evidence of a problem and b) evidence that the deception/evasion is important in dealing with the problem are needed.”

From a libertarian perspective, of course, the CDC’s concerns would not justify censorship and deception even if there were evidence to back them up. But the government’s current policy is misguided even by the paternalistic standards of “public health,” which allows withholding information when the benefits (including prevention of self-harm) are believed to outweigh the costs.

Kozlowski and Sweanor argue that “the demonization of tobacco/nicotine products and the tobacco industry may have distorted public health principles by acting as if all tobacco products should be banned.” They note that “a moral outrage has characterized views on tobacco which has been much greater than for other unsafe, legal and even illicit consumer products.” That emotional reaction explains why “harm reduction principles have been readily embraced for many decidedly unsafe commercial products (cars, pharmaceuticals, alcohol), and for behaviors often illicit or morally objectionable to others, yet cigarettes and tobacco have been treated quite differently.” 

Underlining that inconsistency, Kozlowski and Sweanor offer some provocative comparisons. “Telling consumers that all product options are as bad as cigarettes is untrue and almost certainly as deadly for users as telling at-risk populations that condom use affords no protection,” they write. Regarding the prohibitive requirements for marketing reduced-risk tobacco products, they say, “It is as if needle-exchange programs had to prove no negative public health effects before being implemented—while heroin given via dirty syringes was sold over the counter.”

It may seem hyperbolic to charge people like CDC Director Tom Frieden and celebrity physician Margaret Cuomo with the public health equivalent of discouraging condom use and blocking access to clean hypodermic needles. But the analogies are apt. If you want to curtail the spread of communicable diseases, easy availability of condoms and clean needles is a no-brainer. But if you want to discourage sex and heroin use, you may decide that making those activities safer is counterproductive. Public health officials and medical authorities who misrepresent the hazards of smokeless tobacco and e-cigarettes have made a similar judgment, and it is just as reprehensible.

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Watch Matt Welch Talk Wisconsin Primary and Beyond at 6:30 a.m. and 8:30 a.m. ET on Fox & Friends

As you know, #Bern-feelers and the #NeverTrumpers had a good primary last night in Wisconsin. But do they have any hopes beyond a contested contention at this point? And is the great Republican fracturing already a fait accompli? I’ll be on Fox & Friends at 6:30 and 8:30 a.m. ET discussing these and other questions about Election 2016.

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‘$5 Million Coin’ Now On Sale – One of Largest, Purest and Rarest Gold Coins In World

‘$5 Million Coin’ Now On Sale – One of Largest, Purest and Rarest Gold Coins In World

One of the largest, the purest and rarest gold coins in the world – the first ‘million dollar coin’ which at today’s market prices is valued at $5.36 million (USD), €4.85 million (EUR) and £3.8 million (GBP) has come on the market and is now on sale.

Million_Dollar_Coin_Mounties

Mounties Guarding The “$5 Million Dollar Coin” In The Royal Canadian Mint

 

There are only five of these majestic bullion coins, weighing 100 kilos or 3,215 troy ounces each in existence today. They were first minted by The Royal Canadian Mint in 2007.

One of these beautiful, ‘collector item’ and 99.999% pure gold coins has become available for sale and GoldCore have secured exclusive rights in the UK and Ireland for the sale of the rare coin.

The coins were minted by the world renowned Royal Canadian Mint, which operates world-class refineries, as well as minting Canadian bullion coin products including the popular Canadian Maple Leaf gold and silver bullion coins (0.9999 pure or 24 karat).

Coin Specifications

  • Face Value: $1,000,000
  • Composition: 99999 fine gold
  • Weight (troy oz): 3,215
  • Weight (kg): 100
  • Coins in Existence Worldwide: 5
  • Coins Currently for Sale Worldwide: 1

Her Majesty Queen Elizabeth II portrait on the obverse side is a work by celebrated Canadian portrait artist Susanna Blunt. The reverse features an elegant hand-polished maple leaf design by Royal Canadian Mint artist and engraver Stan Witten.

The 100 kg, 99.999% pure gold bullion coin with a $1 million legal tender face value was originally conceived as a unique showpiece. This incredible coin combines craftsmanship and artistry with the unprecedented technical achievement of 99.999% purity in gold bullion.

  • Incredibly Rare Gold Coin
  • Purest Gold in the World
  • One of Largest Gold Coins in the World
  • Own a Piece of History

There were only five made – all of which are in private hands. It is a collector’s item and commands a premium both for its gold bullion content but also for being incredibly rare.

Million_Dollar_Queen_Elizabeth

A piece of history – the Royal Canadian Mint’s unique, pristine and beautiful ‘100 Kilo’ gold coin – one of the largest, the purest and rarest gold coins in the world.

For more information, call GoldCore on 203 086 9200 (UK) or 302 635 1160 (U.S.)

www.GoldCore.com



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Brickbat: How Blue Can You Make Me?

The Little MermaidTo play an eel in a school production of The Little Mermaid, Olivia Shaffer, 12, asked her mother if she could dye her hair blue. Her mom checked the Orange County, Florida, school system handbook, found nothing against it and helped her dye her hair. But when Shaffer went to school, her principal told her she had to change back to her natural color or she’d be suspended. School officials say that though the district has no rules about student hair color, each school can design its own rules and the school Shaffer attends bans distracting hair colors.

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Free to Disagree at the Libertarian Presidential Debate: New at Reason

John Stossel writes about the Libertarian Party debate he hosted on his Fox Business Network television show Stossel:

“Should a Jewish baker be forced to bake a cake for a Nazi wedding?”

I asked that strange but important question during last week’s debate between three Libertarian presidential candidates. You can see the second hour of that debate Friday, on my Fox Business Network TV show.

If you’re disappointed by Democrats’ and Republicans’ eagerness to limit your freedom, I urge you to check out the libertarians.

The second part of the debate airs this Friday.

View this article.

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All Quiet On The Eurasian Front

Submitted by Pepe Escobar via SputnikNews.com,

So now Iran is back to being demonized by the West as “provocative” and “destabilizing”. How come? Wasn’t the nuclear deal supposed to have brought Iran back to the Western-concocted “concert of nations”?

Iran will once again be discussed at the UN Security Council. The reason: recent ballistic missile tests, which according to the West, are “capable of delivering nuclear weapons” – an alleged violation of the 2015 UN Security Council Resolution 2231.

In this photo obtained from the Iranian Mehr News Agency, Iranian army members prepare missiles to be launched, during a maneuver, in an undisclosed location in Iran

This is bogus. Tehran did test-launch ballistic missiles in early March. Supreme Leader Ayatollah Khamenei stressed missiles were key to Iran's future defense. Ballistic missiles have nothing to do with Iran’s nuclear program; and yet Washington kept bringing it to the table during the manufactured nuclear crisis.  

Russia knows it, of course. The head of the Russian Foreign Ministry’s Department for Non-Proliferation and Arms Control, Mikhail Ulyanov, once again had to go on the record saying the ballistic missile tests did not breach the UNSC resolution.

What else is new? Nothing. Washington will keep pressure on Tehran for a fundamental reason; the US did not get the natural gas commitments they were expecting after the nuclear deal. Iran privileges selling natural gas to Asian – and European – customers. Eurasian integration is the key.

South US Sea, anyone?

Pressure also runs unabated over China related to the South China Sea. Beijing is not exactly worried. As much as Washington and Tokyo ratchet it up, Beijing increases its footprint in the Paracels and the Spratlys. The meat of the matter though is further south.

For China, the key is non-stop smooth trade and energy flows through a maritime highway that happens to contain crucial choke points. These choke points – most of all the Malacca Strait – are supervised by Indonesia, Malaysia and Singapore.

China's amphibious ship Jinggangshan is seen during a coordination training with a hovercraft in waters near south China's Hainan Province in the South China Sea.

There’s absolutely no incentive for Indonesia to confront China. And Beijing for its part characterizes Jakarta as a peacemaking power. What matters for Jakarta is actually to boost maritime trade ties with Beijing. Same for Kuala Lumpur – even if Malaysia and China do have their not exactly apocalyptic South China Sea quarrels.

The (rhetorical) pattern from Washington spells out the usual, well, torrent of words. But what is the Empire of Chaos to do? A naval takeover of the South China Sea?  Order Indonesia and Malaysia not to further improve their own – mutually beneficial — economic ties with Beijing?  

Let’s keep rotating

Then there’s NATO. Many a key player across the Beltway is absolutely fed up with turbulent “NATO ally” Sultan Erdogan. Yet the impression is being created – by the Masters of the Universe lording over the lame duck Obama administration – that they are turning to Turkey to reinforce an already anti-Russian NATO, with the whole process covered up in “terrorist” rhetoric. The fact that Ankara is for all practical purposes blackmailing the EU is dismissed as irrelevant. This is a classic misdirection policy.

Yet it’s still unclear how “NATO ally” Turkey will keep acting in Syria, considering that Washington and Moscow may – and the operative word is “may” — have struck a grand bargain.

Paratroopers of the 173rd Airborne Brigade of the US Army in Europe
 

This does not mean that the pressure over Russia will be relaxed any time soon. The Pentagon announced it will be spending $3.4 billion on deploying hardware and hundreds of “rotating” US troops to Eastern Europe to counter – what else – “Russian aggression”. This after the Pentagon announced it will quadruple the funds for the so-called European Reassurance Initiative in fiscal year 2017, pending Congress approval, which is all but inevitable.

Moscow is not exactly worried. The US brigade will have about 4,500 troops. Then there will be a few Bradley fighting vehicles, Humvees,
Paladin self-propelled howitzers and perhaps, by 2017, a Stryker brigade. No air force. Perhaps the odd Warthog. This is basically window dressing to appease hysterical Baltic vassals.  

Now let’s sing Under Pressure

Pressure over Iran. Pressure over China. Pressure over Russia – which included the (failed) plot to destroy the Russian economy using the oil production of the GCC petrodollar gang even if that would mean the destruction of the US oil industry, against US national interests.

Syria has graphically demonstrated Russian military capabilities to the real rulers of the Empire of Chaos – and that has left them dazed and confused. Up to the Syrian campaign, the whole focus was on China, especially Chinese missiles that could hit US guidance satellites for ICBMs and cruise missiles, as well as Chinese ability to shoot down an incoming foe traveling at a speed faster than an ICBM. A silent Chinese submarine surfacing undetected next to American aircraft carriers compounded the shock.

Now the Masters have realized the Pentagon is even more incapacitated compared to Russia. So Russia, and not China, is now the top “existential threat”. 

Soldiers from NATO countries attend an opening ceremony of military exercise 'Saber Strike 2015', at the Gaiziunu Training Range in Pabrade some 60km.(38 miles) north of the capital Vilnius, Lithuania, Monday, June 8, 2015
 

Certainly if Poland, Hungary, Bulgaria, Turkey, not to mention France and the UK had any idea how far behind the Russians the US really is, then NATO might collapse for good, and the entire “West” would eventually shift away from Empire of Chaos hegemony. And if that was not dramatic enough, reality TV entertainer Donald Trump is emitting signs that the US should disassociate itself from NATO – imagine it dissolving under Trump rule, in parallel to the implosion/disintegration of the EU.

It may be enlightening to go back to what happened nine years ago, at the Munich security conference. Vladimir Putin already could see it coming, if not in detail at least conceptually. The inevitable geo-economic expansion of China via the One Belt, One Road (OBOR), the official denomination of the New Silk Roads – which are bound to unify Eurasia. The steady progress of the Shanghai Cooperation Organization (SCO), evolving from a sort of Asian economic/trade community towards a sort of Asian NATO as well. The success of the “4+1” coalition in Syria should be read as a precursor to the SCO’s increased international role.

What’s left for the Empire of Chaos in the Eurasian front is the wishful thinking of attempting to encircle both Russia and China, while both keep actually expanding all across the Eurasian Heartland, shedding US dollars and buying gold, signing a flurry of contracts in yuan and selling oil and gas to all and sundry. Under Pressure? Well, call it a song by Queen and David Bowie; It's the terror of knowing/What this world is about/Watching some good friends/Screaming, "Let me out!"

 


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The 50 Most Murderous Cities In The World

Brazil has been in crisis for some time now.

The country’s economy shrunk -3.8% last year, and its President, Dilma Rousseff, is holding on for dear life. Once chairman of Petrobras, the state-run oil giant currently engulfed in a colossal political scandal, she is now being threatened with impeachment just 15 months into her second four-year yerm.

Her approval remains at an all-time low of just 11%. The currency has halved in value since 2011, and the country’s credit has been downgraded to junk status.

However, as VisualCapitalist's Jeff Desjardins explains, it’s not only the economic and political spheres that are troubling in Brazil. The country also has the dubious distinction of being the world center for homicides. Today’s chart, from The Economist, shows the 50 most murderous cities in the worldand Brazil is home to a mind-boggling 32 of them.

The good news is that key cities, such as Rio de Janeiro, are on the lower side of the spectrum. That said, the host of the 2016 Olympic Games is barely safer than Compton, with a murder rate of 18.6 per 100,000 people each year.

The bad news is that Brazil now has more than 10% of all the world’s murders. While the murder rate has fallen in the largest cities around the country, it has picked up in many of the smaller ones. Cities such as Fortaleza or Natal are among the most violent in the world, with rates above 60 murders per 100,000.

 

Courtesy of: Visual Capitalist

 

Other Notes on the Study

The United States made the list with two of the 50 most violent cities: Baltimore and St. Louis.

Latin America was home to 44 of 50 of the cities. The only cities not in Latin America: Baltimore, St. Louis, Kingston (Jamaica), and Cape Town (South Africa).

Venezuela was omitted from these rankings because of highly inaccurate data, but Caracas and other cities in the country are known to be some of the most dangerous cities in the world.


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Cruz and Sanders Win in Wisconsin

CandidatesWisconsin’s primary today might be a big deal for anybody who is fascinated by the horseracy-ness of the march to the conventions. Or everybody wants us to think it’s important, anyway. There are 42 Republican delegates and 86 Democratic delegates. Wisconsin has a complicated delegate system you can read about here if you like.  Given that the Republican candidate needs 1,237 delegates and the Democratic candidate needs 2,383, it’s not actually going to change the current standings. The big question is whether Sen. Ted Cruz would get enough delegates to make sure that Donald Trump doesn’t hit that magic number and therefore guarantee a contested Republican convention.

Within 30 minutes of the polls closing, Cruz was projected the winner of the state, with Trump in second. Gov. John Kasich, the hero of a movie that exists solely in his own head, is in third.

On the Democratic side, CNN has projected that Sanders is the winner.

It so happens that Cruz and Bernie Sanders were leading in the polls, so there’s going to be a lot of “What does it mean?” analysis over the two frontrunners failing to run the front in this one state. Ultimately that means a lot of analysis on how Wisconsin voters reacted to events and policy proposals and little analysis of the policies themselves (What CNN has been saying in their exit polls is that Wisconsin voters weren’t terribly concerned about immigration issues but were concerned about the impacts of world trade).

Interested in anything more than simply the vote tallies? Here’s some recent posts at Reason exploring candidate policies, statements, and behavior:

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The ECB’s Monetary Policy Is Now Creating a Rush Into Derivatives

Submitted by Mike Krieger of Libertyblitzkrieg

The ECB’s Monetary Policy Is Now Creating a Rush Into Derivatives

One of the most catastrophic things central banks have done in the post financial crisis period is destroy financial markets. Investors are no longer investors, they’re merely helpless rats running around the lunatic central planning maze desperately attempting to survive by front running the latest round of central bank purchases.

While actual macroeconomic and corporate fundamentals do still exert influence on financial asset prices from time to time, the far bigger driver of performance over the past several years is central bank policy. To understand just how destructive this is, recall what we learned in last month’s post, Japan’s Bond Market is One Gigantic Joke – “No One Judges Corporate Credit Risks Seriously Anymore”:

TOKYO — Fixed-income investors in Japan are increasingly assessing bonds based on their likelihood of being bought by the central bank, rather than the creditworthiness of the issuers.

 

Still, the fund manager desperately wanted to get hold of the bond because he bets that debt issued by Mitsui and other trading houses will be picked up by the Bank of Japan in its bond purchase program.Even if an investor buys a bond with a subzero yield, the investor could sell it to the central bank for a higher price, the thinking goes.

 

It goes to show that no one judges corporate credit risks seriously anymore,” said Katsuyuki Tokushima at the NLI Research Institute.

As insane as it may be, investors now acknowledge that fundamental analysis is merely an afterthought when compared to the far bigger influence of central bank buying. While this destroys free markets, fuels malinvestment bubbles and rewards cronyism, it doesn’t stop central planners — it merely emboldens them. The latest example of such hubris was on full display last month when the ECB’s Mario Draghi increased QE by a third. Here’s some of what’s happened since.

From Bloomberg:

A rush for credit exposure in Europe is manifesting in the swaps market because investors are struggling to find enough bonds to satisfy their demand.

 

The European Central Bank’s plan to purchase corporate bonds is fueling demand for securities in anticipation of a rally when the purchases start. Investment-grade bond funds in euros had inflows each week since the ECB said on March 10 that it would expand measures to stimulate the economy. That’s already suppressed yields and made it harder to obtain the notes, making credit derivatives more attractive.

 

Wagers on European credit-default swap indexes have more than doubled since the ECB’s announcement. Investors had sold a net $25 billion of protection as of March 25, near the highest since at least December 2013 and up from $11 billion as of March 4, according to Bank of America’s analysis of data from the Depository Trust & Clearing Corp.

 

“There’s a dearth of bonds investors can get their hands on,” said Mitch Reznick, the London-based co-head of credit at Hermes Investment Management, which oversees $33 billion. “In this liquidity vacuum, managers can use credit-default swaps as a proxy for the bonds that they can’t obtain in order to get longer in credit.”

This behavior is a lot of things, but “investing” is not one of them.

“The quickest way to go long credit is by selling contracts tied to indexes in large size,” said Roman Gaiser, who oversees 3.5 billion euros ($4 billion) of assets as the Geneva-based head of high yield at Pictet Asset Management SA. “That’s easier than buying lots of individual bonds. It’s a quick way of getting exposure to credit.”

 

Gaiser said he increased a long position in European credit-default swap indexes after the ECB announcement.

 

Though the ECB hasn’t said which bonds it plans to buy, some investors are holding onto securities they expect to be on its list, according to Rik Den Hartog, a portfolio manager at Kempen Capital Management in Amsterdam. Kempen, which oversees about $5.5 billion of credit, sold bonds and derivatives on Italian utility Enel SpA last month because the default swaps paid almost three times the spread on the notes, Den Hartog said.

So “investing” has morphed into simply front-running the decisions of unelected central planners. That’s all there is to it, and while that’s disturbing enough, there may be another unappreciated angle to this mess. When QE was rolled out by Bernanke, many of us assumed that printing money to buy bonds would be immediately devastating for the currency in question. The current state of affairs makes me question whether this assumption still works going forward.

If investors are merely looking to front run central banks, you could make an argument that QE can strengthen a currency, at least in the short run, as global fund managers move into the QE producing nation’s currency in order to front run central bank purchases.

So in the short-term, will further QE weaken a nation’s currency or strengthen it? It’s an important question to ask in this increasingly twisted world of global finance.


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