27 June 2007

Tobacco Bonds

In this story from The Associated Press, I tried to provide some context to the recent $807 million tobacco bond deal that was made final Tuesday. I consulted the National Association of State Retirement Administrators to see how the influx of cash would improve the funding ranking of the teacher pension plan.

I also spoke to Attorney General Darrell McGraw, who made West Virginia just the third state to file the sort of lawsuit that resulted in the historic, multibillion-dollar settlement with the tobacco industry.

MetroNews covered the Tuesday event as well, as did The Charleston Gazette.

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