Thumb's up: Teachers Retirement System board's rejection of a proposal to change the guaranteed cost of living increases.
It's been more than two weeks since America elected its first African-American president, and the excitement is still running high. But that wasn't the only major story to develop on Election Day. A hotly contested ballot initiative to squash gay marriage in California was also approved, and gay rights supporters are not taking the defeat quietly.
In the late 1990s the world of Big Tobacco was under a full-scaled siege. Attorneys general from 46 states were leading the charge. In 1998 the largest settlement in history was reached. To escape litigation from every corner, the top companies, Brown & Williamson, Lorillard, Philip Morris, R.J. Reynolds, Commonwealth Tobacco and Liggett & Myers, agreed to pay $206 billion over the 25 year term of the master settlement agreement.
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