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Across five categories analyzed by the American Lung Association, New Jersey earned two "F" grades

Or to distil this into to a package-size label: "Warning: enlisting Congress to put ambiguous declarations of danger on products will achieve nothing while simultaneously shielding the companies responsible." Stephen Mihm is a professor of history at the University of Georgia and the coauthor of "Crisis Economics: A Crash Course in the Future of Finance." Disclaimer: This article first appeared on Bloomberg, and is published by special syndication arrangement.

Today, CAO is owned by tobacco conglomerate General Cigar Company

Food and Drug Administration, Tobacco Products Scientific Advisory Committee