Category: Business

UK Intellectual Property Legal Framework. The Official Evaluation

A group of prominent British experts representing Cambridge University, Manchester University, and its UMIP branch in particular, focused on intellectual property management (widely known for its commercialisation projects) led by Professor Ian Hargreaves on behalf of Prime Minister David Cameron, conducted the study of the current state of affairs around the UK law on intellectual property. The Prime Minister stressed the importance of this study, expressing concern that the shortcomings of the legal system may hinder innovation and economic development. In May 2011, a detailed report was prepared – ‘Digital Perspectives: An independent review of intellectual property and development’. Additional materials that were collected during the investigation can be found there.

The main question posed by the scientists was the estimate of the legal framework. Indeed, the current British legislation negatively impacts economic growth and inhibits innovation. The conclusion contained a detailed overview of the main problems in the various areas of intellectual property and the 10 recommendations to address them. Especially a lot of attention was paid to the influence of the Internet and digital technology to turn creative results. The experts specifically debunk some myths entrenched in society: on the impact of piracy, ways of dealing with them and so on.

This report has been recognised as one of the most respected in their field. Since it is often referred to by experts and law enforcers, not only in Britain but also in many other EU countries. It seems that a brief review of its basic position is very useful for many people. (more…)

26 Jun 2015

Herbal Cigarettes Industry Contradictions At The Outset Of 2000s

In February 2000, in the monthly bulletin of news on policy abuses research carried out by Robert Wood Johnson Foundation, with reference to the Advocacy Institute, it was concluded that ‘herbal cigarettes are unsafe’, but popular among minors. The manuscript underlined that herbal cigarettes, marketed as a healthier alternative to tobacco and smoking cessation, are extremely attractive for young people. In the previous two years, the sales of such brands as Ecstasy rocketed to 350%. Ecstasy, Herbal Gold and the far-famed Magic ciggys come with ginseng, jasmine and heaps of other herbs in the composition, and therefore not subject to restrictions on sales to minors. Because teens tend to copy adults’ behavior, herbal cigarettes are a means to teach them to smoke, and the brand sophisticatedly promotes Ecstasy among teenagers.

On April 27 of same year, The Federal Trade Commission (FTC) of the United States issued a statement, indicating the nature of deceptive advertising of alternative cigarettes and required companies to designate herbal cigarettes harm to health.

In this statement, an official response to the actions of two businesses: Santa Fe and Alternative Cigarettes, in particular, states that manufacturers that produce alternative cigarettes, agreed to explicitly indicate ‘smoking herbal cigarettes is not safe for your health; the cigarettes are the source of tar and carbon monoxide’ signature on the packaging and advertising of herbal cigarettes. It should be noted that on some web pages touting herbal cigarettes, now the above-mentioned warning is also indicated.

Such instructions on the package may be excluded only if the data on research results showing that herbal smoking products do not cause any health risk is provided.

As stated by Jodie Bernstein, Office of Consumer Protection (FTC) director, this cigarettes type is promoted under the aura of ‘natural products’, but in fact they are neither healthier nor safer. Actually, there is no such thing as ‘safe smoke’; in the article on herbal cigarettes posted on (Natural Health Magazine) website, a digital herbal medicine treasury, boasting numerous articles on herbal medicine, it is argued that cigarette smoke, just like smoke of tobacco cigarettes , is a source of toxins, carcinogens, resins and carbon monoxide.

The outcomes of the affair

In addition, after FTC forced manufacturers to place warnings on cigarette packs and baned the packages indicating that ‘herbal cigarettes that do not cause a health risk that is associated with tobacco smoking’ as well as any other statements on health effects, until they are not supported by the research results, the initiative was supported by state authorities.

Following the FTC statement in May 2000, there have been reports that state legislatures began to unanimously put herbal cigarettes sales to minors under a ban.

In New York the Act on Prevention of adolescent tobacco use, in particular, in the 2002 version, says that salespeople do not have the right to sell tobacco or herbal cigarettes to persons under 18 years of age, otherwise they risk to be fined $2,500 and lose the certificate for trade in tobacco and herbal products, loss of license.


26 Oct 2014

When choosing between two alternatives – short term investments contra long term investments

Investing is a serious and responsible expression seeking to attain better results. It takes from you  a lot of creative thoughts, rational actions in planning an investment  strategy  in order to achieve the desired objectives. All the basic elements such as time span, kind of  business or capital size  are interrelated, though depending on the time you can better decide the alternatives that might prove to be more attractive and favorable. (more…)

19 Jun 2014