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EDITORIAL: Wise Use Of Tobacco Funds [Source: Greensboro News Record] 

The Golden LEAF Foundation is spending North Carolina's tobacco settlement money precisely as intended.

Foundation members apparently have avoided the temptations that seduced many of their counterparts at the Tobacco Trust Fund - who seem mostly seemed interested in self-enrichment and prolonging the state's continued dependence on tobacco. Instead, they have chosen to invest in projects with the potential to diversify the state's economic base. . .

True, by targeting biotech for investment, Golden LEAF is not betting on a sure thing. But anyone following the stock market lately knows there are no sure things.

In such a climate, the foundation is giving North Carolina a much- needed economic shot in the arm - exactly as it was designed to do.

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