Big cola stocks did just fine on a day the New York City Board of Health ruled that it should keep people from buying sodas and other sugary drinks it deems are too big to be purchased and consumed.
The ban, strongly supported by New York Mayor Mike Bloomberg, who has made public health a key issue of his three-term administration, was approved by the city health board Thursday. The vote was 8-0 in favor of the size restriction, with one member abstaining. The ban, if enforced, would cover sweet drinks of more than 16 ounces in many places other than grocery stores or convenience marts.
While the mayor clearly was pleased with the passage, it should be noted that plenty of folks think the ban is too intrusive.
"It's sad that the board wants to limit our choices," Liz Berman, chairwoman of New Yorkers for Beverage Choices, said in a statement to Reuters. "We areRead More »from Cola Stocks Overcome Bloomberg’s Big Soda Ban