This story will tell you abot famus writer Elfriede Jelinek, who was born in Mürzzuschlag, EC Austria. A feminist novelist, her books focus on the subordinate role of women in society and their economic and social dependence on men. In her earlier work, such as Michael. Ein Jugendbuch für die Infantilgesellschaft (1972), she used satire to expose the gap between media-inspired ‘reality’ and ordinary life. She also writes poetry and plays for radio and stage. Her farce Burgtheater (1984) caused a scandal, and in 1996 a ban was imposed on her work being performed. In 1998 she was awarded the Georg-Büchner-Preis, and received the Nobel Prize for Literature in 2004.

Read more about Elfriede Jelinek

U.S. cigarette manufacturers have the market power to pass through very substantial cost increases to consumers in the form of higher prices. The U.S. cigarette industry is a 4-firm oligopoly. No significant new competitors have entered the domestic market for over 40 years, and barriers to new entry remain high. There are no close substitutes for cigarettes as a product. Other tobacco products and current nicotine replacement therapies are only partial substitutes. The demand for cigarettes is inelastic. As a result, an increase in price will raise more revenue even though it causes consumption to fall. ¹ Historically, U.S. cigarette manufacturers have consistently passed on the costs of higher Federal excise taxes to their customers. ²

Read more about How Cigarettes Price Influence Cigarette Manufacturers Profits

Read more about Grammy’s 2008 classical nominations