This is a very balanced article highlighting why the risks of eating processed meat such as bacon, are relatively small. It\'s important to remember that most news reports talk about \"relative\" risk, rather than absolute risk.
What does this mean? Say the absolute risk of developing an illness is 4 in 100 in non-meat eaters. Say the relative risk of the disease is increased by 50% in meat eaters. This 50% increase relates to the 4 people - so the absolute increase in the risk is 50% of 4, which is 2! So, the absolute risk of developing this disease is 6 in 100.