It looks like the blood thinner heparin.  The molecule is very close.  But it is not heparin.  It is something else.  The FDA does not know what it is.  The liquid causes allergic reactions when injected your bloodstream through the catheter in your wrist, your arm or your chest. 

It is made in China.  A clear liquid.  With a "heparin" label on it.   

The FDA will apparently test all heparin imports.  All of them.

The Food and Drug Administration, in announcing that all heparin products entering the country had to first be tested, said it had secured a commitment from five manufacturers to test the products. The agency declined to name the five companies, nor would it say how many companies did not agree to test heparin imports. In such cases, it said, the drug agency would test the products itself. 

They don't even know where it came from.  But apparently some came from:

“material from an unacceptable workshop vendor.”

Workshops provide the material.  A workshop.  I have a workshop in my barn.  I don't make heparin there.  Guaranteed.

Erin Gardiner, a spokeswoman for Baxter, said the drug company had intended “to follow the supply chain as close as we could to the original source — the workshops.” But she added, “We have not been able to do so.”

Ms. Gardiner said Baxter did not have the authority to demand access to the workshops.

A South Korean author has researched the question.  

Again... the question is:  Has free trade ever ever worked?  The answer, No.

Henry Paulson - try to name a country that has developed under a free trade model, without protectionism.  You can't, can you.

NY Times editorial board - same question.  No response? 

The book is called  Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism.  The author is Ha-Joon Chang.

Here is the Amazon review:

During his childhood, Chang (Kicking Away the Ladder), a respected economist at the University of Cambridge, witnessed the beginnings of Korea's postwar economic miracle as Gen. Park Chung-Hee's dictatorship (despite its corrupt machinations) set the economic groundwork that would lift Korea out of poverty. Though Korea's strategies are heretical to first world, free-market economists, Chang argues that the world's wealthiest nations historically relied on the same heavy-handed protectionist approaches in their quests for economic hegemony. These wealthy, first world economies, which preach free market and free trade to the poor countries in order to capture larger shares of the latter's markets and to pre-empt the emergence of possible competitors are Chang's bad Samaritans. Chang builds his outsider stance through a history of capitalism and globalization and stories of other struggling countries' economic transformations. 

This from another reviewer of the book:

South Korea, according to Chang, got where it is through high tariffs, state-owned businesses, restrictions on foreign capital, budget deficits, low interest rates, tolerance of inflation, and a host of other practices that the International Monetary Fund (IMF), the World Trade Organization (WTO), and the World Bank wouldn't let a developing nation use today. What's up with that?

If confronted with these facts, the neo-liberals who dominate economics today would say that Korea is exceptional. But Chang retells the history of Britain and the United States to show that, contrary to their national myths, they too became rich through protectionism. In fact, Chang can find no example a poor country that achieved wealth through the IMF-endorsed policies of free trade, fiscal discipline, and government non-intervention.

The trouble with the U.S. is we're not bad samaritans.  We're bad political-economists.  America developed under rules based to benefit Americans.  Funny, huh?  Who woulda thought?  Ditto Great Britain.  Ditto China today. 

But the free trade policies end up gutting us.  Bleeding out major sectors of our economy.  Transfering democracy from our public legislatures to international tribunals and public/private committees of bureaucrats and transnational chieftains.  Transforming us from the world's biggest creditor to the world's biggest debtor.  Changing huge trade surpluses into the worst trade deficits in the history of the world.

I guess it doesn't work for either developing or developed countries.  Britain went free trade before us, and look where it got them.  A historical Disney theme park.  Cool phone booths.  Quaint cabs.  Soldiers wearing funny hats guarding the gates of a palace or two.

Especially deserving.  Chief executive Vicram Pandit was paid $216M overall in the last year.  Performance based?  Um, no.  Citigroup was among the top most stupid deal making banks in the subprime mortgage fraud that stripped away the patina of credibility in our trade-devastated economy.  And Citigroup had to beg Saudi Prince Alwaleed bin Talal to buy a chunk of it to prop it up.

But Patina deserves the money.  Its his piggy bank.  He's entitled to it.  I had some money in Citigroup, and it certainly was not my piggy bank.  My money is now elsewhere.

“It just looks funny. When you start making these retention grants, you have to wonder whether it is prudent or not,” said David M. Schmidt, a compensation consultant at James F. Reda & Associates. “It’s not clear that these were necessary to keep them in place.”

Yup. Looks funny. Might not be "prudent."

$216M.  That's the salary of 4,320 people at $50,000 each.  Assuming those 4,320 people are heads of household in, say, Western Pennsylvania, 17,280 people (family of four each) could have made better use of the money than Pandit did.

The State Department says China is no longer among the worst human rights violators.   Facts escape these guys.  Like when the federal government annually finds no evidence that China manipulates its currency.  Human Rights Watch says this:

"We and others have documented a sharp uptick in human rights violations directly related to preparations for the Olympics," said Phelim Kine, Asia researcher with New York-based Human Rights Watch.

And here are some nice examples of China's improving human rights record.

In the past week, Chinese police clashed with monks demonstrating for independence in Lhasa, capital of the remote mountainous region Tibet. Human rights activist Hu Jia, jailed after organizing a petition saying that Chinese wanted "human rights, not the Olympics," was informed that his trial on charges of subverting state power could begin as early as this month. A prominent human rights lawyer, Teng Biao, was abducted by the Beijing Public Security Bureau and then released two days later. ...

[A government report] It documents tightening controls on religious freedom in Tibet, where many monks view the exiled Dalai Lama as their spiritual leader, and in Xinjiang Uighur Autonomous Region, with its mostly Muslim population. It noted that the Chinese government continues to harass and arrest activists, writers and defense lawyers seeking to exercise their rights under Chinese law. It cited reports that 29 journalists and 51 cyber-dissidents and Internet users were in jail at the end of 2007.

Back to currency manipulation.  The best bill out there was drafted by Representatives Duncan Hunter and Tim Ryan, which declares currency manipulation can be countervailed.  Dark horse bills are ready to combat the Ryan-Hunter bills by allowing the Treasury Department to declare whether currency manipulation exists.  We see now why the administration (and probably any administration) cannot be trusted with this authority.