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Dennis Olson (IATP) on Farm Bill critics |
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Written by Stumo
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Wednesday, 15 August 2007 |
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Global Food Corporations Are the Real Beneficiaries of Current Farm Bill
By R. Dennis Olson, Institute for Agriculture & Trade Policy
Critics have a point in arguing that the recently passed version of the
Farm Bill in the House would continue some of the failed policies of
the past. Unfortunately, they miss the mark in charging that
family farmers are the primary beneficiaries of continuing the current
farm policy.
The real beneficiaries of the current agricultural deregulation policy
are global food corporations like Tyson, Cargill and ConAgra, whose
profits have steadily climbed since passage of the 1996 farm
bill.
(Hit "Read More" for more). *************
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Read more...
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Written by Stumo
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Wednesday, 15 August 2007 |
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This list is fully plagiarized from the Boston Globe today:
Aug. 8: Schylling Associates Inc. recalls 51,000 Thomas & Friends, Curious George, and Circus tops due to lead paint.
July 18: The Army & Air Force Exchange Service recalls about
13,000 Soldier Bear brand toy sets in the United States because of lead
paint.
July 5: Kipp Brothers Toys and Novelties recalls about 800 of its
Mag Stix Magnetic Building Sets because magnets could detach and cause
intestinal perforation or blockage.
June 13: RC2 Corp. recalls about 1.5 million Thomas & Friends
wooden railway toys in the United States because of lead paint.
May 30: Boyds Collection Ltd. recalls about 4,500 of the Eli's
Small Drums and the Liberty's Large Drums in the United States because
of lead paint.
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New York Times Editorial Board in denial |
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Written by Stumo
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Wednesday, 15 August 2007 |
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The New York Times Editorial Board is a major opponent of enforcing
trade rules. Any proposal to enforce rules are called, by the
Board, "protectionist" and an effort to "erect a barricade."
Their editorial today
shows the quandary they face between unthinking "free trade" advocacy,
and their concern for safety and economic strength. They denounce
the lack of quality in China, but say it is not in our interest to
start a "trade war."
Did someone propose a trade war? I can't recall that. Did someone propose "erecting barriers?" No.
But
we do propose enforcing rules prohibiting unfair trade practices and
neutralizing currency manipulation. We do propose eliminating the
mercantilist effects of border adjustable taxes used by more than 140
of our trading partners.
Can someone please join an intelligent debate, and graduate from junior high?
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46 million China-made Nokia batteries defective |
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Written by Stumo
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Wednesday, 15 August 2007 |
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The news keeps coming. Nokia now warned consumers that 46 million of its handsets contain defective batteries that coud overheat and even dislodge during recharging. They were made in China.
Nokia
has 38% of the world mobile phone market, and is the largest
manufacturer. This is not a recall, but an offer to replace the
batteries at no cost.
What is disappointing is what this suggests about the value
behind big brands, said Jim Murray, director of the European
Consumers Organization, a Brussels group that represents 40 national
consumer organizations. Nokia and Fisher-Price are brands whose
products we assume have high value. This shows companies must be even
more diligent in protecting the quality of their brands.
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Mattel's recall increases to 19 million toys |
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Written by Stumo
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Wednesday, 15 August 2007 |
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This is the biggest toy recall in history, 19 million toys by Mattel. Yesterday the recall was 9 million, but today we have more information.
Chinese-made
die-cast toy cars are covered with lead paint, 436,000 of them.
Another 18.2 million toys were recalled because their small magnets
could harm children if swallowed. They were made in China, but
apparently followed Mattel design specifications. About half the
toys were distributed in the U.S.
This is an interesting quote:
If I went down the shelves of Wal-Mart and tested everything, Im
going to find serious problems, said Sean McGowan, managing director
and the toy analyst at Wedbush Morgan Securities. The idea that Mattel
with its high standards has a bigger problem than everybody else is
laughable. If we dont see an increase of recalls in this industry,
then its a case of denial.
China's currency manipulation continues. It caused, in large part, a record high $21.2 billion U.S.-China trade deficit
in June. Poison people and pet food and dangerous toys are
ultimately a small part of the deficit. There could be shifts in
production from safety concerns, but the "China Price" continues to be
attractive.
Nonetheless, some U.S. manufacturers are seeing increased sales, especially in toys.
Shoddy standards and fly-by-night operations in China
produce poor products across the board. Clothes that rip at the
seams shortly after purchase, steel that does not meet generally
accepted standards, pesticides (like glyphosate) that are mixed in ways
that produce dangerous impurities, electric clock radios that break,
etc. We have purchased some of these products as consumers.
How much of this will cause a future consumer backlash?
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