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Formal announcements and executions aside... |
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Written by Stumo
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Thursday, 19 July 2007 |
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Zheng Xiaoyu, head of China's food and drug agency, was executed on
July 10, 2007. His official sin was taking bribes to allow poison
food and killer drugs to get to market. The execution was publicly and
officially announced to show China is tough on crime and fraud.
They are changing... cracking down... things are better now.
His
real sin was getting his, and his country's, name in international
papers - casting a negative light on China. The death penalty it
is.
Before the headlines, Zheng Xiaoyu was revealed inside
China. In 2005. An anonymous internet post accused the
country's highest-ranking regulator of accepting a lakeside house and
hundreds of thousands of dollars from the Kangliyuan Group in exchange
for production licenses. China was furious, and could not find the
source. But, in their official fury, they jailed one person who found the post and re-posted the report to another site. Whistleblowers beware.
China approved 150,000 drugs
last year. The U.S. FDA approved 140. Think about this
number, and what "approval" means. Assuming a 200 day work year,
that is 7,500 drugs approved each day! You can mix eye of newt,
bat's wings, and lizard tails in a cauldron, submit for approval of the mixture as a new drug, and
have a good chance of being one of the 7,500 approvals on any
particular workday.
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In the news
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Today, the Labor Department reported the economy lost 84,000 payroll jobs in August, after losing 60,000 jobs in July. This was much worse than was expected, as the full weight of banking crisis, rising oil prices and imports from China drive up unemployment.
Unemployment rose to 6.1 percent from 5.7 percent in July. Factoring in discouraged workers, unemployment is closer to 7.7 percent.
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Read more...
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