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Imports beget new look at regulation |
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Written by Stumo
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Saturday, 15 September 2007 |
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* Low quality imports are one major factor driving quite a few industries to seek federal regulation
rather than oppose it. Voluntary industry standards mean nothing to
foreign companies sending in low quality goods at low prices. This
is a strange change showing turbulence in the views of CEO's these
days, which is probably turning many against the current failed trade
policies.
* The New York Times published two editorials on regulation. One calling for regulation of all toy imports, with a well financed regulatory agency. The other editorial
is poorly written, comments on the need to regulate all food and goods,
focuses upon food, but doesn't really say anything specific.
* Sherrod Brown, who won the Ohio Senate race on promises to fix trade policy, is calling for labeling of all food.
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We are now seeing substandard steel coming in. This is a major
problem. So far, the story is only in industry
publications. But if someone dies, on a collapsing bridge for
example, the whole thing will blow up.
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