Wednesday, September 5, 2007

ABC News: Mattel Recalls 800,000 Lead-Tainted Toys

ABC News: Mattel Recalls 800,000 Lead-Tainted Toys:

"Mattel Inc.'s reputation took another hit after the world's largest toy maker
announced a third major recall of Chinese-made toys in little more than a month
because of excessive amounts of lead paint. "


Makes you nervous to ever see kids chewing on their toys doesn't it. China will get through this, it has gone through a huge amount of growth, faster than the country could regulate, and faster than monitoring could catch up. My prediction is that China's government is going to start cracking down, the growth rate appears to have settled down some. Rapid growth means lots of easy money, which will attract those who are unscrupulous. As the market slows, and solid companies grow, these weaker companies will be forced out, and regulated out.

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