Some recent news:
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Plastic Bombastic In Everything You See -- In Your Soup, In Your Turkey Dinner, Even In Your Tea:
Like the San Francisco Chronicle before them, the Milwaukee Journal Sentinal recently sent some plastic products to the lab for independent testing. In 2006, the Chronicle reported the bisphenol A and phthalate lab analysis results for a couple of dozen toys it had tested at an independent lab.The Chronicle's lab found that toys like a rubber duck, a Baby Einstein rattle, and a Goldberger doll had high levels of phthalates or BPA.
The Milwaukee Sentinel sent products labeled "microwave safe" to a lab to see if the plastic products leached BPA. They did. The American Chemical Council denied the results of this study (and hundreds of others), saying there's no research whatsoever that shows anything bad about BPA.
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Plastic Classics:
900,000 pounds of Lean Cuisine frozen chicken dinners will be recalled by Nestle Prepared Foods Co. because customers found chunks of blue plastic in Cafe Classics Pesto Chicken with Bow Tie Pasta, Spa Cuisine Chicken Mediterranean and Dinnertime Selects Chicken Tuscan. A USDA spokesperson warned that "a piece of plastic could cut your mouth, it could scratch your throat."
Consumers are left to speculate about what happened as they toss their TV Dinners and pull into the Old Spaghetti Factory. Did someone on the assembly line pull the blue dye lever instead of the green one that gives that authentic look to the oregano and basil flecks? Nestle traced the plastic to one mean Lean Cuisine facility but hasn't divulged what piece of machinery dissassembled into their cuisine.
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Melamine and Me:
While the US lambasts China for a regulatory system that allows melamine into the food chain, the New York Times reports that melamine is all around us in products made in the US, cleaning products, plywood, plastics, ink and paint all contain melamine. However yes, the author concedes, "[t]o be sure, in China some food manufacturers deliberately added melamine to products to increase profits."
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FDA in China: "An Ant Standing Against a Flood":
That's what one company executive told the Washington Post in response to news that the FDA is opening offices in three cities in China to more closely oversee some of the regulation functions. The agency will post thirteen inspectors to the country this week.
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There's Research...Then There's "Research":
The Federal Reserve Bank of Philadelphia surveyed 51 economic forecasters who unanimously conclude that the United States is in a recession. The gloom and doom predicted by economists however, isn't matched with by stock analysts research according to a report by Thomson Reuters Starmine.
US analysts rated 48.6% of the stocks they cover as "buy", compared to 49% last year. Only 6.7% of US analyst ratings were sell, the lowest of all countries surveyed, and the rest -- about 45% were "neutral" or "hold." According to the Financial Times article which reported on the overly "rosy" predictions, William Herkelrath, StarMine's US sell-side specialist said: "'the use of the word 'neutral' here really does mean: 'stay away.'"
