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the art of deregulation

Made in D.C. With Bad Trade Policy

The toy import safety crisis did not happen over night, and it did not come out of nowhere. But Congress - and a future president - can turn the situation around by renegotiating decades of bad trade policy so that it serves the public interest and protects our kids.” - Lori Wallach, Director of Global Trade Watch Although China and inadequate U.S. safety systems are often blamed, U.S. toy corporations’ decisions to shift production to countries without adequate safety systems - and trade policies companies pushed through Congress that limit import safety standards and inspection - are the root causes of the imported toy safety crisis, according to a report released today by Public Citizen. Improving toy safety will require changes to trade policy as well as U.S. product safety policies, the report concludes. The new report also provides information for concerned consumers about what they can do to protect themselves from dangerous imports.  Read the full report here.

the art of regulation

Poker-faced Enzyte maker caught bluffing

The man behind Enzyte is facing more than 20 years in prison and millions in forfeited revenue after a federal jury found him guilty Friday of conspiracy to commit mail fraud, bank fraud and money laundering. You might remember the “natural male enhancement” pill from its creepy Smiling Bob ads. And while whistling and painful grinning might not be illegal, false advertising and unauthorized charges sure are. According to the Associated Press, “Prosecutors claimed customers were bilked out of $100 million through a series of deceptive ads, manipulated credit card transactions and the company's refusal to accept returns or cancel orders.” Steve Warshak, the founder and president of Enzyte distributor Berkeley Premium Nutraceuticals, was convicted along with his mother. Via Consumerist. —Posted by David Griner & the Girl next door

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