Fast Fact

Armand Biroonak's picture

CAF STAFF

Toxic Imports

American consumers are at risk from toxic imports. Just last year: 20 million toys from China were recalled, including more than 1.5 million toys covered with lead paint; 450,000 unsafe tires were recalled; four brands of toothpaste were recalled because of a toxic ingredient; and 5,300 product lines of pet food were recalled because they contained deadly chemicals that killed more than 4,000 pets.

Source
Ted C. Fishman, "Hidden culprit of product scandal made in China," USA Today. 2 August 2007. http://blogs.usatoday.com/oped/2007/08/hidden-culprit-.html
Armand Biroonak's picture

CAF STAFF

America for Sale

The American economy is increasingly in hock to foreign governments. China and the OPEC nations are setting up sovereign investment funds to buy up pieces of America. China recently bought a $5 billion stake in Morgan Stanley. Abu Dhabi bought $7.5 billion of Citigroup. Singapore paid $4.4 billion for a part of Merrill Lynch.

Source
"Of Sovereign Funds and Prairie Fires," New York Times. 21 February 2008. http://dealbook.blogs.nytimes.com/2008/02/21/of-sovereign-funds-and-prairie-fires/?scp=4-b&sq=foreign+investors+buying+america&st=nyt