business news in context, analysis with attitude

The New York Times this morning reports that “more than 700 tubes of toothpaste containing a chemical used in some antifreeze products have been removed from 6 of 120 stores inspected since July 2 … The chemical, diethylene glycol, has a sweet taste like its more expensive cousin, glycerin, and can cause liver and kidney damage.”

The tubes were counterfeit Colgate toothpaste, and reportedly originated both in South Africa and China.

The Times notes that Connecticut Attorney General Richard Blumenthal “is seeking to lead a coalition of states to protect consumers from defective or tainted products,” and that he called federal oversight policy on such imports one of “purposeful neglect.”
KC's View:
That noise you are about to hear is the stampede of public officials who are going to start believing that Country Of Origin Labeling (COOL) is an idea that makes sense.