business news in context, analysis with attitude

• In the UK, the Independent reports that Tesco CEO Sir Terry Leahy has said that he will support legislation that would create a government “supermarket czar” that would oversee and guarantee that relations between retailers and manufacturers are fair and equitable. According to the story, such legislation will not be needed if all of the UK’s major grocery chains agree to the creation of such a position…but in the event that such unanimity can’t be achieved, Tesco and Leahy seem willing to accept the inevitability of such a position.

USA Today this morning reports that the US Food and Drug Administration (FDA) is considering the loosening of restrictions on seafood imported from China, saying that audits of Chinese seafood processors show that controls and quality have improved.

The FDA decided to limit such imports after it was discovered last year that a number of seafood products contained chemicals that are banned in the US.

• The Atlanta Journal-Constitution reports that Whole Foods plans to sell “Earth-friendly” toys during the 2008 end-of-year holiday season - in part a reaction to concerns that emerged last year about lead and other carcinogens in imported toys.

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