Toy manufacturer Mattel takes ''full responsibility'' for three worldwide recalls involving more than 21 million toys, citing design flaws
Media Release
Sep. 21, 2007

U.S.-based toy giant Mattel issued an extraordinary apology to China on Friday over the recall of Chinese-made toys, taking the blame for design flaws and saying it had recalled more lead-tainted toys than justified.

The gesture by Thomas A. Debrowski, Mattel's executive vice president for worldwide operations, came in a meeting with Chinese product safety chief Li Changjiang, at which Li upbraided the company for maintaining weak safety controls.

Toy manufacturer Mattel takes 'full responsibility' for three worldwide recalls involving more than 21 million toys, citing design flaws
Media Release
U.S.-based toy giant Mattel issued an extraordinary apology to China on Friday over the recall of Chinese-made toys, taking the blame for design flaws and saying it had recalled more lead-tainted toys than justified.
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Dow 20,000 a reality now in two years time frame
Tania Abelson
The stock market never looked so good in the history of the mankind. Dow will take out 13,000 this week and 20,000 in the next two years. The Dow Theory signal is coming true.
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A strange correlation between capacity utilization and housing sector points to lower stock and real estate prices ahead
Sam Adelton
The stock market is still marching ahead with very high complacency as manifested by the VIX – the fear index in Wall Street. VIX fell below 10 last week!
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Copper and lumber predicting severe downturn in economy, real estate and eventual stock market collapse
Joe Weinman
Lumber and copper has fallen together every time when stocks and real estate crashed sown due to economic weaknesses.
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The dollar traded broadly higher against major currencies
Media Release
The dollar traded broadly higher against major currencies Tuesday, touching a one-week high versus the euro, after a report showed U.S. consumer confidence rebounded in September, helped by lower gasoline prices.
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Another sign of coming recession - a very early one from those feel the impact first
Tania Sorabji
Early signs of deep recession as investment bankers start cutting cost to survive the downturn - Credit Suisse take the lead. It is another sign of coming recession - a very early one from those feel the impact first.
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Oil, stocks and gold all will tumble because of US economy
Sam Adelton
The US economy is so weak internaly that oil, stock and gold can all collapse in a commodity deflation driven mega trend.
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Attorney Generals of California and other states dertermined to make sure HP leak scandal do not repeat again in other companies - indictments eminent
Media Release
HP lost close to 4.3% of the stock price today and experts say it can lose 30% very fast if things do not look better soon.
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