The original comes from:
http://www.studentpost.com.tw/news/ Chinese products Special
inspection mechanism needed for Chinese products
The government should create a multitiered inspection mechanism for Chinese commodities after the
recent
import of tainted milk powder from China exposed flaws in the existing system, a Consumers
Foundation (CF)
inspector urged on Sept. 15.
Twenty-five tons of milk powder from China apparently contaminated with melamine made it into
Taiwan, and some
of it had already made its way into local processed foods before the exporter, the Sanlu Group,
issued a
recall on Sept. 10.
Wu Chia-cheng, a chemistry professor at National Taiwan Normal University who concurrently serves as
a CF
commodity inspector, said the government should not rely on China to ensure the safety of products
originating
from there.
"We should rely on ourselves and develop a multitiered inspection system for imports from China," Wu
said.
In developing the mechanism, Wu said Taiwan should refer to the practices adopted in advanced
countries in
supervising commodity manufacturing processes and distribution networks.
Meltdown in U.S. finance system pummels stock market
The upheaval in the American financial system sent shock waves through the stock market on Sept. 15,
producing
the worst day on Wall Street in seven years.
The Dow Jones industrial average lost more than 500 points, more than 4 percent, its steepest point
drop since
the day the stock market reopened after the Sept. 11, 2001, attacks.
The carnage capped a tumultuous 24 hours that redrew U.S. finance. Lehman Brothers, an investment
bank that
predates the Civil War and weathered the Great Depression, filed the largest bankruptcy in American
history.
The fallout was far from over. American International Group, the world's largest insurer, was
fighting for its
very survival: New York Gov. David Paterson moved to allow the company to tap one of its
subsidiaries for an
emergency loan to stay above water. The Federal Reserves has also agreed to bail out AIG with a
US$85 billion
loan.
1. flaws (n.)
2. recall (n.)
4. adopted (v.)
5. import (n.)
6. contaminated (v.) to contaminate
7. survival (n.)
8. tumultuous (adj.)
9. upheaval (n.)
10. bail out
11. bankruptcy (n.)
12. steepest (adj.)