Month: September 2010

The US economy grew at an annualised rate of 1.7% between April and June, up from a previous estimate of 1.6%, the US Commerce Department has said.

Despite the upward revision, it still marks a sharp slowdown from the rate of 3.7% recorded in the previous quarter.

The latest revision of second quarter growth factored in more consumer spending than previously thought.

There are fears about the sluggish pace of the US economy, with the unemployment rate close to 10%.

This news is obviously a good new to American economy, economic depression in US is not only affecting its own economy, but also the canadian economy. Since Canada has a close relationship with US, poor economic situation in US also bring negative effect to Canada. With high unemployment rate in America,many American come to Canada to find jobs which leads to many jobs in Canada are being take away and many Canadian becomes unemployed. As a result,US and Canada are both in a poor economic situation.

2008 Chinese milk scandal

The 2008 Chinese milk scandal was a food safety incident  in the People’s Republic of China involving milk and infant formula, and other food materials and components,adulterated with melamine.Melamine itself is nitrogen-rich and is sometimes illegally added to food products in order to increase their apparent protein content. It has also been employed as a non-protein notrogen , appearing in soy meal, corn gluten meal and cottonseed meal used in cattle feed.In order to save the production cost,Sanlu company added Melamine to their milk products to increase their apparent protein content,which eventualy caused this food satety incident.By November 2008 China reported an estimated 300,000 victims, six infants dying from kidney stones and other kidney damage, and a further 860 babies hospitalised.

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