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Lawmakers Agree to Ban Dangerous Chemicals in Toys

 
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WASHINGTON, July 29, 2008 /PRNewswire via COMTEX/ ----Major milestone reached for children's health and for chemical regulation

WASHINGTON, July 29 /PRNewswire-USNewswire/ -- Lawmakers charged with finalizing the Consumer Product Safety Commission Reform Act agreed yesterday to include a provision that will ban phthalates from children's toys and childcare articles. The legislative action validates the concerns of scientists and parents who have been urging a ban, and will bring federal regulation in line with several states and leading retailers that have already taken action to remove phthalates from toys.

Phthalates are chemical substances used to make plastic toys like rubber ducks and bath books soft and flexible. When children put these toys in their mouths, the phthalates can easily leach from toy to child. Phthalates have been linked to serious health concerns including birth defects, early puberty in girls (a risk factor for breast cancer) and liver cancer.

Retailers and manufacturers including Wal-Mart, Toys-R-Us, Lego, Evenflo and Gerber have announced plans to phase out phthalates. California, Washington and Vermont have passed laws restricting phthalate use in children's products. Phthalates are also banned or restricted in the European Union and more than a dozen countries around the world.

"This legislation is a victory for children's health and safety," said Janet Nudelman, director of program and policy at the Breast Cancer Fund, "and a major blow to the chemical industry, which spent millions of dollars trying to defeat it. Congress took a first, important step toward reforming the way chemicals are regulated in this country. It's a great start and an indication that our lawmakers are ready to consider the kind of sweeping reform that's needed."

The broad-based national effort that convinced Congress to consider the phthalates ban points to a growing movement of parents, health care professionals, and environmental health and breast cancer prevention advocates calling for major chemical policy reform. "A year ago, most people had never even heard of phthalates. But in the last few months, our members sent nearly 100,000 letters to legislators to let them know they wanted phthalates out of toys," said Kristin Rowe-Finkbeiner, executive director of MomsRising.org. "Parents have been at the forefront of efforts to call for safer, non-toxic products, and it doesn't end with phthalates."

State and federal legislators heeded parents' and advocates' concerns and brought the issue into the legislative arena. Champions include California State Assemblymember Fiona Ma, who sponsored the California legislation, U.S. Sen. Dianne Feinstein, who authored the original Senate amendment on phthalates, and Sen. Barbara Boxer and Reps. Henry Waxman, Jan Schakowsky and Diana DeGette, who strongly advocated for the ban among their Congressional colleagues.

The full consumer product safety act, including the phthalate ban, will come to the floor of the House tomorrow, and a Senate vote will likely come later this week. The legislation is anticipated to easily make it through both floor votes.

"What's clear from this historic legislation is that Congress is listening to the scientific evidence, the consumer demand, the market support and the call for action coming from the states," said Nudelman. "We're confident Congress will seize this historic opportunity to protect children's health by including the phthalates ban in the consumer product safety bill. It's exciting to think about what's next."

The Breast Cancer Fund is the leading national organization working to identify and eliminate the environmental causes of breast cancer. www.breastcancerfund.org

SOURCE Breast Cancer Fund

http://www.breastcancerfund.org 
Copyright (C) 2008 PR Newswire. All rights reserved
 
 

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Contango

No, it's not a dance craze. Contago is a condition of supply and demand, essentially a fancy word to say that prices for items, typically commodities, are cheaper now than they would be at some point down the line.

Anything that¿s sold in the futures market can be in a case of contango. Futures are exactly that: a contract to buy an item or asset at a price in the future. This is the case with oil, with traders buying and selling contracts to acquire a barrel of oil in months down the line. When a market is in contango, spot prices, or the price of a commodity if you were to buy it right now, are lower than forward prices.

Why is that important? Well, it usually tells you the supply of a given commodity is plentiful (since, according to Economics 101, a large supply usually leads to cheap prices).

Incidentally, if you think contango is a mouthful, its opposite condition is known by the equally tongue-tying term backwardation.