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BREAKING NEWS
July 21, 2007
Georgia Processor Expands Meat Recall
WASHINGTON - A Georgia meat processor on Saturday expanded its recall of canned meat products that may be connected to a botulism outbreak.

Cans of chili sauce made at the Castleberry's plant were found in the homes of an Indiana couple and two children in Texas who had been hospitalized with botulism. All four are expected to survive.On Saturday, FSIS said the malfunctions at the Augusta processing plant may have existed longer than initially estimated.

Castleberry's, which is owned by Bumble Bee Seafoods LLC and based in San Diego, voluntarily expanded the recall.

Brand names of the recalled products include Austex, Best Yet, Big Y, Black Rock, Bloom, Bryan, Bunker Hill, Castleberry's, Cattle Drive, Firefighters, Food Club, Food Lion, Goldstar, Great Value, Kroger, Lowes, Meijer, Morton House, Paramount, Piggly Wiggly, Prudence, Southern Home, Steak N Shake, Thrifty Maid, Triple Bar and Value Time. The recall also includes four varieties of Natural Balance dog food.
Associated Press


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Food Fright on the Loose, Big Downtrend Should Follow
Category: NEWS
By: Pete Kendall, July 26, 2007
The former head of the State Food and Drug Administration was sentenced on May 29. His appealed failed on June 22, and he was executed yesterday. The dire consequences to Zheng Xiaoyu, and the rapidity of his execution may well foreshadow the speed and strength of the next trend.
Socio Times, July 11, 2007

cattle drive canPreviously (in the July 11 Socio Times entry) this site noted that fears of food problems tend to cluster around a turn to bear markets. Maybe some actual problems also tend to crop up at such times (similar to the airplane accident indicator that's been documented by Elliott Wave Int'l). At any rate, this unfortunate turn of events has potential to foster significant fears, especially as it involves so many brand names that should normally be deemed trustworthy.
--Tiane

I didn’t mean to suggest that fears are completely unfounded, although that was probably the case with Belgium’s Coca-Cola scare in 1999. In the wake of a bull market in 1906, however, the Jungle by Sinclair Lewis was a smash hit that helped to produce some badly needed reforms. The important thing is that it’s happening again. This is confirmed by the latest issue of Business Week which refers to the phenomenon as the “growing awareness of food perils.” The fears of Chinese food products – Business Week says “not made in China” has suddenly become “a major selling point -- is an appropriate twist also. After Chinese products claimed so much of just about every store shelf over the course of the last 20 years, it makes sense that the public is rebelling against its bull market buying habit. When a reversal sets in, the negative mood tends to attack the people and products that benefited most from the preceding advance.

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