Word: counterfeiting
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...outcry from consumer groups concerned about their lack of regulation. In the mid-1990s a few big specialty retailers and major department stores began issuing cards with magnetic strips and a preset or unlimited value as cheaper, more secure alternatives to paper gift certificates, which are easy to counterfeit. Card sales grew between 15% and 35% annually from 1997 to 2004, and while the issuing stores waited for the redemptions, they locked in enormous future revenues and racked up hefty interest income. Until now, regulators have trod lightly because they recognized the benefits to consumers, according to Deborah Thoren-Peden...
This move follows the recent decision by the Motion Picture Association of America (MPAA) to start suing users of pirated online movies as the music industry has already done. But this new law focuses on the source of the counterfeit movie rather than the end user...
American patients should not have to cross the globe for any hope of treatment and risk being exposed to counterfeit medicine. American researchers should not have to leave U.S. labs to conduct promising stem cell research abroad. By taking the scientific and moral initiative in stem cell research, U.S. society can act to prevent both. Regulated and clinically responsible research in U.S. labs will fill the research vacuum from which phony clinics benefit at present. The American people, and indeed the world, call on the U.S. government for a committed and realistic approach to one of the promising medical innovations...
...stuck to his campaign promises, implemented his social reforms and by doing so has held on to power. This isn't a political disaster; this is a reflection of the fair and sometimes painful mechanics of democracy. Omar van den Berg Amsterdam Battling Bogus Bags Your article on counterfeit luxury merchandise [Aug. 23] never asked why Louis Vuitton or any of the other high-end manufacturers deserve to be paid $1,500 for a handbag when, as you reported, "a 12-m container filled with fake bags can turn a profit of $2 million to $4 million...
...five minutes to come up with a few. Rita Fan, who served as president of Legco for seven years, took the same line: that the democrats' fixation with electing the chief executive and Legco in its entirety was a false definition of democracy, which she compared to a counterfeit designer purse. Hong Kong people, she said, "want the real thing?the real...