There was a dramatic development Friday afternoon in the unfolding crisis over last year's children's-products safety law: the CPSC announced that given the clearly insuperable difficulties of letting the law go into effect as scheduled, it is suspending for a year its enforcement of most of the law's controversial testing and certification requirements. This may succeed (for the moment) in calming things down from all-out crisis to mere "great big problem" status. I cover the story at Overlawyered.

In addition, I was a guest on the National Association of Manufacturers' weekly audio show "America's Business", in an interview taped on Wednesday. My comments accordingly do not reflect Friday's news, but much of their content remains relevant.