There's been a huge scandal surrounding one of the nation's biggest retailers after a"60 Minutes" investigation. It turns out that hardwood floor retailer Lumber Liquidators has been accused of selling its products with unsafe levels of formaldehyde inside the floorboards.
What's the big deal? According to the The New York Times:
While formaldehyde is a known carcinogen, its long-term health effects are not well understood. Exposure to a lot of formaldehyde in a short period can produce immediate symptoms like burning of the eyes and throat, and can aggravate asthma. But scientists do not know definitively how much formaldehyde, over how long a period, can cause certain types of cancers.
Soon after the "60 Minutes" investigation, stock prices plunged amid recall fears after it was discovered that the new Chinese-made floors contained high levels formaldehyde. In this form, formaldehyde leaks out of the product as a gas that is inhaled by people in the home. Over time, repeated exposure can result in conditions like bronchitis, pneumonia and asthma and, as mentioned above, even cancer. Children are most at risk for this and may succumb sooner to the effects of gas exposure.