Time Online reports that for fifteen minutes after a parent has signed off from their Itunes account, anyone can go online and charge to that account.  Kids have been doing this the world over.  In January Apple agree to reimburse over 24 million dollars to parents whose children, unattended, shopped in the Apple Store.

Time notes that children should gain experience with money in the real world, so that they can grasp the issues of charging to their parents’ account.