Word: mattel
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Acting Chairman Nancy Nord, who announced the Mattel recall of 9 million toys last week, touted the CPSC's "effective system of checks and balances to prevent unsafe products from being sold." But even she has recommended reforms to Congress, including a new civil penalty cap of $10 million. Her proposals are among the many to strengthen the CPSC as the challenge presented by Chinese-made toys has underlined its weaknesses. PIRG's Mierzwinski recommends a simple first step: "Why doesn't the President nominate a safety advocate...
What companies are involved? Since June, Mattel's Fisher-Price unit has recalled almost 1 million preschool toys, Hasbro has called back the same number of Easy-Bake Ovens, and RC2 Corp. has taken back 1.5 million Thomas & Friends train sets...
What's wrong with the toys? It varies. Some of Mattel's Polly Pocket and Batman figures have tiny magnetic pieces that children can swallow. Such toys as Elmo and Thomas & Friends train sets may be coated in paint with toxic levels of lead...
...taking the fall? Mattel's stock price is down 24% from its high in May. The co-owner of a Chinese company named by Mattel as the supplier of some of the toxic toys recently committed suicide...
...some of your kid's favorite playthings. On Aug. 14, Mattel, the world's biggest toymaker, called back almost 19 million Chinese-made products--half of which were being distributed in the U.S. It was the fourth major toy recall to hit this summer. What you need to know about the trouble in toyland...