Recalls: Will There Be Any Toys For Christmas?

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By Douglas A. McIntyre Published
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After the huge toy recalls by Mattel (MAT), it appears that Congress has begun to uncover several other companies that believe they have dangerous products that they will have to be withdrawn from the market.

According to CNN Money Tween Brands said it had "recently learned that a decorative accessory attached to the outer packaging of some products may contain elevated amounts of lead," Excelligence Learning, the parent company of retailer Discount School Supply, said it had identified three products it had yet to recall. CNN adds the House subcommittee requested similar information from 19 toy companies that had previously distributed toys found to contain illegal levels of lead.

All of that would seem to mean that the troubled toy industry may be recalling many, many more units. In most cases, the cause will be products with lead levels that are too high. These toys were made in China.

Under the circumstances, it would not be surprising if consumers began to look harder at consumer electronics and clothing as holiday gifts for their children. Who needs a mouthful of lead paint?

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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