Archive for September, 2008
Halloween Costumes – Tips for a Fun and Safe Trick-or-Treating Adventure
Well, it’s that time of year again… the ghosts and goblins are just around the corner. Talk of “What are you going to be this year?” crept in at the dinner table as soon as our wannabe-monsters found the first costume catalog in our mailbox a few weeks ago. With pressure to actually order the [...]
Batteries to Blame in RC Helicopter Fires
On Wednesday (09/10/08), yet another remote controlled toy helicopter was recalled – the eighth one this year and the ninth associated with fire and burn hazards since 2006. The culprit in nearly every case? Rechargeable Lithium batteries and/or their chargers.
The Effect of Product Recalls on Stock Performance (Summary)
In my paper, The Effect of Product Recall on Stock Performance, I discuss findings with regard to how much a company’s stock price changes with the announcement of a product recall. I also discuss studies that show how negative impacts can be mitigated. The full text of the post can be found by clicking the [...]
Importance of Bicycle Helmets Hits Home
My 8-year-old son, Sam, crashed on his bike last week. Unable to break while going down a hill, he went through an intersection (thankfully, no cars were coming) and hit the curb on the other side. His bike flew to the right; he went to the left, sliding across the sidewalk into a hedge. Although [...]
US Product Recall System is Ineffective…Still?
Every year millions of people are injured or killed in product-related accidents. In 2006 (the year before recalls regained the spotlight) product-related incidents in the US alone injured 33.1 million people and killed an additional 27,000.1 That same year, in attempt to quell those numbers, the CPSC recalled 471 products, accounting for 124 million product-units.2 [...]
Brief Overview of the US Consumer-Product Recall System – Old and New
In the United States, more than 15,000 types of consumer products, not including food, drugs and vehicles, fall under the jurisdiction of the Consumer Product Safety Commission (CPSC), the government agency whose job it is to protect the public “from unreasonable risks of injury and death associated with consumer products.”[1] Maintaining the product recall system [...]
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