Stock Under $10 with 50-100% upside potential - 14 Days FREE!

AP Impact: Feds Muff Kid Jewelry Cadmium Crackdown

Stock quotes in this article: TGT, WMT 

The agency's investigator bought all the samples at the shop, but didn't look to see whether the pendant was sold elsewhere, CPSC spokesman Scott Wolfson said.

"We've got to make some tough decisions with our investigators in terms of when they stay on the trail," Wolfson said. "There needs to be a rationale for it."

___

In January 2010, Tenenbaum mobilized her agency in reaction to AP's initial investigation. She told parents to toss cheap metal trinkets and promised to investigate all high-cadmium jewelry the agency learned about.

While five jewelry recalls followed, none began at the agency's initiative. The first three covered products AP highlighted; the last two came after companies approached the CPSC. All the recalls were voluntary.

Then the recalls stopped, though not because the CPSC thought cadmium was gone from the marketplace.

Instead of clearing contaminated products from store shelves, the agency focused on a policy of restricting future flow. At first, that meant warning Asian manufacturers to stop substituting cadmium for lead. Later, the agency started scattered cargo checks at U.S. ports and pressed a private-sector group led by the jewelry industry to adopt voluntary cadmium limits.

It took nearly two years for those standards to be enacted. And while several cadmium jewelry shipments were intercepted, with just 19 inspectors at 15 ports, the agency touches a minuscule fraction of the billions of consumer goods that enter the U.S. each year.

At a product safety conference in March, Tenenbaum claimed victory: "The proactive steps we have taken in China, at the ports, and in the standards environment have stopped cadmium from being the next lead."

But it wasn't until early 2011, a full year after AP's original report, that the agency had began seriously checking children's jewelry on store shelves. Even then, the scale of sampling was not great enough to draw broad conclusions.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
TRY IT FREE

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
Dividend Stock Advisor
TRY IT FREE
New! $49.95/yr

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREE

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Real Money
TRY IT FREE

24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.

Product Features:
  • Jim Cramer + 20 Wall Street pros
  • Intraday commentary & news
  • Real-time trading forum
  • Actionable trade ideas
Real Money Pro
TRY IT FREE

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass + 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
TRY IT FREE

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 15,303.10 8.60 0.06%
NASDAQ 3,459.14 -0.28 -0.01%
S&P 500 1,649.60 -0.91 -0.06%
US 10 Yr 2.011% -0.012

Brokerage Partners

Advertising Partners
Special Features

Free Newsletters from TheStreet

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

We respect your privacy. Manage Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs