By now everyone has probably seen the massive Maclaren Stroller recalls.
Unfortunately, recalls of children's products are not uncommon. There are several sites that provide daily recall information, some of which are listed below. Also included are toy safety sites. On most of these sites, you can sign up to receive email notifications so you will never be out of the loop on any recalls or safety issues.
Toy safety and recall sites:
500 Toys Not Made in China
CPSC Toy Hazard Recalls
Healthy Stuff - Children's Products
Mattel Toy Recall Info
My Things Product Recall Database & Tracking Tool
Recalled Toy Alert
Toy Industry Association, Inc.
Please feel free to comment and add any others you like.