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Economists are split on whether there will be a recession in the next few years.Many of them say if there is one, it won't be driven by the housing market like last time.However, the housing market still plays a key role in a healthy economy, so experts are watching a few things closely, including supply and demand and home values.Experts predict older Americans will flood the market by putting 21 million homes up for sale over the next 20 years.But some economists say market forces could decimate demand by then.And with low demand, sellers will be forced to lower their prices in order to sell.Experts say the whole process could create a housing bubble, and then, burst it.Experts are also watching subprime lending. That’s when lenders let people with bad credit borrow money.Critics argue those loans are more likely to go into default, especially if there’s any hiccup in the economy.Subprime lending is much lower today than it was before the last housing crisis, but some experts say those rates are still too high.Experts do say new lending standards could prevent mortgages that helped create the crisis. 1131
Cosmetic products such as perfume, nail polish and shampoo help us feel and look good. But in the wrong hands -- especially those of the very young -- these products can be harmful, or even deadly. More than 64,000 kids in the United States younger than 5 years old had a cosmetic-related injury between 2002 and 2016, according to estimates in a study published Monday in the journal Clinical Pediatrics.Researchers looked at the type of product, route of exposure, location of the injury and other factors in children younger than 5 who were treated in US emergency departments. The findings came from the National Electronic Injury Surveillance System, a database operated by the US Consumer Product Safety Commission that reports on injuries and poisonings involving consumer products.The study noted that from 1999 through 2015, cosmetics were the cause of seven deaths among children, according to the National Poison Data System."Although a cosmetic product may not be harmful when used according to the directions, it is important for parents and caregivers to know that a young child could be seriously injured by these products," Rebecca McAdams, a research associate at Nationwide Children's Hospital and an author of the study, said in an email.The cosmetics most likely to cause injuriesThe authors defined cosmetic products as those that "cleanse, beautify, promote attractiveness, or alter appearance." These include hair relaxers, nail polish, moisturizers, skin oils, deodorants and make-up. The products were categorized into five groups, based on how they're used: nail care, hair care, skin care, fragrance and other, which included deodorants and make-up.The most common injuries came from nail care products (28.3%), followed by hair care products (27%), skin care products (25%) and fragrance (12.7%). About 75% of the injuries occurred when children swallowed products. The remaining exposures came from skin or eye contact. Patients were most likely to be hospitalized after exposure to hair products.The products most likely to land children in the hospital? Hair relaxers and permanent solution. Children exposed to them were more than twice as likely to have a chemical burn and more than three times as likely to be hospitalized, when compared to all other products.The study also found that younger children had a higher risk for injury and hospitalization, with the average rate of injury in children less than 2 years old being two times higher than children between the ages of 2 and 4. Those younger than 2 were also more likely to be injured from hair products.Stages of childhood development could account for these injury risks, the study's authors wrote. By 6 months of age, many kids can crawl and grab things to put in their mouths. They can pull themselves upright and walk by the time they're 1 year old, which allows them to close doors and reach across counters."These new abilities and the natural curiosity that accompanies them, coupled with a lack of previous experience in discriminating between harmful and neutral or pleasant stimuli ... can help explain why children less than 2 years of age are at greater risk," McAdams wrote.'People don't childproof their homes'Each year, doctors in emergency departments across the country treat about 4,300 young children with cosmetic-related injuries on average. The number and rate of these injuries did not significantly change across the 15 year period. This highlights the need for better cosmetic product injury prevention strategies, the study authors wrote."People don't childproof their homes, which I say without judgment because my toddlers have gotten into numerous dangerous items and I do this for a living," Dr. Emily MacNeill, a pediatric emergency medicine doctor at Carolinas Medical Center in Charlotte, North Carolina, said in a text message. MacNeill was not involved with the study.The study had limitations, including the fact that the data came only from US emergency departments and didn't include cases that were treated at home, urgent care or pediatric offices. Emergency departments may also have different standards for documenting injuries, the authors noted.While the study didn't show any increases in cosmetic-related injuries, it raises awareness that people shouldn't "underestimate the danger of certain products, hair products specifically," MacNeill wrote.The best thing parents and child caregivers can do is to keep their cosmetic products stored safely and in their original containers. The American Academy of Pediatrics recommends storing cosmetic products like medications -- locked in a place that's high and out of sight for young children.If a child is accidentally exposed to a cosmetic product, parents and caregivers can call the national poison help line at 1-800-222-1222. 4829
Dorian is beginning to move with dangerous winds and life-threatening storm surge, continuing on Grand Bahama Island. The storm has killed five people so far in the Bahamas.The tropical storm force-wind field is brushing against South Florida right now, and it will continue to linger Tuesday.The National Weather Service says Tuesday is the day most of Southeast Florida will see the highest wind gusts associated with Dorian. In addition, NWS says conditions at the beach are very dangerous and it urges you not to go into the water and stay away from shore.A slow north-northwestward motion began Tuesday morning.A turn to the north is forecast by Wednesday evening, followed by a turn to the north-northeast Thursday morning.The hurricane will then move dangerously close to the Florida east coast late today through Wednesday evening, very near the Georgia and South Carolina coasts Wednesday night and Thursday, and near or over the North Carolina coast late Thursday.Tuesday morning the storm began growing in size. Hurricane-force winds extend outward up to 60 miles from the center, and tropical-storm-force winds extend outward up to 175 miles.A Storm Surge Warning is in effect for...* Jupiter Inlet FL to South Santee River SCA Storm Surge Watch is in effect for...* North of South Santee River SC to Cape Lookout NCA Hurricane Warning is in effect for...* Grand Bahama and the Abacos Islands in the northwestern Bahamas* Jupiter Inlet FL to Ponte Vedra Beach FL* North of Edisto Beach SC to South Santee River SCA Hurricane Watch is in effect for...* North of Ponte Vedra Beach FL to Edisto Beach SC* North of South Santee River SC to Duck NC* Albemarle and Pamlico SoundsA Tropical Storm Warning is in effect for...* North of Deerfield Beach FL to Jupiter Inlet FL* North of Ponte Vedra Beach FL to Edisto Beach SC* OkeechobeeThis story was originally published on 1891
Facebook and the IRS are currently facing off in a billion dispute in U.S. Tax Court.The trial, which got underway on Tuesday, centers on a 2010 transaction in which Facebook transferred some of its intellectual property to a subsidiary in Ireland — a country with an extremely low corporate tax rate. The IRS claims that Facebook undervalued the properties in order to pay less in taxes.While Facebook values the assets transferred at about .5 billion, the IRS claims the value exceeds billion. According to 530
DENVER — A father, mother and their daughter were shot to death late Thursday night at a home in southwest Denver, and the suspect knew the victims well, according to police.Bustaman Kartabrata, 59, was arrested overnight at a home in northeast Denver, police Chief of Investigations Joseph Montoya said at a news conference Friday afternoon. He faces three counts of first-degree murder and felony menacing in the shooting.Investigators were still working to determine a possible motive in the shooting and whether Kartabrata was related to the victims. Montoya said Kartabrata was "very well acquainted" with the family."It was some sort of conflict that occurred that evening that led to this," Montoya said.The shooting happened Thursday night at a home in Denver. Police arrived and found two adults – a man and a woman – and a juvenile girl with gunshot wounds. The woman was pronounced dead at the home, and the man and girl were pronounced dead at a hospital, Montoya said.Officials hadn't released the names of the victims as of Friday afternoon. Another juvenile was in the home during the shooting but escaped unharmed, Montoya said.A sale had recently closed on the home, and "there was indication there was people moving in and out of this home," Montoya said. "In all my time, this is one of the most emotional cases I've ever dealt with," Montoya said. "Everybody who was involved in this ... they were shaken by this incident. It was something that didn't need to happen. It was just so senseless."Neighbors said that the family was planning to move out of Colorado as the father, a school bus driver, dealt with health issues. Denver Public Schools Superintendent Susana Cordova released a statement Friday afternoon about "the loss of three members of the Traylor Academy and Denver Public Schools family." Traylor Academy, an elementary school, is blocks away from the home where the shooting happened."Our entire school district is saddened by this news," Cordova said. "We send our condolences to the family and friends of those who passed away." 2079