Trump takes slump out on Fed
President Donald Trump responded to falling stock prices Thursday by continuing to throw rocks at the Federal Reserve, which he has described as “crazy,” “loco,” “going wild” and “out of control” for slowly raising interest rates against the backdrop of a booming economy. Trump’s pointed remarks reflect the high political stakes less than a month before midterm elections. Trump has been bragging about job creation, tax cuts and reduced federal regulation, and claiming credit for the rise of the stock market. Now that the market has lost 5 percent of its value, Trump is insisting someone else is to blame.
White Americans gain from tax cuts
The tax cuts that President Donald Trump signed into law last year are disproportionately helping white Americans over African-Americans and Latinos, a disparity that reflects long-standing racial economic inequality in the United States and the choices that Republicans made in crafting the law. The finding comes from a new analysis of the $1.5 trillion tax cut using an economic model built by the Institute on Taxation and Economic Policy, a liberal think tank, and released in a joint report with Prosperity Now, a nonprofit group focused on helping low-income Americans attain wealth and financial stability.
Toxic metal found in jewelry
Jewelry with the toxic metal cadmium is showing up on the shelves of national retailers including Ross, Nordstrom Rack and Papaya, according to newly released test results.
Analysis done for the nonprofit Center for Environmental Health revealed some jewelry sold with women’s dresses and shirts was nearly pure cadmium, which can cause cancer and reproductive harm after prolonged exposure.
States including California outlawed cadmium in children’s jewelry, and testing by the center found the chemical had virtually disappeared from jewelry by 2012.
No laws address cadmium in adult jewelry, however, and last year the center decided to check those products. Lab testing found 31 adult jewelry items purchased from retail stores were at least 40 percent cadmium, and most were more than 90 percent.