Bombing Suspect Charged, but National Nerves Remain Frayed
*By Carlo Versano*
After a week of political finger-pointing and frayed national nerves ahead of a major election, a Florida man is in custody on federal charges that he sent at least 13 live explosive devices to prominent former and current Democratic officials, a news organization, a Hollywood actor, and liberal donors.
The latest device was intercepted in California, en route to Tom Steyer, a Democratic donor who has spent millions advocating for Trump's impeachment.
Federal authorities announced the arrest of Cesar Sayoc, 56, of Aventura, Fla., at the end of a week that began with a crude pipe bomb being discovered in the mailbox of George Soros, a left-leaning philanthropist vilified by the right.
As more bombs were found ー from the leafy suburbs of New York City to sprawling mail sorting facilities in Delaware ー and buildings evacuated, it became clear that a serial bomber was using the U.S. postal service to harm opponents and critics of the president and instill fear in a country wracked by political polarization just under two weeks before a pivotal U.S. election.
"This is a law and order administration," said Attorney General Jeff Sessions, announcing the five counts against Sayoc, which include mailing explosives and making threats against former presidents.
"We will not tolerate such lawlessness," Sessions said. He added that Sayoc "appears to be a partisan."
FBI Director Christopher Wray said investigators were able to pull a fingerprint from one of the two devices mailed to Rep. Maxine Waters (D-CA), which, along with other pieces of DNA, matched Sayoc's DNA from a prior arrest. "Today's arrest doesn't mean we're out of the woods," Wray said, cautioning that more devices may still be undiscovered in the postal system.
Wray made a point of saying that the devices were "not hoax devices" but real explosives. He would not comment on whether any were "functional." It was unclear if Wray was reacting to President Trump, who earlier lamented that the "'Bomb' stuff," using quotations around "bomb," was hurting GOP momentum going into Election Day.
Conspiracy theories have flooded the internet positing that the mail bombs were a "false flag" operation. "False flag" believers, including some high-profile conservatives like Rush Limbaugh and Ann Coulter, have speculated that the mail bombs were sent by a Democratic sympathizer who wanted to villainize Republicans in the eyes of voters going to the polls.
At least one of them, Geraldo Rivera, backed down after hearing the charges against Sayoc on Friday afternoon: "Never mind; outsmarted myself in conjuring false flag operation designed to hurt @realDonaldTrump & #GOP," he wrote in a tweet. "Actual alleged perp 56-year old #CesarSayoc is apparently stereotype most media assumed: a middle-aged, rabid, extreme right winger w a troubled past & long criminal record."
Sayoc was arrested at an Autozone store in the Miami suburb of Plantation, Fla. Cheddar's J.D. Durkin was there and spoke to the manager of a nearby business who witnessed the arrest. Tom Fiore, the president of West Broward Community Management, told Durkin he knew it was tied to the nationwide manhunt when he saw members of the NYPD in Florida.
Erin Blake, a senior political reporter at the Washington Post who has been following the story all week, told Cheddar that "all the evidence seems to be pointing in the right direction." With the threat subsiding, Blake said, this is a good time to figure out "who we are as a country."
Sessions, Wray, and other federal authorities praised the coordinated response and investigation. Trump added his plaudits for law enforcement on Twitter, though Blake said he doubted the events would lead to much of a cooling off period in terms of the heated political rhetoric, adding, "The president has shown that he is not terribly chastened by this whole thing."
A new report from ProPublica and the Washington Post found that Facebook Groups played a major role in the spread of misinformation linked to the January 6 insurrection with more than 650,000 posts claiming that Joe Biden's election victory was illegitimate.
Millions of Americans with young children have relied on the child tax credit since the federal government began issuing checks in July 2021. The last round of payments was sent out just before the Christmas holiday — at the same time as the omicron variant surged. Leah Hamilton, associate professor of social work at Appalachian State University, joined Cheddar to discuss what the end to the tax credit means as the U.S. sees the end of many relief programs and its highest number of COVID cases since the start of the pandemic. "It'll become harder for families to meet their basic needs, increasing national childhood poverty rates and the proportion of families who have difficulty putting food on the table, maintaining stable housing, and paying their bills," Hamilton said. She also pointed to research that the credit as a long-term investment in children offsets claims that it contributes to macroeconomic impacts like inflation.
U.S. President Joe Biden spoke with Ukrainian President Volodymyr Zelensky over the week-end, just days after he spoke with Russian President Vladimir Putin. The call comes as Washington prepares to meet with Moscow on January 10, as tensions mount over Russia's military build up near its border with Ukraine. Cheddar News speaks with Mustafa Tameez, a former advisor to the U.S. Department of Homeland Security, about the issue.
Several Silicon Valley insiders are being accused of contorting a 1990s-era tax break to avoid taxes on millions of dollars of investment profits. The tax break is known as the qualified small business stock exemption, and it allows early investors in certain companies to avoid half of the taxes on up to $10 million in capital gains. A piece recently published in the New York Times says venture capital firms like Andreessen Horowitz replicated the tax exemption by giving shares of companies to friends and family, who would otherwise face a 23.8% capital gains bill. The CEO of Roblox is also accused of replicating the tax break for his family members at least 12 times. Although the loophole known as 'stacking' is considered to be legal, the Times piece implies that the exemption has been manipulated for the ultra-wealthy to become more wealthy. Greycroft co-founder and Chairman Emeritus Alan Patricof joins Cheddar News' Closing Bell to discuss.
Chris Sommerfeldt, City Hall reporter for the New York Daily News, joins Cheddar News' Closing Bell, where he discusses both the wins and losses of Bill de Blasio's eight years as New York City Mayor.
The push to regulate the gig worker economy is gaining steam as the share of workers who participate in freelancing through businesses like Uber and Lyft have also exponentially grown during the pandemic. Employment attorney Mark Kluger, founding partner at Kluger Healey, LLC, joined Cheddar to break down how the battle to reclassify gig workers will continue in the new year, and why the issue continues to generate conflict. "More and more workers are using gig work as their primary source of income and as a result of that they are not like employees in the sense that they don't have benefits like health insurance," Kluger noted.
2021 saw markets continue to be impacted by the onslaught of the coronavirus pandemic -most recently in the form of the Omicron variant- in addition to the global supply chain shortage, and increased inflation. But it wasn't all bad news, as crypto soared throughout the year, and meme stocks continued to have a moment. With the year coming to a close, investors are keeping an eye out to see if they should expect more of the same in the new year. Chris Vecchio, Senior Analyst, at DailyFX tells us what market trends to be on the watch for in 2022.