On the heels of President Trump's speech at the RNC from the White House, thousands descended on the capital today to commemorate the 57th anniversary of the March on Washington.
Derrick Johnson, president and CEO of the NAACP, said that in the midst of social unrest and senseless violence, the march is about emphasizing the importance of voting in this year's presidential election.
"We want to make sure that we use this moment to pause, to re-energize, to focus on marching to the polls in November," Johnson told Cheddar.
While many are expected to show up to the march in-person, organizers are also taking the event online for those unable to attend or who prefer to stay away from crowds amid the pandemic.
Meanwhile, as President Trump continues to wage a war against the mail-in voting process, Johnson and the NAACP are looking for the government to restore the "stripped" Voting Rights Act.
"In order for this democracy to truly work, we must allow access to the ballot box and unfortunately, we have reduced the administration of elections to a partisan consideration," Johnson said.
As the issue of policing in America hangs in the backdrop of the march's mission, Johnson said it is an issue that has to be addressed. When it comes to policies regarding policing, there has to be a process for accountability, he continued, stating that it's imperative other services receive the funding needed so that police are not required to serve functions for which they are not trained.
"We have to take a serious look at the budget of police to make sure we're not asking officers to serve the role of mental health providers; to serve the role of anything else other than policing," Johnson said.
For Johnson, it's all about leveling the playing field and making policing in the U.S. uniform across the country.
"Some of the wealthiest communities across this country see a really robust preventive program in place. Low income areas and areas where African Americans are being patrolled — we don't have enough preventive measures so things will not escalate as we've seen over the recent few months," he explained.
Peter Zalzal, associate vice president for clean air strategies at the Environmental Defense Fund, a nonprofit environmental advocacy group, joined Cheddar to discuss the Biden Administration's unveiling of stricter fuel-efficiency standards for new automobiles. "The administration estimated that these rules will reduce about 2.5 billion tons of climate pollution by 2050, and using less fuel also means that we have to go to the gas pump less often. And so it means we save money, thousands of dollars in avoided fuel costs each year for consumers," he noted.
The relatively robust March jobs report showed that despite the low unemployment rate, Black, Hispanic, and women job seekers are still having difficulty finding work. William M. Rodgers III, the vice president and director of the Institute for Economic Equity at the Federal Reserve Bank of St. Louis noted that participation rates in the labor force ticked up for minorities, adding to other positive signs of growth. He also spoke to Cheddar News to discuss further the jobs figures, the state of the labor market, and rising inflation.
U.S. markets opened higher to kick off the second quarter, despite a miss on the March Jobs Report. The economy added $431,000 in the month, slightly lower than the $490,000 analysts had expected. The unemployment rate also ticked down to 3.6% from 3.8%. Kevin Simpson, Founder & Chief Investment Officer, Capital Wealth Planning joined Cheddar's Opening Bell to discuss.
President Biden is going after billionaires in his 2023 budget request to congress. The proposal would establish a 20% minimum tax rate on all households worth more than $100 million, as well as raise the corporate tax rate from 21% to 28%. Rhett Buttle, Small Business for America's Future Senior Advisor, Business Policy Expert & Biden Campaign Business Advisor, breaks down the proposal, what it aims to accomplish, and how small businesses might feel about it.
The Biden administration has announced the U.S. will accept up to 100,000 refugees fleeing the war in Ukraine and provide more than 1 billion dollars in new funding for the growing humanitarian crisis. The move comes as President Biden meets with his western counterparts in Europe to demonstrate a united front against Russia and show support for Ukraine. Altagracia Pierre-Outerbridge, Immigration Attorney for Outerbridge Law, explains how this is going to work.
The DOJ has endorsed an antitrust bill targeting tech giants like Apple, Amazon, Meta, and Google. The legislation would ban the companies from favoring their own products and services over their competitor's, making it more difficult them to dominate the marketplace. Greg Day, Assistant Professor of Legal Studies at the University of Georgia, breaks down the bill and its potential impact on anti-competition in the tech sector.
Catching you up with what you need to know on Apr 1, 2022, with Ukrainians hoping to flee the besieged city of Mariupol with a ceasefire is in place, President Biden orders the release of oil from U.S.reserves, LGBT activists suing Florida Governor Ron DeSantis over the "Don't Say Gay" Law, U.S. passports offering an "x" option for gender, and more.
America’s employers extended a streak of robust hiring in March, adding 431,000 jobs in a sign of the economy’s resilience in the face of a still-destructive pandemic and the highest inflation in 40 years.
