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.
In February, Senator Jeff Merkley (D-Ore.) and Representative Jamaal Bowman (D-N.Y. 16th District) introduced the Fair College Admissions for Students Act. The bill looks to curb the admissions advantage given to the children of alumni and donors for colleges and universities. Sen. Merkley joined Cheddar news to discuss the push behind the legislation. "My dad was a mechanic. I was applying to schools around the country. I never thought about the fact that those students who came from the most privileged backgrounds also got a special advantage in applying to college," he said. "They take up 10-25 percent of the slots at many of our universities, and so this is kind of affirmative action for those who need it least rather than a level playing field for everyone else." If enacted, the law would amend the Higher Education Act of 1965 doing away with legacy or donor status admissions for any school participating in the federal student aid program.
Nancy Daoud, a private wealth adviser for Ameriprise Financial, joins Cheddar News' Closing Bell, where she discusses what led to a sharp spike on Wall Street during Tuesday's session and what she will be watching for most closely when the Fed announces it latest policy decision on Wednesday.
Russia's economy is effectively at a standstill after it was slapped with extensive western sanctions, and now it has to make the first of four monthly interest payments on dollar bonds. It's likely the country will not be able to pay — so what happens next? Major credit ratings agencies have downgraded Russian sovereign debt, with Fitch issuing a 'C' rating and S&P Global Ratings issuing a 'CCC-' rating. Caleb Silver, Editor in Chief of Investopedia, joins Closing Bell to discuss what a Russian debt default could mean for Russia's economy, U.S. consumers who have pensions with exposure to Russian assets, and whether this could create a global financial crisis.
With the number of Ukrainians being displaced due to the Russian invasion surging, two students from Harvard took it on themselves to develop a website to help connect potential hosts with refugees seeking housing. The co-founder of the website Ukraine Takes Shelter, Marco Burstein, joined Cheddar news to discuss working together with fellow freshman Avi Schiffmann to streamline the effort to aid Ukrainian refugees. "We basically worked for three days straight developing the website, and since then the response has been pretty incredible," Burstein said.
Over three weeks ago, WNBA player Brittney Griner was arrested in Russia on drug charges. According to reports, the Star arrived at an airport near Moscow where authorities found Vape cartridges and hashish oil in her luggage. Grindr faces serious charges that could carry a possible sentence of 5-10 years in a Russian prison. Experts warn that Griner's arrest could be used as a bargaining chip. Partner at Stroock & Stroock & Lavan, Thomas Firestone, joined Cheddar to discuss more.
On a live broadcast, an employee on a Russian state news television channel held up a sign protesting propaganda about the war in Ukraine. Ruslan Deynychenko, executive director of the Ukrainian fact-checking organization StopFake, joined Cheddar News to discuss what he called the misinformation spread to the Russian people about the invasion. "They are not about informing people they are about brainwashing people," he said. "Russian government uses their media as an instrument, as a tool, of their foreign policy."
Student loan payments for millions of borrowers are set to resume on May 1st. However, signals from the Department of Education show that the date may be pushed back. Once again, it's been pushed back a few times. Initially, the Biden Administration stated loan payments would resume as the economy continues to show signs of recovery. Student Loan Expert and Author of "How to Appeal for More College Financial Aid", Mark Kantrowitz, joined Cheddar to discuss more.
