Harvard University's Edmond J. Center for Ethics has launched a research initiative to help answer the question looming on most people's minds: when will the coronavirus quarantines end?
Danielle Allen, director of the center, told Cheddar that ending quarantine will require a robust social effort involving potentially thousands of workers and brand new technology solutions.
In the past, best practices for a quarantine order included setting a deadline to protect individual rights and set expectations, but COVID-19 presented too many unknown variables for lawmakers to come out of the gate with a set date for letting people return to normal.
"It was absolutely reasonable in this case that people issued orders with indefinite duration," Allen said. "This disease is so new and has so many distinctive features that it has been very hard for people to completely master its shape, its parameters. We did sort of need that blunt instrument."
But more than a month since the first stay-at-home orders went into effect, there is widespread demand for more information about when to expect state and local quarantine orders to end.
"It's going to take massively scaling up testing, tracing, and supportive isolation," Allen said.
Testing is perhaps the most widely understood post-quarantine measure, but it's also one of the most logistically complicated. Governors are currently making the case that heavy federal support will be necessary to produce the supply of tests needed to cover the entire U.S.
Tracing presents challenges as well, but there are a number of available options to pull it off.
"Contact tracing is one of the oldest and most important tools in the public health toolkit," Allen said.
The old-fashioned way to handle tracing is to do it manually. Individual investigators interview positive cases about where they've been and who they've been in contact with over the last two weeks.
"Can you actually achieve that with people, with person power doing all that contact tracing, or do also you need tech support?" Allen said. "Right now, I think the jury is out."
She pointed to a proposal from Johns Hopkins University recommending that the federal government invest in 100,000 paid or volunteer contact tracers to spread out across the country.
On the technology side, Allen highlighted Bluetooth-based apps that would help you track interactions for rolling two-week periods. That way, if someone comes up positive, the people they contacted could be warned.
Lastly, shifting to supportive isolation would be a step down from current stay-at-home orders.
"[Supportive isolation] is when you're infected and then you stay home, but it means people who aren't infected don't have to stay home," she said.
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.
