Cheddar has learned exclusively that Grammy-nominated musician and crypto entrepreneur Akon is endorsing bitcoin billionaire Brock Pierce for President of the United States, and will serve as chief strategist for Pierce 2020.
Pierce is a cryptocurrency entrepreneur who announced his run for the Oval Office in July, running as an independent. In 2018, Pierce made Forbes' first-ever list of wealthiest crypto investors in the world, and is a chairman of the nonprofit Bitcoin Foundation. Pierce is also a former child actor, known for his roles in The Mighty Ducks and the Disney original film First Kid.
Akon, whose full name is Aliaume Damala Badara Akon Thiam, says of the endorsement, "I've always known Brock Pierce to be a standup guy. He's a real people's person and he doesn't operate between party lines. We share the same dream of pushing America forward for everyone without showing favoritism to one particular base."
The Don't Matter singer has invested heavily into the crypto space in recent years, recently founding his own digital currency called Akoin and founding Akon City, a "futuristic cryptocurrency themed city," in Senegal. Akon City features a massive investment in local infrastructure; according to bitcoin.com, the $6 billion project, "will include roads, a hospital, a mall, hotels, and a school. There will also be parks, universities, a stadium, and an industrial complex."
At the time of his campaign announcement, the Minnesota-born 39-year-old Pierce said, "Entrepreneurs are essential to the rebuilding of this nation that we love, and I'm running in this race because I know that together we can help build a pathway towards the rebirth of the America we love so much."
The campaign manager for Pierce 2020 is also a familiar face to many: Brittany Kaiser, who is best known from her role as a Cambridge Analytica whistleblower who helped sound the alarm about Facebook's complicity helping the Trump campaign in 2016. Kaiser told Cheddar of the Pierce White House run, "It's inspiring, and a breath of fresh air to have someone who has spent their life really understanding technology putting himself out there as the face of a presidential campaign…he not only understands how to improve and make systems more efficient, but also has a vision for a more inclusive political platform than what is currently being offered by the two big parties."
The Pierce ticket is rounded out by the addition of entrepreneur Karla Ballard for Vice President, who touts years of experience in brand development and corporate partnerships. Ballard said at the time, "My life's work has been devoted to finding solutions and bringing people together across all cultures and party lines and when Brock Pierce approached me to join his visionary campaign as his Vice President, I knew this was the next step I should take in this lifelong mission."
Pierce says in a statement about the Akon endorsement and campaign addition: "Not only is Akon one of the most well-known artists globally, he is a successful global businessman and philanthropist. I started my life as an artist so I have the utmost respect for culture and the arts -- without it we are lost. His aspirations to be in politics, to be in civil service, and what he has accomplished in Africa and beyond will be valuable for our platform on a regional, national, and world-wide level."
Kaiser was quick to note the strength of the Akon endorsement, and the artist's role in the campaign, adding, "Akon is an incredibly inspiring guy and he has so much energy. He's accomplished so much. It's an honor to have him with the team, with his track record of massive success in entertainment but also in entrepreneurship. He's a very important part of the team, especially as we dive into foreign policy issues."
The Brock Pierce campaign is currently on the ballot in eight states and Washington, DC, which is more than any other independent candidacy in 2020, with petitions to join the ballot in several more.
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.
