Health and Human Services Secretary Alex Azar received some support from a fellow previous holder of the cabinet position.
"When it comes to pandemics, anything that you say in advance of a pandemic sounds alarmist and anything you've done after it starts is inadequate," former Utah Governor and former U.S. secretary of Health and Human Services Mike Leavitt told Cheddar Monday.
Leavitt, who warned the nation was unprepared for a pandemic when he took over in 2005 under President George W. Bush, said the current secretary, Alex Axar, "is closely following a well-established plan that was laid out years ago and was used by two administrations before this." Azar reportedly warned in early January the potential new outbreak was a big deal, but the Trump administration had downsized the pandemic preparedness team that was part of the National Security Council and did not follow the NSC pandemic playbook.
"Candidly, there are limits to what the federal government can do because most of the resources to actually fight an emergency like this belong to the states," he said. But, a pandemic puts everyone on the front line, creating "a uniquely local emergency" that requires each family, business, church, and school to have a plan.
From political leaders to people staying home, Leavitt said "every American needs to understand that they have a role" in curbing the spread of the novel coronavirus by making sure they aren't accidentally spreading the virus to strangers or loved ones.
"Right now, everything is affected, everyone is affected, and therefore there is a role for everyone," he said. Leavitt, who said a close friend had died yesterday due to coronavirus, said experiences like that are "causing all of us to become much more understanding of the severity of this."
Pandemics fundamentally change the shape of the world, Leavitt said. He said he has studied pandemics throughout history and thinks "we're going to see profound impact on [politics, economics, and sociology]."
"There are very few times in the history of a nation where everyone's heart sort of beats together for the same purpose. And we are uniting and doing remarkable things as a country" he said.
President Joe Biden announced Friday that along with the European Union and the Group of Seven countries, the U.S. will revoke “most favored nation” trade status for Russia over its invasion of Ukraine.
The consumer price index jumped 7.9 percent in February, marking a 40-year high for inflation in the U.S. This report comes less than a week ahead of the Fed's all important meeting. Kayla Bruun, Economic Analyst, Morning Consult, joined Cheddar's Opening Bell to discuss.
Markets opened lower amid hotter-than-expected inflation data, which surged to its highest level in nearly 40 years. Lisa Erickson, Senior Vice President and Co-Head, Public Markets Group, U.S. Bank joined Cheddar's Opening Bell to discuss the significance of this figure ahead of the Federal Reserve's FOMC meeting.
As the Russia-Ukraine war disrupts the global economy, sending markets on a roller coaster ride, gold remains hovering around $2,000 an ounce. Often seen as a safe haven in times of economic crisis, Jason Cozens, founder and CEO of gold-as-currency platform Glint Pay, joined Cheddar’s Opening Bell to discuss the latest gold rush, how the war is impacting prices, and how people can use Glint to trade in the precious metal. “You know the stock markets and cryptocurrencies are risky investments," he stated. "Whereas gold is just reliable money. It's no one else's liability if you own."
As Western sanctions weigh on Russia's economy, the country is at the risk of defaulting on its debt. Fitch ratings agency has downgraded Russia's debt for the second time in a week, warning a "sovereign default is imminent." Jesse Wheeler, Economic Analyst at Morning Consult, explains what that means, and how it could have ripple effects across the global economy.
Uber Lyft and Doordash are all set to spend $1 million dollars on a campaign and efforts to stop lawmakers from classifying their gig workers as employees. The campaign features TV and online ads highlighting Washington area workers who say they prefer the flexibility of being an independent contractor rather than following the model of a company employee. Professor at NYU. Stern School of Business and author of the sharing economy, Arun Sundararajan, joined Cheddar to discuss more.
President Biden is looking at unlikely partners to buy oil, after banning all Russian energy imports. Among them is Venezuela, a regime that has been sanctioned by the U.S. since 2019. Ariel Cohen of the Atlantic Council explains to Cheddar News why that might not be a bad choice.
