In the wake of the 2016 election, social media has been singled out for blame for the ways in which some platforms were so easily manipulated into tools against democracy.
For 23-year-old Richard Wolf, it’s a completely different story; social media is the driving force behind his campaign to become the Democratic nominee in Texas House District 63.
“At least for my district...online communities have really put together a lot of really strong volunteers...and have really mobilized the Democrats in my area,” Wolf told Cheddar.
Wolf has been wielding memes to discuss liberal policy proposals on social media, which he says is the most cost-efficient and unfiltered way to campaign. So far, he has only spent about $200 on online advertising.
“Basically, I just make whatever I want, do whatever I like, and I put that online,” Wolf said. “So far, I’ve been getting pretty positive responses.”
Early voting numbers for the Texas primary on Tuesday show that Democratic turnout has surpassed GOP voting, giving the party momentum and hope to flip the Lone Star State. The Democrats face an uphill battle there as the Republicans now hold 95 of the 150 seats in the state House. But Wolf sees positive signs.
“People are not happy with the Trump administration...and we can see the Republican party kind of losing energy.” said Wolf.
Only time will tell whether the rising Democrat tide will lift Wolf’s boat at the ballot box.
For the full interview, [click here](https://cheddar.com/videos/how-this-texas-house-candidate-is-using-memes-to-move-the-state-leftward).
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.
