The Trump administration last week rescinded a Obama-era rule that asked HUD recipients to measure and consider fixes to racial segregation in their communities.
President Donald Trump then followed up the decision with a tweet that critics say was an explicit appeal to white, suburban voters.
"His tweet was aimed at a strategy of appealing to racial resentment and really people's worst ideas about how our communities should be structured," David Sanchez, director of research and development for the National Community Stabilization Trust, told Cheddar. "Attitudes like that are a big reason why we have such severe segregation by race, class, and opportunity in this country, and unfortunately the president is trying to use those fears to benefit himself politically."
The loss of the rule itself has gotten less attention, in part due to its low profile as more of a regulatory tweak than an aggressive federal policy.
The Affirmatively Furthering Fair Housing Rule that Trump's HUD eliminated asked municipalities and housing authorities to account for racial bias in their communities by writing a report and issuing recommendations, but it did not force municipalities to address segregation directly.
"It was about gathering data," Sanchez said. "It was about getting people talking about segregation. But it wasn't about forcing communities to do anything."
In the long-term, though, he added that cutting the rule will only contribute to the ongoing economic divide between the suburbs and cities.
"It's going to continue to concentrate economic resources, social privilege in certain people who can afford to live in high-opportunity communities," Sanchez said. "In the same way the COVID crisis has supercharged inequality in this country, this is just another step in that direction."
With the Russian invasion of Ukraine raging on, millions have turned to TikTok to stay up-to-date on the latest developments and get a first-hand look. The social media platform has been so prominent that the war has been dubbed "the first TikTok war" by many publications — and even the White House has taken notice. The Biden administration held a virtual briefing with 30 social media creators to discuss their role in communicating to their followers by countering what it deems as being misinformation. Ellie Zeiler, an 18-year-old TikTok star who attended the briefing, joined Cheddar to talk about the conference and her responsibilities as a social media creator. "How could you not be a little nervous or scared when you're getting your information and media all from this app? But also then you think back to, I guess, when media was changing between newspapers and TV, and I'm sure people were nervous about that too," she said. "So the fact is, is that people do really look to Tiktok and social media for their news."
U.S. markets closed the day at session lows as the Dow marked its fifth straight week of losses. Investors continue to weigh inflation and the ongoing Russia-Ukraine war and growing economic risk factors. George Seay, CEO of Annandale Capital, joins Cheddar News' Closing Bell to discuss.
U.S. stocks ended Thursday's session lower as new CPI data show inflation continues to rise and the Russia-Ukraine war continues. Philip Palumbo, founder, CEO, & Chief Investment Officer of Palumbo Wealth Management, joins Cheddar News' Closing Bell to discuss.
It's been an eventful past few weeks for the WNBA. One of the league's top players, Brittney Griner, remains in Russian custody after being detained at an airport last month. The league is also dealing with a scandal after fining a team for providing charter flights to their players. Emily Caron, sports business reporter for Sportico, joined Cheddar News' Closing Bell to discuss.
School nutrition experts warn that millions of children could go hungry as soon as this summer, after Congress excluded waivers that would extend universal lunch for children in school from the $1.5 trillion omnibus spending bill. Cheddar News speaks with Jessica Gould, chair of the public policy and legislation committee at the School Nutrition Association, about the issue.
The ongoing semiconductor chip shortage has been impacting everything from the purchase of cars to smartphones. Deputy Commerce Secretary Don Graves spoke with Cheddar about the Biden administration's efforts to combat the issue and if the current crisis in Ukraine will have any impact on the global supply chain problems for semiconductors. "We're working very closely with all of our partners and allies around the globe, just as we have on the export controls and sanctions that we've applied to Russia to deal with that needless aggression," he said. "We're also working with them on the challenges of raw materials for a range of industries, including the semiconductor industry. We believe that we are going to be able to meet the demand for the for the near term."
Deputy Commerce Secretary Don Graves spoke to Cheddar's Alex Vuocolo about the ongoing semiconductor shortages and the push from the Biden administration to cover the supply chain problem as well as look ahead to future-proofing it.
President Maxx Fenning and Vice President CJ Walden of PRISM, a Florida non-profit providing resources for LGBTQ youth, joined Cheddar News to discuss the negative repercussions of a Florida bill banning discussions of sexuality and gender identity in some classrooms.
