For 139 Years, the American Red Cross has been a helping hand during uncertain times and 2020 has been no exception. Recently the organization has had its hands full, offering relief from natural disasters like wildfires in California and Hurricane Laura, amid the coronavirus pandemic.
"My heart goes out to the people that have been experiencing these back-to-back-to-back disasters," said Gail McGovern, president and CEO of The American Red Cross. "Within the last 30 days we had the derecho in the Midwest, we had wildfires in California, and now, of course, we're dealing with Hurricane Laura."
Hurricane Laura left significant devastation in its path, affecting about 700,000 homes. "It's either they're out of power or the sewage system isn't working. or the water isn't working," said McGovern. "It's very, very difficult out there."
The organization has been distributing about 45,000 meals per day throughout this hurricane relief effort.
While it is not uncommon for the Red Cross to juggle multiple disaster response efforts simultaneously, 2020 has brought the additional challenge of helping large numbers of people with COVID-19 still spreading."We're still delivering our mission despite the pandemic," said McGovern.
In addition to staff members, the aid organization relies heavily on volunteers. "I have to say that I am so proud of our volunteers because they are coming out in the same numbers that they had been pre-COVID, which is remarkable," said McGovern. "These people are humanitarians: they see a need and they just have to jump in and fill it." She noted they could still use more volunteers and there are opportunities for people to volunteer virtually.
"We're still fulfilling our mission, but the way we are doing it is completely different. Wherever possible we are trying to put people in hotels, and we're doing that so that they can social distance so that we're not in large congregate shelters where the disease can spread," said McGovern. "If we have to open up a shelter we're trying to open up multiple shelters so there are fewer people in each."
People using the shelters receive health screenings when they enter and are required to wear masks. Inside, cots are socially distanced and hand sanitizer is readily available, she added. The organization has been able to secure a large number of hotel rooms, though, so people have a safe place to go where they are not surrounded by crowds.
Donations are still needed, however. "We think Hurricane Laura is going to probably cost about $20 million dollars and so far only $2.1 million has come through the door. Any gift would be deeply, deeply appreciated regardless of the size," she noted. Donations can be made at Redcross.org.
"It's a different world and yet we're still out there helping people to the best of our ability."
We are just one day away from what has been called the most influential tech event in the world. CES 2022 will officially kick off on Wednesday in Las Vegas, but the annual tech summit is being impacted by COVID-19, like so many other recent events. The Consumer Technology Association originally planned for a hybrid event to take place from January 5-8, with some in-person events and some virtual; however, a few big-name companies announced they will not be attending in-person, so the CTA decided to shorten the event by one day, with it now ending on Friday. Consumer electronics senior analyst Will Greenwald joins Cheddar News' Closing Bell to discuss.
California's new composting law will affect what residents do in their kitchens. As of this week, Californians will have to recycle excess food in an effort to reduce emissions caused by food waste. Cities and counties will turn recycled food into compost or use it as a renewable energy source. California's new law is the largest mandatory residential food waste recycling program in the country. Rachel Wagoner, Director of the California Department of Resources, Recycling and Recovery called the law 'the biggest change to trash' since recycling started in the 1980s. She joined Cheddar Climate to discuss.
Fast-casual restaurant chain Sweetgreen is rolling out its first salad subscription service called sweetpass as it looks to customers tackling new year weight loss and health goals. Members will receive up to 30 percent off of purchases.
Washington DC and the surrounding areas saw a record breaking snow storm Monday as a strong storm system works its way across the eastern U.S. The extreme weather event caused extensive damage in the greater Washington area, leaving thousands in the region without power. Jonathan Porter, Chief Meteorologist, AccuWeather, joined Wake Up with Cheddar to discuss the fierce storm.
Airlines canceled more than 3,000 flights on Monday over severe weather and crew shortages. The cancellations come on one of the busiest travel days of the holiday season, and is a continuation of the industry-wide disruption that started before Christmas. Thomas Pallini, Aviation Reporter for Insider joined Wake Up with Cheddar to discuss.
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.
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.
There is a new player in the mobile app stock trading space.
Zingeroo recently announced a funding round of $8.5 million. The company says it aims to bring 'friendly competition' to stock trading, by literally breaking trading down into daily and weekly competitions between friends. Zingeroo also says it hopes its new approach can make trading more accessible, educational, and social than ever before. Zingeroo co-founder and CEO Zoe Barry joins Cheddar News' Closing Bell for more.
