As Arkansas emerges as one of the states with the highest per capita COVID-19 deaths, Governor Asa Hutchinson on Thursday defended his decision to keep much of the economy, including schools, open during the pandemic.
"It's all about maintaining a balance through the last year, and we never shut down our economy in Arkansas — [I] did not think that was the right decision," Hutchinson told Cheddar.
The University of Arkansas for Medical Sciences released a report on Tuesday that the state — with a total of 5,273 COVID deaths as of March 5 — has a higher per capita death rate than hard-hit states such as New York, Texas, Florida, and California
The governor, however, made the case that the state's higher death rate was not related to its pandemic response, but rather existing health indicators throughout the U.S. South.
"When you talk about the great tragedy of the death rates, that's sad," he said. "It's something that we want to avoid, but obviously when you look at the Southern states there's some health indicators that are not high on the scale, and I think history will look back and see exactly some of those reasons. But, I think we've maintained the balance through this here in Arkansas."
Hutchinson said he was aiming to end the state's mask mandate by March 31. At that point, the mandate would become guidance.
He noted that one criterion was the state reaching a positivity rate below 10 percent. The current rate is 2.9 percent.
The governor said private companies, however, will still have the right to mandate mask use, and that the state would incentivize them to follow the guidelines by offering liability protection.
"We also give them an incentive that if they follow guidelines, then they're going to have business liability immunity, so you can't be sued for somebody getting coronavirus if you're following the guidelines," he said.
Arkansas Near-Total Abortion Ban
Hutchinson also commented on his decision to sign a bill that represents a near-total ban on abortions in the state, including in cases of rape or incest, all but ensuring a challenge to Roe. v. Wade that could make its way to the U.S. Supreme Court.
While the governor had expressed support for those exceptions in the past, he said he signed the bill due to his overall pro-life stance and desire to bring a challenge in front of the conservative Court.
"This was designed to give a challenge to the Supreme Court and an option to reverse Roe versus Wade," he said. "Yes, I would have preferred to have the rape and incest exceptions in there. I think that would make it more amenable to the Supreme Court to review the case, because it has more popular acceptance, but in Arkansas, you can override the governor's veto by a simple majority vote."
The bill had overwhelming support in the state legislature, he added.
Inflation remains hot as the January PPI has increased by 1 percent, twice what analysts had been expecting with a jump of 9.7 over the year. Beth Ann Bovino, the U.S. chief economist, for S&P Global Ratings, joined Cheddar News to discuss the rapid pace of inflation alongside higher wages, predicting the Federal Reserve will act quickly and forcefully this year. "They haven't changed their forecast, yet, that's gonna come out soon. But we expect that a March rate hike is basically pretty much baked in the cake," she said. "We think six rate hikes in total for 2022."
For black history month, Cheddar is highlighting black business leaders who are driving the need for representation forward. On February 10, the U.S. Chamber of Commerce hosted an event called 'Developing the Black-Owned Business Ecosystem.' The virtual event was organized under the lobbying group's two initiatives -- the Equality of Opportunity Initiative, and the Coalition to Back Black Businesses. The event highlighted the developments needed to develop more black-owned businesses in the U.S. Dr. Anthony Wilbon, Dean of the School of Business at Howard University, joined Cheddar News' Closing Bell to discuss his experience as a speaker at the event.
A newly declassified letter by senators Ron Wyden and Martin Heinrich claimed the CIA. has been conducting a Secret Surveillance Program which has been collecting a bulk of data from American citizens. The letter which was written in April of 2021 urges the CIA to come clean about the kind of data it collects and how many Americans have been impacted. According to these two senators, the program did not have the safeguards of congressional oversight.
Art Hogan, Chief Market Strategist at National Securities, joined Cheddar News' Closing Bell, where he says investors are taking a wait-and-see approach when it comes to the situation between Russia and the Ukraine and elaborates on the impact higher oil prices stemming from the conflict would have on the market.
Last week, Senators Ron Wyden of Oregon and Martin Heinrich of New Mexico, Democrats on the Senate Intelligence Committee, wrote a a letter airing concerns that the CIA is collecting the data of American citizens without their consent. The lawmakers fear that the program might be exploiting private data. Morgan Wright, the chief security advisor at cybersecurity firm SentinelOne, joined Cheddar News to discuss the ramifications of the letter. "We don't have all the dots in one place to connect them," said Wright, cautioning against jumping to conclusions.
Russian President Vladimir Putin and his Foreign Minister Sergey Lavrov said that diplomacy is still possible, while U.S. officials warn that an attack on Ukraine is imminent. Cheddar News speaks with James Astill, Washington bureau chief of The Economist on the latest developments in Eastern Europe.
As the number of Russian troops rose to 130,000 along its Ukrainian border, hopes for a diplomatic solution remain among world leaders. Jason McMann, head of geopolitical risk analysis at Morning Consult, joined Cheddar News to break down the fluid situation. "We saw signs pointing towards an increase in tensions between Ukraine and Russia, whereas today we're seeing some signs that the Russian government may be willing to continue down a path of diplomatic negotiations to try and find some sort of non-military solution," he said.
Nancy Pelosi and House Democratic leaders are now planning to amend the stop trading on congressional knowledge act, otherwise known as the 'Stock' Act. This 2012 law governs how members disclose the purchase or sale of stocks and amending it would close a loophole, eliminating the trading of individual stocks by members of congress. Pelosi has consistently opposed a ban on stock trading by lawmakers and congressional staff...so what's changed? Kedric Payne, Vice President of Campaign Legal Center, joins Cheddar News to discuss.
In a 5-4 vote, the U.S. Supreme Court allowed for a controversial new version of the Alabama congressional map to remain in place. The lower court had previously ordered that the state must redraw that congressional map because it violates the Voting Rights Act by diluting the political power of Black voters. Redistricting expert Yurij Rudensky joins Cheddar News to weigh in.
