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.
A new report from ProPublica and the Washington Post found that Facebook Groups played a major role in the spread of misinformation linked to the January 6 insurrection with more than 650,000 posts claiming that Joe Biden's election victory was illegitimate.
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.
U.S. President Joe Biden spoke with Ukrainian President Volodymyr Zelensky over the week-end, just days after he spoke with Russian President Vladimir Putin. The call comes as Washington prepares to meet with Moscow on January 10, as tensions mount over Russia's military build up near its border with Ukraine. Cheddar News speaks with Mustafa Tameez, a former advisor to the U.S. Department of Homeland Security, about the issue.
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.
Chris Sommerfeldt, City Hall reporter for the New York Daily News, joins Cheddar News' Closing Bell, where he discusses both the wins and losses of Bill de Blasio's eight years as New York City Mayor.
The push to regulate the gig worker economy is gaining steam as the share of workers who participate in freelancing through businesses like Uber and Lyft have also exponentially grown during the pandemic. Employment attorney Mark Kluger, founding partner at Kluger Healey, LLC, joined Cheddar to break down how the battle to reclassify gig workers will continue in the new year, and why the issue continues to generate conflict. "More and more workers are using gig work as their primary source of income and as a result of that they are not like employees in the sense that they don't have benefits like health insurance," Kluger noted.
2021 saw markets continue to be impacted by the onslaught of the coronavirus pandemic -most recently in the form of the Omicron variant- in addition to the global supply chain shortage, and increased inflation. But it wasn't all bad news, as crypto soared throughout the year, and meme stocks continued to have a moment. With the year coming to a close, investors are keeping an eye out to see if they should expect more of the same in the new year. Chris Vecchio, Senior Analyst, at DailyFX tells us what market trends to be on the watch for in 2022.
