Alex Vance (L) speaks with medical assistant Lydia Rezene as he donates blood at Bloodworks Northwest on March 17, 2020 in Seattle, Washington. Schools provide 25 percent of local blood donations and their closing due to the coronavirus (COVID-19) outbreak has officials worried the region could see a shortage. (Photo by Karen Ducey/Getty Images)
Americans capable, willing, and able to donate blood are encouraged to do so during an era of social distancing.
"Social distancing doesn't have to mean social disengagement," U.S. Surgeon General Dr. Jerome Adams said during the Coronavirus Task Force briefing on Thursday, warning of blood shortages.
American Red Cross Senior Vice President Paul Sullivan told Cheddar he's concerned about an already low blood supply in the U.S., compounded by a recent wave of coronavirus-inspired blood drive cancellations, numbering more than 5,000 drives resulting in some 170,000 fewer donations.
Sullivan said he still plans to continue donating.
However, the Red Cross is changing its normal precautions in response to coronavirus concerns. Sullivan told Cheddar those new precautions include temperature checks before entering the donation space and changing gloves between each collection.
Surgeon General Adams also explained beds are six feet apart and staff members are disinfecting surfaces more often.
"So give blood today. You'll feel good about it, and you'll be helping your country and community during this crisis. And you might even save a life," he said.
Red blood cells only have a shelf life of 42 days and platelets just 5 days, so blood donations must continue in order to continue vital medical procedures to keep people alive.
"As this progresses, the way it will challenge our healthcare system … it will be just that — it will be very challenging," Sullivan warned. "No one gets a transfusion if they don't need it. We don't want to put the medical community in a situation where they have to pick who gets blood and who doesn't."
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.
