In Maryland, the Montgomery County Council has introduced a resolution deeming racism a public health crisis.
In an interview with Cheddar, councilmember Will Jawando says disparities the black community faces are staggering. Recent social uprisings might have lit the flame under Jawando to introduce the resolution but the issue of racial inequality goes back hundreds of years, he said.
"Racism is the direct result, for 401 years, we've been either property or legally discriminated against for most of that time," Jawando told Cheddar.
In Montgomery County, systemic racism is not limited to just over-assertive and sometimes lethal policing of the black community, he said. It's also running rampant in the healthcare system. As COVID-19 continues to ravage communities of color nationwide, 18 percent of the black population in his county makes up a quarter of the deaths related to the virus.
For Jawando, racism in the Washington DC suburb is simply a reflection of society on a smaller scale.
"If you look at maternal health and childbirth, black women die at three times the rate," he said. "When they come in with problems, often doctors — look at Serena Williams — don't believe that they're sick."
Introducing the resolution, which he expects to pass next week, is a first step for curing the public health crisis in his county, Jawando said, but he hopes the measure is eventually recognized on both the state and federal levels. He also supports other methods of combating racism including the growing call to defund police departments nationwide.
"We shouldn't have stats driven by policing," he explained. "De-escalation, that should be rewarded just as much as we reward arrests and tickets."
With the Fed about to the announce a 25 basis point interest rate hike on Wednesday, what exactly does this mean for investors, consumers, and businesses?
Ukrainian President Volodymyr Zelenskyy has summoned the memory of Pearl Harbor and the Sept. 11 terror attacks in an impassioned video plea to Congress to send more help for Ukraine’s fight against Russia.
In February, Senator Jeff Merkley (D-Ore.) and Representative Jamaal Bowman (D-N.Y. 16th District) introduced the Fair College Admissions for Students Act. The bill looks to curb the admissions advantage given to the children of alumni and donors for colleges and universities. Sen. Merkley joined Cheddar news to discuss the push behind the legislation. "My dad was a mechanic. I was applying to schools around the country. I never thought about the fact that those students who came from the most privileged backgrounds also got a special advantage in applying to college," he said. "They take up 10-25 percent of the slots at many of our universities, and so this is kind of affirmative action for those who need it least rather than a level playing field for everyone else." If enacted, the law would amend the Higher Education Act of 1965 doing away with legacy or donor status admissions for any school participating in the federal student aid program.
Nancy Daoud, a private wealth adviser for Ameriprise Financial, joins Cheddar News' Closing Bell, where she discusses what led to a sharp spike on Wall Street during Tuesday's session and what she will be watching for most closely when the Fed announces it latest policy decision on Wednesday.
Russia's economy is effectively at a standstill after it was slapped with extensive western sanctions, and now it has to make the first of four monthly interest payments on dollar bonds. It's likely the country will not be able to pay — so what happens next? Major credit ratings agencies have downgraded Russian sovereign debt, with Fitch issuing a 'C' rating and S&P Global Ratings issuing a 'CCC-' rating. Caleb Silver, Editor in Chief of Investopedia, joins Closing Bell to discuss what a Russian debt default could mean for Russia's economy, U.S. consumers who have pensions with exposure to Russian assets, and whether this could create a global financial crisis.
With the number of Ukrainians being displaced due to the Russian invasion surging, two students from Harvard took it on themselves to develop a website to help connect potential hosts with refugees seeking housing. The co-founder of the website Ukraine Takes Shelter, Marco Burstein, joined Cheddar news to discuss working together with fellow freshman Avi Schiffmann to streamline the effort to aid Ukrainian refugees. "We basically worked for three days straight developing the website, and since then the response has been pretty incredible," Burstein said.
Over three weeks ago, WNBA player Brittney Griner was arrested in Russia on drug charges. According to reports, the Star arrived at an airport near Moscow where authorities found Vape cartridges and hashish oil in her luggage. Grindr faces serious charges that could carry a possible sentence of 5-10 years in a Russian prison. Experts warn that Griner's arrest could be used as a bargaining chip. Partner at Stroock & Stroock & Lavan, Thomas Firestone, joined Cheddar to discuss more.
