Get the Need2Know newsletter in your inbox every morning! Sign up here!

Here are the headlines you Need2Know for Tuesday, March 8, 2022:

HUMAN RIGHTS ABUSES

The U.S. is now looking into possible Russian war crimes and human rights abuses, as Ukrainians on the ground accuse Moscow of waging "medieval-style" siege warfare. The two sides wrapped up a third round of talks that made only minor progress toward establishing "safe corridors" for civilians trying to escape the fighting. All of these developments are escalating fears that more and more civilians will be caught in the crosshairs. CNBC


We thought the war was the crime?

RECORD GAS PRICES

Gasoline prices have hit a record high of $4.17 per gallon and yet the U.S. and its European allies are signaling that a ban on Russian oil imports is still on the table. Secretary of State Antony Blinken said "very active discussions" are underway to cut off Russia from the life-blood of its economy. The move is highly controversial given Russia's outsized role in the global oil market. Germany is warning against the measure, while the rest of EU is divided, and the U.K. is all in. Whatever governments end up doing, private energy companies are getting increasing pressure to back out of Russia and today oil giant Shell relented and announced it'll stop buying Russian oil and natural gas. USA TODAY

COMPANIES WEIGH PULLOUTS

Shell wasn't the only Western company still doing business with Russia. McDonald's and PepsiCo also haven't shut down their operations in the country, which places them among 32 other hold-outs that have significant exposure in Russia, according to a running tally from a Yale University professor. In the meantime, at least 200 companies have pulled out. Recent additions to the list include Netflix, TikTok, and Samsung. Visa and Mastercard have also shut down their operations in the country and now Russia is looking to China for alternative payment processors. THE LIST

Boycott or be boycotted.

BLOCKING CRYPTO WALLETS

Coinbase, the world's second largest crypto exchange, has announced that it's blocking 25,000 Russian users who it said are involved in illicit activity. The move from Coinbase comes as crypto exchanges face increasing pressure from the U.S. government to cut off Russian users. Most exchanges have said they will fully comply with the law, but that they won't punish ordinary Russians for their government's actions. CEO Brian Armstrong said many Russians are using "crypto as a lifeline" as their currency collapses, and a ban would hurt them too. BLOOMBERG

CUTTING TRUCK EMISSIONS

The days of diesel-powered trucks pumping out exhaust could be numbered, as the Biden administration proposes new pollution standards for commercial tractor-trailer rigs. The rules take aim at smog- and soot-forming nitrogen oxide emissions, which are also known to cause respiratory problems in humans. In addition to the advent of battery-powered trucks, the EPA is banking on new pollution control devices to cut emissions. While the trucking industry says it's open to cutting pollution, there's been some pushback that the new standards are technically impossible and could make trucks costly and unreliable. WSJ

AMAZON (RAINFOREST) STRUGGLING

In other environmental news, more than 75% of the Amazon rainforest is struggling to recover from an onslaught of logging, wildfires, and droughts. A new study from the journal Nature Climate Change looked at over two decades of satellite images to conclude that large swaths of the rainforest are becoming less resilient, and could eventually turn into dry savannah. That means entire species of plants and animals could disappear and may threaten the Amazon's crucial planetary role as a massive natural storehouse for carbon dioxide. AXIOS

REDISTRICTING MOVES AHEAD

In a win for Democrats, the Supreme Court is allowing new electoral maps in Pennsylvania and North Carolina to move forward, rejecting pleas from Republicans to overturn them on constitutional grounds. This is a big deal because at issue is whether courts have the right to overturn state legislatures that engage in gerrymandering. While the decision doesn't settle the issue permanently, it does mean that the two states in question will get a chance to reshape their electoral maps after decades of gerrymandering. NY TIMES

“Hello, Gerry.”

[Giphy]

'SQUID GAME ELECTION'

In what some are calling the "Squid Game Election," after the popular Netflix survival-horror series, South Korea's leading presidential candidates are waging the most toxic political campaigns in recent memory. We'd probably need another Netflix series to break it all down, but the mud-slinging has been especially brutal. Supporters of Lee Jae-myung, of the governing liberal party, have called his opponent a "beast," while Yoon Suk Yeol, of the conservative opposition, has described Lee's party as "Hitler." Both candidates have also filed multiple lawsuits charging the other of spreading false information and there's widespread speculation that the loser will end up in jail. AP

They should play children’s games to determine the winner.

BILL COSBY STILL FREE

The Supreme Court has rejected a bid from Pennsylvania prosecutors to review the lower court decision that overturned Bill Cosby's sexual assualt conviction from 2018. The disgraced comedian, who was sentenced to three to 10 years in prison for drugging and sexually assaulting Andrea Constand in 2004, walked free last year after the state Supreme Court overturned the conviction on the grounds that the prosecution had violated Cosby's due process rights. The legal details of the rejection are pretty technical, but the result is clear: Cosby, who multiple women have publicly accused of rape and sexual assault, will not return to jail. CNN

LEFTOVERS: COUNTRY ROYALTY

Miranda Lambert took home the top honor at the 57th Academy of Country Music Awards while Morgan Wallen's "Dangerous: The Double Album" won Album of the Year, just a year after he was banned from the show for using a racial slur. Kelly Clarkson also honored Dolly Parton with a beautiful rendition of "I Will Always Love You." And speaking of country royalty, Prince Harry raised some eyebrows when he popped up in Texas over the weekend to check out bull riding at Fort Worth's Stockyards Championship Rodeo.  PEOPLE

Need2Know Podcast Note: The Need2Know podcast is taking a break for now. We're looking forward to bringing you more context and analysis on the big stories of the day in a few weeks. In the meantime, check out our archive on Apple or Spotify, or watch on YouTube, and send us your feedback!

Share:
More In Culture
Rock & Rock Hall of Fame Announces 2022 Nominations
Dolly Parton, Eminem, Lionel Richie, and Carly Simon are just a few of the nominees announced for the Rock & Roll Hall of Fame 2022 induction. Results of the voting will be released in May, however, the ceremony date has yet to be announced.
How A.I. is Reinventing Remembrance; Biodiversity of the Humboldt Current
On this episode of Cheddar Innovates: CEO of HereAfter AI discusses how artificial intelligence can be used to preserve family history and stories, and allow you to 'talk' to loved ones that have passed; Creator of the board game 'Travel Explore Discover' explains how she came up with the idea for this informative and educational board game, and how she's using the proceeds to give back to her community; Cheddar gets a look at Curiosity Stream's 'The Humboldt Current.'
Despite Black Participation in Stock Market Lagging, Investment Gap Might Improve
According to the Federal Reserve, the investment gap between Black and white Americans has remained substantial, with only 34 percent of Black households joining in on the historic rise in the markets. Stacey Tisdale, the first Black woman to have reported from the NYSE and the CEO and president of Mind Money Media Inc., said that the data might not be as disheartening as it seems. "I think that number is very deceiving. That Federal Reserve study is actually from 2019, and it's very important that we all look beneath that number and look beneath the surface because there is nothing short of an investing revolution going on in the Black community," Tisdale said.
How 'HereAfter AI' is Reinventing Remembrance
James Vlahos, Co-Founder and CEO of HereAfter AI, joins Cheddar Innovates to discuss how artificial intelligence can be used to preserve family history and stories, and allow you to 'talk' to loved ones that have passed.
Tik Talk: Meet The LSU Tiger Girls, National Champions & Comeback Queens
An award-winning performance by the LSU Tiger Girls dance team is going viral on TikTok, but like many other viral tiktoks, this one had a larger story to tell. The story goes back to 2021 when for the first time in 22 years, the LSU dance team was informed it could not compete at Universal Dance Association Nationals. The team made their anticipated return to UDA Nationals this year with a performance that delivered a strong and clear message to their university. The LSU Tiger Girls walked away from the competition with their first national championship title in 12 years, redemption against the university that held them back, and of course- millions of new fans and friends on TikTok.
Factorial Energy Raises $200 Million to Accelerate Commercialization of Its Solid-State Batteries for Electric Vehicles
Solid-state battery maker Factorial Energy recently raised $200 million in a Series D round led by Mercedes-Benz and Stellantis. Factorial says the funding will be used to accelerate commercial production and deployment of its solid-state battery technology, which the company says is safer, and offers up to 50% more driving range than current lithium-ion technology. Factorial also has joint development agreements (announced in late 2021) with Mercedes-Benz, Stellantis, and Hyundai, three of the top 10 global automotive manufacturers, to commercialize its batteries. Factorial CEO Siyu Huang joined Cheddar News' Closing Bell to discuss.
Brian Flores Lawsuit Looks to Address NFL's Lack of Diversity at the Top
Former Dolphins coach Brian Flores filed a lawsuit against the NFL over racial discrimination, exposing a long-running problem the NFL has had with diversity in its top coaching and management positions. Eric Mitchell, the president and CEO of public relations and communications company LifeFlip Media, joined Cheddar News to delve into the scandal rocking the pro football world just before the Super Bowl. "There is a problem. If you look at who owns teams in the NFL, it's right, it's a good old boys club, it's a bunch of old white guys," he said. "So, it's exposing something that's been around for ages and now that we're sitting in 2022 has come up."
Katie Taylor, Amanda Serrano on Being First Female Boxing Headliners at MSG
This April, Madison Square Garden will be hosting the first-ever women's boxing match to headline at the arena in its 140 years of history in boxing. Undisputed lightweight champion, Katie Taylor, and seven-division champion, Amanda Serrano, will go head-to-head for a career-high guaranteed seven-figure purse for both of them. The pair joined Cheddar News to talk about the upcoming "fight of their lives." "I mean, this is the first step I believe," said Serrano. "Unheard of, two women headlining the Garden, we get in the biggest paydays of our career, I hope it continues to break down barriers."
Load More