The non-profit organization Stop AAPI Hate is working to bring awareness to the rise in attacks against Asian and Pacific Islander Americans. The group just released data from thousands of incidents that were reported to the group throughout the United States last year. Now the group is calling on all Americans to join efforts to end discrimination against AAPI people, said Cynthia Choi, co-founder of the organization.
With President Donald Trump publicly blaming China for the spread of COVID-19, The non-profit reporting center was founded in 2020 as reports of crimes against Asian people began to increase. According to the data, nearly 3,800 incidents were reported to the group between March 2020 and February 2021, and Choi alleged that even this number is a vast misrepresentation of the entire picture.
"We’ve pretty much said from the very beginning that we know that people are underreporting on our site, and there’s definitely been an historic underreporting to law enforcement and government agencies, which is one of the reasons we started this reporting center," she said.
Though it's still too early to compare the entirety of 2020's stats to just two months of data from this year, Choi said incidents aren’t getting less intense. They are simply being reported less frequently for a myriad of reasons. She also noted that the incidents aren’t just limited to Asians being subjected to verbal and physical assaults on the streets, but they're "pervasive and systemic" and not all "hate crimes." According to the report, more than 35 percent of reports of discrimination happened at the site of businesses.
For Asian women, the issue has been even more prevalent as women, in general, tend to experience more harassment than men, and Choi said a short-term goal is to spread awareness about the Stop AAPI Hate reporting center so it has more data that would help establish plans to bring an end to these kinds of attacks.
"It’s very concerning that this is happening from across the country where we see reports from all 50 states including DC. We’re seeing, again, that these types of acts are really penetrating everywhere," she said.
Right now, the center accepts reports in 12 different languages.
The group also provides an outlet for people that do not identify as Asian to pitch in and use their reporting tool as well.
"We also have resources for people who are concerned about being directly targeted and also for those who witness individuals being targeted, not just Asians, but other groups that are being targeted because of what they look like, their gender — and how to do that safely," Choi said.
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.