From Hollywood to Capitol Hill, the allegations of sexual harassment against prominent figures in their industries seem to be piling up.
And one policymaker wants to change how claims of harassment are handled in the nation's capital.
“I would like to know how much money was spent [to settle claims of] sexual harassment,” Representative Gregory Meeks tells Cheddar, adding that there’s a lot to be done in terms of changing the prevailing system.
Current policy for harassment claims in Washington doesn’t require that the amount of settlements are disclosed. Meeks says that not only do taxpayers deserve to know when their money is being used as a settlement, but that there needs to be a space that encourages victims to come forward.
The New York Democrat is calling for a “zero tolerance” policy.
Meeks’ statements come after Rep. John Conyers (D-MI) resigned from his position as a ranking member of the House Judiciary Committee amid a wave of accusations. The eighty-eight year old reportedly reached a $27,000 taxpayer-funded settlement in 2015 with a staffer who reportedly refused his advances. While Conyers has denied any wrongdoing, he said he’s decided to step aside to allow the House Ethics Committee to conduct its investigation.
Sen. Al Franken (D-MN) has also had to respond to allegations that he groped or forcibly kissed women without their consent. In a short press conference Monday, the SNL alum apologized for his behavior and promised he’ll work to regain voters’ -- and women’s -- trust. Franken was recently defended by female co-stars of SNL who called him a family man and stood in solidarity with him.
Then there’s Alabama Senatorial candidate Roy Moore, who’s running to fill the seat vacated by now-Attorney General Jeff Sessions. The GOP judge has been accused of preying on teenage girls while he was in his early thirties. He has rejected those claims and won the endorsement of President Donald Trump.
Many have called for the politicians involved to step down entirely. Meeks supports an investigation into allegations against Franken and others, but draws a sharp distinction between that and those who have a track record of abuse.
“Roy Moore is a whole different thing, even Charlie Rose, where you see a pattern of consistent and persistent aggression trying to lure someone into bed,” he said. “Or even the words of the current President of the U.S. who said that he felt, because of his celebrity, status to grab women where he wanted to grab them.”
House Minority Leader Nancy Pelosi, meanwhile, came under fire for her defense of Conyers this weekend. After calling for an ethics investigation against her colleague, the California Democrat went on NBC’s “Meet the Press” and made statements that some perceived as bipartisan or tone-deaf.
In an interview Sunday, before Conyers stepped down from the Judiciary Committee, Pelosi touted his record in support of women and questioned the identity of his accusers.
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.
