Despite months of protests across the U.S. this summer, policing in America is coming under scrutiny once again after police in Kenosha, Wisconsin shot Jacob Blake, an unarmed Black man, in front of his children. Now Congresswoman Yvette Clarke (D- N.Y. 9th District) is imploring the Senate to finally move on the George Floyd Justice in Policing Act, which was passed by the House of Representatives in June.
"We've yet to see any real meaningful action around that legislation," Clarke told Cheddar. "There can't be another generation of Black children raised in this climate and subjected to the inhumanity that unfortunately can lead to death in this nation."
While Blake survived being shot multiple times by an officer on Sunday, his family has reported that he is paralyzed from the waist down.
When it comes to government action on policing in America, Clarke said states like New York have been responsive and are taking steps to provide transparency and accountability but action needs to be taken on the federal level.
"We need national policy. This is a problem from New York to Wisconsin. We're seeing, again, this bias that can be deadly within the policing infrastructure in our nation," Clarke continued.
While Senator Kamala Harris already co-sponsored the act in the Senate, Clarke is hopeful that as the potential vice president, she will be able to do more.
Clarke also championed Harris' nomination for the vice presidential role as a step in the right direction and an opportunity to "bridge that divide" of racial inequality in the U.S.
"It's reflective of the diversity of the party that we know today in terms of gender, in terms of background, race, ethnicity, and I think it's very refreshing," she said.
President Joe Biden announced Friday that along with the European Union and the Group of Seven countries, the U.S. will revoke “most favored nation” trade status for Russia over its invasion of Ukraine.
The consumer price index jumped 7.9 percent in February, marking a 40-year high for inflation in the U.S. This report comes less than a week ahead of the Fed's all important meeting. Kayla Bruun, Economic Analyst, Morning Consult, joined Cheddar's Opening Bell to discuss.
Markets opened lower amid hotter-than-expected inflation data, which surged to its highest level in nearly 40 years. Lisa Erickson, Senior Vice President and Co-Head, Public Markets Group, U.S. Bank joined Cheddar's Opening Bell to discuss the significance of this figure ahead of the Federal Reserve's FOMC meeting.
As the Russia-Ukraine war disrupts the global economy, sending markets on a roller coaster ride, gold remains hovering around $2,000 an ounce. Often seen as a safe haven in times of economic crisis, Jason Cozens, founder and CEO of gold-as-currency platform Glint Pay, joined Cheddar’s Opening Bell to discuss the latest gold rush, how the war is impacting prices, and how people can use Glint to trade in the precious metal. “You know the stock markets and cryptocurrencies are risky investments," he stated. "Whereas gold is just reliable money. It's no one else's liability if you own."
As Western sanctions weigh on Russia's economy, the country is at the risk of defaulting on its debt. Fitch ratings agency has downgraded Russia's debt for the second time in a week, warning a "sovereign default is imminent." Jesse Wheeler, Economic Analyst at Morning Consult, explains what that means, and how it could have ripple effects across the global economy.
Uber Lyft and Doordash are all set to spend $1 million dollars on a campaign and efforts to stop lawmakers from classifying their gig workers as employees. The campaign features TV and online ads highlighting Washington area workers who say they prefer the flexibility of being an independent contractor rather than following the model of a company employee. Professor at NYU. Stern School of Business and author of the sharing economy, Arun Sundararajan, joined Cheddar to discuss more.
President Biden is looking at unlikely partners to buy oil, after banning all Russian energy imports. Among them is Venezuela, a regime that has been sanctioned by the U.S. since 2019. Ariel Cohen of the Atlantic Council explains to Cheddar News why that might not be a bad choice.
