Democratic presidential candidate Sen. Bernie Sanders (I-VT) delivers a campaign update at the Hotel Vermont on March 11, 2020 in Burlington, Vermont. (Photo by Scott Eisen/Getty Images)
Vermont Senator Bernie Sanders delivered an address on the coronavirus outbreak, rounding out three perspectives from the current president and the two Democratic challengers to his presidency.
Sanders, who trails former Vice President Joe Biden in the delegate race to the nomination, used his speech to contrast with his rivals. He called for the Trump administration to declare a national emergency and appoint an "emergency bipartisan authority of experts" to determine the next steps in the crisis.
Like Biden earlier, Sanders criticized the White House response, calling the administration incompetent and point out that its "incompetence and recklessness have threatened the lives of many, many people in this country."
Sanders and Biden both mentioned the lack of intensive care units and ventilators, an issue raised by health officials but one that the administration has not touched upon. The senator called for mobilizing retired medical professionals and medical students to increase medical care. He implored the nation to protect doctors, medical professionals, and nurses with proper instructions and personal protective equipment both because their safety is important and because "if they go down, then our capacity to respond to this crisis is diminished."
"Our country is at a severe disadvantage," Sanders said, "because we do not guarantee healthcare to people as a right."
During the speech, news came in that France's Emmanuel Macron called coronavirus the worst health crisis in a century, ordered changes to businesses and education and, echoing the very words Sanders was delivering across the Atlantic Ocean, said France will massively increase hospital capacity to deal with the novel coronavirus.
Both Democratic hopefuls today pleaded for an expansion of current practices. Biden called for mobile testing centers and Sanders for an expansion of community health centers.
Sanders also listed proposals to support people from low-income neighborhoods and working-class families, including calling for providing healthcare to immigrants regardless of immigration status, emergency funding for paid medical and family leave and a moratorium on evictions, foreclosures, and utility shutoffs.
Repeatedly, health officials and, now, the Democratic hopefuls, have said a choice between a paycheck and staying home when sick will expedite the spread of a virus in need of slowing down so as not to overwhelm America's health system likely to be overwhelmed in the coming weeks.
"Here is the bottom line and that bottom line is that in the midst of this unprecedented moment, we need to listen to the scientists, to the researchers, to the medical folks — not the politicians," he said of the spread of the virus as "on the scale of major war."
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.
