Though former Minneapolis officer Derek Chauvin was convicted of murdering George Floyd nearly a year ago, Senator Tina Smith (D-Minn.) said there is much more work to be done to increase police accountability.
Smith, whose hometown is Minneapolis, told Cheddar that people have to continue organizing and bringing grassroots movements to the forefront so this isolated and rare conviction of a police officer can become a more commonplace reality.
“I think a lot of people in Minnesota and probably around the country were feeling a sense of great relief, that in this most egregious murder that we all saw play out on our video screens, that there was accountability," she said. "But we know that the work ahead to really address these challenges and to fight to make sure that there is true equal justice in this country is a long road ahead of us, and we’ve got to get on it.”
Smith is encouraging her Senate colleagues to support the George Floyd Justice in Policing Act, which the House passed in March, though it is expected to hit a few roadblocks, particularly when it comes to altering qualified immunity for police officers. Such a change would make it easier for citizens to bring civil lawsuits against officers for police misconduct.
The bill would also eliminate several problematic policing tactics used by various departments nationwide, including no-knock warrants, like the one obtained by police in the lead-up to the killing of Breonna Taylor, and chokeholds, a restraint technique already banned by the NYPD before it was used on Eric Garner. It would also provide an easier path for the Justice Department to investigate patterns of misconduct.
“I believe that addressing qualified immunity is what it’s going to take to change the culture in police departments and to change the ways in which we then hold police departments and law enforcement accountable for excessive use of force,” Smith noted.
“I’m not naive. This is going to be difficult to get support for, but you can see some little inklings among some of my Republican colleagues who are willing to take a look at this," she said. "I want to thank and commend Senator Tim Scott who has shown a real interest in trying to address this because he himself as United States Senator and a Black man has experienced this kind of disproportionate effect of law enforcement on him personally.”
Drastically different from the Democrats’ reform bill, Scott (R-S.C.) introduced his own police reform bill, which includes incentives for cities to end the use of chokeholds but stops short of completely banning them. Smith said she is willing to negotiate and believes some bipartisan progress can be made since more GOP members may be recognizing that changes in American policing are necessary.
“The thing we cannot do is to take steps that are not that meaningful, that aren’t going to result in real change, declare victory, and then reduce the pressure to really change these systems that result in such disproportionate impact on Black and Brown people and all people of color,” she added.
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.
Matt Hayden, vice president of govtech solutions at Exiger and a former assistant secretary of cyber at Department of Homeland Security, joined Cheddar to discuss the surprise phone call initiated by Russian President Vladimir Putin to President Joe Biden, ahead of January security talks about the rising tensions over Ukraine. "We're hoping to hear that we're able to talk about the aggression and the leadup of the Ukrainian militarization," Hayden said. "But we're also looking to hear is how the Kremlin leveraged their talking points to try to test their negotiation stance with the United States leading into this January 10th meeting."
