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.
Stock trading app Robinhood already has been offering cryptocurrency investments but seems further excited about the asset class following President Biden's recent announcement of an executive order. Dan Gallagher, the chief legal and corporate affairs officer for Robinhood, joined Cheddar News to talk about the White House's tentative vision for digital currency. "I think this executive order firmly states that, yes, crypto is here to stay, which it talks about the important competitive issues around crypto and how the United States needs to be a leader, a global leader, in innovation and technology regarding crypto," he said. Gallagher also discussed having clarity around meme stocks going forward but worried about overregulation slowing down innovation.
As Russia’s attack on Ukraine, the latest inflation report showed the consumer price index rose 7.9 percent — a 40-year high. Heather Boushey, a member of the White House Council of Economic Advisers, joined Cheddar News to discuss what American consumers might be in store for as prices keep rising. "Forecasters at this point believe that the American economy will be resilient," she said. "They’re still predicting that the unemployment rate will continue to be lower at the end of the year than it is today, and we are still seeing folks believe that over time prices will come back down." Boushey did note that it would be dependent on how long the current situation lasts.
Simon Shuster, TIME's Moscow correspondent joins Cheddar to discuss how Ukraine could become part of the EU and what it would mean for politics in Europe.
President Biden has banned imports of Russian oil to the U.S. in retaliation for its invasion of Ukraine. The president warned of higher prices at the gas pump, leading some analysts to think it could propel the transition to clean, renewable energy. Michael Jones, chairman and CEO of investment solutions company Caravel Concepts, discussed how the ban is hitting green energy stocks as gas prices continue to surge. "I think the 10-year prospects for renewables just got a whole lot better because ultimately this is going to force a transition into renewables," he said.
Amid ongoing tensions in the Russia-Ukraine region, many American travelers are nervous about traveling to Europe.
It comes at a time when international travel was set to make a comeback, but uncertainty surrounding the conflict may delay the overall recovery. Francesca Page, Travel Expert, joined Cheddar's Opening Bell to discuss.
Russia's invasion of Ukraine is coming for the global food supply. Ongoing tensions in the region are threatening the supply of various agricultural products including wheat, barley and corn. Vladik Rikhter, CEO & Cofounder of Zenput joined Cheddar's Opening Bell to discuss how this could impact food prices overseas.
Chris Natividad, CIO of EquBot, joins Cheddar News' Closing Bell, where he elaborates on what ultimately dragged the Dow, S&P, and Nasdaq lower on Tuesday and discusses how investors are reacting to rising oil prices and February CPI data coming out later this week.
Adam Johnson, Portfolio Manager at Adviser Investments, joins Cheddar News' Closing Bell, where he explains why he believes we saw markets jump during Wednesday's session, and adds that investors have already priced in 'every possible kind of bad news we could have.'
Jennifer Klein, the White House Gender Policy Council's co-chair and executive director, spoke to Cheddar News about the economic impact of the pandemic showing the need for a group like the Gender Policy Council, and the need to address issues that have affected women the most,
