Tishaura Jones, currently treasurer of St. Louis, Missouri, defeated Alderman Cara Spencer in Tuesday's mayoral race with more than 50 percent of the vote. The mayor-elect told Cheddar that her first priorities will be to continue mass vaccination efforts and to address the persistent public safety issue that plagues the city.
"St. Louis, unfortunately, just had its most violent year on record in 2020 with over 260 murders by gun violence, and also, we are tops in the nation per capita for police-involved shootings, and so we need to totally transform our public safety department, declare gun violence as a public health crisis, which addresses the root causes, and brings everyone to the table," Jones said.
She also noted the importance of continuing to provide financial support to the community as the country works through the coronavirus pandemic. She said $500 million in federal aid was granted to the city, and those funds will be used to help families cover rent and mortgage expenses.
Small businesses are also eligible for help, Jones added.
"We had several town halls during the election, and we want to continue those conversations with our small business owners, not only just to make sure that they get back on their feet but also to expand opportunities for people who want to open businesses," she said.
"We want to be helpful and provide the tools and resources that they need as well as technical assistance and to make sure that we create an economy where people not just survive but thrive."
Jones is slated to be sworn in on April 20, when she will then join two other prominent Black Americans, Comptroller Darlene Green and President of the Board of Aldermen Lewis Reed, the three offices that control St. Louis' top fiscal body called the Board of Estimate and Apportionment. Once Jones is sworn in, it will be the first time in the city's history that the board will be headed by three Black Americans.
"I'm excited to serve with two people that I have respected for decades. Comptroller Darlene Green has a ton of institutional knowledge and as current treasurer, I'm a member of the department of finance so I've had an opportunity over the last eight years to really learn from her and get some wisdom from her as we lead, together, our city's finances," Jones said.
"And President Lewis Reed and I were friends for decades as well. We used to work together before we got into politics, and so I look forward to serving with both of them and developing solutions, short and long term, to move our city forward."
When it comes to transitioning into the role of mayor, Jones said she's learned a number of things since she began working for St. Louis, which includes having patience when it comes to the speed at which city government operates, not airing closed-door disagreements in the public, and being compassionate while still enforcing the law.
President Joe Biden called for a war crimes trial against Russian President Vladimir Putin and said he’d seek more sanctions after reported atrocities in Ukraine.
Catching you up on what you need to know on April 4, 2022, with reports of Russian war crimes in Ukraine, a weekend shooting in Sacramento killing six and injuring 12, Mexico ending its gas subsidization for U.S. drivers, and the University of South Carolina winning the women's NCAA basketball championship, and more.
Peter Zalzal, associate vice president for clean air strategies at the Environmental Defense Fund, a nonprofit environmental advocacy group, joined Cheddar to discuss the Biden Administration's unveiling of stricter fuel-efficiency standards for new automobiles. "The administration estimated that these rules will reduce about 2.5 billion tons of climate pollution by 2050, and using less fuel also means that we have to go to the gas pump less often. And so it means we save money, thousands of dollars in avoided fuel costs each year for consumers," he noted.
The relatively robust March jobs report showed that despite the low unemployment rate, Black, Hispanic, and women job seekers are still having difficulty finding work. William M. Rodgers III, the vice president and director of the Institute for Economic Equity at the Federal Reserve Bank of St. Louis noted that participation rates in the labor force ticked up for minorities, adding to other positive signs of growth. He also spoke to Cheddar News to discuss further the jobs figures, the state of the labor market, and rising inflation.
U.S. markets opened higher to kick off the second quarter, despite a miss on the March Jobs Report. The economy added $431,000 in the month, slightly lower than the $490,000 analysts had expected. The unemployment rate also ticked down to 3.6% from 3.8%. Kevin Simpson, Founder & Chief Investment Officer, Capital Wealth Planning joined Cheddar's Opening Bell to discuss.
President Biden is going after billionaires in his 2023 budget request to congress. The proposal would establish a 20% minimum tax rate on all households worth more than $100 million, as well as raise the corporate tax rate from 21% to 28%. Rhett Buttle, Small Business for America's Future Senior Advisor, Business Policy Expert & Biden Campaign Business Advisor, breaks down the proposal, what it aims to accomplish, and how small businesses might feel about it.
The Biden administration has announced the U.S. will accept up to 100,000 refugees fleeing the war in Ukraine and provide more than 1 billion dollars in new funding for the growing humanitarian crisis. The move comes as President Biden meets with his western counterparts in Europe to demonstrate a united front against Russia and show support for Ukraine. Altagracia Pierre-Outerbridge, Immigration Attorney for Outerbridge Law, explains how this is going to work.
The DOJ has endorsed an antitrust bill targeting tech giants like Apple, Amazon, Meta, and Google. The legislation would ban the companies from favoring their own products and services over their competitor's, making it more difficult them to dominate the marketplace. Greg Day, Assistant Professor of Legal Studies at the University of Georgia, breaks down the bill and its potential impact on anti-competition in the tech sector.
