As the U.S. honors Hispanic Heritage Month, some members of Congress are speaking out against President Donald Trump's treatment of Latinos in America.
Rep. Joaquin Castro (D-Texas, 20th District), chairman of the Congressional Hispanic Caucus, released a statement on the ongoing challenges the community is currently facing.
"For almost four years, Latino communities from Puerto Rico to the U.S.-Mexico border have been under assault from a hostile and xenophobic administration that has separated families, abandoned those in need, and spread fear and hate," Castro said.
Rep. Ruben Gallego (D-Ariz,.7th District), first vice-chair of the caucus, echoed Castro's sentiments Tuesday on Cheddar, criticizing the president's response to hurricane devastation in Puerto Rico and his treatment of DACA recipients.
One of the most pressing issues in the U.S. is the coronavirus pandemic, which Castro noted hurts the Hispanic community especially.
"The coronavirus pandemic has disproportionately harmed the health and financial security of many Latino families," Castro wrote. "With disproportionately high rates of infections, hospitalizations, and death, as well as the highest rate of workers unable to work remotely, COVID-19 has been a catastrophe for the Latino community."
Gallego criticized Trump's "irresponsible actions as a leader" amid the pandemic.
"Latinos have disproportionately, above any other demographic, paid the price because of COVID-19," Gallego said. "Because at the end of the day a lot of our people end up being essential workers of this country, and we couldn't social distance."
The CDC released new numbers Friday showing nearly half of all coronavirus-related deaths in people younger than 21 have been Hispanic.
"At the end of the day because we're a younger demographic to begin with, and we're also a middle-class and working-class demographic, we did not have the capability to shelter in place," Gallego said. "Plus the fact that many of us were uninsured to begin with or were underinsured and weren't able to take care of some of the underlying conditions that really give us as a community morbidities that made us more vulnerable to the coronavirus."
The crypto industry is still reeling from Terra's recent crash. The company's blockchain was temporarily halted earlier this month after the collapse of its cryptocurrency Luna (LUNA) and its stablecoin TerraUSD (UST), which led to almost $45 billion being wiped from the tokens' market caps within a week. Now, many are left wondering what Terra's struggles mean for the broader crypto market. Reeve Collins, CEO of the NFT platform BLOCKv, joins Cheddar News' Closing Bell from Davos 2022 to discuss.
China's largest ride-hailing company will no longer be listed on the world's largest stock exchange. Didi shareholders voted on Monday to delist from the New York Stock Exchange, less than a year after launching a $4.4 billion IPO with the most significant U.S. share offering by a Chinese company since Alibaba debuted in 2014. Since going public in June of last year, around $70 billion has been wiped from Didi's market value and shares of the company have dropped nearly 90%. Now, Didi is expected to begin preparations to list in Hong Kong. Kevin T. Carter, founder and Chief Investment Officer of EMQQ Global, joins Cheddar News' Closing Bell to discuss.
This episode of On The Job presented by ADP: Cheddar takes a deep dive into how offices in Silicon Valley are handling return-to-office policies with Jesse Levinson, Cofounder and CTO of Zoox; Bob Lockett, Chief Diversity & Talent Officer at ADP breaks down the importance of flexibility at work and how to approach compensation in order to improve retention; Pamela Rucker, CIO Advisor and Instructor for Harvard Professional Development, explains how A.I. can play a role in sustainability efforts and what business leaders need to know about ESG.
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Chantel Powell, Co-Founder and CEO of Play Pits, joins Cheddar News to discuss how she's grown her business from making it in her very own home to being sold on the shelves in Target stores across the nation, and break down how her business remained resilient throughout the pandemic.
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