Is the Drama Around the White House Correspondents' Dinner Worth It?
*By Tracey Cheek*
In a sharp contrast to years past, the White House Correspondents' Dinner will not feature a class clown, but a professor ー First Amendment historian Ron Chernow.
The sober-minded selection comes after comedian Michelle Wolf's take-no-prisoners routine at the last event in April ー her jabs at Sarah Huckabee Sanders, in particular, incited outrage from the White House and some of the reporters in attendance.
“\[Chernow is\] not going to be controversial, he’ll be a very ‘eat your vegetables’ performer," said Jon Levine, media editor at The Wrap
Chernow ー a significant deviation from the likes of Stephen Colbert and Wanda Sykes ー is best known for his thick volumes on American presidents. Perhaps most notably, his book on Alexander Hamilton inspired the hit Broadway musical and cultural phenomenon, “Hamilton.”
But does it really matter who gets up and tells jokesー or in this year's case, gives a history lesson ー to a group of journalists? Levine said that the White House Correspondents' Dinner has been criticized as an access journalism event, and for all the rumblings, it's not particularly important.
“The event has gotten criticism since as long as I can remember," he said." From a lot of journalists who say it’s weird to sort of be writing all this very tough coverage about Trump or Sarah Sanders or whatever, and then you go there and have drinks with everybody and pal around. It's a little strange.”
President Trump has not shown up to a White House Correspondents dinner since taking office, in contrast to his predecessors, and Levine is positive that this year will be no exception.
“There is not a question, he will not show up,” he said.
“It’s clearly just not his thing. He knows that he goes after the press every single day. It would be a hostile audience. It would be at best awkward.”
The U.S. cannabis industry is on track to hit almost $25 billion in sales, according to New Frontier Data. Vivien Azer, managing director and senior research analyst at Cowen, and Russell Stanley, managing director and equity research at Beacon Securities Limited, join Cheddar News to give their predictions for the budding industry in 2022.
Rep. Earl Blumenauer (D-Ore. 3rd District), the co-chair of the Congressional Cannabis Caucus, joined Cheddar's "Cannabiz" to discuss the state of marijuana legalization on the federal level as more states continue to greenlight medical and adult use. He stated that there couldn't be a better time to revise the old policies on marijuana with more than 90 percent of Americans, including a majority of Republicans, on board. "This tidal wave of support continues. There were five states that approved in the last general election, and I think, rather than one single event, it is this momentum and the demonstration of broad public support that is making the difference," Blumenauer said.
Megan Horneman, Director of Portfolio Strategy at Verdence Capital Advisors, joins Cheddar News' Closing Bell, where she says there is some profit-taking ahead of the upcoming Fed meeting, and elaborates on some of the topics investors will be watching for more closely this week.
Rachel Bachman, senior sports reporter at the Wall Street Journal, joins Cheddar News' Closing Bell, where she explains how U.S. athletes have been inserted into the middle of a political debate after the country declared a diplomatic boycott of the upcoming Olympic Games in Beijing.
Lance Ippolito, Head Trader at the Future Of Wealth, joins Cheddar News' Closing Bell where he discusses the factors that have contributed to the recent slide of major cryptocurrencies like Bitcoin and Ether.