Oct 23, 2019

Chamber of Commerce head acknowledges shortcomings of capitalism in speech

Photo: U.S. Chamber of Commerce

Suzanne Clark, president of the U.S. Chamber of Commerce, announced Project GO (Growth, Opportunity & Innovation) in a speech Tuesday that continued the trend of business leaders acknowledging shortcomings in capitalism.

What she's saying: Clark focused on "the businesses role in solving some of the most urgent socio-economic challenges of our day ... and the important supporting role of government."

  • "The fundamental challenge we face today is to preserve the ability of our nation’s companies, to grow, innovate, and drive prosperity under a system of free and fair capitalism, while also acknowledging and addressing the shortcomings in the system."
  • "There are better answers than sweeping government mandates. ... [N]either business nor government can solve these issues alone."

Clark pointed to "growing diversity on corporate boards —not through quotas or arbitrary mandates — but through disclosure and dialogue."

Go deeper: CEOs are America's new politicians

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Trump walks to historic St. John's Church outside White House as protests rage

President Trump walked to the historic St. John’s Episcopal Church, located just steps away from the White House across Lafayette Park, on Monday night as protests linked to the murder of George Floyd raged across the capital and cities around the country.

What we're seeing: Military police and park rangers used physical force and tear gas on peaceful protestors to clear the area so that Trump could "pay respects" to the church that was damaged by a fire on Sunday.

Trump threatens to deploy military amid national unrest

President Trump announced from the White House Rose Garden Monday evening that he is "mobilizing all available federal resources, civilian and military" to stop violent protests across the country, decrying "professional anarchists, looters, criminals, antifa and others" whose actions have "gripped" the nation.

The backdrop: Trump's announcement came as police clashed with protesters just outside of the White House, using tear gas and rubber bullets to disperse crowds chanting, "Hands up, don't shoot," and other slogans. Flash bangs used outside the White House could be heard from the Rose Garden.

Updated 2 hours ago - Politics & Policy

Autopsies say George Floyd's death was homicide

Police watch as demonstrators block a roadway while protesting the death of George Floyd in Miami. Photo: Joe Raedle/Getty Images

Preliminary results from an independent autopsy commissioned by George Floyd's family found that his death in the custody of Minneapolis police officer Derek Chauvin was "homicide caused by asphyxia due to neck and back compression that led to a lack of blood flow to the brain," according to a statement from the family's attorney.

The latest: An updated official autopsy released by the Hennepin County medical examiner also determined that the manner of Floyd's death was "homicide," ruling it was caused by "cardiopulmonary arrest complicating law enforcement subdued, restraint, and neck compression."