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Week of January 24, 2021

Monday - January 25, 2021

President Biden released an executive order allowing Transgender people to serve in the military. This order reversed Trump’s previous ban, which prohibited Transgender people from serving in the US military.

Tuesday - January 26, 2021

Democrats in both the House and Senate have reintroduced the Raise the Pay Act, a bill that would raise the federal minimum wage to $15 an hour. This bill would benefit essential workers as well as combat the pay gap that has stemmed from racial and gender inequality.

Wednesday - January 27, 2021

President Biden has signed a variety of executive orders focusing on combating climate change, such as putting a pause on the leasing of fossil fuels. He proposed many of his executive orders as an opportunity for job creation.

Thursday - January 28, 2021

A group of retail investors on the social media platform Reddit successfully raised the price GameStop stock by a massive amount, a company that many hedge funds have short positions on. By doing so, many retail investors profited while hedge funds lost a lot of money. This event lead to increased capital requirements for clearinghouses, leading to stock trading apps such as Robinhood and E-Trade preventing more retail investors from buying stock and making certain stocks position-closing only, a move that was met with severe backlash by the general public.

Friday - January 29, 2021

A panel of circuit judges granted US border officers to turn away unaccompanied migrant children from seeking asylum on American soil. These migrants were not granted a court hearing or asylum interview. The order is a result of the US declaring a state-of-emergency due to the COVID-19 pandemic.

Saturday - January 30, 2021

Maryland just became the second state in the US to report a case of a coronavirus variant first found in South Africa. The case did not involve anyone who had travelled internationally, making community transmission more probable. This variant is more infectious and vaccines may be less effective towards dealing with it. The CDC predicts that this new strain could become dominant in the US by March.

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