Connect with us

News

Raja Krishnamoorthi wins Democratic nomination in Chicago

Published

on

Businessman Raja Krishnamoorth. File Photo. (Bob Chwedyk/Daily Herald via AP)

Businessman Raja Krishnamoorth. File Photo. (Bob Chwedyk/Daily Herald via AP)

CHICAGO (Diya TV) — Raja Krishnamoorthi, an Indian-American businessman from the Chicago suburbs of Schaumburg, has won the Democratic party’s nomination for his 8th District congressional race, beating out a suburban mayor and a state legislator.

His overwhelming victory came Tuesday, with 59 percent of precincts reporting, Krishnamoorthi had already wrapped up nearly 60 percent of the vote, far ahead of state Sen. Michael Noland, whom had collected 28 percent of the vote, and Deborah Bullwinkel, who had just 12 percent.

Krishnamoorthi still has his work cut out for him; to represent the state’s 8th Congressional District, he will need to defeat Republican Peter DiCianni, former mayor of Elmhurst and current DuPage County board member. DiCianna ran unopposed in the GOP primary, seeking to fill the seat vacated by Tammy Duckworth, who just won a Democratic nomination of her own for her Senate race. Krishnamoorthi said his radar is finely tuned into his opponent DiCianni, but noted the GOP ticket in the fall general election likely would be topped by Donald Trump — whose policies are “completely at odds with what the people of the 8th District want.”

“Instead of buildings walls, we should be building bridges,” Krishnamoorthi said in reference to Trump’s promise to build a wall at the U.S.-Mexico border.

DiCianni disagrees with Krishnamoorthi’s sentiment — he carries the endorsements of 26 mayors, and is hoping to win back the seat for the GOP, and said the voters in his race will pay just as much attention to what’s going on in their backyard, as they will the national stage.

“Regardless of who wins for president, the race will be between him and I,” DiCianni said.

This his second race for the same seat, Krishnamoorthi has enjoyed more than healthy fundraising and support during his second go-around — his lead in fundraising over his two opponents is fairly substantial, reporting a total of nearly $1.7 million in campaign contributions through Feb. 24. That amount equates to nearly four times the funds raised by his democratic opponents Noland and Bullwinkel.

Krishnamoorthi, 42, was born in New Delhi, but came to the U.S. as an infant and grew up in Peoria, IL. He graduated with an engineering degree from Princeton University, and a law degree from Harvard. Previously, he served Illinois Atty. Gen. Lisa Madigan and worked as a deputy state treasurer. Currently, he works as president of Sivananthan Labs and Episola Inc.

He recalled the past elections he lost to Tammy Duckworth, as mentioned previously, her exit from the legislature put Krishnamoorthi in a position for another run.

“We won over a lot of folks who cast votes for Tammy Duckworth four years ago because we maintained a civil and respectful contest last time,” he said.

News

FTX’s Nishad Singh got $543 million loan

Published

on

More fallout from the FTX cryptocurrency platform collapse. Court documents show its affiliate Alameda Research loaned executives like Sam Bankman Fried $1 billion and more than $500 million to Indian American Nishad Singh, FTX’s top engineer. FTX’s interim CEO says never in his career has he seen such complete failure of corporate controls and a complete absence of trustworthy financial information. The company filed for Chapter 11 bankruptcy after it was unable to come up with customer funds.

Elizabeth Holmes was sentenced to more than 11 years in prison after her conviction in January for defrauding investors while running the failed blood testing start up Theranos.In her trial, Holmes alleged she was in the midst of a decade-long abusive relationship with her then-boyfriend and Theranos COO Ramesh “Sunny” Balwani. The Indian American was also found guilty for his role in this fraud and will be sentenced later.

Starting next month, India will assume the G20 presidency for a year and chair more than 200 meetings, leading the way for global economic growth. Prime Minister Narendra Modi said his country’s leadership here will be inclusive, ambitious, and decisive.

Ravi Kapur contributed to this report.

Continue Reading

News

Arvind Venkat & Tarik Khan win Pennsylvania State seats

Published

on

WASHINGTON D.C. (Diya TV) – Looking back at the midterm elections, Arvind Venkat and Tarik Khan made history as the first South Asian Americans elected to the Pennsylvania State Legislature. Advocacy group Indian American Impact played a major role on the ground, saying it trained and mobilized 200 volunteers to go door-to-door, to engage voters and provide info they needed to elect new leadership.

After 35 years, the Nancy Pelosi era is officially coming to an end. The speaker from San Francisco announced she’s bowing out of leadership, but will retain her House seat. The midterms cost Pelosi’s Democratic party the House and effectively ended her speakership.

Two former Indian American executives at Meta Platforms will launch a new non fungible token start up for creators. Kirthiga Reddy and Saurabh Doshi have raised more than $8 million for their new company called Virtualness. But they are facing headwinds as the FTX cryptocurrency exchange collapse is putting pressure on the entire industry.

Ravi Kapur contributed to this report.

Continue Reading

News

Meet FTX insider Nishad Singh

Published

on

SAN FRANCISCO (Diya TV) – The controversy around failed cryptocurrency exchange FTX continues to captivate the world. Part of the scrutiny is now on the people involved, including Indian American Nishad Singh. According to new reports, this techie was part of FTX’s inner circle, which lived together and ran the cryptocurrency empire from the Bahamas. The software engineer was also reportedly aware that FTX secretly transferred customer funds worth billions of dollars to its sister firm Alameda Research. Currently, no one is facing any criminal charges. Diya TV featured Singh more than a decade ago for running ultra marathons as a 17 year old getting ready for college. 

Former President Donald Trump has officially announced he is running for president in 2024, marking his third bid for the White House. Trump had been hinting at this announcement for months, as the embattled former president faces multiple criminal and civil litigations and as his party is grappling with a worse than expected showing in the midterm elections. 

At the G20 Summit in Bali, world leaders including Indian Prime Minister Narendra Modi and U.S. President Joe Biden are coming together to condemn the rising threat of nuclear weapons as Russia’s war against Ukraine continues to raise tension and anxiety around the world.

Ravi Kapur contributed to this report.

Continue Reading

Trending

Diya TV , Inc. © 2017 All Rights Reserved