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Vice President-Elect Mike Pence to assume control of transition team

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People walk in front of the Trump Tower in New York October 24, 2012. Donald Trump offered to pay $5 million to the charity of President Barack Obama's choice if Obama releases his college and passport records, the real estate mogul and television personality said on Wednesday. REUTERS/Eduardo Munoz

People walk in front of the Trump Tower in New York October 24, 2012. Donald Trump offered to pay $5 million to the charity of President Barack Obama’s choice if Obama releases his college and passport records, the real estate mogul and television personality said on Wednesday. REUTERS/Eduardo Munoz

WASHINGTON (Diya TV) — Vice President-elect Mike Pence will assume total control of the job of leading Donald Trump’s transition effort, taking the job of Chris Christie, the governor of New Jersey, as Trump moves to assemble the best government possible after his stunning victory in Tuesday’s election.

Christie had led the transition effort for the last several months, but the surprise nature of Trump’s win meant the camp would be forced to scramble to begin assembling a body much sooner. Christie’s standing with the administration has been in question over the last several weeks after two of his former aides were convicted in a scandal involving the political motivation behind lane closings at the George Washington Bridge in 2013.

Trump told advisers he wants to tap into Pence’s Washington prowess, using his contacts and experience to help the process move along, according to people familiar with the discussions. An executive committee including members of Congress will advise Pence as the process moves along.

Christie, along with Rudolph W. Giuliani, the former mayor of New York, and Michael T. Flynn, a retired lieutenant general who has been a top campaign supporter, will serve as vice chairmen of the transition, according to a report from the New York Times. Rick Dearborn, the chief of staff to Senator Jeff Sessions, Republican of Alabama, will move from the campaign’s Washington office to help run the transition office.

The transition team is also adding a dozen new members,including a Republican donor, Rebekah Mercer; Stephen K. Bannon, Trump’s campaign chairman; Reince Priebus, the chairman of the Republican National Committee; Peter Thiel, a co-founder of PayPal; Representative Marsha Blackburn, Republican of Tennessee; and three of Trump’s adult children and his son-in-law, Jared Kushner.

His administration is being constructed behind the scenes, but like everything in the nation’s capital, nothing can stay a secret forever.

One thing is clear already: Those helping Trump make the decisions are the members of his campaign’s inner circle. At Trump Tower on Friday morning, the president-elect’s closest aides arrived, one by one, waving to journalists as they entered elevators to Trump’s offices.

They included David Bossie, the deputy campaign manager; Steve Bannon, the campaign chief; and Hope Hicks, the campaign spokeswoman. Giuliani arrived just before 10 a.m., a few minutes after Corey Lewandowski, Mr. Trump’s former campaign manager. Brad Parscale, the campaign’s digital director, also headed up to the top floors.

For now, the president-elect has firmly locked himself inside Trump Tower, after returning from a whirlwind of meetings at the White House and Capitol Thursday. The tower has been transformed into a literal fortress of security by the Secret Service — the building now has been ringed by Jersey barriers and concrete blocks marked “NYPD.” The Secret Service has set up checkpoints on each end of 56th Street near the tower, and pedestrian access has been restricted around the building.

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FTX’s Nishad Singh got $543 million loan

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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.

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Arvind Venkat & Tarik Khan win Pennsylvania State seats

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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.

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Meet FTX insider Nishad Singh

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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.

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