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#Calexit movement heightens after election of Donald Trump

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SAN FRANCISCO (Diya TV) — The movement is nicknamed #Calexit.

It’s being fueled by a group of folks interested in pushing for California’s secession from the United States since Donald Trump won the presidency. The “Yes California” campaign is backing an independence referendum in support of a constitutional exit of the state from the U.S.

About 60 percent of Californian’s voted for the Democratic nominee, Hillary Clinton, in last week’s general election. Because of that, the movement is now getting renewed interest.

“As the sixth largest economy in the world, California is more economically powerful than France and has a population larger than Poland. Point-by-point, California compares and competes with countries, not just the 49 other states,” the campaign’s website said.

The name #Calexit is inspired by the successful #Brexit campaign to secede the United Kingdom from the European Union. Originally viewed as a fringe campaign, the Yes California movement began attractive massive social media attention one night after the election, supporters are now proposing a referendum on the issue in 2019.

The referendum would ask whether voters think California should become an independent country. The main purpose of the referendum is to gauge interest on whether Californians prefer statehood or want to move toward nationhood.

However, a secession is highly unlikely to occur. Politicians in years past have made the same suggestions to the constituents of their respective states — Former Texas Gov. Rick Perry suggested his state might leave the United States in 2009 during the rise of the tea party. That effort never gained traction.

Activists chanting #NotMyPresident in cities from coast-to-coast occupied the streets protesting the election results that made the former reality show star the next president.

Police estimated that thousands of people stood outside New York City’s Trump Tower protesting the president-elect’s positions on immigration and law enforcement.

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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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