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President Obama asks Americans give Donald Trump a chance

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WASHINGTON (Diya TV) — President Barack Obama on Monday urged Americans to give President-elect Donald Trump the time required for him to get adjusted to the responsibilities of his new job.

In his first news conference since Tuesday’s stunning election result, Obama also warned that some of Trump’s expectations will soon be shaken by the gravity of his position.

Obama said he had no doubts after meeting with Trump that the billionaire real estate mogul was “sincere” about being president for all Americans, but also called on the President-elect to reach out to the people who have felt anxious since his election, including women and minorities.

“I don’t think he is ideological, I think ultimately he is pragmatic in that way and that can serve him well as long as he has got good people around him and he has a good sense of direction,” Obama said.

Obama met with the media just before the departure of the final foreign trip of his presidency, to Greece, Germany and Peru. He said he told Trump that his election achievement in tapping into the enthusiasm of his voters was impressive.

“I think he is coming to this office with fewer set hard and fast policy prescriptions than a lot of other presidents might be arriving with. Do I have concerns? Absolutely, of course I’ve got concerns. He and I differ on a whole bunch of issues,” Obama added.

The president also said it wouldn’t be appropriate for him to weigh in on all of Trump’s appointments because it would be incompatible to his desire to provide a smooth transition of power to his successor.

“I think it is important for us to let him make his decisions. The American people will judge over the course of the next couple of years whether they like what they see,” Obama said.

He added: “This office has a way of waking you up. Those aspects of his positions or his predispositions that don’t match up with reality, he will find shaken up pretty quick because reality has a way of asserting itself.”

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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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