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Donald Trump’s chief strategist suggests having too many Asian tech CEOs undermines ‘civic society’

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SAN FRANCISCO (Diya TV) — President-elect Donald Trump’s chief strategist of his transition team thinks there might just be a few too many immigrant chief executives running companies in Silicon Valley.

Steve Bannon, who previously served as Breitbart News Network’s executive chairman, has hinted at his thoughts on the subject during interviews in the past.

In an interview that took place between Trump and Bannon last year, the latter eluded toward how he thinks foreign students should return to their homelands after attending school in the U.S., instead of working at some of the Bay Area’s most elite tech companies, or starting their own. The interview was rediscovered by The Washington Post this week.

At the time, Trump himself voiced a displeasure of the sentiment. “We have to be careful of that, Steve. You know, we have to keep our talented people in this country,” Trump said.

When asked if he agreed, Bannon responded: “When two-thirds or three-quarters of the CEOs in Silicon Valley are from South Asia or from Asia, I think . . . ” he didn’t finish his sentence. “A country is more than an economy. We’re a civic society.”

While Bannon never directed any comments explicitly toward immigrants, he seemed to hint at the idea of a white nationalist identity with the phrase “civic society.” The 62-year-old has never been one to filter his opinions or beliefs, stories he’s allowed to appear on Breibart News including pieces that attacked women, feminists, political correctness, muslims, and trans people.

However, foreign-born chief executives in the U.S., including Microsoft’s Satya Nadella, have tried to hamper the anxiety of their company’s employees.

In a note last week, Nadella and Microsoft congratulated Trump, while saying that the company’s commitment to “fostering a diverse and inclusive culture” remains “steadfast.” Mark Zuckerberg-backed FWD.us has also said it plans to reject and work against a rollback or freeze on reform of the H-1B visa program. The H-1B visa is the most widely used system for bringing high-skilled foreign labor into the US. For now, Trump’s policy on those visas is still up in the air.

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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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