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Representative-elect Ro Khanna: ‘We need term limits’

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SAN FRANCISCO (Diya TV) — With Election Day come and gone, some Americans are preparing to make their inaugural venture into DC politics, while for others, their tenure has come to an end.

It took Ro Khanna two tries, but the Representative-elect emerged victorious in last month’s election against eight-term incumbent Congressman Mike Honda. Khanna, speaking in an interview with Breitbart News, gave his soon-to-be constituents a sneak-preview of what they can expect from him as a congressman, and how he plans to do his part in how politics function in the nation’s capital.

“I want to get special interest money out of politics,” Khanna said. “I want to work on building a caucus where other members don’t take money from PACs. And we have to brand that caucus.”

Khanna’s focus, as was one of his campaign’s main pillars, is putting American workers first. During his first term in Congress, Khanna said his main focus will be returning to America the manufacturing jobs that established the country’s industry sector. He also wants to remove the special interest element from DC politics, and get the cash in offshore bank accounts back on American soil.

“We have trillions of dollars offshore and we’ve got to figure out how to bring that money back and reinvest it in jobs here,” he said. “Let’s reduce the tax to allow them to bring it back. But once they bring it back, they need to use that money to invest into businesses.”

According to the Breitbart report, Khanna said he will seek to eradicate the influence of money from corporate and union PACs, the ladder of which usually support Democratic initiatives. Khanna also wants to explore the option of enforcing stricter term limits for the men and women who work in the House chamber.

“We need term limits and I’ll work across the aisle to impose these term limits,” he said during the interview.

He said he will have a closer look at California’s model, which currently allows for two terms in the state Senate and six in the House.

The newly-elected congressman also said he plans on working towards dropping bad trade deals and currency manipulation, and to spread the innovation created in California’s 17th Congressional District, which houses the majority of the nation’s most elite tech companies, around the country.

He said he will work towards finding a way to incentivize companies to invest in manufacturing jobs, saying this is an agenda that “transcends partisan politics.”

Like President-elect Donald Trump, Khanna is opposed to the Trans-Pacific Partnership trade deal.

“I totally opposed TPP. I think that was a bad deal for American workers. It was a bad deal for our manufacturing industry,” he said.

Regarding the future of the H-1B visa program, which the President-elect has said he plans to take a closer look into, Khanna, too, called for more reform to the program in order to ensure it’s not being abused by companies who shove American workers aside to make room for cheaper, foreign workers.

“Of course we want to create jobs,” Khanna said. “But it shouldn’t be at the expense of the American workers.”

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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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