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TiEcon 2020 canceled amidst Coronavirus pandemic

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TiEcon

SANTA CLARA (Diya TV)  — TiE Silicon Valley’s President, B.J. Arun, has formally announced that this years annual TiEcon has been cancelled due to the danger of COVID-19, a virus that has been declared an official pandemic that has claimed over 4,600 lives and 126,000 people infected globally. As a Santa Clara based convention, a County with 48 currently confirmed cases of the Coronavirus, the chances of the virus spreading to convention attendees has posed a serious risk.

Countries around the globe are tightening entry into their borders, with Italy currently undergoing a complete nationwide lockdown, India suspending all visas and enforcing quarantines. and the United States banning all travel to and from Europe for 30 days.

TiEcon 2020 has been postponed to an unknown date for later this year in accordance with Santa Clara County’s ban on mass gatherings of 1,000 people or more; in addition to this numerous organizations and employers are asking their workers to avoid traveling and to work from home if possible.

Arun noted that this years convention is planned to retain its current theme and agenda, with Pepsico’s CEO Indra Nooyi to provide the event’s grand keynote. TiEcon is reassuring the community that the organization is prioritizing the safety of its attendees, staff and volunteers. 

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Modi compares COVID-19 to Mahabharata

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Modi

SACRAMENTO (Diya TV)  — Indian Prime Minister Modi compared the war against the coronavirus to the Mahabharata in his latest address over the pandemic, saying that war was won in 18 days and that this battle will take at least 21 days, in reference to the massive lockdown his government imposed Tuesday. Modi emphasized COVID-19 did not differentiate between rich and poor, that people need to stay physically distant from one another and he is very upset over reports some people are mistreating frontline workers like doctors and airline crews.

With California under a complete shutdown because of COVID-19, Governor Gavin Newsom struck a deal with 4 of the 5 biggest banks, Chase, Wells Fargo, Citi and US Bank, to allow mortgage holders to defer payments for 90 days. Bank of America agreed to a 30 day deferment. It will be a help in the short term for many homeowners as more than 1 million residents have now filed for unemployment benefits in the state according to the governor.

Congress passed a $2 trillion relief package for big and small businesses, as well as individuals affected by the coronavirus. Unemployment benefits will be increased, one-time cash payments are being offered, as well as loans to bolster businesses. There are now more than 66,000 COVID-19 cases nationally, nearly one-third of which are in New York City.

Ravi Kapur contributed to this report.

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Bloom Energy shifts focus to refurbish old ventilators

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Bloom Energy

SUNNYVALE, Calif. (Diya TV)  — California Governor Gavin Newsom made a special visit to Bloom Energy, a Silicon Valley clean energy company led by Indian American CEO K.R. Sridhar. He was joined by San Jose Mayor Sam Liccardo, who saw how the fuel cell giant converted an assembly line to refurbish life-saving ventilators. Now Bloom Energy is asking folks with supplies of unused, out-of-service ventilators to contact them so they get those devices online to help those suffering with COVID-19.

Panera Bread’s CEO Niren Chaudhary spoke at a White House press briefing to announce a partnership with U.S. Department of Agriculture and Children’s Hunger Alliance to serve fresh meals to children who normally get meals at school throughout the state of Ohio, with the goal to expand around the country.

Some workers from both Amazon and Instacart walked off the job in the hopes of getting more protection and hazard pay as they continue to work while much of the country is asked to stay at home in the fight against the coronavirus. Both companies are hiring by the thousands to meet demand. Instacart, which is led by CEO Apoorva Mehta, said the strike had no impact on their operations.

Ravi Kapur contributed to this report.

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$2.2 trillion COVID-19 relief bill signed into law

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Relief Bill

WASHINGTON (Diya TV)  — President Trump signed into law a $2.2 trillion coronavirus emergency relief bill, after the House passed the bill Friday. The scale of the law dwarfs similar stimulus implemented during the 2008 global financial crisis. The final relief bill includes direct payments of up to $1200 to individuals, $500 billion for companies like airlines and hotels and support for small and medium-sized businesses to keep paying their employees. It also includes expanded unemployment benefits. Claims surged to a record 3.3 million Americans this week alone. There are now more than 100,000 Americans afflicted with COVID-19.

California Governor Gavin Newsom issued an executive order banning evictions for renters affected by the coronavirus through May 31 statewide. The order allows tenants to defer their April and May rent, provided they give notice to their landlord by April 7th. But this rent will have to be paid back in a timely manner and renters must have proof of loss of income related to the virus.

Ravi Kapur contributed to this report.

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