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Unemployment: Nearly 17 million U.S. jobs lost in just three weeks

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Unemployment

WASHINGTON (Diya TV)  — Unemployment claims continue to escalate, setting a record for the third consecutive week. Nearly 17 million people now face unemployment and economists expect the total to rise to 25 million by the end of the month. JPMorgan revised their guidance and forecast a 40% decline in American GDP in the 2nd quarter.

Meanwhile, the death toll from COVID-19 is increasing, up to 16,000 people nationally. But there is increased hope from health officials who say the curve appears to be flattening. In hard-hit New York, 7,000 people have died now, nearly half of the U.S. total.

Indian Foreign Secretary Harsh Shringla, the former Indian Ambassador to the U.S., asked the U.S. State Department for their help to allow India to get access to new COVID-19 testing equipment. It was a follow up conversation to the one President Trump and Prime Minister Modi had over the weekend. After that talk, India relaxed restrictions on the sale of hydroxychloroquine to the U.S. and Trump said the gesture was one he would remember.

Ravi Kapur contributed to this report.

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Impact commits $10M to supporting Indian American candidates

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Impact

WASHINGTON (Diya TV) — Indian American IMPACT, a political organization working to put Indian Americans in public office, announced a new $10 million commitment to support Indian American candidates nationwide. They also announced public interest lawyer Neil Makhija will be IMPACT’s new Executive Director. The number of Indian Americans in Congress has grown five-fold in just the past eight years.

U.S. Attorney General William Barr faced questioning by the House Judiciary Committee about the use of force against Black Lives Matter protesters in recent weeks and the Trump administration’s handling of the ongoing COVID-19 pandemic. We’ll show the clash between Congressmember Rep. Pramila Jayapal and Barr that’s making headlines.

The Securities and Exchange Commission (SEC) charged YouPlus, a Silicon Valley startup, and its CEO Shaukat Shamim with defrauding investors by making false and misleading statements about the company’s finances. The complaint states Shamim told investors YouPlus earned millions of dollars in annual revenue and had more than 100 customers, including Fortune 500 companies. But the scheme dissolved when Shamim is said to have told certain investors YouPlus had earned less than $500,000 and obtained only four paying customers since the company’s 2013 inception.

Ravi Kapur contributed to this report.

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Feds arrest entrepreneur Mukund Mohan for PPP fraud

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Mukund Mohan

SEATTLE (Diya TV) — U.S. attorneys arrested serial Indian American entrepreneur Mukund Mohan on charges of allegedly defrauding the Paycheck Protection Program with fake and altered documents and embezzling more than $5.5 million in COVID-19 relief funds through six shell companies. Mukund Mohan was a former Microsoft and Amazon executive and is currently the CTO of BuildDirect.

Shahid Buttar, who is running for Congress in San Francisco against House Speaker Nancy Pelosi, is being accused of sexual harassment by comedienne Elizabeth Croydon. Buttar said Croydon’s charges are false.

Apple manufacturer Foxconn has started building iPhone 11 units in a facility near Chennai in India. It’s the first time Apple has made one of its top-tier phones in India. India is the second-biggest smartphone market in the world, second only to China.

Ravi Kapur contributed to this report.

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India & China slowly move towards disengagement

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India

NEW DELHI (Diya TV) — India and China held virtual talks and agreed on a complete disengagement of troops along the line of control. But there remains sticking points in multiple areas along the border. India insists bilateral relations will not improve until “full peace and tranquility” are restored.

Police in Schenectady, New York are facing major scrutiny after footage was released of one of their officers applying a neck hold to 31 year old Yugeshwar Gaindarpersaud. He was treated and released, but he continues to face two charges of running away and resisting arrest. He’s accused of slashing his neighbors tire, causing $200 of damage. His attorneys are fighting to get prosecutors to drop the charges.

The UK Parliamentary Group, which visited Pakistan Administered Kashmir, and heavily criticized the Indian government for their recent constitutional change applying to Jammu, Kashmir and Ladakh, acknowledged they received nearly $18,000 from the Pakistan Government to make the trip.

Ravi Kapur contributed to this report.

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