Indian Americans to celebrate Diwali with poll wins

Agencies
November 7, 2018

Washington, Nov 7: Indian Americans, constituting just one per cent of the US population and considered to be one of the richest ethnic communities after Jews, hope to celebrate Diwali this year with a record number of wins from city councils, state legislatures to the Congress, as millions of Americans went out to vote on Tuesday in the midterm polls.

A record number of 11 Indian Americans are on the ballot for the US House of Representatives. Of these nine are from the opposition Democratic party and two are Republicans.

The four incumbents – Ami Bera and Ro Khanna from California, Pramila Jayapal from Washington State and Raja Krishnamoorthi from Illinois – are expected to be re-elected. All are from the Democratic party.

In fact, they have been so confident that they went out of their constituencies and campaigned for other candidates in various parts of the country as well.

Among these included, campaigning for the first time - Indian American House candidate - Aftab Pureval from Ohio, Sri Preston Kulkarni from Texas and Hiral Tipirneni and Anita Malik in Arizona. All are from the Democratic party and have chances to flip the elections.

The two Republicans in the race for the House are Harry Arora from Connecticut and Jitender Diganvker from Illinois while Shiv Ayyadurai is the sole Indian American running for Senate as an independent. "There is tremendous energy within the Indian American community this election. You can see it in the unprecedented number of candidates who ran for office as well as enthusiasm among Indian American voters, 90 per cent of whom say they plan on voting in this election,” Gautam Raghavan from the 'Impact' organisation told PTI.

'Impact' has been identifying and campaigning for Indian American candidates across the country. According to its tracking system, as many as 103 Indian Americans ran for office in 2018; of these, 79 ran as Democrats, 15 as Republicans, and nine as non-partisan or independent candidates.

Of these 50 Indian Americans were on the ballot Tuesday in what is being described as the most competitive mid-term election. The Impact Fund says 30 of the races are competitive. This does not include the 13 Indian Americans including four for the House who are seeking re-election. All 13 are expected to be re-elected.

Among these include long-time public servant Kumar Barve, who in 1990 became the first Indian American ever elected to any state legislature. Indian Americans serve in the state legislatures of Arizona, Arkansas, Illinois, Indiana, Kentucky, New York, and Texas. That's about to change, according to 'Impact'.

"We are closely monitoring the 30 most competitive races across the country, from City Council to Congress, and are optimistic that we will elect a number of incredibly talented public servants who will expand our ranks and speak up for our community in the halls of power," said Raghavan, who worked in the previous Obama administration.

The planning for the next election would begin Wednesday, Diwali day. "Starting tomorrow, we'll start planning for the future with the hope of electing even more Indian Americans to state legislatures, Congress, and perhaps even the Presidency," Raghavan told PTI.

Meanwhile, Indian American candidates made their last-minute pitch, mostly through social media. In Washington state, Jayapal, the first Indian American woman elected to the House joined her supporters in downtown Seattle for some last-minute rallying. "Every call and conversation matters!" she tweeted.

"HAPPY ELECTION DAY! Before polls open Team Bera is reminding commuters one thing — go vote!!" tweeted Bera.

"Don't let a busy work schedule prevent you from voting in today's pivotal midterm elections," said Khanna.

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News Network
July 27,2020

Tokyo, Jul 27: Gold hit an all-time high on Monday as tit-for-tat consulate closures in China and the United States rattled investors, boosting the allure of safe-haven assets, although sentiment was mixed with tech gains supporting some Asian stocks.

MSCI's ex-Japan Asia-Pacific index rose 1.3 percent as Taiwan's TSMC, Asia's third-largest company by market capitalisation, rose almost 10 percent.

The chipmaker's gains boosted other tech stocks in the region and came after rival Intel signalled it may give up manufacturing its own components due to delays in new 7-nanometer chip technology.

Also soothing sentiment, Chinese shares eked out gains after big falls late last week, with CSI300 index rising 0.5 percent.

S&P500 futures were last up 0.4 percent in choppy trade while Japan's Nikkei fell 0.5 percent, resuming trade after a long weekend and catching up with falls in global shares late last week.

Global shares had lost steam last week after Washington ordered China's consulate in Houston to close, prompting Beijing to react in kind by closing the US consulate in Chengdu.

US Secretary of State Mike Pompeo took fresh aim at China last week, saying Washington and its allies must use "more creative and assertive ways" to press the Chinese Communist Party to change its ways.

"US President (Donald) Trump used to say China's President Xi Jinping is a great leader. But now Pompeo's wording is becoming so aggressive that markets are starting to worry about further escalation," said Norihiro Fujito, chief investment strategist at Mitsubishi Securities.

Gold rose 1.0 percent to a record high of $1,920.9 per ounce, surpassing a peak touched in September 2011, as Sino-US tensions boosted the allure of safe-haven assets, especially those not tied to any specific country.

The yellow metal is also helped by aggressive monetary easing adopted by many central banks around the world since the pandemic plunged the global economy into a recession.

Some investors fret such an unprecedented level of money-printing could eventually lead to inflation.

MORE STIMULUS

Hopes of a quick US economic recovery are fading as coronavirus infections showed few signs of slowing.

That means the economy could capitulate without fresh support from the government, with some of earlier steps such as enhanced jobless benefits due to expire this month.

Investors hope US Congress will agree on a deal before its summer recess but there are some sticking points including the size of the stimulus and enhanced unemployment benefits.

US Treasury Secretary Steve Mnuchin said the package will contain extended unemployment benefits with 70 percent "wage replacement".

Democrats, who control the House of Representatives, want enhanced benefits of $600 per week to be extended and look to much bigger stimulus compared with the Republicans' $1 trillion plan.

Investors are looking to corporate earnings from around the world for hints on the pace of recovery in the global economy.

"It looks like rising coronavirus cases are starting to slow down recovery in many countries," said Masahiro Ichikawa, senior strategist at Sumitomo Mitsui DS Asset Management.

Concerns about the US economic outlook started to weigh on the dollar, reversing its inverse correlation with the economic well-being over the past few months.

The dollar index dropped 0.3 percent to its lowest level in nearly two years.

The euro gained 0.3 percent to $1.1693, hitting a 22-month high of $1.16590 as sentiment on the common currency improved after European leaders reached a deal on a recovery fund in a major step towards more fiscal co-operation.

Against the yen, the dollar slipped 0.5 percent to 105.605 yen, a four-month low while the British pound hit a 4 1/2-month high of $1.2832.

Oil prices dipped on worries about the worsening Sino-US relations.

Brent futures fell 0.46 percent to $43.14 per barrel while US crude futures lost 0.44 percent to $41.11.

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News Network
February 28,2020

Washington, Feb 28: US intelligence agencies are monitoring the global spread of coronavirus and the ability of governments to respond, sources familiar with the matter said on Thursday, warning that there were concerns about how India would cope with a widespread outbreak.

While there are only a few known cases in India, one source said the country's available countermeasures and the potential for the virus to spread given India's dense population was a focus of serious concern.

US intelligence agencies are also focusing on Iran, where the country's deputy health minister has fallen ill during a worsening outbreak.

US Secretary of State Mike Pompeo said on Tuesday the United States was "deeply concerned" Tehran may have covered up details about the spread of coronavirus. A US government source said Iran's response was considered ineffective because the government only has minimal capabilities to respond to the outbreak.

Another source said US agencies were also concerned about the weak ability of governments in some developing countries to respond to an outbreak.

The US House of Representatives Intelligence Committee has received a briefing on the virus from the spy agencies. "The Committee has received a briefing from the IC (intelligence community) on coronavirus, and continues to receive updates on the outbreak on a daily basis," an official of the House Intelligence Committee told Reuters.

"Addressing the threat has both national security and economic dimensions, requiring a concerted government-wide effort and the IC is playing an important role in monitoring the spread of the outbreak, and the worldwide response," the official added.

A source familiar with the activities of the Senate Intelligence Committee, led by Republican Senator Richard Burr and Democratic Senator Mark Warner, said the panel was receiving daily updates. The role of US intelligence agencies in responding to the coronavirus epidemic at this point principally involves monitoring the spread of the illness around the world and assessing the responses of governments.

They are working closely with health agencies, such as the US Center for Disease Control, in sharing information they collect and targeting further intelligence gathering.

One source said US agencies would use a wide range of intelligence tools, ranging from undercover informants to electronic eavesdropping tools, to track the virus' impact.

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News Network
March 25,2020

Wellington, Mar 25: New Zealand has declared a state of emergency as it prepares to go into an unprecedented lockdown late Wednesday for about a month.

The declaration temporarily gives police and the military extra powers. And Prime Minister Jacinda Ardern says any New Zealanders returning home from overseas who show symptoms of COVID-19 will be put in isolation at an approved facility.

“I have one simple message for New Zealanders today as we head into the next four weeks: ‘stay at home,’” Ardern said. “It will break the chain of transmission and it will save lives.”

Ardern said exceptions include people working crucial jobs, those leaving to pick up essentials like groceries, and those engaging in solitary exercise.

The country has 205 reported cases of the virus, although Ardern said that number could rise into the thousands before it begins to recede even with the strict measures being taken.

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