Facebook will fight US presidential candidate Warren's break-up plan: Mark Zuckerberg

Agencies
October 2, 2019

Massachusetts, Oct 2: Facebook CEO Mark Zuckerberg has promised his employees to "fight and win" if Democratic presidential hopeful Elizabeth Warren wins the 2020 election and moves forward with her stated plan to break up the big US tech firms.

Adopting a more aggressive style than he habitually uses in his public appearances, Zuckerberg directed his remarks at his employees last July to address questions about the firm's present and future, an interview that was recorded and made public on Tuesday on the Web page The Verge, Efe news reported.

"I mean, if she gets elected president, then I would bet that we will have a legal challenge, and I would bet that we will win the legal challenge. And does that still suck for us? Yeah. I mean, I don't want to have a major lawsuit against our own government. ... We care about our country and want to work with our government and do good things. But look ... if someone's going to try to threaten something that existential, you go to the mat and you fight," he said.

Zuckerberg was referring to the Massachusetts senator's proposal to split up the biggest tech firms - if she wins the Democratic presidential nomination and is ultimately elected in 2020 - given that she feels that they have "excessive" power both as market entities and in relation to their users or customers.

On Tuesday, after the audio recording of Zuckerberg was released, Warren doubled down on her proposal and said on Twitter that "What would really 'suck' is if we don't fix a corrupt system that lets giant companies like Facebook engage in illegal anticompetitive practices, stomp on consumer privacy rights, and repeatedly fumble their responsibility to protect our democracy."

"I'm not afraid to hold Big Tech companies like Facebook, Google, and Amazon accountable. It's time to #BreakUpBigTech," the senator said in another tweet.

In the recordings provided by The Verge, Zuckerberg justified his opposition to Warren's plan by - among other things - saying that dividing big companies will not make interference in elections less likely, rather the reverse, given that in his judgment "the companies can't coordinate and work together."

The tech giant based in Menlo Park, California, in recent years has been mired in a multitude of scandals that have significantly strained its public image, the biggest of these being the one involving British consulting firm Cambridge Analytica, which used an app to gather personal data on millions of Facebook users without their consent and then used that info for political ends.

The consulting firm prepared psychological profiles on voters that it allegedly sold to the campaign of President Donald Trump during the runup to the 2016 election, among other things.

Facebook is being investigated for potential monopolistic practices by the Federal Trade Commission, which earlier this year levied a $5 billion fine on the firm for failing to properly maintain user privacy.

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Agencies
February 11,2020

New Delhi, Feb 11 Congress's performance touched a record low in the Delhi Assembly election as the party bagged less than 5 per cent of the total votes polled and 63 of its candidates lost their deposits.

The party, which ruled Delhi for 15 years on the trot under former Chief Minister Sheila Dikshit, failed to open its account for the second consecutive assembly election in Delhi.

Only three of its candidates Arvinder Singh Lovely from Gandhi Nagar, Devender Yadav from Badli and Abhishek Dutt from Kasturba Nagar managed to save their deposits.

Security deposit of a candidate is forfeited if he/she fails to secure one-sixth of the total valid votes cast in a constituency.

Most of Congress candidates got less than 5 per cent of the total votes polled in their respective constituencies.

Delhi Congress chief Shubhash Chopra's daughter Shivani Chopra, who was the party candidate from Kalkaji, also could not save her deposit.

Former Delhi Assembly Speaker Yoganand Shastri's daughter Priyanka Singh also forfeited her deposit.

The party's campaign committee chairman Kirti Azad's wife, Poonam Azad, lost badly and stood fourth, polling only 2,604 (2.23) votes.

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News Network
February 11,2020

New Delhi, Feb 11: As the counting of votes for the Delhi Assembly polls began, Congress leader Digvijaya Singh on Tuesday raised doubts on EVMs, alleging that no machine having a chip is tamper-proof.

He called upon the Election Commission and the Supreme Court to take a fresh look at the use of EVMs in the country.

"No machine (which) has a chip is tamper-proof. Also please do for a moment think, why no developed country uses EVM," Singh said in a tweet.

"Would CEC and Hon Supreme Court please have a fresh look on EVM voting in India? We are the largest democracy in the world, we can't allow some unscrupulous people to hack results and steal the mandate of 1.3 billion people.

"If they match the votes in the counting unit. Declare the result. If they don't match then count the ballots of all polling booths in the assembly. It would convince everyone and save time also as this has been the consistent argument of CEC in favour of EVM," the Congress leader said.

Polling for the 70-member Delhi Assembly polls was held on Saturday.

The Election Commission on Sunday announced that the final voter turnout was 62.59 per cent, five per cent less than 2015.

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coastaldigest.com web desk
June 27,2020

New Delhi, June 27: The Prime Minister Narendra Modi-led union government of India is not ready to stop all imports from aggressive China in spite of mount calls to boycott Chinese products in India.

The Centre is reportedly considering to stop only non-essential imports from the neighbouring country.

However, the Inward shipment in sectors such as automobiles, pharmaceuticals, certain electronics and others will continue until a domestic alternative is found.

“India will gradually move towards import substitution. It will not happen overnight. In the meantime, attention has to be paid on production and job creation. We cannot throttle our industry. There are certain absolutely essential imports. Needless to say, those will keep going,” official sources said.

Sources said that both the government and the industry are in the process of identifying products that can be domestically manufactured in the medium term. There are certain chemicals, automotive components, handicrafts, cosmetics, agriculture items and certain consumer electronics, which can be manufactured domestically in the short to medium term. The government is doing all it can to raise the capacity of domestic industries.

However, there are certain other imports in the automobile and the pharmaceutical sectors which cannot be done away within the short to medium term. Their domestic production at the moment may not be that cost-effective.

The six-crore strong traders’ body CAIT has been at the forefront of such a demand and has launched a campaign to celebrate Indian Diwali this year with a total absence of Chinese goods.

“Ease of doing business, capital availability at lower rates and globally competitive logistics and energy costs are some of the prerequisites that the government should look into to ensure the growth of the domestic auto component industry,” according to Automotive Component Manufacturers Association of India (ACMA) Director General Vinnie Mehta.

Maruti Suzuki Chairman R C Bhargava said, “People who are boycotting Chinese goods have to remember that in some cases it may lead to their being asked to pay more for the same product."

Meanwhile, domestic rating agency Acuite Ratings & Research has analysed the current import portfolio from China and found 40 sub-sectors have the potential to lower their import dependency on China. These sectors contribute to $33.6 billion worth of imports from China and about 25% of these imports can be substituted by local manufacturing without any significant additional investments.

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