Latest news with #Khanna
Politico
16 hours ago
- Business
- Politico
5 questions for Rep. Ro Khanna
With help from Aaron Mak Rep. Ro Khanna (D-Calif.) has been one of the more nuanced Democratic critics of the tech sector during President Donald Trump's second administration. Khanna, whose district covers Silicon Valley, continues to talk up the promise of the sector even as he criticizes tech luminaries like Elon Musk and David Sacks, who he's known for years, for cozying up (before, in Musk's case, a very public breakup) to the president. Musk actually wrote a testimonial for a 2012 book by Khanna, who worked in the Commerce Department during the Obama administration at the time. Khanna speaks with us about how the government needs to think about bolstering career paths in a world dominated by artificial intelligence, and how the tech ecosystem is laden with companies using AI as a buzzword. The following has been edited for length and clarity. What's one underrated big idea? Biotechnology integration with AI has not gotten the attention it should. An AI's use in being able to discover new patterns with proteins and identify new possibilities for gene therapy and drugs is extraordinary, and there's a possibility for exponential advances in medicine over this next decade. What's a technology that you think is overhyped? There's a lot of business plans for startups now that have the word AI in them. It's almost like to get funding, you need to do something AI, and like the time of startups during the .com boom, many of those companies aren't making substantive contributions and will be weeded out. But there are a lot of companies doing substantive things with AI that will thrive. But, you know, it's become trendy to describe almost every company in Silicon Valley as an AI company. What could the government be doing regarding technology that it isn't? We need to make sure every kid in America has an understanding of AI and can use the tools of AI for their jobs. Whether someone is going to be a nurse, an electrician, a writer, a health care worker, they're going to need to use the basic AI tools and technology. Proficiency needs to be as common as reading and writing in our schools. We also need to think about what a job strategy looks like in AI, especially for young Americans. College graduates between the ages of 21 and 29 have a 15 percent unemployment rate. [We need to think] about what path there will be for young lawyers and young health care professionals, young college graduates with AI. The government needs to really think about the opportunities that are going to exist for those jobs and how to create them. What book most shaped your conception of the future? Right now, I'm reading 'Abundance,' about building more and building faster in America, and that outcome is a common aspiration that I think many Americans share. What has surprised you the most this year with regards to tech? The rapidness with which AI models are progressing. The rapidness with which they're being adopted in certain industries and the concern of jobs for, particularly young college graduates, and the concern about how we're going to address the economic prospects in a digital world. Moolenaar goes on offense After introducing a bill virtually banning federal use of AI linked to foreign adversaries earlier this week, House China Chair John Moolenaar is now urging the Trump administration to implement specific measures to constrain China's influence in the AI sector. In a Friday letter to Commerce Secretary Howard Lutnick, Moolenaar (R-Mich.) pushed eight recommendations for guardrails to strengthen the U.S.'s strategic position in its AI race with China. The recommendations include recruiting allies to keep China away from AI supply chains and implementing stricter security requirements for overseas data centers. Moolenaar has been mounting a campaign to promote an 'America First AI Policy,' which he describes in his letter as 'protect[ing] our lead in artificial intelligence and prevent[ing] the People's Republic of China (PRC) from co-opting the global AI ecosystem.' Moolenaar, in an interview with DFD earlier this month, stressed the importance of preventing chip smuggling and warned of China using AI for surveillance and propaganda. Scientific 'refugees' flee the U.S. The first cadre of American researchers are taking advantage of France's €15 million bid to recruit disaffected scientists. POLITICO Europe's Victor Goury-Laffont reported on Thursday that eight applicants are in the final stages of joining Aix-Marseille University's Safe Place for Science program in France, which will hire 20 U.S. academics who feel 'threatened in their research.' Nearly 300 people have applied. Many of the final applicants have not publicly disclosed their identities, but they include two researchers studying climate change and one studying judicial systems, as well as a biological anthropologist. Northern Illinois University history professor Brian Sandberg, one of the applicants whose research includes climate change during the Little Ice Age period from roughly the 16th to 19th centuries, told POLITICO, 'The entire system of research and the entire education in the United States is really under attack.' France and the European Union have started initiatives to attract U.S. academic talent as President Donald Trump has moved to cut billions of dollars in federal research funding across the country. In response to the administration's actions, Aix-Marseille University President Eric Berton and former French President François Hollande have called for the creation of a new 'scientific refugee' status that would extend immigration support to academics. post of the day THE FUTURE IN 5 LINKS Stay in touch with the whole team: Aaron Mak (amak@ Mohar Chatterjee (mchatterjee@ Steve Heuser (sheuser@ Nate Robson (nrobson@ and Daniella Cheslow (dcheslow@
Straits Times
a day ago
- Business
- Straits Times
Singapore's millionaire inflow to halve in 2025: Report
Traditional destinations for these wealthy individuals – such as Singapore, Australia, Canada and New Zealand – appear to be losing their appeal, the report said. PHOTO: ST FILE SINGAPORE - Singapore will likely see a net inflow of 1,600 millionaires in 2025 – less than half the 3,500 that had been projected to move there in 2024, a report by investment migration consultancy Henley & Partners showed. This is even as a record 142,000 millionaires worldwide are expected to relocate this year, according to the Henley Private Wealth Migration Report 2025, released this week. The report found that traditional destinations for these wealthy individuals – such as Singapore, Australia, Canada and New Zealand – appear to be losing their appeal, with their lowest net inflows provisionally expected this year. Meanwhile, Thailand – with a projected net inflow of 450 millionaires in 2025 – is 'rapidly emerging' as South-east Asia's new safe haven, the report said. It added that Bangkok is positioning itself as a key rival to Singapore. Thailand's vibrant capital is increasingly favoured by high-net-worth individuals from China, Vietnam and South Korea, due to its international schools, growing financial services sector, and high-end real estate offerings, the report found. Nevertheless, Singapore still presents a stable political environment, a sophisticated and well-regulated financial sector, attractive tax policies, and a high standard of living, said Dr Parag Khanna, founder and chief executive of AlphaGeo, a geospatial analytics firm. 'In a world where uncertainty seems to be the only constant, Singapore's predictability is gold,' he added. China's recovery The report showed that China's pace of millionaire departures is slowing for the first time, with a net outflow of 7,800 millionaires expected this year. This could be a sign that China's post-pandemic recovery, coupled with regulatory clarity and new incentives for domestic investment, is restoring some confidence among the country's elite, said Dr Khanna. The booming tech hubs of Shenzhen and Hangzhou, as well as rapid growth in the entertainment and hospitality sectors, are encouraging more affluent Chinese to stay, the report indicated. 'Still, the urge to diversify remains strong, especially given ongoing geopolitical tensions and the desire for global mobility – so don't expect the outflows to stop entirely,' Dr Khanna explained. He also noted that Hong Kong has made a 'dramatic reversal' from the net outflows recorded in 2019 to 2022 due to protests and political uncertainty, with a net inflow of 800 millionaires projected in 2025. Hong Kong is seeing inflows from the rest of Asia, especially top-earning executives from fast-growing high-tech companies in Shenzhen, according to the report. Dominic Volek, group head of private clients at Henley & Partners, said that ultra-high-net-worth Asian families are increasingly splitting their operations between Hong Kong and Singapore – to maximise opportunity and minimise risk. Singapore provides political neutrality, sophisticated private banking and South-east Asian growth exposure, while Hong Kong boasts deep capital markets and North Asian connectivity, he added. 'Wexit' The UK is expected to have the largest net outflow of millionaires among those surveyed since Henley & Partners began tracking such migrations 10 years ago – 16,500 are projected to leave in 2025, driven in part by sweeping tax reforms. Dubbed by some as 'Wexit', or wealth exit, affluent individuals in the UK are relocating to tax-friendly jurisdictions such as the United Arab Emirates (UAE), Monaco and Malta, as well as to lifestyle havens including Italy, Greece, Portugal and Switzerland. For the first time in a decade of tracking these movements, a European country is leading globally in millionaire outflows, noted Dr Juerg Steffen, chief executive officer of Henley & Partners. 'This isn't just about changes to the tax regime,' he said. 'It reflects a deepening perception among the wealthy that greater opportunity, freedom and stability lie elsewhere.' Also for the first time, European heavyweights France, Spain and Germany are expected to see net millionaire outflows in 2025, with many affluent Europeans relocating to more investor-friendly hubs on the continent. Overall, the UAE is the world's hottest wealth haven. The report projected a net inflow of 9,800 millionaires in 2025, due to the country's attractive 'Golden visa' options. THE BUSINESS TIMES Join ST's WhatsApp Channel and get the latest news and must-reads.
Yahoo
2 days ago
- Politics
- Yahoo
Ro Khanna calls on Democrats to reclaim identity as ‘the anti-war party'
In the days since Donald Trump authorized strikes on Iranian nuclear sites, and then forged a shaky ceasefire agreement, Congressman Ro Khanna has called on Democrats to reclaim a political identity he says they lost: being the party of peace. 'Now is the time for the Democratic party to be the anti-war party – the party against wars of choice,' Khanna said in an interview. 'We should be the party of peace abroad, good jobs at home. Donald Trump took that from us in 2016 and 2024 and my leadership this past week has been trying to reclaim the anti-war mantle.' On Capitol Hill, Khanna is at the center of a renewed push to reassert congressional authority over war-making. But away from the House floor, the California progressive, viewed as a potential 2028 contender, is challenging Democrats to act like an opposition party determined to prevent another 'forever war'. It is, in his view, both a morally correct position and politically wise one. 'The reality is that the Washington beltway is out of touch with where most Americans are,' he said. 'Most Americans are very opposed to these wars. They're opposed to this increase of defense contractor spending. They want to focus on building jobs here, building prosperity here.' Recent polling by CNN and Reuters/Ipsos found that a majority disapproved of the president's decision to bomb three nuclear sites in Iran. Khanna argues that the Democratic party's foreign policy – especially the Biden administration's unwavering support for Israel's war in Gaza – has damaged its standing with young voters. He sees a chance to rebuild trust with those disappointed by Trump – a president who once said his success would be judged by 'perhaps most importantly, the wars we never get into', but has instead backed military strikes and later mused about the possibility of 'regime change' in Iran. 'This is something that can help us build a majority coalition – help us win back disaffected young men who don't want to see more wars,' he said. 'They want to see investments in their communities and it should really be something the Democratic Party should get out in front of.' It's not a new argument for Khanna, who launched one of the first anti-Iraq war primary challenges against a sitting House Democrat in 2004. During Trump's first term, he partnered with Senator Bernie Sanders and a coalition of anti-interventionist Republicans to pass a war powers resolution – the first ever to reach a president's desk – which Trump ultimately vetoed. The measure aimed to end US military support for Saudi Arabia's war in Yemen. 'What the American people want is for politicians and leaders to stand up and say, 'I'm going to take on the defense establishment. I'm going to take on the foreign policy bloc. I'm going to stand up against these wars,'' Khanna said. 'They want us to speak with clarity, not process arguments.' This time, Khanna has joined forces with Republican congressman Thomas Massie of Kentucky, to sponsor a war powers resolution that would require congressional approval before the US military engages in further hostilities against Iran. According to Khanna, the resolution that, as of Wednesday, had nearly 70 Democratic co-sponsors, is on track to come up for a vote in mid July. But its fate is uncertain. Massie, who has faced withering criticism from Trump over his support for the resolution, has suggested the measure might not be necessary if the peace agreement endures. Khanna hopes Trump's ceasefire holds – but he does not believe that matters of war and peace should be left to the whims of a mercurial president. 'We need to have this resolution in case, over the next few weeks, [Trump] decides to threaten Iran again or gets pushed into Iran again,' he said. 'And more importantly, it should be given a vote so that we know that Congress is going to be willing to step up in the future when he's tempted to go into war.' Nearly all of Trump's Republican allies on Capitol Hill have rallied around the president, arguing that he had the right to order the strikes as commander-in-chief. On Tuesday, the House speaker, Mike Johnson, said that he believed the War Powers Resolution, the law Congress passed in 1973, overriding a presidential veto from Richard Nixon, to require congressional authorization for the use of military force, was itself 'unconstitutional'. The White House has hailed the strikes as a strategic success – a show of strength that blunted Iran's nuclear ambitions at minimal cost. US officials characterized Iran's retaliatory missile attack on a US base in Qatar as largely symbolic. But an initial US intelligence assessment has suggested that Iran's nuclear program was not 'obliterated' as Trump claimed, but set back only by a few months. It also found that much of Iran's stockpile of highly enriched uranium that could be used to build a nuclear weapon was moved before the strikes. The White House has rejected the report as 'flat-out wrong'. Citing both the intelligence findings and signs of hardline resistance inside Iran, Khanna warns the risk of escalation remains high. Trump has threatened further bombing if Iran restarts its nuclear program, and what Khanna calls the 'neocon wing' is already agitating for more aggressive action – including talk of regime change in Tehran. The Senate may vote as soon as this week on a similar resolution led by Tim Kaine, a Democrat of Virginia. Kaine has said he expects the measure to receive the support of all but one Democrat and at least some Republicans, but it remains unclear if it will garner enough votes to pass. 'Too many members of Congress, especially the tough-talking Iran hawks on the Republican side, they're OK with war, but by God, they're too chicken to vote for it,' Kaine said, speaking shortly before Khanna on a Tuesday night live stream hosted by the progressive activist group MoveOn. A growing number of Democrats are now publicly calling Trump's decision to strike Iran not only dangerous, but unconstitutional – an act of war carried out without congressional authorization. For Khanna, it's a sign his party may finally be rediscovering its anti-war roots. 'In the beginning, there was a muddled message and silence,' he said of the Democrats' response. 'But I think as the week has progressed, more and more people are coming around to my view.'
Time of India
2 days ago
- Time of India
ED raids reveal 2 cars worth 32L, 40 bank a/cs, 60 liquor bottles
1 2 Chandigarh: The Chandigarh zone of the Directorate of Enforcement (ED) on Thursday claimed to have seized two luxury cars worth Rs 32 lakh, and frozen 40 bank accounts and three bank lockers, linked to Himachal Pradesh assistant drug controller (ADC) Nishant Sareen and his associate, Komal Khanna. The duo is facing allegations of extortion and corruption. The ED also claimed to have seized documents incriminating Sareen and Khanna. The action came after ED raided seven residential and commercial proprties linked to the accused on Sunday and Monday. According to ED officials, the raids followed a fresh enforcement complaint information report (ECIR) registered against them, which is linked to a criminal case each registered against Sareen and Khanna by the anti-corruption bureau (ACB) of Himachal Pradesh and Panchkula police of Haryana. Sareen, who is posted in Dharamshala, is accused in a case related to the misuse of official position for personal benefits, corruption, and bribery while being posted as assistant drug controller, Baddi, Himachal Pradesh. He is also facing charges of cheating, fraud, and breach of trust in a case registered at Panchkula. He was arrested by ACB, Himachal, and was charge-sheeted along with Khanna. After being released on bail, Sareen was posted as ADC, Dharamshala, in Sept 2024. During the ED search, documents like to drug licences, show-cause notices, clearances issued to pharmaceutical companies, property-related documents, and digital devices including mobile phones, laptops and pen drives, were seized. Also, more than 60 unaccounted liquor bottles were found at his residence at Omaxe Cassia, New Chandigarh. Complaints of extortion by Sareen in his present role as ADC, Dharamshala, and interconnected financial transactions between family members of Sareen and pharmaceutical companies are also under investigation. An investigation is on, an ED official said. MSID:: 122092623 413 |
Business Times
2 days ago
- Business
- Business Times
Singapore's millionaire inflow to halve in 2025: report
[SINGAPORE] Singapore will likely see a net inflow of 1,600 millionaires in 2025 – less than half the 3,500 that had been projected to move there in 2024, a report by investment migration consultancy Henley & Partners showed. This is even as a record 142,000 millionaires worldwide are expected to relocate this year, according to the Henley Private Wealth Migration Report 2025, published on Tuesday (Jun 24). The report found that traditional destinations for these wealthy individuals – such as Singapore, Australia, Canada and New Zealand – appear to be losing their appeal, with their lowest net inflows provisionally expected this year. Meanwhile, Thailand – with a projected net inflow of 450 millionaires in 2025 – is 'rapidly emerging' as South-east Asia's new safe haven, the report said. It added that Bangkok is positioning itself as a key rival to Singapore. Thailand's vibrant capital is increasingly favoured by high-net-worth individuals from China, Vietnam and South Korea, due to its international schools, growing financial services sector, and high-end real estate offerings, the report showed. ' In a world where uncertainty seems to be the only constant, Singapore's predictability is gold. ' — Dr Parag Khanna, founder and CEO of AlphaGeo Nevertheless, Singapore still presents a stable political environment, a sophisticated and well-regulated financial sector, attractive tax policies, and a high standard of living, said Dr Parag Khanna, founder and chief executive of AlphaGeo, a geospatial analytics firm. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up 'In a world where uncertainty seems to be the only constant, Singapore's predictability is gold,' he said. Chinese recovery The report showed that China's pace of millionaire departures is slowing for the first time, with a net outflow of 7,800 millionaires expected this year. This could be a sign that China's post-pandemic recovery, coupled with regulatory clarity and new incentives for domestic investment, is restoring some confidence among the country's elite, said Dr Khanna. The booming tech hubs of Shenzhen and Hangzhou, as well as rapid growth in the entertainment and hospitality sectors, are encouraging more affluent Chinese to stay, the report indicated. 'Still, the urge to diversify remains strong, especially given ongoing geopolitical tensions and the desire for global mobility – so don't expect the outflows to stop entirely,' Dr Khanna said. He also noted that Hong Kong has made a 'dramatic reversal' from the net outflows recorded in 2019 to 2022 due to protests and political uncertainty, with a net inflow of 800 millionaires projected in 2025. Hong Kong is seeing inflows from the rest of Asia, especially top-earning executives from fast-growing high-tech companies in Shenzhen, the report noted. ' This isn't just about changes to the tax regime. It reflects a deepening perception among the wealthy that greater opportunity, freedom and stability lie elsewhere. ' — Dr Juerg Steffen, CEO of Henley & Partners Dominic Volek, group head of private clients at Henley & Partners, said ultra-high-net-worth Asian families are increasingly splitting their operations between Hong Kong and Singapore – to maximise opportunity and minimise risk. Singapore provides political neutrality, sophisticated private banking and South-east Asian growth exposure, while Hong Kong boasts deep capital markets and North Asian connectivity, he added. 'Wexit' The UK is expected to have the largest net outflow of millionaires by any country since Henley & Partners began tracking such migrations 10 years ago – 16,500 are projected to leave in 2025, driven in part by sweeping tax reforms. Dubbed by some as 'Wexit', or wealth exit, affluent individuals in the UK are relocating to tax-friendly jurisdictions such as the United Arab Emirates (UAE), Monaco and Malta, as well as to lifestyle havens including Italy, Greece, Portugal and Switzerland. For the first time in a decade of tracking these movements, a European country is leading globally in millionaire outflows, noted Dr Juerg Steffen, CEO of Henley & Partners. 'This isn't just about changes to the tax regime,' he said. 'It reflects a deepening perception among the wealthy that greater opportunity, freedom and stability lie elsewhere.' Also for the first time, European heavyweights France, Spain and Germany are expected to see net millionaire outflows in 2025, with many affluent Europeans relocating to more investor-friendly hubs on the continent. Overall, the UAE is the world's hottest wealth haven. The report projected a net inflow of 9,800 millionaires in 2025, due to the country's attractive 'Golden visa' options.
