Tag: Groups

  • Black candidates sound off: We needed more help from Dem groups

    Black candidates sound off: We needed more help from Dem groups

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    The postmortems that Barnes’ aides undertook were similar to the ones that advisers to other high-profile Black Senate candidates conducted after an election in which Democrats fared well, but those contenders fell short. While there are numerous reasons why none of the Black candidates trying to flip seats won, they’ve gravitated to a common theme, one that’s more personal than a typical after-action campaign report: Black candidates needed more trust — and, with it, funding — from the Democratic Party’s infrastructure.

    “Hindsight is always 20/20 and there’s no doubt that Cheri Beasley and Val Demings were in tough races, but given the right investment they both could have won,” said Rep. Barbara Lee, a California Democrat and chair emeritus of the Congressional Black Caucus, referencing the two Democratic Black women who ran for Senate in North Carolina and Florida.

    Lee may be speaking out of self-interest. She has told colleagues that she plans to run for the Senate. And in Demings’ case, it’s unclear how more funding could have overcome a decisive 16-point loss. But her analysis overall of the 2022 results was echoed by 10 elected officials, strategists and campaign operatives who spoke to POLITICO. They don’t just see the issue as one of campaign money but, rather, of Black candidates getting the same institutional support as their white peers.

    “Generally speaking what I’ve seen since I’ve gotten here is not enough Black unity across the country, from a political perspective, and not a strong enough Black political infrastructure to support Black candidates across the country,” said Rep. Jamaal Bowman (D-N.Y.), who is Black. “That’s something that’s very concerning to me. And something I want to use my voice and platform to help build going forward.”

    At the beginning of the midterm election cycle, many Democrats were optimistic about the Black Senate contenders on the ballot, even with the historical challenges the party faced given that it controlled the White House and Congress.

    Past high-profile Black candidates — like Sen. Raphael Warnock, Stacey Abrams, Jaime Harrison and Barack Obama — had been some of the party’s star fundraisers. And there was a sense that the long-standing belief that Black candidates couldn’t compete financially with their white counterparts had finally been put aside.

    The numbers ended up supporting that theory. Barnes raised $42 million compared to Johnson’s $36 million in the 2022 election cycle, according to newly released data from the Federal Election Commission. Beasley brought in nearly $39 million in 2022, versus Republican opponent Ted Budd’s almost $15 million. Demings, meanwhile, was the third-best Senate fundraiser of the cycle, bringing in $81 million, while Sen. Marco Rubio (R-Fl.) collected about $51 million. And it wasn’t just Democrats. Two Black Republicans, Sen. Tim Scott and Senate challenger Herschel Walker, also smashed fundraising expectations, raising roughly $54 million and $74 million, respectively

    But in the modern political system, raising money is only one component of a successful campaign. Getting outside help is the other. And as the 2022 cycle came to a close, operatives on some of the high-profile races said they felt ill-equipped to compete against GOP super PACs as Democratic Party groups looked to protect incumbents and poured money into other races, like Pennsylvania.

    Barnes, for one, was hit with $62 million in outside spending from Republican groups including the Senate Leadership Fund, a super PAC tied to Minority Leader Mitch McConnell (R-Ky.), according to an analysis of general election spending by OpenSecrets. By contrast, Democratic outside groups, including the top Senate Democratic super PAC Senate Majority PAC, spent $41 million on the Wisconsin race.

    September was particularly difficult for Barnes, according to his campaign. That month, Democrats were outspent $28 million to $20 million on the airwaves in the Wisconsin Senate race, per AdImpact, which tracks campaign media spending, including broadcast, cable, radio, digital and satellite. The vast majority of GOP spending came from its outside groups.

    Barnes’ aides didn’t point fingers at any specific group — they said the extra money they needed could have come from super PACs or to their own campaign — but said the key fact is they were outmatched.

    “People were seeing three negative ads for every one good thing they were seeing about the lieutenant governor. That has a pretty significant impact,” said Kozloski. “Unfortunately, it certainly cost us 26,000 votes.”

    The Pennsylvania Senate contest, another major midterm battleground, received the most outside spending of all federal elections in 2022, according to OpenSecrets. Almost $113 million was spent on now-Sen. John Fetterman’s behalf by Democratic outside groups, while GOP organizations bolstered Mehmet Oz with more than $95 million in the general election. Fetterman was the only candidate to flip a Senate seat in 2022, where he won by almost 5 percent of the vote, and received investments from both Senate Democrats’ campaign arm and its super PAC ally, Senate Majority PAC, as well as other outside groups.

    Beasley, for her part, was the only Democratic Senate candidate in a state that Trump carried in 2020 to receive outside spending help from Senate Majority PAC, which invested about $13 million in her race, according to its FEC filings. Other outside groups spent almost $9 million more backing her in the general election, according to OpenSecrets.

    But there wasn’t a direct expenditure from the DSCC in the contest. (According to a DSCC aide, the group sent out tandem emails for direct fundraising and bundled money on her behalf.) And the total outside spending in the general for Beasley didn’t match what the GOP did for Budd.

    Republican outside groups spent almost $62 million, with money coming from the National Republican Senatorial Committee, Senate Leadership Fund and other organizations, according to OpenSecrets.

    Demings received no outside support from the DSCC or Senate Majority PAC. Like with Beasley, the DSCC sent tandem fundraising emails and bundled money for her, the DSCC aide said. But in Demings’ case, Democrats were not outspent. Outside groups invested just under $3 million on Demings’ behalf, while Republican organizations spent more than $3 million to help Rubio during the general election, according to OpenSecrets.

    A Demings spokesperson declined to comment. A person close to the campaign said that while Demings didn’t struggle with a spending disparity in her own contest, that wasn’t the case in the Florida governor’s race, where the GOP dominated in spending and earned media. In their view, that blew back on Demings.

    “Anything that we talked about was sort of a sideshow, which is pretty unusual in a Senate race,” the person said.

    Democratic officials noted that, as a rule, party committees and outside groups prioritize protecting incumbents. While Barnes, Beasley and Demings were all either challengers or open-seat contenders, Warnock was running for reelection and receiving the full-throated support of Democratic outside groups. Georgia Honor, which is tied to Senate Majority PAC, spent more than $60 million in the race, according to the FEC. The DSCC also invested nearly $11 million in opposing Walker.

    “We’re proud to have invested over $62 million in Wisconsin and North Carolina this cycle—and to have helped level the playing field for our candidates as they faced an avalanche of fear-mongering attacks from a handful of right-wing billionaires,” said Senate Majority PAC spokesperson Veronica Yoo. “In the end, SMP’s strategic investments accomplished our mission: defending and expanding our Democratic Senate majority against the odds.”

    Those officials have also defended their funding decisions by noting that, in some cases, Black Senate candidates in 2022 were competing in difficult states. While Wisconsin is a perpetual toss-up, Florida has been trending redder in recent years. And North Carolina has been just out of grasp for Democrats in many statewide elections. Beasley lost by 3 points. Demings fell short by 16 points.

    Sen. Gary Peters (D-Mich.), head of the DSCC, said that there wasn’t any more support that the group could have given to the non-incumbent Black candidates. “We provided support. In Wisconsin, we provided major support,” he said, referring to the group’s $3 million independent expenditure to oppose Johnson.

    “I think they’re the strongest candidates that we could have had in each of those states,” Peters said. “I was very excited about all of them. But part of the problem was just that they were running in challenging states. They’re just difficult states for a Democrat to win. They all had great runs and came close. And Barnes, in particular, came really close.”

    Democrats who object to complaints about spending decisions also note that outside group support isn’t as important as a candidate’s own fundraising. That’s because candidates receive discounted rates to air their advertising while outside groups have to pay market rates, allowing a candidate’s money to stretch further on the airwaves.

    But other veterans of the 2022 cycle, including those who worked for those high-profile Black Senate candidates, said that significant outside investment can help provide additional messaging that has a cumulative impact for voters.

    “Republicans decided that their path to victory involved tearing down this incredibly accomplished woman,” said Travis Brimm, Beasley’s campaign manager. “And they were going to spend as much money as they needed to get across that finish line. And ultimately, to be in a position to get through that and win in a Trump state, we were going to need outside investment to be a lot closer to parity.”

    In addition to boosting candidates in outside spending, some Black politicians and strategists believe there should be more tailor-made support to help Black candidates’ campaigns. Bowman, for one, said more infrastructure should focus on grassroots organizing and communicating Democrats’ positive message to voters.

    He said that after the midterm elections, he and Harrison, who is now Democratic National Committee chair, discussed diversity issues in the party, including supporting more Black candidates and better ways to campaign for Black voters.

    “You know, we both have bald heads, but we go to barbershops all the time. And we have conversations at barbershops about how people feel,” Bowman said. “And you know, people have felt like Democrats aren’t fighting hard enough — for Black men in particular.”

    In the wake of his loss, Barnes has decided to take on that initiative as well. He has launched a new PAC called The Long Run to support diverse candidates running for office. Though he proved to be an adept fundraiser, his aides said that he had to contend with the fact that donors routinely questioned his electability.

    “There’s always this question to younger candidates, candidates of color. You know, when you don’t look like the majority of the electorate, there’s always the question: ‘Can you win?’” Barnes told POLITICO. “I get it. That’s valid, ‘Can you win?’ is a valid question. But there comes a certain point where it’s like, you’ve proven that you can actually win, where you have done the work. And, you know, the question still exists.”

    Rep. Cori Bush (D-Mo.), herself a one-time Senate candidate, said that the Democratic Congressional Campaign Committee, DSCC and DNC could all be doing more to support the specific needs of Black candidates, and candidates of color generally.

    “People have to see Black candidates as, you know, Senate leaders,” Bush said, talking about Democratic organizations and voters. “I remember my very first race, I ran for U.S. Senate, and what they said to me was, ‘You’re a Black woman. Black women, Black people don’t win statewide in Missouri.’”

    As she gears up for her own Senate run, Lee said she has had similar experiences. When she first ran for Congress, she recalled being told not to do so because it was too difficult.

    “There’s no doubt that Black women have the highest systemic barriers to success,” said Lee. “Smaller donor networks, less organizational support, and more barriers to entry. The other more establishment and overly-funded candidates have the resources, but we are the backbone of the party.”

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    ( With inputs from : www.politico.com )

  • Work by self-help groups garnering praise from different parts of world: Nitish

    Work by self-help groups garnering praise from different parts of world: Nitish

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    Katihar: Bihar Chief Minister Nitish Kumar on Sunday heaped praise on women associated with self-help groups for the work undertaken by them, as part of his government’s rural livelihoods project, to improve the economic status of their families.

    He noted that the number of ‘Jeevika didi’ as the self-help group women are referred to has surged to 1.30 crore in the state.

    Interacting with media persons in Katihar during his Samadhan Yatra’, Kumar said, “Jeevika Didis are doing splendid jobs, and this model (Bihar Rural Livelihoods Project) has ensured women get empowered in a big way. Their work is earning appreciation from different parts of the world.”

    A senior official of the government, who is associated with the project, said women have been able to empower themselves and improve the economic condition of their families through a range of livelihood interventions, which include agricultural work, awareness generation over social ills, and other health sector-related jobs.

    Launched in 2006, the project has so far benefited 590,000 households across the state, he said.

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    ( With inputs from www.siasat.com )

  • PIL in SC seeks prosecution of short sellers for ‘artificial’ crashing of Adani Group’s stock value

    PIL in SC seeks prosecution of short sellers for ‘artificial’ crashing of Adani Group’s stock value

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    New Delhi: A PIL has been filed in the Supreme Court, seeking the prosecution of short seller Nathan Anderson of US-based firm Hindenburg Research and his associates in India and the US, for allegedly exploiting innocent investors and the “artificial crashing” of the Adani Group’s stock value in the market.

    Hindenburg engages in activist short selling, which involves selling borrowed stocks with the hope of buying the same at a lower price later. If the prices fall on the expected lines, the short sellers make a killing.

    The investment research firm, which invests its own capital, takes such bets based on its research, which looks for “man-made disasters” such as accounting irregularities, mismanagement, and undisclosed related-party transactions.

    The public interest litigation (PIL) matter filed by advocate ML Sharma also seeks directions for declaring short selling an offense of fraud against the investors, to be prosecutable under section 420 (cheating) of the Indian Penal Code (IPC), read with the provisions of the SEBI Act.

    Sharma told PTI that his PIL has been registered and numbered by the apex court registry.

    The PIL seeks the court’s directions for the registration of an FIR, recovery of the short sellers’ turnover, their prosecution to protect the citizens of India and further action against them for “duping the Indian share market and innocent investors for their vested interest to provide complete justice”.

    In his petition, Sharma has said being the regulatory body in the stock and commodity market, the Securities and Exchange Board of India (SEBI) is responsible for a control over the share market and the suspension of trading in which stocks have been oversold or they did a short sale.

    According to the PIL, the cause to file the petition arose to the petitioner on January 25, when despite having prior information, the SEBI did not suspend trading qua the Adani Group shares and allowed the short sellers to crash the share market artificially and square up their short-selling position at the lowest rate by “butchering/exploiting” innocent Indian investors in violation of laws.

    The shares of Adani Group firms continued to remain weak for the seventh day running on Friday amid a host of negative events surrounding the companies. The stocks of Adani Enterprises tumbled 20 percent to Rs 1,173.55, the lowest in a year, on the Bombay Stock Exchange (BSE).

    The Adani Group stocks have taken a beating on the bourses after Hindenburg Research made a litany of allegations in a report, including fraudulent transactions and share-price manipulation, against the business conglomerate led by industrialist Gautam Adani.

    The Adani Group has dismissed the charges as lies, saying it complies with all laws and disclosure requirements.

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    ( With inputs from www.siasat.com )

  • Living costs increase for all New Zealand household groups

    Living costs increase for all New Zealand household groups

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    Wellington: Soaring prices continued to affect all household groups in New Zealand in the 12 months to December 2022, the country’s statistics department said on Thursday.

    The cost of living for the average household, as measured by the household living-costs price indexes (HLPIs), increased by 8.2 percent in the 12 months to December 2022, Xinhua news agency reported citing Stats NZ as saying.

    “Higher prices for housing, food, and transport were the main contributors to the increase across all household groups,” consumer prices manager James Mitchell said.

    Each quarter, the household living-costs price indexes measure how inflation affects 13 different household groups, plus an all-households group. The consumer price index (CPI) measures how inflation affects New Zealand as a whole, Mitchell said.

    He added that the all-households group or the average household represents all private New Zealand-resident households.

    Annual inflation, as measured by the CPI, was 7.2 percent in the December 2022 quarter, while annual inflation for the average household as measured by the HLPIs was 8.2 percent.

    The two measures of inflation are typically used for different purposes.

    A key use of the CPI is monetary policy, while the HLPIs is to provide insight into the cost of living for different household groups, Mitchell said.

    One important difference between the two is the treatment of housing. The CPI captures the cost of building a new home, while the HLPIs capture mortgage interest payments, he said.

    In the HLPIs, interest payments increased by 45 per cent for the average household in the year to December 2022. In the CPI, the cost of building a new home increased by 14 percent in the same period, statistics show.

    Meanwhile, the official cash rate, used by the Reserve Bank to control inflation, increased from 0.75 per cent in December 2021 to 4.25 per cent in December 2022.

    “This is reflected in the HLPIs by higher costs for interest payments,” Mitchell said.

    This is the highest annual increase of all the household groups. The main contributor to this was higher interest payments because the highest-spending households spend more of their expenditure on interest payments than other household groups, he said.

    Highest-spending households’ cost of living increased by 9.4 percent in the year to December 2022.

    The cost of living for lowest-spending households was 7.1 percent in the 12 months to December 2022, statistics show.

    This was driven by higher prices for rent, grocery food, interest payments, and fruit and vegetables, Mitchell said.

    “Lowest-spending households spend proportionally more on grocery food, fruit and vegetables, and meat, poultry and fish, and proportionally less on restaurant meals and ready-to-eat food than the average household,” he said.

    For the lowest-spending households, overall food prices increased by 11 percent.

    Grocery food prices increased 10 percent, and fruit and vegetable prices increased 21 percent, according to Stats NZ.

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    ( With inputs from www.siasat.com )

  • Gun safety groups to Biden: Your work isn’t done

    Gun safety groups to Biden: Your work isn’t done

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    The letter by the coalition — also led by Brady United, Community Justice Action Fund, March for Our Lives and Newtown Action Alliance — illustrates the breadth of the issues the president will be pushed to tackle during this year’s State of the Union, a speech that comes at the halfway point of his first term. It also underscores the degree to which progressive-leaning institutions aren’t simply content to let Biden rest on his accomplishments as he begins gearing up for a likely reelection bid.

    The coalition’s latest effort comes amid a flurry of mass shootings. But it is also reminiscent of the early days of Biden’s presidency, when many of the same groups wrote the president a letter outlining executive actions they sought, frustrated he hadn’t come out as aggressively as he promised on the campaign trail.

    “Now two years later, we’re circulating another letter,” said Po Murray, chair of the Newtown Action Alliance. “We want Biden to address this and tell the world what his plan is to tackle this issue.”

    The Biden White House has made historic strides on gun policy. The president has taken a slew of executive actions, and his administration has invested in community violence intervention. And following back-to-back shootings in Buffalo, N.Y., and then Uvalde, Texas, in 2022, the White House worked with a bipartisan coalition in Congress to pass the first gun legislation into law in nearly three decades. That deal, signed by Biden in June, toughened background checks for young gun buyers, helped states implement red flag laws and kept firearms from more domestic violence offenders. The following month, the Senate confirmed the first director of the Bureau of Alcohol, Tobacco and Firearms since 2013.

    Earlier this month, the administration announced a new rule to tighten regulations on guns with stabilizing braces, used by shooters in Boulder, Colo., and Dayton, Ohio. The White House did not respond to requests for comment on the president’s next policy moves, but press secretary Karine Jean-Pierre said last week that Biden’s team would continue to examine avenues for executive action.

    “We’ll continue to pursue executive actions to reduce gun violence,” Jean-Pierre said, noting she didn’t have “anything right now to share or preview.” She added the administration is always striving to find ways “to deal with an issue, again, that is devastating communities across the country. But I also want to be very, very clear here. In order to deal with this, we need Congress to act.”

    Already in 2023, there have been 41 mass shootings in which four or more people were injured or killed, according to the Gun Violence Archive. At least 69 people have been killed, and that’s not counting the thousands dead this month due to other acts of gun violence or firearm suicide. Now, with a split Congress, the coalition of gun groups argues Biden has more of a responsibility to shoulder the burden for pushing reform — and they insist that he has options on the table.

    The groups encouraged Biden to focus on implementation of the Bipartisan Safer Communities Act he signed into law more than six months ago, including by making use of the federal statute outlined in the legislation to target gun traffickers. They also called for the administration to ensure FBI investigators are properly trained in conducting background checks on buyers under the age of 21.

    The letter also asked the administration to address the background check loophole by clarifying who is considered “engaged in the business” of selling firearms. The Bipartisan Safer Communities Act updated federal law, requiring anyone who sells guns for profit to be licensed. The coalition argues that by issuing a new rule, the ATF could clarify who qualifies as a firearms dealer and, therefore, who must conduct background checks on gun buyers.

    Much of Biden’s rhetoric on guns has been focused on his intent to reinstate the assault weapons ban that he helped pass in 1994 as senator, but which lapsed in 2004.

    But Peter Ambler, executive director of Giffords, which sent its own, separate memo to the White House on Monday, said the narrow focus on the ban reduces the need to talk about other weighty issues like background check loopholes and the need for investment in community violence intervention.

    “Because when you just say assault weapons, honestly, you just think about mass shootings But gun safety solutions are also critical to combatting crime, intervening in cycles of community violence, addressing suicide, and more,” Ambler said. Along similar lines, the coalition’s letter asked the president to use his office “to communicate the scope of this crisis.”

    And though the president doesn’t appear to have the votes for an assault weapons ban in Congress, the groups argue that Biden has tools at his disposal to further limit the proliferation of these guns in the U.S., including by fully enforcing the importation ban of foreign-made assault weapons that do not have a “sporting purpose.” As Giffords notes in its memo, the ATF, which oversees the importation of guns in the U.S., “has not conducted a comprehensive review of semi-automatic assault rifles and handguns under the sporting purposes test” since the Clinton administration.

    The groups also are seeking a leader in the White House to oversee this work. Right now, the White House, Department of Justice and ATF are working in silos, Ambler said, and could benefit from greater capacity and coordination across agencies.

    Susan Rice, whose portfolio as head of the White House Domestic Policy Council spans across a multitude of issues, is primarily seen as the point-person on gun policy. White House policy adviser Stefanie Feldman also works extensively on the issue. Tuesday’s letter specifically asks the president to establish a federal office of gun violence prevention, a move that would ensure someone is “driving this issue every single day,” said Volsky, who has routinely pushed the White House to place a gun-policy centric portfolio under a cabinet-level aide.

    “They’ve clearly failed to do so thus far,” he said. “And so we’re using this opportunity — in light of all the recent tragedies — to call on him not to just ask Congress to do something, but to also do more himself.”

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    ( With inputs from : www.politico.com )

  • Diaspora groups in UK protest against BBC over controversial documentary

    Diaspora groups in UK protest against BBC over controversial documentary

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    London: Hundreds representing different Indian diaspora organisations gathered outside the BBC headquarters in central London on Sunday to protest against what they branded as “fake news” behind the broadcaster’s controversial series on Prime Minister Narendra Modi.

    The “Chalo BBC” protests were coordinated across BBC studios in London, Manchester, Birmingham, Glasgow and Newcastle and brought together groups such as Indian Diaspora UK (IDUK), Friends of India Society International (FISI) UK, Insight UK and Hindu Forum of Britain (HFB), among others.

    The protesters waved placards reading “Boycott BBC”, “British Bias Corporation” and “Stop the Hinduphobic Narrative”, and chanted slogans such as “Shame on BBC” and “Bharat Mata Ki Jai”.

    “The documentary on Prime Minister Modi was very biased given that he was completely cleared by the Indian judiciary, and yet the BBC decides to become judge and jury,” said Jayu Shah from FISI UK, among the protesters in London.

    “The BBC needs to be investigated internationally and the directors of the board of the BBC should be investigated for failing in their duty as a public broadcaster,” he said.

    Another protester said she had come with her wheelchair-bound mother because they felt strongly against the “false and anti-India propaganda” they felt was being spread by the British broadcaster.

    The two-part BBC documentary, which claims it investigated certain aspects relating to the 2002 Gujarat riots when Prime Minister Modi was the CM of that state, has been trashed by the Ministry of External Affairs as a “propaganda piece” that lacked objectivity and reflected a “colonial mindset”.

    The BBC has defended the programme as “rigorously researched according to the highest editorial standards”.

    British Prime Minister Rishi Sunak has defended Prime Minister Modi over the BBC documentary, asserting that he “didn’t agree with the characterisation” of his Indian counterpart.

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    ( With inputs from www.siasat.com )

  • Groups sue to block Newsom’s CARE Courts program for severe mental illness

    Groups sue to block Newsom’s CARE Courts program for severe mental illness

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    Failure to participate in “any component” of the plan could result in additional hearings and court actions, including conservatorship.

    Newsom and other supporters of the concept have framed it as a humane effort to help vulnerable Californians who might otherwise languish on the streets or in jails. But civil rights groups have opposed the law since its inception, arguing it could strip people of their rights and worsen their mental health. New York City Mayor Eric Adams has faced similar challenges following his directive last year to compel psychiatric evaluations of some residents.

    The coalition of groups who filed the petition in California described the program as expanding “an already problematic system into a framework of coerced, court-ordered mental health treatment.”

    They say the program wrongfully subjects Californians to involuntary treatment and fails to get at the root of the problem, such as the lack of affordable housing.

    “The CARE Act unnecessarily involves our court systems to force medical care and social services on people. We are opposed to this new system of coercion,” said Helen Tran, a senior attorney at the Western Center on Law and Poverty. “The state’s resources should, instead, be directed at creating more affordable, permanent supportive housing and expanding our systems of care to allow everyone who needs help to quickly access them.”

    The petition also names Health and Human Services Secretary Mark Ghaly.

    Newsom’s office issued a pointed statement Thursday in response to the court filing.

    “There’s nothing compassionate about allowing individuals with severe, untreated mental health and substance use disorders to suffer in our alleyways, in our criminal justice system, or worse — face death,” said Daniel Lopez, the governor’s deputy communications director. “While some groups want to delay progress with arguments in favor of the failing status quo, the rest of us are dealing with the cold, hard reality that something must urgently be done to address this crisis.”

    Seven counties are slated to launch their programs by October: San Francisco, San Diego, Orange, Riverside, Stanislaus, Tuolumne and Glenn. The remaining 51 counties would start CARE Courts in 2024.

    The concept of compelled mental health treatment has taken hold elsewhere — including in New York City, where Adams last year issued a directive allowing seriously mentally ill New Yorkers to be transported to hospitals for psychiatric evaluations without their consent.

    That policy faces legal challenges of its own. In December a coalition of groups filed an emergency request for a federal judge to block the plan from going into effect.

    California’s program is, in part, a response to the state’s growing homelessness problem. Nearly a quarter of all unsheltered Americans live in California, where massive encampments have taken over sidewalks, underpasses and public parks in most major cities. Democratic mayors across the state have increasingly favored more punitive measures for homeless people as public frustration grows.

    Newsom has made homelessness a key focus, and under his leadership the state has allocated upwards of $15 billion for local governments to deploy shelters and services.

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    ( With inputs from : www.politico.com )

  • US’s Hindenburg Research alleges fraud in Adani group’s dealings

    US’s Hindenburg Research alleges fraud in Adani group’s dealings

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    Hindenburg Research disclosed short positions in the Adani Group on Wednesday, accusing the conglomerate of the improperly wide use of businesses established in offshore tax havens and expressing worry about excessive debt levels.

    The revelation, which comes just days before Adani Enterprises’ (ADEL.NS) $2.5 billion share sale, sent Adani group businesses’ shares tumbling.

    It also said that seven Adani listed firms had an 85% downside on a fundamental basis because to what it dubbed ‘sky-high valuations’.

    Hindenburg, a well-known U.S. short-seller, stated key listed firms in the group headed by billionaire Gautam Adani have ‘significant debt’ which had put the entire company on a ‘precarious financial footing’.

    The firm published an investigative document titled ‘Adani Group: How The World’s 3rd Richest Man Is Pulling The Largest Con In Corporate History‘ and revealed findings of their two-year investigation presenting evidence that the Rs 17.8 trillion worth Adani group has engaged in a brazen stock manipulation and accounting fraud scheme over the course of decades.

    According to the report, Gautam Adani, the Adani Group’s founder and chairman, has a net worth of about $120 billion, which he has increased by more than $100 billion in the last three years, primarily as a result of stock price growth in the group’s seven most important publicly traded companies, which have increased by an average of 819 percent during that time.

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    ( With inputs from www.siasat.com )

  • Hyderabad: Civil society groups protest for implementation of wealth tax

    Hyderabad: Civil society groups protest for implementation of wealth tax

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    Hyderabad: Members of the Association for Socio-economic Empowerment of the Marginalised (ASEEM) held a protest in Charminar on Sunday demanding the rich be taxed according to their wealth status in order to strip down wealth inequality.

    As per reports, India is currently the home to the largest number of poor in the world. ASEEM said that the wealth and income disparity can potentially impact future growth and development.

    S Q Masood from the civil society organisation spoke to Siasat.com, saying, “We need to understand that wealth tax is an important redistributive policy. We demand that governments all over the world should take steps to address the growing wealth inequality. We demand that the rich be taxed as per their income status, in other words, integrate the wealth tax policy into a larger fiscal policy framework.”

    Masoor added that it is the corporate sector’s responsibility to work with governments in creating an equal and stable society for a stronger economy.

    According to a report, there has been an enormous concentration of wealth and income in a few hands, more so at the time of recent COVID-19 pandemic. “Every counter in South Asia has a level of disposable income inequality high enough for it to be reducing per capita GDP growth by between 1% and 4%,” the report said.

    India has the highest income inequality.

    One of the main reasons for income inequality is disproportionate profiting, a highly regressive tax system, and a huge budget deficit.

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    ( With inputs from www.siasat.com )

  • Clashes Between Two Groups Of Students At JNU, Outsiders Involved In Fight Too

    Clashes Between Two Groups Of Students At JNU, Outsiders Involved In Fight Too

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    Following a fight between two groups on campus on Thursday, videos from Jawaharlal Nehru University in Delhi showed dozens of students walking about with wooden sticks in hand, NDTV reported.

    Students from Tapti Hostel and students from another hostel reportedly got into a fight. Soon after, according to reports, a large fight broke out on campus.

    The report further said that the police are on the spot. But no complaints have been made as of yet.


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