Congress - Hara 55- M3nt https://hara55-m3nt.zapto.org Trending News Updates Fri, 13 Sep 2024 18:27:00 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 ‘False, malicious, and motivated’: Buchs reject Congress charges https://hara55-m3nt.zapto.org/false-malicious-and-motivated-buchs-reject-congress-charges/ https://hara55-m3nt.zapto.org/false-malicious-and-motivated-buchs-reject-congress-charges/#respond Fri, 13 Sep 2024 18:27:00 +0000 https://hara55-m3nt.zapto.org/false-malicious-and-motivated-buchs-reject-congress-charges/ On accusations of serving with two organisations while at ICICI Group, they added that Puri Buch had gone on “unpaid” long leave from ICICI Bank in 2011. (Photo: PTI) 4 min read Last Updated : Sep 13 2024 | 11:57 PM IST Ending their silence on the allegations levelled by the Congress, Madhabi Puri […]

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Madhabi Puri Buch, Madhabi, Madhabi Puri

On accusations of serving with two organisations while at ICICI Group, they added that Puri Buch had gone on “unpaid” long leave from ICICI Bank in 2011. (Photo: PTI)


Ending their silence on the allegations levelled by the Congress, Madhabi Puri Buch, chairperson of the Securities and Exchange Board of India (Sebi), and her husband Dhaval Buch on Friday said that their income tax (I-T) details were obtained “illegally” and “twisted deliberately to create a false narrative”.


Without naming the Congress, the Buchs rebutted almost all the accusations levelled by the main opposition party in a series of press conferences. This is their second detailed response since short-seller Hindenburg first made allegations of conflict of interest in early August — but first since the Congress launched an attack on the first Sebi boss from the private sector.

 


In a six-page letter, Madhabi and Dhaval rubbished allegations of conflict of interest, corruption and lack of transparency, particularly with regard to the income generated from her ex-employer, the ICICI Group, and other corporates through their consultancy firm Agora Advisory.


Labelling the various claims as “false, malicious, and motivated”, the couple hinted that they may seek legal remedy.

“It appears that the allegations are being made in instalments, only to keep the pot boiling. If the objective had been to arrive at the truth rather than to malign individuals and institutions with distortions of facts, we wonder why all allegations would not be brought out, in public, at one go. We would then have given all the facts at one go,” the couple stated.

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On allegations of receiving employee stock options (ESOPs) from the ICICI Group, the Buchs clarified that Sebi guidelines permit board members and chairperson to hold and transact in ESOPs. Further, she had made disclosures to the market regulator since 2017 — when she first joined as a whole-time member — and subsequent transactions were also disclosed.


The Buchs added that Madhabi has never dealt with any files related to the ICICI Group, the Mahindra Group, Pidilite, Dr Reddy’s, Alvarez and Marsal, Sembcorp, and Visu Leasing at any stage after her joining Sebi.


“Depending on when Madhabi exercised her options and the prevailing market prices at the relevant time and the quantity of ESOPs exercised, the perquisite value is bound to vary each year. If no ESOPs were exercised in a given year, there would be zero value attached to it and this would be bound to be reflected in the returns as a gap year,” stated the couple on the issue of earning uneven income generated from the ICICI Group.


They further clarified that ESOPs are vested for three months only with employees who resign, while those like Madhabi who retired at senior positions have a 10-year window to exercise them.


The couple said that Madhabi was on “unpaid” leave for two years at ICICI Bank — at the time when she took up a role in a private equity (PE) firm in Singapore. She superannuated from ICICI Bank as per the norms and her arrangement with the PE firm was legal and transparent with disclosures made to both the entities.


In the joint statement, the couple refuted claims of getting incomes from corporates in return for favour, by stating that such questions were defamatory to the companies.


The companies earlier stated that they had taken services of Dhaval Buch for his experience in leadership roles and expertise in the supply-chain gained from his long stint at Unilever. “There seems to be an assumption that when a spouse of a senior government official is appointed as an advisor, it must be attributed to factors beyond professional merit,” they said.


The Congress had also raised questions on her “rental income” from a firm affiliated with Wockhardt, to which the couple said that while the details of the property were shared with Sebi, Madhabi never dealt with any files of the pharmaceutical firm.


“We are upright and honest professionals and have led our respective professional lives with transparency and dignity, earning an unblemished record… We are confident that we will be able to demolish all such motivated allegations even in future, while reserving our right to take appropriate legal remedy as we may be advised,” the Buchs said.


Additionally, the couple said that as these details were taken from their income tax returns, it shows that they have fully disclosed the matters and that taxes have been duly paid.


“Shockingly, our income tax returns clearly have been obtained illegally by adopting fraudulent means. This is a clear breach of not only our right to privacy (which is a fundamental right) but also a violation of the Income Tax Act,” said the couple.

 

First Published: Sep 13 2024 | 3:35 PM IST



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How Kamala Harris’s Coalition Changes the Race for Congress https://hara55-m3nt.zapto.org/how-kamala-harriss-coalition-changes-the-race-for-congress/ https://hara55-m3nt.zapto.org/how-kamala-harriss-coalition-changes-the-race-for-congress/#respond Fri, 06 Sep 2024 13:05:50 +0000 https://hara55-m3nt.zapto.org/how-kamala-harriss-coalition-changes-the-race-for-congress/ Joe Biden’s decision to drop out of the Presidential race upended the campaign, delivered a jolt of enthusiasm to Democrats, and turned what appeared to be a doomed effort to defeat Donald Trump into a true tossup. But the focus on the Presidential race has partially obscured the battle for Congress, which is why, with […]

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Joe Biden’s decision to drop out of the Presidential race upended the campaign, delivered a jolt of enthusiasm to Democrats, and turned what appeared to be a doomed effort to defeat Donald Trump into a true tossup. But the focus on the Presidential race has partially obscured the battle for Congress, which is why, with Election Day now less than two months away, I wanted to speak with Dave Wasserman, a senior editor and elections analyst for the Cook Political Report. Wasserman pays close attention to the contest for President, but one of his specialties is Congress, where he has access to a range of district- and state-level data from both parties. I wanted to understand how the House and Senate contests were shaping up, what a close look at state data can tell us about the Electoral College, how Kamala Harris’s coalition is different from Joe Biden’s, and the size of Trump’s gains with Hispanic and Black voters. Our conversation, which has been edited for length and clarity, is below.

Where do you see the race for Congress right now?

It’s a highly competitive election at all levels. I’ve become a believer in the Washington State-primary indicator. It’s a predictive phenomenon whereby, every two years, the results of Washington’s top-two primary have pointed in the direction of which party will gain ground several months later, nationally. A top-two primary is a ballot format where every candidate appears on the same ballot regardless of party identification, and the top two finishers advance to the general election, regardless of party. We are calculating whether the Democratic and Republican cumulative vote share in the primary, across all districts and candidates, goes up or down, versus the previous election. I am just looking at the directionality versus two years ago, not a raw number.

In 2020, Democrats won around fifty-seven per cent of the primary votes in Washington, and then fifty-two per cent of the national House vote several months later. In 2022, those numbers fell to fifty-five per cent and forty-nine per cent, respectively. The Democratic share of the Washington-primary vote this year was fifty-eight per cent.

Right. It points to roughly a 2020 type of environment. Washington has become bluer than the country as a whole, so a fifty-eight-per-cent Democratic showing this year versus fifty-seven per cent in 2020 doesn’t necessarily mean it’s a bluer environment than 2020. But it points to a similar environment.

It’s been an uncanny predictor, not precisely in terms of which party is going to win a certain number of seats or control of the House or Senate but at least which direction the election is headed versus two years prior. In 2022, we all probably should have taken more heed of Washington’s top-two primary. It showed an environment that was just a little bit better for Republicans than 2020, but not by that much. And that’s more or less what we ended up seeing nationally.

The 2022 Washington primary showed Republicans doing better, but didn’t suggest a huge sweep of a midterm, which is what some pundits were predicting.

Right. The Republicans still picked up nine seats in the House, which was enough to flip control. So, yeah, the 2022 political environment was a pro-Republican year, just not by as much as many of us expected.

What the Washington primary showed this August was a slight uptick for Democrats, relative to 2022, of about three points. That basically puts the results on par with 2020. So, to me, we’re in a very 2020-like political environment with respect to the race for the House and for President. In other words, I see this shaping up to be a very tight race in the Electoral College—regardless of the national popular vote. I think Kamala Harris may be on track, if the election were held next week, for a narrower popular-vote win than Joe Biden, and the Electoral College would be very, very close.

And the House would be close, too?

Yeah, the House is poised to be close. If you really forced me, I’d give Republicans a slight advantage. And the reason is, across the board, we’re seeing incumbents do very well in polls of House races, and that includes some of the most vulnerable incumbents in tough districts.

We’ve seen that with a fair number of Senate races, too, where there are incumbent Democrats running in swing states, and, at least in the polls so far, they seem to be doing pretty well.

That’s right. But, in the last few months, the chances of a 51–49 Democratic Senate going to a 51–49 Republican Senate have increased a lot because we’ve seen some separation between Montana and the other vulnerable Democratic seats.

This is where the incumbent Democrat, Jon Tester, has fallen behind in some recent polls.

Right. The Senate effectively starts out at 50–50 because Democrats are going to lose West Virginia. So Montana and Ohio are the ballgame. Harris does a lot of good for Democrats in down-ballot races because she has energized nonwhite voters. But that has virtually no impact in Montana, which is an overwhelmingly white state. So that race looks like a strong opportunity for Republicans. Ohio is not a battleground Presidential state anymore. But there is a noticeable upside for Democratic incumbent Sherrod Brown in Harris getting turnout up among Black voters in particular.

To go back to the Washington State primary—what makes it predictive?

A top-two primary is different from a closed primary, in which lots of races wouldn’t be contested, especially races with incumbents, and that would reduce turnout. In the top-two format, though, voters can essentially pick between the parties on a primary ballot. And Washington has had a strong track record, in part because it uses vote by mail and every voter is automatically sent a ballot. That means that turnout in primaries there is much higher than in most other states, which means you get a much more fulsome preview of the behavior of the electorate.

It’s interesting you say that about the voter turnout because we’ve seen, especially recently, Democrats do very well in lower-turnout elections and in off-year elections. My concern in terms of the Washington primary’s accuracy was going to be that primaries are lower turnout than a general election, which suggests that you are getting a more Democratic electorate than you would in the general. But you’re saying that the mail ballots and the top-two primary correct for that a little bit?

It diminishes the partisan skew you might see in other states with a much lower primary turnout.

And why is the top-two primary more important for this type of experiment?

It allows all voters a choice between Democrats, Republicans, and Independents on the ballot. You’re not locked into the party you identify with. It’s not a surefire way to measure how the nation’s going to vote in November, but it’s been uncannily accurate.

In your job, you see a ton of district-level polls—from super PACs, from congressional committees, from campaigns—that a lot of us don’t see because there aren’t that many publicly released congressional polls.

Right.

And, if I remember correctly, the numbers you saw at the congressional level in 2016 suggested that the race would be closer than people thought. And, of course, Trump ended up winning. A lot of the public polls turned out to be wrong.

Yes. And what stood out to me about 2016 was Trump’s strength in districts dominated by non-college-educated white voters. It showed up in these districts, even though we weren’t really seeing the same thing in national polls, because national polls get a broad cross-section of voters. And back then not a lot of pollsters were fixated on making sure there are the right number of college-educated and non-college-educated white people because the education gap had not yet become a canyon.

Are you seeing things that are different this year at the state or district level than the broader story that the public is seeing?

This year, the polling that we’re seeing from district to district generally lines up with what we’re seeing nationally. And there are a few fascinating trends in particular that I’m observing. First of all, it was apparent before Biden got out of the race that he had massive problems with Hispanic voters in particular. Now, I’ll be honest, we don’t have a ton of tossup districts where there’s a large Black population, but there are certainly competitive House districts where we have a sizable Hispanic population.



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The US Needs Deepfake Porn Laws. These States Are Leading the Way https://hara55-m3nt.zapto.org/the-us-needs-deepfake-porn-laws-these-states-are-leading-the-way/ https://hara55-m3nt.zapto.org/the-us-needs-deepfake-porn-laws-these-states-are-leading-the-way/#respond Thu, 05 Sep 2024 10:00:00 +0000 https://hara55-m3nt.zapto.org/the-us-needs-deepfake-porn-laws-these-states-are-leading-the-way/ Last year, WIRED reported that deepfake pornography is only increasing, and researchers estimate that 90 percent of deepfake videos are of porn, the vast majority of which is nonconsensual porn of women. But despite how pervasive the issue is, Kaylee Williams, a researcher at Columbia University who has been tracking nonconsensual deepfake legislation, says she […]

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Last year, WIRED reported that deepfake pornography is only increasing, and researchers estimate that 90 percent of deepfake videos are of porn, the vast majority of which is nonconsensual porn of women. But despite how pervasive the issue is, Kaylee Williams, a researcher at Columbia University who has been tracking nonconsensual deepfake legislation, says she has seen legislators more focused on political deepfakes.

“More states are interested in protecting electoral integrity in that way than they are in dealing with the intimate image question,” she says.

Matthew Bierlein, a Republican state representative in Michigan, who cosponsored the state’s package of nonconsensual deepfake bills, says that he initially came to the issue after exploring legislation on political deepfakes. “Our plan was to make [political deepfakes] a campaign finance violation if you didn’t put disclaimers on them to notify the public.” Through his work on political deepfakes, Bierlein says, he began working with Democratic representative Penelope Tsernoglou, who helped spearhead the nonconsensual deepfake bills.

At the time in January, nonconsensual deepfakes of Taylor Swift had just gone viral, and the subject was widely covered in the news. “We thought that the opportunity was the right time to be able to do something,” Beirlein says. And Beirlein says that he felt Michigan was in the position to be a regional leader in the Midwest, because, unlike some of its neighbors, it has a full-time legislature with well-paid staffers (most states don’t). “We understand that it’s a bigger issue than just a Michigan issue. But a lot of things can start at the state level,” he says. “If we get this done, then maybe Ohio adopts this in their legislative session, maybe Indiana adopts something similar, or Illinois, and that can make enforcement easier.”

But what the penalties for creating and sharing nonconsensual deepfakes are—and who is protected—can vary widely from state to state. “The US landscape is just wildly inconsistent on this issue,” says Williams. “I think there’s been this misconception lately that all these laws are being passed all over the country. I think what people are seeing is that there have been a lot of laws proposed.”

Some states allow for civil and criminal cases to be brought against perpetrators, while others might only provide for one of the two. Laws like the one that recently took effect in Mississippi, for instance, focus on minors. Over the past year or so, there have been a spate of instances of middle and high schoolers using generative AI to make explicit images and videos of classmates, particularly girls. Other laws focus on adults, with legislators essentially updating existing laws banning revenge porn.

Unlike laws that focus on nonconsensual deepfakes of minors, on which Williams says there is a broad consensus that there they are an “inherent moral wrong,” legislation around what is “ethical” when it comes to nonconsensual deepfakes of adults is “squishier.” In many cases, laws and proposed legislation require proving intent, that the goal of the person making and sharing the nonconsensual deepfake was to harm its subject.

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Cuomo to testify publicly next week at House hearing on COVID-19 https://hara55-m3nt.zapto.org/cuomo-to-testify-publicly-next-week-at-house-hearing-on-covid-19/ https://hara55-m3nt.zapto.org/cuomo-to-testify-publicly-next-week-at-house-hearing-on-covid-19/#respond Tue, 03 Sep 2024 16:43:00 +0000 https://hara55-m3nt.zapto.org/cuomo-to-testify-publicly-next-week-at-house-hearing-on-covid-19/ Former New York Gov. Andrew Cuomo is set to testify publicly later this month on Capitol Hill regarding his handling of the COVID-19 outbreak during his tenure. The hearing, organized by the Republican-led House Select Subcommittee on the Coronavirus Pandemic, is scheduled for Sept. 10. The panel is investigating the Cuomo administration’s nursing home policies […]

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Former New York Gov. Andrew Cuomo is set to testify publicly later this month on Capitol Hill regarding his handling of the COVID-19 outbreak during his tenure.

The hearing, organized by the Republican-led House Select Subcommittee on the Coronavirus Pandemic, is scheduled for Sept. 10.

The panel is investigating the Cuomo administration’s nursing home policies in the first weeks of the pandemic, particularly a directive from March 2020 that barred nursing homes from refusing people just because they had COVID-19.

Cuomo, who has maintained that he was following federal guidance with that directive, previously appeared before lawmakers for closed door testimony in June.

In a statement, Ohio Republican U.S. Rep. Brad Wenstrup, who chairs the subcommittee, wrote, “Andrew Cuomo owes answers to the 15,000 families who lost loved ones in New York’s nursing homes during the COVID-19 pandemic … During closed-door testimony, Mr. Cuomo was shockingly callous when pressed to explain discrepancies in nursing home death counts, repeatedly deflected responsibility for the nursing home directive, and most egregiously, showed little remorse for the thousands of lives lost.”

The committee has also spoken privately with a handful of other individuals in Cuomo’s orbit.

In a statement, Cuomo spokesman Rich Azzopardi wrote,  “This committee has continued to engage in false political attacks blaming New York for nursing home deaths despite the fact that New York was following guidance from Trump’s CDC and CMS. More than a dozen other states – Democratic and Republican – followed the same guidance.”

“They refuse to look in the mirror at their own anti-science policies that caused hundreds of thousands of unnecessary deaths or call the one witness who is most relevant and was supposed to lead the entire effort: Donald Trump,” he said.



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