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Tag: Capitol Hill

  • Brands in US pause political donations after Capitol Hill episode

    Brands in US pause political donations after Capitol Hill episode

    NEW DELHI: Multiple brands in the US have decided to pause political donations to both Republicans and Democrats following Wednesday's Capitol siege. These include the likes of JPMorgan, Citibank, Facebook, and Microsoft.

    Media reports say that JPMorgan will pause all political funding for at least six months, Citibank for the remainder of the quarter, and Facebook for the next three months.

    Other companies that are following the suite include 3M, Dow, Marriott, and Morgan Stanley. These companies have expressed their discontentment around the Capitol Hill attacks and have stated that the focus of all the leaders should be on governing and helping those who need it. Some organisations have decided to suspend political contributions to representatives and senators who voted against the certification of Biden’s election last week.

    FedEx, Target, CVS Health, AT&T, and Walmart are among the companies currently reviewing their positions on political contributions

    Facebook told Axios it would pause political donations to the Democrats and the GOP for at least three months. The social media giant also indefinitely suspended Trump's Facebook account on Thursday, which will last at least until President-elect Biden is inaugurated on January 20.

    Microsoft is also freezing all political donations for the remainder of the quarter, Ashley Gold of Axios reported.

    The attack that took place last Wednesday left five people dead and several injured. There was an intense clash between the police authorities and local people after they were incited by the outgoing US president Donald Trump.

    People across the world condemned the attacks and social media platforms like Twitter and Facebook have suspended Trump’s account, citing the risk of him disturbing the peace in the country.

  • Subhash Chandra meets US senators on Capitol Hill

    Subhash Chandra meets US senators on Capitol Hill

    MUMBAI: Zee Telefilms chairman Subhash Chandra has said that, the passing of the US-India civil nuclear deal is pivotal to sustain India’s burgeoning economy and its special energy needs.

    Addressing lawmakers from both houses of the US Congress at a reception held on the Capitol Hill, Chandra made a “compelling” case as to why the nuclear deal was important in the larger economic interests of both the countries and to furthering bilateral relations.

    The reception, hosted by New York hotelier Sant Singh Chatwal, was held on 17 May. The guest list included Hillary Clinton and Atlanta hotelier Mike Patel.

    According to an official release from Zee, Chandra pointed out that if India continues to consume traditional energy resources at current pace, it could soon adversely impact international oil and energy prices and cripple the economies of many developing countries. Such a scenario could hit the US economy as well global economic growth and result in the US having to spend an additional $500 billion annually in sustaining higher energy costs. The US-India civil nuclear deal, he said, would also spawn many business opportunities in India for several US energy companies.

    While the presence of large numbers of senators and representatives reaffirmed wide bi-partisan support for the civil nuclear deal in both houses of the Congress, the lobbying efforts are far from over. Some lawmakers said they were watching the developments closely and hoped whatever reservations they had about the deal would be dealt with positively during such interactions with business leaders from both countries and their colleagues on the Capitol, adds the release.

    The lawmakers made their points in support of the deal and largely acknowledged that the civil nuclear deal will help both India and the US prosper, sustaining the global economy its growth. They called on their colleagues, many of whom have traveled to India on several occasions before and after President Bush’s historic India visit, to support the nuclear cooperation agreement.

    Among the notable senators at the reception were: John Kerry, Joe Biden, Charles Schumer, Hillary Clinton, John Cornyn and Lamar Alexander. The House of Representatives was represented, among others, by Joseph Crowley, Joe Wilson, Roy Blunt Nancy Pelosi, Steny Hoyer and many more.