Tag: Elon Musk

  • The MAGA turn: Global fallout and India’s dilemma

    The MAGA turn: Global fallout and India’s dilemma

    India cannot blame Western xenophobia while succumbing to it at home

    “Normally, domestic and foreign policies of countries are inter-related. The Trump administration demonstrates that by aligning its foreign policy with its MAGA supremacism. The BJP managed to largely insulate domestic politics from foreign policy, except in South Asia. While adopting nationalist-majoritarian politics at home, with boundaries between religion and politics removed, its foreign policy continued the old secular line, at least superficially. The US State Department’s reports on human rights practices in India berated the constriction of religious, individual and press freedoms. The 2024 report listed the Citizenship Amendment Act and anti-conversion laws as raising concerns. It, however, ignored the BJP’s non-liberal political trajectory weakening democracy. India-US relations were considered more crucial to the global American strategy.”

    By KC Singh

    US President Donald Trump completes one year in office on January 20. The Economist magazine says he has “turned domestic and international politics on its head”. During the campaign, he looked past Project 2025, produced by the conservative Heritage Foundation. However, in office his barrage of executive orders began implementing Project 2025. This included mass, forceful deportation of suspected aliens without hearing, domestic military involvement (now halted by the Supreme Court), dismantling of the bureaucracy, outsourced to Elon Musk, whose Department of Government Efficiency failed drastically.

    The external policy changes began with the April “Liberation Day” arbitrary tariffs on imports. Then emerged a closer alignment with Israel, a pro-Russia tilt in handling the Ukraine war, an escalated trade standoff with China and a transitory compromise. European NATO allies played along, preferring non-confrontation while examining self-reliance, to manage the US pullback from defense commitments. The National Security Strategy (NSS) of December 4-5 confirmed major US policy mutations.

    The new foreign policy priorities list the “Western Hemisphere” on the top. It refers to the Americas — North and South — resurrecting the 19th century’s Monroe Doctrine, which barred European rivals from interfering in Latin-American affairs. Next comes Asia, with focus on the Indo-Pacific. Unlike the past NSS documents, China is not named as a threat, though it colors the Asian strategy. On December 8, the US allowed the sale to China of Nvidia’s advanced H200 chips.

    India figures as a subtext, expected to help ensure Indo-Pacific security. Then follows Europe. Under the subtitle “Promoting European Greatness”, the NSS document argues that the European challenge exceeds economic stagnation and low military spending. The “real and more stark” prospect is of “civilizational erasure” due to migration policies. Europe’s loss of self-confidence is attributed to the regulatory check on the “growing influence of patriotic parties”. This refers to the far-right’s ascendancy in major European nations. This theory is MAGA-inspired, with the US administration desiring a “new Western order”, dominated by governments led by white Christian nationalist-populists.

    In the UK, the Nigel Farage-led Reform UK is polling 30 per cent support; while in France, Marine Le Pen’s National Rally is at 33.4 per cent and Germany’s AfD is scaling 26 per cent. Europeans saw this support-signaling as regrettable interference in their internal affairs. German Foreign Minister Johann Wadephul retorted that they did not “need to get advice from any other country or party”. German intelligence sees AfD as an extremist group.

    In this disrupted post-1945 global order, where does India fit? Normally, domestic and foreign policies of countries are inter-related. The Trump administration demonstrates that by aligning its foreign policy with its MAGA supremacism. The BJP managed to largely insulate domestic politics from foreign policy, except in South Asia. While adopting nationalist-majoritarian politics at home, with boundaries between religion and politics removed, its foreign policy continued the old secular line, at least superficially. The US State Department’s reports on human rights practices in India berated the constriction of religious, individual and press freedoms. The 2024 report listed the Citizenship Amendment Act and anti-conversion laws as raising concerns. It, however, ignored the BJP’s non-liberal political trajectory weakening democracy. India-US relations were considered more crucial to the global American strategy.

    The BJP would welcome the NSS document now, recommending non-interference in the internal affairs of other nations. The US bureaucracy handling those issues stands disbanded. But domestically, the rising xenophobia in the US is impacting the Indian diaspora, especially their religious practices. The New York Times wrote about the troubles of Sikh truck drivers in the US after two August accidents. Sikhs in the trucking business, many on asylum-related visas, number 1,50,000, probably a quarter of the Sikh diaspora. Federal authorities have asked states like California to review their driving license policy. Canada and Australia have capped student visas, raised fees, heightened scrutiny of forms, etc. The transition to work visas may also be tightened. In New Zealand, a Sikh religious procession was last month disrupted by a far-right Christian group.

    The rising xenophobia in Christian Anglophone and western nations raises concerns. The BJP surely realizes that Hindu groups in India targeting Christians, particularly this year, can provoke retaliation against the Hindu diaspora. Occasional lynchings of Muslims did not impact India’s relations with the Islamic world because the Modi government had successfully engaged the principal Gulf-ruling families. Pakistan only had Turkey and an isolated Iran to join the condemnation. A divided Organisation of Islamic Conference (OIC) lacked the thrust to target India. But Pakistan stands diplomatically revived after wooing Trump and engaging Saudi Arabia and the UAE. It is now better positioned for India-baiting.

    Plus, Bangladesh may elect next month a right-wing government, probably under Islamist Jamaat-e-Islami’s influence. Pakistan and its ISI would celebrate that. Simultaneously, Assam and West Bengal face elections. Communal polarization helps the BJP electorally, especially by brandishing Bangladeshi illegal migration. Can India blame the western xenophobia while succumbing to it internally?

    Punjab may suffer if deportations from the US mount. Narrowing opportunities abroad will block the Punjabi youth’s escape route. Thus, Punjab must develop economic opportunities. Green Revolution 2.0 is overdue. The agricultural and dairy sectors need production and supply chain modernization. If over two lakh Sikhs could salvage the Italian dairy industry and parmesan cheese production, why not the same in Punjab? Similarly pioneering work exists in turning rice stubble into biofuel and organic fertilizer. The chemical fertilizer lobby suppresses such new approaches.

    Punjab needs pro-innovation leadership. Delhi requires non-partisan statesmanship.

     (K.C. Singh is a retired diplomat)

     

  • Elon Musk predicts ‘war in 5 to 10 years’, warns it’s ‘inevitable’

    Elon Musk predicts ‘war in 5 to 10 years’, warns it’s ‘inevitable’

    NEW YORK (TIP): Elon Musk is once again making headlines for his blunt commentary on X, the social media platform he owns. The tech billionaire, known for offering unfiltered opinions, suggested in a recent post that a major global conflict could occur within the next 5 to 10 years.

    The remark came in response to a thread discussing nuclear deterrence and its impact on government effectiveness. An X user, Hunter Ash, argued that governments have grown complacent because the threat of large-scale war between major powers has been reduced by nuclear weapons.

    “Governments all suck now because nuclear weapons prevent war, or even the credible threat of war, between major powers. So, there’s no external/evolutionary/market pressure on governments to not suck,” Ash wrote.

    Musk replied with a terse but alarming prediction: “War is inevitable. 5 years, 10 at most.” He did not provide any further explanation, leaving users to speculate about which geopolitical tensions he may have been referring to.

    Given Musk’s influence—bolstered by his brief role leading the Department of Government Efficiency (DOGE) under former U.S. President Donald Trump—his comment quickly drew widespread attention.

    Some users turned to Grok, xAI’s chatbot, for clarification. Grok pointed to Musk’s earlier warnings about global instability, including concerns about mass migration in Europe, rising identity-based political conflicts, and escalating tensions involving Taiwan, Ukraine, and major powers such as the United States and China.

    While neither Musk nor the original thread specified any particular conflict, past statements suggest Musk sees a range of potential flashpoints.

  • Musk launches ‘America Party’ as feud with Trump escalates

    Musk launches ‘America Party’ as feud with Trump escalates

    WASHINGTON, D.C. (TIP): The dispute between Republican President Donald Trump and his main campaign financier Elon Musk took another fractious turn on Saturday, July 5, when the space and automotive billionaire announced the formation of a new political party, saying Trump’s “big, beautiful” tax bill would bankrupt America. A day after asking his followers on his X platform whether a new US political party should be created, Musk declared in a post on Saturday that “Today, the America Party is formed to give you back your freedom.”

    “By a factor of 2 to 1, you want a new political party and you shall have it!” he wrote.

    The announcement from Musk comes after Trump signed his self-styled “big, beautiful” tax-cut and spending bill into law on Friday, which Musk fiercely opposed.

    Musk, who became the world’s richest man thanks to his Tesla car company and his SpaceX satellite firm, spent hundreds of millions on Trump’s re-election and led the Department of Government Efficiency from the start of the president’s second term aimed at slashing government spending.

    The first sign of investor dissatisfaction with Musk’s announcement followed later in the day. Investment firm Azoria Partners will postpone the listing of a Tesla exchange-traded fund, Azoria CEO James Fishback said in a post on X.

    Fishback is asking Tesla’s board to clarify Musk’s political ambitions and said the new party undermines the confidence shareholders had that he would be focusing more on the company after leaving government service in May.

    Musk said previously that he would start a new political party and spend money to unseat lawmakers who supported the bill.

    Trump earlier this week threatened to cut off the billions of dollars in subsidies that Musk’s companies receive from the federal government.

    Republicans have expressed concern that Musk’s on-again, off-again feud with Trump could hurt their chances to protect their majority in the 2026 midterm congressional elections.

    Asked on X what was the one thing that made him go from loving Trump to attacking him, Musk said: “Increasing the deficit from an already insane $2T under Biden to $2.5T. This will bankrupt the country.” There was no immediate comment from Trump or the White House on Musk’s announcement.

    The feud with Trump, often described as one between the world’s richest man and the world’s most powerful, has led to several precipitous falls in Tesla’s share price.

    The stock soared after Trump’s November reelection and hit a high of more than $488 in December, before losing more than half of its value in April and closing last week out at $315.35.

    Despite Musk’s deep pockets, breaking the Republican-Democratic duopoly will be a tall order, given that it has dominated American political life for more than 160 years, while Trump’s approval ratings in polls in his second term have generally held firm above 40%, despite often divisive policies.
    (Source: Reuters)

  • Elon Musk Goes Nuclear

    Elon Musk Goes Nuclear

    The world’s richest man and the president of the United States are now openly fighting

    By David A. Graham

    From the moment Elon Musk bounded onstage, midriff bared, to campaign for Donald Trump, cynics predicted that the two men’s egos were too large to allow for a lasting alliance. Improbably, however, the bond persisted, despite the rocky rollout of the U.S. DOGE Service, disagreements over legislation, and even covers of The New Yorker and Time that seemed designed to troll Trump and drive a wedge between the men.

    Now it seems the cynics weren’t wrong—just premature in their predictions. A feud that simmered all week broke into outright hostility this afternoon, with Trump appearing to threaten to cancel all of the contracts and tax subsidies Musk’s companies have with the government, and Musk alleging that Trump hasn’t released files related to Jeffrey Epstein because he’s implicated in them. The falling-out feels both inevitable and still shocking. (The Germans must have a word for this situation; perhaps Trump could ask Chancellor Friedrich Merz, who visited the White House today.)

    It was only Friday that Trump and Musk held an amiable press conference in the Oval Office to mark the end of Musk’s time as a “special government employee,” as he returns to his somewhat battered companies. Trump presented Musk with a key to the White House—gilded, but you knew that—and Musk promised to continue to offer Trump advice as much as desired. “I hope so,” the president replied. He’s apparently having second thoughts now. “I’m very disappointed in Elon,” Trump said in an appearance alongside Merz.

    The rift opened over the past few days, as Musk began campaigning against the One Big Beautiful Bill Act, the sprawling legislation that Republicans are trying to move through both houses of Congress to extend Trump’s first-term tax cuts, slash entitlements, and achieve whatever else of the president’s agenda they can cram in or sneak past members and the Senate parliamentarian.

    “This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination,” Musk posted on X on Tuesday. “Shame on those who voted for it: you know you did wrong. You know it.” In another post, he wrote, “Bankrupting America is NOT ok! KILL the BILL.” In yet another: “The Big Ugly Bill will INCREASE the deficit to $2.5 trillion!” And a fourth: “This bill was never shown to me even once and was passed in the dead of night so fast that almost no one in Congress could even read it!”

    What Musk wants is not entirely clear. His understanding of government spending has always been muddled, which is one reason DOGE was doomed to miss its cost-cutting targets. His sudden emergence as a strict deficit hawk is difficult to believe, though if he’s really concerned, he could call for higher taxes. (Somehow it’s not surprising that a multibillionaire would prefer to cut social services for average citizens.) One hint about the true source of his fury is that he keeps bringing up reductions in subsidies for electric vehicles, something that could directly affect his bottom line.

    At first, in an unusual display of circumspection and restraint, the White House tried to avoid directly responding to Musk. Then officials began pushing back, mostly in policy terms. Trump unleashed a flurry of announcements last night that seemed intended to distract from Musk. But then Trump’s patience ran out, producing today’s sound bite. The president also said he’d rather Musk criticize him personally than the bill, which sounds false.

    The situation puts Trump in an ironic position: He likes to be the guy on the outside, attacking government officials for failing to accomplish some impossible task. Now Musk is doing that to him, while Trump has to defend the imperfect process of legislation. As of this writing, Musk had pinned to the top of his X profile a repost of many screenshots of Trump arguing for fiscal discipline before having won his first term. “Where is this guy today??” Musk sniped.

    A clash between Musk and Trump will be a test of what happens when two of the greatest promoters in mass-media history square off. Both are adept at driving a news cycle; both are the owners of social-media platforms; and although X is much larger than Truth Social, Trump also has the advantage of being, you know, the president of the United States. Which of them can control the news more?

    But the most interesting clash is the one between two guys who thought they had bought each other off. For a time, they both must have thought they had a great deal. Trump got at least a quarter of a billion dollars in campaign support from Musk, and he got the joy of having the world’s richest man as his sidekick. Maybe Trump even believed that DOGE would be able to make huge budget cuts via improvements in efficiency.

    Musk, meanwhile, was able to wield unprecedented power as an unelected, unconfirmed bureaucrat. In 2023, during an onstage discussion, Israeli Prime Minister Benjamin Netanyahu asked the South African–born Musk, “You can’t be president of the U.S. last time I checked, right?” Musk replied with a smirk, “Not officially.” For a moment, he seemed to achieve that unofficial reign. DOGE was given wide latitude. Musk skulked around the Oval Office with his young son and mugged in interviews with the president. He could also help direct contracts to his companies, hurt competitors, and install allies in key posts. At the peak of their bond, and a nadir of propriety, the president arranged an infomercial for Tesla on the White House lawn.

    Now, as they drift apart, both men are feeling burned. “I’ve helped Elon a lot,” Trump groused today. Later, he unloaded on Musk on Truth Social. “Elon was ‘wearing thin,’ I asked him to leave, I took away his EV Mandate that forced everyone to buy Electric Cars that nobody else wanted (that he knew for months I was going to do!), and he just went CRAZY!,” Trump wrote, adding in a threat: “The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon’s Governmental Subsidies and Contracts. I was always surprised that Biden didn’t do it!”

    Musk’s anger, though just as hot, was tinged with imperious presumption. “Without me, Trump would have lost the election, Dems would control the House and the Republicans would be 51-49 in the Senate,” Musk wrote on X this afternoon. “Such ingratitude,” he added. You can kind of see his point: He thought that investing massive amounts of money into Trump would allow him to get whatever he wanted from Trump, and Trump did little to dispel that impression. Musk’s transparency about DOGE’s actions was wanting, but he’s making it crystal clear what he thought he bought. Trump and Musk are both learning the limitations on their purchases—and the public is getting an illustration of the danger of someone like Musk having so much personal influence on the government.
    (David A. Graham is a journalist based in Durham, North Carolina. He is a staff writer at The Atlantic, where he covers politics, criminal justice, music, and other topics. His coverage of the 2020 presidential election won the 2021 Toner Prize for Excellence in National Political Reporting.)

  • Elon Musk launches appeal to restore $56 billion Tesla payday

    Elon Musk launches appeal to restore $56 billion Tesla payday

    WILMIMGTON (TIP): Elon Musk kicked off his appeal to try to restore his $56 billion payday from Tesla on Tuesday, March 11, claiming a lower court judge made multiple legal errors in rescinding the record compensation.

    The 2018 pay package resulted in spectacular growth for the electric vehicle maker and yet it was determined by the lower Court of Chancery to be unfair to shareholders, who voted twice to approve the plan, Musk argued.

    “That counterintuitive result defies settled principles of Delaware law, sound corporate governance, and common sense,” said the opening appeal brief by Musk and the current and former Tesla directors who are defendants in the case. In January 2024, Chancellor Kathaleen McCormick rescinded the pay package of stock options, calling it “unfathomable.”

    She said it was unfair to Tesla shareholders because the directors who approved it were beholden to Musk and Tesla withheld key information from investors before they voted to approve it. In June, Tesla got shareholder approval for the pay package for a second time, but the judge rejected that as grounds for reversing her ruling.

    The pay package had awarded Musk options to buy around 303 million Tesla shares at around $23 each if the company hit performance and valuation goals. Tesla stock closed Tuesday, March 11, at $230.58. Tesla has said creating a new pay package of similar value could result in a charge of $25 billion, making the appeal an important avenue for restoring Musk’s compensation and keeping his attention on Tesla.

    Musk has said that he wants a greater stake in Tesla or he might develop products outside of the company. The appeal comes as he is dedicating time to President Donald Trump’s government efficiency effort, known as DOGE, which has sparked demonstrations outside Tesla dealerships. The stock has fallen sharply in recent weeks.

    In the appeal brief, Musk and the other defendants said McCormick wrongly applied a very difficult legal standard known as entire fairness to assess the pay package.

    She arrived at that standard by finding Musk, who owned 21.9% of the stock at the time the board approved the pay package, controlled the pay negotiations, according to the brief. In addition, she wrongly determined that ordinary business relationships among directors made them conflicted and she erroneously faulted Tesla’s disclosures ahead of the 2018 shareholder vote, according to the brief.

    Applying the entire fairness standard amounted to granting a “license to sue” to Tesla shareholders, the brief said. The lawsuit was brought by Richard Tornetta, a Tesla investor who owned nine shares when he filed the case in 2018. The lawsuit benefits Tesla, not Tornetta, in what is known as a derivative suit. Musk blasted the pay decision and has encouraged other companies to follow Tesla and SpaceX and reincorporate out of Delaware. A handful have left the state or said they might, including Meta Platforms, TripAdvisor and Trump’s media company.

    Fears that a trickle of companies will turn into a stampede, which has been dubbed “DExit,” prompted the state’s legislature to consider amending its corporate law to better protect controlling shareholders from lawsuits.

  • Suozzi Leads Letter to Social Security Administration, Expresses Alarm at Potential DOGE Access

    Suozzi Leads Letter to Social Security Administration, Expresses Alarm at Potential DOGE Access

    WASHINGTON, D.C. (TIP): Congressman Suozzi, on February 11, led a Ways and Means letter to Michelle King, Acting Commissioner of the Social Security Administration (SSA). The letter was co-signed by every Democratic Member of the Ways and Means Committee, including Ranking Member Neal (D-MA).
    The letter expressed alarm about the recent access Elon Musk and the U.S. Department of Government Efficiency (“DOGE”) was able to gain to the Department of the Treasury’s payment systems, and conveyed further concern about reports that DOGE plans to turn its attention to the SSA.
    “Social Security has been the bedrock promise of economic security in our nation for the last century,” the Members wrote. “After a lifetime of work or in life’s most precarious moments, it provides benefits to approximately 70 million people across the United States, including seniors, survivors, and people with disabilities.”
    The SSA has access to Americans’ most personal information, including banking information, home addresses, disability status, medical conditions, if a parent or spouse has died, and Social Security numbers themselves.
    The letter also requests Commissioner King respond to several questions regarding the security of Americans’ Social Security information within 72 hours. These inquiries include an assessment of potential risks to information, whether or not DOGE has requested access to SSA’s systems, and what kind of security checks are currently in place.
    “We will not stand by and allow the sensitive personal information of our nation’s Social Security beneficiaries to be politicized or bought and sold to the highest bidder, or to allow any harm to their Social Security benefits,” the Members continued. “The stakes are too high and the consequences too grave.”
    “My office alone has received more than 1,000 calls from constituents who are afraid Elon Musk and his DOGE team of college-aged kids have unfettered access to their private information,” said Suozzi. “No one, including DOGE, should be ransacking the confidential information of private citizens, whether that information relates to their taxes, their healthcare, their social security status, or anything else.”

  • Judge Halts Access to Treasury Payment Systems by Elon Musk’s Team

    Judge Halts Access to Treasury Payment Systems by Elon Musk’s Team

    NEW YORK (TIP): A federal judge temporarily restricted access by Elon Musk’s government efficiency program to the Treasury Department’s payment and data systems, saying there was a risk of “irreparable harm”, New York Times reported.

    Trump administration’s new policy of allowing political appointees and “special government employees” access to these systems, which contain highly sensitive information such as bank details, heightens the risk of leaks and of the systems becoming more vulnerable than before to hacking, U.S. District Judge Paul A. Engelmayer said in an emergency order.

    Judge Engelmayer ordered any such official who was granted access to the systems since Jan. 20 to “destroy any and all copies of material downloaded from the Treasury Department’s records and systems.” He also restricted the government from granting access to these categories of officials.

    The defendants — President Trump and Treasury Secretary Scott Bessent — should show cause on Feb. 14 before Judge Jeannette A. Vargas, who is handling the case on a permanent basis, Judge Engelmayer said.

    The order came in response to a lawsuit filed on Friday by Letitia James of New York along with 18 other Democratic state attorneys general, charging that when President Trump gave Mr. Musk the run of government computer systems, he had breached protections enshrined in the Constitution and “failed to faithfully execute the laws enacted by Congress.”

    The attorneys general said the president had given “virtually unfettered access” to the federal government’s most sensitive information to young aides who work for Mr. Musk, who runs a program the administration calls the Department of Government Efficiency, or DOGE, though it is not an actual department.

    While the group was supposedly assigned to cut costs, members are “attempting to access government data to support initiatives to block federal funds from reaching certain disfavored beneficiaries,” according to the suit. Mr. Musk has publicly stated his intention to “recklessly freeze streams of federal funding without warning,” the suit said, pointing to his social media posts in recent days. Efforts to reach press officers at the White House were not immediately successful.

    Mr. Musk’s team was given access to the government’s most fundamental computer data, including the U.S. Treasury Department’s payment system, which is used to disburse funds including Social Security benefits, veteran’s benefits and federal employee wages.

    The system — which channels about 90 percent of the payments for the U.S. government, which spent about $6.75 trillion last fiscal year — pays funds directly to people in the states, as well as to state governments, the suit says.

    Before President Trump took office last month, access was granted to only a limited number of career civil servants with security clearances, the suit said. But Mr. Musk’s efforts had interrupted federal funding for health clinics, preschools, and climate initiatives, according to the filing.

    The money had already been allocated by Congress. The Constitution assigns to lawmakers the job of deciding government spending.

    “President Trump does not have the power to give away Americans’ private information to anyone he chooses, and he cannot cut federal payments approved by Congress,” Ms. James said in a statement. “Musk and DOGE have no authority to access Americans’ private information and some of our country’s most sensitive data.”

    The lawsuit was filed in concert with the attorneys general of Arizona, California, Colorado, Connecticut, Delaware, Hawaii, Illinois, Maine, Maryland, Massachusetts, Minnesota, Nevada, New Jersey, North Carolina, Oregon, Rhode Island, Vermont and Wisconsin. It is one of many resisting Mr. Trump’s aggressive actions since he took office last month.

    Three unions this week sued the U.S. Office of Personnel Management, the government’s human resources division, to block an effort to persuade roughly two million federal employees to resign.

    Two anonymous sets of F.B.I. agents and employees sued to keep the Trump administration from releasing the identities of people who worked on investigations into the Capitol riots on Jan. 6, 2021. They won an order on Friday requiring the administration to keep their names secret.

    Ms. James and other attorneys general challenged Mr. Trump’s executive order attempting to end birthright citizenship. This week, she warned New York hospitals that complying with a White House executive order seeking to end gender-affirming medical care for young people could violate state law. The actions of DOGE — bulldozing through the federal government — have been confounding and concerning Democratic lawmakers and federal employees.

    With license from Mr. Trump, Mr. Musk’s mandate appears to be vast: His team has tried to shut down the U.S. Agency for International Development, a key international source of foreign assistance. On Friday, a federal judge in Washington ordered a pause on an effort to put 2,200 U.S.A.I.D. employees on leave and rapidly withdraw employees stationed abroad.

    On Friday, Mr. Trump said that Mr. Musk would turn his attention to the Pentagon, which has billions of dollars in contracts with companies Mr. Musk owns.

    The heart of the lawsuit filed by Ms. James’s coalition on Friday was focused on Mr. Musk’s access to the Treasury Department. The department’s system is a repository of some Americans’ most sensitive information, including Social Security numbers and bank account numbers, which the attorneys general said puts residents of their states at personal risk.

    In a video message on Friday, Ms. James said that the president “does not have the power to give our private information away to whomever he wants.” “As Democratic attorneys general, we’re suing to stop this unprecedented and unauthorized attack,” she said.
    (Source: New York Times)

  • Elon Musk’s X will launch its first digital wallet this year

    Elon Musk’s X will launch its first digital wallet this year

    Elon Musk owned social media platform, X (formerly Twitter) will soon introduce financial services on its app. X has recently announced its partnership with Visa, signalling its first digital wallet. The company will use Visa Direct, Visa’s real-time money transfer solution, to fund X Money’s wallet, link to a debit card for payments to other users, and enable seamless transfers back to your bank account.
    In a post, X CEO Linda Yaccarino stated that X Money is scheduled to launch later this year. This X-Visa partnership will allow secure and instant funding to users’ X Wallet via Visa Direct, she added. It will also connect debit cards, allowing person-to-person payments.
    X Money will also give users an option to instantly transfer funds to your bank account. Yaccarino claims that this is the “first of many big announcements about X Money this year”.
    The thought of adding financial services to X was communicated right after Musk took over. With this partnership, it looks like the services will arrive in the US first and then expand to the rest of the world. But as per previous reports, this service will be available to selected states first.
    App researchers have repeatedly discovered code related to X Money, highlighting features such as the ability to load funds into a wallet on the platform and make payments to other users.
    The X Money service is set to launch in the first quarter, with additional partnerships in the works. According to the CNBC report, one of the initial use cases for X Money will be to enable creators on the platform to receive payments and store funds independently.
    X Payments LLC is licensed in 41 states and registered with the Financial Crimes Enforcement Network (FinCEN), according to its website.
    In the recent affair, Musk has been reportedly sending emails to its X employees, signalling that the platform is struggling financially. According to a report by Wall Street Journal, he admitted that X is “barely breaking even,” citing stagnant user growth and underwhelming revenue.
    He added, “Our user growth is stagnant, revenue is unimpressive, and we’re barely breaking even.”
    Musk acquired the social media platform, previously called Twitter, in a $44 billion deal in late 2022. Since then, he has implemented several changes, such as eliminating the free verification program, launching a paid membership option, and rebranding the company as X.

  • Elon Musk’s SpaceX Starship explodes in flight test

    Elon Musk’s SpaceX Starship explodes in flight test

    A SpaceX Starship rocket broke up in space minutes after launching from Texas on Thursday, forcing airline flights over the Gulf of Mexico to alter course to avoid falling debris and setting back Elon Musk’s flagship rocket program. SpaceX mission control lost contact with the newly upgraded Starship, carrying its first test payload of mock satellites but no crew, eight minutes after liftoff from its South Texas rocket facilities at 5:38 pm EST (2238 GMT).
    Video shot by Reuters showed orange balls of light streaking across the sky over the Haitian capital of Port-au-Prince, leaving trails of smoke behind.
    “We did lose all communications with the ship – that is essentially telling us we had an anomaly with the upper stage,” SpaceX Communications Manager Dan Huot said, confirming minutes later that the ship was lost.

  • Indian Consulate’s Media Reception: An Enjoyable End of the Year Rendezvous

    Indian Consulate’s Media Reception: An Enjoyable End of the Year Rendezvous

    NEW YORK CITY (TIP): The Consulate General of India in New York organized a Media Reception – “A Year-End Rendezvous” – an evening of delightful conversations, connections, and camaraderie over dinner on Thursday, December 19.
    The first of its kind media interaction initiated by the Consul General Binaya Srikanta Pradhan attracted a number of media persons from both the mainstream media and the Indian American media. Also present were a few students doing their studies in mass communication and media.

    The event celebrated the year 2024 and looked forward to 2025, highlighting interactions between the consulate and the media. The Consul General expressed gratitude for the media’s engagement and looked forward to continued collaboration.

    The informal conversation touched on various topics, including the importance of media in fostering understanding, the influence of figures like Elon Musk and Trump, and the potential of India’s auto industry. There were mentions of personal anecdotes, such as spine surgery and travel plans, and a general atmosphere of camaraderie and future prospects. The event concluded with informal discussions and good wishes for the New Year.

    Consul General Binaya Srikanta Pradhan said he looked forward to more interactions and one-on-one meetings in the next year and wished everyone a Happy New Year.

    Consul General Pradhan expressed gratitude to the Deputy Consul General Dr. Varun Jeph and Consul Press and Culture Shruti Pandey for organizing the event and for their constant engagement with the media.

    Deputy Consul General Dr. Varun Jeph thanked everyone and ended the formal part of the event.

    Dr. Varun Jeph thanked everyone and ended the formal part of the event, inviting attendees to enjoy the cocktails and starters.

    Consul Shruti Pandey compered the event

    Earlier, Consul Shruti Pandey who compered the event, welcomed the guests.

    The distinguished gathering.

    The guests left pleased with the delectable food served to them and the Happy Holidays gift from the Consulate.

  • Elon Musk is the ultimate chaos agent

    Elon Musk is the ultimate chaos agent

    With one post on X, Musk has the power to shut down the government of the most powerful nation in world history

    Much about the second rise of Trump, like that of the first, undermines or overthrows everything we thought we knew about power and politics. Trump seems to maintain his support in spite of, if not because of, his willingness to blow everything up, to flout norms of decorum and law and to engage in fabulous hyperbole that bears little grounding in reality.

    By Siva Vaidhyanathan

    Elon Musk holds no public office. He has never stood for election, passed scrutiny for appointment to public office, nor commanded a political force of any measure. He is, however, the latest star and favorite of Donald Trump, the US president-elect. So when Musk issues one of his off-the-cuff missives via his decrepit social network, X, Trump loyalists (almost all the Republicans) take him seriously.

    Yet now, suddenly, Musk has the power to shut down the government of the most powerful nation in the history of the world and depose his party’s legislative leader, the speaker of the House, Mike Johnson, a Republican lawmaker from Louisiana.

    Very early Wednesday morning, fueled by hubris and whatever else, Musk called for the US House of Representatives to reject the negotiated continuing resolution that it must pass this week to keep the federal government funded.

    “This bill should not pass,” the richest human being in the world wrote at 4.15am ET. Musk followed up for hours, using every derogatory word he could muster to describe a bill he almost certainly had not read nor understood. “Any member of the House or Senate who votes for this outrageous spending bill deserves to be voted out in 2 years!” Musk wrote Wednesday afternoon.

    Johnson spent months garnering enough votes among his divided caucus (plus Democrats, with whom he must negotiate to get such a bill passed) to send the resolution to the Democrats who control the Senate until next month and then to the president, Joe Biden. Johnson knows the failure to pass this resolution would cause great harm to 4 million federal employees and those who depend on their services right before the holidays. Farmers would go without subsidy payments. Small businesses would not get their loan payments. Kids in head start programs would have no place to go during the workday, forcing parents to take time off from work and possibly lose jobs. Active-duty military personnel would work with no December or January paychecks until Congress passes such a resolution.

    Because of this impasse, congressional Republicans might force Johnson to resign as speaker and yet another chaotic scramble for that job would ensue. Johnson is the third Republican leader since Trump first took office in 2017. Every time one resigns the factions of the Republican party generate grinding conflict. The last one, after Kevin McCarthy was ousted in 2023 after negotiating a similar agreement with Democrats, yielded a standoff and the ultimate ascension of Johnson, considered a rightwing extremist and Trump loyalist. But talking to Democrats at all now makes one unacceptable to the Trump crowd. So there is a good chance that not only will the government not function for weeks or months, it won’t even have the opportunity to come back until the Republicans can once again choose a speaker. That is not going to be easy.

    According to news reports, many Republican members of Congress took Musk’s rant seriously, and feared crossing Trump’s new buddy who allegedly will head some yet-to-be-created federal office that is supposed to ferret out waste from the federal government.

    In such an unstable political environment, with no real party discipline within Congress, figures like Musk have unprecedented influence. Being called out by someone with that much volume would be debilitating to one’s political career.

    Much about the second rise of Trump, like that of the first, undermines or overthrows everything we thought we knew about power and politics. Trump seems to maintain his support in spite of, if not because of, his willingness to blow everything up, to flout norms of decorum and law and to engage in fabulous hyperbole that bears little grounding in reality.

    Musk, who built his early reputation as a charismatic leader of upstart companies like PayPal and Tesla (neither of which he actually founded), inflated his ego faster than he inflated his wealth, merged with Trump to share these features. Years of pushing the limits of automobile and financial regulation, often breaking those limits but rarely held accountable for those abrogations, have left Musk feeling invincible yet victimized. He’s a whiner more than a winner.

    Musk is also an immigrant (who worked illegally in the United States for a time) who has turned on immigrants and a former free-speech advocate who has turned off the ability of his critics and independent journalists to find voice on his platform.

    The lesson of Musk’s effort to shut down the US government and depose the Republican House speaker is that he has no interest in building, maintaining or managing anything responsibly. We know that already from how he runs X, the company he has all-but-destroyed since being forced by a court to buy it. The only things that have kept his two significant companies afloat have been teams of well compensated lawyers and engineers who have kept federal subsidies, loans and contracts (none of which are endangered by the looming shutdown) flowing to both companies.

    Musk, like Trump, does not believe rules should apply to rich men. As long as the rest of us keep rewarding them for that, they will not be deterred and neither will the next crop of rich men. And now, with Musk mimicking Trump, we have two chaos agents tearing the basic functions of government apart while betraying and mocking the rule of law.

    This is the first test of the United States to keep functioning under this new, radical, unleashed Trump. So far, this nation is failing and falling.

    (Siva Vaidhyanathan is a professor of media studies at the University of Virginia and the author of Antisocial Media: How Facebook Disconnects Us and Undermines Democracy (Oxford University Press, 2018).)

    (Source: The Guardian)

  • Senate passes spending bill to avert government shutdown

    Senate passes spending bill to avert government shutdown

    WASHINGTON, D.C. (TIP): The Senate early Saturday, December 21 morning passed a bill to avert a government shutdown, sending the measure to President Joe Biden to be signed into law.

    The bill, which passed by an 85-11 vote, extends federal funds to mid-March, sends more than $100 billion in relief to farmers and natural disaster victims, and reauthorizes the sweeping agriculture policy and anti-poverty law called the farm bill. It was the final vote of the 118th Congress of the United States.

    It comes after a week of chaos in the House that materialized into a last-gasp compromise on Friday afternoon. House Republicans abandoned a bipartisan deal earlier in the week only to arrive at another, substantially similar bill after rejecting demands from President-elect Donald Trump and Elon Musk, his billionaire adviser. Trump ordered Republicans to suspend the nation’s borrowing limit to set up an easier path for the GOP to pass a new tax cut law in 2025. The GOP tried to include that measure in a Thursday night bill, but it was refused by a combination of Democrats and conservative hard-liners.

  • All Trump’s Men

    All Trump’s Men

    Here is a list of individuals selected by US President-elect Donald Trump for key Cabinet positions and top roles in the White House

    NEW YORK (TIP): With Republicans in control of the Senate, US President-elect Donald Trump’s Cabinet nominations are expected to sail through the confirmation process, despite some potentially controversial picks. Trump aims to announce all Cabinet-level selections by Thanksgiving, setting the stage for his administration’s policy agenda.

    In a series of recent announcements, Donald Trump has outlined his vision for critical federal agencies, tapping a mix of loyalists, experienced professionals, and high-profile conservatives for top roles. Here’s a comprehensive breakdown of the key appointees and their backgrounds.

    White House leadership 

    White House Chief of Staff: Susie Wiles, a seasoned political operative and one of Trump’s most trusted allies, will serve as the first female White House chief of staff.

    White House Counsel:  William McGinley, a fierce advocate of Trump’s “America First” agenda, returns to the administration to guide legal strategies.

    Press Secretary: Karoline Leavitt, a dynamic 27-year-old communicator and former Trump campaign spokesperson, will take charge of daily press briefings.

    National Security and Defense

    Secretary of State:    Senator Marco Rubio, a prominent China hawk and experienced foreign policy expert, is tasked with steering US diplomacy in a complex global environment.

    Secretary of Defense: Pete Hegseth, an army combat veteran and outspoken advocate for military reform, promises to prioritise readiness and America’s global strength.

    National Security Adviser: Representative Michael Waltz, a Green Beret and China expert, will oversee national security strategy.

    Former Representative Tulsi Gabbard, known for her controversial foreign policy views, will head the US intelligence community.

    CIA Director: John Ratcliffe, a loyal Trump ally with experience in intelligence oversight, returns to serve in another top intelligence role.

    Economic leadership 

    Secretary of the Treasury: Scott Bessent, a Yale-educated hedge fund CEO and advocate for tariffs, will lead the Treasury. If confirmed, he would be the first openly gay Senate-confirmed Cabinet member in a Republican administration.

    Commerce Secretary: Billionaire Howard Lutnick, CEO of Cantor Fitzgerald, will oversee trade and economic policy.

    Office of Management and Budget Director: Russ Vought, a returning Trump official, is expected to champion conservative fiscal policies.

    Healthcare and public safety

    Secretary of Health and Human Services: Robert F Kennedy Jr, a vocal critic of the pharmaceutical industry, is tasked with reforming healthcare policy.

    FDA Commissioner: Dr Marty Makary, a surgeon and healthcare advocate, will serve under Kennedy to address public health challenges.

    Surgeon General: Dr. Janette Nesheiwat, a double board-certified physician and public health advocate, will focus on preventive medicine.

    CDC Director: Former Representative Dave Weldon, a physician with decades of medical and legislative experience, will lead the Centres for Disease Control and Prevention.

    Housing and infrastructure 

    HUD Secretary: Scott Turner, a former NFL player and advocate for urban revitalisation, is set to lead housing policy reforms.

    Transportation Secretary: Sean Duffy, a former congressman, will spearhead infrastructure development and modernisation efforts.

    Domestic policy and administration 

    Attorney General: Pam Bondi, a staunch Trump defender and former Florida attorney general, replaces Matt Gaetz, who withdrew amid controversy.

    Deputy Attorney General: Todd Blanche, who previously represented Trump in legal matters, will serve as Bondi’s deputy.

    EPA Administrator: Lee Zeldin, a former congressman, will lead environmental policy with a focus on deregulation and business-friendly initiatives.

    Department of Government Efficiency: Elon Musk and Vivek Ramaswamy will oversee efforts to streamline government operations, a move Trump calls “a revolution in cutting bureaucracy.”

    Foreign relations

    UN Ambassador: Representative Elise Stefanik, a strong Trump ally, is nominated for the role to champion the administration’s “America First” agenda on the global stage.

    Ambassador to Nato: Matthew Whitaker, a former acting attorney general, will take on strengthening alliances within the North Atlantic Treaty Organisation.

    Ambassador to Israel: Mike Huckabee, a former governor and staunch supporter of Israel, will lead US diplomatic efforts in the Middle East.

    Other key appointments

    Secretary of Energy: Chris Wright, an oil and gas industry advocate, will lead energy policy with an emphasis on US energy independence.

    Secretary of Education: Linda McMahon, a former wrestling executive and education reform advocate, is set to decentralise federal control over education.

    Secretary of Homeland Security: South Dakota Governor Kristi Noem will prioritise border security and immigration enforcement.

    Veterans Affairs Secretary: Doug Collins, a former congressman, will oversee reforms to improve care for military veterans.

    The road ahead for America

    Trump’s Cabinet selections signal a return to his signature “America First” policies with a focus on deregulation, border security, healthcare reform, and infrastructure development. As the Senate prepares to review these nominees, Trump’s administration is poised to enact sweeping changes that could redefine US policy for years to come.

  • Elon Musk’s X begins hiding all likes for users

    Elon Musk on July 12 confirmed the roll out of a new feature that will hide all likes by default for X users. X is rolling out “private likes” which will likely show up on users’ timelines from July 12. This means that users’ likes on the platform will be hidden by default and they “will be able to like content without worrying about who might see it”. Musk said that it is “important to allow people to like posts without getting attacked for doing so”.
    Last month, Haofei Wang, X’s director of engineering, had said the upcoming change is meant to protect users’ public image.
    “Yeah, we are making likes private. Public likes are incentivising the wrong behaviour,” he had posted on X.
    For example, many people feel discouraged from liking content that might be “edgy” in fear of retaliation from trolls, or to protect their public image.
    “Soon you’ll be able to like without worrying who might see it. Also a reminder that the more posts you like, the better your ‘For you’ algorithm will become,” Wang had said.
    According to the social media platform, like is visible between you and the author. “The author will be notified, but not anyone else. Bookmark is only visible to you. We could even make it customisable for users,” according to Wang.

  • New X users will need to pay for posting: Elon Musk

    In a dampener for new X users, Elon Musk has announced they may be charged for posting content on the social platform. In reply to an X user, the Tesla and SpaceX CEO said that unfortunately, ‘a small fee for new user write access is the only way to curb the relentless onslaught of bots.’‘Current AI (and troll farms) can pass ‘are you a bot’ with ease,’ Musk posted.
    He further said that the onslaught of fake accounts also uses up the available namespace, ‘so many good handles are taken as a result’.
    ‘That is way harder than paying a tiny fee. This is only for new users. They will be able to do write actions for free after 3 months,’ the billionaire elaborated.
    In October last year, the platform began charging new unverified users $1 per year in New Zealand and the Philippines. Earlier this month, Musk-led platform announced a mega purge of spam accounts. Several X users lost followers as the social media platform kicked off the exercise to remove bots. The action came as spam and porn bots swarmed the platform in the past few months, leaving users flummoxed. Musk had announced that a system purge of bots and trolls was underway.
    Source: IANS

  • Musk postpones India visit, cites ‘very heavy’ Tesla obligations

    Tesla CEO Elon Musk’s two-day visit to India, where he was supposed to announce plans to enter the Indian market, has been postponed. Elon Musk was scheduled to visit India on April 21 and 22 and meet Prime Minister Narendra Modi. In a post on X, Elon Musk said his visit to India had to be delayed due to “very heavy Tesla obligations”. “Unfortunately, very heavy Tesla obligations require that the visit to India be delayed, but I do very much look forward to visiting later this year,” the SpaceX CEO tweeted.
    Musk has to reportedly attend a crucial conference call on April 23 in the United States to answer questions about Tesla’s first quarter performance.
    Last week, Musk posted on X that he was “looking forward” to meeting PM Modi.
    Musk, who also owns SpaceX, was expected to announce an investment of $2-3 billion to build a factory for entry-level cars amid the long-awaited Tesla Inc’s entry into the Indian market. Recently, the government announced a policy lowering high tariffs on imported cars if firms invest locally. The billionaire entrepreneur was also expected to unveil plans to introduce Starlink, a satellite network that provides high-speed internet connection.
    Musk, the world’s fourth-richest man, was also expected to meet Indian space tech startups during his visit. The government had reportedly invited companies like Skyroot Aerospace, Dhruva Space, Piersight, and Digantara for talks with the SpaceX CEO in New Delhi. PM Modi has met Elon Musk twice before — during a Tesla plant visit in 2015 and during his state visit to the US in 2023. In a recent interview, PM Modi said Musk was a supporter of India.

  • Tesla begins hunt for sites to build car factory in India: Report

    Tesla begins hunt for sites to build car factory in India: Report

    Tesla is looking to set up a big factory in India and is sending over a team to scout for possible locations, reported The Financial Times.
    The team is expected to arrive this month to look for the factory’s location. The Elon Musk owned electric vehicle (EV) manufacturer is planning to spend between $2 billion and $3 billion on the factory.
    The team from Tesla will look at different states in India. They’re focusing on places like Maharashtra, Gujarat, and Tamil Nadu. These states already have many car factories. This development comes at a time when there’s not as much demand for electric cars, and there’s a lot of competition. Due to this, Tesla didn’t sell as many cars as people thought they would in the first three months of this year. Last month, India decided to lower the taxes on some electric cars made by companies that agree to invest at least Rs 3,700 crore and start making cars in India within three years.
    Tesla has been trying to get into the Indian market for a while now. But the Indian government said they wanted Tesla to make cars in India, not just sell them here.
    The EV manufacturer has been talking to Indian government officials for about a year now. And last June, Musk even met with the Prime Minister Narendra Modi.
    In July last year, Tesla said they wanted to build a factory in India to make a car that costs around Rs 17,30,000. They also asked for taxes to be lower on more expensive models that they want to sell in India, according to a report from Reuters.

  • AI will be smarter than any single human by next year: Elon Musk

    AI will be smarter than any single human by next year: Elon Musk

    Elon Musk, who is currently locked in a battle with ChatGPT maker OpenAI, said that artificial intelligence (AI) will probably be smarter than any single human by next year. Musk has sued Sam-Altman-run company, alleging that it had breached the “founding agreement” via its partnership with tech giant Microsoft.
    OpenAI has hit back, saying they are not in any kind of founding agreement with Tesla and SpaceX CEO Elon Musk.
    In a fresh post on X, the billionaire said that AI is going to be smarter than humans by next year. “By 2029, AI will probably be smarter than all humans combined,” Musk added.
    OpenAI has hit back, saying they are not in any kind of founding agreement with Tesla and SpaceX CEO Elon Musk.
    In a fresh post on X, the billionaire said that AI is going to be smarter than humans by next year. “By 2029, AI will probably be smarter than all humans combined,” Musk added. Source: IANS

  • Elon Musk plans XWire to take on news distribution platforms

    Elon Musk plans XWire to take on news distribution platforms

    Elon Musk is reportedly planning to launch his news distribution service called XWire which will rival existing platforms for disseminating company PR news and press releases.
    In an all-hands meeting with employees addressed by both Musk and X CEO Linda Yaccarino, the news wire initiative was discussed, reports Bloomberg.
    “The duo also referenced ambitions to create a news wire service called XWire, which would rival Cision’s PR Newswire,” the report mentioned.
    Musk and Yaccarino did not divulge much on how X would better compete with platforms that distribute company news and press releases.
    As Instagram Threads was moving away from news, X would double up on news and even incentivise journalists posting original content and asked users to become citizen journalists.
    Betting big on making X Corp a trusted news platform, Musk said last week that the platform was an “open source news” and whatever was relevant in legacy media was already available on X. “When fake news spreads on CNN, MSNBC, or in The New York Times or Washington Post, they get the final say and can double down on their false narrative,” the X user posted.
    Musk said “yes,” adding that X was an open source news platform. “That is the right way to think about it. Anything relevant in legacy media is reposted here anyway,” he added.
    Musk last month encouraged people to do citizen journalism on X.
    “Please encourage more citizen journalism! You can do live video easily from your phone. More on-the-ground reporting from regular citizens will change the world,” he said.
    In August, Musk invited journalists to publish directly on X and earn a higher income.
    The company has also set its sights on competitors like YouTube and LinkedIn in terms of both video and hiring with @XHiring account. X’s value falls to $19 billion, lower than Elon Musk’s $20 billion estimate and $44 billion that he paid for it
    Elon Musk’s X, formerly known as Twitter, has seen its value drastically fall under the tech mogul – by over half of what he paid last year, as per a Bloomberg report. Musk shelled out a hefty $44 billion for the social media site in 2022. Now, restricted stock units awarded to employees value the company at just $19 billion or $45/share.
    It can be noted that while buying the company, Musk had tried to tune down the price tag citing market conditions, but Twitter executives sued and held the Tesla chief to his initial word. As per an internal email in March, Musk himself had said the company was worth $20 billion. However, this figure too is a whole $1 billion lower than the assessed value.

  • X will start charging new users $1 per year: Elon Musk

    X will start charging new users $1 per year: Elon Musk

    Elon Musk on Wednesday said that in order to tackle bots, new X users will need to pay $1 per year to post on the platform, although they can read other posts for free. The company is rolling out the test of this new programme in New Zealand and the Philippines, before it launches it globally.
    X will require new users in New Zealand and the Philippines to pay $1 to create accounts.
    “Read for free, but $1/year to write. It’s the only way to fight bots without blocking real users,” Musk posted. “This won’t stop bots completely, but it will be 1000X harder to manipulate the platform,” he added.
    According to X, this was done in order to fight bots and will be piloted in these countries.
    The new move, part of a so-called ‘Not A Bot’ programme, is designed to “bolster our already significant efforts to reduce spam, manipulation of our platform and bot activity,” X said.
    New users who opt out of subscribing will only be able to take ‘read only’ actions,” such as viewing posts and watching videos. This new programme is in addition to X’s main subscription with verified at $8 for month.
    X is also reportedly planning to split its premium paid subscription service into three membership tiers to earn more money and become profitable by 2024. According to reports, X would split the current $8 Premium subscription into three different plans: Basic, Standard, and Plus, at various price points.

  • Elon Musk livestreams from Texas ‘unfiltered’ situation of migrants from US-Mexico border

    Elon Musk livestreams from Texas ‘unfiltered’ situation of migrants from US-Mexico border

    TEXAS (TIP): Amidst the ongoing migrant crisis in the US, billionaire Elon Musk visited the Texas border with Mexico and live-streamed his tour of the area to give people a sense of the real situation of the migrant crisis, reported Fox News.

    “Went to the Eagle Pass border crossing to see what’s really going on,” Musk posted on the X app on Thursday, September 28.

    Musk, wearing a black cowboy hat, live-streamed on his platform and said that he was going to go around and speak with officials and “eyeball the situation to get the real story.” “This is real-time, unfiltered,” he said. “What you see is what I see” Musk said.

    The SpaceX founder and CEO has displayed major interest in the ongoing crisis at the border. He has also posted about the migrant situation frequently on his social media platform ‘X’, Fox News reported. Earlier on Tuesday, he said that he had spoken with US Representative for Texas Tony Gonzales and discussed the ongoing crisis. In the conversation, Gonzales confirmed it was a “serious issue”. Being an immigrant himself, Musk said, he is “extremely pro-immigrant”. However, he explained that there needs to be expanded immigration that allows hardworking and honest people to legally come to the US, but not allow immigrants who are going to break the law, reported Fox News. During his visit the southern border in Eagle Pass, Texas on Thursday, he raised one of the fears that the flow of illegal immigrants into the country could lead to the collapse of social services, just as New York City was buckling under the pressure of migrants being bused there from Texas.

    Moreover, after Musk’s livestream, he was flooded with comments. One user said, “Good to see Elon having to do the job of the MSM and of the politicians who are literally paid to do this but refuse.” Several users loved and praised that Musk was live streaming from the border town, according to Fox News.

    Earlier this week, Mexico made an agreement with the United States to deport migrants from its border cities to their home countries and take several actions, CNN reported.

    As part of the agreement, Mexico agreed to “depressurize” its northern cities, which border El Paso, San Diego and Eagle Pass, Texas, where the mayor has declared a state of emergency. They will also implement more than a dozen actions to prevent migrants from risking their lives by using the railway system to reach the US-Mexico border, according to Mexico’s National Migration Institute.

  • Elon Musk to only allow verified users to participate in polls on X

    Elon Musk has announced that X will soon allow only verified, premium users to participate in polls across subjects, including political issues, on the platforms to avoid bots from swaying the results.
    When writer-entrepreneur Brian Krassenstein posted that X has to make the option to only allow for blue checkmarks to participate in polls, Musk said it is coming soon.
    “We’re changing polls to allow votes only by verified users. That’s critical to avoid polls getting bot-spammed on controversial issues,” the billionaire said.
    “We shut down a lot of bots this week,” the tech billionaire added.
    X earlier announced that it would permit political advertising on its site from political parties and candidates in the US and expand its elections and safety team before the 2024 presidential election.
    The social media network said it will increase its teams to combat “emerging threats” and content manipulation. X stated that it is permitting political ads with the aim of “building on our commitment to free expression.”
    “We should empower our users to express their opinions and openly debate during elections, in line with our commitment to protecting freedom of expression,” it added.

  • Elon Musk says Twitter has lost half its ad revenue

    Elon Musk says Twitter has lost half its ad revenue

    Twitter has lost roughly half of its advertising revenue, according to owner Elon Musk, since he bought the social media platform for $44 billion last October.
    Musk, who has been outspoken about the difficulties facing the company, broke the figures in a tweet response to a user who was giving suggestions on financing for the platform.
    “We’re still negative cash flow, due to ~50% drop in advertising revenue plus heavy debt load,” the billionaire tweeted Saturday.
    “Need to reach positive cash flow before we have the luxury of anything else,” he added, without further elaboration.
    Insider Intelligence has reported that Twitter was set to earn less than $3 billion in revenue in 2023, down one-third from 2022. Changes instituted by Musk since his takeover of Twitter have turned off users and advertisers alike.
    Earlier this month, Musk announced that Twitter was limiting verified accounts to reading 10,000 tweets a day, in a bid “to address extreme levels of data scraping” and “system manipulation” by third-party platforms.
    Non-verified users — the free accounts that make up the majority of users — are limited to reading 1,000 tweets per day, while new unverified accounts are limited to 500 tweets.
    Twitter has also said TweetDeck, a popular program that allows users to monitor several accounts at once, will only be available to verified users from next month.

  • Elon Musk launches AI firm xAI as he looks to take on OpenAI

    Elon Musk launches AI firm xAI as he looks to take on OpenAI

    Elon Musk, the billionaire entrepreneur, launched his long-teased artificial intelligence startup xAI on Wednesday, unveiling a team comprised of engineers from the same big U.S. technology firms that he hopes to challenge in his bid to build an alternative to ChatGPT.
    The startup will be led by Musk, already the CEO of electric car maker Tesla, CEO of rocket launch company SpaceX and owner of Twitter, who has said on several occasions that the development of AI should be paused and that the sector needed regulation. Musk has repeatedly voiced concerns about AI’s potential for “civilizational destruction.”
    In a Twitter Spaces event Wednesday evening, Musk explained his plan for building a safer AI. Rather than explicitly programming morality into its AI, xAI will seek to create a “maximally curious” AI, he said.
    “If it tried to understand the true nature of the universe, that’s actually the best thing that I can come up with from an AI safety standpoint,” Musk said. “I think it is going to be pro-humanity from the standpoint that humanity is just much more interesting than not-humanity.”
    Musk also predicted that superintelligence, or AI that is smarter than humans, will arrive in five or six years.
    Musk co-founded OpenAI, the company behind ChatGPT, in 2015, but stepped down from the company’s board in 2018.
    Microsoft is an investor in OpenAI.
    The website for xAI said it will hold a Twitter Spaces event on July 14.
    The team at xAI includes Igor Babuschkin, a former engineer at Google’s DeepMind; Tony Wu, who worked at Google; Christian Szegedy, who was also a research scientist at Google; and Greg Yang, who was previously at Microsoft.
    Musk in March registered a firm named X.AI Corp, incorporated in Nevada, according to a state filing. The firm lists Musk as the sole director and Jared Birchall, the managing director of Musk’s family office, as a secretary.
    Musk had said in April that he would launch TruthGPT, or a maximum truth-seeking AI to rival Google’s Bard and Microsoft’s Bing AI that tries to understand the nature of the universe.
    Generative AI caught the limelight with OpenAI’s launch of popular chatbot ChatGPT, which came in November last year, ahead of the launch of Bard and Bing AI.
    Dan Hendrycks, who will advise the xAI team, is currently director of the Center for AI Safety and his work revolves around the risks of AI.
    Musk’s new company is separate from X Corp, but will work closely with Twitter, Tesla and other companies, according to the website.xAI said it is recruiting experienced engineers and researchers in the San Francisco Bay Area.
    India not considering tax waivers for Tesla
    India’s finance ministry is not considering any duty waivers for U.S. automaker Tesla Inc, Revenue Secretary Sanjay Malhotra told Reuters on Thursday, July 13.
    Last month, Tesla CEO Elon Musk said Indian Prime Minister Narendra Modi was pushing the car maker to make a “significant investment” in the country, adding that such an announcement was expected soon.In the past, talks between the U.S. carmaker and the Indian government have involved seeking customs duty waivers for importing its electric vehicles, which was rejected by India. Source: Reuters

  • Elon Musk sues Wachtell law firm for $90 million fee in Twitter $44 billion buyout battle

    Elon Musk sues Wachtell law firm for $90 million fee in Twitter $44 billion buyout battle

    San Francisco (TIP)- Elon Musk has sued the elite law firm Wachtell, Lipton, Rosen & Katz to recover most of a $90 million fee it received from Twitter for defeating his bid to walk away from his $44 billion buyout of the social media company.
    The complaint by Musk’s X Corp, which owns Twitter, was filed on Wednesday in the California Superior Court in San Francisco.
    Musk accused Wachtell of exploiting Twitter by accepting, in the final days before the Oct. 27, 2022, buyout closed, huge “success” fees doled out by departing Twitter executives who were grateful that Musk would be forced to close.
    The world’s richest person, who also runs Tesla Inc and SpaceX, called the $90 million payout “unconscionable,” given that Wachtell had billed less than one-third that sum for its few months of work on the Delaware lawsuit.
    “Wachtell arranged to effectively line its pockets with funds from the company cash register while the keys were being handed over” to Musk, the complaint said.
    Musk wants to recoup “excess” fees that Wachtell charged under an agreement signed on the day of closing by one of its partners and Twitter’s chief legal officer Vijaya Gadde.
    The complaint also quoted former Twitter director Martha Lane Fox who, upon learning how much lawyers would be paid, emailed general counsel Sean Edgett: “O My Freaking God.”
    Wachtell did not immediately respond to requests for comment. Gadde, Fox and Edgett are not parties to the lawsuit.
    Twitter has been involved in a slew of actual or threatened litigation since Musk’s buyout.
    These include many lawsuits by landlords, vendors and consultants accusing Musk of stiffing them on bills, and a threatened lawsuit by Twitter against Mark Zuckerberg’s Meta Platforms over the latter’s new Threads app.
    Wachtell is no stranger to lawsuits by billionaires over buyouts, having spent years litigating with Carl Icahn over his 2012 hostile takeover of CVR Energy.
    In 2018, a judge dismissed a malpractice claim by Icahn, who found himself on the hook to pay banks that helped defend CVR against the takeover higher fees than if the merger failed.
    Twitter may face uphill battle in proving trade secret theft by Meta over Threads
    Twitter’s claim that Meta Platforms stole trade secrets to build its new microblogging site may be the first volley in a legal battle between the social media giants, but experts say Twitter would have to clear a high hurdle if it sues.
    In a letter sent on Wednesday, Twitter alleged that Meta used its trade secrets to develop its new social media platform, Threads, and demanded that it stop using the information. Twitter said that Meta had hired dozens of former Twitter employees, many of whom “improperly retained” devices and documents from the company, and said Meta “deliberately” assigned them to work on Threads.
    It was unclear whether any lawsuit would be filed. A spokesperson for Twitter did not immediately reply to a request for comment. Meta spokesperson Andy Stone said in a Threads post that no one on the site’s engineering team is a former Twitter employee.

    Source:Reuters