Republican Senator won’t vote for Trump’s Fed board nominee

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Washington, July 28 | US senator Susan Collins said on Monday that she will vote against
Judy Shelton’s nomination to the Federal Reserve’s Board of Governors, becoming the second Republican to oppose President Donald Trump’s controversial nominee.

“I have serious concerns about this nomination. In her past statements, Shelton has openly called for the Federal Reserve to be less independent of the political branches, and has even questioned the need for a central bank,” Xinhua news agency quoted Collins as saying in a statement on Monday.

“This is not the right signal to send, particularly in the midst of the pandemic, and for that reason, I intend to vote against her nomination if it reaches the floor,” she said.

Collins’s statement came after Mitt Romney, a Republican senator from the state of Utah, said last week that he was not going to be endorsing Shelton’s nomination to the Fed board.

Trump announced his intention to nominate Shelton, a conservative economist who advised his 2016 presidential bid, for a vacancy on the Fed’s Board of Governors.

The Senate Banking Committee last week approved Shelton’s nomination by a party-line vote, with all Democrats on the panel opposing her nomination, sending it to the full Senate for confirmation.

“My colleagues and I were concerned about Shelton’s qualifications and commitment to helping working families, and her independence from the president,” said Sherrod Brown, the top Democrat on the Senate Banking Committee.

If the Senate’s Democrats and independents all vote against Shelton’s nomination, her confirmation could be doomed if she loses the support of four Republicans, according to The Washington Post.

Source: IANS

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Global Strategist and Philanthropist Drummi Bhatt returns to her homeland to bring about a vernacular infotainment content revolution

Global Strategist and Philanthropist Drummi Bhatt returns to her homeland to bring about a vernacular infotainment content revolution

Drummi Bhatt has successfully donned many hats including that of a global strategy professional, mentor, and investor to early-stage startups encouraging women entrepreneurship, and a philanthropist.

Drummi currently leads Market Intelligence and Strategy team at Mitsubishi Power, USA building corporate-level strategies for global markets. Drummi is also the founder of KarmaKonnect, a Woman and Rural Empowerment Non-Profit Organisation which works for projects in remote rural, tribal, and conflict areas.

Her philanthropy work has taken her to various corners of India, including, far end corners of Leh, Ladakh, Telangana, and remote areas of Chambal. During these visits, she got mesmerized by culturally rich, vernacular, and diverse, the true “Bharat”.

During her interaction across the country, she got enchanted by the whirlwind of talent residing across Bharat, which is not restricted to a language, city, or just tier-1 cities but is found in abundance all across tier-2, tier-3 cities, and rural-tribal clusters.

With OTT platforms ruling the world in 2020, Drummi decided to bring her strategic insights and data analytics strength to this field by joining hands with seasoned entrepreneurs, Rahul Narvekar and Narendra Firodia, to launch its kind, vernacular OTT platform, Letsflix.

In 2019, Drummi, Rahul, and Narendra have successfully launched India’s first vernacular infotainment app, LetsUp, which now caters to 1.5 million users and in 7 vernacular languages, a feat achieved by none. The trio has now been passionately working towards creating and delivering vernacular content for every viewer in India with Letsflix.

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