In the News
When Amazon announced last week that it intended to acquire the upscale grocery chain Whole Foods, it sent shockwaves through the grocery industry. Other grocers' share prices plummeted. Analysts predicted Amazon would become a "top five" grocer within a few years. Synergies were imagined.
Amazon's $13.7 billion deal to acquire Whole Foods will cause a few problems in one major district of California, U.S. Rep. Ro Khanna told CNBC on Monday.
"The main problem is it is going to hurt local grocery stores," Khanna, a Democratic congressman whose district includes a large portion of Silicon Valley, said on "Squawk Alley."
As soon as Amazon announced on Friday that it was purchasing Whole Foodsfor $13.7 billion, antitrust and competition policy experts sat straight up.
When Walmart and other low-wage employers fail to pay their employees enough to live decent lives, taxpayers often end up picking the tab for public assistance.
Freshman California Democratic Rep. Ro Khanna and nine House co-sponsors are introducing legislation to put an end to the free ride.
Rep. Ro Khanna (D-Calif.), whose district includes many of the world's biggest technology companies, invited U.K. Prime Minister Theresa May to visit Silicon Valley following her call to regulate the internet to target terrorism suspects.
After attacks in her country in recent weeks, May accused internet companies of providing a "safe space" for extremist ideologies to spread.
KHANNA: LET'S BRING BRITISH PM TO VALLEY — Rep. Ro Khanna (D-Calif.) tells MT he's exploring how to formally invite British Prime Minister Theresa May to his Silicon Valley district, so she can learn what tech companies are already doing to restrict terrorist groups like ISIS.
You'd be hard-pressed to find two congressmen more dissimilar than us. We come from different parties, and we represent very different districts. One of us taught economics in the technology hub of Silicon Valley; the other is a Marine veteran from the dairy farming capital of the country. One of us campaigned against the Iraq War; the other served in it.
In a speech delivered to Congress on July 4, 1821, John Quincy Adams rightly argued that America must hold high the banner for "Freedom, Independence, Peace," but exercise restraint in foreign policy. He understood that we should offer our prayers and voices to others who seek liberty while avoiding the trap of venturing abroad "in search of monsters to destroy."
More than half a million students go to public school each day across Alameda and Santa Clara counties. These schools and educators are preparing children for a life of success and instilling in them a common language of democracy.
House Democrats on Wednesday touted unprecedented majority support for a bill that would expand Medicare to the entire U.S. population, reflecting a growing liberal consensus behind single-payer health insurance.