People came out of the pandemic wealthier than they went into it. 2022 was the first year on record that the wealth of the top 1% fell and the bottom 50% increased. The paycheck protection program is perhaps the clear sign, the federal government's termination, not to let the economy crack. If you're asking for mistakes, clearly the spigot was open too wide for too long.
Kara and Scott still have their blue checks! They discuss a confusing and slow legacy check removal process at Twitter. Also, the Russian government’s arrest of Wall Street Journal reporter Evan Gershkovich, and other repressive governments making business hard around the world. Plus, Virgin Orbit has halted operations for the foreseeable future and four billionaires will have to talk about their relationship with Jeffery Epstein. Oh, and by the time you’re reading this, former President Trump may have been arrested.
Friend of Pivot Liz Hoffman discusses her new book, Crash Landing: The Inside Story of How the World’s Biggest Companies Survived an Economy on the Brink.
You can find Liz at @lizrhoffman on Twitter, and you can buy her book here.
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