Pivot The DOJ’s Trump Investigation, Meta’s Revenue Drop, and Joe Manchin’s Deal
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Jul 29, 2022 Katy Tur joins the fun as they dive into Meta’s surprising revenue drop and the backlash against Instagram’s redesign. The investigation into Trump by the DOJ heats up, while Verizon cuts ties with OAN. In a twist, Joe Manchin’s unexpected support for climate funding steals the spotlight. They also tackle the impact of rising interest rates on families, the shifting social media landscape, and the Republican Party's changing dynamics as they gear up for the 2024 elections.
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Manchin's Influence
- Joe Manchin, a moderate Democrat, has significant leverage in Congress.
- This leverage allows him to be a kingmaker, influencing crucial decisions like the Inflation Reduction Act.
Carried Interest Loophole
- The carried interest tax loophole benefits hedge fund managers.
- It taxes their commissions at a lower rate than other professions, raising ethical concerns.
Metaverse Skepticism
- Katie Tur's husband has explored the metaverse for his work.
- Despite this, Katie remains skeptical, questioning its appeal and purpose.
