MyPillow CEO to Launch Own Media Website Post Twitter Ban; States Push Back Over Border Crisis
Concerns of "universal income" as Biden's $1.9T relief package gets rid of work requirements for the Child Tax Credit. Experts raise concerns that this could actually hurt not help society. Under current law, families with no earnings can't get the benefits, but as their work earnings increase, so too does the family's benefits. But Biden's plan would cut out that requirement. Even families who don't work could get up to $3,600 per child on top of any other aid they already might be receiving, such as food stamps, Medicaid and so on.
The Governor of Texas is blaming Biden's open border policies for the migrant crisis. He says the Biden Administration is "completely unprepared" for the situation at the border, and won't be ready for what's to come. Texas Governor Greg Abbott announced "Operation Lone Star" over the weekend to combat human smuggling into his state.
And some big moves in big tech. Twitter is suing Texas attorney general Ken Paxton. The social media giant accuses Paxton of abusing his authority, intimidation, and harassment. This comes as MyPillow CEO Mike Lindell is set to launch his own social media website post Twitter ban.
Tune into Deep Dive as we explore these topics and more.
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Texas Combats Big Tech Censorship; HR 1 allows 6x Donation Matching to Political Candidates?
The voting rights bill H.R. 1, or "For the People Act" is still sparking controversy. We look into what major election reforms it seeks to make. One section of the bill states the government would match donations to fund political candidates' campaigns by 600%.
President Biden says he wants to make it easier for people to vote. He signed an executive order Sunday, altering the way the federal government handles elections. The order directs the attorney general to help people in prison register to vote if they’re eligible... and help former prisoners obtain the right identification for state requirements.
And Texas is making moves against big tech censorship. Lawmakers held a press conference announcing Senate Bill 12, their plans to protect Texans. Governor Greg Abbott and Senator Bryan Hughes introduced a bill that would prohibit social media companies from censoring people.
Tune into Deep Dive as we explore these topics and more.
00:00 Intro
00:32 Biden signs executive order to increase prison voting
02:00 Controversy around voting rights bill HR1 “For the People Act”
05:50 Changes to election laws under HR 1
08:30 Nonprofit to launch $10M campaign for election integrity
10:08 Senate Democrats Reject all but 3 GOP amendments to stimulus bill
10:55 Texas Bill combats big tech censorship
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$10B for Global Response Efforts in Virus Relief; Operation Recovers 150 missing Tennessee Children
The Senate is now debating President Biden’s $1.9T relief package. It's the last step before they vote on the bill. Democrat leaders promise they'll pass it before next week, with or without Republican support. So what does the nearly $2T cover?
A single House Democrat broke ranks with his party and voted against the controversial election reform bill, H.R.1. He gives insight into why he opposed the bill.
The nearly 800 page bill would impose requirements on voting procedures across the entire country. Called “For the People Act,” the bill would codify many of the controversial practices that brought allegations of voter fraud in that very election. Those include making voter registration for every citizen automatic and expanding the use of mail-in ballots.
And New York officials confirmed on Thursday they left out nursing home death data from a COVID-19 report last year. According to The New York Times, the report written by state health officials showed over 9,000 virus deaths among nursing home residents by June. Cuomo's most senior aides did not want to make that number public. This comes amid growing calls for New York Governor Andrew Cuomo to resign.
Tune into Deep Dive as we explore these topics and more.
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Capitol Police Request National Guard Stay in DC Longer; House Passes Controversial H.R.1 Act
Two controversial bills passed in the House. One would shakeup the election process across the nation. The bill would make many of the election reforms introduced last year amid the pandemic into permanent federal law.
And the other is a police reform bill. Named the 'George Floyd Justice in Policing Act,' the bill narrowly passed the house along party lines. It would ban controversial police tactics such as chokeholds and no-knock warrants, and would establish guidelines for police departments nationwide.
Now Republicans are pushing back against both.
President Biden is weighing in on states rolling back mask mandates and opening up their economies. He called it "Neanderthal thinking" and says it's a big mistake to end safety measures too soon.
And a big shakeup in the digital ad world. Google announced it won't build new tools to track users around the internet. Google announced it's phasing out the practice of letting companies track users across the web using cookies by next year.
And Facebook is now allowing political ads again starting Thursday. This comes after the company banned them to combat misinformation surrounding the presidential election.
Tune into Deep Dive as we explore these topics and more.
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Two states open up, roll back mask mandate; 10 rockets hit US air base in Iraq | Deep Dive
Ten rockets struck an airbase in western Iraq that houses U.S. coalition troops. The Pentagon says on U.S. contractor died from a heart attack. Wednesday's attack comes just two days before Pope Francis is set to visit Iraq. The highly anticipated trip will include Baghdad, southern Iraq, and the northern city of Irbil.
Former Vice President Mike Pence is breaking his silence. He rails against the Democrat's HR1, or "The People's Act" saying the Democrats’ push for election laws is an “unconstitutional power grab.” The massive 800-page proposal would make federal laws out of many of the most controversial 2020 presidential election voter registration and voting procedures. These measures were originally implemented by state officials in response to the pandemic and national lockdown.
And two states are rolling back mask mandates. The governor of Mississippi saying the executive orders "have to end at the earliest possible moment. This is that moment for Mississippi.” The governor of Texas, meanwhile, announcing his state is 100% open for business.
Tune into Deep Dive as we explore these topics and more.
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NY Governor Under Fire for Sexual Harassment Allegations; Trump Hints at 2024 Run | Deep Dive
The U.S. has concluded in an intelligence report that the Crown Prince of Saudi Arabia approved an operation to “capture or kill” journalist Jamal Khashoggi. But some are asking why the report is being released now? Others point out only three-quarters of a page that's actually about Khashoggi's murder.
Former President Donald Trump gave his first speech since leaving office at CPAC on Sunday. He talked about the possibility of running in 2024, and whether he might form a new party. In his hour and a half speech, Trump laid into the Biden administration, saying Biden had the “most disastrous first month of any president in modern history.” He also hinted at future plans.
And New York state Governor Andrew Cuomo is feeling the heat. He's facing calls to resign as he finds himself embroiled in sexual harassment scandals and probes into how he handled the pandemic. Republicans and a number of Democrats in the state have called on Cuomo to resign over the nursing home deaths. Some Republicans in New York have suggested impeachment, while Democrats have proposed stripping Cuomo of his executive power.
Tune into Deep Dive as we explore these topics and more.
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Trump's Upcoming CPAC Speech Upsets Two Top Republicans; Democrats Worry About Biden's Nuclear Power
The Conservative Political Action Conference, or CPAC starts today and two Republican leaders in the House are at odds as to whether former President Trump should speak there.
Biden revokes seven Trump-era Executive Orders, but offers no explanation as to why. And 31 Democrats are calling for President Biden to relinquish his sole power to launch nuclear weapons—a power typically given to presidents alone. They're now asking Biden to introduce checks and balances.
And the Australian parliament on Thursday passed a new law. It's to force Alphabet's Google and Facebook to pay media companies for content used on their platforms. These reforms could be replicated in other countries.
Tune into Deep Dive as we explore these topics and more.
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Biden reopens migrant facility, sparks backlash; Facebook 'refriends' Australia
The Biden administration is reopening a Trump era "migrant facility" for children—expanding capacity, due to the pandemic and "increased child apprehensions at the border." But the move is drawing criticism from both the left and the right.
Capitol police are agreeing the violence at the January 6th Capitol breach was pre-planned. A senate committee questioned why there was a slow response from intelligence departments that day. A Capitol former police chief says a pipe bomb scare caused members of congress to evacuate, not the protestors storming the building.
And as for Big Tech, Australian news will be back on Facebook. Australia's treasurer saying in a statement, Facebook has "re-friended" Australia. The tech giant has reached an agreement with the Australian government over a proposed media law. This comes as former president Trump is attempting to return to Facebook and Instagram. Trump is appealing his suspension from the platforms, and he may have a decision in about two and a half months.
Tune into Deep Dive as we explore these topics and more.
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Trump's First Public Appearance and the Future of the GOP; Supreme Court Rules Against Trump's Taxes
Texans may be through the worst of the weather… But now some who didn't lose power face sky-high utility bills. The governor says it isn't right... utilities can’t stick customers with huge bills after the storm.
The U.S. Supreme Court ruled that it will not stop a grand jury from obtaining former Trump’s tax returns and other financial records. The Trump Organization has described the probe as politically-motivated. Trump's taxes came under the spotlight last year when a New York Times report claimed Trump paid $750 in federal income taxes in both 2016 and 2017, after years of reporting heavy losses from his business enterprises。
And New York City Mayor Bill de Blasio reverses his decision to immediately close two ice rinks run by the Trump organization. This comes after criticisms from Eric Trump. Former President Trump had rebuilt one of the rinks after the city’s renovation efforts failed, bringing it back to life in 1996.
And former President Trump is set to give his first public appearance since leaving office at CPAC this week. A former senior aide hints at what topics might be covered.
Tune into Deep Dive as we explore these topics and more.
00:00 Intrl
00:46 Texans face skyrocketing utility bills
03:44 SCOTUS rules against Trump, lets grand jury see trump’s taxes
05:55 Temporary truce keeps Trump-owned NY ice rinks open
07:20 Trump’s first public appearance to be at CPAC
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NYC Gov. Continues to Face Pressure Over Nursing Home Scandal; Poland's Big Tech Crackdown
Over 70% of the U.S. is covered in snow. Texas is still seeing freezing temperatures Friday. But officials say it could have been worse. According to officials with the Electric Reliability Council of Texas, or ERCOT, they say Texas was "seconds and minutes away" from uncontrolled blackouts across the state. The ERCOT is an independent power grid that covers most of the state. And Texas Republican Senator Ted Cruz continues to face criticism for his Mexico trip.
The FBI and DOJ reportedly launched an investigation into New York Governor Andrew Cuomo and his team, regarding his nursing home scandal. This comes as a Rasmussen Reports survey found a solid majority, 65% of Americans want Congress to investigate if officials accurately reported virus cases in the U.S.
And while Australia faces off against Facebook, Poland has taken a different approach to combat big tech censorship. Under the new law, any platform that restricts users for ideological reasons would face fines of $13.5 million —unless the content in question is also illegal under Polish law.
Tune into Deep Dive as we explore these topics and more.
00:00 Intro
00:43 Texas still under freezing temperatures
02:48 Texas Sen. Ted Cruz still facing criticism for Cancun trip
03:49 NYC gov. under scrutiny for nursing home scandal
05:35 Rasmussen report finds 65% want congress to investigate COVID-19 reports
06:35 Facebook blocks news content in Australia
08:34 Polish law would fine big tech for censorship
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Trump to build own platform? Facebook CEO sparks controversy in leaked video
More snow and freezing rain are hitting the south-central U.S. and Mid-Atlantic. Power outages linger for millions of Americans across the country. But it’s improved a little in Texas. Senator Ted Cruz responded to calls for him to respond after pictures surfaced of him flying to Cancun with his family. He has since issued a statement.
Former President Trump hinted at his future social media plans post-presidency. Trump tells Newsmax he's weighing his options after Twitter moved against him. He said, “We’re negotiating with a number of people, and there’s also the other option of building your own site. Because we have more people than anybody. I mean you can literally build your own site."
A statement from Facebook's CEO that runs counter to his own platform. That's based on leaked footage from Project Veritas. Mark Zuckerberg questioned the vaccines’ safety while assuming they change the recipients’ DNA.
Tune into Deep Dive as we explore these topics and more.
00:00 Intro
00:30 Thousands still without power and water in Texas
04:23 Sen. Ted Cruz responds to calls to resign
05:33 Trump hints at future plans
06:05 Facebook CEO’s controversial statement on vaccines
08:05 Facebook removes news content in Australia
09:35 Big tech censorship
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VP Harris Takes Presidential Calls; Rep. Kinzinger Disowned by Own Family Over Trump Vote
Millions left without power as a winter storm pummels much of the country. The storm spawned a tornado in North Carolina that led to three deaths. And now Texas and the federal government are launching investigations into the blackouts. Over 200 million people nationwide under some form of weather alert. local authorities in Texas expecting frigid conditions to continue for another few days.
Former President Trump is lambasting Senate Minority Leader Mitch McConnell. Trump said Republican senators won't win again if they stand behind McConnell. He says his "only regret" is giving McConnell his endorsement, adding McConnell begged for it.
And some of Biden's comments on foreign policy are sparking backlash online. At a town hall Monday night, he seemed to justify the Chinese regimes' human rights abuses.
Tune into Deep Dive as we explore these topics and more.
00:00 Intro
00:40 Gov. probes outages as storm deaths reach 21
02:19 Trump’s blistering statement on McConnell
03:35 Trump promises to support pro-MAGA candidates
05:45 Rep Kinzinger under fire by own family
06:49 Senator Mitt Romney has potential challenger
07:50 VP Harris takes calls normally done by the president
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Thousands of National Guards to Stay in DC? Pelosi Facing Questions About January 6
House Speaker Nancy Pelosi says they’re setting up an independent body to investigate the January 6th Capitol riot. This comes as she's facing questions about her actions before, during, and after the Capitol breach on January 6th. House Republicans are also questioning Pelosi on why the National Guard needs to be deployed at the Capital until possibly this Fall.
And Minneapolis is set to spend millions of dollars to recruit more police officers. This comes after the unrest last summer saw an unprecedented number of police officers resign or go on leave. Some residents complain about an increase in violent crime and longer police response times. They are pushing to get more officers hired.
And Utah's governor signs a new bill loosening his state's concealed carry gun rules. The law also increases funding for suicide prevention efforts.
Tune into Deep Dive as we explore these topics and more.
00:00 Intro
00:39 Pelosi announces new Capitol riot commission
03:35 Pelosi facing questions about January 6
05:19 Reps. Ask Pelosi Why National Guard To Remain
06:49 Minneapolis spending millions to recruit more police
07:48 Utah removing gun permit restrictions
09:09 Biden urging Congress to pass new gun laws
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Trump Hints at Future Plans After Second Acquittal; NYC's Mayor Fires Back at Governor Over Coverup
Now that former President Trump’s acquitted, what’s next? One top Republican hints that Trump’s not done with politics… or the Republican Party. Senator Lindsay Graham gave hints about Trump’s next moves on Sunday. And Trump’s statement also gave some hints.
Seven Republican Senators voted to convict Trump of inciting violence at the Capitol. Now all seven of them are facing backlash from their own party. Senate Majority Leader Chuck Schumer, meanwhile, praised them, calling them “Republican patriots.”
And the Mayor of New York City calls the state governor’s alleged nursing home cover up “disturbing” and “very troubling.” The Cuomo administration reportedly withheld information about CCP virus deaths in nursing homes.
Tune into Deep Dive as we explore these topics and more.
00:00 Intro
00:36 Trump Acquitted for second time
01:10 Senators who voted to convict facing censure from own party
02:20 Senator Graham says Trump ‘excited about 2022’
03:10 Trump lawyers celebrate impeachment win
03:25 Parler back online
05:20 States introduce bills against big tech
09:03 DeBlasio calls alleged Cuomo coverup ‘disturbing’
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NYC Governor Cuomo covered up nursing home deaths: report; Big Tech more bold with censorship
A bombshell report says New York Governor Andrew Cuomo’s administration withheld virus death toll data in nursing homes — to avoid federal backlash.
Lots happening in Big Tech. Instagram just admitted to reading private messages to fight against hate speech. Twitter suspended the accounts of Project Veritas and its founder James O'Keefe.
And Facebook will take down posts with claims about vaccines that health organizations or its fact-checkers deem false.
Now more states are taking a stance against big tech. A Texas bill would allow citizens legal recourse if they are de-platformed or censored. This follows Florida’s new legislation —penalizing social media companies that de-platform candidates during an election.
Tune into Deep Dive as we explore these topics and more.
00:00 Intro
00:36 Impeachment trial: Trump’s defense lawyers take their turn
01:19 Instagram reads private messages to fight against hate crimes
02:55 Instagram bans Robert Kennedy Jr. over COVID-19 vaccine claims
04:00 YouTube removes Life-Site News channel
05:38 Project Veritas Responds to Twitter Suspension
06:59 States introduce bills to fight big tech censorship
08:05 Growing big tech push back
09:25 NYC governor admits hiding nursing home data
10:40 What Abraham Lincoln teaches us about perseverance
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Disney fires Mandalorian star over social media post; Controversial School Re-Open 'One Day a Week'
Thanks to today’s sponsor, Mary Clark Dalton: http://maryclarkdalton.com
Find her inspirational children books here: https://bit.ly/374etUR
Senator Lindsey Graham and President Biden have opposing views on the impeachment trial outcome. Sen. Lindsey Graham (R-S.C.) is predicting the trial will conclude by Sunday. he argues the number of senators who will vote against the article of impeachment is growing. President Biden meanwhile says that some Republican senators may change their minds during the impeachment trial. He told reporters at the white house on Thursday, “My guess is some minds may be changed.”
Disney has fired an actress from The Mandalorian. It's over a social media post she made comparing the persecution of Jews during Nazi Germany toward current hate toward people with different political views.
And a top Texas official said on Wednesday he would push for state legislators to pass a bill that would require events receiving public funding to play the national anthem. That's after the NBA’s Dallas Mavericks owner said the team is no longer playing the National Anthem before home games.
Tune into Deep Dive as we explore these topics and more.
00:00 Intro
00:34 Impeachment day 3: president Biden weighs in
01:30 House GOP call for removal of capitol security fence
03:00 Chicago teachers to return to school
04:15 Rising concern for schools staying closed, rise in homeschooling
08:40 Disney fires mandalorian actress over online comments
10:00 Controversy over NBA and playing the national anthem
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Twitter CFO: Trump ban permanent; Over 20 Republican Senators ask Biden to support transparency
Lawmakers weigh in on the impeachment trial's first day of debate. There are mixed views on the arguments they made. House Impeachment Manager Jamie Raskin argued that if the trial didn't go ahead it would create a “January exception.” He said future presidents could abuse their power without fear of being convicted and barred from holding future office. Bruce Castor, one of Trump’s attorneys, called this idea "nonsense."
The Justice Department is beginning the process of replacing the federal prosecutors Trump appointed. This paves the way for president Joe Biden to install his own nominees to lead U.S. attorneys offices across the country.
And over 20 Republican senators are asking President Biden to reconsider one of his executive orders. They say it'll affect the transparency of Federal agencies. President Biden's order revokes one of his predecessor’s that tells federal agencies to publish guidance on how they interpret and apply regulations.
Tune into Deep Dive as we explore these topics and more.
00:00 Intro
00:36 Mixed views on first impeachment debate4
2:10 Growing signs of acquittal likely
3:10 Arguments impeachment trial is unconstitutional
5:30 Leahy vows ‘fairness to all’ in impeachment trial
6:10 Replubican senators ask Biden to support transparency
7:40 DOJ Asks Trump US Attorneys to Resign
9:06 Facebook Oversight Member joins Biden DOJ
10:35 Twitter CFO says Trump’s ban permanent, even if he runs for office again
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Trump to launch own social media platform? Texas joins Florida in big tech crackdown
Former President Donald Trump's impeachment trial begins Tuesday. What's at stake here and what are Trump's lawyers planning for his defense? Trump's lawyers say the trial is an attack on free speech. They say if Trump's guilty of violent rhetoric then some Democrats are too, pointing to the riots over the summer.
A new report found of the 22 cases that have been heard by the courts and decided on their merits, Trump and Republicans have prevailed in 15. This means Trump has won two-thirds of the cases fully adjudicated by the courts.
With Trump removed from almost all social media platforms, many are wondering: Will Trump launch his own social media? His senior adviser, Jason Miller, told Breitbart all options are on the table.
Tune into Deep Dive as we explore these topics and more.
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Sen. Lindsey Graham on impeachment: 'open up pandora's box'; FBI reports Capitol breach pre-plannned
Former president Trump's impeachment trial starts Wednesday. His defense team is urging the senate to dismiss the case, calling it a brazen "political act."
We look at what each side is arguing: from the article of impeachment to the 78-page brief from Trump's defense lawyers.
A rising number of criminal complaints that the Jan. 6 Capitol breach had been pre-planned. And Sen. Lindsey Graham (R-S.C.) said recently that parts of the Capitol incident had been coordinated well before Trump’s Jan. 6 speech. He said on Fox News at the beginning of the month, “There’s mounting evidence that the people who came to Washington preplanned the attack before the president ever spoke.”
Tune into Deep Dive as we explore these topics and more.
00:00 Intro
00:31 Impeachment trial: how it’s laid out
02:55 How each side is arguing in the impeachment trial
09:52 FBI criminal complaints show evidence of pre-planning
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Rep. Greene Stripped of Committee Posts; French President blasts social media over silencing Trump
France's president blasts social media silencing former President Trump. He says democratic governance online is one of the "critical challenges of our time." He joins a growing list of world leaders condemning the recent censorship by big tech.
Trump has rejected an invitation to testify at his impeachment trial. His lawyers say the Democrats' request for his testimony only shows Democrats have a faulty case. Lead impeachment manager, Representative Jamie Raskin sent a letter to Trump, urging him to testify before the Senate: saying that if Trump doesn't testify they will use it against him at trial.
And the House kicked Georgia representative Marjorie Taylor Greene off her assigned committees. She called it a "big betrayal" by the Republicans who voted to strip her assignments.
Tune into Deep Dive as we explore these topics and more.
00:00 Intro
00:38 Trump Won't Testify in Impeachment Trial
03:04 Trump leaves Screen Actor's Guild; issues scathing letter
04:30 Senate sets stage to pass $1.9T relief bill
06:20 Rep. Marjorie Taylor Greene stripped of committee posts
08:40 Parler could be back by Monday
09:25 Franch president blasts social media platforms
#MarjorieGreene #ImpeachmentTrial #Trump
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Parler CEO terminated by board: mixed reports on the reason; Another round of stimulus?
The Social media platform Parler no longer has a CEO. Former Parler head John Matze announced his termination by the board, but not everyone agrees on why it happened.
Representative Liz Cheney will stay on as the third most powerful House Republican. She faced off with her pro-Trump colleagues last night over accusations she made against the former president. Cheney is still likely to face a primary challenge in 2022 by a candidate funded by a pro-Trump political action committee.
In a surprise move, the Department of Justice dropped a lawsuit against Yale University alleging discrimination against Asian American, White applicants. The DOJ described its decision as a “voluntary dismissal” of the litigation.
Tune into Deep Dive as we explore these topics and more.
#Parler #StimulusChecks #SchoolsReopening
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Big tech to face $100,000 daily fines for violating new Florida law; MyPillow Suspended from Twitter
Thousands of U.S. troops set to return home are now staying in Europe. That's as the new administration reviews the Trump administration's plan to withdraw troops. Trump's plan had been to withdraw around 12,000 troops from Germany; half would have come home and the other half would have gone to other parts of Europe.
Amazon founder Jeff Bezos announced he will step down as company CEO. It's to focus on his other businesses including The Washington Post and space travel company Blue Origin. Bezos made the announcement Tuesday in a letter to employees posted on the company's website.
Florida's governor is tackling big tech. He's proposing new laws to combat Big Tech censorship and the selling of private data and personal information. Under the new law, if a technology company de-platforms a candidate during an election - it will face a daily fine of $100,000 until the candidate’s access to the platform is restored.
Tune into Deep Dive as we explore these topics and more.
#BigTechCrackdown #AmazonCEO #MyPillow
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Kinzinger disowned over impeachment?; Republican's $618B counterproposal to Biden's $1.9T plan
Democratic impeachment managers released an 80-page brief outlining their plans for the upcoming trial. Trump's defense lawyers responded with their own filing. The nine impeachment managers argue former President Trump incited the mob that breached the capitol on January 6th, that he's directly responsible and must be convicted so as to never hold office again. Trump's defense lawyers meanwhile argue that the impeachment trial is unconstitutional and should be dropped.
Senate republicans proposed a $618 billion proposal to counter Biden's $1.9 trillion pandemic relief plan. What are some of the differences?
And newly released footage shows Facebook's CEO praising the new administration. Project Veritas published the video from an internal company meeting. In a newly leaked video, Facebook CEO Mark Zuckerberg praises President Biden’s executive orders —many of which reversed Trump's previous actions.
Tune into Deep Dive as we explore these topics and more.
#PandemicRelief #TrumpImpeachment #LeakedVideo
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Texas gov orders state agencies to sue Biden admin; Arizona agrees to forensic audit
D.C.'s Mayor made an announcement regarding what will happen to the thousands of national guard troops stationed in the nation's capital.
Arizona's largest county is trying to bring peace of mind to any who question the 2020 election. Maricopa County has agreed to conduct a forensic audit of the county's election equipment. The board plans to hire two independent companies to conduct the audit. It will include a software, hardware, and financial review of voting systems.
The Biden administration is facing backlash for halting gas and oil leasing on federal lands and water. Texas governor Greg Abbot ordered all state agencies to sue the Biden administration for any federal actions that threaten the state’s energy sector.
And four Democratic representatives are also urging the president to reverse course. They are asking Biden to rescind his new federal energy leasing ban.
Tune into Deep Dive as we explore these topics and more.
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Reddit post causes AMC and GameStop shares to soar; Biden Administration faces second lawsuit
The Biden administration is facing another lawsuit, this time over an executive order halting oil and gas leasing on federal lands. The lawsuit argues that the administration’s suspension of the federal oil and gas leasing program is “an unsupported and unnecessary action that is inconsistent with the Secretary’s statutory obligations” and is “both arbitrary and capricious.”
Six state attorneys general are warning President Biden not to overreach his authority. They say if he does, it won’t go unchallenged. They say although they stand ready to help the new administration – they will take legal action if it does anything unconstitutional or goes beyond its authority. The Republican AGs who put Biden on notice are from West Virginia, Arkansas, Indiana, Mississippi, Montana, and Texas.
It seems Reditters took things into their own hands against Wall Street. GameStop and AMC shares are soaring, hitting record highs. Even Tesla CEO Elon Musk weighed in. Establishment players appear to view the GameStop rush as misguided if not malicious. But small investors seem to view it as a form of revolt as they see institutional Wall Street as unfairly playing the market to its advantage and their disadvantage.
Tune into Deep Dive as we explore these topics and more.
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