Tom Barrack Drops Plans to Save Weinstein Co.

Colony Capital has decided not to proceed with a plan to rescue the film and TV studio co-founded by Harvey Weinstein. The studio is facing significant challenges, and its future is uncertain. Barrack, a friend of President Trump, expressed his support for the president and is optimistic about the passage of tax reform before Christmas. He believes that cooperation across political lines is necessary for the success of the tax bill, especially with upcoming midterm elections.

What was the decision made by Colony Capital regarding the film and TV studio co-founded by Harvey Weinstein?

• They decided to invest more money.

• They walked away from the rescue plan.

• They merged with the studio.

• They bought the studio outright.

What is Barrack's relationship with President Trump?

• They are distant relatives.

• They are lifelong friends.

• They are business partners.

• They are political rivals.

What does Barrack believe about the White House's tax reform plans?

• They will pass after Christmas.

• They will fail to pass.

• They will be postponed indefinitely.

• They will pass before Christmas.

What is emphasized as necessary for the passage of the tax reform bill?

• Increased public support.

• More funding from private sectors.

• International approval.

• Cooperation among political parties.

Why is the tax reform bill considered essential?

• It will reduce national debt.

• It is crucial for midterm elections.

• It will improve healthcare.

• It will increase international trade.