May 3, 2017

05/03/2017: The "Trump effect" on the Fed

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There's a lot of arm twisting and horse trading going on between the House and the White House this week, trying to push a new health care bill through. But there's a fundamental economic reality going on here: Lawmakers are trying to change the health care market and ignoring market forces. Then: The news out of the Federal Reserve was no news, but looking ahead, you can expect a hike and President Trump to fill as many as five vacancies on the Board of Governors. We'll talk about it. Plus: NAFTA's effect on Texas cattle and reappearing chicken nuggets in Los Angeles schools. 

Segments From this episode

From Reagan to Trump: How the Heritage Foundation has influenced policy

May 3, 2017
The president has relied on the conservative think tank for guidance, but its ideas can be traced to health care and welfare reform.
The Heritage Foundation's role in the conservative movement goes back to the 1970s, says Atlantic writer Molly Ball. Above, George W. Bush speaks to the foundation in 2007.
MANDEL NGAN/AFP/Getty Images

How LAUSD raised the bar for chicken lunches

May 3, 2017
The school district looked for quality in the food and the supply chain, and 'no one could meet their standards,' L.A. Times reporter says.
School children pick up their lunches from the cafeteria at the Normandie Avenue Elementary School in Los Angeles.
MARK RALSTON/AFP/Getty Images

The Trump effect on the Federal Reserve

May 3, 2017
The president could appoint as many as five new interest-rate-setting governors.
What types of people will President Trump appoint to the Federal Reserve’s Board of Governors?
SAUL LOEB/AFP/Getty Images

Critics say GOP measure allows employers to skirt overtime pay

May 3, 2017
Republicans in the House of Representatives have just passed a bill that would allow employers to give workers paid time off instead of the time and a half normally paid as overtime. The legislation, called the “Working Families Flexibility Act,” is being touted by the GOP as way to provide more options for workers. Opponents […]

Texas cattle ranchers, dependent on Mexican trade, keep an eye on NAFTA

May 3, 2017
Cattlemen's trade group is lobbying hard to make sure the White House knows what's at stake.
Coleman Locke, president of J.D. Hudgins Inc., and one of his Brahman bulls.
Andrew Schneider

Just 34 percent of homes have regained pre-recession values. Is that a bad thing?

May 3, 2017
There’s some stark research out today from the real estate research firm Trulia that shows an uneven recovery in the housing market. According to Trulia, only 34 percent of homes nationally have returned to their pre-recession value. Now that is, of course, a comparison back to the crazy times of the housing bubble. So how […]

How do you pay for pre-existing conditions? The GOP plans to charge more

by
May 4, 2017
Republicans are trying for a different health insurance model.
Speaker of the House Paul Ryan announces a cancelled vote on the American Health Care Act, the GOP plan to repeal and replace the Affordable Care Act, in March.
Drew Angerer/Getty Images

There’s a lot of arm twisting and horse trading going on between the House and the White House this week, trying to push a new health care bill through. But there’s a fundamental economic reality going on here: Lawmakers are trying to change the health care market and ignoring market forces. Then: The news out of the Federal Reserve was no news, but looking ahead, you can expect a hike and President Trump to fill as many as five vacancies on the Board of Governors. We’ll talk about it. Plus: NAFTA’s effect on Texas cattle and reappearing chicken nuggets in Los Angeles schools. 

Music from the episode

Smooth (feat. Rob Thomas) Santana, Rob Thomas
Cirrus Bonobo
What Do You Mean? Justin Bieber
Bills LunchMoney Lewis