Jul 18, 2017

07/18/2017: No repeal, no replacement

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After years of trying, the Republican-controlled Congress won't be replacing Obamacare or even repealing it with a replacement TBD. President Trump's new plan, he said today, is "just let Obamacare fail." Leaving aside that's quite a thing to say about a sixth of the economy, you might wonder how insurers are taking the news. Turns out, most of them don't make much money in the individual market anyway. We'll look at UnitedHealth, which is mostly out of the exchanges, but posted huge second-quarter earnings today. Then: The fizzled-out health care reform pushed the dollar to an 11-month low today. Investors are doubting we'll see any of Trump's big promises delivered soon, but D.C. gridlock isn't the only thing driving down the dollar. Plus: How do you know your neighborhood's gentrifying? When South Harlem becomes "SoHa." 

Segments From this episode

There's a whole lot of love for Howlin' Ray's Nashville-style hot chicken in LA

Jul 18, 2017
Copy cats are popping up, and chef Johnny Zone promotes them. "That means we're doing something right."
Photo courtesy of Howlin' Ray's

"The grid is in good shape," an Energy Department study draft says

Jul 18, 2017
Are renewable sources reliable? Come down the energy rabbit hole with us.
President Trump and Energy Secretary Rick Perry at an "Unleashing American Energy" event in June. The Trump administration believes in fossil fuel "dominance."
Kevin Dietsch-Pool/Getty Images

Domestic politics not the only reason for weak dollar

Jul 18, 2017
Stalled health care reform efforts put strain on the dollar today, as investors in Asia and elsewhere started dumping the greenback. President Trump’s difficulty in getting his domestic policy agenda passed is one factor in the dollar’s doldrums, but there are others. Click the audio player above to hear the full story. Stories You Might […]

UK honors Jane Austen 200 years after death

Jul 18, 2017
The romantic novelist is celebrated with her image on a new 10 pound bill.
“Jane Austen was always concerned about the money she made from her writing,” said Kathryn Sutherland, an Oxford professor. “She would be proud and amused to find herself on a bank note.”
CHRIS J RATCLIFFE/AFP/Getty Images

If your neighborhood's name changes, it's probably being gentrified

Jul 18, 2017
Creative neighborhood renaming is common in real estate, but not all residents are on board with the trend.
A new apartment building is under construction August 2001 in Harlem, New York City.
Spencer Platt/Getty Images

As Obamacare stays – for now – health insurance companies look elsewhere for profits

Jul 19, 2017
After months and years of trying, there’s going to be no replacing — or repealing — of Obamacare. At least for now. You might expect that health insurance companies have been holding their breath, waiting to see what’s next. But it turns out many of the larger insurers don’t make much of their money selling insurance in […]

After years of trying, the Republican-controlled Congress won’t be replacing Obamacare or even repealing it with a replacement TBD. President Trump’s new plan, he said today, is “just let Obamacare fail.” Leaving aside that’s quite a thing to say about a sixth of the economy, you might wonder how insurers are taking the news. Turns out, most of them don’t make much money in the individual market anyway. We’ll look at UnitedHealth, which is mostly out of the exchanges, but posted huge second-quarter earnings today. Then: The fizzled-out health care reform pushed the dollar to an 11-month low today. Investors are doubting we’ll see any of Trump’s big promises delivered soon, but D.C. gridlock isn’t the only thing driving down the dollar. Plus: How do you know your neighborhood’s gentrifying? When South Harlem becomes “SoHa.” 

Music from the episode

Minor Swing Django Reinhardt, Stéphane Grappelli, Quintette du Hot Club de France
Gypsy Queens Balkan Beat Box
Jump Around House Of Pain
She Wolf Shakira