Congressional Republicans and the White House have promised they'll start filling in the blanks on their proposals to overhaul the tax code Wednesday, though you'd be forgiven if it escaped your notice. Anyway, the early glimpses we've gotten of the White House's plans have been a bit confusing, so we'll start today's show trying to sort it all out. Then: Critics have accused the government of being slow to respond to the devastation in Puerto Rico, but one industry is watching very closely: Big Pharma. More than a quarter of all the drugs we export are made in the territory. Plus, Nebraska has more refugees than any other state in the country per capita. Today we'll take a look at Yazidis, a religious minority in Iraq that has found a second home in Lincoln.
When Senator John McCain announced he'd vote no on the latest GOP replacement for Obamacare, he said: "The specter of September 30th budget reconciliation deadline has hung over this entire process," and he's right. We keep hearing about how Republicans need to get something done by the end of the month, and we'll start today's show with the health care drama and the legislative mechanism driving it. Then: Aaron Hernandez's autopsy result showed severe brain damage, and it's just the latest in a string of injury revelations for the NFL, but what effect will they really have on the league's $14 billion business? Plus, the latest bad news for Uber.
The drip-drip-drip of news about Russia and the 2016 election continues today. A week or so ago, Facebook said it sold about $100,000 worth of ads to a so-called Russian "troll farm." Today, the company announced it would show the ads to the government. Meanwhile, the company is working to improve its advertising process after ProPublica revealed users could target ads with anti-Semitic keywords. We'll start today's show by explaining all the fires Facebook is fighting. Then: all of Puerto Rico is still without power today, and it could take months to restore service. The utility was already $9 billion in debt. Plus: Google's latest hardware play.
Federal Reserve Chair Janet Yellen gave an update on the economy today, and we'll start the show with the highlights and translated Fed-speak. Then: the latest — and likely last, but who knows anymore — Senate attempt at repealing Obamacare is the Cassidy-Graham bill. It takes the money the federal government spends on Obamacare, and gives it directly to the states to do what they want with it. It's called a block grant, and it sounds simple enough, but it's not. We'll look at how they've worked in the past. Plus: Checking in with a family of Syrian refugees, one year later.
The Federal Reserve has been backstopping the American economy for almost a decade with its $4 trillion pile of bonds and mortgage-backed securities it bought up during and after the financial crisis. The idea was to keep borrowing costs low and goose the whole economy. It's widely expected that the Fed's going to start unwinding its balance sheet tomorrow, letting the economy work a little more normally. So what's going to happen? Then: FEMA says fewer than 20 percent of the homes affected by Harvey carried flood insurance, and that makes recovery all the more difficult. Plus: A new study from Yale University says Americans, mostly white Americans, are just plain out of touch with how economically unequal this country is.
Washington is getting all hot and bothered about healthcare again, but we're gonna keep our eye on the ball and start our show with the Fed, which is meeting this week. There's going to be tea leaf reading, and some dot plot reading too. Then: We've been reporting a lot lately on hate groups, and where they find homes online. Since Charlottesville, there's been more awareness of these groups, and they've been expelled from a lot of services, but that hasn't stopped other businesses from filling in the gap. Plus: In LA's gentrifying Boyle Heights neighborhood, mariachis struggle to pay rent near a plaza named for them.