FROM Daniel J.B. Mitchell
Can Washington Ignore the Biggest State in the Union? In 1975, a local newspaper headline said, "Ford to New York City: Drop Dead." But President Gerald Ford relented and agreed to back loans that kept the city from going bankrupt. Now California is asking Washington for a similar kind of help. Will Washington want to see sick children out on the street? What about the municipal bond market?
New Grocery Workers Contract Regains Benefits It appears that one of LA’s major economic engines will not be shut down by a labor dispute as shipping companies and the Longshore and Warehouse Union reached a tentative agreement today. If it’s ratified, that’s good news for the Ports of Long Beach and Los Angeles. Over the weekend, Southern California grocery workers approved an agreement that brought peace to Vons, Ralphs and Albertsons. Union members got their first raises in five years and the new contract repeals the two-tier pay scales enacted after a 141-day strike and lockout four years ago.
Replacing Obamacare: Now you see it… now you don’t As the Senate deliberates replacing Obmacare, health coverage for millions of people is at stake. There've been no public hearings, and a draft measure won't be made public. Is the House version so unpopular that that Senate is hiding a version that looks much the same?
Who's to blame for the opioid crisis? Some of the lawyers who took on Big Tobacco are now going after Big Pharma. It’s all about the deadly epidemic of opioid use. Are the drug companies to blame? What about the users? Later, on today’s Talking Point: making sense of Britain’s upset election.
Trump's 'America First' goes missing abroad In the Middle East, President Trump is changing some policies of the Obama Administration—and reversing his own campaign attacks on Islam as a religion that "hates us." We hear about his visit to Saudi Arabia and what's at stake for the rest of his foreign excursion.