Checks and Balance: Chuck yeah!
Checks and Balance from The Economist
The Economist
4.6 • 1.7K Ratings
🗓️ 12 August 2022
⏱️ 45 minutes
🧾️ Download transcript
Summary
Democrats have finally passed their climate, tax and health care legislation through the Senate. Chuck Schumer and his colleagues are toasting their successful out-manoeuvring of the GOP. How will the Inflation Reduction Act affect carbon emissions, prescription drug prices and the deficit? And will it improve voters’ views of Joe Biden and his party?
The Economist’s Vijay Vaitheeswaran assesses the climate provisions in the bill. We go back to another occasion when Democrats had to go it alone in Congress. And The Economist’s Elliott Morris considers whether a legislative victory can change voters' minds.
John Prideaux hosts with Charlotte Howard and Idrees Kahloon.
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Transcript
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| 0:00.0 | As Helen opened her Amazon parcel, her stomach filled with butterflies, rapid air technology |
| 0:06.8 | and a grill mode feature, this air fryer tickled Helen's taste buds for a price lower |
| 0:11.2 | than she'd ever imagined, five stars from Helen. |
| 0:15.9 | Find star rated products at star prices, start your search on Amazon today. |
| 0:25.0 | There would be no dancing in the dark for many Bruce Springsteen fans. |
| 0:29.4 | The first leg of his 2009 tour was due to end with two homecoming shows in his native |
| 0:34.2 | New Jersey at the Meadowlands Arena in East Rutherford. |
| 0:38.3 | But a nasty shock awaited people as they logged on to buy tickets. |
| 0:42.7 | Average prices of $280. |
| 0:46.5 | This was not the case of Rockstar looking to exploit his devotees. |
| 0:50.9 | The original sale price was between $65 and $95. |
| 0:54.7 | Instead, fans found they were automatically redirected to a secondary resale site |
| 0:59.8 | where the cost had been bumped up. |
| 1:02.8 | For one particular fan, enough was enough. |
| 1:06.5 | Congressman Bill Pascal, whose district included the arena, introduced a bill that would |
| 1:11.6 | increase transparency in the ticketing industry. |
| 1:15.2 | The better oversight of secondary sales and accountability in concert ticketing act |
| 1:20.7 | was dedicated to New Jersey's favourite son. |
| 1:23.5 | It's an acronym, the Boss Act. |
| 1:27.2 | Exorbitant ticket prices haven't gone away, but despite Pascal's many attempts, the |
| 1:31.8 | Boss Act has never been passed. |
| 1:34.2 | It is though a fine example of the knee shot of naming congressional bills. |
... |
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