Hello and welcome to the more like Canada edition of Slate Money, your guide to the business and finance news of the week.

I'm Felix Salmon of Axios.

I'm joined as ever by Anna Shemansky.

Hello.

And by Emily Peck of the Huffington Post.

Hello.

And the news of the week was, for those of you who are in another country or something,

there was an election in America.

We're going to talk about the consequences of the midterm elections.

And the consequences are surprisingly far reaching.

We are going to talk about Medicaid expansion, cannabis, the way that the Democrats now control the House Financial Services

Committee. We're going to talk about minimum wage. We're going to talk about Puerto Rico and

banking and all manner of stuff. So we're going to try and work out how much we can squeeze

into this episode because there's a lot to talk about. But let's start with Maxine Waters, who is basically the grandmother of the House of Representatives.

She's, she's been there forever, I think. I mean, I think she dates back to like Abraham Lincoln's time.

I did look this up. She has been on the House Financial Services Committee since 1991.

She knows how it works. She knows how it works. She's a very, very experienced lawmaker.

And she is now going to be the chair. After 28 years on this

committee, she finally has the seniority to become the chair of the committee. And let's just say

that she is not a sort of Tim Geithner-style technocratic Democrat. She has a bullhorn.

Although I would say that she rhetorically is very, very vocal, very, very far on the left in some ways.

But in terms of actual policy, she's really been willing to work with other committee members, to work across

...