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.'m joined as ever by Anna Shimansky

Hello and by Emily Peck of the Huffington Post and the news of the week, for those of you who are in another country or something,

there was an election in America.

We are 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 in to 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 been there forever, I think.

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 sort of Tim Gaitner-style technocratic

Democrat. She has a bullhorn.

Although I would say that she rhetorically is very, very vocal, very, very,

very, you know, far on the left in some ways, but in terms of actual policy she's really been

...