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Sep 8, 2022

Some of the world’s biggest companies are gorging on debt

We take a quick look into the reasons companies like Walmart and McDonald’s have been issuing billions in bonds. A reporter from The New Yorker stops by to discuss her story about how a nursing home’s quality of care went downhill after a private equity firm purchased the place.

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People walk past a Walmart in Washington, D.C. The company's sales surged in the second quarter.
Andrew Caballero-Reynolds/AFP via Getty Images

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Segments From This Episode

Why big companies are issuing bonds despite high interest rates
by Justin Ho
Justin Sullivan/Getty Images
Walmart and McDonald’s are among those hopping on the bond bandwagon. Some think now is a good time to borrow in case rates rise further.
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Private equity bought a nursing home, leading to staff cuts and a decline in care
by David Brancaccio and Jarrett Dang
Scott Olson/Getty Images
A new investigation by The New Yorker delves into the acquisition of a Virginia nursing home and what happened next.
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