Some of the world’s biggest companies are gorging on debt
Sep 8, 2022

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

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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.

Segments From this episode

Why big companies are issuing bonds despite high interest rates

Sep 8, 2022
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.
Lowe's is among the retailers to issue bonds. Some companies think borrowing costs may be higher later on.
Justin Sullivan/Getty Images

Private equity bought a nursing home, leading to staff cuts and a decline in care

Sep 8, 2022
A new investigation by The New Yorker delves into the acquisition of a Virginia nursing home and what happened next.
A new investigation published in The New Yorker detailed what happened at St. Joseph's Home for the Aged, a nursing home in Richmond, Virginia, after it was acquired by a private equity firm in 2021.
Scott Olson/Getty Images

The team

Victoria Craig Host, BBC
Stephen Ryan Senior Producer, BBC
Jesson Duller Media Producer
Erika Soderstrom Producer
Alex Schroeder Producer
Redmond Carolipio Digital Producer
Ariana Rosas Producer/Director
Jarrett Dang Production Assistant