Corporate profits, we see you

Make Me Smart

Marketplace

Business, News

4.6 • 5.4K Ratings

🗓️ 21 October 2022

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

U.S. Rep. Katie Porter is pulling out her famous charts. This time it’s to argue that corporate greed is driving inflation. We’ll explain why this debate isn’t settled. Plus, Liz Truss’ time as the United Kingdom’s prime minister comes to an abrupt end. And, why is lettuce all over our feeds?

Here’s everything we talked about today:

“Katie Porter pulls out chart at hearing to show corporate greed is the “biggest driver of inflation” from Salon
“Corporate profits have contributed disproportionately to inflation. How should policymakers respond?” from The Economic Policy Institute
“Why are company profits rising despite inflation?” from Marketplace
“How shareholders jumped to first in line for profits” from Marketplace
Listen: “Truss fall” from “Today, Explained”
“Adderall shortage is so bad some patients can’t fill their prescriptions” from The Washington Post
“Americans can now select their sex marker in Social Security records” from CNN
“Daily Star lettuce celebrates victory as Prime Minister Liz Truss resigns” from The Daily Star

Join us tomorrow for Economics on Tap. The YouTube livestream starts at 3:30 Pacific time/6:30 Eastern. We’ll have news, drinks, a game and more.

Transcript

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0:00.0	Here we go.
0:01.0	Ready Janet?
0:04.0	Yes.
0:05.0	Hello everyone, I'm Kimberly Adams.
0:10.1	Welcome back to Make Me Smart, where we make today make sense.
0:14.2	And I'm Janet Win in Fork High Ristol.
0:16.2	Thanks so much for joining us on this Thursday.
0:18.8	Yes, and today it is news fix and Make Me Smile Day, which many of the days in the week
0:23.6	are, but not all of them.
0:25.4	So let's jump right in.
0:31.1	I suppose we need to start with the big international news of the day, shall we?
0:34.3	Yes.
0:35.3	Oh my goodness.
0:37.1	If you like many of us woke up and was like, what is going on in the UK?
0:43.2	Join the club.
0:44.6	Obviously, as you probably already know, if you've been paying any attention to the news,
0:49.2	Britain's Prime Minister stepped down today for a big variety of reasons, mainly a terrible
0:55.0	economic plan that crashed their markets and did all sorts of things that then got rolled
0:59.3	back, but there was a lack of confidence.
1:01.6	If you actually want to know what led up to this in great detail, our former colleague
1:06.8	and one of my close friends, Noel King, who host today, co-host today, explained over
1:11.2	at Vox, they did a great explainer episode today that they turned around in like super
	...

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