meta_pixel
Tapesearch Logo
Log in
Marketplace All-in-One

It pays to play on as you age

Marketplace All-in-One

Marketplace

News, Business

4.51.4K Ratings

🗓️ 5 December 2023

⏱️ 7 minutes

🧾️ Download transcript

Summary

From the Rolling Stones to Bonnie Raitt and Dolly Parton, there are plenty of septuagenarians creating new, quality works. These performers are redefining “oldies but goodies,” but what can they teach us about prospects for an economy with an aging population? We rock out a bit, then discuss. Also on the show: Sweden’s Ericsson sees a win over Finland’s Nokia, and Moody’s issues a negative outlook for China’s government debt.

Transcript

Click on a timestamp to play from that location

0:00.0

An older America does not mean a less innovative America.

0:05.0

I'm David Brancheto in New York.

0:07.0

First, the Moody's rating agency has issued what's called a negative outlook

0:12.0

for China's government debt while stopping short of a

0:14.8

rating downgrade.

0:16.6

This says China's economic growth slows and the real estate industry there labors under

0:20.6

a mountain of debt.

0:22.1

Here's Leanna Byrne Marketplace BBC.

0:24.4

When a credit ratings agency rates your credit worthiness, it's saying that you're a

0:29.0

safe bet or you're not so safe a bet. So when one of the biggest agencies downgrades your

0:33.9

government credit rating it's a big deal. Moody's just downgraded China's

0:37.5

rating over worries about the economy and a shaky property market. It's the first

0:41.8

change to China's outlook since 2017.

0:44.0

Moody's is predicting slower growth and expects its GDP to be 4% in 2024, the same again in 2025

0:51.4

and averaging at 3.8% from 2026 to 2030.

0:56.6

China is not thrilled with this new rating but its finance ministry says

1:00.3

is planning a trillion yum boost by year end to counter it. I'm the BB. is World this morning AT&T is awarding a massive wireless infrastructure

1:14.6

contract to Ericsson of Sweden, Nokia, Finland also tried for this but didn't get it.

1:19.6

You've heard of open source software. This one is about open source hardware that will keep our devices connected.

1:26.4

Marketplace's Henry Epic reports.

1:28.8

AT&T's deal with Ericsson will rely on what's known as OpenRAN. Basically that means the

1:34.3

companies will build out a wireless network using technology that can come from a

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Marketplace, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Marketplace and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.