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Marketplace All-in-One

Ralph Nader on a dozen CEOs who got it right

Marketplace All-in-One

Marketplace

Business, News

4.51.4K Ratings

🗓️ 14 November 2023

⏱️ 7 minutes

🧾️ Download transcript

Summary

Consumer advocate and former presidential candidate Ralph Nader isn’t exactly known as a friend to corporations or their leaders. But in his latest book, Nader outlines lessons from CEOs who he believes have been forces for good. Today: a conversation with America’s consumer-advocate-in-chief. Also: What are the practical effects of a downgrade to the U.S. credit rating?

Transcript

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0:00.0

Inflation in the US took a break for the month of October. From Marketplace, I'm

0:06.9

Sabri Benashore in for David Brancaccio. Between September and October,

0:10.7

prices did not rise according to the

0:13.9

C. P. I out this morning compared to a year earlier prices were up 3.2 percent but that

0:19.0

pace represents a significant slowdown in annual price increases, more than what surveys show economists expecting.

0:26.2

Meanwhile, the House of Representatives is getting ready to go through some procedural votes to keep the government open

0:31.8

for the short term and not run out of money

0:34.3

after this Friday and partially shut down. The credit rating agency Moody's has

0:38.3

lowered its outlook for America's credit rating to negative citing what it called continued political

0:44.4

polarization and large deficits but it hasn't quite downgraded the country

0:49.1

yet. Fitch on the other hand, has earlier this year,

0:53.0

which raises the question, what does it actually mean

0:56.3

for a country when its credit gets dinged?

0:58.8

Marketplace's Nancy Marshall Genser reports.

1:01.3

If you or I got a ding to our credit rating, banks would see us as a riskier bet.

1:05.9

It could be harder to get a loan.

1:07.5

Not so for the federal government, says Mark Goldwine, senior vice president and the committee

1:12.0

for a responsible federal budget.

1:14.0

People are still investing the United States of America.

1:16.0

The U.S. borrows money by issuing Treasury bonds.

1:19.0

Investors still see those bonds as a safe haven,

1:22.0

and they still think the U.S. will pay them back.

...

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