What happened to corporate DEI efforts?
Make Me Smart
Marketplace
4.6 • 5.5K Ratings
🗓️ 28 August 2024
⏱️ 13 minutes
🧾️ Download transcript
Summary
Home improvement retailer Lowe’s is the latest in a string of American companies to publicly abandon diversity, equity and inclusion efforts after facing pushback from conservative groups. We’ll get into it. Then, two signs that the global economy may be in trouble. Plus, we’re hype about the Paris Paralympics opening ceremony!
Here’s everything we talked about today:
- “Lowe’s becomes latest company to dial back DEI efforts aimed at LGBTQ groups” from NBC News
- “Lowe’s followed Tractor Supply, Harley Davidson and John Deere in backing off DEI initiatives” from Fortune
- “Africa’s Debt Crisis Has ‘Catastrophic Implications’ for the World” from The New York Times
- “A Time Bomb Is Threatening Economies Across Asia” from The Wall Street Journal
- “How to watch the 2024 Paris Paralympics: TV and stream info, schedule, start time, top athletes, preview, team news” from NBC Olympics
Join Kimberly Adams for a live Marketplace event on Sept. 23 in Denver about living single in today’s economy. You can find details about it here. Hope to see you there!
Transcript
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| 0:00.0 | How goes it? It goes. The day goes. It does. Let's go do a show. |
| 0:07.0 | I'm proud of myself for that one. |
| 0:15.0 | Hey everybody, I'm Kyle Rizdow, welcome back to make me smart where we make today makes sense. |
| 0:21.0 | And I'm Kimberly Adams. Thank you for joining us on this Wednesday. |
| 0:24.8 | It is August 28th. |
| 0:26.8 | We are going to do our usual thing today. |
| 0:28.8 | Actually, I suspect it will be a slightly altered usual thing. |
| 0:31.2 | There will be news. |
| 0:32.1 | I see, however however no smiles in the |
| 0:33.9 | rundown I am bereft of a smile to name is Adams do you have one I do oh right well |
| 0:38.9 | in that case let's all let's all smile we'll start with the news go ahead you go |
| 0:42.1 | I've just been very fascinated at all these |
| 0:45.8 | businesses jumping ship on their DEI initiatives in the wake of the conservative pushback against the air the in particular Lowe's has now followed tractor supply, Harley Davidson, John Deere, I'm sure |
| 1:06.2 | there are many more companies that are doing it and hoping the media doesn't pay attention, |
| 1:10.8 | Jack Daniels Best Buy. |
| 1:14.6 | They have literally made announcements |
| 1:16.8 | that they are pulling back from these initiatives. |
| 1:20.4 | And I understand the business rationale, they have literally sat down and made the |
| 1:26.9 | calculation, we are losing more money, you know, having these policies and publicly supporting them then we would make or |
| 1:37.0 | then we would lose by pulling out of these things and it just is a bit |
| 1:42.3 | astonishing to me that you know your game to like say to people's |
| 1:46.4 | faces yeah we're done supporting queer folks and and but you know they are businesses and they felt the heat and in many cases and even some |
... |
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