What's REALLY Going On With Inflation?
Episode description
AKA "Corporate Profiteering During Record Inflation"
As the media obsessed over record inflation for much of the year, major corporations were publicly celebrating their recent rise in profits and admitting in earnings calls that they were raising prices on consumers—effectively price gouging Americans. This boon to corporate coffers also comes amid increased use of stock buybacks to funnel money back into the hands of board members and executives—money that could be used to drive down costs for consumers, research and development, or investing in their workforce. A practice that only decades earlier was considered an illegal form of market manipulation, is now all too common. Even The New York Times does it—so much for having faith in your news sources. This is the story of corporate profiteering on a massive scale.
News Beat is a multi-award-winning podcast brought to you by Morey Creative Studios and Manny Faces Media.
Audio Editor/Sound Designer/Producer/Host: Manny Faces
Editor-In-Chief/Producer: Chris Twarowski
Managing Editor/Producer: Rashed Mian
Episode Art: Jeff Main
Executive Producer: Jed Morey
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