2 chapters across the catalog
The role of private equity in "raping the economy" is discussed, specifically regarding the acquisition of companies like Joann Fabrics and various HVAC and veterinary services. Critics argue that these firms saddle businesses with debt and use tax loopholes like "carried interest" while the actual service quality declines.
Joann Fabrics Bankruptcy, Decline of Sewing in America
Joann Fabrics, the largest fabric retailer in the U.S., has filed for bankruptcy and begun closing 800 stores. The decline is attributed to sewing becoming a "lost art" as schools phase out home economics and shop classes in favor of gender studies. The hosts reminisce about learning to sew and the history of the store, which originally began as a cheese shop.
