Jim Zarroli

Jim Zarroli is a business reporter for NPR News, based at NPR's New York bureau.

He covers economics and business news including fiscal policy, the Federal Reserve, the job market and taxes

Over the years, he's reported on recessions and booms, crashes and rallies, and a long string of tax dodgers, insider traders and Ponzi schemers. He's been heavily involved in the coverage of the European debt crisis and the bank bailouts in the United States.

Prior to moving into his current role, Zarroli served as a New York-based general assignment reporter for NPR News. While in this position he covered the United Nations during the first Gulf War. Zarroli added to NPR's coverage of the aftermath of Hurricane Katrina, the London transit bombings and the September 11, 2001 attacks on the World Trade Center.

Before joining the NPR in 1996, Zarroli worked for the Pittsburgh Press and wrote for various print publications.

Zarroli graduated from Pennsylvania State University.

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Business
2:16 pm
Fri September 19, 2014

With IPO, Alibaba Hopes To Compete In The West

Originally published on Fri September 19, 2014 4:08 pm

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

Business
4:57 am
Thu September 18, 2014

Holder Urges Bigger Rewards For Wall Street Whistleblowers

Originally published on Thu September 18, 2014 5:50 am

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

Politics
2:32 pm
Tue September 9, 2014

Cantor Brings Congressional Connections To Wall Street Job

Originally published on Tue September 9, 2014 4:00 pm

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

Economy
2:19 pm
Wed September 3, 2014

Federal Regulators Impose Tough New Rules For Banks

Originally published on Wed September 3, 2014 5:04 pm

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Business
2:45 pm
Thu August 28, 2014

JPMorgan's Been Hacked, But Answers — And Fraud — Are Hard To Find

Originally published on Thu August 28, 2014 5:28 pm

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Business
2:45 pm
Tue August 26, 2014

BK's Big Deal Could Bring The King To Canada, Controversy Close Behind

Originally published on Tue August 26, 2014 6:07 pm

Burger King is buying Tim Hortons, the Canadian coffee-and-donut chain, in a deal valued at $11 billion. The new company will be headquartered in Ontario, Canada, allowing Burger King to take advantage of Canada's lower corporate tax rate. The relocation is bound to cause controversy in the U.S.

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Business
2:06 pm
Mon August 25, 2014

To Make A Move North, Burger King Eyes Buying A Canadian Icon

Originally published on Tue August 26, 2014 12:08 pm

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Parallels
2:31 pm
Fri August 22, 2014

Argentina Crisis Puts Focus On Role Of Distressed-Debt Funds

A woman in Buenos Aires walks with her dog past a mural that reads "Vultures" in Spanish. The mural is a reference to the dispute between the Argentine government and U.S. hedge funds.
Victor R. Caivano AP

Originally published on Fri August 22, 2014 6:09 pm

The legal battle between Argentina and its creditors grinds on with no sign of a resolution anytime soon. The dispute pits the government against two New York hedge funds that specialize in buying distressed debt.

These hedge funds bought Argentina's bonds at fire-sale prices and now stand to make huge profits off the country's financial troubles. But they've encountered a lot of resistance from the government.

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Law
2:10 pm
Thu August 21, 2014

Bank Of America Settles With Feds And States For Record Amount

Originally published on Thu August 21, 2014 4:24 pm

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Business
11:07 am
Thu August 21, 2014

Bank Of America Settles Mortgage Case For $16.65 Billion

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Europe
2:09 pm
Thu August 14, 2014

Once-Thriving Heart Of The Eurozone Stagnates

Originally published on Thu August 14, 2014 4:35 pm

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This is ALL THINGS CONSIDERED from NPR News. I'm Melissa Block.

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Business
4:09 am
Mon August 11, 2014

Amazon Blocks Pre-Orders Of Some Disney Movies

Originally published on Mon August 11, 2014 6:04 am

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

Business
2:45 pm
Thu August 7, 2014

White House Seeks Ways To Go It Alone In Keeping Companies Stateside

Originally published on Thu August 7, 2014 5:43 pm

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Business
4:11 am
Wed August 6, 2014

Feds Criticize Big Banks' Plans To Avoid Next Fiscal Crisis

Originally published on Wed August 6, 2014 5:45 am

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

Economy
3:15 am
Tue August 5, 2014

Obama Touts Improved Climate For U.S. Businesses

Originally published on Tue August 5, 2014 8:47 am

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World
9:19 am
Sat August 2, 2014

Sanctions Target Russian Oil, But Will That Persuade Putin?

An oil refining factory owned by the Russian company Rosneft, outside the town of Achinsk, Russia, in 2013. The company says that hundreds of sites are being explored throughout the country as potential sources of oil and gas — but to tap those sites, Russia depends on Western companies.
Ilya Naymushin Reuters/Landov

Originally published on Wed August 27, 2014 10:48 am

Both the United States and Europe announced new economic sanctions this week against Russia for its role in the conflict in Ukraine. Among other things, Western companies will no longer be able to sell Russia new technologies to develop its oil fields.

The move comes at a time when oil exports have become more important than ever for the Russian economy.

President Obama says the sanctions are meant to send a strong message:

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NPR Story
3:07 am
Thu July 31, 2014

Argentina Is In Default. What Does That Actually Mean?

Originally published on Thu July 31, 2014 6:12 am

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Latin America
2:00 pm
Wed July 30, 2014

Late Rally From Argentina Fails To Delay Default

Argentina Economy Minister Axel Kicillof speaks during a news conference at the Argentina Consulate on Wednesday in New York. By the end of the day, a deal had not been reached with the country's creditors.
Stan Honda AFP/Getty Images

Originally published on Wed July 30, 2014 8:09 pm

Talks aimed at resolving Argentina's debt crisis have broken down in New York. A court-appointed mediator has declared that the country will go into default. It is the second time the country has defaulted in about 12 years.

With a midnight deadline looming, the government and its creditors walked away without a deal late Wednesday.

Argentina has been waging a protracted legal battle with a small number of bondholders. They want to be paid in full for bonds they purchased years ago.

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Europe
2:13 pm
Mon July 28, 2014

International Court Rules Against Russia In $50 Billion Decision

Originally published on Mon July 28, 2014 5:40 pm

Russia says it will appeal an unfavorable decision by a court in The Hague. The Permanent Court of Arbitration awarded $50 billion to shareholders of the defunct Yukos oil company. Russia seized the company in 2003 and put owner Mikhail Khodorkovsky in jail on tax and fraud charges.

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Latin America
4:09 am
Mon July 28, 2014

Locked In U.S. Hedge Fund Battle, Argentina Faces Default

Originally published on Mon July 28, 2014 11:52 am

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RENEE MONTAGNE, HOST:

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Economy
4:13 am
Thu July 24, 2014

How High Debt From The Housing Collapse Still Stifles Our Economy

An artist's installation shows pre-foreclosed homes in Newark, N.J., in July 2009 at the Queens Museum of Art in New York City.
Mario Tama Getty Images

Originally published on Thu July 24, 2014 11:05 am

"Foreclosure, foreclosure, foreclosure."

Real estate broker John Susani drives down a Paterson, N.J., street where every third house seems to be abandoned or boarded up. During the boom years, money flooded into Paterson.

"The banking industry allowed everyone to be a homeowner; they gave mortgages to people [just because they were] breathing," Susani says.

In some cases, he says, home prices jumped as much as 50 percent. The homes on these streets aren't worth nearly that much anymore.

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Business
3:24 am
Thu July 17, 2014

Treasury Secretary Calls For Corporate Tax Code Overhaul

Originally published on Thu July 17, 2014 9:09 am

Transcript

RENEE MONTAGNE, HOST:

U.S. Treasury Secretary Jacob Lew says, there has been an uptick in the number of U.S. corporations moving their headquarters overseas in an effort to pay less tax. In a moment, we'll talk to David Wessel about what's allowing these moves to happen. We begin with NPR's Jim Zarroli.

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Law
2:15 pm
Mon July 14, 2014

Citigroup Agrees To $7 Billion Fine For 'Egregious' Misconduct

Originally published on Mon July 14, 2014 4:24 pm

Citigroup has agreed to pay $7 billion to settle claims that it committed fraud when it sold mortgage-backed securities in the years leading up to the financial crisis. Most of the money will be paid to the U.S. Treasury, but some will be used to provide mortgage relief to struggling homeowners.

Business
10:34 am
Mon July 14, 2014

Citigroup Settles Subprime Mortgage Case For $7 Billion

Transcript

STEVE INSKEEP, HOST:

Citigroup has agreed to settle allegations that it defrauded investors in the years leading up to the financial crisis. The settlement requires Citigroup to pay $7 billion. Two and a half billion will go toward mortgage relief for homeowners. Now, this settlement involves mortgage-backed securities the bank packaged and sold to investors, and it was announced this morning by U.S. Attorney General Eric Holder. We're going to talk this through with NPR's Jim Zarroli who's on the line. Jim, good morning.

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Latin America
2:13 pm
Tue July 8, 2014

With Default 23 Days Away, A Little Clause Could Cost Argentina Big

Originally published on Tue July 8, 2014 7:20 pm

Transcript

ROBERT SIEGEL, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.

MELISSA BLOCK, HOST:

And I'm Melissa Block. The clock is ticking for Argentina. Yes, in the World Cup, but here, we're talking about its effort to prevent another debt crisis. Argentina has until the end of this month to pay its bondholders or it risks going into default. As NPR's Jim Zarroli reports, the dispute hinges on one particular clause in the country's debt contracts that could cost the country billions of dollars.

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Economy
9:14 am
Thu July 3, 2014

Report Shows 288,000 New Jobs In June

Transcript

RENEE MONTAGNE, HOST:

This is MORNING EDITION from NPR News. I'm Renee Montagne.

DAVID GREENE, HOST:

And I'm David Greene. Good morning. We begin this hour with more positive signs about the nation's economy. The Labor Department this morning said the U.S. unemployment rate fell to its lowest level in nearly six years last month, and employers added some 288,000 jobs to their payrolls. Here's NPR's Jim Zarroli.

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Business
4:07 am
Thu July 3, 2014

Before The Holiday Weekend, Latest Jobless Report Is Issued

Originally published on Thu July 3, 2014 9:14 am

Transcript

DAVID GREENE, HOST:

We'll get an important snapshot of the U.S. economy today. The job market in this country has been racking up some healthy gains over the past few months. That trend is expected to continue. We'll find out if it does when the Labor Department releases its monthly jobs report later this morning. Here's a preview from NPR's Jim Zarroli.

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Business
3:21 am
Tue July 1, 2014

French Bank To Pay $8.83 Billion In Sanctions Probe

Originally published on Tue July 1, 2014 12:24 pm

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News
4:20 pm
Mon June 30, 2014

BNP Paribas Agrees To Nearly $9 Billion Fine And Admission Of Guilt

Originally published on Mon June 30, 2014 5:30 pm

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Banking giant BNP Paribas has agreed to pay American regulators nearly $9 billion dollars to settle charges of economic sanctions violations. It's the largest such fine ever imposed by the U.S. The bank will plead guilty to two criminal charges. It was accused of helping clients in Sudan, Cuba and Iran conduct business in the United States. NPR's Jim Zarroli reports.

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Law
2:07 pm
Mon June 23, 2014

U.S. Tip-Toes Closer To Unprecedented Fine On French Banking Giant

Originally published on Mon June 23, 2014 6:07 pm

Transcript

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U.S. officials are close to a multibillion-dollar settlement with the giant, French bank BNP Pariba over allegations of sanctions violations. The bank is expected to admit that its affiliates did business with countries subject to U.S. economic sanctions - Sudan, Cuba and Iran. NPR's Jim Zarroli reports.

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