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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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Under Armour founder and CEO Kevin Plank set off a social media firestorm last February when he voiced some overly positive words about the new administration of President Trump.

"To have such a pro-business president is something that's a real asset for this country. I think people should really grab that opportunity," said Plank, whose company makes sports apparel.

Updated at 10:35 p.m. ET

President Trump on Monday authorized his top trade official to look into whether China is guilty of intellectual property theft, a move that could eventually lead to trade sanctions.

Trump called his action "a very big move" against practices that cost our nation "millions of jobs and billions and billions of dollars each and every year."

When Donald Trump was running for president last year, he never failed to portray the U.S. economy in the direst terms, with sky-high jobless rates, an anemic manufacturing sector and huge trade deficits as far as the eye could see.

"Look, our country is stagnant. We've lost our jobs. We've lost our businesses. We're not making things anymore, relatively speaking," he said during one of the presidential debates.

What a difference an election makes.

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The Dow Jones Industrial Average broke through another big milestone today, finishing above 22,000 for the first time in history. The surge comes at a time when unemployment is low and confidence in the economy is high. NPR's Jim Zarroli reports.

The Dow Jones industrial average finished above 22,000 for the first time, buoyed by higher corporate profits and low unemployment.

The Dow, the most widely cited stock index in the world, closed Wednesday at a record of 22,016. It is now up 11 percent for the year and more than 20 percent since President Trump's election in November.

"Earnings are growing and are growing faster than anybody thought. That alone will drive stock prices up," says Brad McMillan, chief financial officer at Commonwealth Financial Network.

Defending President Trump on television is giving longtime conservative lawyer Jay Sekulow new prominence these days, but it's also reviving questions about a pair of charities he is involved with.

Sekulow, 61, who appeared on all five Sunday morning news shows over the weekend to address questions about Trump's ties to Russia, is a fixture in the Christian conservative movement, serving as chief counsel of the American Center for Law and Justice.

The political bomb that went off recently when Donald Trump Jr. revealed he met with a Kremlin-connected lawyer in hopes of getting damaging information about Hillary Clinton has raised new questions about the Trump family's connections to Russia.

And investigators are looking for clues in what might seem like an unlikely place: the glitzy November 2013 Miss Universe pageant in Moscow.

In November 2013, Donald Trump took the Miss Universe pageant to Moscow, bringing his trademark glitz and glamour to a country that had never hosted a major beauty contest.

Trump later boasted that he met a lot of important people at the pageant. They included the billionaire real estate tycoon Aras Agalarov, who is now figuring prominently in the investigations into the Trump campaign's ties to Russia. Here is a look back at how the Miss Universe contest came together and what happened there.

Last June's meeting between Donald Trump Jr. and a Russian lawyer with Kremlin connections was arranged by a colorful British-born music promoter with ties to the son of a Azerbaijan-born billionaire.

In the early 1950s, sportswriter Steve Rushin's hometown of Bloomington, Minn., had a population of just 9,902. Within a decade, it had exploded to more than 50,000, becoming the kind of booming American suburb where families were large and life centered on school, church and sports.

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A firm headed by Paul Manafort, who served as President Trump's campaign manager last year, made more than $17 million in two years working for the pro-Russia political party that controlled Ukraine's government, according to documents filed late Tuesday.

Manafort, who resigned from Trump's campaign last August after his work for Ukrainian interests came under scrutiny, has registered as a foreign agent with the U.S. Justice Department, as did his deputy, Rick Gates.

In ordinary times, New York-based Vornado Realty Trust would be a natural candidate to take on a major construction project such as the long-awaited rebuilding of FBI headquarters.

As with so much about the Trump era, however, the ordinary rules don't apply.

A commercial real estate firm, Vornado is widely reported to be a finalist to build a new campus for the FBI somewhere in the suburbs of Washington, D.C. But its financial ties to President Trump are raising concerns about conflicts of interest.

Although President Trump has had a troubled relationship with big commercial lenders over the years, financial disclosure forms filed recently suggest he is still able to borrow money when he needs it.

While Trump's debts appear to be easily outweighed by his assets, government ethics experts say any sizable debt represents a potential conflict of interest for a president.

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We're getting another small clue about President Trump's overall financial picture after the president released some disclosure forms late last week. What did they say? Here's NPR's Jim Zarroli.

With an unusually public persona for a Russian businessman, Oleg Deripaska may be getting more attention than he bargained for because of his onetime ties to former Trump campaign manager Paul Manafort.

Deripaska, a 49-year-old metals giant from Dzerzhinsk, not only appears occasionally on television to discuss business trends, he has his own website devoted to his career, his philanthropic interests and his commercial activities.

When a Bangladeshi factory building collapsed in 2013, killing more than 1,100 people, big-name retailers from Europe and North America suddenly found themselves facing a crisis that threatened their carefully tended public images.

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When Robert Mercer accepted a lifetime achievement award from a technology group in 2014, the Renaissance Technologies co-CEO summed up his career modestly.

"What I am is simply a computer programmer," he told the crowd.

In fact, both professionally and politically, Mercer is much more than that.

At 70, Mercer is an American success story, having helped turn Renaissance into one of the most profitable hedge funds in the world, and by all accounts becoming very rich in the process.

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Saudi Arabia and the United Arab Emirates will donate a combined $100 million to a World Bank fund for women entrepreneurs that was the brainchild of Ivanka Trump.

The announcement by World Bank President Jim Young Kim came during a visit to Saudi Arabia by President Trump, who was accompanied by his wife, Melania, daughter Ivanka and son-in-law, Jared Kushner.

For a young Donald Trump in the 1970s, the Grand Hyatt hotel on East 42nd Street was his first major development project, a chance to make a splash in the big-time world of New York City real estate.

Yet the glitzy glass-fronted hotel never would have been possible without an almost unprecedented 40-year tax abatement from the city, which was then recovering from a painful fiscal crisis.

Investigators looking into the Trump campaign's ties to Russia will be able to pursue leads by tapping into a huge database of suspicious financial transactions maintained by the federal government.

Under the Bank Secrecy Act, financial institutions operating in the U.S. are supposed to inform the Treasury Department's Financial Crimes Enforcement Network, or FinCEN, when they see transactions that indicate possible money laundering, such as all-cash purchases of expensive real estate.

President Trump is preparing to overhaul the nation's tax code, and at least some of the coming changes could benefit his own bottom line. Critics say voters should be able to see just how much help the president might get from a revised tax code, so they are stepping up efforts to force him to share his tax returns.

Seeing the returns would reveal some key facts about the president's finances, says Noah Bookbinder, executive director of Citizens for Responsibility and Ethics in Washington, or CREW.

Ordinary folks can fly from the Washington, D.C., area to southeast Florida for $200-300 round-trip, if they book in advance. For the president, the trip is a little more costly.

Exactly how much is not currently public, though. The conservative group Judicial Watch, which has been tracking the cost of presidential travel for several years, estimates that President Trump's frequent visits to his Palm Beach resort Mar-a-Lago probably cost the government around $1 million each.

The Trump Organization is shutting down its New York-based modeling agency.

A statement released by the company said it was "choosing to exit the modeling industry."

"While we enjoyed many years of success, we are focussed on our core business in the real estate and golf industries and the rapid expansion of our hospitality division," the statement said.

Started in 1999, Trump Model Management was part of Trump's eclectic array of businesses, though it was never as visible as some of the others and didn't play a major role in the fashion business.

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