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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Economy
9:17 am
Thu July 2, 2015

In June Jobs Report, Positive Numbers Belie Frustrations Beneath Surface

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Economy
12:22 am
Thu July 2, 2015

Jobs Report Expected To Show 'Stronger Momentum' In Economy

Originally published on Thu July 2, 2015 6:16 am

Economists surveyed by Reuters are predicting that employers added about 230,000 jobs to their payrolls in June. That's less than the month before but still a pretty strong showing.

Because of the Independence Day holiday, the unemployment report is being released on Thursday at 8:30 a.m. ET. It is normally issued on a Friday.

The U.S. economy slowed a lot over the winter, but as the weather has improved so has the job market. On Wednesday, the payroll processing company ADP said private employers added about 237,000 jobs in June — the biggest gain since December.

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Europe
3:29 pm
Tue June 30, 2015

How Default Could Push Greece Out Of The Eurozone

People wait in line to withdraw euros from an ATM after Greece closed its banks Monday in Athens.
Milos Bicanski Getty Images

Originally published on Tue June 30, 2015 5:39 pm

This story was updated at 7 p.m. ET.

The deadline passed Tuesday evening for Greece to make a key loan payment to the International Monetary Fund — putting it a step closer toward quitting the euro.

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Latin America
3:25 pm
Mon June 29, 2015

Like Greece, Cash-Strapped Puerto Rico Needs A Fiscal Lifeline

Originally published on Tue June 30, 2015 3:52 am

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The Two-Way
9:35 pm
Sun June 28, 2015

Economic Crisis Looms For Puerto Rico, Report Says

Puerto Rico Gov. Alejandro Garcia Padilla in April delivered his budget address for the next fiscal year at the Capitol building in San Juan.
Ricardo Arduengo AP

Originally published on Mon June 29, 2015 4:46 pm

A report obtained by NPR paints a bleak portrait of Puerto Rico's economic future, saying its deficit is much larger than previously thought.

"Puerto Rico faces hard times," says the report which was commissioned by the Government Development Bank and written by three former and current International Monetary Fund economists. It is to be released on Monday.

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The Salt
4:41 pm
Tue June 23, 2015

As Tastes Shift, Food Giant General Mills Gets A Makeover

Product developer Erin Schutt was part of a team that came up with a new line of frozen vegetables for General Mills' Green Giant brand.
Jim Zarroli NPR

Originally published on Fri June 26, 2015 12:54 pm

It's not just the Lucky Charms that are getting a makeover at General Mills. The company's announcement Monday that it is removing artificial colors and flavors from its cereal line is part of a much bigger overhaul at the food giant.

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Europe
3:40 pm
Mon June 22, 2015

EU Leaders Consider Economic Reform Proposal To Prevent Greek Default

Originally published on Mon June 22, 2015 8:32 pm

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Economy
2:59 am
Mon June 22, 2015

Summit To Concentrate On Greece's Impending Deadline To Repay IMF Loan

Demonstrators hold flags and banners during a protest march in solidarity with Greece in Brussels on Sunday. Heads of state in the eurozone will meet in Brussels on Monday for a special summit to discuss the financial crisis with Greece.
Virginia Mayo AP

Originally published on Mon June 22, 2015 4:54 pm

European leaders hold an emergency summit in Brussels on Monday in an effort to prevent Greece from defaulting on its debts. Greece owes the International Monetary Fund $1.8 billion by the end of this month, and it needs Europe's help to make the payment. But the Athens government is refusing to commit to an economic overhaul package that officials are demanding.

Greece has come close to default many times before — only to work out a last-minute compromise with its creditors. This time, though, it faces much longer odds.

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Europe
3:11 pm
Sun June 21, 2015

Will Monday's Greek Debt Talks Result In A Deal?

Originally published on Sun June 21, 2015 4:18 pm

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U.S.
4:47 pm
Thu June 11, 2015

U.S. Export-Import Bank Targeted By Conservatives

A Boeing 737 at the company's factory in Renton, Wash. Foreign airlines that want to buy Boeing planes often do so with loans underwritten by the Export-Import Bank.
Saul Loeb AP

Originally published on Thu June 11, 2015 5:48 pm

Republicans are often seen as the party of business. So it's a little ironic that some of the most vocal opposition to the Export-Import Bank comes from conservative Republicans, such as Ohio Rep. Jim Jordan.

"If we're ever going to get rid of all the corporate connectedness, all the corporate welfare, you've got to start with the most egregious one and the most obvious one and that's the Export-Import Bank," he says.

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Business
3:27 pm
Tue May 26, 2015

Charter Communications To Buy Time Warner Cable For $55 Billion

Originally published on Wed May 27, 2015 4:17 am

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Economy
2:37 pm
Wed May 20, 2015

Major Banks Agree To Pay More Than $5 Billion Over Currency Fixing

Originally published on Wed May 20, 2015 5:17 pm

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Law
9:15 am
Wed May 20, 2015

'Cartel' Of 4 Big Banks To Plead Guilty To Gaming The Exchange Rate

Originally published on Wed May 20, 2015 10:09 am

Four major banks — Citicorp, JPMorgan Chase, Barclays and the Royal Bank of Scotland — have agreed to plead guilty to currency manipulation and pay over $5 billion in fines. Officials say that traders from the banks, who allegedly called themselves "the cartel," used secret codes to manipulate the exchange rate between U.S. dollars and Euros. Meanwhile, the Justice Department has taken the unusual step of tossing out what's called a deferred prosecution agreement against a fifth bank.

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Business
3:16 am
Fri May 15, 2015

SEC Investigates Bogus Bid For Avon

Originally published on Fri May 15, 2015 5:57 am

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Business
2:57 pm
Tue May 12, 2015

Verizon Buys AOL In $4.4 Billion Deal

Originally published on Tue May 12, 2015 5:22 pm

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Business
7:33 am
Tue May 12, 2015

Verizon Acquires AOL For $4.4 Billion

Originally published on Tue May 12, 2015 8:11 am

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Business
2:30 pm
Thu May 7, 2015

Whole Foods To Open Lower-Cost Stores For Millennials

Originally published on Thu May 7, 2015 5:28 pm

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All Tech Considered
2:29 pm
Fri May 1, 2015

The Annual Shareholders' Meeting Will Now Come To Order Online

Dynegy is one of a growing number of companies to hold meetings online.
Dynegy/Broadridge

Originally published on Fri May 1, 2015 7:18 pm

The annual meeting is a staple of corporate life. It's a chance for even a small shareholder to take the measure of a company's managers, to ask a question or express a beef about a company actions.

But here's the dirty secret about shareholder meetings: Unless the company is huge or there's some controversy going on, hardly anyone shows up.

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Business
2:58 pm
Wed April 29, 2015

SEC Proposes New Rules For Linking Executive Pay With Firm Performance

Originally published on Wed April 29, 2015 5:05 pm

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Business
7:33 am
Sat April 25, 2015

Who, Or What, Crashed The Market In A Flash In 2010?

A reporter stands outside the front door of a house registered to a trading company operated by Navinder Singh Sarao in Hounslow, west of London. on April 22, 2015. Sarao was arrested in connection with the Wall Street flash crash of 2010.
Adrian Dennis AFP/Getty Images

Originally published on Mon April 27, 2015 12:15 pm

It has been five years since the so-called flash crash on Wall Street raised big questions about computerized trading. What caused the flash crash has been a topic of debate ever since. U.S. officials revived the debate this week by arresting a little-known trader in London.

May 6, 2010 started out as an ordinary trading day on Wall Street. Then, at around 2:45 in the afternoon, the Dow Jones Industrial Average plunged nearly 600 points within the space of a few minutes, before correcting itself.

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Business
2:31 pm
Wed April 22, 2015

Comcast, Time Warner Push For Merger Approval Amid Opposition

Federal regulators are considering whether to approve the proposed $45 billion merger of Comcast and Time Warner Cable.
Joe Raedle Getty Images

Originally published on Thu April 23, 2015 6:17 am

Officials of Comcast and Time Warner Cable met Wednesday with federal regulators to discuss the companies' proposed $45 billion merger. The deal would create a single company that would control large parts of the cable TV and broadband Internet markets.

A published report said recently that Justice Department staff members have decided to oppose the deal on antitrust grounds. But company officials are using a lot of firepower to get the deal approved.

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Europe
5:47 am
Sun April 19, 2015

Greece Risks Losing Future Bailout Funds

Originally published on Sun April 19, 2015 9:00 am

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Economy
2:21 pm
Thu April 16, 2015

New Asian Development Bank Seen As Sign Of China's Growing Influence

Chinese Finance Minister Lou Jiwei (left) speaks during the signing ceremony of the Asian Infrastructure Investment Bank, Oct. 24, in Beijing.
Getty Images

Originally published on Thu April 16, 2015 10:54 pm

China says 57 countries have signed on as charter members of the new China-backed Asian Infrastructure Investment Bank. They include some of the United States' closest allies, which added their names despite pressure from the White House not to join.

The Obama administration is concerned the new bank will compete with Western-led institutions like the World Bank and the International Monetary Fund, but leaders of those institutions don't seem to be worried.

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Business
2:13 pm
Wed April 8, 2015

Shell's Big Deal Could Shift Global Landscape Of Gas Business

Originally published on Wed April 8, 2015 4:23 pm

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Business
3:07 am
Thu April 2, 2015

Arkansas Governor Asks Lawmakers To Rework Religious Liberty Bill

Originally published on Thu April 2, 2015 8:08 am

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Asia
5:39 am
Sun March 29, 2015

How Singapore Became One Of The Richest Places On Earth

A couple enjoys the view of Singapore's financial center. Conservatives saw Singapore as a free-market success story, but Lee Kuan Yew's government played a big role in the economy.
Wong Maye-E AP

Originally published on Sun March 29, 2015 8:33 am

Singapore has been called the 20th century's most successful development story.

"I don't think any other economy," says Linda Lim, an economist at the University of Michigan, "even the other Asian tigers, have that a good a statistical record of rapid growth, full employment, with very good social indicators — life expectancy, education, housing, etc. — in the first 20 years," she says.

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Business
2:39 pm
Wed March 25, 2015

Kraft, Heinz Merger Brings Together Famous Food Brands

Originally published on Wed March 25, 2015 6:00 pm

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Business
1:41 am
Tue March 24, 2015

For Banks 'Too Big To Jail,' Prosecutors Count On A Promise To Behave

The logo of Swiss bank UBS is seen at the company's headquarters in Zurich. U.S. officials are investigating whether UBS and Barclays manipulated currency rates at a time when they were already operating under a deferred prosecution agreement for manipulating interest rates.
Arnd Wiegmann Reuters/Landov

Originally published on Tue March 24, 2015 12:49 pm

Last week, a top Justice Department official issued a tough warning to banks and other corporations that repeatedly commit crimes. She said U.S. officials could do away with their deferred-prosecution agreements.

Such deals allow companies that have broken the law to escape criminal convictions by promising to clean up their act. A new book looks at the role these agreements play in the corporate world.

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Business
4:05 pm
Fri March 13, 2015

Lumber Liquidators Defends Its Products After '60 Minutes' Report

A man walks past a Lumber Liquidators store in Philadelphia. The retailer says it stands by its products and will pay for the safety testing of laminate floors.
Matt Slocum AP

Originally published on Fri March 13, 2015 6:00 pm

Earlier this month, the flooring retailer Lumber Liquidators got the kind of attention companies dread. CBS' 60 Minutes did a story saying the company's products have unsafe levels of formaldehyde, a known carcinogen.

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Business
2:54 pm
Wed March 11, 2015

Targeting Unions: Right-To-Work Movement Bolstered By Wisconsin

Wisconsin Gov. Scott Walker became a Republican political star by taking on his state's public employee unions. This week he signed a bill that would weaken private-sector unions.
Cliff Owen AP

Originally published on Wed March 11, 2015 8:40 pm

This week, Wisconsin became the nation's 25th right-to-work state. It passed a law saying workers cannot be forced to join labor unions, or pay union dues, to keep a job.

There's a concerted effort in many states to pass laws that would weaken the power of labor unions. But unions and their allies are also fighting back in many places.

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