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
4:26 pm
Thu February 12, 2015

Obama's Plan To Tax Overseas Earnings Draws Scrutiny

Originally published on Sun February 15, 2015 10:01 am

American companies have about $2 trillion in overseas accounts — money they could be using to hire workers and pay dividends in the United States. But they're reluctant to do so, in part because of the way the U.S. tax system works.

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Business
2:48 pm
Mon February 9, 2015

Document Leak Reveals Secret Swiss Bank Accounts

Originally published on Mon February 9, 2015 4:27 pm

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Business
11:47 pm
Sun February 8, 2015

Leaked HSBC Documents Shed Light On Swiss Banking Industry

Kirsty Wigglesworth AP

Originally published on Mon February 9, 2015 2:59 pm

A huge trove of leaked documents is shedding new light on the secretive Swiss banking industry.

The documents were downloaded by a former computer security expert at the giant bank HSBC, and they were released over the weekend by the International Consortium of Investigative Journalists.

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Business
2:37 pm
Tue February 3, 2015

Standard & Poor's To Pay Over $1 Billion In Legal Settlement

Originally published on Tue February 3, 2015 4:28 pm

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Law
10:27 am
Tue February 3, 2015

Justice Dept. Settles S&P Lawsuit

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Business
4:10 pm
Thu January 29, 2015

Some Businesses Say Immigrant Workers Are Harder To Find

Fieldale Farms in Gainesville, Ga., says it can't keep enough workers to meet demand for its poultry products, despite paying $16 per hour plus benefits.
Jim Zarroli NPR

Originally published on Fri January 30, 2015 8:07 am

At Fieldale Farms in Gainesville, Ga., workers cut up chicken breasts and feed the parts into machines. The pieces are then marinated, breaded and eventually sold to restaurants.

The work here can be physically demanding. Not a lot of people want to do it — even though the average wage here is $16 per hour plus benefits.

Tom Hensley, the company president, says Fieldale Farms hires just about anyone who can pass a drug test.

"We hire 100 people a week. Because we have 100 people who quit every week, out of 5,000 employees," he says. "We're constantly short."

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News
4:01 pm
Fri January 23, 2015

Auto Loan Surge Fuels Fears Of Another Subprime Crisis

Auto dealers are extending loans to a growing number of people with weak credit.
Joe Raedle Getty Images

Originally published on Tue February 3, 2015 1:41 pm

The number of Americans buying autos approached a record high last year. It's one more sign of how much the economy is improving.

But there's a big potential downside that's evoking comparisons to the subprime mortgage boom. Auto dealers are extending loans to a growing number of people with weak credit, and more of them are having trouble making payments.

When Chris Westervelt moved from Texas to Alaska to take a job, he decided to trade in his Mazda for a car that could handle snow and ice.

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Law
2:26 pm
Wed January 21, 2015

Standard & Poor's Settles In SEC Ratings Fraud Case

Originally published on Wed January 21, 2015 5:00 pm

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

Economy
2:58 pm
Wed January 7, 2015

Euro Falls To 9-Year Low Against U.S. Dollar

Originally published on Wed January 7, 2015 4:17 pm

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All Tech Considered
4:37 pm
Mon January 5, 2015

U.S. Credit Cards Tackle Fraud With Embedded Chips, But No PINs

To protect against fraud, U.S. banks will be issuing credit cards with small computer chips. But some experts say using a PIN to complete a transaction is more secure than a signature.
iStockphoto

Originally published on Tue January 6, 2015 9:00 am

This year, there will be an important change in the way Americans use their credit cards. More banks will be issuing cards with small computer chips, a move they say will protect against credit card fraud.

But banks are stopping short of another step that will make credit card usage even safer. And a lot of retailers aren't too happy about it.

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Parallels
1:22 am
Wed December 31, 2014

Sanctions Intensify Russia's Free Fall Into Economic Crisis

President Vladimir Putin speaks in Moscow on Dec. 23. Russia's current economic crisis stems from Western sanctions and diving oil prices.
Maxim Shipenkov AFP/Getty Images

Originally published on Wed December 31, 2014 9:39 am

A year ago, Russia's economy was riding high. Today, the country is widely thought to be entering a recession, if it's not already there.

The plunge in oil prices has been the main culprit, but Russia's economy has had trouble regaining its footing because of sanctions imposed by the West after the annexation of Crimea. President Obama and other Western leaders were quick to condemn Russia when it annexed the Crimean Peninsula last March, and they struggled to find a way to show their outrage.

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Economy
4:32 pm
Thu December 18, 2014

Opportunity, Caution Seen For U.S. Banks As Cuba Rules Ease

President Obama announces changes to U.S. policy on Cuba, including relaxing restrictions on U.S. banking in the country, in Washington, D.C. on Wednesday.
Doug Mills / Pool EPA/Landov

Among the changes to U.S. restrictions on Cuba President Obama announced Wednesday was a relaxation of the rules barring U.S. banks from doing business there.

Americans traveling in Cuba will now be able to use their credit cards and ATM cards, but many U.S. banks see the new rules as something of a legal minefield.

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Economy
1:36 am
Tue December 16, 2014

'Reshoring' Trend Has Little Impact On U.S. Economy, Study Finds

An "Assembled in the USA" stamp is seen at the side of a box containing a 32-inch television set May 29 in the warehouse of Element Electronics, in Winnsboro, S.C. For the phenomenon of "reshoring," or bringing overseas jobs back to the United States, the electronics sector has been a leader.
Chris Keane Reuters/Landov

Originally published on Sun January 4, 2015 2:13 pm

A report on the phenomenon known as "reshoring" — the opposite of offshoring — shows that while a growing number of companies are returning to the United States to do their manufacturing, the trend is smaller and less significant to the economy than it appears.

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Your Money
1:30 am
Mon December 15, 2014

Lockheed Martin Case Puts 401(k) Plans On Trial

Aerospace giant Lockheed Martin is being sued for choosing retirement funds that shortchanged its employees and charged high fees.
Peter Macdiarmid Getty Images

Originally published on Mon December 15, 2014 5:16 am

A trial gets under way in St. Louis on Monday that could have a big impact on the way companies select 401(k) plans for their employees.

Lockheed Martin is being sued for choosing retirement funds that shortchanged its employees and charged high fees. The case tests the limits of a company's responsibilities to its employees at a time when 401(k) plans have become a central part of the nation's retirement system.

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Business
3:01 am
Fri November 21, 2014

Senate Panel Probes Fed's Oversight Of Commodity Trading

Originally published on Fri November 21, 2014 10:46 am

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ARUN RATH, HOST:

Wall Street bankers faced questions before Congress yesterday.

STEVE INSKEEP, HOST:

They're executives from Goldman Sachs, Morgan Stanley and JPMorgan Chase.

RATH: And they defended their banks in front of a Senate investigator.

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Business
2:24 pm
Wed November 19, 2014

1 Million American Pension Plans Could Be Insolvent In 10 Years

Originally published on Wed November 19, 2014 4:16 pm

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Business
4:36 am
Wed November 19, 2014

Justice Department Charges Georgia Debt Collector With Fraud

Originally published on Thu November 20, 2014 9:50 pm

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Business
2:21 pm
Wed November 5, 2014

Business Leaders Hope Shifts In Congress Will Bring Tax Reform

Originally published on Thu November 6, 2014 8:23 am

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Parallels
2:57 am
Fri October 31, 2014

Why Deflation Is Such A Big Worry For Europe

A farmer protesting falling prices dumps cauliflower in front of the prefecture building of Saint-Brieuc in northwestern France as police look on Sept. 24.
Fred Tanneau AFP/Getty Images

Originally published on Fri October 31, 2014 8:46 am

Growth is slowing all over the world right now, and that's especially true in Europe. Much of the continent is on the brink of another recession, and even the German economy is sputtering to a halt.

Some of the weakest countries, such as Spain and Italy, are actually experiencing deflation — a broad drop in incomes and asset values. It's a painful process that can be hard to reverse once it starts.

Europe's long, slow economic downturn has taken its toll on Javier Oroz Rodriguez, who owns a butcher shop in downtown Madrid.

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Economy
2:04 pm
Fri October 17, 2014

Drop In Unemployment Raises Debate On Optimal Rate

A notice in a store window in New York City announces a retail job opening. Now that unemployment has slipped below 6 percent, there's renewed interest in what the Federal Reserve's target for joblessness should be.
Spencer Platt Getty Images

Originally published on Fri October 17, 2014 4:26 pm

The U.S. unemployment rate has been falling steadily over the years. Down from the recession peak of 10 percent in 2009, it reached 5.9 percent in September.

That's getting close to what economists call the natural unemployment rate — the normal level of joblessness you'd expect in a healthy economy.

But a lot of economists are asking whether the old rules about full employment still apply.

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Economy
2:51 pm
Wed October 15, 2014

Turmoil Continues In Financial Markets As Dow Plunges

A trader works on the floor of the New York Stock Exchange on Wednesday. Stocks took a beating, with key indexes falling more than 2 percent before bouncing back slightly.
Spencer Platt Getty Images

Originally published on Wed October 15, 2014 5:54 pm

It was another stomach-churning day on Wall Street. At one point, the Dow industrials were down 460 points — a huge drop that followed four consecutive days of stock market losses.

The decline more than wiped out the year's gains. But then late in the trading day, tocks started to recover. And by the close, the Dow's loss was a little more than 1 percent.

Investors are worried about a global economic slowdown, the Federal Reserve's next move and even the Ebola virus.

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Economy
5:42 am
Mon October 13, 2014

French Economist Wins Nobel For Market Power And Regulation Research

Originally published on Mon October 13, 2014 7:42 am

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Business
2:23 pm
Thu October 9, 2014

Stock Market Has Wild Week Of Ups And Downs

Originally published on Thu October 9, 2014 4:28 pm

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

Law
2:34 pm
Tue September 30, 2014

Six Years After Financial Crisis, Litigation Carries On With AIG Suit

Originally published on Tue September 30, 2014 4:46 pm

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

Law
3:06 am
Tue September 30, 2014

U.S. Judge Holds Argentina In Contempt After Debt Default

Originally published on Tue September 30, 2014 11:46 am

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Business
2:27 pm
Wed September 24, 2014

New Treasury Rules May Slow, But Not Stop, Corporate Inversions

Originally published on Fri September 26, 2014 9:12 am

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Business
3:07 am
Tue September 23, 2014

Treasury Announces Steps To Reduce Corporate Tax Dodges

Originally published on Tue September 23, 2014 11:20 am

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

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/.

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