Chris Arnold

NPR correspondent Chris Arnold is based in Boston. His reports are heard regularly on NPR's award-winning newsmagazines Morning Edition, All Things Considered and Weekend Edition. He joined NPR in 1996, and was based in San Francisco before moving to Boston in 2001.

In recent years, Arnold has spent much of his time reporting on the financial crisis, its aftermath, and the U.S. economy's ongoing recovery. He has focused on the housing bubble and its collapse. And he's reported on problems within the nation's largest banks that have led to the banks improperly foreclosing on thousands of American homeowners. For this work, Arnold earned a 2011 Edward R. Murrow Award for the special series, The Foreclosure Nightmare. He's also been honored with the Newspaper Guild's 2009 Heywood Broun Award for broadcast journalism. He was chosen by the Scripps Howard Foundation as a finalist for their National Journalism Award, and he won an Excellence in Financial Journalism Award from N.Y. State's society for CPA's.

Arnold is also reporting on the now government-owned mortgage giants Fannie Mae and Freddie Mac. In a series of stories in partnership with ProPublica, Arnold exposed investments at Freddie Mac that raised serious concerns about a conflict of interest between Fannie and Freddie's massive investment portfolios, and their mission to make home ownership more affordable. The stories generated widespread attention, and led to calls for an investigation by members of Congress.

Arnold was recently honored with a Nieman Journalism Fellowship at Harvard University during the 2012-2013 academic year. He joined a small group of other journalists from the U.S. and abroad and studied, among other things, economics and the future of home ownership in America.

Prior to that, Arnold covered a range of other subjects for NPR – from Katrina recovery in New Orleans and the Gulf Coast, to immigrant workers in the fishing industry, to a new kind of table saw that won't cut your fingers off. He traveled to Turin, Italy, for NPR's coverage of the 2006 Winter Olympics. He has also followed the dramatic rise in the numbers of teenagers abusing the powerful and highly addictive painkiller Oxycontin – more than 1 out of 20 high school seniors report using the drug.

In the days and months following the Sept. 11, 2001, attacks, Arnold reported from New York and contributed to the NPR coverage that won the Overseas Press Club and the George Foster Peabody Awards. He chronicled the recovery effort at Ground Zero, focusing on members of the Port Authority Police department, as they struggled with the deaths of 37 officers - the greatest loss of any police department in U.S. history.

Prior to his move to Boston, Arnold traveled the country for NPR doing feature stories on entrepreneurship. His pieces covered technologists, farmers, and family business owners. He also reported on efforts to kindle entrepreneurship in economically disadvantaged areas ranging from inner-city Los Angeles to the Pine Ridge Indian reservation in South Dakota.

Arnold has worked in public radio since 1993. Before joining NPR, he was a freelance reporter working out of San Francisco's NPR Member Station, KQED.

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5:20am

Wed January 1, 2014
Economy

Home Prices Mark Biggest Gains Since 2006

Originally published on Wed January 1, 2014 11:42 am

Transcript

RENEE MONTAGNE, HOST:

And before the ball dropped in Times Square last night, new numbers came out on the housing market, and they showed the past year saw the biggest gains in home prices since 2006.

NPR's Chris Arnold reports.

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5:29am

Fri December 27, 2013
Business

Cars Are Next Frontier For Sharing Services

Originally published on Fri December 27, 2013 9:57 am

Kevin Petrovic, 19, and his business partner, who's also 19, raised about $6 million from venture capitalists in Silicon Valley to launch FlightCar. The company is trying to make its mark with car-sharing for travelers.
Chris Arnold NPR

Following the popularity of companies like Airbnb, which rent out a client's house or apartment to people visiting the area, more companies are trying the idea with cars. Companies like Uber help find someone to drive you around like a taxi. Another will let you rent out your car like a Zipcar while you're at work.

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4:36pm

Thu December 26, 2013
Economy

Manufacturing 2.0: Old Industry Creating New High-Tech Jobs

Originally published on Thu December 26, 2013 6:07 pm

Unlike the smoky, eardrum-damaging factories of yesterday, today's manufacturing is going high-tech. That can mean more robots and automated machines than workers. But companies like Machine Inc. in Stoughton, Mass., are still growing and hiring.
Chris Arnold NPR

As the U.S. economy continues to recover, it has been getting some help from an unexpected place. After decades of massive job losses, manufacturing firms have been steadily creating jobs — many of them well-paying. One particularly bright spot is a new generation of high-tech manufacturers.

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9:01am

Fri December 13, 2013
Economy

Mel Watt: A New Captain For America's Housing Market

Originally published on Fri December 13, 2013 12:19 pm

Rep. Mel Watt, D-N.C., listens as President Obama announces his nomination to head the Federal Housing Finance Agency. Watt was nominated in May, but Republicans blocked his confirmation until this week.
Jacquelyn Martin AP

Seven months after his was nominated, the U.S. Senate this week confirmed former Rep. Mel Watt, D-N.C., to head the agency that oversees Fannie Mae and Freddie Mac, the giant companies that control much of the mortgage market.

The vote occurred after Democrats changed the rules on filibusters — now the Senate can confirm presidential nominees with a simple majority.

For people who watch the U.S. housing market, Watt's confirmation is a very big deal that could mean easier credit.

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5:01am

Thu December 5, 2013
Economy

Pressure Mounts On Fast-Food Industry To Pay Workers More

Originally published on Thu December 5, 2013 4:05 pm

Transcript

RENEE MONTAGNE, HOST:

It's MORNING EDITION, from NPR News. Good morning. I'm Renee Montagne.

STEVE INSKEEP, HOST:

And I'm Steve Inskeep.

Protests are planned at fast-food chain restaurants 100 American cities today. Unions are staging these protests as part of a campaign to press the industry to pay more than the minimum wage. In fact, organizers are calling for $15 per hour. In some cases, that would double the pay that workers get now, and the industry appears unlikely to do that voluntarily.

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1:28pm

Fri November 29, 2013
The Two-Way

Photos: Comet ISON May Have Survived Its Blistering Encounter

Originally published on Fri November 29, 2013 4:29 pm

A view from NASA shows the Comet ISON streaming toward the sun (right) then emerging from the other side, dimmed.
ESA/NASA/SOHO/Jhelioviewer

The Comet ISON appears to have survived after disappearing and being thought dead. New NASA photos show the comet emerging from behind the sun smaller and dimmer, but still throwing a big light trail.

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3:20am

Wed November 27, 2013
Shots - Health News

To Changing Landscape, Add Private Health Care Exchanges

Originally published on Wed November 27, 2013 11:30 am

www.delightimages.com iStockphoto

We've been reporting a lot lately on the troubled rollout of President Obama's signature health care law. But at the same time, there are rumblings of a major shift in the way companies offer private health insurance to workers.

It involves what are called "private health care exchanges." These are similar to — but completely separate from — the public exchanges you've heard so much about.

Some experts say this new approach soon could change how millions of Americans receive their health care.

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5:16am

Wed November 20, 2013
Business

DOJ Signals JPMorgan Deal Could Be Model For Other Cases

Originally published on Wed November 20, 2013 7:34 am

The Justice Department on Tuesday announced a landmark $13 billion settlement with JPMorgan Chase. That's the largest settlement the federal government has ever made with a single company. It's three times the BP Deepwater Horizon Oil Spill settlement.

4:37pm

Wed November 13, 2013
Shots - Health News

Can Young People Get Obamacare For $50 A Month? Sometimes

Originally published on Thu November 14, 2013 2:56 pm

President Barack Obama speaks in Boston about the Affordable Care Act. Obama and his supporters have often said the health care law would allow half of single Americans under 35 to get insurance for less than $50 a month.
Stephan Savoia AP

For Obamacare to succeed, it's crucial for young people to sign up.

Healthy young Americans need to pay into the insurance system to help cover the costs for older, sicker people.

So the White House is reaching out. Its website sent emails to subscribers with a big, orange graphic that says half of young people can get coverage for $50 a month or less.

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7:14am

Sat November 9, 2013
Economy

Job Creation Surpasses Expectations

Originally published on Sat November 9, 2013 11:24 am

The U.S. economy gained 204,000 jobs in October, nearly twice what most economists predicted. The unemployment rate figure went up, but that number was distorted because the Labor Department did its sampling during the federal government shutdown.

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