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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6:32pm

Thu December 18, 2014
Economy

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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3:36am

Tue December 16, 2014
Economy

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

Originally published on Thu December 18, 2014 6:27 pm

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

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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3:30am

Mon December 15, 2014
Your Money

Lockheed Martin Case Puts 401(k) Plans On Trial

Originally published on Mon December 15, 2014 7:16 am

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

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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5:15am

Thu December 11, 2014
Politics

Pension Deal In Spending Bill Will Cut Benefits Before Safety Net Fails

Originally published on Thu December 11, 2014 8:13 am

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

Transcript

STEVE INSKEEP, HOST:

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5:08am

Fri November 21, 2014
Business

Senate Panel Probes Fed's Oversight Of Commodity Trading

Originally published on Fri November 21, 2014 12:46 pm

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

Transcript

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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4:27pm

Wed November 19, 2014
Business

1 Million American Pension Plans Could Be Insolvent In 10 Years

Originally published on Wed November 19, 2014 6:16 pm

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

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ROBERT SIEGEL, HOST:

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6:36am

Wed November 19, 2014
Business

Justice Department Charges Georgia Debt Collector With Fraud

Originally published on Thu November 20, 2014 11:50 pm

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

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RENEE MONTAGNE, HOST:

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4:21pm

Wed November 5, 2014
Business

Business Leaders Hope Shifts In Congress Will Bring Tax Reform

Originally published on Thu November 6, 2014 10:23 am

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

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MELISSA BLOCK, HOST:

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4:57am

Fri October 31, 2014
Parallels

Why Deflation Is Such A Big Worry For Europe

Originally published on Fri October 31, 2014 10:46 am

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

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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4:05pm

Fri October 17, 2014
Economy

Drop In Unemployment Raises Debate On Optimal Rate

Originally published on Fri October 17, 2014 6:26 pm

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

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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