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.

Pages

5:06pm

Fri December 28, 2012
U.S.

Major Port Strike Averted — For Now

Transcript

AUDIE CORNISH, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish. A strike has been averted at many of the nation's busiest shipping ports, at least temporarily. The union representing longshoremen at ports along the East Coast and the Gulf of Mexico have threatened to walk off the job starting Sunday. But as we hear from NPR's Jim Zarroli, port operators and the union have reached agreement on one of their most contentious issues.

Read more

5:07pm

Thu December 20, 2012
Business

NYSE To Change Hands In $8.2 Billion Deal

Originally published on Thu December 20, 2012 10:18 pm

Transcript

ROBERT SIEGEL, HOST:

After more than two centuries as an independent company, the New York Stock Exchange is about to change hands. It's being acquired by Atlanta-based IntercontinentalExchange, or ICE, as part of a deal valued at $8.2 billion. In recent years, ICE has exploded in growth.

And as NPR's Jim Zarroli reports, today's announcement is the latest in a series of rapid-fire changes that have transformed the world of stock trading.

Read more

4:34am

Sat December 15, 2012
Shootings In Newtown, Conn.

Small Town Tries To Cope With Unimaginable Tragedy

Originally published on Sun December 16, 2012 1:43 pm

Mourners gather for a vigil service for victims of the Sandy Hook Elementary School shooting at St. Rose of Lima Roman Catholic Church in Newtown, Conn., on Friday night.
Andrew Gombert AP

Newtown, Conn., is a white-collar community an hour and a half northeast of New York City. It's the kind of place where crime is rare and the biggest thing that happens each year is the Labor Day parade.

Now the peace and quiet has been shattered, and residents are trying to make sense of what's happened.

Hours after the shootings that left so many people dead, St. Rose of Lima Catholic Church opened its doors for a prayer vigil. People filed through the streets and past houses decorated with Christmas lights.

Read more

5:18pm

Tue December 11, 2012
Business

U.S. Officials Hope HSBC Penalty Sends A Message

Originally published on Wed December 12, 2012 4:55 pm

Transcript

ROBERT SIEGEL, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.

AUDIE CORNISH, HOST:

And I'm Audie Cornish. It is the biggest penalty ever paid by a bank to the U.S. government. HSBC, a British company, will hand over $1.9 billion to settle a money laundering case. The Justice Department says HSBC violated the bank secrecy act and the trading with the enemy act by doing business with the likes of Iran.

Read more

6:36am

Tue December 11, 2012
Business

HSBC Agrees to Settle Money-Laundering Case

Originally published on Tue December 11, 2012 10:55 am

Transcript

DAVID GREENE, HOST:

This is MORNING EDITION from NPR News. Good morning. I'm David Greene.

RENEE MONTAGNE, HOST:

And I'm Renee Montagne.

British banking giant, HSBC, will pay 1.9 billion dollars to the U.S. to settle allegations of money laundering. In a statement released overnight, the bank said it accepts responsibility for past mistakes. U.S. officials will have further details of the settlement later today. NPR's Jim Zarroli has more.

Read more

6:09pm

Wed December 5, 2012
It's All Politics

Looming Spending Cuts Would Hit Hard All Over

Alan Krueger, chairman of the president's Council of Economic Advisers, warns that consumer spending will drop if Congress and the White House fail to reach a deal on spending cuts and tax increases.
Jewel Samad AFP/Getty Images

Tax increases are only a part of what lies ahead if Congress can't come to an agreement to avert the fiscal cliff by the new year. Massive spending cuts will also kick in — and those cuts will be felt throughout the economy.

The current stalemate got under way two years ago when Congress, locked in a bitter partisan battle over whether to extend the George W. Bush-era tax cuts, passed what was known as the Budget Control Act of 2011.

Read more

6:39am

Tue December 4, 2012
Business

SEC Sues Chinese Audit Firms

Originally published on Tue December 4, 2012 6:55 am

Transcript

DAVID GREENE, HOST:

NPR's business news starts with questions for Chinese regulators.

(SOUNDBITE OF MUSIC)

RENEE MONTAGNE, HOST:

The United States has accused five Chinese auditing firms of violating U.S. securities laws. A lawsuit says the auditors are refusing to turn over documents tied to companies that the U.S. wants to investigate.

NPR's Jim Zarroli has the story.

Read more

7:43am

Thu November 29, 2012
Business

Companies Rush Dividends To Beat Possible Tax Hike

Originally published on Thu November 29, 2012 9:18 am

Transcript

DAVID GREENE, HOST:

Read more

4:48pm

Mon November 26, 2012
Business

Holiday Season May Be A Good One For U.S. Retailers

Originally published on Mon November 26, 2012 6:18 pm

Cyber Monday saw a big retail push following a Black Friday that expanded into Thanksgiving Day. The big question now is whether all the early shopping will boost total holiday sales or just push them up earlier on the calendar.

5:42pm

Fri November 16, 2012
Superstorm Sandy: Before, During And Beyond

Seaside After Sandy: Is Rebuilding Worth It?

Originally published on Fri November 16, 2012 8:07 pm

Ernest Shallo, of Carteret, N.J., throws a ruined air conditioner onto a pile of debris in front of a small home in Seaside Heights, N.J. Residents were allowed back in their homes for a few hours Monday, two weeks after the region was pounded by Superstorm Sandy.
Mel Evans AP

Ever since Hurricane Sandy ripped through the New Jersey coast, some of the hardest-hit towns have been closed altogether. Authorities say gas leaks and unstable buildings have made them too risky to visit.

This week, residents were allowed to enter Seaside Heights for a few hours each day to get a firsthand look at the damage. Many are struggling with whether to rebuild their homes.

Weighing The Cost

Read more

Pages