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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6:05pm

Thu October 3, 2013
Economy

Shutdown Might Mean No Jobs Report, But Does It Matter?

Originally published on Fri October 4, 2013 11:38 am

Transcript

MELISSA BLOCK, HOST:

Among the casualties of this week's government shutdown is one pretty big economic indicator. The Labor Department confirmed today that it will not release September's unemployment report tomorrow as scheduled. The Bureau of Labor Statistics, which compiles the report, says it doesn't have enough people on hand to crunch the numbers.

NPR's Jim Zarroli looks at the impact of the decision on markets.

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4:51pm

Thu September 26, 2013
Business

Nine Japanese Auto Parts Makers Plead Guilty To Price Fixing

Originally published on Thu September 26, 2013 7:19 pm

Transcript

ROBERT SIEGEL, HOST:

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

Most of the people who work in the auto industry don't work for car companies. Instead, they're involved with making the parts that go into the cars. It's a global network that manufactures everything from seatbelts to radiators. Well, now it's caught up in a widening federal investigation into price fixing.

NPR's Jim Zarroli reports the Justice Department said today nine Japanese companies have pleaded guilty to collusion.

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5:13pm

Mon September 23, 2013
Business

New Rules Allow Companies To Advertise For Dollars

Originally published on Mon September 23, 2013 8:38 pm

Transcript

MELISSA BLOCK, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Melissa Block.

ROBERT SIEGEL, HOST:

And I'm Robert Siegel.

Someday soon you'll see a new kind of advertising on TV and the Internet. A federal law went into effect today allowing private companies to solicit investors for the first time. The new rules are supposed to make it easier for startup companies to raise money. But NPR's Jim Zarroli reports they could also generate more fraud.

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4:25pm

Thu September 19, 2013
Business

JPMorgan Chase To Pay Huge Fine In London Whale Settlement

Originally published on Thu September 19, 2013 7:07 pm

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AUDIE CORNISH, HOST:

JPMorgan Chase has agreed to pay a $920 million fine. It comes in response to the bank's handling of the so-called London Whale trading debacle. Last year, J.P. Morgan said that rogue traders in its London office had lost $6 billion in a failed hedging strategy, and then concealed it from executives for weeks.

In addition to the fine, regulators forced the bank to take the unusual step of admitting wrongdoing, as NPR's Jim Zarroli reports.

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4:12am

Mon September 16, 2013
Politics

Summers Pulls His Name From Consideration For Fed Chief

Originally published on Mon September 16, 2013 7:09 am

Former Treasury Secretary Larry Summers has withdrawn from consideration as the next chairman of the Federal Reserve. He cited a potentially divisive nomination hearing. Summers was widely thought to be President Obama's top choice to replace Ben Bernanke next year.

3:46am

Thu September 12, 2013
Business

5 Years After Financial Crisis, Are Big Banks Still A Threat?

Originally published on Thu September 12, 2013 11:30 am

The headquarters of Lehman Brothers in Times Square in 2008, the year the financial services firm filed for bankruptcy.
Hiroko Masuike Getty Images

It's been five years since Lehman Brothers collapsed and touched off a banking crisis that is still being felt by the global economy. Today, the banking industry is a lot stronger than it was, but some critics say efforts to reform banking regulations have fallen short of their potential.

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4:39pm

Wed September 11, 2013
Business

Verizon Makes Blockbuster Bond Sale To Buy Vodafone

Originally published on Wed September 11, 2013 5:59 pm

Transcript

AUDIE CORNISH, HOST:

Wall Street is buzzing about Verizon today. The telecommunications giant carried out the biggest sale in the history of the bond market, $49 billion worth of corporate bonds. Verizon will use the money to finance its recent mega deal with Vodafone.

As NPR's Jim Zarroli reports, the sale comes at a time when interest rates are rising. And companies that want to raise money can't afford to lose any time.

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5:15pm

Mon August 26, 2013
Remembrances

Muriel Siebert Was One Of the First Women Of Wall Street

Originally published on Tue August 27, 2013 5:30 pm

Transcript

ROBERT SIEGEL, HOST:

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

MELISSA BLOCK, HOST:

And I'm Melissa Block. Muriel Siebert, the first woman to own a seat on the New York Stock Exchange, died over the weekend in Manhattan. She was 84. As NPR's Jim Zarroli reports, Siebert was a pioneer who broke down numerous doors in the male-dominated world of Wall Street.

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4:21am

Fri August 23, 2013
Business

Wal-Mart Promises To Buy More U.S.-Made Goods

Originally published on Fri August 23, 2013 7:25 am

After decades supplying the American consumer with every import imaginable, Wal-Mart now says it wants to stock its shelves with more goods made in the U.S. In Orlando Thursday, the giant retailer sponsored a conference aimed at encouraging U.S. companies to bring their production back home.

5:47am

Wed August 21, 2013
Business

U.S. Retailers Vow To Upgrade Bangladesh's Safety Standards

Originally published on Wed August 21, 2013 12:03 pm

Transcript

RENEE MONTAGNE, HOST:

Some of America's biggest retailers announced new steps yesterday aimed at improving safety standards in Bangladesh's troubled garment industry. Wal-Mart and the Gap were among the companies that formed a group called the Alliance for Bangladesh Worker Safety after the deadliest accident ever in the garment industry.

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