Marilyn Geewax

Marilyn Geewax is a senior editor, assigning and editing business radio stories. She also serves as the national economics correspondent for the NPR web site, and regularly discusses economic issues on NPR's mid-day show Here & Now.

Her work contributed to NPR's 2011 Edward R. Murrow Award for hard news for "The Foreclosure Nightmare." Geewax also worked on the foreclosure-crisis coverage that was recognized with a 2009 Heywood Broun Award.

Before joining NPR in 2008, Geewax served as the national economics correspondent for Cox Newspapers' Washington Bureau. Before that, she worked at Cox's flagship paper, the Atlanta Journal-Constitution, first as a business reporter and then as a columnist and editorial board member. She got her start as a business reporter for the Akron Beacon Journal.

Over the years, she has filed news stories from China, Japan, South Africa and Europe. Recently, she headed to Europe to participate in the RIAS German/American Journalist Exchange Program.

Geewax was a Nieman Fellow at Harvard, where she studied economics and international relations. She earned a master's degree at Georgetown University, focusing on international economic affairs, and has a bachelor's degree from The Ohio State University.

She is a member of the National Press Club's Board of Governors and serves on the Global Economic Reporting Initiative Committee for the Society of American Business Editors and Writers.

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3:33pm

Fri May 8, 2015
The Two-Way

Would More Trade Help The Job Market Run Faster Or Trip It Up?

Originally published on Fri May 8, 2015 3:48 pm

Workers unload cargo at the Port of Portland's Terminal 6 in Portland, Ore.
Rick Bowmer AP

The Labor Department's latest report shows employers created 223,000 jobs in April and the unemployment rate went down another notch to 5.4 percent.

So, yay!

But study the wage figures in Friday's report — and your "yay" turns to "meh."

Workers got raises of just 0.1 percent in April. Over the past year, wages advanced only 2.2 percent, a pace that amounts to treading water for most families. The average workweek has stalled at 34.5 hours, unchanged from the previous month — and from a year ago.

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2:33pm

Wed May 6, 2015
The Two-Way

Fed Chair Yellen's Warning Adds To Recent Market Jitters

Originally published on Wed May 6, 2015 6:06 pm

Federal Reserve chief Janet Yellen's remarks Wednesday made a lot of investors blink. But there's something to keep in mind before you sell based on her advice.
Mark Wilson Getty Images

Both stock and bond markets had already been having a rough week, and then on Wednesday, Federal Reserve Chair Janet Yellen added to the jitters.

She warned that stock valuations are "generally quite high," and that "there are potential dangers there."

So if you happen to be an investor who wants to buy low and sell high (and really, who doesn't?), then you might take Yellen's comment as a suggestion that it's time to sell.

And that's just what happened: Measures of U.S. stock prices all slipped — down about 0.7 percent by midday.

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5:01pm

Wed April 29, 2015
Business

Japan's Abe Pushes The Pacific Trade Deal Onto Center Stage

Japan's Prime Minister Shinzo Abe speaks during a joint press conference at the White House with President Obama on Tuesday. Abe is urging U.S. lawmakers to approve a trans-Pacific trade deal.
Mandel Ngan AFP/Getty Images

President Obama's plan for creating a Pacific Rim trade zone has been hovering in the wings, waiting for the right moment to demand attention.

On Wednesday, Japanese Prime Minister Shinzo Abe pushed it out on to center stage during a dramatic joint meeting of the U.S. House and Senate. He urged Congress to approve the proposed Trans-Pacific Partnership, or TPP.

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1:07pm

Tue April 14, 2015
The Two-Way

Cheap Oil Fuels Global Growth. Now If We Just Had Roads And Bridges

Originally published on Tue April 14, 2015 6:05 pm

Men work on an oil pump during a sandstorm in the desert oil fields of Sakhir, Bahrain, in January.
Hasan Jamali AP

The global economy won't sink this year, thanks to the oceans of cheap oil keeping it afloat.

That's the bottom line of the World Economic Outlook, released Tuesday by the International Monetary Fund. The 2015 pace of economic growth will tick up to 3.5 percent, helped along by lower energy costs and weaker currencies.

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7:03am

Tue April 14, 2015
It's All Politics

'Clintonomics' Ruled The 1990s; 'Hillarynomics' Would Be Different

Originally published on Tue April 14, 2015 2:47 pm

Hillary Clinton begins to speak as her husband, former President Bill Clinton, moves to take a seat after introducing her at the Clinton Global Initiative on Sept. 22, 2014, in New York.
Mark Lennihan AP

If you are under 30, this may be hard to imagine, but in the late 1990s, the economy was a job-generating machine.

In 2000, the final year of Bill Clinton's presidency, the unemployment rate fell as low as 3.8 percent. Then, within a decade of his White House departure, the rate was up to 10 percent.

Those two numbers explain why the name "Clinton" remains magic for many. People who got jobs, bought homes and invested money two decades ago associate "Clintonomics" with good times.

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4:49pm

Wed April 8, 2015
The Salt

The Latest Item On McDonald's Shifting Menu: A $5 Burger

Originally published on Wed April 8, 2015 6:39 pm

The new Sirloin Third Pound burgers will be offered at McDonald's starting later this month, for a limited time.
Courtesy of McDonald's

McDonald's has been struggling in recent years to keep pace with fast-casual chains like Five Guys and Chipotle Mexican Grill.

So the fast-food giant is testing different menu options to lure back customers. Starting later this month, McDonald's diners will be able to choose a $4.99 sandwich — the Sirloin Third Pound burger.

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2:19pm

Fri April 3, 2015
The Two-Way

For U.S. Workers, The March Of Progress Slows Down

The big question hanging over the U.S. economy: Did job growth just take a rest during the harsh winter, or is it shifting to a much slower pace?
David Goldman AP

Dear March,

We got your news that employers added just 126,000 jobs on your watch. Hate to say it, but you have disappointed everyone. No doubt you'll say you were under the weather — literally. Sure, it was cold, but still ... Let's hope April does better.

Sincerely,

America

On Friday, the Labor Department's report on weak jobs growth left economists scrambling to explain what went wrong in March.

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9:57am

Fri April 3, 2015
The Two-Way

If A Caller Says, 'I Am With The IRS,' He's Not

Originally published on Fri April 3, 2015 11:57 am

The Internal Revenue Service says the number of IRS-related phone scams is on the rise.
gmutlu iStockphoto.com

True story: The other day, I attended a speech by IRS Commissioner John Koskinen, who said phone scammers are swarming the country in the run-up to April 15, aka Tax Day.

These criminals call taxpayers and insist they must "immediately give up their personal information or make a payment," Koskinen warned. Don't fall for it.

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5:36pm

Tue March 31, 2015
The Two-Way

IRS Head Says So Far, So Good For Obamacare's First Tax Season

The commissioner of the Internal Revenue Service says everything has gone smoothly as, for the first time, taxpayers have to report their compliance with the Affordable Care Act.
J. David Ake AP

Congress passed the Affordable Care Act five years ago, but it didn't impose tax penalties for failure to obtain health insurance until this year.

So a big question has hung over this tax-filing season: Would the ACA unleash mass confusion as Americans grappled with new tax rules?

IRS Commissioner John Koskinen today said that so far at least, all has gone "swimmingly."

And for that, we can thank software geeks, he says.

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2:46pm

Thu March 26, 2015
The Two-Way

Census Data Prove It: We Prefer Sunshine And Golf Carts

Originally published on Fri March 27, 2015 3:17 pm

If you live in a town still dotted with dirty piles of old snow, this is not going to come as good news:

The U.S. Census Bureau today listed the nation's fastest-growing metro areas. And it turns out, Americans prefer Florida's sunshine, lakes and beaches to your cloudy, cold climes.

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