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

Thu July 24, 2014
Business

4 Theories About Why Wal-Mart Changed Its U.S. Chief

Originally published on Thu July 24, 2014 4:23 pm

Bill Simon, head of Wal-Mart's U.S. division, is leaving the retail giant after being passed over for the company's top post.
Rick Wilking Reuters/Landov

Bill Simon, head of Wal-Mart's U.S. division, is leaving the retail giant, the company said Thursday.

Any major shake-up at Wal-Mart is closely watched because the company is so important — it tops the Fortune 500 list with annual sales approaching a half-trillion dollars. So lots of people are speculating about what Simon's departure really means. Here are some theories:

The Simplest Explanation

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4:29pm

Tue July 22, 2014
Economy

Inflation Came In Low Again, But Are There Bubbles?

Originally published on Tue July 22, 2014 4:39 pm

Federal Reserve Chair Janet Yellen testifies before the Senate Banking Committee on July 15. She said the Fed is likely to keep interest rates low "for a considerable period" since inflation remains so tame.
J. Scott Applewhite AP

Want to borrow money for a car or a home this fall?

Oddly enough, the interest rates available months from now for big-ticket items may be determined by the prices you pay today for everyday consumer goods. When store prices are rising rapidly, policymakers start pushing interest rates higher, too.

But for the moment, at least, inflation appears mild enough to keep interest rates low for a long while.

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5:36pm

Thu July 17, 2014
Economy

Latest Wrinkle In The Jobs Debate: Blame The Boomers

Originally published on Mon July 21, 2014 1:46 pm

Participation in the workforce has dropped significantly since 2007, and economists say more than half of the dropouts may never return.
Spencer Platt Getty Images

Since late 2007, the U.S. labor force has shrunk significantly, raising questions about where former workers have gone and why.

Now the White House Council of Economic Advisers says it has found answers and has compiled them into a detailed research report released Thursday.

As it turns out, most of the missing workers have been hiding in plain sight: They are retiring baby boomers.

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10:58am

Tue July 15, 2014
Business

Citigroup Settlement Offers Former Homeowners 'Cold Comfort'

Originally published on Tue July 15, 2014 11:10 am

The Citigroup Center is viewed in midtown Manhattan. Critics say the U.S. settlement with the banking giant will do nothing for those hurt most by the foreclosure crisis: people who lost their homes.
Timothy A. Clary AFP/Getty Images

Should you be watching your mailbox for a check from Citigroup?

The banking giant says it will pay out $2.5 billion to provide "consumer relief" to help settle charges brought against it by the U.S. Justice Department. The government said Monday that "defects" in Citi's mortgage securities had fueled the financial crisis that triggered the Great Recession.

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7:02am

Fri July 11, 2014
Business

Economists Say Inflation Is Tame; Consumers Aren't Buying It

Originally published on Fri July 11, 2014 9:15 am

Meat is displayed in a case at a grocery store in Miami. The index of retail prices for meats, poultry, fish and eggs was up 7.7 percent from a year ago — more than triple the overall inflation rate.
Joe Raedle Getty Images

Economists regularly issue reports calling inflation tame or mild, or some other word that suggests consumers shouldn't be feeling much pain.

One example: "Inflation has been tame and this is providing households with some relief" from economic stress, according to an assessment done this week by PNC Financial Services.

But if you happen to be buying gasoline or groceries, you may not be feeling relieved — at all.

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4:03pm

Thu July 3, 2014
Economy

Hiring Looks Good Now, But Wage Growth Lags

Originally published on Thu July 3, 2014 5:12 pm

A Gap employee works at a store in San Francisco. The company plans to raise its minimum wage in phases to $10 an hour by next year.
Justin Sullivan Getty Images

The unemployment report released Thursday by the Labor Department offered great news for job seekers: Hiring boomed in June.

That good news helped send stock prices to record levels, with the Dow Jones industrial average crossing the 17,000 mark for the first time to close at 17,068.26, up 92.02.

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6:41pm

Mon June 30, 2014
Business

How Many Companies Will Be Touched By Court's Contraception Ruling?

Originally published on Mon June 30, 2014 6:46 pm

The Supreme Court said protecting the free-exercise rights of owners of corporations, such as Hobby Lobby Stores, protects religious liberty.
Ed Andrieski AP

When the Supreme Court ruled Monday that "closely held" corporations don't have to pay for workers' contraception, you may have assumed the decision applied only to family-owned businesses.

Wrong. An estimated 9 out of 10 businesses are "closely held."

However, some benefits experts question just how many of those companies would want to assert religious views.

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1:51pm

Fri June 27, 2014
The Two-Way

U.K. Loses Big Vote On The Future Of Europe — Now What?

Originally published on Fri June 27, 2014 2:30 pm

On the sidelines of the EU summit in Brussels, U.K. Prime Minister David Cameron said the choice of Jean-Claude Juncker to head the European Commission marks "a bad day for Europe."
John Thys AFP/Getty Images

The European Union made history Friday by bringing three of Russia's neighbors — Ukraine, Georgia and Moldova — under its economic tent.

The eastward expansion of trade agreements will push European influence deep into a region that Russia would like to dominate. In light of recent Russian aggression in Ukraine, that's a big deal.

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7:03am

Thu June 26, 2014
Europe

In Flanders Fields, Europeans Still Learning How To Get Along

British Prime Minister David Cameron delivers a speech next to German Chancellor Angela Merkel at a technology Trade fair March 10 in Hanover, Germany.
Nigel Treblin Getty Images

On Thursday, European leaders are gathering in Belgium to mark the 100th anniversary of the start of World War I — the bloodbath that ended millions of European lives.

And killed 116,516 U.S. troops. And laid the groundwork for World War II.

The centenary ceremony in Ypres, Belgium, provides a good reminder that whenever relations among European nations break bad, the rest of us need to pay attention.

It's time to listen up again.

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5:46am

Sat June 7, 2014
Economy

Job Outlook Brightens For Graduates, Though Problems Linger

Originally published on Tue June 10, 2014 3:07 pm

Kaitlin Foran, a senior at the College of Charleston in South Carolina, meets with a prospective employer at a job fair at National Harbor in Maryland.
T.J. Kirkpatrick Getty Images

Congratulations Class of 2014! You are entering a labor market that offers a record number of paychecks.

On Friday, the Labor Department said the U.S. economy now has 138.5 million jobs, slightly more than the previous high set in early 2008 — just as the Great Recession was tightening its grip.

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