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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4:32pm

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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1:36am

Tue December 16, 2014
Economy

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

Originally published on Thu December 18, 2014 4:27 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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1:30am

Mon December 15, 2014
Your Money

Lockheed Martin Case Puts 401(k) Plans On Trial

Originally published on Mon December 15, 2014 5:16 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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2:57am

Fri October 31, 2014
Parallels

Why Deflation Is Such A Big Worry For Europe

Originally published on Fri October 31, 2014 8:46 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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2:50pm

Fri October 17, 2014
Economy

Drop In Unemployment Raises Debate On Optimal Rate

Originally published on Fri October 17, 2014 4:26 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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2:51pm

Wed October 15, 2014
Economy

Turmoil Continues In Financial Markets As Dow Plunges

Originally published on Wed October 15, 2014 5:54 pm

A trader works on the floor of the New York Stock Exchange on Wednesday. Stocks took a beating, with key indexes falling more than 2 percent before bouncing back slightly.
Spencer Platt Getty Images

It was another stomach-churning day on Wall Street. At one point, the Dow industrials were down 460 points — a huge drop that followed four consecutive days of stock market losses.

The decline more than wiped out the year's gains. But then late in the trading day, tocks started to recover. And by the close, the Dow's loss was a little more than 1 percent.

Investors are worried about a global economic slowdown, the Federal Reserve's next move and even the Ebola virus.

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7:42am

Mon October 13, 2014
Economy

French Economist Wins Nobel For Market Power And Regulation Research

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

Transcript

RACHEL MARTIN, HOST:

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2:19pm

Wed September 3, 2014
Economy

Federal Regulators Impose Tough New Rules For Banks

Originally published on Wed September 3, 2014 5:04 pm

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

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AUDIE CORNISH, HOST:

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2:45pm

Thu August 28, 2014
Business

JPMorgan's Been Hacked, But Answers — And Fraud — Are Hard To Find

Originally published on Thu August 28, 2014 5:28 pm

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

Transcript

ROBERT SIEGEL, HOST:

This is ALL THINGS CONSIDERED from NPR News. I'm Robert Siegel.

MELISSA BLOCK, HOST:

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2:36pm

Tue August 26, 2014
Business

BK's Big Deal Could Bring The King To Canada, Controversy Close Behind

Originally published on Tue August 26, 2014 6:07 pm

Burger King is buying Tim Hortons, the Canadian coffee-and-donut chain, in a deal valued at $11 billion. The new company will be headquartered in Ontario, Canada, allowing Burger King to take advantage of Canada's lower corporate tax rate. The relocation is bound to cause controversy in the U.S.

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2:06pm

Mon August 25, 2014
Business

To Make A Move North, Burger King Eyes Buying A Canadian Icon

Originally published on Tue August 26, 2014 12:08 pm

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

Transcript

MELISSA BLOCK, HOST:

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2:31pm

Fri August 22, 2014
Parallels

Argentina Crisis Puts Focus On Role Of Distressed-Debt Funds

Originally published on Fri August 22, 2014 6:09 pm

A woman in Buenos Aires walks with her dog past a mural that reads "Vultures" in Spanish. The mural is a reference to the dispute between the Argentine government and U.S. hedge funds.
Victor R. Caivano AP

The legal battle between Argentina and its creditors grinds on with no sign of a resolution anytime soon. The dispute pits the government against two New York hedge funds that specialize in buying distressed debt.

These hedge funds bought Argentina's bonds at fire-sale prices and now stand to make huge profits off the country's financial troubles. But they've encountered a lot of resistance from the government.

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2:10pm

Thu August 21, 2014
Law

Bank Of America Settles With Feds And States For Record Amount

Originally published on Thu August 21, 2014 4:24 pm

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

11:07am

Thu August 21, 2014
Business

Bank Of America Settles Mortgage Case For $16.65 Billion

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

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DAVID GREENE, HOST:

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2:09pm

Thu August 14, 2014
Europe

Once-Thriving Heart Of The Eurozone Stagnates

Originally published on Thu August 14, 2014 4:35 pm

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

Transcript

MELISSA BLOCK, HOST:

This is ALL THINGS CONSIDERED from NPR News. I'm Melissa Block.

ROBERT SIEGEL, HOST:

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2:19pm

Thu August 7, 2014
Business

White House Seeks Ways To Go It Alone In Keeping Companies Stateside

Originally published on Thu August 28, 2014 4:43 pm

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

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9:12am

Sat August 2, 2014
World

Sanctions Target Russian Oil, But Will That Persuade Putin?

Originally published on Wed August 27, 2014 10:48 am

An oil refining factory owned by the Russian company Rosneft, outside the town of Achinsk, Russia, in 2013. The company says that hundreds of sites are being explored throughout the country as potential sources of oil and gas — but to tap those sites, Russia depends on Western companies.
Ilya Naymushin Reuters/Landov

Both the United States and Europe announced new economic sanctions this week against Russia for its role in the conflict in Ukraine. Among other things, Western companies will no longer be able to sell Russia new technologies to develop its oil fields.

The move comes at a time when oil exports have become more important than ever for the Russian economy.

President Obama says the sanctions are meant to send a strong message:

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3:07am

Thu July 31, 2014
NPR Story

Argentina Is In Default. What Does That Actually Mean?

Originally published on Thu July 31, 2014 6:12 am

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

Transcript

LINDA WERTHEIMER, HOST:

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2:08pm

Wed July 30, 2014
Latin America

Late Rally From Argentina Fails To Delay Default

Originally published on Wed July 30, 2014 8:09 pm

Argentina Economy Minister Axel Kicillof speaks during a news conference at the Argentina Consulate on Wednesday in New York. By the end of the day, a deal had not been reached with the country's creditors.
Stan Honda AFP/Getty Images

Talks aimed at resolving Argentina's debt crisis have broken down in New York. A court-appointed mediator has declared that the country will go into default. It is the second time the country has defaulted in about 12 years.

With a midnight deadline looming, the government and its creditors walked away without a deal late Wednesday.

Argentina has been waging a protracted legal battle with a small number of bondholders. They want to be paid in full for bonds they purchased years ago.

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2:13pm

Mon July 28, 2014
Europe

International Court Rules Against Russia In $50 Billion Decision

Originally published on Mon July 28, 2014 5:40 pm

Russia says it will appeal an unfavorable decision by a court in The Hague. The Permanent Court of Arbitration awarded $50 billion to shareholders of the defunct Yukos oil company. Russia seized the company in 2003 and put owner Mikhail Khodorkovsky in jail on tax and fraud charges.

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