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

3:10pm

Fri March 28, 2014
Business

Russia's Energy Market Heft Leaves Neighbors Unsettled

Originally published on Fri March 28, 2014 4:34 pm

Transcript

AUDIE CORNISH, HOST:

The crisis in Ukraine is raising new questions about Russia's role in the energy markets. Moscow has long used exports of oil and natural gas to win political concessions from countries on its borders. Europe gets a quarter of its natural gas from Russia.

As NPR's Jim Zarroli reports, that's making a lot of people there nervous.

Read more

2:33pm

Mon March 24, 2014
News

Madoff Aides Found Guilty For Role In Massive Ponzi Scheme

Originally published on Mon March 24, 2014 4:46 pm

Five of Bernie Madoff's former employees were found guilty of helping him fleece investors of $17 billion. They were convicted on charges of securities fraud, conspiracy and tax evasion.

2:21pm

Wed March 12, 2014
News

FTC Investigates Herbalife, Following Claims It's A Pyramid Scheme

Originally published on Wed March 12, 2014 6:14 pm

Herbalife shares dropped on news the Federal Trade Commission is investigating the company. After shorting Herbalife's stock, hedge fund manager Bill Ackman's been lobbying politicians to investigate.

2:35pm

Wed February 26, 2014
Business

Swiss Bank Finds Itself Under American Scrutiny

Originally published on Thu February 27, 2014 10:08 am

Transcript

MELISSA BLOCK, HOST:

Top executives at one of Switzerland's biggest banks said today they're sincerely trying to prevent tax evasion by U.S. citizens. They also said conflicting laws in the two countries make it almost impossible to do that. The chief executive of Credit Suisse appeared before the Senate Permanent Subcommittee on Investigations, which has been looking into the use of secret Swiss bank accounts by Americans.

Here's NPR's Jim Zarroli.

Read more

2:09pm

Mon February 24, 2014
Business

Netflix Pays Comcast To Ensure Its Videos Stream Smoothly

Originally published on Mon February 24, 2014 6:02 pm

Transcript

ROBERT SIEGEL, HOST:

Netflix is hoping that a deal it has struck with Comcast will mollify some of its unhappy customers. The company announced yesterday that it will pay to connect Comcast's broadband network more directly. That means Netflix customers should get faster, smoother access to programs like "House of Cards." The deal could serve as a model to help the company resolve disputes with other big Internet service providers.

NPR's Jim Zarroli reports.

Read more

4:46pm

Thu February 20, 2014
All Tech Considered

Video Streaming Is Straining, But Who Will Ease The Tension?

Originally published on Fri February 21, 2014 12:16 pm

Internet service providers are having trouble keeping pace with growing demand for video streaming services. But there's disagreement over how to fix the problem.
iStockphoto

Suzie Felber's kids are only just learning what a commercial is.

"They start screaming when they come on," she says. "They think the TV's broken."

The Felbers usually stream television shows over the Internet in their New Jersey home.

More and more people are following suit, using services such as Netflix and Amazon Prime. But these programs take up a huge amount of digital bandwidth, and that's led to a dispute between these services and the Internet service providers that carry them.

Slower Service

Read more

3:16pm

Tue February 4, 2014
Law

Senate Steps Into The Data Breach Controversy

Originally published on Tue February 4, 2014 6:00 pm

Transcript

AUDIE CORNISH, HOST:

A top executive at the retail chain Target went to Capitol Hill today to try to explain the massive security breach that hit the company in December. Hackers stole personal information of tens of millions of Target customers during the holiday shopping season. The incident has underscored the increasing sophistication of cyber criminals and the vulnerability of big retailers. NPR's Jim Zarroli has more on the hearing.

Read more

2:15pm

Mon February 3, 2014
Economy

The Dow Drops Again, But What's Driving The Sell-Off?

Originally published on Mon February 3, 2014 5:33 pm

Transcript

MELISSA BLOCK, HOST:

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

AUDIE CORNISH, HOST:

And I'm Audie Cornish.

The stock market had one of its worst days in months today after some disappointing news about manufacturing. The Dow Jones Industrial Average fell more than 300 points, about two percent. The other major indexes were down even more.

NPR's Jim Zarroli tells us investors are reacting to new concern about the health of the global economy.

Read more

2:37pm

Tue January 28, 2014
Economy

Days Of Turmoil Test Stability Of Emerging Markets

Originally published on Tue January 28, 2014 4:55 pm

Transcript

ROBERT SIEGEL, HOST:

After losing a lot of ground, stock prices were back up a bit today. Investor anxiety about the state of the world's currency markets seemed to ease. The current turmoil is reminiscent of the 1997 currency crisis in Asia, which hurt economies all over the world.

As NPR's Jim Zarroli reports, there are also some big differences.

Read more

5:09pm

Thu January 23, 2014
Economy

Study: Upward Mobility No Tougher In U.S. Than Two Decades Ago

Originally published on Fri January 24, 2014 3:32 pm

The study did reveal widespread disparity in upward mobility based on geography. For those hoping to climb the economic ladder, San Francisco is one of the best places to live, the study found.
Justin Sullivan Getty Images

A new study finds that contrary to widespread belief, it's no harder to climb the economic ladder in the United States today than it was 20 years ago.

But the study did find that moving up that ladder is still a lot more difficult in the U.S. than in other developed countries.

Read more

3:12pm

Tue January 14, 2014
Health Care

The Young And Restless May Cause Drama For ACA

Originally published on Tue January 14, 2014 4:33 pm

Transcript

MELISSA BLOCK, HOST:

After a slow start, the Affordable Care Act is now attracting customers at a healthier pace. The government said yesterday that 2.2 million people have signed up for health insurance under the state and federal exchanges. But there's a serious red flag. A disproportionate number of new enrollees are middle aged or older.

Here's NPR's Jim Zarroli on what that means for the program and for insurers.

Read more

12:19pm

Tue January 7, 2014
Business

JPMorgan Chase Settles Madoff Case For $1.7 Billion

Originally published on Wed January 8, 2014 4:56 am

JPMorgan Chase & Co. has agreed to pay $1.7 billion to settle criminal charges accusing the bank of ignoring obvious warning signs of Bernard Madoff's massive Ponzi scheme.

12:30am

Mon December 23, 2013
Business

After Target's Data Breach, Customer Incentive Disappoints

Originally published on Mon December 23, 2013 7:06 am

Justin Sullivan Getty Images

Target is trying to get back in its customers' good graces after a massive data breach affecting some 40 million credit and debit account holders. The giant retail chain offered its customers a 10 percent discount over the weekend as an act of atonement, but business was said to be down anyway.

The breach affected customers who used their credit and debit cards at one of Target's 1,750 stores during a three-week period after Thanksgiving.

Read more

4:56pm

Sun December 15, 2013
Europe

Ireland Exits Bailout Program, But Economy Still On The Mend

Originally published on Mon December 16, 2013 6:24 am

On Sunday, Ireland became the first country to formally exit the bailout program funded by the International Monetary Fund and the European Union.
Peter Muhly AFP/Getty Images

Ireland was one of the countries hardest hit by Europe's debt crisis. On Sunday, it passed a big milestone when the nation became the first country to formally exit the bailout program funded by the International Monetary Fund and the European Union.

After three years of the bailout program, it isn't hard to find signs of improvement in Ireland and of an economy coming back from the dead.

"Don't get me wrong, it's been bad in a lot of ways, but there's a silver lining in every cloud," says Conor Mulhall, a 41-year-old father of three.

Read more

5:29am

Tue December 10, 2013
Business

High Stakes For Banks As Volcker Rule Is Finalized

Originally published on Tue December 10, 2013 10:11 am

Transcript

RENEE MONTAGNE, HOST:

This is MORNING EDITION from NPR News, I'm Renee Montagne.

STEVE INSKEEP, HOST:

And I'm Steve Inskeep. Federal regulators have unveiled the final version of what has come to be called the Volcker Rule. It's a big part of the financial reform that went into affect three years ago. It's taken all those years to come up with the language that will set new limits on the kinds of trading that banks can do and cannot do. NPR's Jim Zarolli joins us now to talk about this. Hi Jim.

JIM ZAROLLI, BYLINE: Hi.

Read more

3:34pm

Sun December 1, 2013
Around the Nation

The Latest From The New York Train Derailment

Originally published on Sun December 1, 2013 5:55 pm

Transcript

ARUN RATH, HOST:

It's ALL THINGS CONSIDERED from NPR West. I'm Arun Rath.

A commuter train derailed as it was heading into Manhattan this morning, killing four people and injuring more than 60. Witnesses say the train appeared to be going too fast as it rounded a curve just north of a train station in the Bronx. The National Transportation Safety Board is trying to piece together what happened.

Read more

5:31am

Sat November 30, 2013
Health Care

A New Worry Looms Online For The Affordable Care Act

Originally published on Sat November 30, 2013 1:13 pm

Insurance companies say they are finding numerous mistakes on a digital form that's essential for signing up through HealthCare.gov.
AP

Saturday is the day the Obama administration promised it would have HealthCare.gov working smoothly for the majority of people who need to sign up for health insurance.

As the Obama administration scrambles to fix the glitch-plagued site, experts are beginning to worry about another problem that may further impair the rollout of the Affordable Care Act.

Read more

3:25am

Wed November 27, 2013
Business

Men's Wearhouse Goes 'Pac-Man' On Joseph A. Bank

The retail company Men's Wearhouse has announced it is launching a takeover battle for rival Joseph A. Bank. What makes the effort unusual is that just last month Joseph A. Bank was trying to take over Men's Wearhouse. The turnaround is an example of what Wall Street calls a Pac-Man defense.

3:01pm

Fri November 22, 2013
Business

JPMorgan Says It Broke No Law. So Why Pay The $13 Billion?

Originally published on Fri November 22, 2013 11:20 pm

The U.S. government says JPMorgan Chase & Co. knowingly sold faulty mortgage-backed securities in the years leading up to the financial crisis. The bank says it's broken no laws.
Emmanuel Dunand AFP/Getty Images

State and federal regulators have hailed Tuesday's $13 billion settlement with JPMorgan Chase & Co. over faulty mortgage assets it sold in the years leading up to the financial crisis as a big victory for the judicial system.

But like other big settlements to emerge from the financial crisis, the deal leaves unclear just what the bank did wrong.

Read more

2:50am

Fri November 15, 2013
Business

Health Care Cancellation Cure Could Lead To Higher Premiums

Originally published on Fri November 15, 2013 8:49 am

The health care fix announced by President Obama on Thursday may be good news for some consumers, but it creates a big headache for insurance companies and regulators. An insurance industry trade group warns the last-minute change could destabilize the market and lead to higher premiums.

Pages