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 Tell Me More and 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 to 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 reporter for the Akron Beacon Journal.

Over the years, she has filed business news stories from China, Japan, South Africa and Europe.

Geewax was a 1994-95 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 in journalism from The Ohio State University.

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5:02am

Fri July 11, 2014
Business

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

Originally published on Fri July 11, 2014 7:15 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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2:03pm

Thu July 3, 2014
Economy

Hiring Looks Good Now, But Wage Growth Lags

Originally published on Thu July 3, 2014 3:12 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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4:46pm

Mon June 30, 2014
Business

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

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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11:51am

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 12:30 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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5:03am

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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3:46am

Sat June 7, 2014
Economy

Job Outlook Brightens For Graduates, Though Problems Linger

Originally published on Tue June 10, 2014 1:07 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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4:34pm

Thu June 5, 2014
Economy

Is Pushing Interest Rates To Less Than Zero A Crazy Idea?

Originally published on Thu June 5, 2014 5:17 pm

European Central Bank President Mario Draghi speaks at a news conference Thursday in Frankfurt after the ECB said it was cutting rates.
Arne Dedert AFP/Getty Images

By now, you may have heard that on Thursday, the European Central Bank shifted to a negative interest-rate policy for deposits.

That news may have prompted two thoughts: 1) Isn't that crazy? 2) Who cares what happens in Europe?

These questions have answers. But first, some background:

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11:22am

Sat May 31, 2014
Business

Regulators And Airlines Fight Over Fares, Fees And Fairness

The government wants airlines to be more up front with passengers about the total cost of tickets.
Karen Bleier AFP/Getty Images

This week, the Department of Transportation hit Southwest Airlines with a $200,000 fine for touting a fare that did not exist. The carrier had said in a TV ad that customers in Atlanta could fly to New York, Chicago or Los Angeles for just $59. But the bargain fare turned out to be too good to be true.

Southwest, which paid a fine for a similar problem last year, says the ad was a mistake. The airline pulled it as soon as the error was discovered.

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2:56pm

Thu May 29, 2014
Economy

The Economy Takes A Dip, But Analysts Look For It To Snap Back

Originally published on Thu May 29, 2014 2:58 pm

Auto sales rebounded in March and consumer spending remains strong, signs that the economy won't stay down for long, analysts say.
Jonathan Ernst Reuters/Landov

The Commerce Department on Thursday said the U.S. economy shriveled during the icy winter, contracting at a 1 percent pace.

So does that news leave you feeling chilled with disappointment, or revved up for a summer rebound?

How consumers and business owners answer may determine the direction of jobs and economic growth for the back half of 2014.

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3:29am

Sun May 25, 2014
Business

It's Geithner Vs. Warren In Battle Of The Bailout

In a war of words between Timothy Geithner and Elizabeth Warren over the bank bailout, who's the victor?
Mandel Ngan AFP/Getty Images

The financial crisis of 2008 caused such an enormous upheaval that future historians will long be asking: Who caused it? Who fixed it? Could it have turned out better?

Recently, two key players looked back: Former Treasury Secretary Timothy Geithner wrote Stress Test, Reflections on Financial Crisis, and Massachusetts Sen. Elizabeth Warren wrote A Fighting Chance.

The two reached opposite conclusions. Geithner believes the bank bailout proved its worth. Warren remains outraged that wealthy bankers have not been jailed.

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3:28pm

Fri May 23, 2014
The Two-Way

Economist Piketty's Work Doesn't Add Up, 'Financial Times' Says

Originally published on Fri May 23, 2014 4:16 pm

French economist and academic Thomas Piketty, in his book-lined office at the French School for Advanced Studies in the Social Sciences, in Paris, earlier this month.
Charles Platiau Reuters/Landov

French economist Thomas Piketty became a publishing superstar this year by putting two and two together and concluding that the rich are getting richer.

His best-seller, Capital in the Twenty-First Century, uses mountains of data to calculate Western wealth over the past two centuries. He says the historical statistics, drawn from many sources, show unrestrained capitalism inevitably leads to immense income inequality.

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1:59pm

Thu May 15, 2014
Business

Housing Is Perking Up, But Realtors Worry About Young Buyers

Originally published on Mon May 19, 2014 3:25 pm

iStockphoto

The U.S. housing market is strengthening after a tough winter, according to economists at a Realtors convention in Washington.

But even as the short-term outlook brightens, they remain worried about a long-term problem with "missing" young buyers.

"There really are serious issues in the first-time-buyer market," Eric Belsky, managing director of Harvard's Joint Center of Housing Studies, told the National Association of Realtors on Thursday.

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1:16pm

Wed May 14, 2014
It's All Politics

Bill Clinton Says His Wife's Brain Is Just Fine, Thank You

Originally published on Wed May 14, 2014 2:50 pm

Former President Bill Clinton answers questions Wednesday from Gwen Ifill of PBS NewsHour at the 2014 Fiscal Summit organized by the Peter G. Peterson Foundation in Washington.
AP

Bill Clinton says he was "dumbfounded" by Republican strategist Karl Rove's recent comments about Hillary Clinton's brain. But the former president was hardly left speechless.

"First they say she was faking her concussion; now they say she's auditioning for a part on The Walking Dead," Clinton said on Wednesday when asked about Rove's remark that Hillary may have suffered "brain damage" from a fall in 2012.

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3:40am

Sun May 11, 2014
Business

On Income Inequality: A French Economist Vs. An American Capitalist

Originally published on Mon May 12, 2014 7:11 am

iStockphoto

Picture a cozy cafe. At a small table, an economics professor from Paris is chatting with a wealthy businessman from New York.

As they sip coffee, they discuss economic history, and often nod and agree.

Then, as they stand to leave, each states a conclusion drawn from their conversation. But what they say is exactly, completely opposite.

One says economic history proves governments must impose very heavy taxes to break up concentrations of wealth. The other says governments should cut taxes to encourage wealthy people to pursue even bigger profits.

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11:51am

Fri April 25, 2014
Business

Gasoline Prices Rise As U.S. Refineries Send More Fuel Overseas

Originally published on Fri April 25, 2014 12:28 pm

With so much fuel headed elsewhere, the national average price for a gallon of regular gasoline is now $3.69, compared with $3.53 a month ago, according to AAA.
Rich Pedroncelli AP

The weather is warming and vacation season approaching.

And, just as predictably, the price of gasoline is rising. It does that every spring as refineries switch to more expensive summer blends.

But this year, the seasonal price bump is getting an extra bounce. Gasoline is costing consumers about 5 percent more than last year at this time, even though oil supplies are abundant. Why?

Experts say U.S. retail prices are nudging higher in large part because Gulf Coast refineries are sending more gasoline to other countries.

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4:40am

Fri April 18, 2014
Business

Obama Wants To Sell Exports To Asia, But Critics Aren't Buying

Originally published on Fri April 18, 2014 12:00 pm

Members of Japan's farmers association protest against the Trans-Pacific Partnership free-trade talks at a rally in Tokyo in March 2013.
Yoshikazu Tsuno AFP/Getty Images

Next week, President Obama is going to Asia, where he'll talk up a proposed deal to increase U.S. trade with that region.

If he succeeds, he could open up huge new markets for U.S. farmers and manufacturers, strengthen U.S. influence in Asia and set a path to greater prosperity.

At least, that's what the White House says.

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8:41am

Sun April 13, 2014
Economy

Frustrated With Congress, IMF Heads Leave D.C. With Budding Idea

The U.S., the IMF's most powerful member, has refused to sign off on reforms. On Saturday, global leaders suggested the IMF would turn to other options if Congress doesn't act by year's end.
Mandel Ngan AFP/Getty Images

As far as looks go, Washington turned in a dazzling performance as host city for this past week's meetings at the International Monetary Fund and World Bank.

Cherry blossoms peaked, tulips popped, and the air carried the sweet scent of hyacinths.

But politics-wise, Washington let down its global guests. They came begging Congress to approve a package of IMF reforms, but are leaving Sunday with nothing.

"We are all very disappointed by the ongoing failure to bring these reforms to conclusion," Australia's Treasurer Joe Hockey told reporters.

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3:38pm

Thu April 10, 2014
The Two-Way

German Fears About U.S. Spying Could Hurt Trade Deal

Originally published on Fri April 11, 2014 8:52 am

A carnival truck caricatures President Obama and the NSA spying scandal during a parade through Frankfurt, Germany, last month.
Frank Rumpenhorst EPA/Landov

Most Americans and Germans agree: More trade between the United States and the European Union would be a good idea.

But when you get down to details of a possible trade pact, suspicions pop up, according to a new poll conducted by the Pew Research Center in association with Germany's Bertelsmann Foundation.

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9:49am

Thu April 10, 2014
Economy

Wonk Week In Washington: When Briefings Are Better Than Blossoms

Originally published on Thu April 10, 2014 11:58 am

Pedestrians walk by the International Monetary Fund headquarters in Washington, D.C., site of the IMF/World Bank spring meetings.
Shawn Thew EPA/Landov

Let the senior-citizen tourists stare at the fluffy pink cherry blossoms.

Let the Midwestern seventh-graders tilt their heads back and gaze gape-mouthed at the Washington Monument.

Sure, this is a lovely week for them to be in Washington, D.C. It's April. It's gorgeous.

But no one is happier to be here this week than the wonks. And no, not the I-read-a-good-article-in-The-Economist wonk wannabes.

This week is for the true, serious wonks who just can't get enough of lecture halls, hearing rooms and soggy hors d'oeuvres.

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4:09pm

Wed April 9, 2014
The Two-Way

Turmoil in Ukraine Clouds The Region's Economic Outlook

When Americans envision the European economy, they may think of modern factories churning out sleek German cars and chocolatiers perfecting Belgian truffles.

That developed part of Europe is perking up. The International Monetary Fund said this week that, coming out of a crushing recession, Eurozone growth should be around 1.2 percent - sluggish but steady this year.

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