Chris Arnold

NPR correspondent Chris Arnold is based in Boston. His reports are heard regularly on NPR's award-winning newsmagazines Morning Edition, All Things Considered and Weekend Edition. He joined NPR in 1996, and was based in San Francisco before moving to Boston in 2001.

In recent years, Arnold has spent much of his time reporting on the financial crisis, its aftermath, and the U.S. economy's ongoing recovery. He has focused on the housing bubble and its collapse. And he's reported on problems within the nation's largest banks that have led to the banks improperly foreclosing on thousands of American homeowners. For this work, Arnold earned a 2011 Edward R. Murrow Award for the special series, The Foreclosure Nightmare. He's also been honored with the Newspaper Guild's 2009 Heywood Broun Award for broadcast journalism. He was chosen by the Scripps Howard Foundation as a finalist for their National Journalism Award, and he won an Excellence in Financial Journalism Award from N.Y. State's society for CPA's.

Arnold is also reporting on the now government-owned mortgage giants Fannie Mae and Freddie Mac. In a series of stories in partnership with ProPublica, Arnold exposed investments at Freddie Mac that raised serious concerns about a conflict of interest between Fannie and Freddie's massive investment portfolios, and their mission to make home ownership more affordable. The stories generated widespread attention, and led to calls for an investigation by members of Congress.

Arnold was recently honored with a Nieman Journalism Fellowship at Harvard University during the 2012-2013 academic year. He joined a small group of other journalists from the U.S. and abroad and studied, among other things, economics and the future of home ownership in America.

Prior to that, Arnold covered a range of other subjects for NPR – from Katrina recovery in New Orleans and the Gulf Coast, to immigrant workers in the fishing industry, to a new kind of table saw that won't cut your fingers off. He traveled to Turin, Italy, for NPR's coverage of the 2006 Winter Olympics. He has also followed the dramatic rise in the numbers of teenagers abusing the powerful and highly addictive painkiller Oxycontin – more than 1 out of 20 high school seniors report using the drug.

In the days and months following the Sept. 11, 2001, attacks, Arnold reported from New York and contributed to the NPR coverage that won the Overseas Press Club and the George Foster Peabody Awards. He chronicled the recovery effort at Ground Zero, focusing on members of the Port Authority Police department, as they struggled with the deaths of 37 officers - the greatest loss of any police department in U.S. history.

Prior to his move to Boston, Arnold traveled the country for NPR doing feature stories on entrepreneurship. His pieces covered technologists, farmers, and family business owners. He also reported on efforts to kindle entrepreneurship in economically disadvantaged areas ranging from inner-city Los Angeles to the Pine Ridge Indian reservation in South Dakota.

Arnold has worked in public radio since 1993. Before joining NPR, he was a freelance reporter working out of San Francisco's NPR Member Station, KQED.

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Your Money
3:42 am
Mon April 21, 2014

How Do Companies Boost 401(k) Enrollment? Make It Automatic

iStockphoto

Originally published on Mon April 21, 2014 2:15 pm

More Americans are saving for retirement through their employers' 401(k) programs. That's because in recent years they've been given a strong nudge — more companies are automatically enrolling workers in retirement savings programs.

Some firms are also automatically increasing the amount employees contribute. That's just as important, experts say.

And all of this makes a big difference: Without it, millions of Americans don't save at all.

Making Time For Retirement Planning

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Economy
4:30 pm
Fri April 11, 2014

Onlookers Show No Worry Over Market's Week In Tumult

Originally published on Fri April 11, 2014 8:13 pm

Transcript

MELISSA BLOCK, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Melissa Block.

AUDIE CORNISH, HOST:

And I'm Audie Cornish. Volatile, that's the kind of week the stock market had. Investors sold off high-flying technology and biotech stocks. Weak bank earnings also added to the sour mix. The NASDAQ is down 8 percent from its peak this year. The S&P 500, it's off 4 percent. But as NPR's Chris Arnold reports, the sell-off hasn't triggered alarm and indicators for the broader economy are mostly positive.

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Rethinking Retirement: The Changing Work Landscape
6:20 pm
Thu April 3, 2014

One More Speed Bump For Your Retirement Fund: Basic Human Impulse

We hate losing twice as much as we love winning, behavioral researchers say. And that gets us into trouble with financial decisions.
iStockphoto

Originally published on Thu April 3, 2014 7:34 pm

Saving for retirement is a challenge facing most Americans. Research shows the challenge is made harder by our basic human impulses. We know we should be saving. But we don't. We consistently make bad financial decisions.

One thing that leads us astray is what behavioral economists call "loss aversion." In other words, we hate losing. And that gets in the way of us winning — if winning is making smart financial decisions.

How A Smashed Car Is Like A Smashed Nest Egg

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Parallels
5:22 pm
Wed March 26, 2014

How Russia's Annexation Of Crimea Could Hurt Its Economy

A street vendor in Simferopol, Crimea, sells eggs with the dual currency price tags in Russian rubles and Ukrainian hryvnias. Russia's annexation of Crimea mean it will now have to prop up the peninsula's weak economy.
Dmitry Serebryakov AFP/Getty Images

Originally published on Thu March 27, 2014 11:05 am

Russian President Vladimir Putin's swift move to annex Crimea is seen as a sign of strength by many Russians, and it has boosted Putin's popularity at home. But when it comes to Russia's economy, many analysts think Russia's prospects are looking weaker.

In recent days, we've seen Russians rallying in the streets, waving flags and celebrating Putin's move to reclaim Crimea as part of Russia.

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Your Money
4:44 am
Tue March 18, 2014

Report: Most Americans Not Putting Enough Away For Retirement

Originally published on Tue March 18, 2014 9:44 am

The stock market surge has given a lift to many retirement portfolios. But a new report finds that most Americans haven't saved nearly enough for the kind of retirement they expect.

Economy
5:29 pm
Tue March 4, 2014

Severe Weather Socks The Economy, But Full Impact Is Unclear

It's too cold to eat out.
John Moore Getty Images

Originally published on Tue March 4, 2014 6:31 pm

The economy often absorbs the impact of snowstorms, such as this week's storm, without much trouble, but this winter the weather is doing more damage than usual.

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Economy
7:20 am
Sun March 2, 2014

With Housing Recovery, Mortgage-Market Jobs Dip

Originally published on Fri March 14, 2014 2:24 pm

Transcript

JACKI LYDEN, HOST:

JP Morgan Chase announced this past week that it's going to lay off 8,000 people this year, most of them in the company's residential home loan business. Home sales are slowing nationwide and are now at their lowest point in 18 months. So, does that mean we headed for another housing swoon? Well, NPR's Chris Arnold says that things might be better than they appear.

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Around the Nation
4:55 pm
Thu February 13, 2014

Grounded And Confounded, Airlines Wait For Storms To Pass

Originally published on Thu February 13, 2014 7:58 pm

The snow and ice storms sweeping the East Coast have been felt not only on the ground but in the air, as well. Airlines are cancelling thousands of flights, and both the companies and their passengers have had to deal with the fallout.

Economy
9:43 am
Sat February 8, 2014

January Job Growth Disappoints, But Unemployment Drops

Originally published on Sat February 8, 2014 12:05 pm

The U.S. added just 113,000 jobs in January, instead of the 180,000 analysts had predicted. Despite the anemic gains, the unemployment rate inched down to 6.6 percent, the lowest level since October 2008.

Economy
5:06 pm
Fri January 24, 2014

Trouble In Emerging Markets Causes Stocks To Take A Tumble

Originally published on Fri January 24, 2014 7:29 pm

Transcript

MELISSA BLOCK, HOST:

Stock prices soared in the past year, but this was a rough week and prices really tumbled today. The Dow lost 318 points, the S&P 500 and the NASDAQ both fell 2.1 percent. This was part of a global sell-off, as investors focus on the growing financial turmoil in the developing world. NPR's Chris Arnold is following this and he joins me now. Chris, the year started off looking like the global economy was more stable. We didn't have a financial crisis unfolding somewhere. So what's going on now?

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