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

Law
5:55 pm
Mon February 4, 2013

DOJ Plans To Sue S&P Over Its Ratings Of Mortgage-Backed Securities

Originally published on Tue February 5, 2013 10:29 am

Transcript

ROBERT SIEGEL, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.

AUDIE CORNISH, HOST:

And I'm Audie Cornish.

Ever since the financial crisis erupted in 2008, fingers have been pointing at ratings agencies. Well, today comes news that the U.S. government plans to sue the largest agency, Standard & Poor's for fraud. The case has to do with how the S&P rated mortgage-backed securities. To explain, we're joined by NPR's Jim Zarroli. Hey there, Jim.

JIM ZARROLI, BYLINE: Hi.

Read more
Economy
5:17 pm
Fri February 1, 2013

Stock Market Rallies On Positive Jobs Report

Originally published on Fri February 1, 2013 7:17 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.

We're going to take a look now at some economic indicators, and here's one number to start, 14,000. Today, the Dow closed above 14,000 for the first time since 2007. It seems the market liked what it saw in this morning's report from the Labor Department. Employers added 157,000 jobs last month, another example of slow but steady growth in the job market.

Read more
Economy
10:44 am
Wed January 30, 2013

In 4th Quarter, Economy Shrank For First Time Since '09

Transcript

STEVE INSKEEP, HOST:

It's MORNING EDITION, from NPR News. I'm Steve Inskeep, with Renee Montagne. Good morning.

Let's try again, shall we, to explain what it means when we hear that the U.S. economy shrank in the fourth quarter of 2012. As we've discussed elsewhere in the program, the decline was slight - just one-tenth of a percentage point - but it is the first contraction of the economy since the Great Recession officially ended in 2009. NPR's Jim Zarroli is with us once again in New York. Jim, good morning.

JIM ZARROLI, BYLINE: Good morning.

Read more
Economy
5:26 am
Sat January 26, 2013

Japan's Economic Plan May Be Bad News For Everyone Else

Masaaki Shirakawa, the governor of the Bank of Japan, speaks before the press in Tokyo on Friday. The central bank announced new measures to stimulate the economy Tuesday.
Rie Ishii AFP/Getty Images

Originally published on Sat January 26, 2013 5:36 pm

Moves taken by Japan's central bank are raising fears that the world could face what's called a "currency war." The measures, announced Tuesday, are designed to flood Japan's moribund economy with money and encourage businesses and consumers to spend more.

Steps like these have been tried again and again by countries all over the world — including the U.S. — in recent years, with mixed success.

What's Wrong With Pouring Money Into The Problem?

Read more
Business
5:47 pm
Tue January 15, 2013

Wal-Mart Offers Jobs To Any New Veterans With An Honorable Discharge

Originally published on Tue January 15, 2013 7:54 pm

Transcript

AUDIE CORNISH, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.

ROBERT SIEGEL, HOST:

And I'm Robert Siegel.

Wal-Mart said today that it will soon begin offering a job to any newly discharged veteran who wants one. The offer comes at a time when new veterans are having a tough time finding work. Also, Wal-Mart CEO Bill Simon promised the company will increase the amount of products it buys from domestic sources.

NPR's Jim Zarroli tells us more about both announcements.

Read more
Business
6:06 am
Tue January 8, 2013

Settlements Underscore Damage Done In Housing Crash

Transcript

STEVE INSKEEP, HOST:

Some other news: Some of the biggest banks in the country have agreed to pay more than $18 billion to settle allegations of wrongdoing in their mortgage lending. That's today's "Business Bottom Line."

Bank of America said yesterday it would pay more than $10 billion to the mortgage company Fannie Mae because of bad loans sold during the housing boom. And in a separate settlement, 10 banks agreed to pay more than $8 billion in total, to settle claims that they made errors in foreclosing on people's homes. NPR's Jim Zarroli reports.

Read more
Around the Nation
4:50 pm
Fri January 4, 2013

U.S. Unemployment Rate Held Steady In December

Originally published on Fri January 4, 2013 7:02 pm

Transcript

AUDIE CORNISH, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.

ROBERT SIEGEL, HOST:

And I'm Robert Siegel.

We got a snapshot of the economy at the end of 2012 today. And if you are hoping for a big change in this morning's jobs report, the picture is probably disappointing. In short, it's more of the same.

Read more
Economy
4:15 am
Mon December 31, 2012

Europe Fails To Stimulate Growth In 2012

Originally published on Mon December 31, 2012 12:52 pm

The U.S. economy grew at a steady though not very strong pace this year. But Europe slipped back into recession because of the ongoing debt crisis. European leaders took steps to stimulate growth, but it wasn't enough to reverse course.

The economic crisis that got under way five years ago was felt all over the world. But Mohammed El-Erian, CEO of the investment firm PIMCO, says different regions have healed at much different rates.

The year "2012 was another multispeed world globally, in the sense that different parts did different things," he says.

Read more
NPR Story
4:18 pm
Fri December 28, 2012

Major Port Strike Averted — For Now

Originally published on Fri December 28, 2012 5:06 pm

Transcript

AUDIE CORNISH, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish. A strike has been averted at many of the nation's busiest shipping ports, at least temporarily. The union representing longshoremen at ports along the East Coast and the Gulf of Mexico have threatened to walk off the job starting Sunday. But as we hear from NPR's Jim Zarroli, port operators and the union have reached agreement on one of their most contentious issues.

Read more
Business
5:07 pm
Thu December 20, 2012

NYSE To Change Hands In $8.2 Billion Deal

Originally published on Thu December 20, 2012 10:18 pm

Transcript

ROBERT SIEGEL, HOST:

After more than two centuries as an independent company, the New York Stock Exchange is about to change hands. It's being acquired by Atlanta-based IntercontinentalExchange, or ICE, as part of a deal valued at $8.2 billion. In recent years, ICE has exploded in growth.

And as NPR's Jim Zarroli reports, today's announcement is the latest in a series of rapid-fire changes that have transformed the world of stock trading.

Read more

Pages