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.

Shareholders of ExxonMobil and Chevron have voted to reject a series of resolutions aimed at encouraging the companies to take stronger actions to battle climate change.

But ExxonMobil shareholders voted in favor of a rule that could make it easier for minority shareholders to nominate outsiders to the company's board, a potential victory for environmentalists.

Activist shareholders at both companies had placed an unusual number of resolutions on the ballot related to climate change.

Monsanto has rejected a $62 billion takeover bid from Bayer as "incomplete and financially inadequate," but left the door open to further negotiations with the German chemical and pharmaceutical giant.

Copyright 2016 NPR. To see more, visit http://www.npr.org/.

U.S. officials have charged the former chairman of Dean Foods with passing inside information to Las Vegas sports bettor Billy Walters, in a case that also involves professional golfer Phil Mickelson.

Prosecutors say that between 2008 and 2014, Thomas Davis gave Walters information about the financial performance of his company that had not been made public.

In exchange, Davis received business opportunities, investment capital and $1 million in unpaid loans, according to court documents.

Donald Trump has made various statements about his tax plan in recent days that have left some people pretty confused about just what he'd like to do. Here's a guide to interpreting his remarks.

"In other words, it's going to cost me a fortune." — News conference, Sept. 28, 2015

At a news conference at Trump Tower, Trump unveiled a series of proposals to dramatically simplify and cut business and personal taxes.

Donald Trump says he can "make America great again" through his prodigious skills as a dealmaker, using them to reshape trade pacts, prevent Iran from developing nuclear weapons and stop illegal immigration.

His infamous effort to acquire control of the Empire State Building from some of New York's most powerful real estate titans in the 1990s shows how aggressive he can be, the kind of people he's willing to do business with and how he can still make money even when he loses.

The anonymous source behind the Panama Papers document dump has offered to help law enforcement officials pursue wrongdoers, in exchange for immunity from prosecution.

When Jennifer Kaiser's mother was her age, a lot of the women she knew were stay-at-home moms who could maintain a solid standard of living without taking outside work. These days, that's pretty much an unaffordable luxury.

"For me and a majority of the people I know it's a paycheck-to-paycheck society. That's the way it is and it stinks," said Kaiser, a 44-year-old legal assistant at a downtown Indianapolis law firm.

Matt Coy likes to tell people how he went 47 years without voting. Not once. Not even for high school class president.

But there he was last Friday at an early-voting center at a county parks building in Columbus, Ind., excitedly preparing to cast his ballot for Republican Donald Trump.

"I've lost three factory jobs in the last 10 years, to go to China or go to Mexico or go to somewhere out of the country. We're losing our jobs to everybody else. We need 'em back. I think he can do it," Coy said.

Three years after an eight-story factory building collapsed in Bangladesh, killing more than 1,100 people and injuring 2,000 others, union leaders and relatives of the victims say not enough has been done to compensate those affected.

"Three years have passed and still we don't see any justice. No one has been held to account for one of history's worst man-made disasters," union leader Abul Hossain said at a commemorative protest at the site of the disaster.

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Top executives at the biggest Wall Street firms would have to wait four years to collect most of their bonus pay and could be forced to return the money in the event of wrongdoing, under proposed rules unveiled by federal regulators.

The rules, which were released Thursday by the National Credit Union Administration for public comment, say senior executives at firms worth more than $250 billion must wait to collect 60 percent of their bonus pay.

Executives at firms valued at $50 billion to $250 billion would have to wait three years to receive half their bonuses.

The European Union has filed new antitrust charges against Google, alleging that it uses its Android operating system to impose unfair conditions on makers of mobile devices.

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We found that Google pursues an overall strategy on mobile devices to protect and expand its dominant position in internet search," Margrethe Vestager, the EU's commissioner for competition, said in a statement today.

Sen. Bernie Sanders says that if he is elected president in November, one of his first acts in office would be to begin breaking up the large financial institutions that pose a grave risk to the economy.

But there's a problem with that idea: It's not clear the president has the legal authority to break up the banks.

"It's not something the president can do. It's not even something the Treasury can do," says Karen Shaw Petrou, managing partner of Federal Financial Analytics.

The leaking of more than 11 million documents from Panamanian law firm Mossack Fonseca earlier this month cast new light on the arcane world of offshore shell companies, long a favorite hiding place for the very rich.

Goldman Sachs has become the latest big bank to agree to a multibillion-dollar settlement over the way it packaged and sold mortgage-backed securities in the heady days of the housing boom.

The Justice Department said Monday that Goldman had agreed to pay $5.06 billion over its conduct in the packaging and sale of residential mortgage-backed securities between 2005 and 2007.

Goldman Sachs has become the latest big bank to agree to a multibillion-dollar settlement over the way it packaged and sold mortgage-backed securities in the heady days of the housing boom.

The Justice Department said Monday that Goldman had agreed to pay $5.06 billion over its conduct in the packaging and sale of residential mortgage-backed securities between 2005 and 2007.

Poor people who reside in expensive, well-educated cities such as San Francisco tend to live longer than low-income people in less affluent places, according to a study of more than a billion Social Security and tax records.

Copyright 2016 NPR. To see more, visit http://www.npr.org/.

Copyright 2016 NPR. To see more, visit http://www.npr.org/.

Donald Trump first made his mark in the mid-1970s by purchasing the venerable Commodore Hotel in Midtown Manhattan and covering it with stainless steel and glass.

It was the beginning of a long, carefully planned campaign to create a Trump brand of glitz and glamour — one that he would attach to everything from champagne to neckties.

Now some people think that the mud-slinging presidential campaign may have seriously damaged Trump's brand, especially with the high-income crowd he caters to.

Copyright 2016 NPR. To see more, visit http://www.npr.org/.

U.S. companies will find it much harder to reduce their taxes by merging with foreign firms under new rules introduced by the Obama administration, and that's already throwing the fate of one big deal in doubt.

Shares of Allergan were down sharply Tuesday, as investors questioned whether its $150 billion merger with pharmaceutical giant Pfizer will still take place.

A huge trove of documents leaked from a large Panamanian law firm is shedding light on the global business of tax avoidance. The papers reveal that large numbers of world leaders, athletes and movie stars hired the firm to set up shell corporations and offshore accounts with the aim of hiding their money. Regulators around the world say they will use the document dump to pursue illegal activity.

General Electric wants to be removed from the federal government's list of too-big-to-fail financial institutions, arguing that it's no longer a major player in the financial services industry.

Copyright 2016 NPR. To see more, visit http://www.npr.org/.

Over the past few decades, New York City has become safer, richer and a lot more crowded than it used to be. All over Manhattan these days, you can see apartment buildings going up — and yet finding a decent place to live has become tougher than ever.

"We are in an official housing crisis, period, in New York City," says Alicia Glen, New York City's deputy mayor for housing and development. "Our population is growing much more rapidly than our housing stock and so we have a really imbalanced housing market."

Copyright 2016 NPR. To see more, visit http://www.npr.org/.

Transcript

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It has never been this tough to find a decent place to rent in New York City. Over the past few decades, the city has become safer, richer and a lot more crowded. As NPR's Jim Zarroli reports, just 3 percent of apartments are vacant.

Copyright 2016 NPR. To see more, visit http://www.npr.org/.

Transcript

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Argentina has reached an agreement with some of its creditors that should help end a long and acrimonious dispute that has blocked the country from the international bond markets.

The deal, which must be approved by Argentina's Congress, calls for the government to pay $4.653 billion to four of the so-called holdout U.S. hedge funds. That equals about 75 percent of what they claimed they were owed.

Like other presidential candidates before him, Donald Trump is under pressure to release his tax returns. Former GOP presidential candidate Mitt Romney (who faced tax disclosure issues of his own) even suggested this week that Trump was refusing to do so because they contain a "bombshell."

At Thursday's Republican debate in Houston, Trump explained that he cannot release his returns because he is being audited by the Internal Revenue Service.

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