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

Business
4:09 am
Mon August 11, 2014

Amazon Blocks Pre-Orders Of Some Disney Movies

Originally published on Mon August 11, 2014 6:04 am

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

Business
2:45 pm
Thu August 7, 2014

White House Seeks Ways To Go It Alone In Keeping Companies Stateside

Originally published on Thu August 28, 2014 4:43 pm

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

Transcript

Read more
Business
4:11 am
Wed August 6, 2014

Feds Criticize Big Banks' Plans To Avoid Next Fiscal Crisis

Originally published on Wed August 6, 2014 5:45 am

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

Economy
3:15 am
Tue August 5, 2014

Obama Touts Improved Climate For U.S. Businesses

Originally published on Tue August 5, 2014 8:47 am

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

Transcript

DAVID GREENE, HOST:

Read more
World
9:23 am
Sat August 2, 2014

Sanctions Target Russian Oil, But Will That Persuade Putin?

An oil refining factory owned by the Russian company Rosneft, outside the town of Achinsk, Russia, in 2013. The company says that hundreds of sites are being explored throughout the country as potential sources of oil and gas — but to tap those sites, Russia depends on Western companies.
Ilya Naymushin Reuters/Landov

Originally published on Wed August 27, 2014 10:48 am

Both the United States and Europe announced new economic sanctions this week against Russia for its role in the conflict in Ukraine. Among other things, Western companies will no longer be able to sell Russia new technologies to develop its oil fields.

The move comes at a time when oil exports have become more important than ever for the Russian economy.

President Obama says the sanctions are meant to send a strong message:

Read more
NPR Story
3:07 am
Thu July 31, 2014

Argentina Is In Default. What Does That Actually Mean?

Originally published on Thu July 31, 2014 6:12 am

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

Transcript

LINDA WERTHEIMER, HOST:

Read more
Latin America
2:00 pm
Wed July 30, 2014

Late Rally From Argentina Fails To Delay Default

Argentina Economy Minister Axel Kicillof speaks during a news conference at the Argentina Consulate on Wednesday in New York. By the end of the day, a deal had not been reached with the country's creditors.
Stan Honda AFP/Getty Images

Originally published on Wed July 30, 2014 8:09 pm

Talks aimed at resolving Argentina's debt crisis have broken down in New York. A court-appointed mediator has declared that the country will go into default. It is the second time the country has defaulted in about 12 years.

With a midnight deadline looming, the government and its creditors walked away without a deal late Wednesday.

Argentina has been waging a protracted legal battle with a small number of bondholders. They want to be paid in full for bonds they purchased years ago.

Read more
Europe
2:13 pm
Mon July 28, 2014

International Court Rules Against Russia In $50 Billion Decision

Originally published on Mon July 28, 2014 5:40 pm

Russia says it will appeal an unfavorable decision by a court in The Hague. The Permanent Court of Arbitration awarded $50 billion to shareholders of the defunct Yukos oil company. Russia seized the company in 2003 and put owner Mikhail Khodorkovsky in jail on tax and fraud charges.

Read more
NPR Story
3:00 am
Mon July 28, 2014

Locked In U.S. Hedge Fund Battle, Argentina Faces Default

Originally published on Mon July 28, 2014 11:52 am

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

Transcript

RENEE MONTAGNE, HOST:

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

LINDA WERTHEIMER, HOST:

Read more
Economy
4:13 am
Thu July 24, 2014

How High Debt From The Housing Collapse Still Stifles Our Economy

An artist's installation shows pre-foreclosed homes in Newark, N.J., in July 2009 at the Queens Museum of Art in New York City.
Mario Tama Getty Images

Originally published on Thu July 24, 2014 11:05 am

"Foreclosure, foreclosure, foreclosure."

Real estate broker John Susani drives down a Paterson, N.J., street where every third house seems to be abandoned or boarded up. During the boom years, money flooded into Paterson.

"The banking industry allowed everyone to be a homeowner; they gave mortgages to people [just because they were] breathing," Susani says.

In some cases, he says, home prices jumped as much as 50 percent. The homes on these streets aren't worth nearly that much anymore.

Read more
Business
3:24 am
Thu July 17, 2014

Treasury Secretary Calls For Corporate Tax Code Overhaul

Originally published on Thu July 17, 2014 9:09 am

Transcript

RENEE MONTAGNE, HOST:

U.S. Treasury Secretary Jacob Lew says, there has been an uptick in the number of U.S. corporations moving their headquarters overseas in an effort to pay less tax. In a moment, we'll talk to David Wessel about what's allowing these moves to happen. We begin with NPR's Jim Zarroli.

Read more
Law
2:15 pm
Mon July 14, 2014

Citigroup Agrees To $7 Billion Fine For 'Egregious' Misconduct

Originally published on Mon July 14, 2014 4:24 pm

Citigroup has agreed to pay $7 billion to settle claims that it committed fraud when it sold mortgage-backed securities in the years leading up to the financial crisis. Most of the money will be paid to the U.S. Treasury, but some will be used to provide mortgage relief to struggling homeowners.

Business
10:34 am
Mon July 14, 2014

Citigroup Settles Subprime Mortgage Case For $7 Billion

Transcript

STEVE INSKEEP, HOST:

Citigroup has agreed to settle allegations that it defrauded investors in the years leading up to the financial crisis. The settlement requires Citigroup to pay $7 billion. Two and a half billion will go toward mortgage relief for homeowners. Now, this settlement involves mortgage-backed securities the bank packaged and sold to investors, and it was announced this morning by U.S. Attorney General Eric Holder. We're going to talk this through with NPR's Jim Zarroli who's on the line. Jim, good morning.

Read more
Latin America
2:13 pm
Tue July 8, 2014

With Default 23 Days Away, A Little Clause Could Cost Argentina Big

Originally published on Tue July 8, 2014 7:20 pm

Transcript

ROBERT SIEGEL, HOST:

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

MELISSA BLOCK, HOST:

And I'm Melissa Block. The clock is ticking for Argentina. Yes, in the World Cup, but here, we're talking about its effort to prevent another debt crisis. Argentina has until the end of this month to pay its bondholders or it risks going into default. As NPR's Jim Zarroli reports, the dispute hinges on one particular clause in the country's debt contracts that could cost the country billions of dollars.

Read more
Economy
9:14 am
Thu July 3, 2014

Report Shows 288,000 New Jobs In June

Transcript

RENEE MONTAGNE, HOST:

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

DAVID GREENE, HOST:

And I'm David Greene. Good morning. We begin this hour with more positive signs about the nation's economy. The Labor Department this morning said the U.S. unemployment rate fell to its lowest level in nearly six years last month, and employers added some 288,000 jobs to their payrolls. Here's NPR's Jim Zarroli.

Read more
Business
4:07 am
Thu July 3, 2014

Before The Holiday Weekend, Latest Jobless Report Is Issued

Originally published on Thu July 3, 2014 9:14 am

Transcript

DAVID GREENE, HOST:

We'll get an important snapshot of the U.S. economy today. The job market in this country has been racking up some healthy gains over the past few months. That trend is expected to continue. We'll find out if it does when the Labor Department releases its monthly jobs report later this morning. Here's a preview from NPR's Jim Zarroli.

Read more
Business
3:21 am
Tue July 1, 2014

French Bank To Pay $8.83 Billion In Sanctions Probe

Originally published on Tue July 1, 2014 12:24 pm

Transcript

RENEE MONTAGNE, HOST:

Read more
News
4:20 pm
Mon June 30, 2014

BNP Paribas Agrees To Nearly $9 Billion Fine And Admission Of Guilt

Originally published on Mon June 30, 2014 5:30 pm

Transcript

MELISSA BLOCK, HOST:

Banking giant BNP Paribas has agreed to pay American regulators nearly $9 billion dollars to settle charges of economic sanctions violations. It's the largest such fine ever imposed by the U.S. The bank will plead guilty to two criminal charges. It was accused of helping clients in Sudan, Cuba and Iran conduct business in the United States. NPR's Jim Zarroli reports.

Read more
Latin America
2:30 pm
Fri June 27, 2014

Bitter Debt Fight Between Argentina And U.S. Set To Reach Climax

Originally published on Wed September 3, 2014 2:26 pm

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

Transcript

AUDIE CORNISH, HOST:

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

MELISSA BLOCK, HOST:

Read more
Politics
3:19 am
Thu June 26, 2014

Absentee Ballots To Decide Whether Rep. Rangel Gets A 23rd Term

Originally published on Thu June 26, 2014 12:19 pm

Even though votes are still being counted, Rep. Charles Rangel has declared victory in his race against Adriano Espaillat. It could be more than a week before the results are available.

Law
2:07 pm
Mon June 23, 2014

U.S. Tip-Toes Closer To Unprecedented Fine On French Banking Giant

Originally published on Mon June 23, 2014 6:07 pm

Transcript

AUDIE CORNISH, HOST:

U.S. officials are close to a multibillion-dollar settlement with the giant, French bank BNP Pariba over allegations of sanctions violations. The bank is expected to admit that its affiliates did business with countries subject to U.S. economic sanctions - Sudan, Cuba and Iran. NPR's Jim Zarroli reports.

Read more
Business
2:57 pm
Fri June 20, 2014

U.S.-Foreign Mergers Raise Calls For Tax Reforms

Medtronic Chairman Omar Ishrak said the $43 billion merger with Covidien isn't just about cutting taxes — it makes business sense.
Brendan McDermid Reuters/Landov

Originally published on Fri June 20, 2014 5:08 pm

This week the big medical device company Medtronic said it was moving its legal headquarters from Minneapolis to Ireland. It's part of a $43 billion merger with another medical company, Dublin-based Covidien.

The move is a tax-saving strategy called an inversion and it's growing more common in the corporate world.

U.S. companies make huge amounts of money overseas every year and much of it stays there, stashed away in foreign accounts.

Read more
Politics
2:06 pm
Tue June 17, 2014

Lightning-Fast Trades Go Beneath The Congressional Microscope

Originally published on Tue June 17, 2014 6:33 pm

The Senate Permanent Subcommittee on Investigations is holding a hearing on problems in the financial markets caused by high-frequency trading firms.

Politics
2:01 pm
Thu June 12, 2014

Once A GOP Pillar, Chamber Of Commerce Is Now A Lightning Rod

Originally published on Thu June 12, 2014 5:44 pm

The Chamber of Commerce says it tried to help Eric Cantor in his primary campaign, but Cantor refused the offer.

Energy
4:59 am
Fri May 23, 2014

Political Rhetoric Bogs Down Future Of Keystone XL Pipeline

Originally published on Fri May 23, 2014 5:52 am

Transcript

RENEE MONTAGNE, HOST:

It's MORNING EDITION from NPR News. I'm Renee Montagne.

STEVE INSKEEP, HOST:

And I'm Steve Inskeep. Good morning. Last month the Obama administration put off a decision on whether to approve the Keystone XL pipeline. The project has been enormously controversial. It would carry crude oil from Canada to the Gulf of Mexico. This morning we examine what's at stake for the oil industry and for energy production. Here's NPR's Jim Zarroli.

Read more
Business
2:16 pm
Mon May 19, 2014

AT&T And DirecTV Mega-Merger Spells Changes For Media Landscape

Originally published on Mon May 19, 2014 6:54 pm

Transcript

AUDIE CORNISH, HOST:

Federal regulators are facing a decision on whether to allow another big media merger. This time, it's AT&T and DirecTV. Yesterday, the board of AT&T voted to acquire the satellite television company in a deal worth almost $50 billion. NPR's Jim Zarroli reports that the hope is to be a stronger competitor against the likes of Verizon and Comcast.

Read more
Business
3:11 am
Mon May 19, 2014

AT&T To Buy DirecTV In Nearly $50 Billion Deal

Originally published on Tue May 20, 2014 5:46 am

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

Transcript

RENEE MONTAGNE, HOST:

It's MORNING EDITION, from NPR News. Good Morning. I'm Renee Montagne.

DAVID GREENE, HOST:

And I'm David Greene.

Read more
Business
3:36 am
Fri May 9, 2014

Crowdfunding Can Help Build Business, But At What Cost?

The website RocketHub connects startups with a funding network. Here, the site's founders (from left): Alon Hillel-Tuch, Vladimir Vukicevic, Brian Meece and Jed Cohen.
RocketHub

Originally published on Mon May 12, 2014 1:26 pm

Entrepreneur Andy Krafsur raised money for Spira Footwear by reaching out to friends and family. But that was a dozen years ago. After the economy tanked, the common tactic became a lot more difficult.

"The pool of people that you can go to has shrunken significantly," Krafsur says, "and everybody goes to those same people."

Then Krafsur found a crowdfunding website that helped his cash flow enormously. The Securities and Exchange Commission is about to approve rules allowing small businesses to reach out to investors through these kinds of crowdfunding networks.

Read more
Business
3:24 pm
Tue May 6, 2014

Alibaba IPO Could Be The Biggest Ever

Originally published on Tue May 6, 2014 7:04 pm

Alibaba is the biggest e-commerce player in China. The Internet conglomerate is filing papers in the U.S. for what could be the biggest IPO ever.

Business
3:00 am
Mon May 5, 2014

Buffett Defends Coke Position At Berkshire Hathaway Meeting

Originally published on Mon May 5, 2014 7:29 am

Warren Buffett is under fire for not opposing Coca-Cola's executive compensation plan more aggressively. Buffett spoke about his decision at a shareholder meeting for his company Berkshire Hathaway.

Pages