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.

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Law
4:33 pm
Tue April 8, 2014

New Rules Force Big Banks To Keep A Bigger Cushion

Originally published on Wed April 9, 2014 5:24 am

Transcript

MELISSA BLOCK, HOST:

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

AUDIE CORNISH, HOST:

And I'm Audie Cornish.

Five and a half years after the financial crisis that devastated the global economy, U.S. officials are taking steps to strengthen the nation's banking system. Today, the Federal Reserve and the Federal Deposit Insurance Corporation approved tough new rules that require banks to hold a lot more capital on their books. Regulators say the requirements will reduce the risk of bank failures during bad economic times.

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Economy
4:08 pm
Mon April 7, 2014

How A Regulation Helped Ease Way For Stock Market's 'Flash Boys'

Originally published on Mon April 7, 2014 7:29 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. In recent years, high speed computers have drastically altered the way the stock market operates. What's called high frequency trading has been getting renewed attention thanks to "Flash Boys," the latest book from Michael Lewis. In that book, he argues the changes have created a lot of new problems.

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Business
5:53 pm
Wed April 2, 2014

Traders Defend High-Speed Systems Against Charges Of Rigging

"The stock market is rigged," says Michael Lewis, and high-frequency traders are to blame. But defenders of high-speed trading say it plays a legitimate role.
Paul Giamou iStockphoto

Originally published on Wed April 2, 2014 9:54 pm

The FBI and the Securities and Exchange Commission revealed this week that they're both investigating the world of high-frequency stock trading. They did so at a time when a new book on the subject, Flash Boys by Michael Lewis, is causing an uproar on Wall Street.

To read Lewis' book is to be reminded of how drastically the stock market has changed in a decade — and how opaque it remains. Lewis says this opacity serves to cover up some disturbing developments.

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News
4:30 pm
Tue April 1, 2014

American-Made, Haven-Kept? Congress Looks At Caterpillar's Tax Returns

Originally published on Tue April 1, 2014 7:58 pm

Caterpillar executives are on Capitol Hill answering questions about the company's tax returns. Caterpillar is accused of shifting money abroad to avoid billions in taxes. Company officials say Caterpillar has followed the law.

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

Transcript

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Business
5:10 pm
Fri March 28, 2014

Russia's Energy Market Heft Leaves Neighbors Unsettled

Originally published on Fri March 28, 2014 6:34 pm

Transcript

AUDIE CORNISH, HOST:

The crisis in Ukraine is raising new questions about Russia's role in the energy markets. Moscow has long used exports of oil and natural gas to win political concessions from countries on its borders. Europe gets a quarter of its natural gas from Russia.

As NPR's Jim Zarroli reports, that's making a lot of people there nervous.

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Business
5:06 am
Tue March 25, 2014

Jury Convicts 5 Ex-Madoff Employees Of Securities Fraud

Originally published on Tue March 25, 2014 7:33 am

A federal court jury in New York found 5 of Bernard Madoff's former employees guilty of fraud. They were accused of enriching themselves by helping the imprisoned financier carry out a Ponzi scheme.

Parallels
3:49 pm
Wed March 19, 2014

Western Sanctions On Russia Are 'A Shot Across The Bow'

Russian President Vladimir Putin looks on as Crimean leaders sign a treaty for Crimea to join Russia on Tuesday. In response, Western countries have imposed limited sanctions.
Sergei Ilnitsky AP

Originally published on Wed March 19, 2014 7:59 pm

Russian officials were quick to mock the limited economic sanctions on Moscow announced by the U.S. and Europe this week. In response to Russia's annexation of Crimea, Western leaders have frozen the assets of a handful of government officials and also barred them from getting visas to travel to the West.

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Business
5:07 am
Mon March 17, 2014

Chinese Tech Giant Alibaba Plans To Launch IPO In U.S.

Originally published on Mon March 17, 2014 11:59 am

Transcript

RENEE MONTAGNE, HOST:

And the Chinese Internet giant Alibaba says it plans to launch an initial public offering in the United States. Alibaba is known as the Chinese Google. and the IPO could be one of the biggest offerings in the history of the technology sector.

As NPR's Jim Zarroli reports, buying shares in the company brings some risk.

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Business
5:23 am
Thu March 13, 2014

FTC Launches Civil Probe Into Herbalife

Originally published on Thu March 13, 2014 7:44 am

The nutrition supplement company has been under attack by billionaire investor William Ackman, who's been pressing regulators to look into the way Herbalife operates.

News
5:01 pm
Wed March 12, 2014

FTC Investigates Herbalife, Following Claims It's A Pyramid Scheme

Originally published on Wed March 12, 2014 8:14 pm

Herbalife shares dropped on news the Federal Trade Commission is investigating the company. After shorting Herbalife's stock, hedge fund manager Bill Ackman's been lobbying politicians to investigate.

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