Marilyn Geewax

Marilyn Geewax is a senior editor, assigning and editing business radio stories. She also serves as the national economics correspondent for the NPR web site, and regularly discusses economic issues on Tell Me More and Here & Now.

Her work contributed to NPR's 2011 Edward R. Murrow Award for hard news for "The Foreclosure Nightmare." Geewax also worked on the foreclosure-crisis coverage that was recognized with a 2009 Heywood Broun Award.

Before to joining NPR in 2008, Geewax served as the national economics correspondent for Cox Newspapers' Washington Bureau. Before that, she worked at Cox's flagship paper, the Atlanta Journal-Constitution, first as a business reporter and then as a columnist and editorial board member. She got her start as a reporter for the Akron Beacon Journal.

Over the years, she has filed business news stories from China, Japan, South Africa and Europe.

Geewax was a 1994-95 Nieman Fellow at Harvard, where she studied economics and international relations. She earned a master's degree at Georgetown University, focusing on international economic affairs, and has a bachelor's degree in journalism from The Ohio State University.

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Economy
3:40 pm
Fri November 2, 2012

Sandy, Election Could Skew Future Jobs Reports

Workers clean up debris left by Superstorm Sandy in Long Beach Island, N.J., on Wednesday. The storm may lead to layoffs as business losses mount, but also could result in hiring related to rebuilding.
Mark Wilson Getty Images

Originally published on Fri November 2, 2012 7:20 pm

Each month, the Labor Department issues an employment report. On Friday, that report showed job creation rose in October — and it revealed something more.

With its latest unemployment assessment, the government in effect took a BEFORE snapshot of the U.S. economy. It collected all of the data before Superstorm Sandy slammed into the East Coast and before the election outcome could be known. Each of those two events has the potential to change the AFTER outlook.

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The Two-Way
3:55 pm
Tue October 30, 2012

Keeping Sandy's Economic Impact In Perspective

A truck drives through a flooded street caused by Hurricane Sandy in New York City's Financial District on Tuesday.
Andrew Burton Getty Images

Originally published on Wed October 31, 2012 10:32 am

When Superstorm Sandy slammed into the East Coast on Monday, the fragile U.S. economy was just sitting there, stuck in a sluggish-growth mode.

Now, as the massive cleanup begins, business owners, workers and investors are wondering what impact the megastorm ultimately will have on their wallets. Did Sandy weigh down economic activity enough to drown the recovery? Or will the rebuilding efforts boost growth over the longer term?

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The Two-Way
5:04 pm
Mon October 29, 2012

Hurricane Sandy's Economic Impact Likely To Be Immense

Waves crash over a road as Hurricane Sandy comes up the coast Monday in Winthrop, Mass. Economists are predicting the storm will cost tens of billions of dollars.
Darren McCollester Getty Images

Originally published on Mon October 29, 2012 5:12 pm

Economists will need many days — maybe weeks or months — to assess the financial harm being done by Hurricane Sandy. But whatever the final figure, it will be huge, well into the tens of billions of dollars.

More than 60 million Americans are feeling the impact of the weather monster slamming New York, New Jersey, Maryland, the District of Columbia, Virginia, Connecticut, Pennsylvania and many other states. The howling mix of wind, rain and snow is causing massive direct losses, i.e., the destruction of private homes, stores, boats and cars.

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Business
1:36 pm
Wed October 24, 2012

Mortgage Interest Deduction Could Be In Play

About 34 million taxpayers take the mortgage interest deduction, for a typical savings of approximately $600 a year.
iStockphoto.com

Originally published on Wed October 24, 2012 6:23 pm

In coming months, Congress will begin an epic struggle to get the federal budget deficit under control. One tax break almost certain to come into play is the mortgage interest deduction.

Both President Obama and his Republican rival, Mitt Romney, have suggested ways to scale back the deduction's value for wealthy taxpayers. And many economists are cheering them on, saying that now — when interest rates are low — would be a great time to reduce or even phase out the deduction.

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Business
1:08 pm
Mon October 22, 2012

Can U.S. Still Lead In Economic And 'Soft' Power?

A Ford Focus on the assembly line in Wayne, Mich. "We have a lot going for us; we've got our problems, but others have problems that are as bad or worse," says Nariman Behravesh, chief economist at IHS Global Insight.
Bill Pugliano Getty Images

Originally published on Mon October 22, 2012 2:28 pm

At Monday night's foreign policy debate, the first round of questions for the presidential candidates will involve "America's role in the world."

The answers from President Obama and former Gov. Mitt Romney likely will focus on military readiness and anti-terrorism efforts. That's what most Americans would expect to hear, given that their country has been involved continuously in overseas combat since the terrorist attacks of 2001.

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Business
4:59 am
Fri October 19, 2012

Investors' Funds Are Recovering, But Not Their Nerves

Originally published on Fri October 19, 2012 10:14 am

Chicken Little was running wild 25 years ago today. But one could hardly blame the poultry for panicking.

On Oct. 19, 1987, the stock market plunged a record-setting 23 percent. The next day, the New York Daily News' front page screamed "Panic!" and a New York Times headline asked: "Does 1987 equal 1929?"

Turns out, the 1987 plunge was a mere stutter step. The Dow Jones industrial average, which closed at 1,739 that day, quickly bounced back. Within a decade, the stock-price average had nearly quintupled.

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The Two-Way
1:36 pm
Tue October 16, 2012

Citigroup CEO's Exit Leaves Wall Street Scratching Its Head

Vikram Pandit on the floor of the New York Stock Exchange on in June.
Spencer Platt Getty Images

Today's announcement that Vikram Pandit had abruptly resigned as chief executive of banking giant Citigroup has left competitors, analysts and media pundits stunned and sputtering.

"This comes as a huge surprise," William George, a Goldman Sachs board member, said in an interview on CNBC.

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Economy
11:30 am
Tue October 16, 2012

5 Questions 'Real' People Might Ask At The Debate

An audience member holds up his hand at a Mitt Romney town hall meeting in Dayton, Ohio, in March. Audience members will be allowed to ask questions at the second presidential debate, being held Tuesday night in Hempstead, N.Y.
Gerald Herbert AP

As this election year began, political pundits insisted the No. 1 issue would be the economy. They expected the candidates to offer voters detailed plans for encouraging job growth.

Now, with the election just three weeks away, many Americans are still scratching their heads, wondering what exactly President Obama and former Gov. Mitt Romney would do to improve the economy.

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Business
11:10 am
Thu October 11, 2012

Beep If You Understand Veep Buzzwords

Wind turbines dwarf a church near Wilson, Kan. The White House wants to extend a federal wind energy credit, but the Romney campaign wants to let it expire.
Charlie Riedel AP

Originally published on Thu October 11, 2012 12:07 pm

When Vice President Joe Biden and U.S. Rep Paul Ryan face off during their only debate, tens of millions of Americans will tune in to hear them defend their running mates' records.

And that audience Thursday night also will hear lots of budget-related buzzwords, with meanings that may not be entirely clear. Those words are shorthand for policies that could have huge impacts on taxpayers and the annual $1 trillion budget deficit.

Brushing up on terms of the debate can help voters better understand what's really being said on the stage at Centre College in Kentucky.

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The Two-Way
4:49 pm
Wed October 10, 2012

JPMorgan Chase CEO: 'I Should Have Caught' $5.8 Billion Error

JP Morgan Chase CEO Jamie Dimon, wearing a dark suit possibly made of sackcloth, didn't hold back when discussing the derivative trades that led to massive losses for his company.

"We made a stupid error," he said before a lunchtime audience at the Council on Foreign Relations in Washington on Wednesday. "We screwed up."

Then he got more specific: "I should have caught it ... I didn't."

The company estimates it lost $5.8 billion, thanks to a London-based trader, nicknamed the "London whale," who took large, risky positions in credit derivatives.

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