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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Business
2:41 am
Tue March 24, 2015

For Banks 'Too Big To Jail,' Prosecutors Count On A Promise To Behave

The logo of Swiss bank UBS is seen at the company's headquarters in Zurich. U.S. officials are investigating whether UBS and Barclays manipulated currency rates at a time when they were already operating under a deferred prosecution agreement for manipulating interest rates.
Arnd Wiegmann Reuters/Landov

Originally published on Tue March 24, 2015 1:49 pm

Last week, a top Justice Department official issued a tough warning to banks and other corporations that repeatedly commit crimes. She said U.S. officials could do away with their deferred-prosecution agreements.

Such deals allow companies that have broken the law to escape criminal convictions by promising to clean up their act. A new book looks at the role these agreements play in the corporate world.

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Business
4:55 pm
Fri March 13, 2015

Lumber Liquidators Defends Its Products After '60 Minutes' Report

A man walks past a Lumber Liquidators store in Philadelphia. The retailer says it stands by its products and will pay for the safety testing of laminate floors.
Matt Slocum AP

Originally published on Fri March 13, 2015 7:00 pm

Earlier this month, the flooring retailer Lumber Liquidators got the kind of attention companies dread. CBS' 60 Minutes did a story saying the company's products have unsafe levels of formaldehyde, a known carcinogen.

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Business
3:54 pm
Wed March 11, 2015

Targeting Unions: Right-To-Work Movement Bolstered By Wisconsin

Wisconsin Gov. Scott Walker became a Republican political star by taking on his state's public employee unions. This week he signed a bill that would weaken private-sector unions.
Cliff Owen AP

Originally published on Wed March 11, 2015 9:40 pm

This week, Wisconsin became the nation's 25th right-to-work state. It passed a law saying workers cannot be forced to join labor unions, or pay union dues, to keep a job.

There's a concerted effort in many states to pass laws that would weaken the power of labor unions. But unions and their allies are also fighting back in many places.

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Economy
5:16 pm
Tue February 17, 2015

Study Suggests Recession, Recovery Have Not Left The Rich Richer

Maggie Barcellano prepares dinner in January 2014 at her father's house in Austin, Texas. Barcellano, who lives with her father, enrolled in the food stamps program while she works as a home health aide and raises her 3-year-old daughter. A study suggests that social safety nets, including food stamps, helped cushion income losses for middle- and working-class Americans during the recession.
Tamir Kalifa AP

Originally published on Fri February 20, 2015 1:56 pm

The Great Recession exacted a huge toll on people in every income group, and recovering from it has been a long and grueling process.

To some economists, the recovery has exacerbated the very real trend toward income inequality in the United States. French economist Thomas Piketty has noted that between 2009 and 2012 incomes have grown, but almost all of those gains have gone to the wealthiest 1 percent.

It's a claim that has been repeated often, but Steven Rose of George Washington University says it needs to be put in perspective.

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Business
5:18 pm
Thu February 12, 2015

Obama's Plan To Tax Overseas Earnings Draws Scrutiny

Originally published on Sun February 15, 2015 11:01 am

American companies have about $2 trillion in overseas accounts — money they could be using to hire workers and pay dividends in the United States. But they're reluctant to do so, in part because of the way the U.S. tax system works.

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Business
12:47 am
Mon February 9, 2015

Leaked HSBC Documents Shed Light On Swiss Banking Industry

Kirsty Wigglesworth AP

Originally published on Mon February 9, 2015 3:59 pm

A huge trove of leaked documents is shedding new light on the secretive Swiss banking industry.

The documents were downloaded by a former computer security expert at the giant bank HSBC, and they were released over the weekend by the International Consortium of Investigative Journalists.

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Business
3:37 pm
Tue February 3, 2015

Standard & Poor's To Pay Over $1 Billion In Legal Settlement

Originally published on Tue February 3, 2015 5:28 pm

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

Transcript

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Law
11:27 am
Tue February 3, 2015

Justice Dept. Settles S&P Lawsuit

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

Transcript

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Business
5:16 pm
Thu January 29, 2015

Some Businesses Say Immigrant Workers Are Harder To Find

Fieldale Farms in Gainesville, Ga., says it can't keep enough workers to meet demand for its poultry products, despite paying $16 per hour plus benefits.
Jim Zarroli NPR

Originally published on Fri January 30, 2015 9:07 am

At Fieldale Farms in Gainesville, Ga., workers cut up chicken breasts and feed the parts into machines. The pieces are then marinated, breaded and eventually sold to restaurants.

The work here can be physically demanding. Not a lot of people want to do it — even though the average wage here is $16 per hour plus benefits.

Tom Hensley, the company president, says Fieldale Farms hires just about anyone who can pass a drug test.

"We hire 100 people a week. Because we have 100 people who quit every week, out of 5,000 employees," he says. "We're constantly short."

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News
4:58 pm
Fri January 23, 2015

Auto Loan Surge Fuels Fears Of Another Subprime Crisis

Auto dealers are extending loans to a growing number of people with weak credit.
Joe Raedle Getty Images

Originally published on Tue February 3, 2015 2:41 pm

The number of Americans buying autos approached a record high last year. It's one more sign of how much the economy is improving.

But there's a big potential downside that's evoking comparisons to the subprime mortgage boom. Auto dealers are extending loans to a growing number of people with weak credit, and more of them are having trouble making payments.

When Chris Westervelt moved from Texas to Alaska to take a job, he decided to trade in his Mazda for a car that could handle snow and ice.

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