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 NPR's mid-day show 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 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 business reporter for the Akron Beacon Journal.

Over the years, she has filed news stories from China, Japan, South Africa and Europe. Recently, she headed to Europe to participate in the RIAS German/American Journalist Exchange Program.

Geewax was a 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 from The Ohio State University.

She is a member of the National Press Club's Board of Governors and serves on the Global Economic Reporting Initiative Committee for the Society of American Business Editors and Writers.

Stocks opened Monday with a swan dive: The Dow Jones industrial average plunged about 1,000 points, or 5 percent, in just minutes.

By midday, enough brave buyers had waded back in to push up prices — up to where losses were only around 1 percent or so.

But that didn't last. Around 3 p.m., the Dow dropped again, sliding nearly 700 points.

Stress-filled minutes ticked down until 4 p.m.: CLANG, CLANG, CLANG.

The closing bell rang. Brows were wiped, and commentators scrambled to explain why investors had seen both panic selling and panic buying.

Wow. That was ugly.

For investors, a brutal week ended Friday with prices plunging for stocks and commodities. The Dow Jones industrial average fell 531 to 16,460, a 3.12 percent drop.

Oil's tumble was especially notable. For a while, West Texas crude was trading below $40 a barrel — the first time that happened since March 2009. It finished at $40.45, marking an eight-week stretch of price declines — the longest losing streak since 1986.

If you watch the news shows on Sunday mornings, or cable news at night, you've probably seen that ad where parents are dropping off their daughter at college. And then they start to fret about, well, something involving access to investment advice.

The ad ends by urging you to "Tell Congress: Fix this now."

When China suddenly cut the value of its currency Tuesday, investors everywhere were caught off guard.

And they didn't like it. They sent both stock and commodity prices much lower. Even interest rates fell.

Now maybe you are wondering: Huh? What does this China move mean for me?

Before we get to that, let's first run through what happened on the other side of the world:

The Labor Department's July jobs report, released Friday, showed employers added 215,000 workers and that the unemployment rate was unchanged at 5.3 percent.

So how would you interpret that report if you were a policymaker for the nation's central bank?

It really — really — matters how you read those numbers, because you have a huge decision to make in September. You and the other Federal Reserve Board policymakers have to set the direction for interest rates.

Oil prices took another drop Monday, rattling the stock market and putting more downward pressure on gasoline prices.

For oil companies, the price slump is hitting hard at profits, but for U.S. motorists, the downshift has brought savings at the pump.

A mega-economic story is playing out globally. It involves U.S. interest rates, the Chinese stock market and jobs in Minnesota, Arizona and North Dakota.

And your wallet, too.

No kidding. It's all related. To see how, let your mind wander back.

Temperatures soar, flowers bloom and the sun rises early. On these long summer days, there still seems to be plenty of time for achieving your 2015 goals.

But not if you are a business lobbyist. For you, time is short.

Here's what you want by Christmas: a Pacific Rim trade deal; an updated No Child Left Behind Act; revival of the Export-Import Bank; long-term highway funding and a completed federal budget.

Is news coverage of Greece wearing you down? Too many deals and deadlines?

It's no wonder. The "Greek debt crisis" has been in progress for nearly six years, making it easy to assume that we're seeing just another crazy episode in a long-running drama.

But European leaders are saying this time it really is different. Here's why:

After a nerve-rattling plunge, stocks in Asia, Europe and the United States managed to end the week ahead of where they started.

But not so for industrial commodities. Their prices just keep heading south — creating more worries for miners, but good news for many manufacturers and consumers. The price drops could even help depress interest rates for all sorts of borrowers.

Before considering the impacts, first check out the magnitude of the changes. These are approximate prices, compared with one year ago:

  • Copper: $2.55 a pound, down from $3.27

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