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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Latin America
4:13 pm
Tue July 8, 2014

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

Originally published on Tue July 8, 2014 9:20 pm

After missing a June 30 deadline, Argentina has a 30-day grace period to pay investors $539 million in interest. Otherwise, the country will default on its debts. Argentinian officials argue they can't make the payment without triggering other debt payments that would bankrupt the country.

Economy
11:14 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.

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News
6:20 pm
Mon June 30, 2014

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

Originally published on Mon June 30, 2014 7:30 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.

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Business
5:45 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 7:08 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.

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Politics
4:06 pm
Tue June 17, 2014

Lightning-Fast Trades Go Beneath The Congressional Microscope

Originally published on Tue June 17, 2014 8:33 pm

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

Energy
7:07 am
Fri May 23, 2014

Political Rhetoric Bogs Down Future Of Keystone XL Pipeline

Originally published on Fri May 23, 2014 7:52 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.

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Business
4:16 pm
Mon May 19, 2014

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

Originally published on Mon May 19, 2014 8:54 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.

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Business
5:36 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 3:26 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.

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Business
5:34 pm
Tue May 6, 2014

Alibaba IPO Could Be The Biggest Ever

Originally published on Tue May 6, 2014 9:04 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
5:00 am
Mon May 5, 2014

Buffett Defends Coke Position At Berkshire Hathaway Meeting

Originally published on Mon May 5, 2014 9:29 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.

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