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
1:47 am
Mon February 9, 2015

Leaked HSBC Documents Shed Light On Swiss Banking Industry

Kirsty Wigglesworth AP

Originally published on Mon February 9, 2015 4:59 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
4:37 pm
Tue February 3, 2015

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

Originally published on Tue February 3, 2015 6:28 pm

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Law
12:27 pm
Tue February 3, 2015

Justice Dept. Settles S&P Lawsuit

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Business
6:16 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 10:07 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
6:18 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 3:41 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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Economy
4:24 pm
Wed January 7, 2015

Euro Falls To 9-Year Low Against U.S. Dollar

Originally published on Wed January 7, 2015 6:17 pm

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Parallels
3:22 am
Wed December 31, 2014

Sanctions Intensify Russia's Free Fall Into Economic Crisis

President Vladimir Putin speaks in Moscow on Dec. 23. Russia's current economic crisis stems from Western sanctions and diving oil prices.
Maxim Shipenkov AFP/Getty Images

Originally published on Wed December 31, 2014 11:39 am

A year ago, Russia's economy was riding high. Today, the country is widely thought to be entering a recession, if it's not already there.

The plunge in oil prices has been the main culprit, but Russia's economy has had trouble regaining its footing because of sanctions imposed by the West after the annexation of Crimea. President Obama and other Western leaders were quick to condemn Russia when it annexed the Crimean Peninsula last March, and they struggled to find a way to show their outrage.

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Economy
3:36 am
Tue December 16, 2014

'Reshoring' Trend Has Little Impact On U.S. Economy, Study Finds

An "Assembled in the USA" stamp is seen at the side of a box containing a 32-inch television set May 29 in the warehouse of Element Electronics, in Winnsboro, S.C. For the phenomenon of "reshoring," or bringing overseas jobs back to the United States, the electronics sector has been a leader.
Chris Keane Reuters/Landov

Originally published on Sun January 4, 2015 4:13 pm

A report on the phenomenon known as "reshoring" — the opposite of offshoring — shows that while a growing number of companies are returning to the United States to do their manufacturing, the trend is smaller and less significant to the economy than it appears.

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Your Money
3:30 am
Mon December 15, 2014

Lockheed Martin Case Puts 401(k) Plans On Trial

Aerospace giant Lockheed Martin is being sued for choosing retirement funds that shortchanged its employees and charged high fees.
Peter Macdiarmid Getty Images

Originally published on Mon December 15, 2014 7:16 am

A trial gets under way in St. Louis on Monday that could have a big impact on the way companies select 401(k) plans for their employees.

Lockheed Martin is being sued for choosing retirement funds that shortchanged its employees and charged high fees. The case tests the limits of a company's responsibilities to its employees at a time when 401(k) plans have become a central part of the nation's retirement system.

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Parallels
4:57 am
Fri October 31, 2014

Why Deflation Is Such A Big Worry For Europe

A farmer protesting falling prices dumps cauliflower in front of the prefecture building of Saint-Brieuc in northwestern France as police look on Sept. 24.
Fred Tanneau AFP/Getty Images

Originally published on Fri October 31, 2014 10:46 am

Growth is slowing all over the world right now, and that's especially true in Europe. Much of the continent is on the brink of another recession, and even the German economy is sputtering to a halt.

Some of the weakest countries, such as Spain and Italy, are actually experiencing deflation — a broad drop in incomes and asset values. It's a painful process that can be hard to reverse once it starts.

Europe's long, slow economic downturn has taken its toll on Javier Oroz Rodriguez, who owns a butcher shop in downtown Madrid.

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