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
11:47 pm
Sun February 8, 2015

Leaked HSBC Documents Shed Light On Swiss Banking Industry

Kirsty Wigglesworth AP

Originally published on Mon February 9, 2015 2:59 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
2:37 pm
Tue February 3, 2015

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

Originally published on Tue February 3, 2015 4:28 pm

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

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Law
10:27 am
Tue February 3, 2015

Justice Dept. Settles S&P Lawsuit

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Business
4:16 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 8:07 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
3:58 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 1:41 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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Law
2:26 pm
Wed January 21, 2015

Standard & Poor's Settles In SEC Ratings Fraud Case

Originally published on Wed January 21, 2015 5:00 pm

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

Economy
4:02 pm
Wed January 7, 2015

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

Originally published on Wed January 7, 2015 4:17 pm

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

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All Tech Considered
4:37 pm
Mon January 5, 2015

U.S. Credit Cards Tackle Fraud With Embedded Chips, But No PINs

To protect against fraud, U.S. banks will be issuing credit cards with small computer chips. But some experts say using a PIN to complete a transaction is more secure than a signature.
iStockphoto

Originally published on Tue January 6, 2015 9:00 am

This year, there will be an important change in the way Americans use their credit cards. More banks will be issuing cards with small computer chips, a move they say will protect against credit card fraud.

But banks are stopping short of another step that will make credit card usage even safer. And a lot of retailers aren't too happy about it.

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Parallels
1:22 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 9:39 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
4:32 pm
Thu December 18, 2014

Opportunity, Caution Seen For U.S. Banks As Cuba Rules Ease

President Obama announces changes to U.S. policy on Cuba, including relaxing restrictions on U.S. banking in the country, in Washington, D.C. on Wednesday.
Doug Mills / Pool EPA/Landov

Among the changes to U.S. restrictions on Cuba President Obama announced Wednesday was a relaxation of the rules barring U.S. banks from doing business there.

Americans traveling in Cuba will now be able to use their credit cards and ATM cards, but many U.S. banks see the new rules as something of a legal minefield.

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