Chris Arnold

NPR correspondent Chris Arnold is based in Boston. His reports are heard regularly on NPR's award-winning newsmagazines Morning Edition, All Things Considered, and Weekend Edition. He joined NPR in 1996, and was based in San Francisco before moving to Boston in 2001.

Arnold is currently covering the collapse of the housing market. He's reported on how a breakdown in lending standards has led to the highest foreclosure rate in the United States in more than 50 years. For his series on the sub-prime lender Ameriquest, he interviewed former employees from around the country who described widespread fraud at the company's offices. With more than a million people now facing foreclosure, Arnold continues to cover the ongoing crisis and the efforts to resolve it. For this work, Arnold won the Newspaper Guild's 2009 Heywood Broun Award for broadcast journalism. He has also been honored by the Scripps Howard Foundation as a finalist for their National Journalism Award, and he won an Excellence in Financial Journalism Award from N.Y. State's society for CPA's.

Arnold has covered a range of other subjects and stories for NPR – from Katrina recovery in New Orleans and the gulf coast, to immigrant workers in the fishing industry, to a new kind of table saw that won't cut your fingers off. He traveled to Turin, Italy, for NPR's coverage of the 2006 Winter Olympics. He has also followed the dramatic rise in the numbers of teenagers abusing the powerful and highly addictive painkiller Oxycontin – more than 1 out of 20 high school seniors report using the drug.

In the days and months following Sept. 11, 2001 attacks, Arnold reported from New York and contributed to the NPR coverage that won the Overseas Press Club and the George Foster Peabody Awards. He chronicled the recovery effort at Ground Zero, focusing on members of the Port Authority Police department, as they struggled with the deaths of 37 officers - the greatest loss of any police department in U.S. history. Arnold followed the lives of those who lived and worked around ground zero - from bond-traders and Chinatown garment sewers to small business owners - as they sought to put their lives back together again.

Prior to his move to Boston, Arnold traveled the country for NPR doing feature stories on entrepreneurship. His pieces covered technologists, farmers, and family business owners. He also reported on efforts to kindle entrepreneurship in economically disadvantaged areas ranging from inner-city Los Angeles to the Pine Ridge Indian reservation in South Dakota.

Arnold has worked in public radio since 1993. Before joining NPR, he was a freelance reporter working out of San Francisco's NPR Member station, KQED.

Pages

2:00am

Thu October 27, 2011
Economy

Trucking Gives Reason For Economic Optimism

One little-noticed measure of economic growth is the Truck Tonnage Index. The latest reading shows that trucks are carrying more goods, and that suggests the economy is doing well enough to avoid a recession.

2:00am

Tue October 25, 2011
Politics

Refinancing A Focus Of Obama's Economic Plan

Originally published on Tue October 25, 2011 10:59 am

Speaking in Las Vegas on Monday, President Obama announced a plan for homeowners to refinance mortgages at low interest rates, if they met certain conditions.

Jewel Samad AFP/Getty Images

President Obama's home refinancing plan seeks to let a million or more American homeowners save money on their mortgages, even if those loans are underwater. But the plan announced Monday is not a new idea: A pair of economists at Columbia University — Chris Mayer and Glenn Hubbard — have been proposing a similar measure for years.

Read more

3:00am

Mon October 24, 2011
Crisis In The Housing Market

Housing Crisis A Hot Topic For Presidential Hopefuls

Originally published on Mon October 24, 2011 5:03 pm

Former U.S. Sen. Rick Santorum, U.S. Rep. Ron Paul, businessman Herman Cain, former Massachusetts Gov. Mitt Romney, Texas Gov. Rick Perry, Former House Speaker Newt Gingrich and U.S. Rep. Michele Bachmann participate in a Republican presidential debate last week in Las Vegas.

Ethan Miller Getty Images

Home prices across the U.S. have dropped 30 percent from their peaks, a downturn that has sapped trillions of dollars in wealth from Americans. Not surprisingly, it's a hot topic for presidential candidates this campaign season. But so far, new ideas about how to fix the crisis have been scarce.

On Monday, President Obama is visiting Nevada, where he's expected to announce his administration's latest proposals on housing. The state is at the epicenter of the downturn, with the latest reports showing home prices and sales numbers continuing to slip.

Read more

10:01pm

Wed October 19, 2011
Economy

Frustration Over Jobs Unites 'Occupiers' In Boston

Occupy Boston protesters congregate across the street from the Federal Reserve Bank of Boston.

Chris Arnold NPR

The U.S. hasn't had unemployment this high for this long since the Great Depression. That's weighing heavily on a lot of Americans and seems to be a key part of the frustration and anger that's being directed at Wall Street and the big banks. For many people, it's not so much about high finance as it is about a weekly paycheck.

"I'm unemployed, and I'm down here because I'm unemployed," says Bob Norkus, a protester in downtown Boston.

Walking around, it doesn't take long to figure out that many people here have the same problem.

Read more

10:01pm

Sun October 16, 2011
Crisis In The Housing Market

Housing Market Stuck Despite Low Prices, Rates

Originally published on Mon October 17, 2011 8:32 am

A bank-owned sign is seen in front of a foreclosed home in Miami. Florida was among the hardest hit states in the real estate collapse.

Joe Raedle Getty Images

Three years ago, the real estate market was simple — simply terrible, that is. In virtually every part of the country, foreclosures were shooting up and prices were plunging. Today, the real estate picture is more nuanced. Foreclosures are still rising, but prices are stabilizing in some markets, making home-buying look more attractive.

If you had talked to some good economists just before the housing bubble burst, they would have told you it didn't make sense to buy a house.

Read more

Pages