Jim Zarroli

Jim Zarroli is a reporter who has covered business and the economy from NPR's New York bureau since 1996. In that position, he regularly covers a wide range of economic subjects, including employment, the stock market, the Federal Reserve System, deregulation, trade, and the media. His pieces can be heard regularly on Morning Edition and All Things Considered, and he is a contributor to NPR's On the Media.

Among the stories he has worked on recently are the accounting scandals at Enron, WorldCom, and other companies; the trials of Martha Stewart and Bernard Ebbers; the spread of tax shelters; the investigation of the insurance industry; the rise of oil prices; as well as numerous corporate mergers. As a reporter in New York, Zarroli also assisted in NPR's coverage of the Sept. 11 attacks on the World Trade Center, an experience that left an indelible mark on him.

Before covering business, Zarroli was a general assignment reporter for NPR. He also covered the United Nations during the first Gulf war and the Bosnia crisis. Zarroli started his radio career at WBUR-FM in Boston, and before that was a reporter at the Pittsburgh Press and the Associated Press. He has written for The Christian Science Monitor, The Los Angeles Times, and The Boston Globe.

Zarroli grew up in a small house in Wilmington, Delaware, with five siblings. He is a 1980 graduate of Pennsylvania State University, with a Bachelor of Arts in journalism. He loves traveling to new places, reading, gardening, and he likes most people except those who mistreat animals. He lives with his partner in New York and has two formerly stray cats.

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2:42am

Wed July 17, 2013
Business

Rising Interest Rates Worry Banking Industry

Originally published on Wed July 17, 2013 3:08 am

Five years after the start of the financial crisis, the U.S. banking industry continues to earn strong profits. On Tuesday, Goldman Sachs became the latest big bank to report better than expected earnings. But rising interest rates mean a riskier environment for banks.

12:28am

Mon July 1, 2013
Economy

Alabama County Files Plan To Exit Bankruptcy

Originally published on Mon July 1, 2013 8:57 am

Alabama's bankrupt Jefferson County has filed a 101-page plan that would force creditors to lose up to 70 cents on the dollar.

In 2011, the county underwent what's been called the largest government bankruptcy in U.S. history. It's in debt by about $4.2 billion.

Because of combination of corruption and poor management, the municipality was unable to repay money it borrowed to upgrade its sewage system.

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3:36pm

Wed June 19, 2013
Economy

G-8 Nations Pledge To Crack Down On Corporate Tax Evaders

Originally published on Wed June 19, 2013 8:18 pm

Leaders take part in the G-8 summit in Northern Ireland on Tuesday. Their discussions included tax-avoidance issues.
Ben Stansall WPA Pool/Getty Images

The world's wealthiest nations are promising to fight what they call the scourge of tax evasion. This week's meeting of the Group of Eight industrialized countries concluded with a pledge to end the use of tax shelters by multinational corporations.

But there are still big questions about how they will make a dent in the problem.

In the aftermath of the global recession, countries all over the world have struggled with budget shortfalls. More and more of them have come to blame part of their revenue problems on one culprit — tax avoidance.

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4:18pm

Wed June 12, 2013
All Tech Considered

Net Giants Try To Quell Users' Jitters About Their Data

Originally published on Wed June 12, 2013 5:00 pm

Google, like Facebook, Microsoft and other Internet companies, is concerned that data requests from U.S. surveillance agencies could ultimately damage its reputation in the U.S. and overseas.
Justin Sullivan Getty Images

Companies like Google and Facebook are very much caught in the middle of the current debate about national security and privacy. Press reports have said the companies are required to turn over huge amounts of customer data to government agencies like the National Security Agency, but the companies are often barred from saying anything publicly about the requests they receive.

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3:23am

Tue June 11, 2013
Business

Data Leak Could Undermine Trust In Government Contractor

Originally published on Tue June 11, 2013 9:56 am

Federal contractor Booz Allen Hamilton, headquartered in McLean, Va., employed Edward Snowden, the computer technician at the center of the controversy over leaks involving the National Security Agency.
Michael Reynolds EPA/Landov

In recent decades, a quiet revolution has been transforming the way Washington works.

Because the U.S. government does not have the workforce to complete all of its tasks, it employs private companies like Booz Allen Hamilton to do the work for it. Booz Allen is the company where Edward Snowden, who said he leaked secrets about the National Security Agency, most recently worked.

Over the past 25 years, this contract workforce has grown and plays a major role in the U.S. government, says Paul Light, a professor of public service at New York University.

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