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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Europe
4:00 am
Tue December 27, 2011

Rotterdam Port Feels Effects Of European Debt Crisis

As the debt crisis spreads across Europe, the economy in the region is slowing to a crawl. One place that's starting to feel the impact of the slowdown is the massive port of Rotterdam in Holland. It's the biggest port in the world outside Asia. Much of what's bought and sold in Europe goes through Rotterdam.

Europe
10:56 am
Mon December 19, 2011

Tied To Trade, Dutch Economy Falls With The Tide

The flower auction house in Aalsmeer, the Netherlands, is one of the largest in the world — and a part of the country's strong export base. As Europe's debt crisis continues, the Dutch economy is feeling the effects of being heavily reliant on world trade.
Pan Zhi Xinhua /Landov

The debt crisis in Europe got under way in small, heavily indebted countries like Greece and Ireland, but these days it's also being felt in the wealthy heartland.

The Dutch government says the country probably slipped into a recession at the end of this year, and like other countries, it's having to consider budget cuts.

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Economy
6:26 am
Sat December 17, 2011

SEC: Mortgage Execs Took Pains To Hide Risky Loans

Robert Khuzami (right), director of the U.S. Securities and Exchange Commission's Enforcement Division, announces that the SEC is charging six former top executives of Fannie Mae and Freddie Mac with securities fraud on Friday.
Win McNamee Getty Images

Originally published on Sat December 17, 2011 1:10 pm

Ever since Fannie Mae and Freddie Mac were taken over by the government in 2008, questions have swirled over who was responsible for their collapse. Friday, the Securities and Exchange Commission weighed in, filing fraud charges against former Fannie Mae CEO Daniel Mudd, former Freddie Mac CEO Richard Syron and four other former executives.

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NPR Story
3:00 pm
Fri December 9, 2011

E.U. Moves Ahead With Economic Reforms Package

Originally published on Fri December 9, 2011 6:12 pm

Transcript

ROBERT SIEGEL, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.

LYNN NEARY, HOST:

And I'm Lynn Neary. European officials are moving ahead today with a new package of economic reforms. That's after a long night of talks in Brussels. The effort to address the unyielding debt crisis has threatened European unity and one important country, the United Kingdom, has refused to sign off on the reforms. More on that in a moment, but first we hear about the new rules from NPR's Jim Zarroli.

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Europe
4:00 am
Thu December 8, 2011

High Stakes For Europe, World Economy In Brussels

France and Germany are trying to persuade other European countries to sign onto a package of reforms aimed at shoring up the embattled euro. They're hoping to win agreement in time for Friday's big summit of European leaders in Brussels. A failure to reach agreement could send the wrong signal to the financial markets, which are already deeply worried about Europe's fiscal problems.

NPR Story
3:00 pm
Wed November 30, 2011

Central Banks Act To Avert Banking Crisis

The major central banks of the world moved Wednesday to prevent a banking crisis in Europe. They're providing more liquidity to the European banking system in hopes that big banks there will remain solvent and continue to make loans. The coordinated move by the central banks sent stock markets soaring. But it will not even begin to fix Europe's fundamental economic problems.

Law
4:56 am
Tue November 29, 2011

Judge Rejects Citigroup, SEC Settlement

Originally published on Tue November 29, 2011 12:16 pm

Transcript

RENEE MONTAGNE, HOST:

In New York, yesterday, a federal judge rejected a settlement of a fraud case involving Citigroup. The Securities and Exchange Commission, which brought charges against the bank, had agreed to the $285 million deal. But Judge Jed Rakoff said he didn't believe the settlement was in the public interest. NPR's Jim Zarroli reports.

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Europe
3:48 pm
Thu November 24, 2011

Avoiding The Tax Man Could Cost Italians Dearly

As the European debt crisis drags on, one question being asked is what will happen to Italy. The new government of Prime Minister Mario Monti is struggling to convince the financial markets that the country has a plan to pay its debts. Among other things, Monti says he will do something about Italy's long tradition of tax evasion, which is considered somewhat of a national sport.

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Business
12:01 am
Mon November 21, 2011

Small Businesses Feel Crunch Of Italy's Debt Woes

Enrico Frare owns a small clothing company in Italy. He says it's so difficult to get credit in Italy right now some businesses are being forced to leave.
Jim Zarroli NPR

Enrico Frare isn't a well known name in Italian business. The 36-year-old runs E-group, a small clothing company in the commercial region around Treviso that makes winter sportswear.

But last month, Frare did something that attracted a lot of attention. He bought a full-page ad in Milan's main newspaper appearing in what might politely be called his birthday suit. The caption read: "Every day in Italy an entrepreneur risks losing his shirt."

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Economy
7:52 am
Sun October 30, 2011

Where Europe's Bailout Falls Short

Originally published on Fri December 16, 2011 4:23 pm

Over the next few weeks, European leaders have a big task ahead of them. They have to begin fleshing out that big bailout plan unveiled to so much fanfare in Brussels this week. The plan represents the most comprehensive effort so far to resolve Europe's grinding debt problems, which have done so much damage to the world's financial markets this year, but some issues may require a global effort to solve.

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NPR Story
3:00 pm
Thu October 13, 2011

Rajaratnam Sentenced To 11 Years

Convicted insider trader Raj Rajaratnam was sentenced to 11 years in prison Thursday. Rajaratnam was a founder of the Galleon Group hedge fund.

Economy
12:01 am
Tue October 11, 2011

Recession Nips At The Heels Of A Slow-Poke Recovery

Originally published on Fri January 6, 2012 7:05 pm

The Labor Department announced last week that the U.S. economy grew by just 103,000 jobs in September. A number like that isn't even enough to keep up with population growth. The fact that the report was widely greeted as positive news suggests just how low expectations have sunk this year.

Since January, the U.S. economy has been hit by a series of external shocks that brought a modest recovery nearly to a halt. The slowdown, however, may have been under way even before the shocks took place.

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Herman Cain
4:19 am
Wed September 28, 2011

Cain's Catchy 9-9-9 Tax Plan Draws Interest, Doubters

Republican presidential candidate Herman Cain speaks in Orlando, Fla., on Saturday. He won a GOP straw poll there with 37 percent of the vote.
Mark Wilson Getty Images

Last weekend, pizza magnate Herman Cain did something that surprised the political world: He came in first in a Florida GOP presidential straw poll.

One way Cain has attracted the attention of Republican voters is with what he calls his 9-9-9 plan. It's a cleverly marketed idea for changing the nation's tax code.

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