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
4:00 am
Mon May 5, 2014

Buffett Defends Coke Position At Berkshire Hathaway Meeting

Originally published on Mon May 5, 2014 8:29 am

Warren Buffett is under fire for not opposing Coca-Cola's executive compensation plan more aggressively. Buffett spoke about his decision at a shareholder meeting for his company Berkshire Hathaway.

Asia
2:37 am
Thu April 24, 2014

After Bangladesh Factory Disaster, Efforts Show Mixed Progress

Garment workers and relatives of Rana Plaza victims stage a demonstration on the outskirts of Dhaka, Bangladesh, Dec. 24.
Shariful Islam Xinhua/Landov

Originally published on Thu April 24, 2014 6:30 am

One year ago Thursday, an eight-story factory building in the Bangladesh capital of Dhaka collapsed, killing more than 1,100 workers. The disaster at Rana Plaza brought new attention to safety conditions in the country's booming garment industry.

In the year since then, some of the world's biggest retailers have begun inspecting Bangladesh's factories more aggressively. But in other ways efforts to reform the industry have fallen short.

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Business
3:01 pm
Wed April 23, 2014

Blockbuster Trades Are Changing The Face Of Pharmaceuticals

Originally published on Wed April 23, 2014 10:06 pm

Transcript

MELISSA BLOCK, HOST:

The pharmaceutical industry is undergoing some sweeping changes so the past few days, some major deals have been announced. The first involving a trio of big named companies: GlaxoSmithKline, Novartis and Ely Lily. The second is a proposed deal between Quebec-based Valeant Pharmaceuticals and California's Allergan, the maker of Botox. That deal is valued at $45 billion. NPR's Jim Zarroli reports.

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Economy
3:56 pm
Tue April 15, 2014

Sending Money On An Overseas Round Trip To Avoid Taxes

Round-tripping occurs when American citizens open bank accounts in tax havens such as the Cayman Islands, funnel money into the accounts and then use it to buy stocks and bonds back in the U.S.
David McFadden AP

Originally published on Tue April 15, 2014 5:03 pm

Some investors avoid paying taxes in a move called round-tripping — sending money offshore, then investing it in U.S. stocks or bonds. A study estimates it costs the U.S. billions in lost revenues.

Recently, MIT professor Michelle Hanlon and two colleagues set out to find out all they could about round-tripping.

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News
3:08 pm
Wed April 9, 2014

With Proposed Mega-Merger On The Hill, Spotlight's On Consumers

Originally published on Wed April 9, 2014 5:48 pm

Comcast and Time Warner executives ran into stiff opposition as they pitched their proposed merger to the Senate Judiciary Committee. The deal would give the combined company a large share of both pay TV and broadband internet service markets. In both cases, lawmakers wanted to know how consumers would be affected.

Law
3:33 pm
Tue April 8, 2014

New Rules Force Big Banks To Keep A Bigger Cushion

Originally published on Wed April 9, 2014 4:24 am

Transcript

MELISSA BLOCK, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Melissa Block.

AUDIE CORNISH, HOST:

And I'm Audie Cornish.

Five and a half years after the financial crisis that devastated the global economy, U.S. officials are taking steps to strengthen the nation's banking system. Today, the Federal Reserve and the Federal Deposit Insurance Corporation approved tough new rules that require banks to hold a lot more capital on their books. Regulators say the requirements will reduce the risk of bank failures during bad economic times.

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Business
4:53 pm
Wed April 2, 2014

Traders Defend High-Speed Systems Against Charges Of Rigging

"The stock market is rigged," says Michael Lewis, and high-frequency traders are to blame. But defenders of high-speed trading say it plays a legitimate role.
Paul Giamou iStockphoto

Originally published on Wed April 2, 2014 8:54 pm

The FBI and the Securities and Exchange Commission revealed this week that they're both investigating the world of high-frequency stock trading. They did so at a time when a new book on the subject, Flash Boys by Michael Lewis, is causing an uproar on Wall Street.

To read Lewis' book is to be reminded of how drastically the stock market has changed in a decade — and how opaque it remains. Lewis says this opacity serves to cover up some disturbing developments.

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News
3:30 pm
Tue April 1, 2014

American-Made, Haven-Kept? Congress Looks At Caterpillar's Tax Returns

Originally published on Tue April 1, 2014 6:58 pm

Caterpillar executives are on Capitol Hill answering questions about the company's tax returns. Caterpillar is accused of shifting money abroad to avoid billions in taxes. Company officials say Caterpillar has followed the law.

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

Transcript

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Business
4:10 pm
Fri March 28, 2014

Russia's Energy Market Heft Leaves Neighbors Unsettled

Originally published on Fri March 28, 2014 5:34 pm

Transcript

AUDIE CORNISH, HOST:

The crisis in Ukraine is raising new questions about Russia's role in the energy markets. Moscow has long used exports of oil and natural gas to win political concessions from countries on its borders. Europe gets a quarter of its natural gas from Russia.

As NPR's Jim Zarroli reports, that's making a lot of people there nervous.

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News
4:00 pm
Mon March 24, 2014

Madoff Aides Found Guilty For Role In Massive Ponzi Scheme

Originally published on Mon March 24, 2014 5:46 pm

Five of Bernie Madoff's former employees were found guilty of helping him fleece investors of $17 billion. They were convicted on charges of securities fraud, conspiracy and tax evasion.

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