Marilyn Geewax

Marilyn Geewax is a senior editor, assigning and editing business radio stories. She also serves as the national economics correspondent for the NPR web site, and regularly discusses economic issues on Tell Me More and Here & Now.

Her work contributed to NPR's 2011 Edward R. Murrow Award for hard news for "The Foreclosure Nightmare." Geewax also worked on the foreclosure-crisis coverage that was recognized with a 2009 Heywood Broun Award.

Before to joining NPR in 2008, Geewax served as the national economics correspondent for Cox Newspapers' Washington Bureau. Before that, she worked at Cox's flagship paper, the Atlanta Journal-Constitution, first as a business reporter and then as a columnist and editorial board member. She got her start as a reporter for the Akron Beacon Journal.

Over the years, she has filed business news stories from China, Japan, South Africa and Europe.

Geewax was a 1994-95 Nieman Fellow at Harvard, where she studied economics and international relations. She earned a master's degree at Georgetown University, focusing on international economic affairs, and has a bachelor's degree in journalism from The Ohio State University.

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Economy
4:46 am
Sat June 7, 2014

Job Outlook Brightens For Graduates, Though Problems Linger

Kaitlin Foran, a senior at the College of Charleston in South Carolina, meets with a prospective employer at a job fair at National Harbor in Maryland.
T.J. Kirkpatrick Getty Images

Originally published on Tue June 10, 2014 2:07 pm

Congratulations Class of 2014! You are entering a labor market that offers a record number of paychecks.

On Friday, the Labor Department said the U.S. economy now has 138.5 million jobs, slightly more than the previous high set in early 2008 — just as the Great Recession was tightening its grip.

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Economy
5:34 pm
Thu June 5, 2014

Is Pushing Interest Rates To Less Than Zero A Crazy Idea?

European Central Bank President Mario Draghi speaks at a news conference Thursday in Frankfurt after the ECB said it was cutting rates.
Arne Dedert AFP/Getty Images

Originally published on Thu June 5, 2014 6:17 pm

By now, you may have heard that on Thursday, the European Central Bank shifted to a negative interest-rate policy for deposits.

That news may have prompted two thoughts: 1) Isn't that crazy? 2) Who cares what happens in Europe?

These questions have answers. But first, some background:

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Business
12:22 pm
Sat May 31, 2014

Regulators And Airlines Fight Over Fares, Fees And Fairness

The government wants airlines to be more up front with passengers about the total cost of tickets.
Karen Bleier AFP/Getty Images

This week, the Department of Transportation hit Southwest Airlines with a $200,000 fine for touting a fare that did not exist. The carrier had said in a TV ad that customers in Atlanta could fly to New York, Chicago or Los Angeles for just $59. But the bargain fare turned out to be too good to be true.

Southwest, which paid a fine for a similar problem last year, says the ad was a mistake. The airline pulled it as soon as the error was discovered.

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Economy
3:28 pm
Thu May 29, 2014

The Economy Takes A Dip, But Analysts Look For It To Snap Back

Auto sales rebounded in March and consumer spending remains strong, signs that the economy won't stay down for long, analysts say.
Jonathan Ernst Reuters/Landov

Originally published on Thu May 29, 2014 3:58 pm

The Commerce Department on Thursday said the U.S. economy shriveled during the icy winter, contracting at a 1 percent pace.

So does that news leave you feeling chilled with disappointment, or revved up for a summer rebound?

How consumers and business owners answer may determine the direction of jobs and economic growth for the back half of 2014.

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Business
4:29 am
Sun May 25, 2014

It's Geithner Vs. Warren In Battle Of The Bailout

In a war of words between Timothy Geithner and Elizabeth Warren over the bank bailout, who's the victor?
Mandel Ngan AFP/Getty Images

The financial crisis of 2008 caused such an enormous upheaval that future historians will long be asking: Who caused it? Who fixed it? Could it have turned out better?

Recently, two key players looked back: Former Treasury Secretary Timothy Geithner wrote Stress Test, Reflections on Financial Crisis, and Massachusetts Sen. Elizabeth Warren wrote A Fighting Chance.

The two reached opposite conclusions. Geithner believes the bank bailout proved its worth. Warren remains outraged that wealthy bankers have not been jailed.

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The Two-Way
4:28 pm
Fri May 23, 2014

Economist Piketty's Work Doesn't Add Up, 'Financial Times' Says

French economist and academic Thomas Piketty, in his book-lined office at the French School for Advanced Studies in the Social Sciences, in Paris, earlier this month.
Charles Platiau Reuters/Landov

Originally published on Fri May 23, 2014 5:16 pm

French economist Thomas Piketty became a publishing superstar this year by putting two and two together and concluding that the rich are getting richer.

His best-seller, Capital in the Twenty-First Century, uses mountains of data to calculate Western wealth over the past two centuries. He says the historical statistics, drawn from many sources, show unrestrained capitalism inevitably leads to immense income inequality.

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Business
2:59 pm
Thu May 15, 2014

Housing Is Perking Up, But Realtors Worry About Young Buyers

iStockphoto

Originally published on Mon May 19, 2014 4:25 pm

The U.S. housing market is strengthening after a tough winter, according to economists at a Realtors convention in Washington.

But even as the short-term outlook brightens, they remain worried about a long-term problem with "missing" young buyers.

"There really are serious issues in the first-time-buyer market," Eric Belsky, managing director of Harvard's Joint Center of Housing Studies, told the National Association of Realtors on Thursday.

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It's All Politics
2:16 pm
Wed May 14, 2014

Bill Clinton Says His Wife's Brain Is Just Fine, Thank You

Former President Bill Clinton answers questions Wednesday from Gwen Ifill of PBS NewsHour at the 2014 Fiscal Summit organized by the Peter G. Peterson Foundation in Washington.
AP

Originally published on Wed May 14, 2014 3:50 pm

Bill Clinton says he was "dumbfounded" by Republican strategist Karl Rove's recent comments about Hillary Clinton's brain. But the former president was hardly left speechless.

"First they say she was faking her concussion; now they say she's auditioning for a part on The Walking Dead," Clinton said on Wednesday when asked about Rove's remark that Hillary may have suffered "brain damage" from a fall in 2012.

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Business
4:40 am
Sun May 11, 2014

On Income Inequality: A French Economist Vs. An American Capitalist

iStockphoto

Originally published on Mon May 12, 2014 8:11 am

Picture a cozy cafe. At a small table, an economics professor from Paris is chatting with a wealthy businessman from New York.

As they sip coffee, they discuss economic history, and often nod and agree.

Then, as they stand to leave, each states a conclusion drawn from their conversation. But what they say is exactly, completely opposite.

One says economic history proves governments must impose very heavy taxes to break up concentrations of wealth. The other says governments should cut taxes to encourage wealthy people to pursue even bigger profits.

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Business
12:51 pm
Fri April 25, 2014

Gasoline Prices Rise As U.S. Refineries Send More Fuel Overseas

With so much fuel headed elsewhere, the national average price for a gallon of regular gasoline is now $3.69, compared with $3.53 a month ago, according to AAA.
Rich Pedroncelli AP

Originally published on Fri April 25, 2014 1:28 pm

The weather is warming and vacation season approaching.

And, just as predictably, the price of gasoline is rising. It does that every spring as refineries switch to more expensive summer blends.

But this year, the seasonal price bump is getting an extra bounce. Gasoline is costing consumers about 5 percent more than last year at this time, even though oil supplies are abundant. Why?

Experts say U.S. retail prices are nudging higher in large part because Gulf Coast refineries are sending more gasoline to other countries.

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