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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4:06pm

Fri October 12, 2012
World

Do Chinese Tech Firms Pose U.S. Security Threat?

Originally published on Fri October 12, 2012 4:59 pm

Credit AFP/Getty Images

Over the past decade, Chinese companies have become major players in the global telecommunications market. This week the House Intelligence Committee issued a report that could interrupt that growth. The committee warned American companies not to do business with two of China's main telecom manufacturers, saying they posed a security threat.

Huawei Technologies is the miracle story of the Chinese high-tech industry, says telecommunications consultant Roger Entner.

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2:42am

Thu October 4, 2012
The Salt

Despite Greek Economy, Athens Cupcake Business Thrives

Originally published on Thu October 4, 2012 9:19 am

Credit Jim Zarroli / NPR

Nicole Kotovos was searching for a way to start a new life when the idea struck her: She would go to her ancestral homeland of Greece and open an American-style bakery cafe. She would bring the cupcake fad to Athens.

What she didn't figure on was the historic downturn in the Greek economy.

The former New York TV producer arrived in 2008, just as the country's debt-mired economy was falling into a deep recession it still hasn't emerged from.

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2:51pm

Wed September 26, 2012
The Salt

Greek Credit Crisis Forces Winemakers, Food Canners To Adapt

Originally published on Wed September 26, 2012 4:54 pm

When the economic crisis erupted in Greece and the bottom fell out of the domestic wine market, the Kir-Yianni vineyard outside picturesque Naoussa decided to adapt. Like other wineries in Greece, it has increasingly tapped the export market, successfully marketing and selling wine in Europe, the United States and even China.

"If you ask me, this crisis has been good for us," says Stellios Boutaris, the son of the company's founder. "It's going to make us stronger."

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3:52pm

Tue September 25, 2012
The Salt

Greek Olive Oil Woes Echoes Country's Broader Economic Challenges

Originally published on Tue September 25, 2012 6:39 pm

Credit Matthias Schrader / AP

Greece is in the fifth year of a painful recession, and it doesn't look like it's going to end anytime soon. One big problem the country faces is a shortage of strong companies that know how to compete on the world market. And nowhere is this more painfully apparent than in the challenges faced by the country's olive oil business.

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2:25am

Mon August 27, 2012
It's All Politics

Romney's Plan To Broaden Tax Base Finds Critics

Originally published on Mon August 27, 2012 12:22 pm

Credit Nicholas Kamm / AFP/Getty Images

Republican presidential candidate Mitt Romney says he favors keeping all of the Bush-era tax cuts and then adding some more. To pay for these cuts, he would reduce or eliminate some of the tax deductions that many Americans have come to rely on. But his proposals are already facing a lot of resistance.

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4:51am

Sun August 12, 2012
Your Money

Some Small Investors Still Wary Of Betting On Wall St.

Originally published on Mon August 13, 2012 4:55 pm

Credit Bebeto Matthews / AP

Ten years ago, Andres Cortez, a chauffeur in Los Angeles, might have been part of the hordes of people dabbling in day trading or haunting the online stock forums. He might have been bragging to his friends about the money he made in tech stocks, or learning how to margin trade at a night school.

Instead, he keeps his distance from stocks.

As he stands by his car and waits for a passenger downtown, Cortez says he has a little money he's put aside and is keeping it in a savings account, where it earns virtually nothing.

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5:15pm

Wed August 8, 2012
Business

Tax Evaders Beware! Money's Getting Harder To Hide

Originally published on Thu August 9, 2012 2:51 pm

Credit Fabrice Coffrini / AFP/Getty Images

Republican presidential candidate Mitt Romney has acknowledged that he had money in a Swiss bank account until 2010. Romney says he wasn't trying to hide the money, since he reported the account to the government.

Even so, he closed the account at a time when the federal government was in the middle of a major crackdown on offshore tax havens — a crackdown that has made it harder for Americans to hide their money overseas.

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2:00am

Tue July 17, 2012
Economy

Romney's Plan To Revive Jobs Has Mixed Results

Originally published on Tue July 17, 2012 4:10 pm

Credit Charles Dharapak / AP

Republican presidential candidate Mitt Romney says he can do better than President Obama at finding jobs for unemployed Americans. One way he would do that is by bringing back personal re-employment accounts.

When people lose their jobs, one of the first places they turn to is their state unemployment office, where they can sign up for unemployment benefits; they often can enroll in some kind of retraining class as well.

In 2004, the Bush administration conducted an experiment to begin privatizing a small part of the federal retraining program.

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2:03am

Fri June 8, 2012
Business

Despite Low Rates, Investors Rely On Treasuries

Originally published on Mon June 11, 2012 2:03 pm

Federal Reserve Chairman Ben Bernanke told a congressional committee Thursday that the U.S. economy faces some significant risks, and Fed officials are still deciding what to do about it.

His remarks disappointed a lot of investors who want the Fed to do something to revive growth. Bernanke spoke at a time when interest rates on government debt are hitting lows not seen since the Great Depression.

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4:03pm

Tue June 5, 2012
It's All Politics

How Accurate Is Obama's Attack On Romney's Jobs Record?

Originally published on Tue June 5, 2012 6:53 pm

Credit Julie Jacobson / AP

A new Obama campaign ad says the Massachusetts economy actually fared poorly during Republican presidential candidate Mitt Romney's four years as governor, challenging the notion that Romney knows how to fix the nation's ailing economy.

The ad says that between 2003 and 2007, Massachusetts had one of the worst economic records in the country, lost 40,000 manufacturing jobs at "a rate twice the national average, and fell to 47th in job creation."

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