Chris Arnold

NPR correspondent Chris Arnold is based in Boston. His reports are heard regularly on NPR's award-winning newsmagazines Morning Edition, All Things Considered and Weekend Edition. He joined NPR in 1996, and was based in San Francisco before moving to Boston in 2001.

In recent years, Arnold has spent much of his time reporting on the financial crisis, its aftermath, and the U.S. economy's ongoing recovery. He has focused on the housing bubble and its collapse. And he's reported on problems within the nation's largest banks that have led to the banks improperly foreclosing on thousands of American homeowners. For this work, Arnold earned a 2011 Edward R. Murrow Award for the special series, The Foreclosure Nightmare. He's also been honored with the Newspaper Guild's 2009 Heywood Broun Award for broadcast journalism. He was chosen by the Scripps Howard Foundation as a finalist for their National Journalism Award, and he won an Excellence in Financial Journalism Award from N.Y. State's society for CPA's.

Arnold is also reporting on the now government-owned mortgage giants Fannie Mae and Freddie Mac. In a series of stories in partnership with ProPublica, Arnold exposed investments at Freddie Mac that raised serious concerns about a conflict of interest between Fannie and Freddie's massive investment portfolios, and their mission to make home ownership more affordable. The stories generated widespread attention, and led to calls for an investigation by members of Congress.

Arnold was recently honored with a Nieman Journalism Fellowship at Harvard University during the 2012-2013 academic year. He joined a small group of other journalists from the U.S. and abroad and studied, among other things, economics and the future of home ownership in America.

Prior to that, Arnold covered a range of other subjects for NPR – from Katrina recovery in New Orleans and the Gulf Coast, to immigrant workers in the fishing industry, to a new kind of table saw that won't cut your fingers off. He traveled to Turin, Italy, for NPR's coverage of the 2006 Winter Olympics. He has also followed the dramatic rise in the numbers of teenagers abusing the powerful and highly addictive painkiller Oxycontin – more than 1 out of 20 high school seniors report using the drug.

In the days and months following the Sept. 11, 2001, attacks, Arnold reported from New York and contributed to the NPR coverage that won the Overseas Press Club and the George Foster Peabody Awards. He chronicled the recovery effort at Ground Zero, focusing on members of the Port Authority Police department, as they struggled with the deaths of 37 officers - the greatest loss of any police department in U.S. history.

Prior to his move to Boston, Arnold traveled the country for NPR doing feature stories on entrepreneurship. His pieces covered technologists, farmers, and family business owners. He also reported on efforts to kindle entrepreneurship in economically disadvantaged areas ranging from inner-city Los Angeles to the Pine Ridge Indian reservation in South Dakota.

Arnold has worked in public radio since 1993. Before joining NPR, he was a freelance reporter working out of San Francisco's NPR Member Station, KQED.

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Economy
5:20 am
Wed January 1, 2014

Home Prices Mark Biggest Gains Since 2006

Originally published on Wed January 1, 2014 11:42 am

Transcript

RENEE MONTAGNE, HOST:

And before the ball dropped in Times Square last night, new numbers came out on the housing market, and they showed the past year saw the biggest gains in home prices since 2006.

NPR's Chris Arnold reports.

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Business
5:29 am
Fri December 27, 2013

Cars Are Next Frontier For Sharing Services

Kevin Petrovic, 19, and his business partner, who's also 19, raised about $6 million from venture capitalists in Silicon Valley to launch FlightCar. The company is trying to make its mark with car-sharing for travelers.
Chris Arnold NPR

Originally published on Fri December 27, 2013 9:57 am

Following the popularity of companies like Airbnb, which rent out a client's house or apartment to people visiting the area, more companies are trying the idea with cars. Companies like Uber help find someone to drive you around like a taxi. Another will let you rent out your car like a Zipcar while you're at work.

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Economy
5:01 am
Thu December 5, 2013

Pressure Mounts On Fast-Food Industry To Pay Workers More

Originally published on Thu December 5, 2013 4:05 pm

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

Transcript

RENEE MONTAGNE, HOST:

It's MORNING EDITION, from NPR News. Good morning. I'm Renee Montagne.

STEVE INSKEEP, HOST:

And I'm Steve Inskeep.

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The Two-Way
1:05 pm
Fri November 29, 2013

Photos: Comet ISON May Have Survived Its Blistering Encounter

A view from NASA shows the Comet ISON streaming toward the sun (right) then emerging from the other side, dimmed.
ESA/NASA/SOHO/Jhelioviewer

Originally published on Fri November 29, 2013 4:29 pm

The Comet ISON appears to have survived after disappearing and being thought dead. New NASA photos show the comet emerging from behind the sun smaller and dimmer, but still throwing a big light trail.

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Shots - Health News
3:20 am
Wed November 27, 2013

To Changing Landscape, Add Private Health Care Exchanges

www.delightimages.com iStockphoto

Originally published on Wed November 27, 2013 11:30 am

We've been reporting a lot lately on the troubled rollout of President Obama's signature health care law. But at the same time, there are rumblings of a major shift in the way companies offer private health insurance to workers.

It involves what are called "private health care exchanges." These are similar to — but completely separate from — the public exchanges you've heard so much about.

Some experts say this new approach soon could change how millions of Americans receive their health care.

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Business
4:44 am
Wed November 20, 2013

DOJ Signals JPMorgan Deal Could Be Model For Other Cases

Originally published on Wed November 20, 2013 7:34 am

The Justice Department on Tuesday announced a landmark $13 billion settlement with JPMorgan Chase. That's the largest settlement the federal government has ever made with a single company. It's three times the BP Deepwater Horizon Oil Spill settlement.

Health Care
5:15 pm
Thu November 14, 2013

Counting Who's Bought Into Obamacare Is Tougher Than You Think

Originally published on Thu November 14, 2013 7:29 pm

Transcript

ROBERT SIEGEL, HOST:

This is ALL THINGS CONSIDERED from NPR News. I'm Robert Siegel.

AUDIE CORNISH, HOST:

And I'm Audie Cornish.

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Shots - Health News
3:57 pm
Wed November 13, 2013

Can Young People Get Obamacare For $50 A Month? Sometimes

President Barack Obama speaks in Boston about the Affordable Care Act. Obama and his supporters have often said the health care law would allow half of single Americans under 35 to get insurance for less than $50 a month.
Stephan Savoia AP

Originally published on Thu November 14, 2013 2:56 pm

For Obamacare to succeed, it's crucial for young people to sign up.

Healthy young Americans need to pay into the insurance system to help cover the costs for older, sicker people.

So the White House is reaching out. Its website sent emails to subscribers with a big, orange graphic that says half of young people can get coverage for $50 a month or less.

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NPR Story
5:08 am
Tue October 22, 2013

Shutdown-Delayed Jobs Report Is Released

Originally published on Wed October 23, 2013 10:42 am

Transcript

DAVID GREENE, HOST:

This is MORNING EDITION from NPR News. I'm David Greene.

STEVE INSKEEP, HOST:

And I'm Steve Inskeep.

Let's talk about the latest employment numbers and what they mean. The economy, we're told by the Bureau of Labor Statistics, gained 148,000 jobs in September. The unemployment rate fell slightly to 7.2 percent. We're getting these numbers a couple of weeks late because of the government shutdown. NPR's Chris Arnold has been following the economy and the shutdown. He's on the line. Hi, Chris.

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Business
5:03 am
Mon October 21, 2013

What To Know About The Tentative JPMorgan Deal

Originally published on Tue October 22, 2013 3:37 pm

Transcript

STEVE INSKEEP, HOST:

It's MORNING EDITION from NPR News. Good morning. I'm Steve Inskeep.

RENEE MONTAGNE, HOST:

And I'm Renee Montagne. The Justice Department is on the verge of a $13 billion settlement with JPMorgan Chase. That would make it the biggest government fine involving a single company. It involves the allegedly improper sale of mortgage securities that led to the financial crisis of 2008. NPR's Chris Arnold has been following this and he joins us now. Good morning.

CHRIS ARNOLD, BYLINE: Good morning, Renee.

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Health Care
5:08 pm
Wed September 18, 2013

Will Walgreens Workers Pay More After Health Care Change?

Originally published on Wed September 18, 2013 8:01 pm

Transcript

ROBERT SIEGEL, HOST:

Today, Walgreens became the latest major U.S. company to announce that it is shifting employee health benefits to a new so-called private exchange system. 160,000 workers at the drug store chain will now shop for their health care at an online marketplace. As NPR's Chris Arnold reports, the hope is such systems will hold down rising costs.

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Economy
5:18 pm
Tue September 17, 2013

Census Report Paints Troubling Economic Picture On Incomes

Raisa Ruiz (right) and her niece Mary Badels wait in line at the Manna Food Center, Gaithersburg, Md., on Sept. 13.
Chloe Coleman NPR

Originally published on Tue September 17, 2013 5:34 pm

For the first year since the recession, median household incomes did not decline in 2012. But it's hardly a reassuring picture. Incomes were flat despite the economic recovery and big gains in the stock market. That's a troubling aspect about today's labor market. It's four years since the official end of the recession and many households are worse off than when it started.

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Business
3:38 am
Fri September 6, 2013

Rates Come Down On Jumbo Mortgage Loans

iStockphoto.com

Originally published on Fri September 6, 2013 12:40 pm

There is something new and different for home mortgages: Jumbo loans are being made at lower interest rates than traditional home loans. That's kind of like a first class airplane ticket being cheaper than riding in coach.

At first this seems crazy. For as long as anybody can remember, homeowners have had to pay a premium to get jumbo loans. That's because they're not guaranteed by the federal government. If they're not guaranteed, they're riskier, so they cost more in interest payments.

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Around the Nation
4:51 pm
Thu August 29, 2013

Fast Food Workers, Activists Protest For Higher Wages

Originally published on Thu August 29, 2013 6:01 pm

Transcript

ROBERT SIEGEL, HOST:

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

MELISSA BLOCK, HOST:

And I'm Melissa Block.

Protesters took to the streets in more than 50 cities today, calling for better wages for fast food workers. Like the Occupy Wall Street movement, these demonstrations target income inequality and promote workers' rights. But today's demonstrators also have one very clearly stated goal. Their demand: $15 an hour wages for workers at, say, McDonald's and Burger King.

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Business
2:41 am
Thu August 22, 2013

As Housing Recovers, Lots Of Boats Rise In U.S. Economy

A worker at the Cataumet Sawmill in Falmouth, Mass., where the improved housing outlook has led to more hours for employees.
Chris Arnold NPR

Originally published on Fri August 23, 2013 12:02 pm

In just the past week we've seen a bunch of signs that the housing recovery is gaining steam. Data out Wednesday showed that existing-home sales rose to their highest level in nearly four years, while prices were up 14 percent from a year ago.

Retailers Home Depot and Lowe's both reported strong earnings growth and attributed that to the housing rebound.

And most important for the economy, homebuilders are hiring more workers and building more houses.

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Business
5:13 am
Tue August 20, 2013

JPMorgan Chase faces Growing Legal Problems

Originally published on Tue August 20, 2013 6:25 am

On Monday, The Wall Street Journal reported the Justice Department is investigating the bank over improper energy trading. That follows the news that the anti-bribery unit of the Security and Exchange Commission is looking into whether JPMorgan hired the children of Chinese officials to help win business.

Media
5:24 am
Wed August 7, 2013

Boston Hopes Red Sox Owner Can Turn Around 'Globe'

Originally published on Wed August 7, 2013 6:52 am

In Boston, a billionaire entrepreneur is buying the Boston Globe. John Henry is currently the owner of the Red Sox baseball team. He says he isn't interest in trying to influence the news — including the baseball coverage.

Law
7:25 pm
Tue August 6, 2013

DOJ Sues Bank Of America Over Mortgage-Backed Securities

Transcript

AUDIE CORNISH, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.

MELISSA BLOCK, HOST:

And I'm Melissa Block. The Justice Department is bringing civil charges against one of the nation's largest banks. The government alleges Bank of America made false statements about the quality of $850 million worth of home loans. Those loans were then sold to investors. NPR's Chris Arnold reports.

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Business
12:18 pm
Thu July 25, 2013

Government Charges SAC In Insider Trading Case

Federal prosecutors have filed criminal charges against one of the most famous and successful hedge funds in the world. The government alleges that SAC Capital Advisors is criminally responsible for insider trading that went on at the firm.

Business
5:12 am
Fri July 19, 2013

Federal Judge Green Lights Suit Against Private Equity Firms

Originally published on Fri July 19, 2013 6:00 am

The investor lawsuit claims the companies, including Blackstone, Carlyle and Bain Capital, colluded to drive down prices on hundreds of billions of dollars in takeovers.

The Two-Way
1:52 pm
Thu July 11, 2013

Bernanke's Comments Lift Stocks To Record Highs

Originally published on Thu July 11, 2013 5:29 pm

Stocks surged Thursday after the chief of the Federal Reserve sent signals that the central bank wasn't in a hurry to stop helping the economy. When the markets closed, the Standard & Poor's 500 Index was at a record high. Other U.S. indexes were also up, including the Dow Jones Industrial Average, which rose nearly 170 points to a record 15,460.92.

Update at 5 p.m. ET: We've updated some figures in this post to reflect the markets' closing.

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Around the Nation
4:51 am
Fri July 5, 2013

Boston Celebrates Its Role In America's Independence With HarborFest

Originally published on Fri July 5, 2013 5:28 am

Boston, the birthplace of the American Revolution, has kicked off its summer with HarborFest. The annual event provides work for lots of unemployed actors, who get to show off their faux British accents while wearing red-coat costumes. Other actors get to be revolutionaries in tri-cornered hats.

Around the Nation
7:41 am
Sat April 20, 2013

In Boston, Lockdown Became Time To Spend With Friends

Originally published on Sat April 20, 2013 1:57 pm

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

Transcript

SCOTT SIMON, HOST:

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Business
6:21 am
Sun August 19, 2012

She's No Man; She's A Lobsterman

Lobsterman Genevieve Kurilec holds a lobster caught while fishing along Deer Isle, Maine. Kurilec says more women are beginning to captain their own lobster boats.
Chris Arnold NPR

Originally published on Mon August 20, 2012 5:46 pm

In New England, more women are breaking through the glass gangway. That's the ramp you use to walk down onto a dock to hop onboard your own fishing boat. For generations lobstermen in Maine have been predominantly, well, men — but that's starting to change.

At a small gas dock in a rock-lined cove on Deer Isle, Maine, there's a new captain fueling up. Genevieve Kurilec, 29, wears a tank-top, orange fishing overalls and lobster buoy earrings.

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American Dreams: Then And Now
3:28 am
Thu August 16, 2012

Persuading Banks To Give Homeowners A Break

Sara Millan (left) thanks Neighborhood Assistance Corporation of America CEO Bruce Marks after NACA was able to reduce her family's mortgage during an event in Los Angeles in September 2010.
Damian Dovarganes AP

Originally published on Tue August 21, 2012 4:53 pm

Over the past four years, Bruce Marks has been on a traveling road show to help people avoid foreclosure. His nonprofit, the Neighborhood Assistance Corporation of America, has held more than 80 events in cities around the country. So far, Marks says, NACA has helped 202,000 people get their payments lowered so they can afford to keep their homes.

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Business
4:23 am
Mon August 13, 2012

Consumer Bureau Targets Improper Floreclosures

Originally published on Mon August 13, 2012 5:53 pm

Transcript

GREG ALLEN, BYLINE: Now Florida is among the states that were hardest-hit by the housing crisis, and foreclosures remain a big problem there and in several other parts of the country.

DAVID GREENE, HOST:

One thing the government has been struggling with is how to stop banks from foreclosing on people improperly. The government is also trying to figure out more quickly help homeowners who qualify for reduced interest rates.

A federal regulator has released new rules aimed at doing both, and NPR's Chris Arnold has more.

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Around the Nation
5:51 am
Sun August 12, 2012

Maine Lobstermen Give Farming Sea Scallops A Try

As lobster prices plunge, scallops offer fishermen an alternative to make money.
Levi Bridges for NPR

Originally published on Tue August 14, 2012 1:57 pm

If you don't love scallops, you probably just haven't had one that's cooked properly. That is, pan fried with some garlic and butter and herbs. They are very tasty.

In Maine, scientists and fishermen are learning how to farm, instead of catching, these tasty sea critters. That could be good for business and the environment.

Out on the water off Stonington, Maine, Marsden Brewer is motoring his lobster boat through the crowded fishing harbor. Today, just about all the boats here are lobster boats. But 30 years ago, he says, it was a different story.

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Economy
8:07 am
Sat August 4, 2012

Economists Cautiously Applaud Jobs Report

Originally published on Sun August 5, 2012 11:43 am

Transcript

SUSAN STAMBERG, HOST:

This is WEEKEND EDITION from NPR News. I'm Susan Stamberg in for Scott Simon. In an encouraging sign for the U.S. economy, the Labor Department told us yesterday that the country gained 163,000 jobs in July. That was better than expected but not all signs are pointing up. In a separate government survey, the unemployment rate increased slightly to 8.3 percent. NPR's Chris Arnold is at a gathering of economists in northern Maine. He sent this report.

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The Two-Way
5:20 pm
Tue July 31, 2012

Fannie, Freddie Regulator Holds Firm Against Mortgage Write-Downs

Many experts say reducing mortgage principal can help troubled homeowners avoid foreclosure and stay in their homes. But the regulator who oversees two of the nation's largest mortgage holders, Fannie Mae and Freddie Mac, has rejected the idea.
Justin Sullivan Getty Images

Originally published on Wed October 29, 2014 12:16 pm

A federal regulator is blocking the government-owned mortgage giants Fannie Mae and Freddie Mac from reducing the principal that homeowners owe on their mortgages in order to avoid foreclosures.

Tuesday's decision came from Edward DeMarco, the acting director of the Federal Housing Finance Agency.

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Business
4:51 am
Mon July 2, 2012

Sales Tax In Health Law Targets Medical Devices

Originally published on Mon July 2, 2012 7:23 am

Some industries stand to benefit now that the health care law has been upheld by the Supreme Court. For makers of medical devices, the ruling means frustration because a sales tax on their equipment stays in place.

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