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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Energy
6:59 am
Fri May 23, 2014

Political Rhetoric Bogs Down Future Of Keystone XL Pipeline

Originally published on Fri May 23, 2014 7:52 am

Transcript

RENEE MONTAGNE, HOST:

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

STEVE INSKEEP, HOST:

And I'm Steve Inskeep. Good morning. Last month the Obama administration put off a decision on whether to approve the Keystone XL pipeline. The project has been enormously controversial. It would carry crude oil from Canada to the Gulf of Mexico. This morning we examine what's at stake for the oil industry and for energy production. Here's NPR's Jim Zarroli.

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Business
5:11 am
Mon May 19, 2014

AT&T To Buy DirecTV In Nearly $50 Billion Deal

Originally published on Tue May 20, 2014 7:46 am

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.

DAVID GREENE, HOST:

And I'm David Greene.

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Business
5:36 am
Fri May 9, 2014

Crowdfunding Can Help Build Business, But At What Cost?

The website RocketHub connects startups with a funding network. Here, the site's founders (from left): Alon Hillel-Tuch, Vladimir Vukicevic, Brian Meece and Jed Cohen.
RocketHub

Originally published on Mon May 12, 2014 3:26 pm

Entrepreneur Andy Krafsur raised money for Spira Footwear by reaching out to friends and family. But that was a dozen years ago. After the economy tanked, the common tactic became a lot more difficult.

"The pool of people that you can go to has shrunken significantly," Krafsur says, "and everybody goes to those same people."

Then Krafsur found a crowdfunding website that helped his cash flow enormously. The Securities and Exchange Commission is about to approve rules allowing small businesses to reach out to investors through these kinds of crowdfunding networks.

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Business
5:24 pm
Tue May 6, 2014

Alibaba IPO Could Be The Biggest Ever

Originally published on Tue May 6, 2014 9:04 pm

Alibaba is the biggest e-commerce player in China. The Internet conglomerate is filing papers in the U.S. for what could be the biggest IPO ever.

Business
5:00 am
Mon May 5, 2014

Buffett Defends Coke Position At Berkshire Hathaway Meeting

Originally published on Mon May 5, 2014 9:29 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.

Business
4:21 pm
Wed April 23, 2014

Blockbuster Trades Are Changing The Face Of Pharmaceuticals

Originally published on Wed April 23, 2014 11:06 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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Business
6:23 am
Fri April 18, 2014

IPO Market Shows Signs Of Strain

Originally published on Fri April 18, 2014 11:10 am

Transcript

DAVID GREENE, HOST:

All right, Virtu Financial has reportedly decided to postpone its initial public offering. The decision comes during a week when several IPOs in U.S. markets had disappointing debuts. Virtu conducts high-frequency electronic trading on various exchanges and scrutiny of high-speed trading is growing.

NPR's Jim Zarroli reports.

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Economy
4:47 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 6:03 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
4:08 pm
Wed April 9, 2014

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

Originally published on Wed April 9, 2014 6:48 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.

Business
5:53 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 9:54 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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Business
5:06 am
Tue March 25, 2014

Jury Convicts 5 Ex-Madoff Employees Of Securities Fraud

Originally published on Tue March 25, 2014 7:33 am

A federal court jury in New York found 5 of Bernard Madoff's former employees guilty of fraud. They were accused of enriching themselves by helping the imprisoned financier carry out a Ponzi scheme.

News
4:33 pm
Mon March 24, 2014

Madoff Aides Found Guilty For Role In Massive Ponzi Scheme

Originally published on Mon March 24, 2014 6:46 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.

Business
5:23 am
Thu March 13, 2014

FTC Launches Civil Probe Into Herbalife

Originally published on Thu March 13, 2014 7:44 am

The nutrition supplement company has been under attack by billionaire investor William Ackman, who's been pressing regulators to look into the way Herbalife operates.

Business
6:39 am
Wed February 26, 2014

Senate Report: Credit Suisse Bank Helped Americans Evade Taxes

Originally published on Wed February 26, 2014 2:20 pm

Transcript

RENEE MONTAGNE, HOST:

Top officials of the Swiss bank, Credit Suisse, told a Senate hearing today that they're committed to unearthing tax evasion by U.S. citizens. The Permanent Subcommittee on Investigations released a report yesterday, that the bank was deeply involved in helping Americans hide their money in secret accounts.

NPR's Jim Zarroli reports.

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Business
4:20 pm
Mon February 24, 2014

Netflix Pays Comcast To Ensure Its Videos Stream Smoothly

Originally published on Mon February 24, 2014 8:02 pm

Transcript

ROBERT SIEGEL, HOST:

Netflix is hoping that a deal it has struck with Comcast will mollify some of its unhappy customers. The company announced yesterday that it will pay to connect Comcast's broadband network more directly. That means Netflix customers should get faster, smoother access to programs like "House of Cards." The deal could serve as a model to help the company resolve disputes with other big Internet service providers.

NPR's Jim Zarroli reports.

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