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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4:34am

Sat December 15, 2012
Shootings In Newtown, Conn.

Small Town Tries To Cope With Unimaginable Tragedy

Originally published on Sun December 16, 2012 1:43 pm

Mourners gather for a vigil service for victims of the Sandy Hook Elementary School shooting at St. Rose of Lima Roman Catholic Church in Newtown, Conn., on Friday night.
Andrew Gombert AP

Newtown, Conn., is a white-collar community an hour and a half northeast of New York City. It's the kind of place where crime is rare and the biggest thing that happens each year is the Labor Day parade.

Now the peace and quiet has been shattered, and residents are trying to make sense of what's happened.

Hours after the shootings that left so many people dead, St. Rose of Lima Catholic Church opened its doors for a prayer vigil. People filed through the streets and past houses decorated with Christmas lights.

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6:09pm

Wed December 5, 2012
It's All Politics

Looming Spending Cuts Would Hit Hard All Over

Alan Krueger, chairman of the president's Council of Economic Advisers, warns that consumer spending will drop if Congress and the White House fail to reach a deal on spending cuts and tax increases.
Jewel Samad AFP/Getty Images

Tax increases are only a part of what lies ahead if Congress can't come to an agreement to avert the fiscal cliff by the new year. Massive spending cuts will also kick in — and those cuts will be felt throughout the economy.

The current stalemate got under way two years ago when Congress, locked in a bitter partisan battle over whether to extend the George W. Bush-era tax cuts, passed what was known as the Budget Control Act of 2011.

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5:42pm

Fri November 16, 2012
Superstorm Sandy: Before, During And Beyond

Seaside After Sandy: Is Rebuilding Worth It?

Originally published on Fri November 16, 2012 8:07 pm

Ernest Shallo, of Carteret, N.J., throws a ruined air conditioner onto a pile of debris in front of a small home in Seaside Heights, N.J. Residents were allowed back in their homes for a few hours Monday, two weeks after the region was pounded by Superstorm Sandy.
Mel Evans AP

Ever since Hurricane Sandy ripped through the New Jersey coast, some of the hardest-hit towns have been closed altogether. Authorities say gas leaks and unstable buildings have made them too risky to visit.

This week, residents were allowed to enter Seaside Heights for a few hours each day to get a firsthand look at the damage. Many are struggling with whether to rebuild their homes.

Weighing The Cost

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3:33am

Tue November 13, 2012
Superstorm Sandy: Before, During And Beyond

Beach Towns Mourn Sandy-Ravaged Boardwalks

Originally published on Tue November 13, 2012 1:15 pm

Waves break Oct. 31 in front of a destroyed amusement park wrecked by Hurricane Sandy in Seaside Heights, N.J.
Mario Tama Getty Images

Hurricane Sandy left a long trail of destruction across the New Jersey shoreline. And it did a lot more than just flood houses.

In towns like Seaside Heights and Belmar, Sandy wiped out the boardwalks that line the beach. In places like these, boardwalks served as the commercial center knitting the towns together, and residents are wondering where to go from here.

Until two weeks ago, the boardwalk was the place to hang out in Belmar, N.J. Ann Summer was walking along the water with her husband this weekend.

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8:48am

Wed November 7, 2012
Superstorm Sandy: Before, During And Beyond

In Storm-Ravaged N.J. Town, A Scramble At The Polls

Originally published on Wed November 7, 2012 10:31 am

Transcript

RENEE MONTAGNE, HOST:

And it was no ordinary Election Day either in Belmar, New Jersey, one of the beach towns that was badly damaged by Superstorm Sandy. Some of the regular polling places were flooded out and town officials had to come up with new ways to get voters to the polls. NPR's Jim Zarolli reports.

JIM ZAROLLI, BYLINE: These days the Belmar Town Hall has been turned into a kind of rescue center for displaced residents, a place where they can get food and clothing. And yesterday they could vote, too.

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5:38pm

Fri November 2, 2012
Around the Nation

After The Storm, Staten Islanders Share The Misery

Originally published on Mon November 5, 2012 1:35 pm

Steve Santo stands in the kitchen of his house on the south side of the New York City borough of Staten Island on Friday.
Mike Segar Reuters/Landov

Much of the worst damage from Superstorm Sandy happened in New York's less touristy outer boroughs.

Some neighborhoods have been changed forever by the storm. Staten Island saw half of the city's fatalities. On Friday, residents sorted through waterlogged belongings and tried to figure out next steps.

Rosemarie Caruso lives a block from the water on the eastern shore of Staten Island. She says there have been hurricanes before and all they brought was a little flooding. She figured she could ride out Sandy.

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5:16pm

Tue October 30, 2012
Around the Nation

Rising Waters Leave Some Trapped in Moonachie, N.J.

Transcript

AUDIE CORNISH, HOST:

Hurricane Sandy made landfall in southern New Jersey and left a path of destruction all the way up the state. Just across the river from New York in Bergen County, water flowed over the top of a levee along the Hackensack River, and then it poured into the town of Moonachie.

NPR's Jim Zarroli went there today.

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6:19pm

Tue October 23, 2012
Business

Dow Falls 243 Points On Worst Day In Months

Originally published on Wed October 24, 2012 4:18 am

Transcript

MELISSA BLOCK, HOST:

This is ALL THINGS CONSIDERED from NPR News. I'm Melissa Block.

AUDIE CORNISH, HOST:

And I'm Audie Cornish. Now, some business news. This past Friday and again today, the Dow Jones industrial average fell more than 200 points. The drop occurred after several big U.S. companies turned in disappointing results. NPR's Jim Zarroli explains.

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5:06pm

Fri October 12, 2012
World

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

Originally published on Fri October 12, 2012 5:59 pm

Staff and visitors walk past the lobby at the Huawei office in Wuhan, China. Beijing has urged Washington to "set aside prejudices" after a draft congressional report said Chinese telecom firms Huawei and ZTE were security threats that should be banned from business in the U.S.
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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3:42am

Thu October 4, 2012
The Salt

Despite Greek Economy, Athens Cupcake Business Thrives

Originally published on Thu October 4, 2012 10:19 am

Nicole Kotovos arranges cupcakes in the case at her store in Athens.
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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3:33pm

Wed September 26, 2012
The Salt

Greek Credit Crisis Forces Winemakers, Food Canners To Adapt

Originally published on Wed September 26, 2012 5:54 pm

Winemakers like Stellios Boutaris, shown near his vineyard outside Naoussa, Greece, and other business leaders have been forced to pursue new financial tactics because credit is hard to come by.
Jim Zarroli NPR

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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4:57pm

Tue September 25, 2012
The Salt

Greek Olive Oil Woes Echo Country's Broader Economic Challenges

Originally published on Tue September 25, 2012 7:39 pm

A Greek farmer drives home with his fresh pressed olive oil in barrels near Alyki, Greece. The country's pure olive oil is hard to find, expensive and poorly marketed, businessmen say.
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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5:45am

Thu September 13, 2012
Europe

Austerity Tested In The Netherlands

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with a boost for the euro.

(SOUNDBITE OF MUSIC)

INSKEEP: Opponents of the European currency have been dealt a big setback in the Netherlands. The center-right Liberal Party, which favors remaining in the eurozone, won the most seats in yesterday's parliamentary elections.

NPR's Jim Zarroli reports.

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5:24am

Thu September 6, 2012
Economy

European Central Bank To Meet On Interest Rates

Originally published on Thu September 6, 2012 10:17 am

Transcript

RENEE MONTAGNE, HOST:

When the European Central Bank holds its monthly meeting today, investors around the world will be watching nervously to see what the bank's head, Mario Draghi, says about interest rates. Draghi was recently quoted as saying he would do whatever it takes to keep Europe's debt crisis from growing out of control, and that could go beyond just cutting borrowing rates.

As NPR's Jim Zarroli reports, any European Central Bank plan to use its resources to prop up Europe's weaker economies will face strong opposition from the Germans.

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3:25am

Mon August 27, 2012
It's All Politics

Romney's Plan To Broaden Tax Base Finds Critics

Originally published on Mon August 27, 2012 1:22 pm

Republican presidential candidate Mitt Romney speaks at a town hall meeting in Grand Junction, Colo., on July 10. Romney says he wants to sharply cut income tax rates, but that those cuts would be revenue-neutral.
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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