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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.

A court in Jerusalem has convicted two Israeli teenagers in the 2014 kidnapping and killing of a 16-year-old Palestinian boy, a crime that heightened tensions in the run-up to the Gaza war that summer. The two teenagers, who were not named because they are juveniles, are expected to be sentenced in January. As NPR's Emily Harris reports, a ruling on the accused ringleader, 31-year-old Yosef Haim Ben-David, has been delayed. She tells our Newscast unit: "The judges acknowledged that the...

A 15-year-old boy died of Ebola in Liberia on Monday night, the first person in the country to perish from the disease since July, health officials say. Two of the boy's family members, his father and brother, reportedly also have tested positive for the disease. The Associated Press reports : "Health officials have identified nearly 160 people who might be at risk of being infected with the disease, including eight health-care workers 'who are at high risk because they came in direct contact...

At least 16 people were injured when shooting suddenly broke out in a New Orleans park Sunday evening, police said. Hundreds of people were gathered at Bunny Friend Playground in the city's Upper Ninth Ward to record a music video when two groups began firing at each other, according to the New Orleans Police Department . None of the injuries was described as life-threatening. Ten of the victims were taken to the hospital by paramedics, while six others got there on their own. The Times...

The U.S. drug giant Pfizer and its smaller rival Allergan have agreed to merge, creating the world's biggest pharmaceutical company by sales. The $160 billion deal is the largest example so far of a corporate inversion, in which a U.S. company merges with a foreign company and shifts its domicile overseas in order to lower its corporate taxes. Because Allergan is based in Dublin, New York-based Pfizer can move its corporate home to Ireland, where the official tax rate is lower. But it will...

UnitedHealth Group, the nation's largest health insurance company, says it's considering dropping out of the public exchanges that are an integral part of the Affordable Care Act, because it's losing money on them. "We cannot sustain these losses," CEO Stephen Hemsley said in an investor call Thursday morning. "We can't really subsidize a marketplace that doesn't appear at the moment to be sustaining itself." The company also said it will "pull back" on marketing of the products it sells on...

Women around the world have narrowed the gender gap on key measures of political engagement, health, economics and education, but progress remains slow, according to a report from the World Economic Forum . Although women are entering the workforce in large numbers, they continue to face wage inequality, and now earn what men made in 2006, said the forum's "Global Gender Gap Report 2015." On education, women still lag men, but the gap has narrowed, especially at the university level, where...

The U.S. investment company TIAA-CREF has amassed vast holdings of Brazilian farmland through a joint venture that has done business with one of the country's most notorious "land grabbers," according to a report published by a nonprofit group. The report details a complex business arrangement that enabled TIAA-CREF to invest in Brazil's real estate market, even though the country's laws restrict foreign ownership of land. Much of the land purchased by the company has been in the Cerrado, a...

Update at 5:45 p.m. ET 24 Governors Now Oppose Resettlement: In the wake of Friday's terrorist attacks in Paris, a growing number of Republican U.S. governors say they oppose allowing refugees from Syria to settle within their states. "Given the tragic attacks in Paris and the threats we have already seen, Texas cannot participate in any program that will result in Syrian refugees — any one of whom could be connected to terrorism — being settled in Texas," wrote Gov. Greg Abbott, in a letter...

Japan has once again slipped back into recession, casting new doubts upon whether "Abenomics," its much-touted economic-reform agenda, is succeeding. The economy contracted by .8 percent in the third quarter of 2015, following a decline of .7 percent in the preceding quarter. It was the fourth time in five years that the Japanese economy entered a recession, which is usually defined as two successive quarters of negative growth. The government said consumption by the private sector rose by .5...

Twenty years after Serbs massacred 8,000 Muslim men and boys in the Bosnian town of Srebrenica, the Serb government says it is donating $5.4 million to help revive the town's economy. "We want Srebrenica to become a bridge of cooperation," said Serbian Prime Minister Aleksandar Vucic, attending an investment conference in the town. "Nobody can return the brothers to their sisters, the children to their mothers but what we can do is to look into the future, make it different, take care of...

A federal grand jury in New York has indicted two nephews of Venezuela's powerful first lady for allegedly trying to smuggle cocaine into the United States. Efrain Antonio Campo Flores, 29, and Franqui Francisco Flores de Freitas, 30, were charged in a one-count indictment filed in New York. They will appear before a judge on Thursday afternoon. The indictment says the two men participated in an October meeting to discuss shipping cocaine into the United States via Honduras. They were...

A judge in Utah has ordered a lesbian couple to give up the infant foster child they were caring for, reportedly telling them that the girl would be better off living with a straight couple, according to The Salt Lake Tribune . Beckie Peirce, 34, and her wife, April Hoagland, 38, say they were taken aback on Tuesday when 7th District Court Juvenile Judge Scott Johansen ordered the girl removed from their care and placed in another home within seven days. "He said through his research he had...

Seven employees of a Florida real estate firm were among those who died when their small plane crashed into an Ohio apartment building Tuesday, the firm said today. The plane, a 10-passenger Hawker business jet, was approaching Akron Fulton International Airport when it slammed into a four-unit apartment building at about 3:00 p.m., killing nine people including the crew. Weather conditions at the time were poor, with low visibility and fog, Quincy Vagell, a meteorologist for The Weather...

Volkswagen is offering its diesel vehicle owners $1,000 in incentives, in what it calls "a first step" toward regaining their loyalty following the scandal over faked emissions tests. The package is available to about 480,000 customers in the U.S. and Puerto Rico with 2-liter, four-cylinder diesel vehicles. They can apply to receive a $500 prepaid Visa card, a $500 dealership card and three years of free roadside assistance, the company said. "We are working tirelessly to develop an approved...

New York state Attorney General Eric Schneiderman says coal giant Peabody Energy made false and misleading statements to investors about the financial risks it faces because of climate change. As part of an agreement with Schneiderman's office, the company has agreed to revise the disclosures it makes to investors about the risks in its quarterly report released today, and has promised to include the disclosures in future filings. Peabody did not admit wrongdoing and faces no financial...

Thousands of Russian tourists were returning home from Egypt on Sunday, as suspicions mount that a bomb may have caused the crash of a St. Petersburg-bound charter jet over the Sinai on Oct. 31 . "Today is the busiest day in this sense," Russian Deputy Prime Minister Arkady Dvorkovich said Sunday. Russia announced Friday it was suspending flights to Egypt until it determined the cause of the crash, which killed 224 people. "Until we know the real reasons for what happened, I consider it...

The debate over the Trans-Pacific Partnership, the free-trade pact between the United States and 11 other countries, is about to heat up. Details of the 30-chapter agreement , which runs to hundreds of pages, were released online Thursday. Meanwhile, the White House is expected to notify Congress that President Obama intends to sign the deal, kicking off a 90-day review period, at the end of which Congress has to vote on whether to pass the deal. The White House says the agreement known as...

Federal Reserve Chair Janet Yellen continues to leave the door open for an interest rate hike in December, though she says that once rates start to rise, it will be "very gradual." Testifying before the House Financial Services Committee on Wednesday, Yellen said the economy is "performing well," with solid growth in domestic spending. As a result, she said, there's a "live possibility" that officials could raise rates at the Fed's Dec. 15-16 meeting. However, she told lawmakers no decision...

Video-game publisher Activision Blizzard Inc. is taking a big step into the mobile world, acquiring King Digital Entertainment , the maker of Candy Crush games, for $5.9 billion. The deal will create the second biggest game company in the world, after Tencent, says the research firm Newzoo. It will have some 500 million active monthly users around the world. The move is something of a gamble for Activision. King has developed more than 200 exclusive games and has a network of 330 million...

U.S. Navy investigators have found the wreckage of the cargo ship El Faro, which sank off the Bahamas during Hurricane Joaquin with 33 people aboard, the National Transportation Safety Board has confirmed . The U.S.-flagged ship was located after a week of searching by a crew from U.S. Naval Sea Systems Command, using sonar equipment. It appears to be in an upright position and in one piece at a depth of about 15,000 feet. Investigators will continue to search the sea bottom, the NTSB said....

China unveiled its first passenger jet Monday, part of an effort to compete in the lucrative commercial aircraft business now dominated by Boeing and Airbus. The single-aisle, twin-engine C919 was developed by the state-run Commercial Aircraft Corporation of China, or Comac. The jet was shown to a large crowd of government dignitaries in a hangar at an assembly plant outside Shanghai, near Pudong International Airport. "A great nation must have its own large commercial aircraft," China's...

Copyright 2015 NPR. To see more, visit http://www.npr.org/. Transcript ROBERT SIEGEL, HOST: Today, the Federal Reserve moved closer to approving a plan to protect taxpayers from the kinds of bank bailouts we saw in the financial crisis of 2008. The new rules would require the country's biggest banks to keep more capital on hand to cover any losses in case of another meltdown. NPR's Jim Zarroli reports that the banks will have to issue $120 billion in long-term debt to meet the requirements....

Valeant Pharmaceuticals International is ending its relationship with Philidor Rx Services, because of questions raised about whether it was using the specialty pharmacy to boost sales of Valeant drugs over cheaper versions. As a result, Philidor will shut down as soon as possible, The Wall Street Journal reported . "The newest allegations about activities at Philidor raise additional questions about the company's business practices," Valeant CEO J. Michael Pearson, said in a statement. "We...

The U.S. economy grew at a considerably slower pace during the third quarter as companies cut back on the size of their inventories, the Commerce Department said. Growth came in at an annual rate of 1.5 percent — a sharp slowdown from the 3.9 percent gain recorded in the preceding quarter. The economy has grown at about 2 percent so far this year. "The basic story continues to be one of modest growth with very little inflation," said economist Dean Baker of the Center for Economic and Policy...

Two of the nation's largest drug store chains want to merge, a deal that's certain to face intense scrutiny from federal regulators worried about its potential harm to consumers. Walgreens Boots Alliance, the company that owns Walgreens drugstores, said yesterday that it has agreed to buy Rite Aid for about $9 a share, in a deal worth about $17 billion. The deal would help Walgreens expand its footprint geographically, creating a single retail chain with almost 13,000 stores around the...

Lions are rapidly disappearing in large parts of Africa, and their population could be reduced by half outside of protected areas over the next two decades, according to a study published Tuesday in the Proceedings of the National Academy of Sciences. "Many lion populations are either gone or expected to disappear within the next few decades," says one of the report's co-authors, Luke Hunter, president and chief conservation officer at Panthera , a group dedicated to the protection of large...

A few months ago, Federal Reserve policymakers were all but promising they would raise interest rates before the end of this year. Now, as the U.S. economy shows signs of a slowdown, a hike in 2015 is looking a lot less likely . As the Fed's Open Market Committee begins a two-day meeting today, its members are having to grapple with some difficult questions: How much of a threat does the slowdown overseas present to the U.S. economy? Is the decline in job creation in August and September just...

The company that makes Legos has landed at the center of a social-media firestorm after Chinese artist Ai Weiwei complained that it refused to supply a bulk order of the toy bricks for his art. Ai said he wanted to use the bricks for an exhibition on free speech at Australia's National Gallery of Victoria. The museum attempted to place an order but was told by the company that it "cannot approve the use of Legos for political works." "We've been refused, and the reason is Lego will not...

As criticism mounts over its business practices, multinational drug company Valeant Pharmaceuticals will hold a conference call Monday morning, in an effort to persuade Wall Street not to bail on its stock. "We look forward to our call on Monday where we will address and refute recent allegations," said J. Michael Pearson, chairman and chief executive officer, in a statement. The company, once a darling of investors, has been hit with allegations of fraud by short-sellers, and its shares have...

The Obama Administration has suggested steps to help Puerto Rico emerge from its financial troubles but says it needs cooperation from Congress to really address the crisis. " Without a comprehensive solution, which requires Congressional action, Puerto Rico and its creditors risk a long, difficult, and disorderly crisis," according to a statement from Treasury Secretary Jacob J. Lew, National Economic Council director Jeffrey D. Zients and Sylvia Mathews Burwell, Secretary of Health and...

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