NPR People: Jim Zarroli http://www.npr.org/templates/story/story.php?storyId=4581822&ft=1&f=4581822 Jim Zarroli is a reporter who has covered business and the economy from NPR's New York bureau since 1996. Copyright 2009 NPR - For Personal Use Only NPR API RSS Generator 0.93 Wed, 25 Nov 2009 11:01:00 -0500 http://media.npr.org/images/podcasts/thumbnail/npr_generic_image_75.jpg Jim Zarroli http://www.npr.org/templates/story/story.php?storyId=4581822&ft=1&f=4581822 yes Veterans Face New Enemy: Unemployment More than 2,500 veterans flocked to the USS Intrepid, a decommissioned aircraft docked along the Hudson River in Manhattan, for a job fair Monday. While the unemployment rate in New York is 9 percent, it's nearly double that for combat-age veterans. One challenge is that their skills aren't easily understood by employers. Wed, 25 Nov 2009 11:01:00 -0500 http://www.npr.org/templates/story/story.php?storyId=120819305&ft=1&f=4581822 http://www.npr.org/templates/story/story.php?storyId=120819305&ft=1&f=4581822 More than 2,500 veterans flocked to the USS Intrepid, a decommissioned aircraft docked along the Hudson River in Manhattan, for a job fair Monday. While the unemployment rate in New York is 9 percent, it's nearly double that for combat-age veterans. One challenge is that their skills aren't easily understood by employers. 233 no More than 2,500 veterans flocked to the USS Intrepid, a decommissioned aircraft docked along the Hudson River in Manhattan, for a job fair Monday. While the unemployment rate in New York is 9 percent, it's nearly double that for combat-age veterans. One challenge is that their skills aren't easily understood by employers.

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]]> A New Bubble For China? The United States isn't the only government in the world that's spending money to stimulate its economy. Since the start of the recession, China has been spending some of its vast foreign reserves on a long series of capital and infrastructure projects. Sun, 15 Nov 2009 06:19:00 -0500 http://www.npr.org/templates/story/story.php?storyId=120399420&ft=1&f=4581822 http://www.npr.org/templates/story/story.php?storyId=120399420&ft=1&f=4581822 The United States isn't the only government in the world that's spending money to stimulate its economy. Since the start of the recession, China has been spending some of its vast foreign reserves on a long series of capital and infrastructure projects. no The United States isn't the only government in the world that's spending money to stimulate its economy. Since the start of the recession, China has been spending some of its vast foreign reserves on a long series of capital and infrastructure projects.

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]]> Low-Cost Brooklyn Housing Sees Few Foreclosures The Nehemiah project has made affordable housing possible for working-class homeowners in Brooklyn and the Bronx. The church-run project's strict lending practices have helped keep foreclosure rates surprisingly low. Tue, 20 Oct 2009 11:31:00 -0400 http://www.npr.org/templates/story/story.php?storyId=113931948&ft=1&f=4581822 http://www.npr.org/templates/story/story.php?storyId=113931948&ft=1&f=4581822 The Nehemiah project has made affordable housing possible for working-class homeowners in Brooklyn and the Bronx. The church-run project's strict lending practices have helped keep foreclosure rates surprisingly low. 320 no The Nehemiah project has made affordable housing possible for working-class homeowners in Brooklyn and the Bronx. The church-run project's strict lending practices have helped keep foreclosure rates surprisingly low.

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]]> Dow Closes Above 10,000 The Dow Jones industrial average closed above 10,000 points Wednesday, fueled by better-than-expected retail sales numbers and big profits at JP Morgan Chase. The bank reported third-quarter earnings of $3.6 billion, but warned that it still expects more problems with consumer loans. Wed, 14 Oct 2009 16:00:00 -0400 http://www.npr.org/templates/story/story.php?storyId=113803546&ft=1&f=4581822 http://www.npr.org/templates/story/story.php?storyId=113803546&ft=1&f=4581822 The Dow Jones industrial average closed above 10,000 points Wednesday, fueled by better-than-expected retail sales numbers and big profits at JP Morgan Chase. The bank reported third-quarter earnings of $3.6 billion, but warned that it still expects more problems with consumer loans. 212 no The Dow Jones industrial average closed above 10,000 points Wednesday, fueled by better-than-expected retail sales numbers and big profits at JP Morgan Chase. The bank reported third-quarter earnings of $3.6 billion, but warned that it still expects more problems with consumer loans.

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]]> Some Tenants Pay The Price For Mortgage Excesses When the real estate market crashed, many developers found themselves saddled with apartments that bring in far less money than they need to pay the loans on the properties. Now, more than 70,000 New York City apartment units are in foreclosure or at risk of it. Mon, 12 Oct 2009 14:59:00 -0400 http://www.npr.org/templates/story/story.php?storyId=113734798&ft=1&f=4581822 http://www.npr.org/templates/story/story.php?storyId=113734798&ft=1&f=4581822 When the real estate market crashed, many developers found themselves saddled with apartments that bring in far less money than they need to pay the loans on the properties. Now, more than 70,000 New York City apartment units are in foreclosure or at risk of it. 281 no When the real estate market crashed, many developers found themselves saddled with apartments that bring in far less money than they need to pay the loans on the properties. Now, more than 70,000 New York City apartment units are in foreclosure or at risk of it.

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]]> First Female Economics Nobel Winner Shares Prize The Nobel prize in Economics was awarded Monday to two Americans, Elinor Ostrom — the first female winner — and Oliver Williamson. The committee said the prestigious award was for their work in economic governance. Mon, 12 Oct 2009 07:37:00 -0400 http://www.npr.org/templates/story/story.php?storyId=113724501&ft=1&f=4581822 http://www.npr.org/templates/story/story.php?storyId=113724501&ft=1&f=4581822 The Nobel prize in Economics was awarded Monday to two Americans, Elinor Ostrom — the first female winner — and Oliver Williamson. The committee said the prestigious award was for their work in economic governance. 240 no The Nobel prize in Economics was awarded Monday to two Americans, Elinor Ostrom — the first female winner — and Oliver Williamson. The committee said the prestigious award was for their work in economic governance.

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]]> Bank Of America CEO Ken Lewis To Retire Bank of America says its embattled Chief Executive Ken Lewis will step down at the end of the year. Lewis is one of the most powerful and influential figures in the banking business. But he has spent the past year taking heat for his bank's controversial acquisition of Merrill Lynch. Thu, 01 Oct 2009 09:07:00 -0400 http://www.npr.org/templates/story/story.php?storyId=113374419&ft=1&f=4581822 http://www.npr.org/templates/story/story.php?storyId=113374419&ft=1&f=4581822 Bank of America says its embattled Chief Executive Ken Lewis will step down at the end of the year. Lewis is one of the most powerful and influential figures in the banking business. But he has spent the past year taking heat for his bank's controversial acquisition of Merrill Lynch. 99 no Bank of America says its embattled Chief Executive Ken Lewis will step down at the end of the year. Lewis is one of the most powerful and influential figures in the banking business. But he has spent the past year taking heat for his bank's controversial acquisition of Merrill Lynch.

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]]> World Leaders Disagree Over Bonus Culture World leaders gathering in Pittsburgh for the G-20 summit are expected to consider whether to impose new restrictions on the financial industry's bonus culture. U.S. officials are at odds with other countries over how much of a say regulators should have in determining how much a company pays its executives. Thu, 24 Sep 2009 06:15:00 -0400 http://www.npr.org/templates/story/story.php?storyId=113154037&ft=1&f=4581822 http://www.npr.org/templates/story/story.php?storyId=113154037&ft=1&f=4581822 World leaders gathering in Pittsburgh for the G-20 summit are expected to consider whether to impose new restrictions on the financial industry's bonus culture. U.S. officials are at odds with other countries over how much of a say regulators should have in determining how much a company pays its executives. 257 no World leaders gathering in Pittsburgh for the G-20 summit are expected to consider whether to impose new restrictions on the financial industry's bonus culture. U.S. officials are at odds with other countries over how much of a say regulators should have in determining how much a company pays its executives.

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]]> Bernanke Says Recession Appears To Be Over Federal Reserve Chairman Ben Bernanke says the recession appears to be over, but he cautioned that the economy probably won't grow very fast for a while, and unemployment is likely to remain high. He made the remarks Tuesday, shortly after the release of some encouraging new data about retail sales. Wed, 16 Sep 2009 06:00:00 -0400 http://www.npr.org/templates/story/story.php?storyId=112872550&ft=1&f=4581822 http://www.npr.org/templates/story/story.php?storyId=112872550&ft=1&f=4581822 Federal Reserve Chairman Ben Bernanke says the recession appears to be over, but he cautioned that the economy probably won't grow very fast for a while, and unemployment is likely to remain high. He made the remarks Tuesday, shortly after the release of some encouraging new data about retail sales. 91 no Federal Reserve Chairman Ben Bernanke says the recession appears to be over, but he cautioned that the economy probably won't grow very fast for a while, and unemployment is likely to remain high. He made the remarks Tuesday, shortly after the release of some encouraging new data about retail sales.

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]]> SEC's Deal With Bank Of America Rejected A federal judge has rejected an SEC settlement with Bank of America, writing that the government's justification is "at war with common sense." The Securities and Exchange Commission had charged Bank of America executives with misleading its shareholders over the acquisition of Merrill Lynch. Now that the settlement has been thrown out, the case will go to trial. Tue, 15 Sep 2009 08:10:00 -0400 http://www.npr.org/templates/story/story.php?storyId=112839289&ft=1&f=4581822 http://www.npr.org/templates/story/story.php?storyId=112839289&ft=1&f=4581822 A federal judge has rejected an SEC settlement with Bank of America, writing that the government's justification is "at war with common sense." The Securities and Exchange Commission had charged Bank of America executives with misleading its shareholders over the acquisition of Merrill Lynch. Now that the settlement has been thrown out, the case will go to trial. 255 no A federal judge has rejected an SEC settlement with Bank of America, writing that the government's justification is "at war with common sense." The Securities and Exchange Commission had charged Bank of America executives with misleading its shareholders over the acquisition of Merrill Lynch. Now that the settlement has been thrown out, the case will go to trial.

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]]> Low Dollar Drives Investors To Commodities The U.S. dollar is at its lowest level of the year against the Euro, and it's lost ground against other currencies as well. The weakness of the dollar has helped push up the cost of commodities like oil and copper. Wed, 09 Sep 2009 06:00:00 -0400 http://www.npr.org/templates/story/story.php?storyId=112665058&ft=1&f=4581822 http://www.npr.org/templates/story/story.php?storyId=112665058&ft=1&f=4581822 The U.S. dollar is at its lowest level of the year against the Euro, and it's lost ground against other currencies as well. The weakness of the dollar has helped push up the cost of commodities like oil and copper. 97 no The U.S. dollar is at its lowest level of the year against the Euro, and it's lost ground against other currencies as well. The weakness of the dollar has helped push up the cost of commodities like oil and copper.

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]]> 'Surreal' September Marked Depth Of Crisis A year ago, the nation's financial system was in peril. Over the course of days, credit markets were paralyzed, storied investment banks went bust, and it seemed the world might be on the verge of a catastrophic depression. Tue, 08 Sep 2009 08:27:00 -0400 http://www.npr.org/templates/story/story.php?storyId=112630903&ft=1&f=4581822 http://www.npr.org/templates/story/story.php?storyId=112630903&ft=1&f=4581822 A year ago, the nation's financial system was in peril. Over the course of days, credit markets were paralyzed, storied investment banks went bust, and it seemed the world might be on the verge of a catastrophic depression. 304 no A year ago, the nation's financial system was in peril. Over the course of days, credit markets were paralyzed, storied investment banks went bust, and it seemed the world might be on the verge of a catastrophic depression.

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]]> Fannie, Freddie Future Still Unclear The first momentous event in the economic crisis was the stunning takeover of Fannie Mae and Freddie Mac by the federal government. The two mortgage giants had been badly hurt in the collapse of the housing market. A year after the financial crisis spiraled out of control, their future is still unclear. Mon, 07 Sep 2009 16:00:00 -0400 http://www.npr.org/templates/story/story.php?storyId=112622691&ft=1&f=4581822 http://www.npr.org/templates/story/story.php?storyId=112622691&ft=1&f=4581822 The first momentous event in the economic crisis was the stunning takeover of Fannie Mae and Freddie Mac by the federal government. The two mortgage giants had been badly hurt in the collapse of the housing market. A year after the financial crisis spiraled out of control, their future is still unclear. 439 no The first momentous event in the economic crisis was the stunning takeover of Fannie Mae and Freddie Mac by the federal government. The two mortgage giants had been badly hurt in the collapse of the housing market. A year after the financial crisis spiraled out of control, their future is still unclear.

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]]> U.S. Settles With Swiss Bank UBS On Accounts Switzerland has agreed to set in motion a process that may ultimately yield ownership details on 4,450 accounts at Swiss bank UBS. The U.S. has been pressing UBS to release the names on the accounts so it can go after "tax cheats." The IRS says it got most of what it wanted from the agreement, but it's clear there are many hurdles and the process will take some time. Wed, 19 Aug 2009 16:00:00 -0400 http://www.npr.org/templates/story/story.php?storyId=112035637&ft=1&f=4581822 http://www.npr.org/templates/story/story.php?storyId=112035637&ft=1&f=4581822 Switzerland has agreed to set in motion a process that may ultimately yield ownership details on 4,450 accounts at Swiss bank UBS. The U.S. has been pressing UBS to release the names on the accounts so it can go after "tax cheats." The IRS says it got most of what it wanted from the agreement, but it's clear there are many hurdles and the process will take some time. 200 no Switzerland has agreed to set in motion a process that may ultimately yield ownership details on 4,450 accounts at Swiss bank UBS. The U.S. has been pressing UBS to release the names on the accounts so it can go after "tax cheats." The IRS says it got most of what it wanted from the agreement, but it's clear there are many hurdles and the process will take some time.

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]]> New J.C. Penney Caters To Impatient Manhattanites J.C. Penney has taken extra steps to provide the fast service demanded by fast-paced customers at its new Manhattan store. That includes hiring "runners" to retrieve merchandise from stockrooms, and setting up an electronic system to funnel customers through registers quickly. Tue, 18 Aug 2009 00:00:00 -0400 http://www.npr.org/templates/story/story.php?storyId=111967096&ft=1&f=4581822 http://www.npr.org/templates/story/story.php?storyId=111967096&ft=1&f=4581822 J.C. Penney has taken extra steps to provide the fast service demanded by fast-paced customers at its new Manhattan store. That includes hiring "runners" to retrieve merchandise from stockrooms, and setting up an electronic system to funnel customers through registers quickly. 264 no J.C. Penney has taken extra steps to provide the fast service demanded by fast-paced customers at its new Manhattan store. That includes hiring "runners" to retrieve merchandise from stockrooms, and setting up an electronic system to funnel customers through registers quickly.

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