High Plains Public Radio

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.

Donald Trump was elected president promising to use his business-world experience and negotiating skills to help boost the American economy. Now that he's about to take office, a lot of people hope he'll leave the business world behind. Two-thirds of those responding to a Bloomberg News poll said they think Trump needs to choose between being president and being a businessman, to avoid the appearance of a conflict of interest. "They want him to be president, and they want that to be a full...

He was a flamboyant, alpha-male billionaire who said things no career politician ever would — someone who promised to use his business savvy to reform the system and bring back jobs. Voters believed that his great wealth insulated him from corruption, because he couldn't be bought. But his administration was marked by criminal investigations and crony capitalism. Italian Prime Minister Silvio Berlusconi was — until Donald Trump came along — the best known example of a certain type of wealthy...

President-elect Donald Trump has chosen Wilbur Ross Jr., a billionaire investor and turnaround specialist, as his commerce secretary. Ross announced his selection Wednesday during a joint CNBC interview with longtime Wall Street banker Steve Mnuchin , Trump's pick for Treasury secretary. "Wilbur Ross is a champion of American manufacturing and knows how to help companies succeed," Trump said in a statement announcing his choice. "Wilbur knows that cutting taxes for working families, reducing...

The Donald J. Trump Foundation has acknowledged in a tax filing that it violated the ban against "self-dealing," or using its assets to help its leader's business or personal interests, The Washington Post reported. The Post quoted copies of the foundation's 2015 IRS tax returns , which had been uploaded, apparently by the foundation's attorneys, to a nonprofit tracking site called GuideStar. The newspaper said it hadn't yet confirmed whether the forms had actually been sent to the IRS. The...

When comedian Bill Maher offered $5 million to Donald Trump if he could prove he wasn't the son of an orangutan, Trump did something he's done many times before: He sued . During Trump's decades-long business career, the president-elect has been named in more than 4,000 suits, either as a plaintiff or defendant, in everything from branding and contract disputes to defamation cases, according to a report in USA Today last summer. Close to half the cases involve gamblers who hadn't paid their...

JPMorgan Chase and its Hong Kong affiliate have agreed to pay a total of $264 million in fines to settle allegations that the bank hired the friends and relatives of Chinese government officials in exchange for business. The bank isn't being formally charged with wrongdoing, but by agreeing to pay the fines, it brings a three-year investigation by the U.S. government to a close. "Creating a barter system in which jobs are awarded to applicants in exchange for lucrative business deals is a...

Federal law says anyone who works for the executive branch of the government has to avoid conflicts of interest. The Treasury secretary cannot own stock in a big bank, for instance. And Richard Painter, who served as ethics adviser under President George W. Bush, says different administrations have typically been scrupulous about following the law. "Whenever anyone was even considering a position that would be appointed by the president, I would discuss with that person the need to sell off...

For 130 years, the hulking Bethlehem Steel Mill dominated the economy of eastern Pennsylvania's Northampton County, providing jobs for generations of residents. Today, it's been replaced by a Sands Casino. "It was thousands of jobs. The entire south side of Bethlehem was built for the residents, the employees of Bethlehem Steel. Now it's nothing," says county resident Keith Hornik, who works at his family's construction company. To Hornik and others, there's a direct line between the closure...

Never before has someone ascended to the presidency owning the kind of complex network of businesses that Donald Trump operates. Trump has promised to turn his company over to his three grown children to run once he's sworn in. But he has refused to do what other presidents have done to insulate himself from conflicts of interest. Trump's new hotel on Pennsylvania Avenue in Washington, not far from the White House, is built in a grand old federal post office building. He had to negotiate with...

The rallies and debates, the tweets and the fundraisers, the wearying last-minute swings through the same half-dozen or so battleground states — all that is winding down at last. Today it was time for the two major presidential candidates to perform the Election Day ritual of casting their own votes, just like average Joes, except for the fact that average Joes aren't usually trailed by dozens of reporters and TV cameras. "I know how much responsibility goes with this, and so many people are...

When news broke Friday that the FBI had discovered emails that might be pertinent to its investigation of Democratic presidential candidate Hillary Clinton, stock prices suddenly took a tumble . The decline can be explained by an unusual development in this year's long, contentious presidential campaign, says Eric Zitzewitz, a professor of economics at Dartmouth College. For the first time in history, the financial markets seem to prefer the Democratic candidate for president over the...

Some of the country's most prominent economists have signed a letter warning that Donald Trump is a "dangerous, destructive" choice for president and urging voters to choose someone else. The letter , first reported by The Wall Street Journal, was signed by 370 economists, including eight Nobel Prize winners. The text stops short of endorsing Democrat Hillary Clinton, though, and doesn't criticize Trump on ideological grounds. Instead, it says he has made repeated statements aimed at...

Copyright 2016 NPR. To see more, visit http://www.npr.org/.

If presidential candidates Hillary Clinton and Donald Trump were consumer products, they wouldn't exactly be flying off the shelves, according to a firm that studies brand loyalty. The Reputation Institute , which gauges how consumers view companies, politicians and even countries, gives Republican nominee Trump what it calls an overall "pulse score" of 31.7. Democratic nominee Hillary Clinton rates a bit better, at 38.7. Any score less than 40 qualifies as having a "poor reputation," the...

Wells Fargo's board of directors is trying to determine whether to claw back pay for top executives in response to the scandal involving unauthorized customer accounts, The Wall Street Journal reported. The Journal, citing a source familiar with the matter, said the bank wants to resolve the issue before CEO John Stumpf testifies before the House Financial Services Committee on Thursday. A spokesman for the bank refused to confirm or deny the report. Earlier this month, Wells Fargo said it...

This month federal regulators fined Wells Fargo $185 million for opening checking and credit card accounts on behalf of customers who had no idea that was happening. The bank has promised to try to make restitution. But that's a lot harder than it sounds. A big question is how to compensate people whose credit scores were hurt by what the bank did. Regulators say that over a five-year period some 2 million credit card and deposit accounts were opened that may not have been authorized by the...

The founder of Rolling Stone is selling a minority share of the fabled magazine to a Singapore-based social media entrepreneur, the first time an outside investor has been allowed to buy into the property. Several media reports say Jann Wenner has decided to sell 49 percent of the magazine, as well as its digital assets, to BandLab Technologies, a social-networking site for musicians and fans. The sale will not involve Rolling Stone 's parent company, Wenner Media LLC, and Wenner will retain...

Joel Bowen slips slowly down a telephone pole, his boots fixed with little metal spears to grip the wood. "It's just like starting all over again, but I figure a couple of years the money will start rolling in better," he says, his face dripping with sweat from the Kentucky humidity. "It has to be better on my health. I won't be breathing in the coal dust and the rock dust no more." At 48, after spending years below ground in the coal mines, Bowen is preparing to work in the sky. He's...

Copyright 2016 NPR. To see more, visit http://www.npr.org/. ROBERT SIEGEL, HOST: Apple is vowing to appeal the ruling by the European Union ordering the U.S. tech giant to pay more than $14 billion in back taxes. EU regulators announced the long awaited ruling earlier today, saying the tax arrangement between Apple and the Irish government is illegal and gives Apple an unfair advantage over its competitors. NPR's Jim Zarroli reports. JIM ZARROLI, BYLINE: EU officials say that for years Apple...

Talks aimed at setting up a U.S.-European free trade zone have run aground because of intransigence on Washington's part, a top German politician said Sunday. "In my opinion the negotiations with the United States have de facto failed even though nobody is really admitting it," said Sigmar Gabriel, German vice chancellor and economy minister, in an interview with the broadcaster ZDF on Sunday. The Obama administration and the 28-member European Union have been in talks to set up the...

It's a line that draws thunderous applause at Republican presidential candidate Donald Trump's campaign rallies, one that can sometimes even bring the crowd to its feet: Let's bring back America's lost manufacturing jobs. And is there any question why? The United States has lost nearly 5 million manufacturing jobs since 2000 alone, hollowing out factory towns all over the country and leaving countless working-class Americans struggling. Getting those jobs back is a goal that politicians of...

Republican presidential nominee Donald Trump has released a second list of economic advisers in less than a week, and this time the names are almost all women. The advisers include several longtime GOP fundraisers, including Diane Hendricks, co-founder and chairman of ABC Supply in Wisconsin, who was called "America's richest self-made woman" by Forbes magazine. New York Lt. Gov. Betsy McCaughey, who wrote several influential but highly controversial articles criticizing Hillary Clinton's...

Donald Trump has released the names of his economic advisers, a list heavy with Wall Street and real estate industry figures, but short of actual economists. The names include several people from the world of hedge fund and private equity firms, including Steven Feinberg, chief executive and co-founder of Cerberus Capital Management; Thomas J. Barrack, founder and executive chairman of Colony Capital Inc.; and John Paulson, president of a hedge fund company bearing his name. One major oil...

Republican Donald Trump has built his presidential campaign around the idea that he is an enormously successful billionaire with a long track record of making money — and that given the chance he can use his business smarts to revive the American economy. Tech entrepreneur and Dallas Mavericks owner Mark Cuban wants people to know he's not so impressed. "I can tell you as an entrepreneur and investor with absolute certainty that companies and jobs, they won't be created by terrifying people,"...

The U.S. economy grew at an annual rate of just 1.2 percent during the second quarter of this year, well below expectations, and it came after an even weaker first quarter, the Commerce Department said. The report exacerbates fears that factors such as the global slowdown and the decline in energy production might have hit the economy harder than first thought. While all-important consumer spending rose by a healthy 4.2 percent, business investment fell by 9.7 percent and inventories fell....

Last month's vote by the United Kingdom to leave the European Union has left a lot of unanswered questions. One is what will happen to the 2.5 million EU residents who now work in the U.K. Many employers say sending them home would be a disaster for the British economy. Go into any store or restaurant in Greater London and the chances are good the people working there are from the EU. They teach in Britain's schools, pick its crops and build its houses. They're prominent in finance and...

The U.S. Department of Justice has filed civil complaints seeking to recover a billion dollars' worth of art, real estate and other assets bought with money allegedly stolen from a Malaysian sovereign wealth fund. U.S. officials say a total of $3.5 billion, raised through bond offerings made by the investment fund 1MDB between 2009 and 2015, was laundered through a series of sham transactions and shell corporations by "high level officials" of the fund and their associates. The U.S. is...

Herbalife has agreed to pay $200 million to reimburse consumers who lost money on its nutrition supplements and will also make major changes in its sales and distribution practices, the Federal Trade Commission announced today. The FTC filed a complaint accusing the company of deceiving consumers about how much money they could make selling its products, noting that most Herbalife distributors make no money at all. But federal officials stopped short of calling the company a pyramid scheme...

When the United Kingdom voted to leave the European Union last month, the seaside town of Port Talbot in Wales eagerly went along with the move. Brexit was approved by some 57 percent of the town's residents. Now some of them are wondering if they made the wrong decision. The June 23 Brexit vote has raised questions about the fate of the troubled Port Talbot Works, Britain's largest surviving steel plant — a huge, steam-belching facility that has long been the town's biggest employer. Before...

Presumptive Republican presidential nominee Donald Trump traveled to the small city of Monessen, Pa., on Tuesday to speak about the impact of international trade on U.S. manufacturing jobs. As he has before, Trump launched a full-throated attack on globalization, pinning the blame on politicians he says have allowed the U.S. manufacturing base to get hollowed out. "We allowed foreign countries to subsidize their goods, devalue their currencies, violate their agreements and cheat in every way...

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