Jim Zarroli
Jim Zarroli is an NPR correspondent based in New York. He covers economics and business news.
Over the years, he has reported on recessions and booms, crashes and rallies, and a long string of tax dodgers, insider traders, and Ponzi schemers. Most recently, he has focused on trade and the job market. He also worked as part of a team covering President Trump's business interests.
Before moving into his current role, Zarroli served as a New York-based general assignment reporter for NPR News. While in this position, he reported from the United Nations and was also involved in NPR's coverage of Hurricane Katrina, the London transit bombings, and the Fukushima earthquake.
Before joining NPR in 1996, Zarroli worked for the Pittsburgh Press and wrote for various print publications.
He lives in Manhattan, loves to read, and is a devoted (but not at all fast) runner.
Zarroli grew up in Wilmington, Delaware, in a family of six kids and graduated from Pennsylvania State University.
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The state of New York sues former New York Stock Exchange chair Richard Grasso and a former board member over the legality of Grasso's $187.5 million pay package. State Attorney General Eliot Spitzer, who filed the suit, called the arrangement "inappropriate and illegal." Grasso stepped down last September after his compensation caused an outcry. NPR's Jim Zarroli reports.
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Citigroup agrees to pay $2.65 billion to settle a class-action suit brought by investors over its role in the WorldCom scandal. Citigroup's Salomon Smith Barney issued optimistic research reports on WorldCom and helped it raise money by selling its securities. The money will be paid to those who held company shares between 1999 and 2002, when the telecom giant declared bankruptcy. NPR's Jim Zarroli reports.
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Investment banker Frank Quattrone, who rose to fame during the dot-com stock bubble, is convicted of obstructing justice in a federal investigation. After deliberating for more than seven hours, a federal jury found Quattrone guilty in a case that hinged on an email in which Quattrone encouraged colleagues to destroy files. An appeal is expected. Hear NPR's Robert Siegel and NPR's Jim Zarroli.
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The nation's gross domestic product, or value of goods and services, grew at a 4.2 percent annual rate during the first three months of the year, an improvement over the end of 2003 but not as strong as many analysts were expecting. The Commerce Department's prime price index, omitting food and energy, rose 2.3 percent, compared with 1.5 percent in the fourth quarter. NPR's Jim Zarroli reports.
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China's booming economic growth has sparked a tremendous need for raw materials like cooper, steel and scrap metal. China must import this material, and prices have shot up. U.S. companies are having financial difficulties competing with China in the scrap-metal market. NPR's Jim Zarroli reports.
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Martha Stewart is convicted of lying to federal investigators about details related to her December 2001 sale of stock in ImClone Systems. Her former stockbroker was convicted of four of five counts against him. Stewart vows to appeal. NPR's Jim Zarroli reports.
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Martha Stewart says she will appeal her conviction on charges of conspiracy, obstructing justice and making false statements to investigators. Stewart's stockbroker, Peter Baconovic, is found guilty of obstruction, conspiracy and perjury, but is acquitted of one charge of filing a false document. Hear NPR's Melissa Block and NPR's Jim Zarroli.
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Cable giant Comcast faces obstacles in its quest to acquire the Walt Disney Co. Analysts say Comcast will likely need to increase its bid to convince Disney shareholders to sell the company. If that happens, Comcast will have to ease consumer concerns over media consolidation and persuade federal regulators that the takeover won't inhibit competition. NPR's Jim Zarroli reports.
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Federal Reserve Chairman Alan Greenspan tells lawmakers he doesn't believe the economy needs short-term stimulus. Congress, he says, should focus on actions that promote long-term growth. And he admonishes Congress to get deficits under control. NPR's Jim Zarroli reports.
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The unemployment rate falls to 5.7 percent in January, a drop of 0.3 percent. The improvement is tied to hiring in the retail sector, but the surge was a bit misleading. Restaurants and other retailers hired fewer people than usual in December, and that threw January's numbers off. NPR's Jim Zarroli reports.