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.

Top executives at the biggest Wall Street firms would have to wait four years to collect most of their bonus pay and could be forced to return the money in the event of wrongdoing, under proposed rules unveiled by federal regulators.

The rules, which were released Thursday by the National Credit Union Administration for public comment, say senior executives at firms worth more than $250 billion must wait to collect 60 percent of their bonus pay.

Executives at firms valued at $50 billion to $250 billion would have to wait three years to receive half their bonuses.

The European Union has filed new antitrust charges against Google, alleging that it uses its Android operating system to impose unfair conditions on makers of mobile devices.

"

We found that Google pursues an overall strategy on mobile devices to protect and expand its dominant position in internet search," Margrethe Vestager, the EU's commissioner for competition, said in a statement today.

Sen. Bernie Sanders says that if he is elected president in November, one of his first acts in office would be to begin breaking up the large financial institutions that pose a grave risk to the economy.

But there's a problem with that idea: It's not clear the president has the legal authority to break up the banks.

"It's not something the president can do. It's not even something the Treasury can do," says Karen Shaw Petrou, managing partner of Federal Financial Analytics.

The leaking of more than 11 million documents from Panamanian law firm Mossack Fonseca earlier this month cast new light on the arcane world of offshore shell companies, long a favorite hiding place for the very rich.

Goldman Sachs has become the latest big bank to agree to a multibillion-dollar settlement over the way it packaged and sold mortgage-backed securities in the heady days of the housing boom.

The Justice Department said Monday that Goldman had agreed to pay $5.06 billion over its conduct in the packaging and sale of residential mortgage-backed securities between 2005 and 2007.

Poor people who reside in expensive, well-educated cities such as San Francisco tend to live longer than low-income people in less affluent places, according to a study of more than a billion Social Security and tax records.

Poor people who reside in expensive, well-educated cities such as San Francisco tend to live longer than low-income people in less affluent places, according to a study of more than a billion Social Security and tax records.

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

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

Donald Trump first made his mark in the mid-1970s by purchasing the venerable Commodore Hotel in Midtown Manhattan and covering it with stainless steel and glass.

It was the beginning of a long, carefully planned campaign to create a Trump brand of glitz and glamour — one that he would attach to everything from champagne to neckties.

Now some people think that the mud-slinging presidential campaign may have seriously damaged Trump's brand, especially with the high-income crowd he caters to.

U.S. companies will find it much harder to reduce their taxes by merging with foreign firms under new rules introduced by the Obama administration, and that's already throwing the fate of one big deal in doubt.

Shares of Allergan were down sharply Tuesday, as investors questioned whether its $150 billion merger with pharmaceutical giant Pfizer will still take place.

General Electric wants to be removed from the federal government's list of too-big-to-fail financial institutions, arguing that it's no longer a major player in the financial services industry.

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

Over the past few decades, New York City has become safer, richer and a lot more crowded than it used to be. All over Manhattan these days, you can see apartment buildings going up — and yet finding a decent place to live has become tougher than ever.

"We are in an official housing crisis, period, in New York City," says Alicia Glen, New York City's deputy mayor for housing and development. "Our population is growing much more rapidly than our housing stock and so we have a really imbalanced housing market."

Like other presidential candidates before him, Donald Trump is under pressure to release his tax returns. Former GOP presidential candidate Mitt Romney (who faced tax disclosure issues of his own) even suggested this week that Trump was refusing to do so because they contain a "bombshell."

At Thursday's Republican debate in Houston, Trump explained that he cannot release his returns because he is being audited by the Internal Revenue Service.

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