Marilyn Geewax

Marilyn Geewax is a senior editor, assigning and editing business radio stories. She also serves as the national economics correspondent for the NPR web site, and regularly discusses economic issues on Tell Me More and Here & Now.

Her work contributed to NPR's 2011 Edward R. Murrow Award for hard news for "The Foreclosure Nightmare." Geewax also worked on the foreclosure-crisis coverage that was recognized with a 2009 Heywood Broun Award.

Before to joining NPR in 2008, Geewax served as the national economics correspondent for Cox Newspapers' Washington Bureau. Before that, she worked at Cox's flagship paper, the Atlanta Journal-Constitution, first as a business reporter and then as a columnist and editorial board member. She got her start as a reporter for the Akron Beacon Journal.

Over the years, she has filed business news stories from China, Japan, South Africa and Europe.

Geewax was a 1994-95 Nieman Fellow at Harvard, where she studied economics and international relations. She earned a master's degree at Georgetown University, focusing on international economic affairs, and has a bachelor's degree in journalism from The Ohio State University.

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Economy
5:12 pm
Wed September 18, 2013

The Fed's Surprising Decision: Should You Cheer Or Boo?

Federal Reserve Chairman Ben Bernanke arrives to speak at a news conference Wednesday in Washington, D.C. The Fed cut its economic growth forecasts and said it would keep buying bonds in a bid to keep interest rates down.
Mark Wilson Getty Images

If you are trying to buy a home, you just got good news: The Federal Reserve said Wednesday it is not going to try to drive up long-term interest rates just yet.

Stock investors are happy for you. They like cheap mortgages too because a robust housing market creates jobs. To celebrate, they bought more shares, sending the Dow Jones industrial average up 147.21 to an all-time high of 15,676.94.

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Business
11:29 am
Wed September 11, 2013

Maybe 'Muddling Through' Isn't That Bad For The Economy

Originally published on Wed September 11, 2013 4:15 pm

When the global financial system started to collapse five years ago, leaders from the Treasury Department, Congress and the Federal Reserve jumped up and started running.

Like men on a burning wooden bridge, they raced along, making crazy-fast decisions. They seized Fannie Mae and Freddie Mac, bailed out big banks, saved automakers, slashed interest rates and funded a massive infrastructure-building project to stimulate growth.

But that was then.

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Business
2:20 am
Mon September 2, 2013

Trucker Shortage Worsens As Energy Sector Booms

Keith Ceynar transfers oil from his truck into a tank at a facility outside Alexander, N.D. An increasing amount of oil is being delivered by trucks.
Matthew Staver Landov

Originally published on Mon September 2, 2013 3:45 am

When goods arrive in Houston, they may come in containers stacked high on huge ships or strung out on long lines of rail cars. But to get to the customer, those goods need to be put on trucks and driven to their final destinations.

And now with the oil and gas sectors booming, the demand for truckers is soaring. The U.S. Energy Information Administration says oil delivered to refineries by trucks shot up 38 percent between 2011 and 2012.

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Business
9:54 am
Fri August 30, 2013

More Americans Are In The Mood To Travel For Labor Day

Labor Day weekend travel may rise by 4.2 percent to the highest level since before the recession, according to AAA Travel.
Scott Olson Getty Images

After years of sticking close to home, more Americans are eager to shake off the recession's remnants and have a final summer adventure, according to experts who track travel.

"We've noticed that vacation plans increased quite a bit in August," compared with June, said Chris Christopher, an economist who focuses on consumer markets for IHS Global Insight, a forecasting firm.

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Business
1:56 am
Thu August 15, 2013

Pent-Up Demand Is Boosting Home Sales, But Can It Last?

Carpenters work on a housing site in Brandywine, Md., on May 31. Pent-up demand for homes could create jobs and help the struggling U.S. economy.
Gary Cameron Reuters/Landov

Originally published on Thu August 15, 2013 1:33 pm

Six years ago, the U.S. housing market plunged off a cliff. Now prices are bouncing back up — sharply in many markets.

That has some real estate analysts saying 2013 may mark the turning point — when pent-up demand will revive the housing sector and boost the broader economy.

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Business
4:28 pm
Tue August 13, 2013

DOJ Suit Seen Delaying, Not Killing Big Airline Merger

A United Airlines jet takes off behind a US Airways jet at Ronald Reagan Washington National Airport on Tuesday.
Win McNamee Getty Images

The government's decision Tuesday to oppose the merger of US Airways and American Airlines stunned airline analysts, but many predicted the deal eventually will win go through.

"Given that other airline mergers were approved, this was a surprise," University of Richmond transportation economist George Hoffer said. Other major carriers already have been allowed to combine forces, so "it's illogical to oppose this merger. This move comes a day late and a dollar short," he said.

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Business
11:06 am
Fri August 2, 2013

U.S. Job Growth Slows A Bit As Wages Shrink

Employees and supporters demonstrate Monday outside of a Wendy's fast-food restaurant in New York City to demand higher pay and the right to form a union. Incomes have been stagnant, especially for minimum-wage workers.
Spencer Platt Getty Images

Originally published on Fri August 2, 2013 12:10 pm

Employers added 162,000 workers in July, and the U.S. unemployment rate slipped to 7.4 percent, the lowest level since December 2008, the Labor Department said Friday.

But while the number of jobs did increase, the hiring pace was slower than in the spring, marking a setback for unemployed Americans who had hoped for a better summer.

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Business
2:02 am
Thu August 1, 2013

As Back-To-School Shopping Begins, Consumers May Turn Frugal

Chris Viehland helps her daughter Jenna try on shoes for the new school year at a Famous Footwear store in Fenton, Mo., Aug. 9, 2012.
Christian Gooden MCT/Landov

Originally published on Fri August 2, 2013 5:01 pm

As August begins, retailers are stepping up sales promotions to attract back-to-school shoppers. And several states are offering tax-free shopping to encourage purchases.

But most economists say this year's sales will be slower than last summer's because consumers have been coping with more expensive gasoline and higher payroll taxes.

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Economy
7:29 am
Thu July 18, 2013

Part-Time Workers Say Schedules Are Getting More Erratic

Part-time jobs have been proliferating this year as employers hold back on hiring.
iStockphoto.com

In the 1980s, a popular fast-food commercial touted chicken-breast sandwiches — and mocked chicken nuggets sold by competitors.

In the ad, a competitor's doofus clerk explains nuggets. "All the parts are crammed into one big part," he said. "And parts is parts."

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Business
2:27 am
Sun July 14, 2013

Baggage Fees Turn Five Years Old; Passengers Turn Blase

A traveler collects his bag from a luggage carousel in the Philadelphia International Airport in 2011. Baggage fees have helped financially desperate carriers stay aloft.
Matt Rourke AP

Originally published on Sun July 21, 2013 11:41 am

Hey, baggage fees — happy fifth birthday!

Even if passengers aren't eager to celebrate, airlines are. The fees, born in 2008, helped financially desperate carriers stay aloft as the U.S. economy was spiraling down.

"That was a watershed year that scared the bejeezus out of the airline industry," said Mark Gerchick, an aviation consultant who has just released a book, Full Upright and Locked Position. Even as ticket sales were sliding, jet fuel prices were shooting to historic highs.

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