Jim Zarroli

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Business
5:19 am
Wed May 15, 2013

Wal-Mart Won't Sign Pact, Has Own Way To Protect Workers

Originally published on Wed May 15, 2013 5:35 am

Following a factory collapse in Bangladesh that killed more than 1,000 people, Wal-Mart has declined to join a multi-company factory safety accord to try to prevent future disasters. Instead, the world's largest retailer announced its own set of inspection and safety measures.

Business
3:21 am
Mon May 13, 2013

Wall Street Complains About Bloomberg Reporters' Access To Info

Originally published on Mon May 13, 2013 7:41 am

Giant financial data company Bloomberg is acknowledging that some of its subscribers were tracked by the company's reporters. The reporters were allowed to see what kind of information the subscribers were looking at and how long it had been since they logged on. The tracking came to light after Goldman Sachs Raised questions about the practice. Over the weekend, the Federal Reserve said it is looking into whether its employees were tracked as well.

Business
4:50 pm
Thu May 9, 2013

Bangladesh's Powerful Garment Sector Fends Off Regulation

Credit AFP / AFP/Getty Images
Garment workers sew T-shirts at a factory in Dhaka, Bangladesh, in 2009. Bangladesh, the world's second-largest clothing exporter, has lured clothing makers through a combination of low wages and light regulation.

Originally published on Thu May 9, 2013 7:48 pm

Eight people died Wednesday in a fire at a Bangladeshi sweater factory. This follows the much deadlier collapse of the Rana Plaza building, where more than 900 people died.

The deaths are taking place in a garment sector that has seen explosive growth over the past three decades. The country has managed to lure clothing-makers through a combination of low wages and light regulation.

As a manufacturing center, Bangladesh has little to recommend it. The roads are poor. There's no port to speak of. The electricity is notoriously unreliable. It's politically unstable.

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Business
5:08 am
Wed May 8, 2013

Why Ben Franklin Is The World's Banker

Originally published on Thu May 9, 2013 10:43 am

Transcript

STEVE INSKEEP, HOST:

Now it's a rare thing for Americans to get a glimpse of Ben Franklin's face on a hundred dollar bill. Even if they have a hundred bucks most people do not carry a hundred dollar bill in their wallets. Many stores don't even accept bills that large because they fear counterfeits. So here's a surprise contained in a recent report from the Federal Reserve: Three-quarters of all American currency in circulation is in the form of hundreds.

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Business
3:41 am
Thu May 2, 2013

Stocks Rise Despite Lackluster Corporate Earnings Reports

Originally published on Thu May 2, 2013 9:09 am

Transcript

DAVID GREENE, HOST:

OK. From understanding language, let's try to understand one development in the economy. Corporate revenues have been lackluster. But despite that, stock prices keep going up. This might have something to do with what the Federal Reserve has been up to. Hoping to get money into the economy and stimulate growth, the Fed has been aggressively buying bonds. And Fed officials said, after their two-day meeting ended yesterday, that they could even accelerate the bond purchases if necessary.

Here's NPR's Jim Zarroli.

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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.