Jim Zarroli http://publicradiodelmarva.net en After Bangladesh Factory Disaster, Efforts Show Mixed Progress http://publicradiodelmarva.net/post/after-bangladesh-factory-disaster-efforts-show-mixed-progress One year ago Thursday, an eight-story factory building in the Bangladesh capital of Dhaka collapsed, killing more than 1,100 workers. The disaster at Rana Plaza brought new attention to safety conditions in the country's booming garment industry.<p>In the year since then, some of the world's biggest retailers have begun inspecting Bangladesh's factories more aggressively. But in other ways efforts to reform the industry have fallen short.<p>When sewing machine operator Aklima Khanam arrived at Rana Plaza on April 24, 2013, some of her coworkers were milling around outside. Thu, 24 Apr 2014 07:37:00 +0000 Jim Zarroli 53086 at http://publicradiodelmarva.net After Bangladesh Factory Disaster, Efforts Show Mixed Progress Blockbuster Trades Are Changing The Face Of Pharmaceuticals http://publicradiodelmarva.net/post/blockbuster-trades-are-changing-face-pharmaceuticals Transcript <p>MELISSA BLOCK, HOST: <p>The pharmaceutical industry is undergoing some sweeping changes so the past few days, some major deals have been announced. The first involving a trio of big named companies: GlaxoSmithKline, Novartis and Ely Lily. The second is a proposed deal between Quebec-based Valeant Pharmaceuticals and California's Allergan, the maker of Botox. That deal is valued at $45 billion. NPR's Jim Zarroli reports.<p>JIM ZARROLI, BYLINE: In the drug business, Valeant is known for spending little money on researching new drugs. Wed, 23 Apr 2014 20:01:00 +0000 Jim Zarroli 53065 at http://publicradiodelmarva.net IPO Market Shows Signs Of Strain http://publicradiodelmarva.net/post/ipo-market-shows-signs-strain Transcript <p>DAVID GREENE, HOST: <p>All right, Virtu Financial has reportedly decided to postpone its initial public offering. The decision comes during a week when several IPOs in U.S. markets had disappointing debuts. Virtu conducts high-frequency electronic trading on various exchanges and scrutiny of high-speed trading is growing.<p>NPR's Jim Zarroli reports.<p>JIM ZARROLI, BYLINE: New York-based Virtu Financial is one of the most profitable high-frequency trading firms around and one of the biggest. It was supposed to go public this month and was hoping to raise as much as $250 million. Fri, 18 Apr 2014 10:23:00 +0000 Jim Zarroli 52754 at http://publicradiodelmarva.net Sending Money On An Overseas Round Trip To Avoid Taxes http://publicradiodelmarva.net/post/sending-money-overseas-round-trip-avoid-taxes Some investors avoid paying taxes in a move called round-tripping — sending money offshore, then investing it in U.S. stocks or bonds. A study estimates it costs the U.S. billions in lost revenues.<p>Recently, MIT professor Michelle Hanlon and two colleagues set out to find out all they could about round-tripping.<p>"I think it's a big problem in the U.S. tax system that individuals can evade taxes and that they try to do so offshore," Hanlon says. Tue, 15 Apr 2014 21:14:00 +0000 Jim Zarroli 52614 at http://publicradiodelmarva.net Sending Money On An Overseas Round Trip To Avoid Taxes With Proposed Mega-Merger On The Hill, Spotlight's On Consumers http://publicradiodelmarva.net/post/proposed-mega-merger-hill-spotlights-consumers Comcast and Time Warner executives ran into stiff opposition as they pitched their proposed merger to the Senate Judiciary Committee. The deal would give the combined company a large share of both pay TV and broadband internet service markets. In both cases, lawmakers wanted to know how consumers would be affected. Wed, 09 Apr 2014 20:08:00 +0000 Jim Zarroli 52288 at http://publicradiodelmarva.net New Rules Force Big Banks To Keep A Bigger Cushion http://publicradiodelmarva.net/post/new-rules-force-big-banks-keep-bigger-cushion Transcript <p>MELISSA BLOCK, HOST: <p>From NPR News, this is ALL THINGS CONSIDERED. I'm Melissa Block.<p>AUDIE CORNISH, HOST: <p>And I'm Audie Cornish.<p>Five and a half years after the financial crisis that devastated the global economy, U.S. officials are taking steps to strengthen the nation's banking system. Today, the Federal Reserve and the Federal Deposit Insurance Corporation approved tough new rules that require banks to hold a lot more capital on their books. Tue, 08 Apr 2014 20:01:00 +0000 Jim Zarroli 52209 at http://publicradiodelmarva.net How A Regulation Helped Ease Way For Stock Market's 'Flash Boys' http://publicradiodelmarva.net/post/how-regulation-helped-ease-way-stock-markets-flash-boys Transcript <p>MELISSA BLOCK, HOST: <p>This is ALL THINGS CONSIDERED from NPR News. I'm Melissa Block.<p>AUDIE CORNISH, HOST: <p>And I'm Audie Cornish. In recent years, high speed computers have drastically altered the way the stock market operates. What's called high frequency trading has been getting renewed attention thanks to "Flash Boys," the latest book from Michael Lewis. In that book, he argues the changes have created a lot of new problems.<p>We're going to take a look now at why. The surge in high frequency trading has its roots in regulation passed in 2005. Mon, 07 Apr 2014 20:23:00 +0000 Jim Zarroli 52138 at http://publicradiodelmarva.net Traders Defend High-Speed Systems Against Charges Of Rigging http://publicradiodelmarva.net/post/traders-defend-high-speed-systems-against-charges-rigging The FBI and the Securities and Exchange Commission revealed this week that they're both investigating the world of high-frequency stock trading. They did so at a time when a new book on the subject, <em>Flash Boys</em> by Michael Lewis, is causing an uproar on Wall Street.<p>To read Lewis' book is to be reminded of how drastically the stock market has changed in a decade — and how opaque it remains. Lewis says this opacity serves to cover up some disturbing developments.<p>"The stock market is rigged. Wed, 02 Apr 2014 22:24:00 +0000 Jim Zarroli 51908 at http://publicradiodelmarva.net Traders Defend High-Speed Systems Against Charges Of Rigging American-Made, Haven-Kept? Congress Looks At Caterpillar's Tax Returns http://publicradiodelmarva.net/post/american-made-haven-kept-congress-looks-caterpillars-tax-returns Caterpillar executives are on Capitol Hill answering questions about the company's tax returns. Caterpillar is accused of shifting money abroad to avoid billions in taxes. Company officials say Caterpillar has followed the law. <div class="fullattribution">Copyright 2014 NPR. Tue, 01 Apr 2014 20:30:00 +0000 Jim Zarroli 51831 at http://publicradiodelmarva.net Russia's Energy Market Heft Leaves Neighbors Unsettled http://publicradiodelmarva.net/post/russias-energy-market-heft-leaves-neighbors-unsettled Transcript <p>AUDIE CORNISH, HOST: <p>The crisis in Ukraine is raising new questions about Russia's role in the energy markets. Moscow has long used exports of oil and natural gas to win political concessions from countries on its borders. Europe gets a quarter of its natural gas from Russia.<p>As NPR's Jim Zarroli reports, that's making a lot of people there nervous.<p>JIM ZARROLI, BYLINE: Russia's oil and gas supplies are a huge part of what keeps its economy going. Fri, 28 Mar 2014 21:10:00 +0000 Jim Zarroli 51631 at http://publicradiodelmarva.net Madoff Aides Found Guilty For Role In Massive Ponzi Scheme http://publicradiodelmarva.net/post/madoff-aides-found-guilty-role-massive-ponzi-scheme Five of Bernie Madoff's former employees were found guilty of helping him fleece investors of $17 billion. They were convicted on charges of securities fraud, conspiracy and tax evasion. Mon, 24 Mar 2014 20:24:00 +0000 Jim Zarroli 51349 at http://publicradiodelmarva.net Western Sanctions On Russia Are 'A Shot Across The Bow' http://publicradiodelmarva.net/post/western-sanctions-russia-are-shot-across-bow Russian officials were quick to mock the limited economic sanctions on Moscow announced by the U.S. and Europe this week. In response to Russia's annexation of Crimea, Western leaders have frozen the assets of a handful of government officials and also barred them from getting visas to travel to the West.<p>"So what if I can't get a visa to the United States?" one Russian official said. Wed, 19 Mar 2014 19:49:00 +0000 Jim Zarroli 51088 at http://publicradiodelmarva.net Western Sanctions On Russia Are 'A Shot Across The Bow' Chinese Tech Giant Alibaba Plans To Launch IPO In U.S. http://publicradiodelmarva.net/post/chinese-tech-giant-alibaba-plans-launch-ipo-us Transcript <p>RENEE MONTAGNE, HOST: <p>And the Chinese Internet giant Alibaba says it plans to launch an initial public offering in the United States. Alibaba is known as the Chinese Google. and the IPO could be one of the biggest offerings in the history of the technology sector.<p>As NPR's Jim Zarroli reports, buying shares in the company brings some risk.<p>JIM ZARROLI, BYLINE: Alibaba had been weighing whether to launch its IPO in Hong Kong or the United States. This weekend, it announced it had decided on the U.S. It didn't provide anymore details about when the IPO will take place. Mon, 17 Mar 2014 10:28:00 +0000 Jim Zarroli 50934 at http://publicradiodelmarva.net Employers React To New Overtime Expansion http://publicradiodelmarva.net/post/employers-react-new-overtime-expansion President Obama is directing his Labor Secretary to tighten U.S. overtime laws. Under the changes, millions of workers will become eligible. Business groups are now reacting to the news. Thu, 13 Mar 2014 20:47:00 +0000 Jim Zarroli 50771 at http://publicradiodelmarva.net FTC Investigates Herbalife, Following Claims It's A Pyramid Scheme http://publicradiodelmarva.net/post/ftc-investigates-herbalife-following-claims-its-pyramid-scheme Herbalife shares dropped on news the Federal Trade Commission is investigating the company. After shorting Herbalife's stock, hedge fund manager Bill Ackman's been lobbying politicians to investigate. Wed, 12 Mar 2014 20:12:00 +0000 Jim Zarroli 50703 at http://publicradiodelmarva.net Ukraine's Economy Was In Trouble Before Its Crisis With Russia http://publicradiodelmarva.net/post/ukraines-economy-was-trouble-its-crisis-russia Transcript <p>DAVID GREENE, HOST: <p>On a Friday, this is MORNING EDITION, from NPR News. I'm David Greene.<p>LINDA WERTHEIMER, HOST: <p>And I'm Linda Wertheimer.<p>President Obama and Russian President Putin have had another long telephone conversation about how to end the crisis in Ukraine. The White House says President Obama stressed that a diplomatic solution is possible, but Russian soldiers have to leave their current positions in Crimea and return to their base in the region.<p>GREENE: The Kremlin released a statement saying that Russia is answering calls for help from Crimea. Fri, 07 Mar 2014 09:56:00 +0000 Jim Zarroli 50392 at http://publicradiodelmarva.net Deep Ties Between Russia And The West Make Sanctions Risky http://publicradiodelmarva.net/post/deep-ties-between-russia-and-west-make-sanctions-risky Transcript <p>AUDIE CORNISH, HOST: <p>From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.<p>MELISSA BLOCK, HOST: <p>And I'm Melissa Block.<p>The United States is pledging a billion dollars in loan guarantees to Ukraine. It's part of a multinational effort to help stabilize the country's new government. Ukraine was facing deep economic troubles even before the current standoff with Russia. And we're going to spend a few minutes now unpacking the financial aspects of this story. We'll start the question of economic sanctions against Russia. Tue, 04 Mar 2014 21:18:00 +0000 Jim Zarroli 50236 at http://publicradiodelmarva.net Swiss Bank Finds Itself Under American Scrutiny http://publicradiodelmarva.net/post/swiss-bank-finds-itself-under-american-scrutiny Transcript <p>MELISSA BLOCK, HOST: <p>Top executives at one of Switzerland's biggest banks said today they're sincerely trying to prevent tax evasion by U.S. citizens. They also said conflicting laws in the two countries make it almost impossible to do that. Wed, 26 Feb 2014 21:20:00 +0000 Jim Zarroli 49969 at http://publicradiodelmarva.net Netflix Pays Comcast To Ensure Its Videos Stream Smoothly http://publicradiodelmarva.net/post/netflix-pays-comcast-ensure-its-videos-stream-smoothly Transcript <p>ROBERT SIEGEL, HOST: <p>Netflix is hoping that a deal it has struck with Comcast will mollify some of its unhappy customers. The company announced yesterday that it will pay to connect Comcast's broadband network more directly. That means Netflix customers should get faster, smoother access to programs like "House of Cards." The deal could serve as a model to help the company resolve disputes with other big Internet service providers.<p>NPR's Jim Zarroli reports.<p>JIM ZARROLI, BYLINE: With its popular video streaming service, Netflix has been growing at a dizzying speed. Mon, 24 Feb 2014 21:00:00 +0000 Jim Zarroli 49833 at http://publicradiodelmarva.net Video Streaming Is Straining, But Who Will Ease The Tension? http://publicradiodelmarva.net/post/video-streaming-straining-who-will-ease-tension Suzie Felber's kids are only just learning what a commercial is.<p>"They start screaming when they come on," she says. "They think the TV's broken."<p>The Felbers usually stream television shows over the Internet in their New Jersey home.<p>More and more people are following suit, using services such as Netflix and Amazon Prime. Thu, 20 Feb 2014 23:46:00 +0000 Jim Zarroli 49639 at http://publicradiodelmarva.net Video Streaming Is Straining, But Who Will Ease The Tension? Senate Steps Into The Data Breach Controversy http://publicradiodelmarva.net/post/senate-steps-data-breach-controversy Transcript <p>AUDIE CORNISH, HOST: <p>A top executive at the retail chain Target went to Capitol Hill today to try to explain the massive security breach that hit the company in December. Hackers stole personal information of tens of millions of Target customers during the holiday shopping season. The incident has underscored the increasing sophistication of cyber criminals and the vulnerability of big retailers. Tue, 04 Feb 2014 23:12:00 +0000 Jim Zarroli 48768 at http://publicradiodelmarva.net The Dow Drops Again, But What's Driving The Sell-Off? http://publicradiodelmarva.net/post/dow-drops-again-whats-driving-sell Transcript <p>MELISSA BLOCK, HOST: <p>This is ALL THINGS CONSIDERED from NPR News. I'm Melissa Block.<p>AUDIE CORNISH, HOST: <p>And I'm Audie Cornish.<p>The stock market had one of its worst days in months today after some disappointing news about manufacturing. The Dow Jones Industrial Average fell more than 300 points, about two percent. Mon, 03 Feb 2014 21:52:00 +0000 Jim Zarroli 48698 at http://publicradiodelmarva.net Days Of Turmoil Test Stability Of Emerging Markets http://publicradiodelmarva.net/post/days-turmoil-test-stability-emerging-markets Transcript <p>ROBERT SIEGEL, HOST: <p>After losing a lot of ground, stock prices were back up a bit today. Investor anxiety about the state of the world's currency markets seemed to ease. The current turmoil is reminiscent of the 1997 currency crisis in Asia, which hurt economies all over the world.<p>As NPR's Jim Zarroli reports, there are also some big differences.<p>JIM ZARROLI, BYLINE: This crisis got underway when Argentina decided to devalue its peso earlier this month. But soon, doubts were being raised about just how safe it was to invest in emerging markets in general.<p>DR. Tue, 28 Jan 2014 22:30:00 +0000 Jim Zarroli 48373 at http://publicradiodelmarva.net Federal Reserve Officials To Evaluate Stimulus Easing http://publicradiodelmarva.net/post/federal-reserve-officials-evaluate-stimulus-easing Federal Reserve officials are meeting this week to decide whether to continue easing up on economic stimulus measures. The pullback by the Fed so far is being felt around the world, especially in some emerging markets. Mon, 27 Jan 2014 09:55:00 +0000 Jim Zarroli 48276 at http://publicradiodelmarva.net Study: Upward Mobility No Tougher In U.S. Than Two Decades Ago http://publicradiodelmarva.net/post/study-upward-mobility-no-tougher-us-two-decades-ago A new study finds that contrary to widespread belief, it's no harder to climb the economic ladder in the United States today than it was 20 years ago.<p>But the study did find that moving up that ladder is still a lot more difficult in the U.S. than in other developed countries.<p>Economists have been looking into the issue of U.S. economic mobility for a long time. But they've often been hampered by the lack of adequate data, says Gary Solon, an economics professor at Michigan State University. Thu, 23 Jan 2014 23:44:00 +0000 Jim Zarroli 48125 at http://publicradiodelmarva.net Study: Upward Mobility No Tougher In U.S. Than Two Decades Ago Banks Challenged By Economy Despite Positive Earnings http://publicradiodelmarva.net/post/banks-challenged-economy-despite-positive-earnings Transcript <p>STEVE INSKEEP, HOST: <p>Over the past week or so, most of the country's banks have reported their profits for the last quarter of 2013. The numbers, mostly, have better than most analysts expected. After a rough few years, most big financial institutions are faring pretty well. But there's some debate about how sustainable the numbers really are.<p>NPR's Jim Zarroli reports.<p>JIM ZARROLI, BYLINE: The American banking sector may have survived the subprime mortgage crisis and the long slow recovery that followed it. Wed, 22 Jan 2014 10:23:00 +0000 Jim Zarroli 48025 at http://publicradiodelmarva.net The Young And Restless May Cause Drama For ACA http://publicradiodelmarva.net/post/young-and-restless-may-cause-drama-aca Transcript <p>MELISSA BLOCK, HOST: <p>After a slow start, the Affordable Care Act is now attracting customers at a healthier pace. The government said yesterday that 2.2 million people have signed up for health insurance under the state and federal exchanges. But there's a serious red flag. A disproportionate number of new enrollees are middle aged or older.<p>Here's NPR's Jim Zarroli on what that means for the program and for insurers.<p>JIM ZARROLI, BYLINE: About 40 percent of the people who lack health insurance in the United States are between 18 and 35. Tue, 14 Jan 2014 21:48:00 +0000 Jim Zarroli 47699 at http://publicradiodelmarva.net JPMorgan Chase Settles Madoff Case For $1.7 Billion http://publicradiodelmarva.net/post/jpmorgan-chase-settles-madoff-case-17-billion JPMorgan Chase & Co. has agreed to pay $1.7 billion to settle criminal charges accusing the bank of ignoring obvious warning signs of Bernard Madoff's massive Ponzi scheme. Tue, 07 Jan 2014 19:19:00 +0000 Jim Zarroli 47311 at http://publicradiodelmarva.net 2013 Was A Tremendous Year...At Least For The Stock Market http://publicradiodelmarva.net/post/2013-was-tremendous-yearat-least-stock-market Transcript <p>ROBERT SIEGEL, HOST: <p>From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.<p>AUDIE CORNISH, HOST: <p>And I'm Audie Cornish.<p>2013 was a so-so time for the U.S. economy, but it was a banner year for the stock market. Investors poured money into stocks, driving up prices to record highs. The Dow Jones Industrial Average finished the year up 26 percent. The S&P 500 did even better. NPR's Jim Zarroli looks at how the market defied expectations.<p>JIM ZARROLI, BYLINE: For much of this year, the U.S. Tue, 31 Dec 2013 21:55:00 +0000 Jim Zarroli 46988 at http://publicradiodelmarva.net Interest Rates Move Higher On Signs Of Improving Economy http://publicradiodelmarva.net/post/interest-rates-move-higher-signs-improving-economy Transcript <p>DON GONYEA, HOST: <p>Other signs of strength in the economy are sending interest rates higher. Yesterday, the yield on the 10-year Treasury note briefly rose above the psychologically important level of 3 percent.<p>NPR's Jim Zarroli has that story.<p>JIM ZARROLI, BYLINE: The 10-year note rose after a report that first time unemployment claims fell unexpectedly last week. It stayed above 3 percent for just a short time, but it was the kind of move that the markets pay a lot of attention to. Fri, 27 Dec 2013 10:29:00 +0000 Jim Zarroli 46801 at http://publicradiodelmarva.net