Chris Arnold

NPR correspondent Chris Arnold is based in Boston. His reports are heard regularly on NPR's award-winning newsmagazines Morning Edition, All Things Considered and Weekend Edition. He joined NPR in 1996, and was based in San Francisco before moving to Boston in 2001.

In recent years, Arnold has spent much of his time reporting on the financial crisis, its aftermath, and the U.S. economy's ongoing recovery. He has focused on the housing bubble and its collapse. And he's reported on problems within the nation's largest banks that have led to the banks improperly foreclosing on thousands of American homeowners. For this work, Arnold earned a 2011 Edward R. Murrow Award for the special series, The Foreclosure Nightmare. He's also been honored with the Newspaper Guild's 2009 Heywood Broun Award for broadcast journalism. He was chosen by the Scripps Howard Foundation as a finalist for their National Journalism Award, and he won an Excellence in Financial Journalism Award from N.Y. State's society for CPA's.

Arnold is also reporting on the now government-owned mortgage giants Fannie Mae and Freddie Mac. In a series of stories in partnership with ProPublica, Arnold exposed investments at Freddie Mac that raised serious concerns about a conflict of interest between Fannie and Freddie's massive investment portfolios, and their mission to make home ownership more affordable. The stories generated widespread attention, and led to calls for an investigation by members of Congress.

Arnold was recently honored with a Nieman Journalism Fellowship at Harvard University during the 2012-2013 academic year. He joined a small group of other journalists from the U.S. and abroad and studied, among other things, economics and the future of home ownership in America.

Prior to that, Arnold covered a range of other subjects for NPR – from Katrina recovery in New Orleans and the Gulf Coast, to immigrant workers in the fishing industry, to a new kind of table saw that won't cut your fingers off. He traveled to Turin, Italy, for NPR's coverage of the 2006 Winter Olympics. He has also followed the dramatic rise in the numbers of teenagers abusing the powerful and highly addictive painkiller Oxycontin – more than 1 out of 20 high school seniors report using the drug.

In the days and months following the Sept. 11, 2001, attacks, Arnold reported from New York and contributed to the NPR coverage that won the Overseas Press Club and the George Foster Peabody Awards. He chronicled the recovery effort at Ground Zero, focusing on members of the Port Authority Police department, as they struggled with the deaths of 37 officers - the greatest loss of any police department in U.S. history.

Prior to his move to Boston, Arnold traveled the country for NPR doing feature stories on entrepreneurship. His pieces covered technologists, farmers, and family business owners. He also reported on efforts to kindle entrepreneurship in economically disadvantaged areas ranging from inner-city Los Angeles to the Pine Ridge Indian reservation in South Dakota.

Arnold has worked in public radio since 1993. Before joining NPR, he was a freelance reporter working out of San Francisco's NPR Member Station, KQED.

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Economy
3:09 pm
Thu July 3, 2014

In June Jobs Numbers, Signs For Optimism

Originally published on Thu July 3, 2014 5:26 pm

Transcript

ROBERT SIEGEL, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.

MELISSA BLOCK, HOST:

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Business
4:04 am
Wed July 2, 2014

T-Mobile Accused Of Billing Customers With Bogus Fees

Originally published on Wed July 2, 2014 1:04 pm

The Federal Trade Commission says the illegal charges were for premium services customers didn't order. T-Mobile says the suit is unfounded, and that it stopped billing for the services last year.

Economy
11:31 am
Sun June 29, 2014

Housing Market Fake-Outs Stump Economists

Homebuilding remains slumped at levels not seen since WWII.
Mike Groll AP

Originally published on Sun June 29, 2014 2:13 pm

Many homebuyers have been throwing down cold hard cash for their entire house purchase in recent years. Some are baby-boomers who sold a bigger house and are downsizing. Some are investors. Others are from outside the U.S.

"Top of the list in terms of cash sales in the first quarter was Florida, with 64 percent of all sales going to cash buyers, followed by New York, 59 percent; Alabama, 56 percent," says Daren Blomquist, vice president of RealtyTrac, which did a study on cash purchases.

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Economy
3:22 pm
Wed June 18, 2014

Sluggish Housing Market A Product Of Millions Of 'Missing Households'

NPR Census Bureau

Originally published on Wed June 18, 2014 6:08 pm

A year ago, the housing market looked like it was finally recovering. Sales and prices were picking up. But then home sales fizzled. Currently, they are down about 7 percent from last spring.

A big part of why housing remains so stunted is that there are more than 2 million "missing households" in the U.S. That's how economists describe the fact that fewer people are striking out on their own to find places to live.

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Business
4:08 am
Fri June 6, 2014

SEC To Focus Oversight On High-Speed Trading

Originally published on Fri June 6, 2014 10:09 am

Transcript

DAVID GREENE, HOST:

NPR's Business News starts with a modest crackdown on high-speed trading. The Securities and Exchange Commission is taking new steps to regulate high-speed trading on Wall Street though it's not as if the head of the SEC is that worried as NPR's Chris Arnold reports.

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Business
6:57 am
Tue June 3, 2014

GOP Demonizes Once Favored Cap-And-Trade Policy

The Homer City Generating Station in Homer City, Pa. Republicans say the Environmental Protection Agency will kill jobs and raise electricity prices with new carbon emissions limits.
Keith Srakocic AP

Originally published on Wed June 4, 2014 5:04 pm

Republicans say the Environmental Protection Agency will kill jobs and raise electricity prices with new carbon emissions limits. But their tactics in fighting the proposed rules are targeting a policy that their own party championed during GOP presidencies.

Republicans are touting a letter signed by 41 GOP senators asking President Obama to withdraw what they call his "cap-and-trade rule."

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Economy
4:12 am
Tue May 20, 2014

Foreclosure Overhaul Comes Too Slowly For Many Homeowners

Originally published on Tue May 20, 2014 10:43 am

The biggest U.S. banks are still foreclosing on homeowners who qualify for new loans, according to a coalition of non-profits. That's despite settlements aimed at preventing unnecessary foreclosures.

Economy
4:29 pm
Thu May 15, 2014

Missing In The Housing Recovery: New Houses

De Desharnais of Ashwood Development in New Hampshire says homebuilding activity for her company has slowed sharply since the housing crash. But she's hopeful that business will pick up.
Chris Arnold NPR

Originally published on Thu May 15, 2014 7:18 pm

More than five years after the crash, homebuilding is stuck at half its normal level. That's a big drag on the economy. And things aren't looking much better: A report out Thursday shows homebuilder confidence is at its lowest level in a year.

This severe slump in single-family home construction has been going on across the country. We haven't seen anything close to this kind of a long-term construction slump since World War II.

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Business
3:05 pm
Tue May 13, 2014

Housing Regulator Has Big Plans In Store For Two Mortgage Titans

Originally published on Tue May 13, 2014 6:26 pm

A top federal regulator for the U.S. housing market signaled some big changes for government-run mortgage giants Fannie Mae and Freddie Mac. The changes likely mean lending will be expanded.

All Tech Considered
2:41 am
Fri May 2, 2014

Amid The Device Hype, This Startup Is Taking Wearables To Heart

Steve Jungmann, vice president at the tech startup Quanttus, holds up an early prototype of the biometric sensors the company will use on its wearable products. The current version is much smaller.
Chris Arnold NPR

Originally published on Tue May 6, 2014 10:38 am

There's been a lot of talk about wearable devices being the next big thing in the technology world. It's easy for the hype to get ahead of the products, but there's actually some serious innovation going on.

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