KWIT

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.

Never before has someone ascended to the presidency owning the kind of complex network of businesses that Donald Trump operates. Trump has promised to turn his company over to his three grown children to run once he's sworn in. But he has refused to do what other presidents have done to insulate himself from conflicts of interest.

For decades, global trade has been transforming the world's economy, bringing Japanese and Korean cars to North American highways, U.S. software to European computers and German machine tools to Asian factories.

But the days of explosive trade growth may be at an end.

The dollar value of world merchandise (or non-services) exports fell from $19 trillion in 2014 to $16.6 trillion last year, a decline of 13.3 percent, according to the World Bank.

The rallies and debates, the tweets and the fundraisers, the wearying last-minute swings through the same half-dozen or so battleground states — all that is winding down at last.

Today it was time for the two major presidential candidates to perform the Election Day ritual of casting their own votes, just like average Joes, except for the fact that average Joes aren't usually trailed by dozens of reporters and TV cameras.

When news broke Friday that the FBI had discovered emails that might be pertinent to its investigation of Democratic presidential candidate Hillary Clinton, stock prices suddenly took a tumble.

The decline can be explained by an unusual development in this year's long, contentious presidential campaign, says Eric Zitzewitz, a professor of economics at Dartmouth College.

Some of the country's most prominent economists have signed a letter warning that Donald Trump is a "dangerous, destructive" choice for president and urging voters to choose someone else.

The letter, first reported by The Wall Street Journal, was signed by 370 economists, including eight Nobel Prize winners.

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

If presidential candidates Hillary Clinton and Donald Trump were consumer products, they wouldn't exactly be flying off the shelves, according to a firm that studies brand loyalty.

The Reputation Institute, which gauges how consumers view companies, politicians and even countries, gives Republican nominee Trump what it calls an overall "pulse score" of 31.7. Democratic nominee Hillary Clinton rates a bit better, at 38.7.

Any score less than 40 qualifies as having a "poor reputation," the firm says.

Excerpts from speeches Hillary Clinton was paid to give to big banks suggest a relationship with Wall Street that is a lot more familiar and pragmatic than the fiery rhetoric she has sometimes used on the campaign trail.

"I represented all of you for eight years. I had great relations and worked so close together after 9/11 to rebuild downtown, and a lot of respect for the work you do and the people who do it," she told a Goldman Sachs symposium on Oct. 24, 2013.

Wells Fargo's board of directors is trying to determine whether to claw back pay for top executives in response to the scandal involving unauthorized customer accounts, The Wall Street Journal reported.

The Journal, citing a source familiar with the matter, said the bank wants to resolve the issue before CEO John Stumpf testifies before the House Financial Services Committee on Thursday.

A spokesman for the bank refused to confirm or deny the report.

This month federal regulators fined Wells Fargo $185 million for opening checking and credit card accounts on behalf of customers who had no idea that was happening. The bank has promised to try to make restitution.

But that's a lot harder than it sounds. A big question is how to compensate people whose credit scores were hurt by what the bank did.

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