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.

In more and more countries, investors are paying the government for the privilege of owning its bonds. It's usually the other way around.

The yield on Germany's 10-year government bond fell into negative territory for the first time ever on Tuesday, as worries build that the United Kingdom could decide to leave the European Union next week.

A lot of famous and important people have felt the sting of Donald Trump's invective in recent months, including former Massachusetts Gov. Mitt Romney, British Prime Minister David Cameron and even the pope.

And then there's Bob Guillo, of Manhasset, N.Y.

The 76-year-old Long Island retiree found himself singled out by Trump in a speech on May 27 because he had criticized Trump University, one of the presumptive Republican presidential nominee's most controversial business ventures.

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Sen. Bernie Sanders says that if he is elected president in November, one of his first acts in office would be to begin breaking up the large financial institutions that pose a grave risk to the economy.

But there's a problem with that idea: It's not clear the president has the legal authority to break up the banks.

"It's not something the president can do. It's not even something the Treasury can do," says Karen Shaw Petrou, managing partner of Federal Financial Analytics.

The leaking of more than 11 million documents from Panamanian law firm Mossack Fonseca earlier this month cast new light on the arcane world of offshore shell companies, long a favorite hiding place for the very rich.

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Japan is venturing further into the terra incognito of negative interest rates, selling a 10-year government bond that actually costs its purchasers money over time.

In doing so, it joins a handful of European countries that have also lowered rates below zero.

The yield on the 10-year note sold by the Bank of Japan dipped to an unprecedented level of negative .05 percent, meaning that anyone who buys it will lose money.

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Tickets to the most popular concerts and other live events are often hard to find because of abusive practices by vendors who illegally use computer programs called bots to grab them up, according to a report released by New York Attorney General Eric Schneiderman.

In some cases, tickets to live events sell out within minutes, only to appear right away at enormous markups on sites such as StubHub, according to the report, which calls for major reform to the ticketing process.

Iranian President Hassan Rouhani is on a goodwill tour through Italy and France this week, trying to drum up investment for his country's sanctions-battered economy.

But Iran still faces challenges that make it hard for companies to do business with Tehran.

In a move that was loudly celebrated in Iran, the United States and other countries earlier this month agreed to lift an economic embargo that had been imposed in 2012 in an effort to curb Iran's nuclear program.

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Markets tumbled today, hard. It's a continuation of a recent rough patch on Wall Street. Already this year, both the Dow and the S&P are down more than 7 percent. NPR's Jim Zarroli joins us now to discuss the sour mood among investors. Hey, Jim

Lego says it is changing its guidelines for the purchase of large amounts of its iconic toy bricks, a policy that had generated a social media firestorm when used to block sales to Chinese artist Ai Weiwei.

The company said in a statement that it will no longer ask people who want to buy the bricks in bulk what they're using them for:

Already reeling from a series of food-borne-illness outbreaks, Chipotle Mexican Grill now faces a federal criminal investigation, as well.

The company says it has received a subpoena from a federal grand jury in connection with a norovirus outbreak last fall at one of its restaurants in Simi Valley, Calif.

In August, 189 customers were sickened after visiting the restaurant, as well as 18 Chipotle employees, according to Doug Beach, manager of the Community Services Program at the Ventura County Environmental Health Department, in an interview with NPR.

Chipotle Mexican Grill is struggling to convince its customers it's a safe place to eat, after several outbreaks of foodborne illnesses have sickened hundreds of its customers. But no one thinks the task is going to be easy.

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An international consortium that wants to build the world's biggest telescope on the Big Island of Hawaii says it's deciding what to do next, after the state's Supreme Court invalidated the project's building permit.

The consortium "will follow the process set forth by the state, as we always have. We are assessing our next steps on the way forward," said Henry Yang, chairman of the Thirty Meter Telescope International Observatory Board of Directors.

Video-game publisher Activision Blizzard Inc. is taking a big step into the mobile world, acquiring King Digital Entertainment, the maker of Candy Crush games, for $5.9 billion.

The deal will create the second biggest game company in the world, after Tencent, says the research firm Newzoo. It will have some 500 million active monthly users around the world.

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The company that makes Legos has landed at the center of a social-media firestorm after Chinese artist Ai Weiwei complained that it refused to supply a bulk order of the toy bricks for his art.

Ai said he wanted to use the bricks for an exhibition on free speech at Australia's National Gallery of Victoria. The museum attempted to place an order but was told by the company that it "cannot approve the use of Legos for political works."

"We've been refused, and the reason is Lego will not support political art, which is very frustrating," Ai said in an interview with NPR.

She liked it so much, she bought the company.

Oprah Winfrey will acquire a 10 percent stake in Weight Watchers International for $43.2 million and take a seat on its executive board, the company announced today. She will also receive options to buy an additional 5 percent stake.

One person was killed and five were injured late Saturday when a shooter fired on a crowd at Zombicon, a Florida charitable festival where people dress up as zombies.

The shooting sent dozens of festival-goers, many of them in costumes, running through the streets of downtown Fort Myers, Fla., in chaos and panic, according to the News-Press.

The shooter is still at large, police said.

Double-amputee sprinter Oscar Pistorius will be released on parole on Tuesday, one year after his conviction for killing his girlfriend by shooting her through a bathroom door, South African officials say.

He will be held temporarily under house arrest, and his parole will continue through 2019.

Taking on Wall Street makes for good politics in the Democratic Party. And several of the candidates at Tuesday night's debate had tough words about big banks. That was particularly true of former Maryland Gov. Martin O'Malley and Vermont Sen. Bernie Sanders.

Although he didn't say so directly, O'Malley suggested several times that consolidation in the banking business was a big factor in the 2008 financial crash and that the U.S. economy remains vulnerable because of it.

The Minnesota dentist who killed Cecil the black-maned lion in Zimbabwe last summer, generating international outrage, won't face charges and can return to the country, government officials said.

Zimbabwe officials announced last summer that they would try to extradite Walter Palmer, the big-game hunter who killed Cecil in a bow-hunt, after allegedly paying $50,000 for the "privilege." But after reviewing the case, they decided Palmer hadn't broken any hunting laws.

After just a week back on the job, Twitter CEO Jack Dorsey is making his presence felt in a big way, announcing plans to cut up to 8 percent of the workforce at the money-losing messaging company.

The cuts, some 336 of them, were approved by Twitter's board on Monday, as part of what the company calls "an overall plan to organize around the company's top product priorities and drive efficiencies."

In corporate speak, that means: "We need to get our act together before too many more investors lose patience with us."

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