Jim Zarroli http://wkms.org en How High Debt From The Housing Collapse Still Stifles Our Economy http://wkms.org/post/how-high-debt-housing-collapse-still-stifles-our-economy "Foreclosure, foreclosure, foreclosure."<p>Real estate broker John Susani drives down a Paterson, N.J., street where every third house seems to be abandoned or boarded up. During the boom years, money flooded into Paterson.<p>"The banking industry allowed everyone to be a homeowner; they gave mortgages to people [just because they were] breathing," Susani says.<p>In some cases, he says, home prices jumped as much as 50 percent. The homes on these streets aren't worth nearly that much anymore.<p>Seven years after the subprime mortgage crisis, U.S. Thu, 24 Jul 2014 12:56:34 +0000 Jim Zarroli 42340 at http://wkms.org How High Debt From The Housing Collapse Still Stifles Our Economy Citigroup Settles Subprime Mortgage Case For $7 Billion http://wkms.org/post/citigroup-settles-subprime-mortgage-case-7-billion Transcript <p>STEVE INSKEEP, HOST: <p>Citigroup has agreed to settle allegations that it defrauded investors in the years leading up to the financial crisis. The settlement requires Citigroup to pay $7 billion. Two and a half billion will go toward mortgage relief for homeowners. Now, this settlement involves mortgage-backed securities the bank packaged and sold to investors, and it was announced this morning by U.S. Attorney General Eric Holder. We're going to talk this through with NPR's Jim Zarroli who's on the line. Mon, 14 Jul 2014 16:34:00 +0000 Jim Zarroli 42063 at http://wkms.org Report Shows 288,000 New Jobs In June http://wkms.org/post/report-shows-288000-new-jobs-june Transcript <p>RENEE MONTAGNE, HOST: <p>This is MORNING EDITION from NPR News. I'm Renee Montagne.<p>DAVID GREENE, HOST: <p>And I'm David Greene. Good morning. We begin this hour with more positive signs about the nation's economy. The Labor Department this morning said the U.S. unemployment rate fell to its lowest level in nearly six years last month, and employers added some 288,000 jobs to their payrolls. Here's NPR's Jim Zarroli.<p>JIM ZARROLI, BYLINE: The job growth was spread across the economy in business services, retail trade, manufacturing and even government hiring. Thu, 03 Jul 2014 15:14:00 +0000 Jim Zarroli 41791 at http://wkms.org BNP Paribas Agrees To Nearly $9 Billion Fine And Admission Of Guilt http://wkms.org/post/bnp-paribas-agrees-9-billion-fine-and-admission-guilt Transcript <p>MELISSA BLOCK, HOST: <p>Banking giant BNP Paribas has agreed to pay American regulators nearly $9 billion dollars to settle charges of economic sanctions violations. It's the largest such fine ever imposed by the U.S. The bank will plead guilty to two criminal charges. It was accused of helping clients in Sudan, Cuba and Iran conduct business in the United States. NPR's Jim Zarroli reports.<p>JIM ZARROLI, BYLINE: The charges were brought after a lengthy investigation that involved the Justice Department, the Federal Reserve and banking regulators in New York state. Mon, 30 Jun 2014 22:20:00 +0000 Jim Zarroli 41711 at http://wkms.org U.S.-Foreign Mergers Raise Calls For Tax Reforms http://wkms.org/post/us-foreign-mergers-raise-calls-tax-reforms This week the big medical device company Medtronic said it was moving its legal headquarters from Minneapolis to Ireland. It's part of a $43 billion merger with another medical company, Dublin-based Covidien.<p>The move is a tax-saving strategy called an inversion and it's growing more common in the corporate world.<p>U.S. Fri, 20 Jun 2014 20:57:00 +0000 Jim Zarroli 41460 at http://wkms.org U.S.-Foreign Mergers Raise Calls For Tax Reforms Lightning-Fast Trades Go Beneath The Congressional Microscope http://wkms.org/post/lightning-fast-trades-go-beneath-congressional-microscope The Senate Permanent Subcommittee on Investigations is holding a hearing on problems in the financial markets caused by high-frequency trading firms. Tue, 17 Jun 2014 20:06:00 +0000 Jim Zarroli 41367 at http://wkms.org Once A GOP Pillar, Chamber Of Commerce Is Now A Lightning Rod http://wkms.org/post/once-gop-pillar-chamber-commerce-now-lightning-rod The Chamber of Commerce says it tried to help Eric Cantor in his primary campaign, but Cantor refused the offer. Thu, 12 Jun 2014 23:44:00 +0000 Jim Zarroli 41263 at http://wkms.org Political Rhetoric Bogs Down Future Of Keystone XL Pipeline http://wkms.org/post/political-rhetoric-bogs-down-future-keystone-xl-pipeline Transcript <p>RENEE MONTAGNE, HOST: <p>It's MORNING EDITION from NPR News. I'm Renee Montagne.<p>STEVE INSKEEP, HOST: <p>And I'm Steve Inskeep. Good morning. Last month the Obama administration put off a decision on whether to approve the Keystone XL pipeline. The project has been enormously controversial. It would carry crude oil from Canada to the Gulf of Mexico. This morning we examine what's at stake for the oil industry and for energy production. Fri, 23 May 2014 11:07:00 +0000 Jim Zarroli 40785 at http://wkms.org Crowdfunding Can Help Build Business, But At What Cost? http://wkms.org/post/crowdfunding-can-help-build-business-what-cost Entrepreneur Andy Krafsur raised money for Spira Footwear by reaching out to friends and family. But that was a dozen years ago. After the economy tanked, the common tactic became a lot more difficult.<p>"The pool of people that you can go to has shrunken significantly," Krafsur says, "and everybody goes to those same people."<p>Then Krafsur found a crowdfunding website that helped his cash flow enormously. Fri, 09 May 2014 09:36:00 +0000 Jim Zarroli 40440 at http://wkms.org Crowdfunding Can Help Build Business, But At What Cost? Buffett Defends Coke Position At Berkshire Hathaway Meeting http://wkms.org/post/buffett-defends-coke-position-berkshire-hathaway-meeting Warren Buffett is under fire for not opposing Coca-Cola's executive compensation plan more aggressively. Buffett spoke about his decision at a shareholder meeting for his company Berkshire Hathaway. Mon, 05 May 2014 09:00:00 +0000 Jim Zarroli 40329 at http://wkms.org