Marilyn Geewax

Marilyn Geewax is a senior editor, assigning and editing business radio stories. She also serves as the national economics correspondent for the NPR web site, and regularly discusses economic issues on NPR's mid-day show Here & Now.

Her work contributed to NPR's 2011 Edward R. Murrow Award for hard news for "The Foreclosure Nightmare." Geewax also worked on the foreclosure-crisis coverage that was recognized with a 2009 Heywood Broun Award.

Before joining NPR in 2008, Geewax served as the national economics correspondent for Cox Newspapers' Washington Bureau. Before that, she worked at Cox's flagship paper, the Atlanta Journal-Constitution, first as a business reporter and then as a columnist and editorial board member. She got her start as a business reporter for the Akron Beacon Journal.

Over the years, she has filed news stories from China, Japan, South Africa and Europe. Recently, she headed to Europe to participate in the RIAS German/American Journalist Exchange Program.

Geewax was a Nieman Fellow at Harvard, where she studied economics and international relations. She earned a master's degree at Georgetown University, focusing on international economic affairs, and has a bachelor's degree from The Ohio State University.

She is a member of the National Press Club's Board of Governors and serves on the Global Economic Reporting Initiative Committee for the Society of American Business Editors and Writers.

This day is starting out really nasty if you happen to be an oil driller — or a baby boomer who would like to retire with a nest egg.

Through the night and into the morning, the price of oil has been falling. You can now buy a barrel for less than $30. (Remember, it was nearly $115 as recently as June 2014.) The market for oil has been thrown into disarray because of worries about possible declining Chinese demand and surging Iranian supplies.

That means U.S. oil producers will continue to see their profits plunge and industry layoffs worsen.

After a week of gloomy news about China, the U.S. economy came shining through on Friday, offering a surprisingly bright jobs outlook for 2016.

The U.S. economy is on track for "higher productivity, good job gains — and the supply of potential workers expanding fast enough" to allow companies to grow in 2016, IHS Global Insight said in its analysis. "Optimism is a good way to cap off a solid year and start a new one."

Like cheap gasoline?

Then you're in luck. Experts say gas prices very likely will keep falling. That's because a report released Wednesday showed a sharp increase in gasoline inventories.

The U.S. Energy Information Administration said that last week, companies added another 10.6 million barrels of gasoline, creating the biggest surge in supply since 1993. That added to fears that supplies will far outstrip demand for a long time.

Oh, the irony.

Historically, when political tensions increased in the Middle East, the price of oil rose too. Buyers of oil worried that conflicts could interrupt drilling or interfere with oil-tanker access to waterways. In theory, when risks rise, so do prices.

But in recent days, even as tensions have been growing between two key oil producing nations — Iran and Saudi Arabia — oil prices have been falling. They slipped below $36 a barrel on Tuesday.

Why?

Brace yourself: News outlets are about to hit you hard with coverage of the Federal Reserve's decision Wednesday on interest rates.

Millennials, gather 'round. This is a tale you might find hard to believe, but it's true:

A long, long time ago, there was such a thing as an interest rate hike. Really!

Yes, back before mankind had Twitter or iPads or even iPhones, your parents used to worry about interest-rate increases. And they had much to fear: between June 2004 and June 2006, Federal Reserve policymakers raised the federal funds rate 17 consecutive times.

No question, this was a traumatic, sad week because of the mass shooting in San Bernardino, Calif. It's not easy to turn to good news.

But putting grief aside for a moment, there were indeed positive developments for the country in recent days. With cheaper energy, more jobs and higher stock prices, most Americans have been seeing their financial situations improve. Here are some of this week's highlights:

Grocers know this: Cheap turkeys will get customers into the store.

So this Thanksgiving, despite an avian flu that killed 8 million turkeys, shoppers are having no trouble finding bargain birds priced lower than last year.

In fact, store managers have been slicing all sorts of holiday-related food prices this fall.

Some economic matters are stunningly complex. Take the Trans-Pacific Partnership. The trade deal's details cover more than 6,000 pages.

Others are simple, like the federal minimum wage. A bill to raise the $7.25 hourly wage covers a few paragraphs.

The congressional response is simple, too: Democrats are for it; Republicans against.

The nation's central bank is proposing rules to help ensure that if a big bank were to fail, the costs of a bailout would not fall on taxpayers.

The changes would mark "another important step in addressing the 'too big to fail' problem," Federal Reserve Chair Janet Yellen said Friday.

The rules would force some major banks to issue long-term bonds that — in an emergency — could provide a cushion of capital to cover losses, rather than leaving it to taxpayers.

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