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.

Federal Reserve policymakers said Wednesday that the U.S. economy is chugging along at a decent pace with an improving job market.

Still, they fear risks from "global economic and financial developments."

So given that balance of good news and growing risks, the Federal Open Market Committee decided to take no action on the target range for the federal funds rate at the close of its two-day meeting.

Over the past month, millions of YouTube viewers have watched what happens when a U.S. manufacturer announces a move to Mexico.

Click on the unsteady cellphone video, shot at a factory that makes air conditioning, heating and related equipment in Indianapolis, and you will see workers listening to a man in a suit.

He's telling them that their paychecks are headed to Mexico.

"I want to be clear, this is strictly a business decision," the man says.

If you don't hang out with lawmakers, economists and journalists in Washington, you probably think Democrats and Republicans disagree on economic policy.

They don't.

In Washington, there's actually a broad consensus about economic growth. These ideas have held sway for decades:

  • Globalization is inevitable
  • Technology boosts productivity
  • Immigration brings in fresh talent
  • Trade deals spur growth

As winter starts to wind down, you may be stepping up your plans for a spring-break trip.

But have you checked airfares lately?

If you haven't looked since Christmas, you may be in for a surprise: Many fares are up. In fact, the largest U.S. carriers have nudged rates higher three times in recent weeks.

Farecompare.com, a fare tracking website, says airlines are charging $22 more for round-trip flights this year. Most of the hikes are hitting smaller cities and less competitive markets.

These things we know for sure:

  • The sun rises in the East.
  • The Earth is round.
  • Wal-Mart sales increase every year.

Oops. We'll need to scratch that last one.

On Wednesday, Wal-Mart Stores Inc. reported that that for the fiscal year ended in January, annual revenues totaled $482.1 billion — down 0.7 percent from the previous year's $485.7 billion.

Millions of Americans have been freezing in record-low temperatures this month.

Now many are mapping out road trips, preparing to head south soon for Easter and spring breaks. And with gas prices averaging just about $1.70 a gallon nationwide, they are looking forward to affordable travel.

But on the other side of the world, oil producers are trying to engineer a different kind of freeze — one that could heat up gas prices again.

"Full employment" is a phrase economists use to explain how the job market recovers from a recession. We'll be hearing this phrase a lot as the Labor Department releases the latest jobs data on Friday. It's expected to show that employers added even more workers in January.

But the phrase doesn't tell the full story for millions of Americans either still out of work or who are looking for something better than part-time work.

What is full employment and what does it mean?

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.

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