Jim Zarroli http://wuis.org en Sending Money On An Overseas Round Trip To Avoid Taxes http://wuis.org/post/sending-money-overseas-round-trip-avoid-taxes Some investors avoid paying taxes in a move called round-tripping — sending money offshore, then investing it in U.S. stocks or bonds. A study estimates it costs the U.S. billions in lost revenues.<p>Recently, MIT professor Michelle Hanlon and two colleagues set out to find out all they could about round-tripping.<p>"I think it's a big problem in the U.S. tax system that individuals can evade taxes and that they try to do so offshore," Hanlon says. Tue, 15 Apr 2014 21:16:00 +0000 Jim Zarroli 23086 at http://wuis.org Sending Money On An Overseas Round Trip To Avoid Taxes With Proposed Mega-Merger On The Hill, Spotlight's On Consumers http://wuis.org/post/proposed-mega-merger-hill-spotlights-consumers Comcast and Time Warner executives ran into stiff opposition as they pitched their proposed merger to the Senate Judiciary Committee. The deal would give the combined company a large share of both pay TV and broadband internet service markets. In both cases, lawmakers wanted to know how consumers would be affected. Wed, 09 Apr 2014 20:08:00 +0000 Jim Zarroli 22659 at http://wuis.org New Rules Force Big Banks To Keep A Bigger Cushion http://wuis.org/post/new-rules-force-big-banks-keep-bigger-cushion Transcript <p>MELISSA BLOCK, HOST: <p>From NPR News, this is ALL THINGS CONSIDERED. I'm Melissa Block.<p>AUDIE CORNISH, HOST: <p>And I'm Audie Cornish.<p>Five and a half years after the financial crisis that devastated the global economy, U.S. officials are taking steps to strengthen the nation's banking system. Today, the Federal Reserve and the Federal Deposit Insurance Corporation approved tough new rules that require banks to hold a lot more capital on their books. Tue, 08 Apr 2014 20:01:00 +0000 Jim Zarroli 22562 at http://wuis.org Traders Defend High-Speed Systems Against Charges Of Rigging http://wuis.org/post/traders-defend-high-speed-systems-against-charges-rigging The FBI and the Securities and Exchange Commission revealed this week that they're both investigating the world of high-frequency stock trading. They did so at a time when a new book on the subject, <em>Flash Boys</em> by Michael Lewis, is causing an uproar on Wall Street.<p>To read Lewis' book is to be reminded of how drastically the stock market has changed in a decade — and how opaque it remains. Lewis says this opacity serves to cover up some disturbing developments.<p>"The stock market is rigged. Wed, 02 Apr 2014 22:24:00 +0000 Jim Zarroli 22188 at http://wuis.org Traders Defend High-Speed Systems Against Charges Of Rigging American-Made, Haven-Kept? Congress Looks At Caterpillar's Tax Returns http://wuis.org/post/american-made-haven-kept-congress-looks-caterpillars-tax-returns Caterpillar executives are on Capitol Hill answering questions about the company's tax returns. Caterpillar is accused of shifting money abroad to avoid billions in taxes. Company officials say Caterpillar has followed the law. <div class="fullattribution">Copyright 2014 NPR. Tue, 01 Apr 2014 20:01:00 +0000 Jim Zarroli 22090 at http://wuis.org Russia's Energy Market Heft Leaves Neighbors Unsettled http://wuis.org/post/russias-energy-market-heft-leaves-neighbors-unsettled Transcript <p>AUDIE CORNISH, HOST: <p>The crisis in Ukraine is raising new questions about Russia's role in the energy markets. Moscow has long used exports of oil and natural gas to win political concessions from countries on its borders. Europe gets a quarter of its natural gas from Russia.<p>As NPR's Jim Zarroli reports, that's making a lot of people there nervous.<p>JIM ZARROLI, BYLINE: Russia's oil and gas supplies are a huge part of what keeps its economy going. Fri, 28 Mar 2014 21:10:00 +0000 Jim Zarroli 21859 at http://wuis.org Madoff Aides Found Guilty For Role In Massive Ponzi Scheme http://wuis.org/post/madoff-aides-found-guilty-role-massive-ponzi-scheme Five of Bernie Madoff's former employees were found guilty of helping him fleece investors of $17 billion. They were convicted on charges of securities fraud, conspiracy and tax evasion. Mon, 24 Mar 2014 20:24:00 +0000 Jim Zarroli 21530 at http://wuis.org FTC Investigates Herbalife, Following Claims It's A Pyramid Scheme http://wuis.org/post/ftc-investigates-herbalife-following-claims-its-pyramid-scheme Herbalife shares dropped on news the Federal Trade Commission is investigating the company. After shorting Herbalife's stock, hedge fund manager Bill Ackman's been lobbying politicians to investigate. Wed, 12 Mar 2014 20:12:00 +0000 Jim Zarroli 20722 at http://wuis.org Swiss Bank Finds Itself Under American Scrutiny http://wuis.org/post/swiss-bank-finds-itself-under-american-scrutiny Transcript <p>MELISSA BLOCK, HOST: <p>Top executives at one of Switzerland's biggest banks said today they're sincerely trying to prevent tax evasion by U.S. citizens. They also said conflicting laws in the two countries make it almost impossible to do that. Wed, 26 Feb 2014 21:20:00 +0000 Jim Zarroli 19771 at http://wuis.org Netflix Pays Comcast To Ensure Its Videos Stream Smoothly http://wuis.org/post/netflix-pays-comcast-ensure-its-videos-stream-smoothly Transcript <p>ROBERT SIEGEL, HOST: <p>Netflix is hoping that a deal it has struck with Comcast will mollify some of its unhappy customers. The company announced yesterday that it will pay to connect Comcast's broadband network more directly. That means Netflix customers should get faster, smoother access to programs like "House of Cards." The deal could serve as a model to help the company resolve disputes with other big Internet service providers.<p>NPR's Jim Zarroli reports.<p>JIM ZARROLI, BYLINE: With its popular video streaming service, Netflix has been growing at a dizzying speed. Mon, 24 Feb 2014 21:08:00 +0000 Jim Zarroli 19613 at http://wuis.org Video Streaming Is Straining, But Who Will Ease The Tension? http://wuis.org/post/video-streaming-straining-who-will-ease-tension Suzie Felber's kids are only just learning what a commercial is.<p>"They start screaming when they come on," she says. "They think the TV's broken."<p>The Felbers usually stream television shows over the Internet in their New Jersey home.<p>More and more people are following suit, using services such as Netflix and Amazon Prime. Thu, 20 Feb 2014 23:46:00 +0000 Jim Zarroli 19399 at http://wuis.org Video Streaming Is Straining, But Who Will Ease The Tension? Senate Steps Into The Data Breach Controversy http://wuis.org/post/senate-steps-data-breach-controversy Transcript <p>AUDIE CORNISH, HOST: <p>A top executive at the retail chain Target went to Capitol Hill today to try to explain the massive security breach that hit the company in December. Hackers stole personal information of tens of millions of Target customers during the holiday shopping season. The incident has underscored the increasing sophistication of cyber criminals and the vulnerability of big retailers. Tue, 04 Feb 2014 23:12:00 +0000 Jim Zarroli 18311 at http://wuis.org The Dow Drops Again, But What's Driving The Sell-Off? http://wuis.org/post/dow-drops-again-whats-driving-sell Transcript <p>MELISSA BLOCK, HOST: <p>This is ALL THINGS CONSIDERED from NPR News. I'm Melissa Block.<p>AUDIE CORNISH, HOST: <p>And I'm Audie Cornish.<p>The stock market had one of its worst days in months today after some disappointing news about manufacturing. The Dow Jones Industrial Average fell more than 300 points, about two percent. Mon, 03 Feb 2014 21:52:00 +0000 Jim Zarroli 18233 at http://wuis.org Days Of Turmoil Test Stability Of Emerging Markets http://wuis.org/post/days-turmoil-test-stability-emerging-markets Transcript <p>ROBERT SIEGEL, HOST: <p>After losing a lot of ground, stock prices were back up a bit today. Investor anxiety about the state of the world's currency markets seemed to ease. The current turmoil is reminiscent of the 1997 currency crisis in Asia, which hurt economies all over the world.<p>As NPR's Jim Zarroli reports, there are also some big differences.<p>JIM ZARROLI, BYLINE: This crisis got underway when Argentina decided to devalue its peso earlier this month. But soon, doubts were being raised about just how safe it was to invest in emerging markets in general.<p>DR. Tue, 28 Jan 2014 22:30:00 +0000 Jim Zarroli 17845 at http://wuis.org Study: Upward Mobility No Tougher In U.S. Than Two Decades Ago http://wuis.org/post/study-upward-mobility-no-tougher-us-two-decades-ago A new study finds that contrary to widespread belief, it's no harder to climb the economic ladder in the United States today than it was 20 years ago.<p>But the study did find that moving up that ladder is still a lot more difficult in the U.S. than in other developed countries.<p>Economists have been looking into the issue of U.S. economic mobility for a long time. But they've often been hampered by the lack of adequate data, says Gary Solon, an economics professor at Michigan State University. Thu, 23 Jan 2014 23:44:00 +0000 Jim Zarroli 17524 at http://wuis.org Study: Upward Mobility No Tougher In U.S. Than Two Decades Ago The Young And Restless May Cause Drama For ACA http://wuis.org/post/young-and-restless-may-cause-drama-aca Transcript <p>MELISSA BLOCK, HOST: <p>After a slow start, the Affordable Care Act is now attracting customers at a healthier pace. The government said yesterday that 2.2 million people have signed up for health insurance under the state and federal exchanges. But there's a serious red flag. A disproportionate number of new enrollees are middle aged or older.<p>Here's NPR's Jim Zarroli on what that means for the program and for insurers.<p>JIM ZARROLI, BYLINE: About 40 percent of the people who lack health insurance in the United States are between 18 and 35. Tue, 14 Jan 2014 21:48:00 +0000 Jim Zarroli 16935 at http://wuis.org JPMorgan Chase Settles Madoff Case For $1.7 Billion http://wuis.org/post/jpmorgan-chase-settles-madoff-case-17-billion JPMorgan Chase & Co. has agreed to pay $1.7 billion to settle criminal charges accusing the bank of ignoring obvious warning signs of Bernard Madoff's massive Ponzi scheme. Tue, 07 Jan 2014 19:19:00 +0000 Jim Zarroli 16468 at http://wuis.org Insurers Dismayed Over Obamacare Rule Changes http://wuis.org/post/insurers-dismayed-over-obamacare-rule-changes At the last minute, the Obama administration gave consumers more time to sign up for health insurance starting Jan. 1. People will now have until the end of Christmas Eve, giving them an additional day. The administration hopes a late surge of enrollments will boost numbers, which have lagged far behind expectations. The insurance industry is hoping the same thing. But it is also expressing dismay over recent changes to the law that allow some people to opt out of the individual mandate or purchase plans otherwise prohibited under the law. Mon, 23 Dec 2013 21:22:00 +0000 Jim Zarroli 15605 at http://wuis.org After Target's Data Breach, Customer Incentive Disappoints http://wuis.org/post/after-targets-data-breach-customer-incentive-disappoints Target is trying to get back in its customers' good graces after a massive data breach affecting some 40 million credit and debit account holders. Mon, 23 Dec 2013 07:30:00 +0000 Jim Zarroli 15553 at http://wuis.org After Target's Data Breach, Customer Incentive Disappoints Ireland Exits Bailout Program, But Economy Still On The Mend http://wuis.org/post/ireland-exits-bailout-program-economy-still-mend Ireland was one of the countries hardest hit by Europe's debt crisis. On Sunday, it passed a big milestone when the nation became the first country to formally exit the bailout program funded by the International Monetary Fund and the European Union.<p>After three years of the bailout program, it isn't hard to find signs of improvement in Ireland and of an economy coming back from the dead.<p>"Don't get me wrong, it's been bad in a lot of ways, but there's a silver lining in every cloud," says Conor Mulhall, a 41-year-old father of three.<p>Mulhall used to be in construction management. Sun, 15 Dec 2013 23:56:00 +0000 Jim Zarroli 15080 at http://wuis.org Ireland Exits Bailout Program, But Economy Still On The Mend WTO Nations Say Deal Will Boost Global Trade http://wuis.org/post/wto-nations-say-deal-will-boost-global-trade Transcript <p>DAVID GREENE, HOST: <p>Officials of 159 countries have taken a big step forward in promoting global trade. This happened over the weekend at World Trade Organization talks in Indonesian.<p>STEVE INSKEEP, HOST: <p>Here's NPR's Jim Zarroli.<p>JIM ZARROLI, BYLINE: The countries attending the WTO meeting agreed to a treaty that they say will lower trade barriers and speed up the passage of goods across borders. Mon, 09 Dec 2013 13:18:00 +0000 Jim Zarroli 14579 at http://wuis.org The Latest From The New York Train Derailment http://wuis.org/post/latest-new-york-train-derailment Transcript <p>ARUN RATH, HOST: <p>It's ALL THINGS CONSIDERED from NPR West. I'm Arun Rath.<p>A commuter train derailed as it was heading into Manhattan this morning, killing four people and injuring more than 60. Witnesses say the train appeared to be going too fast as it rounded a curve just north of a train station in the Bronx. The National Transportation Safety Board is trying to piece together what happened.<p>NPR's Jim Zarroli was on the scene of the accident today and joins me now. Sun, 01 Dec 2013 22:43:00 +0000 Jim Zarroli 14115 at http://wuis.org A New Worry Looms Online For The Affordable Care Act http://wuis.org/post/glitches-digital-insurance-forms-threaten-aca-rollout Saturday is the day the Obama administration promised it would have HealthCare.gov working smoothly for the majority of people who need to sign up for health insurance.<p>As the Obama administration scrambles to fix the glitch-plagued site, experts are beginning to worry about another problem that may further impair the rollout of the Affordable Care Act.<p>Health insurance companies say they're seeing numerous errors in a form that plays a vital part in the enrollment process. Sat, 30 Nov 2013 12:22:00 +0000 Jim Zarroli 14054 at http://wuis.org A New Worry Looms Online For The Affordable Care Act Men's Wearhouse Goes 'Pac-Man' On Joseph A. Bank http://wuis.org/post/mens-wearhouse-goes-pac-man-joseph-bank The retail company Men's Wearhouse has announced it is launching a takeover battle for rival Joseph A. Bank. What makes the effort unusual is that just last month Joseph A. Bank was trying to take over Men's Wearhouse. The turnaround is an example of what Wall Street calls a Pac-Man defense. Wed, 27 Nov 2013 10:15:00 +0000 Jim Zarroli 13855 at http://wuis.org JPMorgan Says It Broke No Law. So Why Pay The $13 Billion? http://wuis.org/post/jpmorgan-says-it-broke-no-law-so-why-pay-13-billion State and federal regulators have hailed Tuesday's <a href="http://www.justice.gov/iso/opa/resources/69520131119191246941958.pdf" target="_blank">$13 billion settlement</a> with JPMorgan Chase & Co. Fri, 22 Nov 2013 22:01:00 +0000 Jim Zarroli 13616 at http://wuis.org JPMorgan Says It Broke No Law. So Why Pay The $13 Billion? Obama, State Insurance Commissioners Talk Policy Extensions http://wuis.org/post/obama-state-insurance-commissioners-talk-policy-extensions President Obama met with state insurance commissioners to discuss changes to the implementation of the Affordable Care Act. Some commissioners are in a difficult spot because their states passed laws that prohibit policies that don't comply with the law. Now, the president says companies can keep offering non-compliant policies for another year if they want to. Thu, 21 Nov 2013 11:37:00 +0000 Jim Zarroli 13466 at http://wuis.org Health Care Cancellation Cure Could Lead To Higher Premiums http://wuis.org/post/health-care-cancellation-cure-could-lead-higher-premiums The health care fix announced by President Obama on Thursday may be good news for some consumers, but it creates a big headache for insurance companies and regulators. An insurance industry trade group warns the last-minute change could destabilize the market and lead to higher premiums. Fri, 15 Nov 2013 09:50:00 +0000 Jim Zarroli 13081 at http://wuis.org Sprecher Slams High-Speed Electronic Exchanges http://wuis.org/post/sprecher-slams-high-speed-electronic-exchanges The CEO of the firm that's about to take over the New York Stock Exchange has criticized alternative market trading. Jeffrey Sprecher said equity markets, including the NYSE, allow sophisticated traders to take advantage of small investors. He added such models are destined to fail and that people outside the markets have a sense things aren't fair. Wed, 06 Nov 2013 09:42:00 +0000 Jim Zarroli 12441 at http://wuis.org SAC Capital Agrees To Plead Guilty To Insider Trading http://wuis.org/post/sac-capital-agrees-plead-guilty-insider-trading Transcript <p>DAVID GREENE, HOST: <p>NPR's business news starts with a guilty plea.<p>(SOUNDBITE OF MUSIC)<p>GREENE: SAC Capital Advisors is expected to plead guilty to securities fraud today. The hedge fund company has agreed to pay $1.8 billion to settle charges of insider trader. It's said to be the biggest fine ever in a case like this. The settlement will be announced at a news conference later today in New York City. And that's where we've reached NPR's Jim Zarroli. Mon, 04 Nov 2013 17:07:00 +0000 Jim Zarroli 12318 at http://wuis.org Jury Selection To Begin For Trial Of Madoff Employees http://wuis.org/post/jury-selection-begin-madoff-employees-trial Transcript <p>RENEE MONTAGNE, HOST: <p>Nearly five years after Bernie Madoff was arrested for fraud, some of his former employees are about to go on trial in New York. The trial is expected to focus on how much the employees knew about Madoff's multibillion dollar Ponzi scheme. Jury selections gets under way today.<p>STEVE INSKEEP, HOST: <p>NPR's Jim Zarroli reports.<p>JIM ZARROLI, BYLINE: The five former Madoff employees all had lucrative jobs at Madoff's firm. Tue, 08 Oct 2013 08:37:00 +0000 Jim Zarroli 10489 at http://wuis.org