Jim Zarroli http://kpcw.org en How High Debt From The Housing Collapse Still Stifles Our Economy http://kpcw.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 10:13:00 +0000 Jim Zarroli 16333 at http://kpcw.org How High Debt From The Housing Collapse Still Stifles Our Economy Citigroup Agrees To $7 Billion Fine For 'Egregious' Misconduct http://kpcw.org/post/citigroup-agrees-7-billion-fine-egregious-misconduct Citigroup has agreed to pay $7 billion to settle claims that it committed fraud when it sold mortgage-backed securities in the years leading up to the financial crisis. Most of the money will be paid to the U.S. Treasury, but some will be used to provide mortgage relief to struggling homeowners. Mon, 14 Jul 2014 20:15:00 +0000 Jim Zarroli 15957 at http://kpcw.org With Default 23 Days Away, A Little Clause Could Cost Argentina Big http://kpcw.org/post/default-23-days-away-little-clause-could-cost-argentina-big Transcript <p>ROBERT SIEGEL, HOST: <p>From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.<p>MELISSA BLOCK, HOST: <p>And I'm Melissa Block. The clock is ticking for Argentina. Yes, in the World Cup, but here, we're talking about its effort to prevent another debt crisis. Argentina has until the end of this month to pay its bondholders or it risks going into default. Tue, 08 Jul 2014 20:13:00 +0000 Jim Zarroli 15700 at http://kpcw.org BNP Paribas Agrees To Nearly $9 Billion Fine And Admission Of Guilt http://kpcw.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 15402 at http://kpcw.org U.S.-Foreign Mergers Raise Calls For Tax Reforms http://kpcw.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 15009 at http://kpcw.org U.S.-Foreign Mergers Raise Calls For Tax Reforms Lightning-Fast Trades Go Beneath The Congressional Microscope http://kpcw.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 14847 at http://kpcw.org AT&T And DirecTV Mega-Merger Spells Changes For Media Landscape http://kpcw.org/post/att-and-directv-mega-merger-spells-changes-media-landscape Transcript <p>AUDIE CORNISH, HOST: <p>Federal regulators are facing a decision on whether to allow another big media merger. This time, it's AT&T and DirecTV. Yesterday, the board of AT&T voted to acquire the satellite television company in a deal worth almost $50 billion. NPR's Jim Zarroli reports that the hope is to be a stronger competitor against the likes of Verizon and Comcast.<p>JIM ZARROLI, BYLINE: Like other big media companies, AT&T has been desperately trying to tell the future of the media business and get ready for it. Mon, 19 May 2014 20:16:00 +0000 Jim Zarroli 13670 at http://kpcw.org Crowdfunding Can Help Build Business, But At What Cost? http://kpcw.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 13272 at http://kpcw.org Crowdfunding Can Help Build Business, But At What Cost? Alibaba IPO Could Be The Biggest Ever http://kpcw.org/post/alibaba-ipo-could-be-biggest-ever Alibaba is the biggest e-commerce player in China. The Internet conglomerate is filing papers in the U.S. for what could be the biggest IPO ever. Tue, 06 May 2014 21:34:00 +0000 Jim Zarroli 13151 at http://kpcw.org After Bangladesh Factory Disaster, Efforts Show Mixed Progress http://kpcw.org/post/after-bangladesh-factory-disaster-efforts-show-mixed-progress One year ago Thursday, an eight-story factory building in the Bangladesh capital of Dhaka collapsed, killing more than 1,100 workers. The disaster at Rana Plaza brought new attention to safety conditions in the country's booming garment industry.<p>In the year since then, some of the world's biggest retailers have begun inspecting Bangladesh's factories more aggressively. But in other ways efforts to reform the industry have fallen short.<p>When sewing machine operator Aklima Khanam arrived at Rana Plaza on April 24, 2013, some of her coworkers were milling around outside. Thu, 24 Apr 2014 07:37:00 +0000 Jim Zarroli 12582 at http://kpcw.org After Bangladesh Factory Disaster, Efforts Show Mixed Progress