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Jim Zarroli

Jim Zarroli appears in the following:

Study Suggests Recession, Recovery Have Not Left The Rich Richer

Tuesday, February 17, 2015

Conventional wisdom is that income inequality has gotten worse in the years since the financial crisis, but new research by a George Washington University professor says that's not what the data show.

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Obama's Plan To Tax Overseas Earnings Draws Scrutiny

Thursday, February 12, 2015

American firms have about $2 trillion in overseas accounts — money they could be using to hire workers and pay dividends in the U.S. The president wants to encourage them to bring that money home.

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Document Leak Reveals Secret Swiss Bank Accounts

Monday, February 09, 2015

For years the Swiss banking industry has been under pressure to get out of the tax evasion business. A trove of documents released by a former employee of HSBC shows just how aggressive the bank was in marketing tax avoidance schemes to clients.

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Leaked HSBC Documents Shed Light On Swiss Banking Industry

Monday, February 09, 2015

The documents were downloaded by a former computer security expert at the giant bank HSBC. They were released over the weekend by the International Consortium of Investigative Journalists.

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Standard & Poor's To Pay Over $1 Billion In Legal Settlement

Tuesday, February 03, 2015

Standard & Poor's has agreed to pay more than $1 billion to settle charges that it gave false ratings to mortgage-related securities in the years leading up the financial crisis.

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Justice Dept. Settles S&P Lawsuit

Tuesday, February 03, 2015

Standard and Poor's is expected to settle a lawsuit brought by the Justice Department over the quality of the firm's ratings during the years before the financial crisis.

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Auto Loan Surge Fuels Fears Of Another Subprime Crisis

Friday, January 23, 2015

Dealers are extending loans to a growing number of people with weak credit, and more of them are having trouble making payments. The situation is evoking comparisons to the subprime mortgage boom.

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Standard & Poor's Settles In SEC Ratings Fraud Case

Wednesday, January 21, 2015

Standard & Poor's has agreed to pay fines of nearly $80 million to settle charges that it changed the way it was rating securities in a bid to win business, but didn't bother to tell investors. The firm also agreed to a one year ban on rating certain kinds of securities. A separate Justice Department investigation is still underway.

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Euro Falls To 9-Year Low Against U.S. Dollar

Wednesday, January 07, 2015

Europe may have a deflation problem. Eurozone consumer prices fell on an annual basis in December for the first time since the depths of the financial crisis five years ago. The decline was driven by a sharp drop in energy prices. The news is expected to increase pressure on the European Central Bank to come up with a more aggressive response to slow growth and high unemployment.

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U.S. Credit Cards Tackle Fraud With Embedded Chips, But No PINs

Monday, January 05, 2015

The nation's biggest banks are leaning toward a new credit card security system that will rely on embedded chips and signatures rather than PINs. But critics say the PIN-and-chip system is superior.

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Sanctions Intensify Russia's Free Fall Into Economic Crisis

Wednesday, December 31, 2014

The Russian economy took a big hit in 2014. The U.S. and other countries imposed economic sanctions after Russia annexed Crimea, but it was falling oil prices that really hurt the country.

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Opportunity, Caution Seen For U.S. Banks As Cuba Rules Ease

Thursday, December 18, 2014

President Obama eased restrictions on Cuba this week, including a relaxation of rules barring U.S. banks from doing business there. But banks are awaiting details and are likely to proceed cautiously.

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'Reshoring' Trend Has Little Impact On U.S. Economy, Study Finds

Tuesday, December 16, 2014

"Reshoring," or bringing U.S. jobs back from overseas, is not as prevalent as has been reported, a consulting firm's research finds. The study found a total of 300 cases from 2013.

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Lockheed Martin Case Puts 401(k) Plans On Trial

Monday, December 15, 2014

The aerospace company is being sued for choosing retirement funds that were poorly managed and charged high fees in a case that tests the limits of a company's responsibilities to its employees.

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Pension Deal In Spending Bill Will Cut Benefits Before Safety Net Fails

Thursday, December 11, 2014

The agreement comes as several "multi-employer" pension plans are insolvent. The federal government guarantees those plans' benefits, but might not be able to handle all of them failing at once.

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Drop In Oil Prices Is Being Felt By U.S. Drillers, Oil Field Firms

Tuesday, December 02, 2014

OPEC's decision not cut production is sending ripples throughout the industry as drillers pull back and reassess their plans. The next few months could send some companies under, one consultant says.

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Immigration Policy May Mean Better Jobs, But Impact On Labor Unclear

Friday, November 28, 2014

President Obama wants to give temporary work status to millions of undocumented workers now living in the U.S. That would mean better jobs for many, but its impact on the labor market is less certain.

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Senate Panel Probes Fed's Oversight Of Commodity Trading

Friday, November 21, 2014

A Senate committee has accused major banks including Goldman Sachs and JPMorgan Chase of manipulating commodity prices. Executives from several leading banks rejected the allegations on Thursday.

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1 Million American Pension Plans Could Be Insolvent In 10 Years

Wednesday, November 19, 2014

The agency in charge of insuring private-sector pension plans is warning about big problems on the horizon. The Pension Benefit Guarantee Corporation projects that several large multi-employer plans will become insolvent within the next decade.

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Justice Department Charges Georgia Debt Collector With Fraud

Wednesday, November 19, 2014

Williams, Scott & Associates is alleged to have threatened debtors with arrest, criminal charges and the loss of driving privileges. The owner and six employees were arrested.

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