Chris Arnold

NPR correspondent Chris Arnold is based in Boston. His reports are heard regularly on NPR's award-winning newsmagazines Morning Edition, All Things Considered and Weekend Edition. He joined NPR in 1996, and was based in San Francisco before moving to Boston in 2001.

In recent years, Arnold has spent much of his time reporting on the financial crisis, its aftermath, and the U.S. economy's ongoing recovery. He has focused on the housing bubble and its collapse. And he's reported on problems within the nation's largest banks that have led to the banks improperly foreclosing on thousands of American homeowners. For this work, Arnold earned a 2011 Edward R. Murrow Award for the special series, The Foreclosure Nightmare. He's also been honored with the Newspaper Guild's 2009 Heywood Broun Award for broadcast journalism. He was chosen by the Scripps Howard Foundation as a finalist for their National Journalism Award, and he won an Excellence in Financial Journalism Award from N.Y. State's society for CPA's.

Arnold is also reporting on the now government-owned mortgage giants Fannie Mae and Freddie Mac. In a series of stories in partnership with ProPublica, Arnold exposed investments at Freddie Mac that raised serious concerns about a conflict of interest between Fannie and Freddie's massive investment portfolios, and their mission to make home ownership more affordable. The stories generated widespread attention, and led to calls for an investigation by members of Congress.

Arnold was recently honored with a Nieman Journalism Fellowship at Harvard University during the 2012-2013 academic year. He joined a small group of other journalists from the U.S. and abroad and studied, among other things, economics and the future of home ownership in America.

Prior to that, Arnold covered a range of other subjects for NPR – from Katrina recovery in New Orleans and the Gulf Coast, to immigrant workers in the fishing industry, to a new kind of table saw that won't cut your fingers off. He traveled to Turin, Italy, for NPR's coverage of the 2006 Winter Olympics. He has also followed the dramatic rise in the numbers of teenagers abusing the powerful and highly addictive painkiller Oxycontin – more than 1 out of 20 high school seniors report using the drug.

In the days and months following the Sept. 11, 2001, attacks, Arnold reported from New York and contributed to the NPR coverage that won the Overseas Press Club and the George Foster Peabody Awards. He chronicled the recovery effort at Ground Zero, focusing on members of the Port Authority Police department, as they struggled with the deaths of 37 officers - the greatest loss of any police department in U.S. history.

Prior to his move to Boston, Arnold traveled the country for NPR doing feature stories on entrepreneurship. His pieces covered technologists, farmers, and family business owners. He also reported on efforts to kindle entrepreneurship in economically disadvantaged areas ranging from inner-city Los Angeles to the Pine Ridge Indian reservation in South Dakota.

Arnold has worked in public radio since 1993. Before joining NPR, he was a freelance reporter working out of San Francisco's NPR Member Station, KQED.

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The State Of The American Small Business
2:57 am
Thu October 31, 2013

What Happens When The Pace Of Startups Slows Down

Is this coffee shop going to grow to be the next Starbucks?
iStockphoto.com

Originally published on Thu October 31, 2013 11:45 am

Since the financial crisis hit five years ago, there aren't as many Americans starting new businesses. In uncertain economic times, it's harder for entrepreneurs and investors to take the risk.

And if you look back over the past 25 years, it turns out the overall trend is toward fewer new businesses getting started, too — and that's not good at all when the country needs more jobs.

The Next Google

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Business
4:03 am
Mon October 21, 2013

What To Know About The Tentative JPMorgan Deal

Originally published on Tue October 22, 2013 2:37 pm

Transcript

STEVE INSKEEP, HOST:

It's MORNING EDITION from NPR News. Good morning. I'm Steve Inskeep.

RENEE MONTAGNE, HOST:

And I'm Renee Montagne. The Justice Department is on the verge of a $13 billion settlement with JPMorgan Chase. That would make it the biggest government fine involving a single company. It involves the allegedly improper sale of mortgage securities that led to the financial crisis of 2008. NPR's Chris Arnold has been following this and he joins us now. Good morning.

CHRIS ARNOLD, BYLINE: Good morning, Renee.

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Business
5:44 am
Sat October 19, 2013

Business Leaders Decry The Economic Cost Of Uncertainty

Originally published on Fri October 25, 2013 11:08 am

Running a company is like driving a car. You need to be able to see what's coming down the road. The dysfunction in Washington has created a fog, and when driving in the fog, you have to slow down.

That's basically what's happening at thousands of companies around the country.

Bob Mosey, chairman of the National Tooling and Machining Association, bemoans the "uncertainty of not being able to plan for the future."

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Economy
3:27 pm
Wed October 16, 2013

Economists Say Fiscal Fits And Starts Hurt U.S. Growth

Traders at the New York Stock Exchange on Wednesday. Stocks surged on Wall Street after Senate leaders reached a deal that would avoid a U.S. default and reopen the government after 16 days of being partially shut down.
Seth Wenig AP

Originally published on Wed October 16, 2013 6:45 pm

On Wednesday, the stock market cheered the debt ceiling deal in Congress. The Dow gained 206 points and all the major indexes closed higher.

Investors of course have been watching the showdown in Washington very closely, since a default could have been a global financial disaster. At the same time, economists are trying to figure out how much the jitters and uncertainty over all this has been hurting the economy.

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Economy
3:29 am
Mon October 14, 2013

U.S. Political Standoff Hangs Over IMF, World Bank Meetings

The world's top financial officials were in Washington, D.C. over the weekend for the annual meetings of the International Monetary Fund and the World Bank. The partial government shutdown and the debt ceiling standoff were hot topics among the visiting world financial leaders.

Business
4:06 am
Thu September 26, 2013

DOJ: 3 Brokers At ICAP Manipulated Libor Rate

Originally published on Thu September 26, 2013 4:31 am

Three former employees at the London-based brokerage have been charged by the Justice Department with participating in a criminal scheme to rig an interest rate that anchors the world's financial system. It's alleged that the three brokers from ICAP colluded with a trader at Swiss bank UBS.

NPR Story
4:18 pm
Tue September 17, 2013

Census Report Paints Troubling Economic Picture On Incomes

Raisa Ruiz (right) and her niece Mary Badels wait in line at the Manna Food Center, Gaithersburg, Md., on Sept. 13.
Chloe Coleman NPR

Originally published on Tue September 17, 2013 4:34 pm

For the first year since the recession, median household incomes did not decline in 2012. But it's hardly a reassuring picture. Incomes were flat despite the economic recovery and big gains in the stock market. That's a troubling aspect about today's labor market. It's four years since the official end of the recession and many households are worse off than when it started.

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Business
2:38 am
Fri September 6, 2013

Rates Come Down On Jumbo Mortgage Loans

iStockphoto.com

Originally published on Fri September 6, 2013 11:40 am

There is something new and different for home mortgages: Jumbo loans are being made at lower interest rates than traditional home loans. That's kind of like a first class airplane ticket being cheaper than riding in coach.

At first this seems crazy. For as long as anybody can remember, homeowners have had to pay a premium to get jumbo loans. That's because they're not guaranteed by the federal government. If they're not guaranteed, they're riskier, so they cost more in interest payments.

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Business
1:41 am
Thu August 22, 2013

As Housing Recovers, Lots Of Boats Rise In U.S. Economy

A worker at the Cataumet Sawmill in Falmouth, Mass., where the improved housing outlook has led to more hours for employees.
Chris Arnold NPR

Originally published on Fri August 23, 2013 11:02 am

In just the past week we've seen a bunch of signs that the housing recovery is gaining steam. Data out Wednesday showed that existing-home sales rose to their highest level in nearly four years, while prices were up 14 percent from a year ago.

Retailers Home Depot and Lowe's both reported strong earnings growth and attributed that to the housing rebound.

And most important for the economy, homebuilders are hiring more workers and building more houses.

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Media
4:24 am
Wed August 7, 2013

Boston Hopes Red Sox Owner Can Turn Around 'Globe'

Originally published on Wed August 7, 2013 5:52 am

In Boston, a billionaire entrepreneur is buying the Boston Globe. John Henry is currently the owner of the Red Sox baseball team. He says he isn't interest in trying to influence the news — including the baseball coverage.

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