Jim Zarroli http://news.stlpublicradio.org en Sending Money On An Overseas Round Trip To Avoid Taxes http://news.stlpublicradio.org/post/taking-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 20:47:00 +0000 Jim Zarroli 35319 at http://news.stlpublicradio.org Sending Money On An Overseas Round Trip To Avoid Taxes With Proposed Mega-Merger On The Hill, Spotlight's On Consumers http://news.stlpublicradio.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 35170 at http://news.stlpublicradio.org Traders Defend High-Speed Systems Against Charges Of Rigging http://news.stlpublicradio.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 21:53:00 +0000 Jim Zarroli 34970 at http://news.stlpublicradio.org Traders Defend High-Speed Systems Against Charges Of Rigging Madoff Aides Found Guilty For Role In Massive Ponzi Scheme http://news.stlpublicradio.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 20:33:00 +0000 Jim Zarroli 34693 at http://news.stlpublicradio.org Netflix Pays Comcast To Ensure Its Videos Stream Smoothly http://news.stlpublicradio.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 21:20:00 +0000 Jim Zarroli 33951 at http://news.stlpublicradio.org Video Streaming Is Straining, But Who Will Ease The Tension? http://news.stlpublicradio.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 33880 at http://news.stlpublicradio.org Video Streaming Is Straining, But Who Will Ease The Tension? Senate Steps Into The Data Breach Controversy http://news.stlpublicradio.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 22:40:00 +0000 Jim Zarroli 33470 at http://news.stlpublicradio.org Days Of Turmoil Test Stability Of Emerging Markets http://news.stlpublicradio.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 21:52:00 +0000 Jim Zarroli 33317 at http://news.stlpublicradio.org Study: Upward Mobility No Tougher In U.S. Than Two Decades Ago http://news.stlpublicradio.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 23:21:00 +0000 Jim Zarroli 33215 at http://news.stlpublicradio.org Study: Upward Mobility No Tougher In U.S. Than Two Decades Ago JPMorgan Chase Settles Madoff Case For $1.7 Billion http://news.stlpublicradio.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 32830 at http://news.stlpublicradio.org