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.

Pages

Parallels
4:22 pm
Wed March 26, 2014

How Russia's Annexation Of Crimea Could Hurt Its Economy

A street vendor in Simferopol, Crimea, sells eggs with the dual currency price tags in Russian rubles and Ukrainian hryvnias. Russia's annexation of Crimea mean it will now have to prop up the peninsula's weak economy.
Dmitry Serebryakov AFP/Getty Images

Originally published on Thu March 27, 2014 10:05 am

Russian President Vladimir Putin's swift move to annex Crimea is seen as a sign of strength by many Russians, and it has boosted Putin's popularity at home. But when it comes to Russia's economy, many analysts think Russia's prospects are looking weaker.

In recent days, we've seen Russians rallying in the streets, waving flags and celebrating Putin's move to reclaim Crimea as part of Russia.

Read more
Your Money
3:44 am
Tue March 18, 2014

Report: Most Americans Not Putting Enough Away For Retirement

Originally published on Tue March 18, 2014 8:44 am

The stock market surge has given a lift to many retirement portfolios. But a new report finds that most Americans haven't saved nearly enough for the kind of retirement they expect.

Business
5:02 am
Wed March 12, 2014

Bipartisan Plan Reached On Fannie-Freddie Overhaul

Originally published on Wed March 12, 2014 6:32 am

Transcript

RENEE MONTAGNE, HOST:

Senate lawmakers, this week, are announcing a bipartisan plan to overhaul the nation's mortgage market. The stock prices of the government-controlled mortgage giants Fannie Mae and Freddie Mac plunged on the news.

NPR's Chris Arnold has our report.

Read more
Economy
3:57 am
Mon March 10, 2014

Signs Point To A Slowing U.S. Housing Market

Originally published on Mon March 10, 2014 8:59 am

After rising sharply in 2013, home prices in many areas are leveling off. An interesting and worrisome development for most Americans because their home is often their most valuable asset.

Economy
4:39 pm
Tue March 4, 2014

Severe Weather Socks The Economy, But Full Impact Is Unclear

It's too cold to eat out.
John Moore Getty Images

Originally published on Tue March 4, 2014 5:31 pm

The economy often absorbs the impact of snowstorms, such as this week's storm, without much trouble, but this winter the weather is doing more damage than usual.

Read more
Around the Nation
4:07 pm
Thu February 13, 2014

Grounded And Confounded, Airlines Wait For Storms To Pass

Originally published on Thu February 13, 2014 6:58 pm

The snow and ice storms sweeping the East Coast have been felt not only on the ground but in the air, as well. Airlines are cancelling thousands of flights, and both the companies and their passengers have had to deal with the fallout.

Economy
8:43 am
Sat February 8, 2014

January Job Growth Disappoints, But Unemployment Drops

Originally published on Sat February 8, 2014 11:05 am

The U.S. added just 113,000 jobs in January, instead of the 180,000 analysts had predicted. Despite the anemic gains, the unemployment rate inched down to 6.6 percent, the lowest level since October 2008.

Economy
4:22 pm
Fri January 24, 2014

Trouble In Emerging Markets Causes Stocks To Take A Tumble

Originally published on Fri January 24, 2014 6:29 pm

Transcript

MELISSA BLOCK, HOST:

Stock prices soared in the past year, but this was a rough week and prices really tumbled today. The Dow lost 318 points, the S&P 500 and the NASDAQ both fell 2.1 percent. This was part of a global sell-off, as investors focus on the growing financial turmoil in the developing world. NPR's Chris Arnold is following this and he joins me now. Chris, the year started off looking like the global economy was more stable. We didn't have a financial crisis unfolding somewhere. So what's going on now?

Read more
Business
4:12 am
Fri January 24, 2014

MIT Housing Survey Focuses On 70 Metro Areas

Originally published on Fri January 24, 2014 6:29 am

A new report from the MIT Center for Real Estate forecasts home prices in 60 U.S. cities. Whether housing prices are going up or down depends on where you live.

The Salt
4:27 pm
Wed January 22, 2014

Small-Batch Distilleries Ride The Craft Liquor Wave

Evan Parker built the interior space of the distillery himself in a small warehouse near the coast. Parker and his business partner, Mat Perry, have desks overlooking their 400-gallon copper kettle and still.
Chris Arnold NPR

Originally published on Wed January 22, 2014 7:01 pm

Wherever you live, you're probably not too far from a local microbrewery making beer. Now, the latest trend is the spread of what you might call "micro-boozeries." Craft liquor distilleries are springing up around the country like little wellheads spouting gin, whiskey and rum.

Turkey Shore Distilleries in Ipswich, Mass., is one of them.

Read more
Economy
4:31 pm
Wed January 15, 2014

Obama Unveils New Plans To Encourage Manufacturing Jobs

Originally published on Wed January 15, 2014 6:44 pm

Transcript

AUDIE CORNISH, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.

MELISSA BLOCK, HOST:

And I'm Melissa Block. President Obama has been talking a lot lately about income inequality. Today, he visited a factory in North Carolina and announced new steps that he said would create more good-paying, middle class jobs. He plans to do that by boosting American manufacturing and at the center of that plan is a big idea: a new, federally-funded innovation institute.

Read more
Economy
9:05 am
Sat January 11, 2014

December Jobs Report Has Analysts Flummoxed

Originally published on Sat January 11, 2014 11:53 am

Transcript

SCOTT SIMON, HOST:

This is WEEKEND EDITION from NPR News. I'm Scott Simon. Yesterday's jobs report came as something of a surprise after several months of positive economic news. Employers added just 74,000 jobs. Economists had been expecting businesses to generate nearly three times that many. A few people were heartened by the fact that the unemployment rate fell to 6.7 percent, the lowest since October 2008. As NPR's Chris Arnold reports, the numbers reflect that many of the long-term unemployed have simply given up looking for work.

Read more
Economy
4:14 pm
Thu January 9, 2014

$50 Billion Worth Of Tax Breaks Expire

Subsidies for wind farms were among the tax breaks that expired on Jan. 1.
Sandy Huffaker AP

Originally published on Thu January 9, 2014 6:36 pm

Transcript

ROBERT SIEGEL, HOST:

At the stroke of midnight on New Year's Eve, a bevy of tax breaks expired in Washington D.C., everything from a tax benefit for people who commute to work using mass transit, to a subsidy for NASCAR racetracks. Some of these are probably less crucial for the national economy, but others are vital to the health of certain industries. At least that's what the businesses that benefit say, as NPR's Chris Arnold has been finding out.

Read more
Economy
5:18 pm
Thu January 2, 2014

For The Unemployed, Ideas To Help Bridge The Gap To Work

Job seekers line up to talk to recruiters during a job fair held in Atlanta in May.
John Amis AP

Originally published on Thu January 2, 2014 7:01 pm

When members of Congress return to work next week, at the top of the "to-do" list is whether to renew emergency unemployment benefits. An extension of the benefits expired at the end of 2013, which means 1.3 million out-of-work Americans are no longer getting unemployment checks.

Read more
Economy
4:20 am
Wed January 1, 2014

Home Prices Mark Biggest Gains Since 2006

Originally published on Wed January 1, 2014 10:42 am

Transcript

RENEE MONTAGNE, HOST:

And before the ball dropped in Times Square last night, new numbers came out on the housing market, and they showed the past year saw the biggest gains in home prices since 2006.

NPR's Chris Arnold reports.

Read more

Pages