Marilyn Geewax

Marilyn Geewax is a senior editor, assigning and editing business radio stories. She also serves as the national economics correspondent for the NPR web site, and regularly discusses economic issues on NPR's mid-day show Here & Now.

Her work contributed to NPR's 2011 Edward R. Murrow Award for hard news for "The Foreclosure Nightmare." Geewax also worked on the foreclosure-crisis coverage that was recognized with a 2009 Heywood Broun Award.

Before joining NPR in 2008, Geewax served as the national economics correspondent for Cox Newspapers' Washington Bureau. Before that, she worked at Cox's flagship paper, the Atlanta Journal-Constitution, first as a business reporter and then as a columnist and editorial board member. She got her start as a business reporter for the Akron Beacon Journal.

Over the years, she has filed news stories from China, Japan, South Africa and Europe. Recently, she headed to Europe to participate in the RIAS German/American Journalist Exchange Program.

Geewax was a Nieman Fellow at Harvard, where she studied economics and international relations. She earned a master's degree at Georgetown University, focusing on international economic affairs, and has a bachelor's degree from The Ohio State University.

She is a member of the National Press Club's Board of Governors and serves on the Global Economic Reporting Initiative Committee for the Society of American Business Editors and Writers.

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Business
4:01 pm
Wed April 29, 2015

Japan's Abe Pushes The Pacific Trade Deal Onto Center Stage

Japan's Prime Minister Shinzo Abe speaks during a joint press conference at the White House with President Obama on Tuesday. Abe is urging U.S. lawmakers to approve a trans-Pacific trade deal.
Mandel Ngan AFP/Getty Images

President Obama's plan for creating a Pacific Rim trade zone has been hovering in the wings, waiting for the right moment to demand attention.

On Wednesday, Japanese Prime Minister Shinzo Abe pushed it out on to center stage during a dramatic joint meeting of the U.S. House and Senate. He urged Congress to approve the proposed Trans-Pacific Partnership, or TPP.

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The Two-Way
12:07 pm
Tue April 14, 2015

Cheap Oil Fuels Global Growth. Now If We Just Had Roads And Bridges

Men work on an oil pump during a sandstorm in the desert oil fields of Sakhir, Bahrain, in January.
Hasan Jamali AP

Originally published on Tue April 14, 2015 5:05 pm

The global economy won't sink this year, thanks to the oceans of cheap oil keeping it afloat.

That's the bottom line of the World Economic Outlook, released Tuesday by the International Monetary Fund. The 2015 pace of economic growth will tick up to 3.5 percent, helped along by lower energy costs and weaker currencies.

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It's All Politics
6:03 am
Tue April 14, 2015

'Clintonomics' Ruled The 1990s; 'Hillarynomics' Would Be Different

Hillary Clinton begins to speak as her husband, former President Bill Clinton, moves to take a seat after introducing her at the Clinton Global Initiative on Sept. 22, 2014, in New York.
Mark Lennihan AP

Originally published on Tue April 14, 2015 1:47 pm

If you are under 30, this may be hard to imagine, but in the late 1990s, the economy was a job-generating machine.

In 2000, the final year of Bill Clinton's presidency, the unemployment rate fell as low as 3.8 percent. Then, within a decade of his White House departure, the rate was up to 10 percent.

Those two numbers explain why the name "Clinton" remains magic for many. People who got jobs, bought homes and invested money two decades ago associate "Clintonomics" with good times.

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The Salt
3:49 pm
Wed April 8, 2015

The Latest Item On McDonald's Shifting Menu: A $5 Burger

The new Sirloin Third Pound burgers will be offered at McDonald's starting later this month, for a limited time.
Courtesy of McDonald's

Originally published on Wed April 8, 2015 5:39 pm

McDonald's has been struggling in recent years to keep pace with fast-casual chains like Five Guys and Chipotle Mexican Grill.

So the fast-food giant is testing different menu options to lure back customers. Starting later this month, McDonald's diners will be able to choose a $4.99 sandwich — the Sirloin Third Pound burger.

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The Two-Way
1:19 pm
Fri April 3, 2015

For U.S. Workers, The March Of Progress Slows Down

The big question hanging over the U.S. economy: Did job growth just take a rest during the harsh winter, or is it shifting to a much slower pace?
David Goldman AP

Dear March,

We got your news that employers added just 126,000 jobs on your watch. Hate to say it, but you have disappointed everyone. No doubt you'll say you were under the weather — literally. Sure, it was cold, but still ... Let's hope April does better.

Sincerely,

America

On Friday, the Labor Department's report on weak jobs growth left economists scrambling to explain what went wrong in March.

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The Two-Way
8:57 am
Fri April 3, 2015

If A Caller Says, 'I Am With The IRS,' He's Not

The Internal Revenue Service says the number of IRS-related phone scams is on the rise.
gmutlu iStockphoto.com

Originally published on Fri April 3, 2015 10:57 am

True story: The other day, I attended a speech by IRS Commissioner John Koskinen, who said phone scammers are swarming the country in the run-up to April 15, aka Tax Day.

These criminals call taxpayers and insist they must "immediately give up their personal information or make a payment," Koskinen warned. Don't fall for it.

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The Two-Way
1:46 pm
Thu March 26, 2015

Census Data Prove It: We Prefer Sunshine And Golf Carts

Originally published on Fri March 27, 2015 2:17 pm

If you live in a town still dotted with dirty piles of old snow, this is not going to come as good news:

The U.S. Census Bureau today listed the nation's fastest-growing metro areas. And it turns out, Americans prefer Florida's sunshine, lakes and beaches to your cloudy, cold climes.

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The Two-Way
5:10 pm
Mon March 23, 2015

Does This Strong Dollar Make U.S. Look Too Fat For Foreign Investors?

President Obama speaks at the SelectUSA Investment Summit, hosted by the Commerce Department on Monday, at National Harbor, Md.
Cliff Owen AP

Originally published on Tue March 24, 2015 12:51 pm

The U.S. economic expansion has been gaining so quickly that foreign investors are paying attention. Many want to open factories and offices that could swell their profits while creating jobs for Americans.

But U.S. growth also has pushed up the value of the dollar, which has surged about 14 percent over the past year relative to other currencies. That makes it more difficult for foreigners to spend their money in the U.S. The dilemma is not lost on the White House.

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Business
4:11 pm
Thu March 12, 2015

Obama, Unions On Opposite Sides Of The (Fast) Track For Trade Deals

Shipping containers at the Port of Los Angeles. Unions are stepping up their efforts to thwart White House plans for passing foreign trade deals on a "fast track" through Congress.
Nick Ut AP

Originally published on Thu March 12, 2015 5:06 pm

This week, labor leaders made sure President Obama knows that when it comes to foreign trade, they are living on opposite sides of the track — the "fast track," that is.

That's a term describing a president's broad power to negotiate a trade agreement — and then put the final package on a "fast track" through Congress. Lawmakers can give it a yes-or-no vote, but can't amend or filibuster the deal.

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Business
11:03 pm
Mon March 9, 2015

The Numbers Add Up To This: Less And Less Opportunity For Poor Kids

An employee at the American Disposables Inc. factory works on the assembly line in October 2009 in Ware, Mass. The state has seen rapidly expanding income disparity in the past 50 years as highly educated tech and financial workers have seen big gains and inflation-adjusted income has shrunk for the poorest residents.
Spencer Platt Getty Images

Originally published on Tue March 10, 2015 12:57 pm

In this country, all children are supposed to have a shot at success — a chance to jump "from rags to riches" in one generation.

Even if riches remain out of reach, then the belief has been that every hard-working American should be able to go from poverty to the middle class.

On Tuesday, a book and a separate study are being released — both turning up evidence that the one-generation leap is getting harder to accomplish in an economy so tied to education, technological know-how and networking.

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Economy
8:22 am
Sat March 7, 2015

More Jobs, Less Inflation Drive Down 'Misery' — So Where's The Joy?

Construction workers in Washington, D.C., in December. The latest jobs report will further drive the "misery index" to its lowest level in more than half a century. But economists say meager wages and big debts are still problems.
Paul J. Richards AFP/Getty Images

For decades, economists have tracked the "misery index," a simple formula that adds the unemployment rate to the inflation rate. The result equals how miserable — or not — you feel.

On Friday, the Labor Department released February's jobs report, and the good numbers will further drive down the misery index, already at its lowest level in more than a half-century, thanks to falling oil prices.

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The Two-Way
12:16 pm
Mon March 2, 2015

Wages And Prices: A Welcome Breakup

Bigger paychecks plus lower prices add up to more buying power for consumers.
DNY59 iStockphoto

Originally published on Mon March 2, 2015 12:49 pm

A new government report confirms: Wages and prices are going their separate ways.

This breakup is helping consumers on the rebound from recession.

Fresh evidence of the split came Monday in the Commerce Department's monthly report on personal spending, income and saving. It showed paychecks are fatter, prices are leaner and Americans are saving more.

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Economy
11:31 am
Thu February 26, 2015

Higher Wages, Lower Prices Give Consumers A Break

A sharp drop in gasoline prices led the consumer price index to fall in January. The CPI posted its first year-over-year drop since 2009.
Rich Pedroncelli AP

Originally published on Mon March 2, 2015 12:54 pm

Economists usually worry about a "wage-price spiral" taking hold. That's when workers are earning more, but losing buying power as prices rise.

For now, at least, something very rare is happening: Paychecks and prices are heading in opposite directions.

"You have a schism that's helpful to consumers," IHS economist Doug Handler said about the recent decline in prices and rise in wages.

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Parallels
3:15 pm
Tue February 17, 2015

EU-Greek Drama Deepens As A Deadline Approaches

Greek Prime Minister Alexis Tsipras addresses lawmakers at the Parliament in Athens on Tuesday. Greece is in talks with European finance ministers over its debt.
Simela Pantzartzi EPA/Landov

Originally published on Tue February 17, 2015 4:52 pm

This time, they're done. Through. They're walking out the door on Friday.

Unless they aren't. Unless they renew their vows and their union grows ever closer.

That's basically where Greek officials and European finance ministers are in their complicated relationship. After years of possible-breakup drama, a real deadline will arrive Friday and the parties must decide: Are we in this thing together or not?

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Economy
11:19 am
Thu February 12, 2015

As Commodity Prices Plunge, Groceries May Be Next

The prices of everything from corn to sugar have fallen, too. So some economists predict lower prices at the grocery store later this year.
Joe Raedle Getty Images

Originally published on Thu February 12, 2015 1:36 pm

Anyone who has pulled up to a gas station this winter knows oil prices have fallen — down roughly 50 percent since June.

But it's not just oil. Prices for many commodities — grains, metals and other bulk products — have been plunging too.

Here are a few of the changes since many prices peaked in recent years:

- Copper is $2.59 a pound, down from $4.50 in 2011.

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