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.

Arnold is spending the academic year of 2012 - 2013 as a Nieman Fellow at Harvard University. He will join a small group of other journalists from the U.S. and around the world for this highly respected journalism fellowship. Arnold will be studying, among other things, the future of home ownership in America.

Since 2006, Arnold has spent much of his time reporting on the financial crisis and its aftermath. 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 has also recently focused on the now government owned mortgage giants Fannie Mae and Freddie Mac. In a series of stories in partnership with reporter Jesse Eisinger at 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 homeownership more affordable. The stories generated widespread attention, and led to calls for an investigation by members of Congress.

Arnold has covered a range of other subjects and stories 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. Arnold followed the lives of those who lived and worked around Ground Zero - from bond traders and Chinatown garment sewers to small business owners - as they sought to put their lives back together again.

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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2:44pm

Thu December 15, 2011
Still No Job: Over A Year Without Enough Work

Changes In The Economy Leave Workers Scrambling

Originally published on Thu December 15, 2011 5:34 pm

Credit Paul Sakuma / AP

If you're unemployed, it can be painfully clear when you don't have the right skills to land a good job.

With unemployment at 8.6 percent, upwards of 13 million Americans are without a job and looking for work. A recent NPR/Kaiser Family Foundation poll surveyed hundreds of long-term unemployed and underemployed people, asking whether they thought they had the skills required to find a job.

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10:01pm

Tue December 13, 2011
Mitt Romney

As Governor, Romney Balanced Budget By Hiking Fees

When it comes to taxes, the field of Republican presidential candidates is unified: Keep them low and certainly don't raise them.

In both his runs for the White House, Mitt Romney has hewed to this Republican line. But whether he cut or actually raised taxes as governor of Massachusetts is a subject for debate.

All politicians like to talk about cutting taxes. But at the state level during tough economic times, many end up cutting spending while raising taxes because they have to balance their budgets.

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2:00am

Tue November 22, 2011
Economy

Homeowners May Qualify For Foreclosure Review

Transcript

LINDA WERTHEIMER, HOST:

This is MORNING EDITION from NPR News. I'm Linda Wertheimer.

STEVE INSKEEP, HOST:

And I'm Steve Inskeep. Good morning.

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2:00am

Tue November 15, 2011
Business

FHA To Issue Annual Report

The Federal Housing Administration today issues its annual report to Congress. A Wharton School professor is warning the FHA's problems are worse than the agency is letting on. The professor predicts that taxpayers will have to provide another multi billion dollar bailout if the economy doesn't improve soon.

7:15am

Mon November 14, 2011
Crisis In The Housing Market

After Banks' Mistakes, Homeowners Pick Up Pieces

Credit Chris Arnold / NPR

Federal regulators have announced the start of a nationwide review of foreclosures by the nation's largest banks. The goal is to reach homeowners who've been treated unfairly or who lost their house when they shouldn't have.

Banks have started mailing out letters to upwards of 4 million homeowners. The regulators have ordered the banks to find people who have suffered financial harm due to the banks' mistakes, and to offer "remediation."

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2:52am

Thu November 3, 2011
Economy

How Technology Is Eliminating Higher-Skill Jobs

The U.S. economy hit an important milestone last week: Gross domestic product, the sum of all goods and services produced in the country, returned to pre-recession levels. But the gains were made with millions fewer workers. Part of the reason is technology, as computers and machines continue to replace humans.

We used to think about machines taking over mundane jobs, like twisting a screw into a toaster on an assembly line over and over again. But more recently, technology is eliminating higher-skill jobs.

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2:00am

Tue October 25, 2011
Politics

Refinancing A Focus Of Obama's Economic Plan

Originally published on Tue October 25, 2011 10:59 am

Credit Jewel Samad / AFP/Getty Images

President Obama's home refinancing plan seeks to let a million or more American homeowners save money on their mortgages, even if those loans are underwater. But the plan announced Monday is not a new idea: A pair of economists at Columbia University — Chris Mayer and Glenn Hubbard — have been proposing a similar measure for years.

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3:00am

Mon October 24, 2011
Crisis In The Housing Market

Housing Crisis A Hot Topic For Presidential Hopefuls

Originally published on Mon October 24, 2011 5:03 pm

Credit Ethan Miller / Getty Images

Home prices across the U.S. have dropped 30 percent from their peaks, a downturn that has sapped trillions of dollars in wealth from Americans. Not surprisingly, it's a hot topic for presidential candidates this campaign season. But so far, new ideas about how to fix the crisis have been scarce.

On Monday, President Obama is visiting Nevada, where he's expected to announce his administration's latest proposals on housing. The state is at the epicenter of the downturn, with the latest reports showing home prices and sales numbers continuing to slip.

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10:01pm

Wed October 19, 2011
Economy

Frustration Over Jobs Unites 'Occupiers' In Boston

The U.S. hasn't had unemployment this high for this long since the Great Depression. That's weighing heavily on a lot of Americans and seems to be a key part of the frustration and anger that's being directed at Wall Street and the big banks. For many people, it's not so much about high finance as it is about a weekly paycheck.

"I'm unemployed, and I'm down here because I'm unemployed," says Bob Norkus, a protester in downtown Boston.

Walking around, it doesn't take long to figure out that many people here have the same problem.

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10:01pm

Sun October 16, 2011
Crisis In The Housing Market

Housing Market Stuck Despite Low Prices, Rates

Credit Joe Raedle / Getty Images

Three years ago, the real estate market was simple — simply terrible, that is. In virtually every part of the country, foreclosures were shooting up and prices were plunging. Today, the real estate picture is more nuanced. Foreclosures are still rising, but prices are stabilizing in some markets, making home-buying look more attractive.

If you had talked to some good economists just before the housing bubble burst, they would have told you it didn't make sense to buy a house.

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