Zoe Chace

Zoe Chace explains the mysteries of the global economy for NPR's Planet Money. As a reporter for the team, Chace knows how to find compelling stories in unlikely places, including a lollipop factory in Ohio struggling to stay open, a pasta plant in Italy where everyone calls in sick, and a recording studio in New York mixing Rihanna's next hit.

In 2008, Chace came to NPR to work as an intern on Weekend Edition Saturday. As a production assistant on NPR's Arts Desk, she developed a beat covering popular music and co-created Pop Off, a regular feature about hit songs for Morning Edition. Chace shocked the music industry when she convinced the famously reclusive Lauryn Hill to sit down for an interview.

Chace got her economic training on the job. She reported for NPR's Business Desk, then began to contribute to Planet Money in 2011. Since then Chace has also pitched in to cover breaking news for the network. She reported live from New York during Hurricane Sandy and from Colorado during the 2012 Presidential election.

There is much speculation on the Internet about where Chace picked up her particular accent. She explains that it's a proprietary blend: a New England family, a Manhattan childhood, college at Oberlin in Ohio, and a first job as a teacher in a Philadelphia high school.

The radio training comes from the Salt Institute for Documentary Studies, and collaboration with NPR's best editors, producers and reporters.

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Planet Money
2:43 am
Thu February 20, 2014

What It Was Like To Be A Wall Street Recruit After The Bailouts

John Angelillo UPI/Landov

Originally published on Thu February 20, 2014 9:05 am

Back in 2012, reporter Kevin Roose went undercover at a very exclusive party.

It was a dinner for a secret society, held once a year, at the St. Regis hotel in New York City. The secret society is called Kappa Beta Phi, and it's made up of current and former Wall Street executives — people like Michael Bloomberg, former heads of Lehman Brothers, Bear Stearns, Goldman Sachs. And every year the group holds a dinner to induct new people into the group — they're called neophytes.

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Planet Money
3:19 pm
Wed February 19, 2014

Spirit Airlines Taps A Nation Of Hate Fliers

Joe Raedle Getty Images

Originally published on Thu February 20, 2014 12:29 am

Spirit Airlines is one of the fastest-growing airlines in America. Last week, we flew Spirit from New York to Fort Lauderdale for $68.99 each. Cheap!

But that doesn't count fees. We paid $30 extra to pick our seats ahead of time. Once you're on the plane, a bottle of water costs $3. Even putting a bag in the overhead bin costs money on Spirit.

Somewhere between New York and Florida, the guy sitting across the aisle from us leaned over and said, "This sucks."

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Planet Money
3:58 am
Tue January 28, 2014

White House Reminds Firms Not To Overlook Long-Term Jobless

Originally published on Tue January 28, 2014 7:20 am

Transcript

STEVE INSKEEP, HOST:

Here's another item likely to be part of tonight's State of the Union address: helping the long term unemployed. The president is expected to announce that some of America's firms have signed a pledge not to discriminate against the long term unemployed when they're hiring. This week, the president plans to meet with many of the CEOs of those companies. NPR's Zoe Chace from our Planet Money team reports on the surprising experiment that, in part, lead to this meeting.

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Planet Money
4:11 am
Thu January 16, 2014

How Perverse Incentives Drive Up Health Care Costs

Originally published on Thu January 16, 2014 2:07 pm

Transcript

STEVE INSKEEP, HOST:

Emergency medical technicians, EMTs, are trained to save your life and aim to get you to a hospital as quickly as possible when needed. One thing they are usually not asked to do is to find ways to save money.

NPR's Zoe Chace explores one experiment in New York City that is trying to cut emergency care costs and cut return trips to the E.R.

ZOE CHACE, BYLINE: I'm in an ambulance, and we're on the way to the emergency room.

PETER DERMODY: How long have you been feeling like this, Michael?

MICHAEL: Like, two days.

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Planet Money
3:44 pm
Fri January 10, 2014

How A Community Bank Tripped On Footnote 1,861 Of The Volcker Rule

Originally published on Fri January 17, 2014 11:05 am

When people talk about the Volcker Rule, they often mention JPMorgan Chase, the giant bank where a trader recently made a bad bet that lost $6 billion. The Volcker Rule is supposed to put an end to that sort of thing, by prohibiting banks from trading with their own money.

But some banks that are very, very different from JPMorgan Chase are struggling with an obscure provision in the rule. Specifically, footnote 1,861, which bars banks from investing in something called trust-preferred securities — a rather obscure investment favored by lots of small, community banks invest

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