Yuki Noguchi

Yuki Noguchi joined NPR News in May 2008 as a correspondent. She is a general assignment reporter covering business for NPR's National Desk. She began reporting for NPR in Washington during hectic times, with the 2008 presidential race underway and as the economy started to experience severe turmoil. Her stories have ranged from declines in SUV sales at Carmax to profiles of important figures involved in the Wall Street bailout. Noguchi's pieces can be heard on Morning Edition, All Things Considered and Weekend Edition Sunday.

Before joining NPR, Noguchi worked at The Washington Post, first as a reporter and later as an editor. Starting in 1999, she covered economic development. Starting in 2000, she covered telecommunications and wrote stories about the major industry mergers, the Federal Communications Commission and the rise of some of the Internet giants. On the side, she also wrote about her love of swing dancing. Later, she covered consumer technology, writing features about people and their relationships with their gadgets. This was her favorite beat. Most recently, Noguchi directed the paper's coverage of national technology news. Prior to joining the Post, Noguchi reported on business and politics for the St. Louis Post-Dispatch, the Rochester Democrat & Chronicle and The Orlando Sentinel.

Noguchi's parents left Japan to study in the U.S. in the early 1970s. Noguchi and her younger brother grew up in St. Louis. She received her B.A. in history from Yale University. During a year off, she studied in Yokohama, Japan, and worked for Kyodo News Service in Tokyo. She is fluent in Japanese and speaks conversational German. She has forgotten the bulk of a class in Arabic.

Noguchi lives with her husband, Christopher Libertelli, in Bethesda, Maryland. Outside of NPR she practices yoga and still loves swing dancing.

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5:53pm

Wed September 5, 2012
Crisis In The Housing Market

Democratic Convention Draws Troubled Homeowners

Originally published on Wed September 5, 2012 7:03 pm

David Sole rode a bus from Detroit to the Democratic National Convention in Charlotte, N.C., to protest how the Obama administration and the nation's banks have handled the foreclosure crisis.
Yuki Noguchi NPR

Charlotte, N.C., host of the 2012 Democratic National Convention, is the nation's biggest financial center outside of New York. But Charlotte and surrounding Mecklenburg County have the highest foreclosure rates in the state, and many thousands of homeowners owe more on their homes than the properties are worth.

As thousands of Democrats converge in Charlotte for the convention, some troubled homeowners have also gathered, lamenting that the foreclosure crisis has not been sufficiently front and center in the presidential campaign.

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6:31am

Tue September 4, 2012
Economy

Democrats' Convention To Focus On Jobs, Economy

Originally published on Tue September 4, 2012 12:38 pm

Transcript

STEVE INSKEEP, HOST:

Now, as you can hear from Scott's report, the economy is a top issue in this campaign.

DAVID GREENE, HOST:

So it's fitting that the Democratic Convention was preceded by Labor Day and will be followed by Friday's release of the latest employment numbers.

INSKEEP: NPR's Yuki Noguchi talked with voters about jobs on Labor Day.

YUKI NOGUCHI, BYLINE: This year, Labor Day festivities came to Charlotte in the form of a huge street party.

(SOUNDBITE OF SINGING)

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2:46am

Fri August 17, 2012
Economy

Low Mortgage Rates Boost 'Serial Refinancers'

Originally published on Fri August 17, 2012 2:35 pm

Refinance activity continues to boom, fueling the home-loan market. Low interest rates have created a class of "serial refinancers" — those lucky enough to borrow at lower rates — and given them new opportunities to spend their freed up cash.

Settlement attorney Robert Gratz never used to be on a first-name basis with his clients.

"In the past, our practice was such that you'd see people, and that was the end of it," he says.

Gratz now sees the same faces all the time, of clients refinancing again and again — these days in the mid-3 percent range.

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3:23am

Fri August 10, 2012
Business

Why Evading U.S. Rules May 'Tempt' Foreign Banks

Originally published on Fri August 10, 2012 2:42 pm

Police leave the Standard Chartered Bank's offices Tuesday in London. The bank has been accused of making billions of dollars' worth of transactions with the Iranian regime.
Matthew Lloyd Getty Images

The allegations this week against London-based Standard Chartered Bank raise questions, not just about the bank's viability but also about the efficacy of U.S. laws when it comes to foreign banks. Standard Chartered allegedly violated U.S. sanctions against Iran, and regulators said the bank's executives lied to investigators as part of a cover-up.

The case serves as yet another reminder that U.S. regulations, which have strengthened since the Sept. 11, 2001, terrorist attacks, apparently did not deter foreign banks from laundering money through their U.S. operations.

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5:07am

Tue July 31, 2012
Crisis In The Housing Market

Is Housing Recovery Real? Not Everyone Is Convinced

Originally published on Tue July 31, 2012 5:08 pm

A construction worker carries lumber while working on new homes in San Mateo, Calif., in March. Homebuilding is at its highest level in nearly four years.
Justin Sullivan Getty Images

Housing, the sector that led us into the recession, now looks to be one of the brighter spots in the economy. Homebuilding is at its highest level in nearly four years. More homes are selling, and at higher prices.

The question, of course, is whether this is a solid enough foundation to sustain a full housing recovery.

Lawrence Yun, the chief economist for the National Association of Realtors, says housing woes are largely behind us.

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4:09am

Thu July 26, 2012
Business

For Temp Workers, 'Temp' Looking More Permanent

Originally published on Thu July 26, 2012 6:11 pm

Job applicants outside the Staffmark temp agency in Cypress, Calif., in 2005. Temp hiring is usually a harbinger of an improving job market, but some analysts say more employers may be considering temps as a more permanent staffing solution.
Ric Francis AP

While the job market remains sluggish, temporary work is one area that's done very well in the economic recovery. Companies are keeping their temps longer and are even using them to fill professional and high-ranking positions.

The average daily number of temporary workers employed during the first quarter of 2012 was more than 2.5 million. That's up from a low of 2.1 million in early 2009, according to the American Staffing Association.

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3:20am

Fri July 13, 2012
Crisis In The Housing Market

County Considers Eminent Domain As Foreclosure Fix

Originally published on Fri July 13, 2012 11:04 am

Half of San Bernardino County's 300,000 mortgages are underwater. In an attempt to ease the mortgage crisis, the Southern California county is considering taking control of some of those properties by eminent domain.
Robyn Beck AFP/Getty Images

County and city officials in San Bernardino, Calif., are considering a controversial plan: using the power of eminent domain to take over "underwater" mortgages, where the value of the home is worth less than the original loan. Taking on those properties, officials say, would allow the homeowners to refinance those troubled loans.

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3:51pm

Fri July 6, 2012
NPR Story

U.S. Unemployment Rate Sticks At 8.2 Percent

Originally published on Tue July 10, 2012 4:46 pm

Transcript

ROBERT SIEGEL, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.

MELISSA BLOCK, HOST:

And I'm Melissa Block. The big news from Washington today may not sound like big new. The unemployment rate remains stuck at 8.2 percent in June. Hiring was virtually flat compared to the prior months, with a meager 80,000 jobs added to the payrolls. But these days, the weak economy is increasingly a political story as NPR's Yuki Noguchi reports.

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3:02am

Fri July 6, 2012
Business

For Some Businesses, Daily Deals Have A Dark Side

Originally published on Mon July 30, 2012 9:20 pm

Creative Hands is a therapy center in Washington, D.C., that used daily deals when it opened last year. Instead of bolstering revenue, the deals left Creative Hands' owner in the red.
Ebony Bailey NPR

Groupon and Living Social have sold tens of millions of daily deals and are now a major force in retail. But they rely heavily on getting businesses to offer their goods and services at deep discounts. In exchange, businesses hope for payoff in the form of return customers.

Sometimes, though, the flood of extra business causes more problems than it solves.

Deal-Hungry Crowd

Ailie Ham had just opened Creative Hands Massage in Washington, D.C., when she decided to offer deals through Living Social and Groupon last year.

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3:37pm

Wed July 4, 2012
Business

Ex-CEO: Barclays Isn't The Only Bank At Fault

Originally published on Wed July 4, 2012 5:35 pm

Former Barclays CEO Bob Diamond leaves Parliament amid a crowd of reporters in London on Wednesday. Diamond, who resigned Tuesday, was questioned about a growing interest-rate manipulation scandal.
Matthew Lloyd Getty Images

The fallen leader of Barclays Bank got on the hot seat before members of the British Parliament on Wednesday. Robert Diamond, an American, resigned Tuesday as CEO of the bank — the latest executive to lose his job over an interest-rate manipulation scandal.

The scandal has not only consumed Barclays, it also threatens to engulf other international banks — and high-ranking government officials, too.

Diamond started his career at Barclays on Independence Day, exactly 16 years ago. On Wednesday in London, he set off some fireworks all his own.

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1:48am

Fri June 29, 2012
Judging The Health Care Law

Business Owners Mixed On Health Care Ruling

Originally published on Sat June 30, 2012 4:13 pm

Protesters stand outside the U.S. Supreme Court on Thursday. The court's ruling upholding the federal health care law is expected to have wide-reaching implications for businesses.
Kris Connor Getty Images

Depending on whom you ask, the Supreme Court's decision to uphold the federal health care law will either help businesses grow or it will make them more hesitant to hire.

Thursday's decision to uphold the law, including the provision requiring individuals to buy insurance, has some far-reaching implications in the business world.

Dan Danner, CEO of the National Federation of Independent Business, a business lobby that helped bankroll the suit seeking to strike down the law, said the 5-4 decision was unambiguously bad for business.

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4:20pm

Tue June 26, 2012
Crisis In The Housing Market

Sinking Under A $10,000 Monthly Mortgage Payment

Originally published on Wed June 27, 2012 6:50 pm

The nation's housing crisis has touched countless people. Increasingly, the well-off are among them.

Housing counselors around the country say they are seeing more people struggling to keep their million-dollar homes. It's a twist on a familiar story of hardship — but one that involves some very big numbers.

Moving Up, Falling Down

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4:03am

Thu June 21, 2012
Crisis In The Housing Market

Bidders Get Feisty Over Foreclosed Homes

Originally published on Thu June 21, 2012 6:21 am

Daily auctions are held on foreclosed properties in front of the county courthouse in Corona, Calif. About 80 bidders, representing investors, show up to bid on properties.
Yuki Noguchi NPR

For-sale homes in California are sparse, even in areas with high foreclosure rates. It has led to buyers like Jennifer Bryant, who is willing to throw money at just about anyone willing to sell her a house.

Since February, Bryant has made 35 offers on homes in Riverside, only to be elbowed out by other bids. With few houses available and many bidders chasing these properties, she feels she has, at most, an hour to consider each house.

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4:48pm

Wed June 6, 2012
Business

Good Times For Airlines, So Where Are The Deals?

Originally published on Wed June 6, 2012 7:29 pm

A Delta Air Lines flight takes off from the Ronald Regan National Airport in Washington, D.C. As the price of oil trickles down, the airline industry is projected to have a historic good year.
Jewel Samad AFP/Getty Images

The rest of the economy may not be doing great, but airlines are expecting a banner year. Profitability is up and fuel prices are declining, but that's not necessarily great news for consumers.

When Robert Herbst, a former pilot and industry consultant for many years, says the skies are blue, it sounds pretty convincing. And from Herbst's projections, this may be a historic year for the airline industry.

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6:32am

Sun May 27, 2012
Economy

Help Wanted. But Not For Mid-Level Jobs

Originally published on Sun May 27, 2012 7:49 pm

Job seekers fill out applications at a job fair in the Queens borough of New York City earlier this month. Economists say jobs in the middle — in sales, administration and assembly, for example — are being squeezed.
Spencer Platt Getty Images

Unemployment figures for May come out Friday. While the numbers will show how many jobs have been added or lost, they won't tell us much about the quality of positions filled or illustrate what economists already know: that the middle of the job market is hollowing out.

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2:50am

Thu May 24, 2012
Around the Nation

Teaching Teens To Build Hammers Home A Message

Originally published on Thu May 24, 2012 6:17 am

Domingo Williams, a participant in the Sasha Bruce Youthwork program, gathers wood to help rebuild a gutted house in the Southeast neighborhood of Washington, D.C.
Emily Bogle NPR

Teenagers in Washington, D.C., face tough odds getting a job. According to the Bureau of Labor Statistics, nearly half of those looking for work can't find it — the highest rate in the country.

Sasha Bruce Youthwork, an organization that works with troubled teens in the district, is trying to address that problem by training young people in the construction trades.

The group has enlisted an army of volunteers and a handful of trainees for what it calls a "blitz build" — an effort to rebuild a gutted house in a single day.

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3:29am

Thu May 17, 2012
The Salt

Betting Better Fake Chicken Meat Will Be As Good As The Real Thing

Originally published on Thu May 17, 2012 9:49 pm

Those who've tried it say fake chicken salad looks and tastes like the real thing.
Yuki Noguchi NPR

Beyond Meat, a new company based in Maryland, has come up with an alternative to chicken meat that it claims is a dead ringer for the real thing. And unlike other meat alternatives on the market, this one aims to be cheap as well as tasty.

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4:52am

Wed May 16, 2012
NPR Story

Majority Of Shareholders Still Support JPMorgan Chase

Originally published on Wed May 16, 2012 6:47 am

JPMorgan Chase hosted its annual shareholder meeting in Tampa Tuesday, and it was the first chance for shareholders to weigh in on the banks problems. News the bank lost at least $2 billion in a botched trading strategy gave fresh fodder to critics who want banks to be more tightly regulated.

5:46pm

Tue May 15, 2012
Business

Shareholders Press JPMorgan Over Risk-Taking

Protesters are seen behind a banner with a picture of JPMorgan Chairman and CEO Jamie Dimon outside a shareholders meeting Tuesday in Tampa, Fla.
Joe Raedle Getty Images

JPMorgan Chase faced more critics Tuesday, this time from some of its own shareholders at its annual meeting in Tampa, Fla. This comes after the bank disclosed it lost at least $2 billion last week in a bungled trading strategy.

The Securities and Exchange Commission is looking into the surprise loss, and the Justice Department has now reportedly opened a preliminary probe.

JPMorgan executives let shareholders do some venting at Tuesday's meeting.

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5:39am

Fri May 11, 2012
Business

Post Office Reports Another Quarter Of Losses

Originally published on Fri May 11, 2012 7:10 am

The Postal Service announced Thursday that it lost more than $3 billion during the first three months of the year. Post office officials are pushing Congress to give it more authority to cut some of its burgeoning costs.

5:24pm

Wed May 9, 2012
Economy

Foreclosure Review Is Free, But Few Borrowers Apply

Originally published on Wed May 9, 2012 7:19 pm

A foreclosed home in Los Angeles. More than 4 million homeowners nationwide are eligible for an independent review of their foreclosure process, but only a small percentage have applied to the program.
Damian Dovarganes AP

It's been more than six months since government regulators and banks first extended an offer to 4.3 million homeowners facing foreclosure: to review, at no cost, the foreclosure process to check for any possible errors or misrepresentations.

Homeowners stand to collect compensation of as much as $100,000 if errors are found. But thus far, only a tiny percentage of those eligible have signed up.

'Not Enough Folks Have Signed Up'

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5:21am

Tue May 8, 2012
Business

Mortgage Update

Originally published on Tue May 8, 2012 10:03 am

Bank of America is offering to reduce an average $150,000 in principal for borrowers who qualify, a bank official says.
Chuck Burton AP

Bank of America is offering about 200,000 homeowners a chance to wipe out a big chunk of their mortgage debt. The offers are part of the settlement Bank of America and other major banks reached with state and federal regulators earlier this year, and it's one of the biggest principal forgiveness opportunities so far.

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3:02am

Thu April 26, 2012
Crisis In The Housing Market

For Some, 'Frustration' Over Mortgage Settlement

Originally published on Thu April 26, 2012 9:21 am

A sign stands in front of a bank-owned home in Las Vegas. Housing counselors say the $25 billion mortgage settlement between major banks and the states has yet to make an impact in communities around the U.S.
Jae C. Hong AP

Earlier this month, a judge approved a settlement between five major banks and nearly all of the state attorneys general. The banks admitted to taking shortcuts — or "robo-signing" documents — as they pushed through some foreclosures.

Most of the $25 billion settlement is supposed to go toward reducing mortgage payments for some troubled homeowners. But lots of other programs have promised to help struggling homeowners in the past, and results have been disappointing.

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4:50pm

Wed March 28, 2012
Crisis In The Housing Market

Spring Brings Some Green Shoots In Housing Market

Originally published on Fri March 30, 2012 2:14 pm

A recently sold home in Palo Alto, Calif. Home inventory is declining nationwide, and real estate agents say they are seeing more interest among would-be buyers.
Paul Sakuma AP

Housing prices are still declining, but many analysts see some signs for optimism in the housing market. The mild spring has brought buyers out earlier than usual, and real estate agents are busy.

Doug Azarian is one of them. One of his clients recently signed a deal on a $1.5 million house in Cape Cod, Mass. — a contemporary waterfront property with three bedrooms.

"The buyers came in, and they loved it from the minute they walked in the door," Azarian says.

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12:01am

Tue March 27, 2012
Shots - Health Blog

Uninsured Will Still Need The Money To Meet The Mandate

Originally published on Tue March 27, 2012 7:32 pm

A bulletin board in New York's Jamaica Hospital offers advice for uninsured patients.
Seth Wenig AP

On Tuesday, the Supreme Court hears its second day of testimony about the Affordable Care Act. At issue is a central tenet of that law: whether it's legal to require individuals to purchase health care.

But apart from the legal debate, there are questions about the economics of the mandate. Some — like Peggy Bodner of Portland, Ore. — worry it may be difficult to find the money to pay for health insurance, even with government subsidies.

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12:01am

Fri March 16, 2012
Crisis In The Housing Market

Foreclosure Influx Causes Backlog In Some States

A padlock hangs from a door of a foreclosed home in Islip, N.Y. The time a foreclosure will take from start to finish varies widely from state to state.
Spencer Platt Getty Images

Real estate is about location, location, location. And foreclosure is no different. Depending on the state, it can take an average of three months or three years to process a foreclosure. And the disparity in how states deal with foreclosures is getting bigger.

The fate of thousands of troubled homeowners in Central Florida rests in the hands of Lee Haworth, foreclosure administrative judge for Florida's 12th Judicial Circuit. "We were hit pretty hard," Haworth says.

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3:00pm

Wed March 14, 2012
Business

Goldman Faces Criticism From One Of Its Own

Transcript

MELISSA BLOCK, HOST:

This is ALL THINGS CONSIDERED from NPR News. I'm Melissa Block.

ROBERT SIEGEL, HOST:

And I'm Robert Siegel. Goldman Sachs is once again defending itself against allegations that the company makes money by putting its own interests ahead of clients. This time, the accusation comes from one of Goldman Sachs' own.

Greg Smith, a Goldman employee in London, resigned publicly today on the op ed page of the New York Times. He wrote that the bank's culture is toxic and its employees talk callously about ripping off clients.

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4:15pm

Thu March 8, 2012
Business

Small Businesses Staying Lean, Wary Of Hiring

Originally published on Thu March 8, 2012 6:11 pm

Robby Richardson crafts handmade stirrups for Nettles Country in Madisonville, Texas. The company would like to hire more workers, but can't afford to.
Courtesy of Nettles Country

Optimism is growing about the U.S. jobs market. Fewer people are applying for unemployment benefits, and hiring is up. The lion's share of new jobs are coming from small and medium-sized firms. But even if the economy comes roaring back, many small businesses aren't likely to hire with wild abandon.

"It's a huge commitment, when you're a very small firm, to add someone," says Kate O'Sullivan, director of content for CFO magazine. "And I think that the outlook is still not completely firm."

Doing More With Less

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5:40pm

Wed February 29, 2012
Crisis In The Housing Market

Fannie, Freddie Won't Write Down Mortgage Principal

Many experts say reducing mortgage principal can help troubled homeowners stay in their homes. But two of the nation's largest mortgage holders, Fannie Mae and Freddie Mac, have not signed on to the idea.
Justin Sullivan Getty Images

Despite some green shoots in the economy, the housing sector remains weak. With 11 million Americans still underwater on their mortgages, some housing experts believe it's time for more dramatic solutions.

The idea of reducing the principal on the loans of underwater homeowners used to be a fringe concept, embraced by a few outliers. Today, many policymakers believe principal reduction is necessary to keep some troubled homeowners afloat.

But so far, the nation's biggest mortgage holders, Fannie Mae and Freddie Mac, haven't embraced the idea.

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3:31am

Wed February 29, 2012
Business

Identity Theft A Growing Concern For Businesses

Fake business listings and other forms of business identity theft are a growing concern, causing real business owners to worry about protecting reputations and losing customers.
Justin Sullivan Getty Images

You've heard of identity theft — someone using a person's credit information or a Social Security number for ill-gotten gains. Well, experts say similar crimes are also affecting businesses.

Business identity theft involves posing as a legitimate business in order to get access to credit lines or steal customers. Experts believe that the practice has become more prevalent in the past two years.

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