Yuki Noguchi

Yuki Noguchi is a correspondent on the Business Desk based out of NPR's headquarters in Washington D.C. Since joining NPR in 2008, she's covered business and economic news, and has a special interest in workplace issues — everything from abusive working environments, to the idiosyncratic cubicle culture. In recent years she has covered the housing market meltdown, unemployment during the Great Recession, and covered the aftermath of the tsunami in Japan in 2011. As in her personal life, however, her coverage interests are wide-ranging, and have included things like entomophagy and the St. Louis Cardinals.

Prior to joining NPR, Yuki started her career as a reporter for The Washington Post. She reported on stories mostly about business and technology, and later became an editor.

Yuki grew up with a younger brother speaking her parents' native Japanese at home. She has a degree in history from Yale.

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2:29am

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 8:49 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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3:52am

Wed May 16, 2012
NPR Story

Majority Of Shareholders Still Support JPMorgan Chase

Originally published on Wed May 16, 2012 5:47 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.

4:39pm

Tue May 15, 2012
Business

Shareholders Press JPMorgan Over Risk-Taking

Originally published on Tue May 15, 2012 4:46 pm

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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4:14am

Fri May 11, 2012
Business

Postal Service Still Searching For Ways To Stem Losses

Originally published on Fri May 11, 2012 6:10 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.

4:24pm

Wed May 9, 2012
Economy

Foreclosure Review Is Free, But Few Borrowers Apply

Originally published on Wed May 9, 2012 6:19 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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4:21am

Tue May 8, 2012
NPR Story

Mortgage Update

Originally published on Tue May 8, 2012 9:03 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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2:02am

Thu April 26, 2012
Crisis In The Housing Market

For Some, 'Frustration' Over Mortgage Settlement

Originally published on Thu April 26, 2012 8:21 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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4:19am

Fri April 20, 2012
Business

Federal Reserve Delays Enforcement of Volker Rule

Originally published on Tue May 15, 2012 3:31 pm

Transcript

STEVE INSKEEP, HOST:

Some other news. The Federal Reserve and other banking regulators have granted banks a two-year grace period to come into compliance with the Volcker Rule. That's one of the provisions of the Dodd-Frank financial reform bill passed a couple of years ago. It restricts American banks from making trades that put the bank and depositor funds at risk.

But as NPR's Yuki Noguchi reports, regulators are struggling to iron out the details.

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3:50pm

Wed March 28, 2012
Crisis In The Housing Market

Spring Brings Some Green Shoots In Housing Market

Originally published on Fri March 30, 2012 1:14 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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11:01pm

Mon March 26, 2012
Shots - Health Blog

Uninsured Will Still Need The Money To Meet The Mandate

Originally published on Tue March 27, 2012 6:32 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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11:01pm

Thu March 15, 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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2:00pm

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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4:40pm

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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2:31am

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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11:01pm

Tue February 21, 2012
Business

New Consumer Agency Eyes Bank Overdraft Fees

Originally published on Wed February 22, 2012 8:49 am

Customers use Bank of America ATMs in New York. The head of the Consumer Financial Protection Bureau says it is looking into ways to help consumers limit their exposure to banks' overdraft fees.
Mark Lennihan AP

The Consumer Financial Protection Bureau says it's looking to overhaul rules on overdraft fees. The new agency will be seeking data from banks about how they handle overdrawn accounts, and how they assess fees. The agency plans to use this information to help consumers limit their exposure to these costly charges.

The CFPB estimates that last year, banks made between $15 billion and $22 billion from overdraft fees.

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