John Ydstie

John Ydstie has covered the economy, Wall Street and the federal budget for NPR for two decades. In recent years NPR has broadened his responsibilities, making use of his reporting and interviewing skills to cover major stories like the aftermath of 9/11, Hurricane Katrina and the Jack Abramoff lobbying scandal. His current focus is reporting on the global financial crisis. Ydstie is also a regular guest host on the NPR news programs Morning Edition, All Things Considered, Weekend Edition and Talk of the Nation.

During 1991 and 1992 Ydstie was NPR's bureau chief in London. He traveled throughout Europe covering, among other things, the breakup of the Soviet Union and attempts to move Europe toward closer political and economic union. He accompanied U.S. businessmen exploring investment opportunities in Russia as the Soviet Union was crumbling. He was on the scene in The Netherlands when European leaders approved the Maastricht Treaty, which created the European Union.

In August 1990, Ydstie traveled to Saudi Arabia for NPR as a member of the Pentagon press pool sent to cover the Iraqi invasion of Kuwait. During the early stages of the crisis, Ydstie was the only American radio reporter in the country.

Ydstie has been with NPR since 1979. For two years, he was an associate producer responsible for Midwest coverage. In 1982 he became senior editor on NPR's Washington Desk, overseeing coverage of the federal government, American politics and economics. In 1984, Ydstie joined Morning Edition as the show's senior editor, and later was promoted to the position of executive producer. In 1988, he became NPR's economics correspondent.

During his tenure with NPR, Ydstie has won numerous awards. He was a member of the NPR team that received the George Foster Peabody for its coverage of 9/11. Ydstie's reporting from Saudi Arabia helped NPR win the Alfred I. duPont-Columbia University Award in 1991 for coverage of the Gulf War. Prior to joining NPR, Ydstie was a reporter and producer at Minnesota Public Radio. While there, he was awarded the Clarion Award for his report "Vietnam Experience and America Today."

A graduate of Concordia College, in Moorhead, MN, Ydstie earned a bachelor of arts degree, summa cum laude, with a major in English literature and a minor in speech communications.

Ydstie was born in Minneapolis, and grew up in rural North Dakota.

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Shots - Health News
6:26 pm
Fri October 25, 2013

For Obamacare To Work, It's Not Just About The Numbers

Ashley Hentze (left) gets help signing up for the Affordable Care Act from a volunteer in Florida. The government says that 40 percent of the expected enrollees for 2014 must be young and healthy for health insurance premiums to remain affordable.
Chris O'Meara AP

Originally published on Mon October 28, 2013 3:38 pm

Relatively few people have enrolled in new health insurance plans since the Affordable Care Act exchanges launched this month. But some health care experts say it's early days yet — and that getting the right proportion of healthy, young new enrollees is just as important as how quickly people sign up.

The Congressional Budget Office projects that 7 million people will buy health insurance for 2014 through the new exchanges, integral to the implementation of the government's new health care law.

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Economy
6:01 pm
Thu October 17, 2013

Wilted Reputations Left By Shutdown And Default Threat

Traders work on the floor of the New York Stock Exchange on Wednesday, in New York City.
Spencer Platt Getty Images

Originally published on Fri October 18, 2013 5:35 pm

President Obama said Thursday that the government shutdown and threat of default did unnecessary damage to both the U.S. economy and the country's reputation abroad.

Standard & Poor's concluded that the disruption subtracted about $24 billion from the economy and is likely to trim more than half a percentage point off growth in the final three months of the year.

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Economy
5:48 pm
Mon October 7, 2013

In A Debt Crisis, U.S. May Have To Decide Payment Priorities

House Republicans have proposed directing the Treasury Department to pay bondholders first if there is not enough money available to pay all the nation's debts.
Carolyn Kaster AP

Originally published on Wed October 9, 2013 12:02 pm

The government is just 10 days away from defaulting on its debt. Treasury Secretary Jack Lew has said that by Oct. 17, the department will likely have less money on hand than it needs to pay all its bills.

"The reality is that if we run out of cash to pay our bills, there is no option that permits us to pay all of our bills on time, which means that a failure of Congress to act would for the first time put us in a place where we're defaulting on our obligations as a government," Lew said on NBC's Meet The Press on Sunday.

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NPR Story
4:17 pm
Fri September 27, 2013

Is The Fed Chair Succession Too Politicized?

Originally published on Fri September 27, 2013 5:17 pm

Transcript

ROBERT SIEGEL, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel. There was once a time when naming a new Federal Reserve chairman was a non-event. Well, not this time. The competition between supporters for former Treasury secretary Larry Summers and the current vice chairman of the Fed, Janet Yellen has been a highly public affair.

As NPR's John Ydstie reports, there's concern that the high profile discussion could politicize the Fed succession in a way that could ultimately hurt the economy.

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Business
5:08 pm
Thu August 22, 2013

Is Government's Renewed Push On Mortgage Fraud Too Late?

Foreclosures increased dramatically as a result of risky subprime loans during the 2000s.
Justin Sullivan Getty Images

Originally published on Thu August 22, 2013 5:42 pm

"Remain aggressive." That's the message Attorney General Eric Holder says he has given to prosecutors around the country about pursuing wrongdoing by financial institutions — particularly, wrongdoing related to the financial crisis of 2008.

But as the five-year anniversary of the crisis approaches, the record of prosecutions against high-level Wall Street executives has been dismal.

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U.S.
5:13 pm
Mon August 19, 2013

3 Years Later, There's Still Work Left To Be Done On Dodd-Frank

Originally published on Mon August 19, 2013 6:58 pm

Transcript

AUDIE CORNISH, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.

Today, President Obama called all of the country's top financial regulators to the White House to get a progress report on implementation of the Dodd-Frank Act. That's the set of reforms that were passed following the financial crisis. With the fifth anniversary of the financial meltdown nearing, the president wants to communicate a sense of urgency about following through on the reforms.

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NPR Story
5:25 am
Tue July 30, 2013

Yellen Emerges As A Top Choice To Lead Federal Reserve

Originally published on Tue July 30, 2013 7:46 am

Janet Yellen is on President Obama's short list to replace Ben Bernanke at the Federal Reserve.

Business
5:29 pm
Wed July 24, 2013

Full-Time Vs. Part-Time Workers: Restaurants Weigh Obamacare

The California Tortilla chain is one company still deciding how to react to the new health care requirements for business, set to take effect next year.
John Ydstie NPR

Originally published on Wed July 24, 2013 7:21 pm

Many businesses that don't offer health insurance to all their employees breathed a sigh of relief earlier this month when they learned they'd have an extra year to comply with the new health care law or face stiff penalties.

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Economy
4:09 pm
Wed July 17, 2013

Bernanke Gives Economic Road Map With Uncertain Timeline

Originally published on Wed July 17, 2013 7:11 pm

Transcript

AUDIE CORNISH, HOST:

You're listening to ALL THINGS CONSIDERED from NPR News.

One month ago, Federal Reserve Chairman Ben Bernanke introduced the idea of winding down the Fed's massive stimulus programs. On that announcement, the markets tanked. Today, Bernanke said pretty much the same thing. But this time, the markets yawned.

As NPR's John Ydstie explains, the Fed chairman appears to have finally found the formula to ease Wall Street's concerns.

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Business
4:39 pm
Fri July 12, 2013

Boeing Takes Another Hit With Fire On Plagued 787 Dreamliner

Originally published on Fri July 12, 2013 6:19 pm

Transcript

AUDIE CORNISH, HOST:

An Ethiopian Airlines jet caught fire on the ground today at London's Heathrow Airport. It was a Boeing 787, also known as the Dreamliner, which has more than its share of troubles. The 787 has had serious problems with its lithium-ion batteries. In January, one overheated and another caught fire. The whole 787 fleet was grounded for more than three months after that.

Here's NPR's John Ydstie with more on what happened today.

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