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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Business
7:19 pm
Thu April 30, 2015

Health Insurer Aetna Raises Wages For Lowest-Paid Workers To $16 An Hour

Aetna announced one of its largest pay hikes recently. CEO Mark Bertolini says he believes it largely could pay for itself by making workers more productive.
Courtesy of Aetna

Originally published on Fri May 1, 2015 3:56 pm

Prospects for low-wage workers at some large companies have improved recently as both Walmart and McDonald's announced pay hikes, but one of the most significant announcements came at Aetna.

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Law
3:37 pm
Wed April 22, 2015

Closing Arguments Begin In AIG Bailout Case

Originally published on Wed April 22, 2015 6:59 pm

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

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ROBERT SIEGEL, HOST:

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Europe
4:26 pm
Tue April 14, 2015

When Rates Turn Negative, Banks Pay Customers To Borrow

Earlier this year, the European Central Bank, headed by Mario Draghi, launched a bond-buying program to drive down interest rates and boost borrowing.
Emmanuel Dunand AFP/Getty Images

Originally published on Fri April 17, 2015 1:13 pm

So what if the bank paid you to take out a loan? That's what's happening in some European countries, where interest rates have gone negative amid efforts by central bankers to boost economic activity.

NPR's Audie Cornish spoke with NPR's John Ydstie about this unusual turn of financial events.

Audie Cornish: What's going on?

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Shots - Health News
4:47 pm
Tue April 7, 2015

Many Obamacare Policyholders Face Tax Surprises This Year

Depending on the amount taken in subsidies, or changes in reported income and family status, some Obamacare policyholders this year will get a bigger refund than expected and others will owe more in taxes.
Carolyn Kaster AP

Originally published on Tue April 7, 2015 6:54 pm

The old saying goes, "Nothing is certain except death and taxes." But the Affordable Care Act has added a new wrinkle.

For many policyholders, the ACA has introduced a good deal of uncertainty about their tax bills. That has led to surprise refunds for some and higher-than-expected tax payments for others.

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Economy
2:44 am
Fri April 3, 2015

March Employment Report Shows Growth — But Disappointing Numbers

Originally published on Fri April 3, 2015 3:13 pm

Editor's note: This story was updated following the 8:30 a.m. ET release of the employment report.

The pulse of the U.S. job market was revealed Friday morning, when the government released employment data for March. Employers added a disappointing total: just 126,000 jobs.

Prior to March, it had been quite a run for the U.S. job market. The economy had added more than 200,000 jobs every month, maintaining a level of job creation that hasn't been seen since a 13-month run back in 1994-95.

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Economy
5:07 pm
Wed March 18, 2015

Federal Reserve Says Job Market Conditions Have Improved

Originally published on Wed March 18, 2015 5:27 pm

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

Economy
4:11 am
Fri March 6, 2015

Economy Adds Almost 300K Jobs, Amid Another Strong Report

Originally published on Fri March 6, 2015 9:40 am

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

U.S.
4:06 pm
Wed March 4, 2015

A Ruling Against Obamacare Would Have Broad Implications

Supporters of the Affordable Care Act gather in front of the U.S Supreme Court during a rally Wednesday. The court heard arguments in the case and is expected to announce its decision in June.
Alex Wong Getty Images

Originally published on Wed March 4, 2015 7:29 pm

The Supreme Court heard arguments Wednesday in a case that could end Obamacare subsidies for policyholders in a majority of states, including Texas, Florida, Illinois, Pennsylvania and Ohio. If the court sides with the plaintiffs, it would mean millions of people could no longer afford health insurance.

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Business
5:48 pm
Thu February 19, 2015

As Oil Prices Tank, Firms Large And Small Feel The Pain

An oil well in Garden City, Texas. With prices plunging, oil companies are laying off thousands of workers.
Spencer Platt Getty Images

Originally published on Thu February 19, 2015 7:13 pm

It's a painful time to be in the oil business. With the price of crude oil about half what it was six months ago, companies large and small are being pressured to cut costs.

On the front lines are oil services companies that do everything from drilling to providing electrical power at well sites. Hundreds of thousands of jobs are threatened as companies try to adjust.

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Energy
3:39 pm
Thu February 12, 2015

Low Oil Prices Great For Consumers, Less So For Investors

Originally published on Thu February 12, 2015 5:26 pm

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

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RACHEL MARTIN, HOST:

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Economy
2:34 am
Mon February 9, 2015

Oil Price Dip, Global Slowdown Create Crosscurrents For U.S.

Oil pumpjacks are seen in McKenzie County in western North Dakota. Cuts in production and energy company payrolls will cost the U.S. economy up to $150 billion, economist David Kotok of Cumberland Advisors projects.
Matthew Brown AP

Originally published on Mon February 9, 2015 7:48 am

Continued job growth has boosted prospects for the U.S. economy, but it continues to face some tricky crosswinds. The big drop in oil prices and a stronger dollar both help the economy and hurt it. Add to that the recent slowdown in global growth.

Lots of economists have suggested the big drop in oil prices is a gift to consumers that will propel the economy. David Kotok of Cumberland Advisors is one of them. He argues that cheaper oil will ultimately be a positive.

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Economy
4:28 pm
Fri February 6, 2015

U.S. Jobs Picture Finally Getting Back To Normal

Originally published on Sat February 7, 2015 1:24 pm

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

Transcript

AUDIE CORNISH, HOST:

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Economy
10:07 am
Fri February 6, 2015

Oil Industry Sees Layoffs, Even As Jobs Numbers Rise Elsewhere

Originally published on Fri February 6, 2015 10:25 am

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

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RENEE MONTAGNE, HOST:

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U.S.
5:52 pm
Mon January 26, 2015

Obama's Arctic Refuge Drill Ban Won't Change Much, For Now

A herd of caribou begins the long trek across the Arctic plains in the Arctic National Wildlife Refuge.
Peter Mather SN/Landov

Originally published on Tue January 27, 2015 11:14 am

President Obama says he will ask Congress to give wilderness status to protect more than 12 million acres of the Arctic National Wildlife Refuge. The president announced his intention Sunday in a video, describing the area as a pristine habitat with abundant wildlife.

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Economy
11:06 am
Thu January 22, 2015

European Central Bank Launches Stimulus Plan

Originally published on Thu January 22, 2015 12:08 pm

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

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