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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Economy
6:39 am
Fri April 4, 2014

March Unemployment Rate Unchanged At 6.7 Percent

Originally published on Fri April 4, 2014 12:10 pm

The Labor Department said U.S. employers added 192,000 jobs in March, which is seen as a sign that the economy is rebounding. The unemployment rate remained steady at 6.7 percent.

Health Care
4:30 pm
Tue April 1, 2014

Beyond The Fog Of Spin And Doubt: What Has ACA Achieved?

Originally published on Tue April 1, 2014 7:58 pm

Transcript

MELISSA BLOCK, HOST:

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

ROBERT SIEGEL, HOST:

And I'm Robert Siegel in Washington, where President Obama cheered the Affordable Care Act today.

PRESIDENT BARACK OBAMA: Despite several lost weeks out of the gate because of problems with the website, 7.1 million Americans have now signed up for private insurance plans through these marketplaces.

(SOUNDBITE OF CHEERING)

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Business
4:59 pm
Wed March 12, 2014

Health Care Law Helps Entrepreneurs Quit Their Day Jobs

The Affordable Care Act could encourage people to start new businesses by solving an age-old problem: job lock.
iStockphoto.com

Originally published on Thu March 13, 2014 6:37 am

The Affordable Care Act — which many see creating challenges for businesses — could benefit a particular group of business people: entrepreneurs.

Joshua Simonson was reluctant to give up his job at a Portland, Ore., area grocery store, New Seasons Market, which he says had provided excellent health care for him and his family. He had a pre-existing condition that has prevented him from getting insurance in the private market, but one key development helped convince him to quit and start a farm.

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Economy
11:39 am
Fri March 7, 2014

February Job Growth Beats Expectations; Jobless Rate Ticks Up

Transcript

DAVID GREENE, HOST:

It was pretty clear that the recent bout of winter weather that many of us have seen was going to have an effect on job growth in February. The question was how much. And it turns out less than expected. That's the message from the government's monthly employment report that's out today. It found that U.S. employers added 175,000 jobs to their payrolls last month. As NPR's John Ydstie reports, it's more than expected.

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Around the Nation
5:02 am
Fri March 7, 2014

Weather Expected To Effect February Jobs Report

Originally published on Fri March 7, 2014 11:39 am

Transcript

DAVID GREENE, HOST:

The recent bout of winter weather that many of us have felt has hit the U.S. economy. Winter storms cooled job growth in February. The only question is by how much. Economists, investors and job seekers are looking to today's employment report from the government for an answer. NPR's John Ydstie says their predictions have been dampened by the weather too.

JOHN YDSTIE, BYLINE: John Sylvia is the top economist for Wells Fargo. His forecast for job growth in February has been pounded down by the weather.

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Economy
5:21 am
Fri February 28, 2014

CBO Assesses Affordable Care Act's Economic Effects

Originally published on Fri February 28, 2014 7:27 am

Transcript

DAVID GREENE, HOST:

On a Friday, this is MORNING EDITION, from NPR News. I'm David Greene.

The Affordable Care Act will change the way millions of Americans think about their jobs. That's essentially what the Congressional Budget Office has said in its assessment of the law's effect on the economy. They think the law will give some people the option to retire early and others the flexibility to work less.

As NPR's John Ydstie reports, this is already happening.

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Health Care
5:03 am
Tue February 18, 2014

More U.S. Companies Switch To High Deductible Health Plans

Originally published on Tue February 18, 2014 11:03 am

Transcript

RENEE MONTAGNE, HOST:

It's MORNING EDITION, from NPR News. I'm Renee Montagne.

DAVID GREENE, HOST:

And I'm David Greene. Good morning.

The cost of health care in this country seems to be coming under control. Health care spending, while still on the rise, has increased at historically levels the last few years, which makes you wonder: Why aren't we feeling it?

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Business
11:26 am
Fri February 7, 2014

Jobs Report: Unemployment Ticks Down; Payrolls Tick Up

Transcript

DAVID GREENE, HOST:

This is MORNING EDITION from NPR News. I'm David Greene.

RENEE MONTAGNE, HOST:

I'm Renee Montagne. And this morning brought another surprisingly weak jobs report. The government says the U.S. economy added just 113,000 jobs in January. That follows just 75,000 jobs in December. Those numbers are way below the average monthly job creation for most of 2013 and it has lots of people worried the economy may be losing steam. NPR's John Ydstie joins us again to talk about it. Good morning.

JOHN YDSTIE, BYLINE: Hi, Renee.

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Economy
5:03 am
Fri February 7, 2014

January Unemployment Numbers Expected To Rebound

Originally published on Fri February 7, 2014 11:26 am

Transcript

DAVID GREENE, HOST:

On a Friday this is MORNING EDITION from NPR News. I'm David Greene.

RENEE MONTAGNE, HOST:

And I'm Renee Montagne. There's lots of anticipation about the government's monthly jobs report that will be released later this morning. Last month's job creation numbers were very disappointing - just 74,000 jobs added to the payroll - far below the recent monthly averages. NPR's John Ydstie joined us to talk about job creation and what it's telling us about the economy. Good morning.

JOHN YDSTIE, BYLINE: Hi, Renee.

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Economy
4:23 am
Thu February 6, 2014

Reining In Health Care Costs Key To Trimming Deficit

Originally published on Thu February 6, 2014 1:47 pm

The Congressional Budget Office earlier this week said this year's deficit is likely to be about one-third the size it was in 2009, when the Great Recession bottomed out. A recovering economy is the main reason for the deficit's improvement, but moderating health care costs have also contributed.

Harvard economist and health policy specialist David Cutler says getting the federal government's finances under control is all about health care.

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Health Care
5:40 pm
Tue February 4, 2014

Is Obamacare A Job Killer? New Estimates Suggest It Might Be

Originally published on Tue February 4, 2014 8:00 pm

A new front has opened in the political battle over the Affordable Care Act, with Tuesday's release of the Congressional Budget Office's annual budget and economic outlook. The economists updated an earlier estimate about how many workers would leave the workforce because they no longer needed a job to have health care coverage — revising upward from 800,000 people to over 2 million people. Republicans pounced on the higher number, and President Obama now finds himself playing defense.

Economy
5:22 pm
Fri January 31, 2014

After Overcoming Early Obstacles, Yellen Assumes Fed's Top Job

Janet Yellen smiles as President Obama announces her nomination for Federal Reserve chairwoman on Oct. 9.
Jewel Samad AFP/Getty Images

Originally published on Fri January 31, 2014 7:51 pm

Ben Bernanke hands over the reins at the Federal Reserve to Janet Yellen on Friday. The Fed's vice chairwoman will be the first female ever to lead the nation's central bank. It's a position many view as the second most powerful in the country.

The world of central banking is largely a man's world. But Yellen has been undeterred by such barriers since she was in high school in Brooklyn. Charlie Saydah, a former classmate, says she was probably the smartest kid in the class. Yellen was "clearly smart, and she was smart among a lot of smart kids," he says.

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Economy
3:31 am
Mon January 27, 2014

Bernanke's Fed Legacy: A Tenure Full Of Tough Decisions

Outgoing Federal Reserve Chairman Ben Bernanke spoke about the Federal Reserve's first and next century on Thursday at the Brookings Institution in Washington.
Manuel Balce Ceneta AP

Originally published on Mon January 27, 2014 7:25 am

Federal Reserve Chairman Ben Bernanke will preside over his last Fed policy-making meeting on Tuesday and Wednesday. On Saturday morning, the first woman ever to lead the nation's central bank, Janet Yellen, will take over.

There's no doubt that during his two terms as chairman, Bernanke faced a challenge unlike any Fed chairman since the Great Depression: a global financial crisis that threatened to become financial Armageddon and followed by a deep recession.

Bernanke talked about how he survived it all during an appearance at the Brookings Institution recently.

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Business
5:16 am
Fri January 10, 2014

Alcoa To Pay $384 Million Penalty For Bahrain Bribes

Originally published on Fri January 10, 2014 12:45 pm

Transcript

STEVE INSKEEP, HOST:

And let's keep talking about international trade here. The American aluminum giant Alcoa and one of its subsidiaries will pay $384 million in fines to the United States government for engaging in corrupt practices overseas.

The payment is part of a settlement in a bribery case involving the royal family of Bahrain.

NPR's John Ydstie reports.

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Business
4:59 am
Tue January 7, 2014

In 2012, Health Care Costs Grow More Slowly Than U.S. Economy

Originally published on Wed January 8, 2014 6:56 am

Transcript

RENEE MONTAGNE, HOST:

It's MORNING EDITION from NPR News. Good morning, I'm Renee Montagne.

DAVID GREENE, HOST:

I'm David Greene.

We have been hearing for, well, what feels like forever about skyrocketing health care costs. It's at the center of debates in Washington and state capitals. And many people feel the impact on their wallets and pocketbooks. But here's this reality: Spending on health care, while still going up, appears to be rising more slowly. 2012 was the fourth straight year of modest growth.

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