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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4:31pm

Thu July 30, 2015
Energy

Shell Announces Plans To Eliminate 6,500 Jobs

Originally published on Thu July 30, 2015 6:42 pm

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

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Oil companies are coming to terms with the prospect that oil prices could stay low for years. Today, Royal Dutch Shell announced it's laying off 1,600 workers. NPR's John Ydstie reports.

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7:24pm

Mon July 27, 2015
Business

China's Stock Market Suffers Largest Drop In 8 Years

Originally published on Tue July 28, 2015 5:40 am

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5:09pm

Fri July 24, 2015
Health

Health Insurer Anthem To Buy Rival Cigna For Nearly $50 Billion

Originally published on Fri July 24, 2015 8:22 pm

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6:23pm

Tue July 21, 2015
Business

5 Years Later, Legacy Of Financial Overhaul Still Being Weighed

Originally published on Wed July 22, 2015 5:57 pm

President Obama signs the Dodd-Frank financial overhaul bill in Washington on July 21, 2010. Five years later, debate over the effectiveness of the legislation continues.
Charles Dharapak AP

Five years ago Tuesday, President Obama signed into law the massive overhaul of U.S. financial regulations called Dodd-Frank. But there's still a battle over whether the law has helped stabilize the financial system or whether it has harmed the economy and should be rolled back.

Congress designed Dodd-Frank to fix excesses in financial markets and mortgage lending — excesses that triggered the financial crisis and forced massive bailouts of Wall Street firms.

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5:36am

Fri July 17, 2015
Business

What Lifting Iran's Sanctions Means For U.S. Businesses

Originally published on Sun July 19, 2015 10:01 pm

A man walks past a poster advertising travel to Tehran, Iran, in Los Angeles on July 14. A nuclear deal between Iran and six world powers lifts some sanctions against Iran, but most U.S. sanctions will remain in place.
Lucy Nicholson Reuters/Landov

Since news of the Iran nuclear deal broke, lots of business clients have been calling up Washington lawyer William McGlone, a specialist in trade law and economic sanctions. He says he's been forced to give them a bit of a cold shower.

"There's this expectation, or assumption, in the business community that the sanctions are being lifted," he says, "when, in fact, the U.S. legal framework is scheduled to remain in place."

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5:01pm

Wed July 15, 2015
Economy

Janet Yellen Tells House Panel Interest Rate Hike Likely Later This Year

Originally published on Wed July 15, 2015 8:01 pm

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6:47pm

Tue May 19, 2015
Business

Pressure To Act Unethically Looms Over Wall Street, Survey Finds

Originally published on Tue May 19, 2015 7:06 pm

A new survey of financial professionals tends to confirm the widely held belief that the financial industry has an ethics problem.

Among the more than 1,200 financial professionals in the U.S. and Britain who were surveyed, about half the respondents believe their competitors in the industry have behaved unethically or illegally to gain an advantage in the market.

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5:38pm

Tue May 12, 2015
Your Money

You've Saved Money At The Pump. Why Aren't You Spending It?

Originally published on Sun May 17, 2015 7:48 pm

A customer fuels his car at a gas station in Pembroke, Mass. Economists say Americans have been slow to spend the money they saved from lower energy prices.
Stephan Savoia AP

Even though it's crept up in the past couple of months, the price of a gallon of gasoline is still about $1 less than it was a year ago. That's saving drivers $15 to $20 every time they fill up.

Economists were quite convinced late last year that would boost growth because consumers would go out and spend that extra money. But things have not unfolded exactly as forecast.

There's no doubt the plunge in oil prices and the lower costs for gasoline, heating oil and natural gas gave consumers a big windfall.

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6:30am

Fri May 8, 2015
Economy

Recovering From A Rough March, Economy Adds 223,000 Jobs In April

Originally published on Fri May 8, 2015 9:00 am

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

8:19pm

Thu April 30, 2015
Business

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

Originally published on Fri May 1, 2015 4:56 pm

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

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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