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
4:00 am
Wed March 28, 2012

Enbridge, Enterprise To Increase Pipeline Capacity

Transcript

RENEE MONTAGNE, HOST:

And the controversial Keystone XL pipeline, whose construction has been delayed over environmental concerns, could now face some competition.

As NPR's John Ydstie reports, two companies have announced plans to build pipelines that would carry out the same service as the XL, channeling oil from Canada's tar sands to refineries in the Gulf of Mexico.

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The Two-Way
11:45 am
Fri March 23, 2012

Why Gas Prices Are Rising Even As Demand Is Down

The prices at a gas station in Los Angeles earlier this month.
Frederic J. Brown AFP/Getty Images

On Morning Edition this week we looked at "What's Making Americans Less Thirsty for Gasoline?"

Now let's examine another important question: "If our demand for gasoline is falling, why are prices in the U.S. rising?"

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Energy
5:04 am
Thu March 22, 2012

What's Making Americans Less Thirsty For Gasoline?

Growing demand for more fuel-efficient cars and trucks, like these 2009 Dodge Journey crossover vehicles, has helped drive down gasoline consumption in the U.S.
David Zalubowski AP

Originally published on Fri March 23, 2012 7:03 am

The price of gasoline keeps rising for Americans, but it's not because of rising demand from consumers.

Since the first Arab oil embargo of the 1970s, the U.S. has struggled to quench a growing appetite for oil and gasoline. Now, that trend is changing.

"When you look at the U.S. oil market, you see that there's actually no growth," says Daniel Yergin, chairman of IHS Cambridge Energy Research Associates.

He says gasoline demand peaked in 2007 and has fallen each year since, even though the economy has begun to recover.

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Economy
8:00 am
Sat March 17, 2012

Markets Hit Milestones; Goldman Sachs Gets Bashed

Transcript

JACKI LYDEN, HOST:

This is WEEKEND EDITION from NPR News. I'm Jacki Lyden. Checking on your retirement and mutual fund statements is getting a bit less scary. The stock market cleared another hurdle this week with the S&P 500 closing above 1,400 for the first time in almost four years, and the Dow Jones Industrials up almost 25 percent from in recent low back in early October. NPR's John Ydstie is here to tell us what's driving the market. John, thank you for coming in.

JOHN YDSTIE, BYLINE: You're welcome, Jacki.

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Energy
12:01 am
Wed March 7, 2012

Is U.S. Energy Independence Finally Within Reach?

A worker hangs from an oil derrick near Williston, N.D. The state now produces 500,000 barrels of crude oil per day, and production continues to rise.
Gregory Bull AP

Originally published on Wed March 7, 2012 8:17 pm

Rising gas prices have been the big energy story of the past several weeks. But many energy experts say that's a sideshow compared with the really big energy event — the huge boom in oil and natural gas production in the U.S. that could help the nation reach the elusive goal of energy independence.

Since the Arab oil embargo of 1973, energy independence has been a Holy Grail for virtually every American president from Richard Nixon to Jimmy Carter to Barack Obama.

But now, it might just be within reach.

The Shale Gale

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Economy
3:13 pm
Mon February 20, 2012

With Business Up, Owners Say Banks Lending Again

Originally published on Tue February 21, 2012 11:26 am

A big reason for the slow recovery has been that the nation's battered banks haven't been able or willing to lend. There are signs that's changing and that bank lending is helping to support stronger growth.

Paul Kasriel, chief economist at Northern Trust, a Chicago-based bank, say his reading of Federal Reserve data has convinced him that banks have finally taken the baton from the Fed and are now making credit more available.

"We've seen a sharp increase in business loans on the books of banks," he says.

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Economy
12:01 am
Fri January 13, 2012

In GOP Campaign, Private Equity Firms Draw Flak

Originally published on Fri January 13, 2012 12:20 pm

Was Mitt Romney a job-creating turnaround artist? Or was he, as some on the campaign trail have said, a "vulture capitalist"? That question has become a top issue in the Republican presidential primaries.

In the 1980s, Romney ran a private equity firm called Bain Capital. It's an industry where it's hard to avoid getting your hands dirty.

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Economy
3:54 pm
Wed December 28, 2011

From Boom To Bust: The Year In Unemployment

In April, the Brooklyn Job Fair drew thousands of participants, including nearly 80 employers. That same month saw unemployment jump to 9 percent from 8.8 percent in March.
Spencer Platt Getty Images

Originally published on Wed December 28, 2011 7:32 pm

It may be hard to remember, but 2011 began with a bang on the jobs front. The White House seemed ready to break out the champagne when February's job growth report came out showing unemployment at the lowest in nearly two years.

But that celebratory mood didn't last long.

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Law
3:00 pm
Fri December 16, 2011

SEC Charges Ex-Fannie Mae, Freddie Mac CEOs

The Securities and Exchange Commission is going after former top executives at Fannie Mae and Freddie Mac for allegedly committing securities fraud.

The mortgage giants had to be taken over by the government in 2008 and then propped up by taxpayers. The SEC says the officials misled investors about the firm's exposure to subprime mortgages

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Still No Job: Over A Year Without Enough Work
12:01 am
Mon December 12, 2011

The State Of The Long-Term Unemployed

People wait to see a career adviser at a training center operated by the New York Department of Labor in New York City. NPR and the Kaiser Family Foundation conducted a survey on the emotional, physical and financial effects of being without work for a year or more. Nearly 70 percent of respondents would like the government to offer more job training opportunities.
Spencer Platt Getty Images

Originally published on Mon December 12, 2011 12:02 pm

Millions of Americans wake up each morning without a job, even though they desperately want to work. It's one of the depressing legacies of the financial crisis and Great Recession.

NPR and the Kaiser Family Foundation conducted a poll of people who had been unemployed or with an insufficient level of work for more than a year. The results document the financial, emotional and physical effects of long-term unemployment and underemployment.

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