
John Ydstie
John Ydstie has covered the economy, Wall Street, and the Federal Reserve at NPR for nearly three decades. Over the years, NPR has also employed Ydstie's reporting skills to cover major stories like the aftermath of Sept. 11, Hurricane Katrina, the Jack Abramoff lobbying scandal, and the implementation of the Affordable Care Act. He was a lead reporter in NPR's coverage of the global financial crisis and the Great Recession, as well as the network's coverage of President Trump's economic policies. Ydstie has also been a guest host on the NPR news programs Morning Edition, All Things Considered, and Weekend Edition. Ydstie stepped back from full-time reporting in late 2018, but plans to continue to contribute to NPR through part-time assignments and work on special projects.
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 was one of the first reporters on the scene after Saddam Hussein's Iraqi army invaded Kuwait. He accompanied U.S. troops to Saudi Arabia as a member of the Pentagon press pool sent to cover the Iraqi invasion for U.S. media outlets.
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 Award for its coverage of Sept. 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. In 2016, Ydstie received a Gerald Loeb Award for financial reporting for his contributions to an NPR series on financial planning.
Prior to joining NPR, Ydstie was a reporter and producer at Minnesota Public Radio. Ydstie is a graduate of Concordia College in Moorhead, Minnesota, where he is now on the Board of Regents. He 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 groups around the world are studying the climate change agreement reached in Paris over the weekend. Many support the idea of taking steps to limit carbon emissions but are worried about how reductions will be implemented and enforced.
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The Federal Reserve has held interest rates at super low levels for years in an effort to bolster the economy, but it is expected to raise rates for the first time in seven years this week.
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Volkswagen announced Thursday that owners of its diesel vehicles involved in the emissions scandal will be compensated for the loss of resale value of their cars.
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Employers added 211,000 jobs to payrolls last month, setting the stage for a Federal Reserve interest rate increase later this month.
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Companies, once seen as an obstacle to or even an enemy of curbing emissions, now realize that tackling climate change can be good for their bottom line.
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In one of the biggest health care mergers ever, Pfizer says it has clinched a deal to buy Allergan for over $150 billion. Pfizer says it plans to move its headquarters to Dublin to avoid U.S. taxes.
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The German automaker is starting the process of making amends with its U.S. customer base. The company is offering $1,000 in cash and vouchers to owners of diesel vehicles implicated in the emissions scandal.
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Employers added 271,000 jobs in October. The pace of hiring far exceeded expectations, and may increase chances that the Federal Reserve will hike interest rates at its next meeting.
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There are nearly 500,000 diesel engine Volkswagen vehicles that will require a fix to bring them into compliance with U.S. air quality standards. It could be a challenge for states to entice reluctant owners to get their cars fixed.
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This is different from Kickstarter, which facilitates gifts, not investments. On the new federally regulated sites, you'll be able to make an investment, although there's no guarantee it will pay off.