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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A reality check today from Federal Reserve Chair Janet Yellen. She acknowledged that the U.S. economy is facing a higher level of risk than just a few months ago. NPR's John Ydstie reports.

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As the old saying goes, the stock market has predicted nine of the last five recessions. In other words, sharply falling stock markets are crying wolf about half the time.

Dyke Messinger, who runs a small manufacturing company in Salisbury, N.C., thinks stock investors have been overreacting during this sell-off.

"It is bizarre to me when we see what we believe is good core strength in the U.S. market," he says.

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Prices for U.S. crude fell more than 5 percent today, to less than $34 a barrel. And if that sounds really low to you, you're right. Oil prices haven't been that low in years. NPR's John Ydstie has more.

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The U.S. government reports another month of solid job growth. It happened in November, when employers added 211,000 jobs, according to the government. That sets the stage for the Federal Reserve to raise interest rates later this month. NPR's John Ydstie reports.

The business community is well-represented at the United Nations climate summit underway in Paris — and it will be much more engaged in finding positive solutions than ever before.

It's a far cry from the first large-scale U.N. conference to address climate change, which took place in Rio de Janeiro in 1992.

In the past, in fact, business often was an obstacle to action on climate change and seen more as an enemy than a partner.

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The latest report on the labor market is a really good one. Employers added 271,000 jobs in October - far more than expected. So we’re going to talk through what happened with NPR's John Ydstie who's in our studios. John, good morning.

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The idea of crowdfunding, raising money from lots of people on the Internet, got a boost from Washington on Friday. The Securities and Exchange Commission approved a system that allows small businesses and startups to solicit funding from small investors.

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The first thing to realize about financial advice is that it's not free — and it often costs more than you think. That's what Morra Aarons-Mele found when she decided to find a financial adviser after she inherited an IRA from her father.

"I felt like I wanted an adviser because I was uncertain about — I never had any money before, frankly, and I really wanted to be a good steward of it," Aarons-Mele says.

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Volkswagen has for decades been one of the most recognizable brands in the world. Only recently, it outsold Toyota and General Motors to become the No. 1 car company globally.

After admitting it cheated on emissions testing, VW is virtually certain to lose that top spot. VW top managers, in their single-minded quest to be the leader, very likely sowed the seeds of the company's downfall, analysts say.

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And in other news, as an employer in Germany, Volkswagen is about as big as it gets. And a big worry now is whether VW's emissions scandal will drag down Germany's entire economy. Here's NPR's John Ydstie.

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