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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Energy
10:01 pm
Tue March 6, 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 6:17 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
1:00 pm
Wed February 29, 2012

Bernanke: Economic Growth Will Be Slow

Federal Reserve Chairman Ben Bernanke acknowledged that the economy is improving on Wednesday, but he isn't convinced the recovery is self-sustaining. He reaffirmed the Fed's position that the economy will likely need super-low interest rates well into 2014.

Energy
5:38 pm
Wed February 22, 2012

What's Behind The Recent Hike In Gas Prices?

A gas station in Berlin, Vt., sold gas for $3.72 on Feb. 16. On average, regular gas is going for $3.60 a gallon nationwide.
Toby Talbot AP

Originally published on Wed February 22, 2012 5:29 pm

Oil prices have jumped sharply in the past two weeks, and the price of gasoline is also moving up. Across the country, a gallon of regular costs nearly $3.60 on average, with some areas facing $4 gas. That's causing sticker shock at the pump, and concern that rising prices could derail the economic recovery.

According to Daniel Yergin of Cambridge Energy Research Associates, gas prices are up because of the West's current confrontation with Iran and sanctions over that country's nuclear program.

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Economy
1:13 pm
Mon February 20, 2012

With Business Up, Owners Say Banks Lending Again

Originally published on Tue February 21, 2012 9:26 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
11:50 am
Tue January 31, 2012

GOP Candidates Reopen Debate Over Gold

If president, Newt Gingrich says he would appoint a monetary policy commission to reconsider returning to the gold standard.
Michal Cizek AFP/Getty Images

The glitter of gold has provided some added luster to the Republican primaries in the past couple of weeks, as Newt Gingrich recently suggested it might be a good idea to re-establish the link between the value of the dollar and gold.

"I would appoint a commission to look into gold and to look into hard money, because a dollar you save today ought to be worth a dollar 30 years from now," Gingrich said while recently campaigning in South Carolina.

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