NPR People: John Ydstie http://www.npr.org/templates/story/story.php?storyId=2101404&ft=1&f=2101404 After covering the economy, Wall Street and federal budget issues for two decades, John Ydstie is now applying his reporting and interviewing skills as a roving national correspondent. Among the major stories he's covered recently are Hurricane Katrina and the Jack Abramoff lobbying scandal. Ydstie's eclectic interests are also featured in his frequent appearances as a guest host on the NPR news programs <em>Morning Edition, All Things Considered, Weekend Edition,</em> and <em>Talk of the Nation.</em> Copyright 2009 NPR - For Personal Use Only NPR API RSS Generator 0.93 Thu, 19 Nov 2009 16:00:00 -0500 http://media.npr.org/images/podcasts/thumbnail/npr_generic_image_75.jpg John Ydstie http://www.npr.org/templates/story/story.php?storyId=2101404&ft=1&f=2101404 yes On Capitol Hill, Geithner Defends Policies Treasury Secretary Timothy Geithner defended Thursday the administration's handling of the financial crisis, as he again urged Congress to pass a regulatory overhaul that has been months in the making. Geithner faced tough questioning on the bailout of insurance giant AIG and Wall Street bonuses. Republican Congressman Kevin Brady even demanded Geithner's resignation. Thu, 19 Nov 2009 16:00:00 -0500 http://www.npr.org/templates/story/story.php?storyId=120583696&ft=1&f=2101404 http://www.npr.org/templates/story/story.php?storyId=120583696&ft=1&f=2101404 Treasury Secretary Timothy Geithner defended Thursday the administration's handling of the financial crisis, as he again urged Congress to pass a regulatory overhaul that has been months in the making. Geithner faced tough questioning on the bailout of insurance giant AIG and Wall Street bonuses. Republican Congressman Kevin Brady even demanded Geithner's resignation. 254 no Treasury Secretary Timothy Geithner defended Thursday the administration's handling of the financial crisis, as he again urged Congress to pass a regulatory overhaul that has been months in the making. Geithner faced tough questioning on the bailout of insurance giant AIG and Wall Street bonuses. Republican Congressman Kevin Brady even demanded Geithner's resignation.

» E-Mail This     » Add to Del.icio.us

]]> U.S., China Pledge To Address Economic Imbalances In the run-up to the financial crisis, the U.S. and China reinforced each other's bad habits. President Obama and his Chinese counterpart, Hu Jintao, on Tuesday agreed to address the imbalances that helped bring about the financial crisis. But change won't come easily. Tue, 17 Nov 2009 12:34:00 -0500 http://www.npr.org/templates/story/story.php?storyId=120499873&ft=1&f=2101404 http://www.npr.org/templates/story/story.php?storyId=120499873&ft=1&f=2101404 In the run-up to the financial crisis, the U.S. and China reinforced each other's bad habits. President Obama and his Chinese counterpart, Hu Jintao, on Tuesday agreed to address the imbalances that helped bring about the financial crisis. But change won't come easily. 264 no In the run-up to the financial crisis, the U.S. and China reinforced each other's bad habits. President Obama and his Chinese counterpart, Hu Jintao, on Tuesday agreed to address the imbalances that helped bring about the financial crisis. But change won't come easily.

» E-Mail This     » Add to Del.icio.us

]]> Dodd Unveils Sweeping Financial Overhaul Plan Senate Banking Committee Chairman Chris Dodd has unveiled his draft proposal to remake the financial regulatory system. It's a sweeping plan that goes beyond what's being hammered out by the House and the Obama administration. Tue, 10 Nov 2009 16:00:00 -0500 http://www.npr.org/templates/story/story.php?storyId=120287923&ft=1&f=2101404 http://www.npr.org/templates/story/story.php?storyId=120287923&ft=1&f=2101404 Senate Banking Committee Chairman Chris Dodd has unveiled his draft proposal to remake the financial regulatory system. It's a sweeping plan that goes beyond what's being hammered out by the House and the Obama administration. 301 no Senate Banking Committee Chairman Chris Dodd has unveiled his draft proposal to remake the financial regulatory system. It's a sweeping plan that goes beyond what's being hammered out by the House and the Obama administration.

» E-Mail This     » Add to Del.icio.us

]]> Jobless Rate Highest Since 1983 The government says the nation's unemployment rate hit 10.2 percent last month, the highest since 1983. Economists had expected the figure to rise to 9.9 percent. Fri, 06 Nov 2009 16:00:00 -0500 http://www.npr.org/templates/story/story.php?storyId=120183504&ft=1&f=2101404 http://www.npr.org/templates/story/story.php?storyId=120183504&ft=1&f=2101404 The government says the nation's unemployment rate hit 10.2 percent last month, the highest since 1983. Economists had expected the figure to rise to 9.9 percent. 226 no The government says the nation's unemployment rate hit 10.2 percent last month, the highest since 1983. Economists had expected the figure to rise to 9.9 percent.

» E-Mail This     » Add to Del.icio.us

]]> Monthly Unemployment Rate Tops 10 Percent The Labor Department says the jobless rate hit 10.2 percent in October. That's the first time it's gone over 10 percent since the recession of the early 1980's. The economy shed a net total of 190,000 jobs in October. Fri, 06 Nov 2009 09:36:00 -0500 http://www.npr.org/templates/story/story.php?storyId=120164988&ft=1&f=2101404 http://www.npr.org/templates/story/story.php?storyId=120164988&ft=1&f=2101404 The Labor Department says the jobless rate hit 10.2 percent in October. That's the first time it's gone over 10 percent since the recession of the early 1980's. The economy shed a net total of 190,000 jobs in October. 240 no The Labor Department says the jobless rate hit 10.2 percent in October. That's the first time it's gone over 10 percent since the recession of the early 1980's. The economy shed a net total of 190,000 jobs in October.

» E-Mail This     » Add to Del.icio.us

]]> GDP Figures Expected To Show Economic Growth A government report out Thursday morning could indicate the country has emerged from the worst recession since the 1930s. Figures are expected to show the economy has grown over the last three months. Thu, 29 Oct 2009 06:00:00 -0400 http://www.npr.org/templates/story/story.php?storyId=114271860&ft=1&f=2101404 http://www.npr.org/templates/story/story.php?storyId=114271860&ft=1&f=2101404 A government report out Thursday morning could indicate the country has emerged from the worst recession since the 1930s. Figures are expected to show the economy has grown over the last three months. 232 no A government report out Thursday morning could indicate the country has emerged from the worst recession since the 1930s. Figures are expected to show the economy has grown over the last three months.

» E-Mail This     » Add to Del.icio.us

]]> Regulators Debate Pros, Cons Of 'Too Big To Fail' Some high-level policymakers say large financial firms pose too much danger to the financial system and to taxpayers. Others argue that they provide benefits that need to be preserved. Wed, 28 Oct 2009 00:25:00 -0400 http://www.npr.org/templates/story/story.php?storyId=114226906&ft=1&f=2101404 http://www.npr.org/templates/story/story.php?storyId=114226906&ft=1&f=2101404 Some high-level policymakers say large financial firms pose too much danger to the financial system and to taxpayers. Others argue that they provide benefits that need to be preserved. 282 no Some high-level policymakers say large financial firms pose too much danger to the financial system and to taxpayers. Others argue that they provide benefits that need to be preserved.

» E-Mail This     » Add to Del.icio.us

]]> Treasury, Fed Outline Rules To Limit Exec Pay The Treasury and Federal Reserve both announced new rules Thursday that seek to curb soaring pay at U.S. financial institutions. U.S. pay czar Kenneth Feignberg laid out the details of his plan to slash pay for top executives at seven firms that received government bailout money. The Fed intends to reduce "systemic risk" by monitoring compensation practices for the first time. Thu, 22 Oct 2009 16:00:00 -0400 http://www.npr.org/templates/story/story.php?storyId=114051494&ft=1&f=2101404 http://www.npr.org/templates/story/story.php?storyId=114051494&ft=1&f=2101404 The Treasury and Federal Reserve both announced new rules Thursday that seek to curb soaring pay at U.S. financial institutions. U.S. pay czar Kenneth Feignberg laid out the details of his plan to slash pay for top executives at seven firms that received government bailout money. The Fed intends to reduce "systemic risk" by monitoring compensation practices for the first time. 197 no The Treasury and Federal Reserve both announced new rules Thursday that seek to curb soaring pay at U.S. financial institutions. U.S. pay czar Kenneth Feignberg laid out the details of his plan to slash pay for top executives at seven firms that received government bailout money. The Fed intends to reduce "systemic risk" by monitoring compensation practices for the first time.

» E-Mail This     » Add to Del.icio.us

]]> Washington Puts The Squeeze On Executive Pay The Obama administration is poised to limit sky-high pay for executives of some of the largest financial service companies that received a government bailout. And the Federal Reserve detailed its own plan to rein in pay packages that may threaten the health of banks it supervises. Thu, 22 Oct 2009 15:23:00 -0400 http://www.npr.org/templates/story/story.php?storyId=114048511&ft=1&f=2101404 http://www.npr.org/templates/story/story.php?storyId=114048511&ft=1&f=2101404 The Obama administration is poised to limit sky-high pay for executives of some of the largest financial service companies that received a government bailout. And the Federal Reserve detailed its own plan to rein in pay packages that may threaten the health of banks it supervises. no The Obama administration is poised to limit sky-high pay for executives of some of the largest financial service companies that received a government bailout. And the Federal Reserve detailed its own plan to rein in pay packages that may threaten the health of banks it supervises.

» E-Mail This     » Add to Del.icio.us

]]> Executive Pay To Be Cut At Bailed Out Firms The Obama administration is set to dramatically cut compensation for top executives at the seven firms that received the most government bailout money. Some companies that received bailout money will continue to pay their executives large sums, but those are the ones that already have paid the government back. The administration pay czar Kenneth Feinberg will unveil a plan in the next few days. Thu, 22 Oct 2009 06:00:00 -0400 http://www.npr.org/templates/story/story.php?storyId=114029887&ft=1&f=2101404 http://www.npr.org/templates/story/story.php?storyId=114029887&ft=1&f=2101404 The Obama administration is set to dramatically cut compensation for top executives at the seven firms that received the most government bailout money. Some companies that received bailout money will continue to pay their executives large sums, but those are the ones that already have paid the government back. The administration pay czar Kenneth Feinberg will unveil a plan in the next few days. 224 no The Obama administration is set to dramatically cut compensation for top executives at the seven firms that received the most government bailout money. Some companies that received bailout money will continue to pay their executives large sums, but those are the ones that already have paid the government back. The administration pay czar Kenneth Feinberg will unveil a plan in the next few days.

» E-Mail This     » Add to Del.icio.us

]]> U.S. To Order Bailout Firms To Cut Exec Pay The Obama administration plans to order companies that received government bailouts last year to sharply cut the pay of their highest-paid executives. Seven companies that got the money will have to cut the salaries of their 25 highest-paid officials by an average about 90 percent. Wed, 21 Oct 2009 16:21:57 -0400 http://www.npr.org/templates/story/story.php?storyId=114013478&ft=1&f=2101404 http://www.npr.org/templates/story/story.php?storyId=114013478&ft=1&f=2101404 The Obama administration plans to order companies that received government bailouts last year to sharply cut the pay of their highest-paid executives. Seven companies that got the money will have to cut the salaries of their 25 highest-paid officials by an average about 90 percent. 193 no The Obama administration plans to order companies that received government bailouts last year to sharply cut the pay of their highest-paid executives. Seven companies that got the money will have to cut the salaries of their 25 highest-paid officials by an average about 90 percent.

» E-Mail This     » Add to Del.icio.us

]]> Dollar Loses Its Luster As Reserve Currency The U.S. dollar has fallen more than 12 percent from its recent peak. Amid worries that it will continue to weaken, some central banks are keeping more of their reserves in euros and yen. There has even been talk of finding an alternative to the greenback as the world's major reserve currency. Fri, 09 Oct 2009 13:45:00 -0400 http://www.npr.org/templates/story/story.php?storyId=113650226&ft=1&f=2101404 http://www.npr.org/templates/story/story.php?storyId=113650226&ft=1&f=2101404 The U.S. dollar has fallen more than 12 percent from its recent peak. Amid worries that it will continue to weaken, some central banks are keeping more of their reserves in euros and yen. There has even been talk of finding an alternative to the greenback as the world's major reserve currency. 227 no The U.S. dollar has fallen more than 12 percent from its recent peak. Amid worries that it will continue to weaken, some central banks are keeping more of their reserves in euros and yen. There has even been talk of finding an alternative to the greenback as the world's major reserve currency.

» E-Mail This     » Add to Del.icio.us

]]> Analysts: Gold's Record Highs Tied To Dollar's Low The price of gold hit an all-time high Wednesday for the second straight day. The dollar's decline has been one of the main factors behind gold's rise. Analysts say many investors are buying gold as a hedge against the possibility of further declines in the dollar. Wed, 07 Oct 2009 07:46:00 -0400 http://www.npr.org/templates/story/story.php?storyId=113563513&ft=1&f=2101404 http://www.npr.org/templates/story/story.php?storyId=113563513&ft=1&f=2101404 The price of gold hit an all-time high Wednesday for the second straight day. The dollar's decline has been one of the main factors behind gold's rise. Analysts say many investors are buying gold as a hedge against the possibility of further declines in the dollar. 100 no The price of gold hit an all-time high Wednesday for the second straight day. The dollar's decline has been one of the main factors behind gold's rise. Analysts say many investors are buying gold as a hedge against the possibility of further declines in the dollar.

» E-Mail This     » Add to Del.icio.us

]]> Unemployment Rate Could Hit 10 Percent The Labor Department releases its monthly jobs report Friday. Job losses are likely to continue and the unemployment rate is expected to rise from its current level of 9.7 percent. Fri, 02 Oct 2009 06:00:00 -0400 http://www.npr.org/templates/story/story.php?storyId=113423303&ft=1&f=2101404 http://www.npr.org/templates/story/story.php?storyId=113423303&ft=1&f=2101404 The Labor Department releases its monthly jobs report Friday. Job losses are likely to continue and the unemployment rate is expected to rise from its current level of 9.7 percent. 234 no The Labor Department releases its monthly jobs report Friday. Job losses are likely to continue and the unemployment rate is expected to rise from its current level of 9.7 percent.

» E-Mail This     » Add to Del.icio.us

]]> Recent Bank Failures Too Much For FDIC Federal regulators say the rash of bank failures that are depleting the deposit insurance fund will likely cost about $100 billion over the next four years. To shore up the fund, the FDIC board has voted to require banks to prepay three years worth of premiums. The banking industry is generally supporting the proposal. Wed, 30 Sep 2009 06:32:00 -0400 http://www.npr.org/templates/story/story.php?storyId=113333298&ft=1&f=2101404 http://www.npr.org/templates/story/story.php?storyId=113333298&ft=1&f=2101404 Federal regulators say the rash of bank failures that are depleting the deposit insurance fund will likely cost about $100 billion over the next four years. To shore up the fund, the FDIC board has voted to require banks to prepay three years worth of premiums. The banking industry is generally supporting the proposal. 114 no Federal regulators say the rash of bank failures that are depleting the deposit insurance fund will likely cost about $100 billion over the next four years. To shore up the fund, the FDIC board has voted to require banks to prepay three years worth of premiums. The banking industry is generally supporting the proposal.

» E-Mail This     » Add to Del.icio.us

]]>