John Ydstie appears in the following:
Wednesday, August 14, 2013
The Eurozone economy eked out a positive growth number for the first time in a year-and-a-half. That had some analysts speculating that Europe's long recession is coming to an end.Others think that's too optimistic.
Friday, August 02, 2013
The unemployment rate dropped in July to 7.4 percent as employers added 162,000 new jobs. Renee Montagne talks with NPR economics correspondent John Ydstie about the latest numbers, and what they mean.
Wednesday, July 31, 2013
The economy grew at an annual rate of 1.7 percent in the second quarter. That's better than most analysts expected, but far below the historical average. Federal Reserve policymakers meeting in Washington decided to leave interest rates alone and kept plans to begin phasing out a stimulus program later this year if the economy holds up well.
Tuesday, July 30, 2013
Janet Yellen is on President Obama's short list to replace Ben Bernanke at the Federal Reserve.
Friday, July 26, 2013
Senate Democrats are asking President Obama to nominate Janet Yellen as the next Federal Reserve Chairman. A letter signed by more than 50 senators is being viewed as an attempt to derail the candidacy of former Treasury Secretary Larry Summers.
Wednesday, July 24, 2013
With the new health care law on the horizon, the restaurant industry is looking carefully at the looming health insurance requirements. Some national chains are looking at ways of limiting the new law's impact on the bottom line, while other restaurant owners say the new law won't change much for them.
Thursday, July 18, 2013
Federal Reserve Chairman Ben Bernanke continues his two-day monetary policy testimony on Capitol Hill. On Wednesday, the chairman appeared before the House Financial Services Committee.
Wednesday, July 17, 2013
Federal Reserve Chairman Ben Bernanke testified before the House Committee on Financial Services Wednesday, saying that when and how the Fed winds down its stimulus program will depend on economic conditions.
Wednesday, July 17, 2013
Stock and bond markets reacted positively to Federal Reserve Chairman Ben Bernanke's remarks on the economy Wednesday morning. Bernanke was on Capitol Hill delivering the Fed's twice yearly update on the economy and Fed policy before the House Financial Services Committee.
Friday, July 12, 2013
Boeing's stock plummeted more than 7 percent on news of another fire on board a 787 Dreamliner. The plane was on the ground at London's Heathrow Airport and no passengers were on board. It's not known yet whether the fire had anything to do with the troubled plane's battery or electric system.
Thursday, July 11, 2013
Smithfield CEO Larry Pope tried to reassure lawmakers that the sale of his Virginia based company will not mean a transfer of jobs to China or a reduction in food safety. He appeared before lawmakers on the Senate Agriculture Committee on Wednesday.
Wednesday, July 10, 2013
The Senate Agriculture Committee met Wednesday afternoon to hear testimony about the acquisition of Smithfield Foods by a Chinese company. Smithfield CEO Larry Pope tried to defend the proposed deal, but most committee members made their opposition clear.
Wednesday, July 03, 2013
David Green says capitalism practiced with empathy is the right way to make health care available to the masses. The social entrepreneur is working on medical devices and services that can make a difference in the developing world.
Tuesday, July 02, 2013
Traditional hearing aids can be too expensive for many people. But a new type that uses Bluetooth technology costs only about $300. The company that makes the new devices aims to reach millions of people around the world who need hearing aids but have trouble paying for them.
Thursday, June 20, 2013
The stock market fell again on Thursday, a day after Federal Reserve Chairman Ben Bernanke outlined plans to phase out the Fed's stimulative bond-buying program. The Dow was down 350 points in late afternoon trading.
Thursday, June 20, 2013
Investors have been nervous about the Federal Reserve's intentions after hints that it might reduce its massive bond buying program. Amid volatile markets, traders and investors complained they wanted more clarity. Chairman Ben Bernanke obliged on Wednesday after a regular two-day meeting of Fed policymakers.
Wednesday, June 19, 2013
Federal Reserve policymakers say the economy is doing slightly better than it was last fall, but the Fed's $85 billion per month stimulus program will continue for the time being. Speaking at news conference in Washington, D.C., Chairman Ben Bernanke indicated the Fed might begin tapering the stimulus program later this year. The Fed repeated earlier statements that it would hold short-term interest rates near zero until the jobless rate reaches 6.5 percent as long as inflation remains in check.
Thursday, June 06, 2013
The Affordable Care Act, which has become known as Obamacare, will require small businesses with 50 or more employees to offer health care coverage to their workers. Some have suggested that could be discouraging hiring by small businesses.
Friday, May 31, 2013
This week, the European Union gave some of its member nations more time to meet deficit-reduction targets. In other words, to ease back on austerity. The programs have crushed growth and sent European unemployment to a record high 12 percent.
Thursday, May 23, 2013
Federal Reserve chairman Ben Bernanke told Congress Wednesday that the central bank is not ready to scale back on economic stimulus. But he suggested the Fed may start to pare back bond purchases if the economy picks up momentum. Stocks fell following Bernanke's remarks.