John Ydstie http://delmarvapublicradio.net en What Do The New Obamacare Rulings Mean For People Getting Subsidies? http://delmarvapublicradio.net/post/what-do-new-obamacare-rulings-mean-people-getting-subsidies The Affordable Care Act was the subject of two conflicting court opinions Tuesday. One upheld the subsidies that help middle- and low-income people afford health insurance; the other rejected them. Wed, 23 Jul 2014 08:56:36 +0000 John Ydstie 58226 at http://delmarvapublicradio.net GOP Marks Dodd-Frank's 4th Birthday With Calls For Repeal http://delmarvapublicradio.net/post/gop-marks-dodd-franks-4th-birthday-calls-repeal Transcript <p>AUDIE CORNISH, HOST: <p>Four years ago today, President Obama signed a massive overhaul of the nation's financial laws, The Dodd-Frank Wall Street Reform and Consumer Protection Act. The law was a response to the Wall Street bailouts and regulatory failings that sparked the financial crisis and caused the great recession. Mon, 21 Jul 2014 20:28:00 +0000 John Ydstie 58124 at http://delmarvapublicradio.net Despite Brightening Signs, Fed Is Likely To Stay The Course http://delmarvapublicradio.net/post/despite-brightening-signs-fed-likely-stay-course Transcript <p>AUDIE CORNISH, HOST: <p>From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.<p>ROBERT SIEGEL, HOST: <p>And I'm Robert Siegel. Twice a year the head of the Federal Reserve is required to report to Congress on how the U.S. economy is doing, and for the last several years the people who listen in on this testimony have strained their ears for any hint of whether interest rates might be going up. Tue, 15 Jul 2014 20:58:00 +0000 John Ydstie 57809 at http://delmarvapublicradio.net In Press Conference, Fed Chair Keeps Things Upbeat — And Vague http://delmarvapublicradio.net/post/press-conference-fed-chair-keeps-things-upbeat-and-vague Transcript <p>: This is ALL THINGS CONSIDERED from NPR News. I'm Melissa Block.<p>ROBERT SIEGEL, HOST: <p>And I am Robert Siegel. Federal Reserve chair Janet Yellen may have learned a lesson - don't get specific when talking about when the benchmark interest rate may go up. She made that mistake during her first news conference as Fed chief. Wed, 18 Jun 2014 21:18:00 +0000 John Ydstie 56272 at http://delmarvapublicradio.net Study: Climate Change Is A Growing Threat To Corn Production http://delmarvapublicradio.net/post/study-climate-change-growing-threat-corn-production Transcript <p>RENEE MONTAGNE, HOST: <p>And from food to fuel, corn is a major pillar of the U.S. economy. It's the country's biggest crop. One-third of all U.S. cropland is dedicated to corn. A new study says climate change and unsustainable irrigation practices are a long-term threat to U.S. corn production. The study calls on farmers, governments and businesses to cooperate to head off those negative effects. NPR's John Ydstie has more.<p>JOHN YDSTIE, BYLINE: There's no doubt extreme weather has hurt U.S. corn production in some recent years. Thu, 12 Jun 2014 09:12:00 +0000 John Ydstie 55862 at http://delmarvapublicradio.net In May Jobs Report, A Milestone: A Return To Pre-Recession Levels http://delmarvapublicradio.net/post/may-jobs-report-milestone-return-pre-recession-levels The May jobs report showed steady job creation. Payrolls expanded by 217,000, and unemployment held steady at 6.3%. And there was a milestone: The U.S. economy now has slightly more jobs than it did in December 2007, when the last recession began. Fri, 06 Jun 2014 20:13:00 +0000 John Ydstie 55590 at http://delmarvapublicradio.net May Employment Data Show U.S. Surpassed Pre-Recession Job Totals http://delmarvapublicradio.net/post/may-employment-data-may-reflect-record-job-growth The Labor Department released its monthly employment report on Friday. The economy added 217,000 jobs in May, and the unemployment rate was unchanged at 6.3 percent. Fri, 06 Jun 2014 09:08:00 +0000 John Ydstie 55546 at http://delmarvapublicradio.net New Pollution Rules Leave Utilities Frustrated, As Details Remain Up In Air http://delmarvapublicradio.net/post/new-pollution-rules-leave-utilities-frustrated-details-remain-air The Obama administration has proposed rules for limiting greenhouse gases, but many of the details must still be set by states, leaving utilities unsure about specifics they'll be expected to achieve. Wed, 04 Jun 2014 20:08:00 +0000 John Ydstie 55442 at http://delmarvapublicradio.net Study Questions Need For Employer Health Care Requirement http://delmarvapublicradio.net/post/study-questions-need-employer-health-care-requirement When the Affordable Care Act was unveiled, business groups railed against the provision that requires companies with 50 or more employees to provide health insurance for their full-time workers.<p>The Obama administration responded by pushing back the deadline for the coverage, so it hasn't yet taken effect. Wed, 28 May 2014 20:21:00 +0000 John Ydstie 55034 at http://delmarvapublicradio.net Study Questions Need For Employer Health Care Requirement 'Financial Times' Picks Apart Picketty, Sparking An Argument http://delmarvapublicradio.net/post/financial-times-picks-apart-picketty-sparking-argument Transcript <p>MELISSA BLOCK, HOST: <p>The feeling among the super-rich that capitalism is under siege may be heightened by the release of the book "Capital In The Twenty-First Century." It's by the French economist, Thomas Piketty. The book, which deals with growing inequality, has been a publishing phenomenon. It currently tops many non-fiction best seller lists. But late last week, The Financial Times published a story citing errors in the book and suggesting that some of its conclusions are mistaken. Tue, 27 May 2014 20:17:00 +0000 John Ydstie 54962 at http://delmarvapublicradio.net The Merits Of Income Inequality: What's The Right Amount? http://delmarvapublicradio.net/post/merits-income-inequality-whats-right-amount Income inequality is a big problem, many economists agree. But they also say some level of inequality is necessary for capitalism to work.<p>Inequality in the U.S. has risen to levels not seen since the 1920s. The top 1 percent pocket more than 20 percent of the nation's income, and the 400 richest people in the country own more wealth than everyone in the bottom 50 percent.<p>That's not healthy for the society or the economy, says Branko Milanovic, an economist at the City University of New York Graduate Center. Sun, 18 May 2014 09:29:00 +0000 John Ydstie 54432 at http://delmarvapublicradio.net The Merits Of Income Inequality: What's The Right Amount? Remembering Economist Gary Becker, Who Described 'Marriage Market' http://delmarvapublicradio.net/post/nobel-winning-economist-gary-becker-dies-83 University of Chicago economist Gary Becker died Saturday at the age of 83. He won the Nobel Prize in 1992 for broadening the horizons of economics, using economic analysis to explore social issues like crime, racial discrimination and drug addiction.<p>Becker was a giant in the field of economics, and his pioneering application of economic theory to social questions extended to <a href="http://www.nber.org/chapters/c2970.pdf">the marriage market</a>. Mon, 05 May 2014 20:02:00 +0000 John Ydstie 53714 at http://delmarvapublicradio.net Remembering Economist Gary Becker, Who Described 'Marriage Market' Positive April Jobs Report Blows Past Expectations http://delmarvapublicradio.net/post/positive-april-jobs-report-blows-past-expectations Transcript <p>AUDIE CORNISH, HOST: <p>From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.<p>ROBERT SIEGEL, HOST: <p>And I'm Robert Siegel. U.S. employers were in a hiring mood in April. That's the takeaway from the government's monthly jobs report released today. It shows 288,000 jobs added to payrolls. That's the biggest monthly job growth in nearly two and a half years. Fri, 02 May 2014 20:21:00 +0000 John Ydstie 53586 at http://delmarvapublicradio.net Jobless Report May Confirm Economy Is Heating Up http://delmarvapublicradio.net/post/jobless-report-may-confirm-economy-heating Transcript <p>RENEE MONTAGNE, HOST: <p>The economy nearly stalled out here in the U.S. in the beginning of the year, according to the government. That slowdown was blamed largely on winter storms that clobbered much of the country last winter. Recent data suggests the economy has warmed up. There's hope that will be confirmed this morning when the monthly job numbers for April are released. Fri, 02 May 2014 10:51:00 +0000 John Ydstie 53547 at http://delmarvapublicradio.net Slow Growth For U.S. Economy, But Fed Plans Are Full Speed Ahead http://delmarvapublicradio.net/post/slow-growth-us-economy-fed-plans-are-full-speed-ahead The economy slowed sharply in the first quarter, with data released Wednesday showing that growth was barely positive. Federal Reserve policymakers wrapped up a meeting Wednesday with a statement saying the economy had actually picked up a bit in recent weeks. They voted unanimously to continue winding down their stimulus program. <div class="fullattribution">Copyright 2014 NPR. Wed, 30 Apr 2014 20:00:00 +0000 John Ydstie 53452 at http://delmarvapublicradio.net In March Jobs Report, Market Awakens From A Winter Swoon http://delmarvapublicradio.net/post/march-jobs-report-market-awakens-winter-swoon The U.S. economy added 192,000 jobs in March, according to data released this morning. The unemployment rate refused to budge, though, holding steady at 6.7 percent. Fri, 04 Apr 2014 20:45:00 +0000 John Ydstie 52029 at http://delmarvapublicradio.net March Unemployment Rate Unchanged At 6.7 Percent http://delmarvapublicradio.net/post/economists-predict-monthly-unemployment-rate-will-fall The Labor Department said U.S. employers added 192,000 jobs in March, which is seen as a sign that the economy is rebounding. The unemployment rate remained steady at 6.7 percent. Fri, 04 Apr 2014 10:39:00 +0000 John Ydstie 51990 at http://delmarvapublicradio.net Beyond The Fog Of Spin And Doubt: What Has ACA Achieved? http://delmarvapublicradio.net/post/beyond-fog-spin-and-doubt-what-has-aca-achieved Transcript <p>MELISSA BLOCK, HOST: <p>This is ALL THINGS CONSIDERED from NPR News. I'm Melissa Block in Dallas.<p>ROBERT SIEGEL, HOST: <p>And I'm Robert Siegel in Washington, where President Obama cheered the Affordable Care Act today.<p>PRESIDENT BARACK OBAMA: Despite several lost weeks out of the gate because of problems with the website, 7.1 million Americans have now signed up for private insurance plans through these marketplaces.<p>(SOUNDBITE OF CHEERING)<p>SIEGEL: The president marked a milestone with that number. Tue, 01 Apr 2014 20:30:00 +0000 John Ydstie 51826 at http://delmarvapublicradio.net Health Care Law Helps Entrepreneurs Quit Their Day Jobs http://delmarvapublicradio.net/post/how-health-care-law-could-spur-new-businesses The Affordable Care Act — which many see creating challenges for businesses — could benefit a particular group of business people: entrepreneurs.<p>Joshua Simonson was reluctant to give up his job at a Portland, Ore., area grocery store, New Seasons Market, which he says had provided excellent health care for him and his family. Wed, 12 Mar 2014 20:59:00 +0000 John Ydstie 50718 at http://delmarvapublicradio.net Health Care Law Helps Entrepreneurs Quit Their Day Jobs February Jobs Numbers Give Some Economists Reason To Smile http://delmarvapublicradio.net/post/february-jobs-numbers-give-some-economists-reason-smile Transcript <p>AUDIE CORNISH, HOST: <p>From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.<p>MELISSA BLOCK, HOST: <p>And I'm Melissa Block. There was some positive economic news today. Job growth in February was stronger than expected. The government monthly employment report showed 175,000 jobs were added to the economy last month. There were also upward revisions for December and January. Fri, 07 Mar 2014 21:09:00 +0000 John Ydstie 50434 at http://delmarvapublicradio.net February Job Growth Beats Expectations; Jobless Rate Ticks Up http://delmarvapublicradio.net/post/february-job-growth-beats-expectations-jobless-rate-ticks Transcript <p>DAVID GREENE, HOST: <p>It was pretty clear that the recent bout of winter weather that many of us have seen was going to have an effect on job growth in February. The question was how much. And it turns out less than expected. That's the message from the government's monthly employment report that's out today. It found that U.S. employers added 175,000 jobs to their payrolls last month. Fri, 07 Mar 2014 16:39:00 +0000 John Ydstie 50414 at http://delmarvapublicradio.net Weather Expected To Effect February Jobs Report http://delmarvapublicradio.net/post/weather-expected-effect-february-jobs-report Transcript <p>DAVID GREENE, HOST: <p>The recent bout of winter weather that many of us have felt has hit the U.S. economy. Winter storms cooled job growth in February. The only question is by how much. Economists, investors and job seekers are looking to today's employment report from the government for an answer. NPR's John Ydstie says their predictions have been dampened by the weather too.<p>JOHN YDSTIE, BYLINE: John Sylvia is the top economist for Wells Fargo. Fri, 07 Mar 2014 10:02:00 +0000 John Ydstie 50391 at http://delmarvapublicradio.net CBO Assesses Affordable Care Act's Economic Effects http://delmarvapublicradio.net/post/cbo-assesses-affordable-care-acts-economic-effects Transcript <p>DAVID GREENE, HOST: <p>On a Friday, this is MORNING EDITION, from NPR News. I'm David Greene.<p>The Affordable Care Act will change the way millions of Americans think about their jobs. That's essentially what the Congressional Budget Office has said in its assessment of the law's effect on the economy. Fri, 28 Feb 2014 10:21:00 +0000 John Ydstie 50054 at http://delmarvapublicradio.net Meeting Minutes Show Human Side To Fiscal Crisis http://delmarvapublicradio.net/post/meeting-minutes-show-human-side-fiscal-crisis Transcript <p>AUDIE CORNISH, HOST: <p>The Federal Reserve today released transcripts of its meetings in 2008, back when the financial crisis was unfolding. The documents show Fed policymakers struggling to understand and respond to failing Wall Street banks and the global financial system in turmoil. NPR's John Ydstie has been reading through the transcripts and joins us now. Hey there, John.<p>JOHN YDSTIE, BYLINE: Hi, Audie.<p>CORNISH: So we've had these minutes, at least, right, from most of these meetings for years. Fri, 21 Feb 2014 21:21:00 +0000 John Ydstie 49700 at http://delmarvapublicradio.net Fed Chair Promises Continuity Before Congress http://delmarvapublicradio.net/post/fed-chair-promises-continuity-congress Transcript <p>MELISSA BLOCK, HOST: <p>From NPR News, this is ALL THINGS CONSIDERED. I'm Melissa Block.<p>ROBERT SIEGEL, HOST: <p>And I'm Robert Siegel.<p>Janet Yellen made her first appearance on Capitol Hill today as the new leader of the Federal Reserve. Her message was clear. There will be no sudden changes in Fed policy. As NPR's John Ydstie reports, Yellen said the central bank is likely to keep pulling back its big stimulus program despite concerns about the economy.<p>JOHN YDSTIE, BYLINE: It was a long day for Janet Yellen. Tue, 11 Feb 2014 22:33:00 +0000 John Ydstie 49153 at http://delmarvapublicradio.net Jobs Report: Unemployment Ticks Down; Payrolls Tick Up http://delmarvapublicradio.net/post/jobs-report-unemployment-ticks-down-payrolls-tick Transcript <p>DAVID GREENE, HOST: <p>This is MORNING EDITION from NPR News. I'm David Greene.<p>RENEE MONTAGNE, HOST: <p>I'm Renee Montagne. And this morning brought another surprisingly weak jobs report. The government says the U.S. economy added just 113,000 jobs in January. That follows just 75,000 jobs in December. Those numbers are way below the average monthly job creation for most of 2013 and it has lots of people worried the economy may be losing steam. NPR's John Ydstie joins us again to talk about it. Fri, 07 Feb 2014 16:26:00 +0000 John Ydstie 48940 at http://delmarvapublicradio.net January Unemployment Numbers Expected To Rebound http://delmarvapublicradio.net/post/january-unemployment-numbers-expected-rebound Transcript <p>DAVID GREENE, HOST: <p>On a Friday this is MORNING EDITION from NPR News. I'm David Greene.<p>RENEE MONTAGNE, HOST: <p>And I'm Renee Montagne. There's lots of anticipation about the government's monthly jobs report that will be released later this morning. Last month's job creation numbers were very disappointing - just 74,000 jobs added to the payroll - far below the recent monthly averages. NPR's John Ydstie joined us to talk about job creation and what it's telling us about the economy. Fri, 07 Feb 2014 10:03:00 +0000 John Ydstie 48925 at http://delmarvapublicradio.net Reining In Health Care Costs Key To Trimming Deficit http://delmarvapublicradio.net/post/reining-health-care-costs-key-trimming-deficit The Congressional Budget Office earlier this week said this year's deficit is likely to be about one-third the size it was in 2009, when the Great Recession bottomed out. A recovering economy is the main reason for the deficit's improvement, but moderating health care costs have also contributed.<p>Harvard economist and health policy specialist David Cutler says getting the federal government's finances under control is all about health care.<p>"A fairly accurate summary of the federal budget is that the U.S. Thu, 06 Feb 2014 09:23:00 +0000 John Ydstie 48849 at http://delmarvapublicradio.net Is Obamacare A Job Killer? New Estimates Suggest It Might Be http://delmarvapublicradio.net/post/obamacare-job-killer-new-estimates-suggest-it-might-be A new front has opened in the political battle over the Affordable Care Act, with Tuesday's release of the Congressional Budget Office's annual budget and economic outlook. The economists updated an earlier estimate about how many workers would leave the workforce because they no longer needed a job to have health care coverage — revising upward from 800,000 people to over 2 million people. Republicans pounced on the higher number, and President Obama now finds himself playing defense. Tue, 04 Feb 2014 23:12:00 +0000 John Ydstie 48769 at http://delmarvapublicradio.net After Overcoming Early Obstacles, Yellen Assumes Fed's Top Job http://delmarvapublicradio.net/post/after-overcoming-early-obstacles-yellen-assumes-feds-top-job Ben Bernanke hands over the reins at the Federal Reserve to Janet Yellen on Friday. The Fed's vice chairwoman will be the first female ever to lead the nation's central bank. It's a position many view as the second most powerful in the country.<p>The world of central banking is largely a man's world. But Yellen has been undeterred by such barriers since she was in high school in Brooklyn. Charlie Saydah, a former classmate, says she was probably the smartest kid in the class. Fri, 31 Jan 2014 22:50:00 +0000 John Ydstie 48578 at http://delmarvapublicradio.net After Overcoming Early Obstacles, Yellen Assumes Fed's Top Job