John Ydstie archive
Economy
U.S., China Pledge To Address Economic Imbalances
November 17, 2009 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.
Business
Regulators Debate Pros, Cons Of 'Too Big To Fail'

October 28, 2009 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.
Economy
Washington Puts The Squeeze On Executive Pay
October 22, 2009 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.
Economy
Dollar Loses Its Luster As Reserve Currency

October 9, 2009 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.
