Past Articles by John Ydstie
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Apple CEO Defends Tax Practices At Senate Hearing Apple CEO Tim Cook faced tough questions on Capitol Hill on Tuesday. He defended a tax strategy that allows Apple to avoid taxes on tens of billions of dollars of profits. Cook also called on the Congress to lower the U.S. corporate tax rate. |
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Apple CEO Faces Senate Panel's Accusations Of 'Tax Gimmickry' Tim Cook will address reports that his company pays billions less than it should in U.S. taxes each year at a Tuesday hearing in Washington. According to a report by the Senate Permanent Subcommittee on Investigations, Apple avoids the tax payments by shifting profits to subsidiaries in Ireland. |
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Apple CEO Faces Senate Panel's Accusations Of 'Tax Gimmickry' Tim Cook will address reports that his company pays billions less than it should in U.S. taxes each year at a Tuesday hearing in Washington. According to a report by the Senate Permanent Subcommittee on Investigations, Apple avoids the tax payments by shifting profits to subsidiaries in Ireland. |
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Apple CEO Faces Senate Panel's Accusations Of 'Tax Gimmickry' Tim Cook will address reports that his company pays billions less than it should in U.S. taxes each year at a Tuesday hearing in Washington. According to a report by the Senate Permanent Subcommittee on Investigations, Apple avoids the tax payments by shifting profits to subsidiaries in Ireland. |
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Apple CEO Faces Senate Panel's Accusations Of 'Tax Gimmickry' Tim Cook will address reports that his company pays billions less than it should in U.S. taxes each year at a Tuesday hearing in Washington. According to a report by the Senate Permanent Subcommittee on Investigations, Apple avoids the tax payments by shifting profits to subsidiaries in Ireland. |
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Obama Names OMB Controller As Acting IRS Commissioner On Thursday, President Obama named Daniel Werfel, 42, acting IRS commissioner. The announcement comes a day after the resignation of Steven Miller, who got caught up in the controversy over the IRS targeting Tea Party groups. |
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Obama Names OMB Controller As Acting IRS Commissioner On Thursday, President Obama named Daniel Werfel, 42, acting IRS commissioner. The announcement comes a day after the resignation of Steven Miller, who got caught up in the controversy over the IRS targeting Tea Party groups. |
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Obama Names OMB Controller As Acting IRS Commissioner On Thursday, President Obama named Daniel Werfel, 42, acting IRS commissioner. The announcement comes a day after the resignation of Steven Miller, who got caught up in the controversy over the IRS targeting Tea Party groups. |
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Yen's Drop In Value Could Fuel Curency War Japan has embarked on a massive effort to stimulate its economy. Both the government and the central bank are collaborating to end a long period of stagnation and deflation. But the effects are also being felt outside Japan. |
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Yen's Drop In Value Could Fuel Curency War Japan has embarked on a massive effort to stimulate its economy. Both the government and the central bank are collaborating to end a long period of stagnation and deflation. But the effects are also being felt outside Japan. |
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Is A Smaller Budget Deficit A Lasting Trend? The Congressional Budget Office has sharply revised down the outlook for the federal budget deficit. Some temporary factors are being cited for the projected improvement. Keeping the deficit on a downward path may depend on the economy, analysts say. |
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Is A Smaller Budget Deficit A Lasting Trend? The Congressional Budget Office has sharply revised down the outlook for the federal budget deficit. Some temporary factors are being cited for the projected improvement. Keeping the deficit on a downward path may depend on the economy, analysts say. |
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Housing Recovery Lifts Other Sectors, Too Healthy increases in construction and home sales are boosting things like sales of pickups and landscaping, which, in turn, lead to more hiring. But federal budget cuts may undermine that momentum, economists say. |
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Housing Recovery Lifts Other Sectors, Too Healthy increases in construction and home sales are boosting things like sales of pickups and landscaping, which, in turn, lead to more hiring. But federal budget cuts may undermine that momentum, economists say. |
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Regulators Warn Banks On Direct-Deposit Loans Regulators are warning some of the nation's largest banks to stop offering loans that are hard to distinguish from those given out by storefront payday lenders. The banks have been offering high-interest-rate, short-term loans to customers with direct deposit as an advance on their paychecks. |
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Regulators Warn Banks On Direct-Deposit Loans Regulators are warning some of the nation's largest banks to stop offering loans that are hard to distinguish from those given out by storefront payday lenders. The banks have been offering high-interest-rate, short-term loans to customers with direct deposit as an advance on their paychecks. |
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IMF Trims Its Global Growth Forecast Citing Europe's continuing recession, the International Monetary Fund on Tuesday cut its estimate for global growth. The IMF also cut its forecast for the U.S. economy, predicting a growth rate of 1.9 percent. |
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Japan's Big Stimulus Move Shocks Globe's Market Watchers Few expected the Bank of Japan's program to buy up government bonds to dwarf the Federal Reserve's similar effort in the U.S. Japan's stock market has soared and the yen's value tumbled. Thus far, the move is boosting exports, but is also making Asian competitors nervous. |
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Japan's Big Stimulus Move Shocks Globe's Market Watchers Few expected the Bank of Japan's program to buy up government bonds to dwarf the Federal Reserve's similar effort in the U.S. Japan's stock market has soared and the yen's value tumbled. Thus far, the move is boosting exports, but is also making Asian competitors nervous. |
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Japan's Big Stimulus Move Shocks Globe's Market Watchers Few expected the Bank of Japan's program to buy up government bonds to dwarf the Federal Reserve's similar effort in the U.S. Japan's stock market has soared and the yen's value tumbled. Thus far, the move is boosting exports, but is also making Asian competitors nervous. |
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Cyprus' Crisis Frames Eurozone As 'Work In Progress' New restrictions on big depositors are controversial, and there's no consensus on the efficacy of the country's strategy. Besides affecting Cyprus' economy, the new measures could become a template for other eurozone countries. Selective restrictions might create a tiered system within the bloc. |
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Cyprus' Crisis Frames Eurozone As 'Work In Progress' New restrictions on big depositors are controversial, and there's no consensus on the efficacy of the country's strategy. Besides affecting Cyprus' economy, the new measures could become a template for other eurozone countries. Selective restrictions might create a tiered system within the bloc. |
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Cyprus' Crisis Frames Eurozone As 'Work In Progress' New restrictions on big depositors are controversial, and there's no consensus on the efficacy of the country's strategy. Besides affecting Cyprus' economy, the new measures could become a template for other eurozone countries. Selective restrictions might create a tiered system within the bloc. |
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Census Bureau: Americans Burdened By High Debt The Census Bureau is out with a new report on the debt and wealth of Americans. It shows the economic turmoil of the past decade shredded the financial fortunes of many Americans. The report shows debt burdens higher and wealth lower than in the year 2000. |
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Odd Political Bedfellows Agree: Banks Still Too Big To Fail On the political far left and right, some believe that large banks still pose a threat to taxpayers. These banks are so big, they argue, that the government will step in with support if needed. Still, the more mainstream view in Washington is that the Dodd-Frank reforms are sufficient to handle the problem. |
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Odd Political Bedfellows Agree: Banks Still Too Big To Fail On the political far left and right, some believe that large banks still pose a threat to taxpayers. These banks are so big, they argue, that the government will step in with support if needed. Still, the more mainstream view in Washington is that the Dodd-Frank reforms are sufficient to handle the problem. |
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Time For The Fed To Take Away The Punch Bowl? The stock market's long climb has some people concerned it may be a bubble about to burst — a bubble artificially pumped up by the Federal Reserve's easy-money policy. That's led to calls — even from within the Fed — for an end to the central bank's extraordinary efforts to keep interest rates low. |
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Time For The Fed To Take Away The Punch Bowl? The stock market's long climb has some people concerned it may be a bubble about to burst — a bubble artificially pumped up by the Federal Reserve's easy-money policy. That's led to calls — even from within the Fed — for an end to the central bank's extraordinary efforts to keep interest rates low. |
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Economists Debate Sequestration's Total Effect The Congressional Budget Office estimates the automatic budget cuts that go into effect Friday will shave 0.6 percent from the economy's annual growth rate. That might not be a big worry if the economy were growing at 3 or 4 percent. But growth is a paltry 2 percent, so the impact may be noticeable. |
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Economists Debate Sequestration's Total Effect The Congressional Budget Office estimates the automatic budget cuts that go into effect Friday will shave 0.6 percent from the economy's annual growth rate. That might not be a big worry if the economy were growing at 3 or 4 percent. But growth is a paltry 2 percent, so the impact may be noticeable. |
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Obama To Urge Japan To Join Trans-Pacific Partnership Japan's Prime Minister Shinzo Abe meets with President Obama at the White House Friday for discussions that will focus on both security and economic issues. The U.S. is pushing Japan to join a regional trade pact known as the Trans-Pacific Partnership, but Japan wants the U.S. to agree to special conditions first. |
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Obama To Urge Japan To Join Trans-Pacific Partnership Japan's Prime Minister Shinzo Abe meets with President Obama at the White House Friday for discussions that will focus on both security and economic issues. The U.S. is pushing Japan to join a regional trade pact known as the Trans-Pacific Partnership, but Japan wants the U.S. to agree to special conditions first. |
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Obama To Urge Japan To Join Trans-Pacific Partnership Japan's Prime Minister Shinzo Abe meets with President Obama at the White House Friday for discussions that will focus on both security and economic issues. The U.S. is pushing Japan to join a regional trade pact known as the Trans-Pacific Partnership, but Japan wants the U.S. to agree to special conditions first. |
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Eurozone Economies Declined In 2012 The latest economic numbers from Europe are in and they are not encouraging. The countries that make up the eurozone say their economies shrank at a 2.3 percent annual rate in the fourth quarter. Italy and Spain had especially sharp declines. |
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Eurozone Economies Declined In 2012 The latest economic numbers from Europe are in and they are not encouraging. The countries that make up the eurozone say their economies shrank at a 2.3 percent annual rate in the fourth quarter. Italy and Spain had especially sharp declines. |
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Lew Expected To Be Confirmed As Treasury Secretary President Obama's nominee for Treasury Secretary Jack went before the Senate Finance Committee Wednesday. Lew appears headed toward confirmation by the full Senate. But he did get some pointed questions from Republicans about his stint as an executive at Citigroup. |
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Lew Expected To Be Confirmed As Treasury Secretary President Obama's nominee for Treasury Secretary Jack went before the Senate Finance Committee Wednesday. Lew appears headed toward confirmation by the full Senate. But he did get some pointed questions from Republicans about his stint as an executive at Citigroup. |
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Lew Criticized For Citigroup Connection During Senate Confirmation Hearing President Obama's pick for Treasury, Jack Lew, was on Capitol Hill Wednesday for his confirmation hearing. Lew faced tough questions but is expected to be confirmed as Secretary of the Treasury. |
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Geithner Began With 'Smoldering' Economy; What Does He Leave? Timothy Geithner presided over Treasury at a particularly tumultuous time. The banking system was still in a crisis, and people were soon calling for his head. Naming his replacement four years later, President Obama said Geithner will be remembered "as one of our finest secretaries of the Treasury." |
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Geithner Began With 'Smoldering' Economy; What Does He Leave? Timothy Geithner presided over Treasury at a particularly tumultuous time. The banking system was still in a crisis, and people were soon calling for his head. Naming his replacement four years later, President Obama said Geithner will be remembered "as one of our finest secretaries of the Treasury." |
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After The 'Fiscal Cliff,' Businesses Say Some Uncertainty Remains Even after Congress' action to avert part of the "fiscal cliff," business owners remain cautious about hiring and expanding. Those that are growing cite the underlying economy, but others say uncertainty about government spending is keeping them wary. |
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After The 'Fiscal Cliff,' Businesses Say Some Uncertainty Remains Even after Congress' action to avert part of the "fiscal cliff," business owners remain cautious about hiring and expanding. Those that are growing cite the underlying economy, but others say uncertainty about government spending is keeping them wary. |
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Reading The Economic Tea Leaves For 2013 Mark Zandi of Moody's Analytics predicts a last-minute deal on the "fiscal cliff" might be an early drag on next year's economy, but by year's end, the economy will be gaining momentum. If there's no deal? "I don't even want to think about it," he says. |
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The Fed Boosts The Economy, But What About The Risks? The Federal Reserve continued to keep its foot on the accelerator in 2012, using unusual tactics to try to boost economic growth. But economists disagree about whether the Fed's policies were effective or whether the inflation risks outweighed the rewards. |
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The Fed Boosts The Economy, But What About The Risks? The Federal Reserve continued to keep its foot on the accelerator in 2012, using unusual tactics to try to boost economic growth. But economists disagree about whether the Fed's policies were effective or whether the inflation risks outweighed the rewards. |
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Failure To Avert Fiscal Cliff Could Damage World's Confidence In U.S. Business leaders are watching the fiscal cliff negotiations with keen interest. They worry that failure to reach a deal will have painful consequences for their companies and the economy. But they also know there is still time. |
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Fed To Keep Short-Term Interest Rates Low Federal Reserve policymakers met in Washington and decided to leave interest rates where they are. Other changes were announced, though. For the first time, the Fed identified an exact unemployment rate, 6.5 percent, at which it would begin to raise interest rates. |
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Obama, Business Roundtable Disagree Over Taxes President Obama is lobbying the CEOs of the nation's largest companies to support him as he tries to reach a budget deal with Republican lawmakers. The president met Wednesday with members of the Business Roundtable. The group urges the extension of Bush-era tax cuts for everyone, including the wealthy. |
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Raising Taxes On The Rich: Canny Or Counterproductive? Increasing tax rates for the well-off has become a sticking point in negotiations over avoiding the combination of tax hikes and spending cuts scheduled to take effect Jan. 1. Business experts disagree about how much of an effect it would have on economic growth. |
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How Much Income Taxes Could Rise: A Breakdown Of The Options As political leaders try to reach a deal to avoid automatic spending cuts and tax increases at the year's end, income tax rates are a major sticking point. President Obama wants to raise taxes for some; Republicans don't want any hikes. But if nothing is done, rates could go up across the board. |
