The US President wants to revisit the economic idea of price controls—which failed when it was tried in the 1970s—this time in healthcare. He has proposed setting up a Health Insurance Rate Authority which would determine whether health-insurance companies are charging too much for coverage.
Ratings agency Moody’s said its outlook on Japan would move into the negative category if the world’s No.2 economy by GDP does not get more control over its debt. Moody’s had upped Japan’s domestic debt rating to Aa2 last May. Now, it may move the other way.