Raymond Richman - Jesse Richman - Howard Richman
Richmans' Trade and Taxes Blog
Boston Globe spins nuclear summit as success
Howard Richman, 4/15/2010
Here is a key paragraph from their editorial:
President Barack Obama's meetings with leaders at the summit produced two encouraging moves in the direction of nuclear security. China's President Hu Jintao agreed to cooperate in crafting new, targeted U.N. sanctions on Iran. This was bad news for Ahmadinejad but good news for everyone who wants to prevent the further spread of nuclear weapons.
Here's what really happened, from a Reuters story:
State-run Chinaoil has sold two gasoline cargoes for April delivery to Iran, industry sources said on Wednesday, stepping into a void left by fuel suppliers halting shipments under threat of U.S. sanctions.
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- Pretend Free Trade vs. Balanced Trade -- The national debate kicked off on FoxNews yesterday
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- Levy Economics Institute's analysis of Import Certificates to balance trade
- US wins WTO appeal on China's non-tariff barriers against US movies, music, and games
- Prof. Krugman and Chinese Mercantilism
- China agrees to modify export subsidies
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