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Richmans' Trade and Taxes Blog
Boston Globe spins nuclear summit as success
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.
Journal of Economic Literature:
Atlantic Economic Journal: