THURSDAY MAY 24
China Talks = Less Than Nothing

Okay, we're engaging in a bit of hyperbole here, but we’re pretty sure adding new air routes between the U.S. and China was not the breakthrough that Paulson had in mind. Looks like Congress will come in now with the big stick. Not sure what that will do, since it seems unlikely that China, a country that assigns the greatest of importance to "keeping face," will roll over on the threat of a few toothless sanctions. But you never know.

May 2007

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