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...Despite all the talk of nonproliferation, fears of the Iranian program might have the opposite effect in the region. Says David Albright, a respected proliferation expert at Washington's Institute for Science in International Security: "As Iran marches down the path to nuclear weapons, either Saudi Arabia will try to buy elements of a nuclear program, or will pursue one with its own nuclear reactors, or will get them through an alliance with Pakistan. Egypt says they might withdraw from Non-Proliferation Treaty. In Syria, there's still a sense that they haven't abandoned their ambition. And even Turkey...
...emirate, many simply to enjoy its free-wheeling lifestyle. "We're talking about tremendous volumes [of exports] in Dubai," says Lisa Prager, former assistant deputy secretary of commerce, who dispatched the first attache to Dubai in 2002 to try to stop military smuggling to Iran; as a Washington attorney, she now represents companies that have been charged with transshipping illicit goods to the Islamic Republic. Part of the problem, she says, is that U.S. officials have no authority to crack down themselves on sanctions-busters in Dubai. (See the top 10 Ahmadinejad-isms...
After months of mounting tension, the leaders of the U.S. and China appear to be putting recent strains in their relationship behind them. China's Foreign Ministry announced on Thursday, April 1, that President Hu Jintao would attend the global nuclear-security summit in Washington on April 12 and 13. Hours later, Hu and President Obama spoke for an hour by phone. Considerable differences on a wide range of issues are unlikely to be easily resolved, but Washington and Beijing may be moving to manage those differences in a more cooperative fashion...
...visit to Washington will come just days before an April 15 deadline for U.S. Treasury Secretary Timothy Geithner to issue a semiannual report that could label China a currency manipulator. China's currency, the renminbi, has been pegged to the dollar, and many economists say it is undervalued, giving Chinese exporters an advantage over their competitors in the U.S. and elsewhere. Some U.S. lawmakers have been pushing Geithner to declare China a manipulator, which would force talks between the two sides and the International Monetary Fund and could create momentum for Washington to adopt protectionist measures...
...Analysts predict that the Chinese President's decision to go to Washington will make the U.S. less inclined to adopt a confrontational stance on China's currency policy. "If April 15 comes and goes without a report, I don't think I'd be surprised," says Stephen Green, head of China research at Standard Chartered Bank in Shanghai. During their phone conversation Thursday, Hu told Obama that "healthy and stable economic and trade relations between China and the United States serve the interests of both countries," according to the state-run Xinhua News Agency. The report didn't say whether...