The NYT has a new article explaining in a decent length how currency-finagling led to a codependent financial relationship between China and the US over the last few years. Yes, that’s all very informative, but as is often the case they slip the best part in towards the end, where most readers will have already given up.
In a glassed-in room in a nondescript office building in Washington, the Treasury conducts nearly daily auctions of billions of dollars’ worth of government bonds. An old Army helmet sits on a shelf: as a lark, Treasury officials have been known to strap it on while they monitor incoming bids.
With a line like that, it’s criminal that the photograph for the article was Secretary Paulson and President Hu wearing boring suits.