Just a quick pointer to a new blog that I found via Greg Mankiw. It’s by a fellow by the name of Keith Hennessey (here’s the link). He’s a former Bushie so I’m sure that will turn people off right away. Give him a chance. I found this article really interesting.

Hennessey writes about the difference in language between the November G-20 communique and the April statement. You’ll see some pretty significant differences. As he notes, you don’t want to read too much into this as diplomacy has a way of moderating things in order to reach some sort of accommodation. At the same time, you don’t want to discount the change in language either.