“Spitzer’s Iron Wrist Sh*ts To Music Industry.” So said Xinhuanet, the Web site for China’s official state news agency, Xinhua. It’s obviously a translation mistake, but nonetheless the phrasing works, almost. “Spitzer” is, of course, Eliot Spitzer, the New York State attorney general, and the story continues: “Investigators in Mr. Spitzer’s office have served subpoenas…