Betting that China will blink
• “President Trump has given China every chance to change its aggressive behavior. China does have much more to lose than we do.”
That was Peter Navarro, Mr. Trump’s high commerce adviser, on Tuesday, noting that the worth of China’s exports to the U.S. was practically 4 occasions what the U.S. exports to China.
Mr. Trump is now threatening to tax practically the entire worth of products — greater than $505 billion — that China despatched to the U.S. final 12 months. His stance has drawn a rebuke from retailers, tech corporations and producers. Here’s the latest in the trade dispute between Washington and Beijing.
• In different world financial information, Greece is making ready to emerge from practically a decade of bailouts. European officers have hailed it as a symbolic finish to a ruinous disaster, however new problems lurk elsewhere in the region.
A gastro pub with an uncommon previous
• La Punto, a restaurant beneficial to World Cup guests in Sochi, Russia, has a much less savory previous: The constructing as soon as housed the drug-testing lab concerned in one of the elaborate dishonest schemes in sports activities historical past.
Where soccer followers now collect, a chemist tampered with urine samples throughout the 2014 Olympics to hide the widespread use of banned performance-enhancing medication by high Russian athletes.
One of our reporters visited the restaurant, the place the one clue to the location’s infamous previous could be discovered on the cocktail menu. One drink known as Meldonium, the title of the substance that led to Maria Sharapova’s suspension from tennis.
• Walt Disney sharply increased its offer for 21st Century Fox at this time, hoping to win a bidding conflict with Comcast for Rupert Murdoch’s leisure conglomerate.
• The variety of Americans seeking Social Security disability benefits is plunging, the most recent proof of a stronger economic system pulling folks again into the job market. The drop is so vital that the company has added 4 years to its estimate of how lengthy this system will probably be financially safe.
• Commerce Secretary Wilbur Ross shorted stock in a shipping firm — a tactic for profiting if share costs fall — days after studying that reporters had been making ready a doubtlessly adverse story about his dealings with the Kremlin-linked firm.
• General Electric, the final unique member of the Dow Jones industrial common, was dropped from the blue-chip index after greater than a century.
Tips, each new and outdated, for a extra fulfilling life.
• Want to remain wholesome in your subsequent journey? Here are four tips.
• We have recommendation for dealing with impostor syndrome.
• Recipe of the day: Keep stir-fry sauce in your freezer for simple, scrumptious meals.
• Explore the aftermath of a volcanic eruption
After the Fuego volcano erupted in Guatemala this month, it buried one village in sand, ash, rocks and tree trunks. Using augmented actuality, we captured what was left behind.
• Losing, and gaining, imaginative and prescient
What occurs when visible artists lose their sight? A brand new exhibition on the University of Cincinnati explores how artists adapted to vision loss and, in some circumstances, skilled a private renaissance.
• An awesome restaurant, backstage
Behind each nice restaurant is a finely tuned crew — and hours and hours and hours of labor. A Times photographer shadowed the staff at Craft, the Manhattan flagship of the chef Tom Colicchio.
• Best of late-night TV
Stephen Colbert offered some advice to Sarah Huckabee Sanders, the White House press secretary: “If kids in cages is too much for you to defend, there is one option: You could resign!”
• Quotation of the day
“If a woman goes inside the family’s home during her period, three things will happen. A tiger will come; the house will catch on fire; and the head of the house will get sick.”
— Runcho, a farmer in Nepal, explaining deeply entrenched superstitions in his a part of the nation that result in girls being banished from their properties whereas menstruating.
• The Times, in different phrases
• What we’re studying
Michael Wines, a nationwide correspondent, recommends this long read in The Atlantic: “You may disagree with the premise (and judging by the online response, a lot of people do), but this is probably medicine worth taking. The big income-disparity problem with America, the author argues, isn’t the top 1 percent but the top 9.9 percent — the lawyers, doctors, M.B.A.s and others who consider themselves just upper middle class. Which, he says, they most definitely aren’t.”
Steven Spielberg’s genre-defining movie “Jaws” was launched on this present day in 1975. It was his first big-budget movie, and it ushered in one of many business’s most profitable careers.
But the manufacturing was troubled with delays and budget-busting costs. Crew members known as it “Flaws,” and Mr. Spielberg — not but 30 years outdated — apprehensive he may by no means work in Hollywood once more. “No one had ever taken a film 100 days over schedule,” he stated.
Especially problematic had been three animatronic sharks meant to function the focal predator. Collectively often known as Bruce (after Mr. Spielberg’s lawyer), they proved disappointingly unmenacing. And they corroded and malfunctioned as a result of the younger director insisted on the realism of filming within the ocean, not in a tank.
Unable to point out various scenes of the movie’s linchpin, Mr. Spielberg improvised. He filmed some scenes from the shark’s standpoint and signaled its presence with John Williams’ now-iconic theme song. The outcome: a Hitchcockian buildup of stress and suspense. (The Times review was a bit dismissive.)
Even the manufacturing delays ended up serving to. “Jaws” missed the standard Christmas window, and a later launch (and a advertising blitz) made it one of the first summer blockbusters.
Emma McAleavy wrote at this time’s Back Story.