Your guide to the WSJ's exclusive reporting and analysis.
✏️ For children in Tibet, Chinese propaganda is just part of preschool. Beijing officials are targeting younger children before they can absorb their native language and way of life. At a growing network of preschools, lessons emphasize Chinese culture and campus signs say: "I am a Chinese child, I love speaking Mandarin." In the U.S., meanwhile, even those in the top 10% of earners feel like they're pinching pennies. And there's a scary new summer holiday that features jack-o'-melons and scantily clad skeletons: Summerween. | |
Emma Tucker
Editor in Chief, The Wall Street Journal | |
- The GOP-controlled Senate voted to advance President Trump's megabill despite two defections, potentially putting it on track for passage by Monday before it heads to the House.
- While Israel and the U.S. bombed Iranian nuclear sites, an anonymous group of pro-Israeli hackers hobbled Iran's financial system.
- As the Supreme Court heads for a summer break that may prove short-lived amid a stream of emergency appeals from the Trump administration, read our top takeaways from its rulings.
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- One measure of market breadth recently touched a new high, indicating that the summer stock rally is expanding beyond big tech.
- Sixth Street's Alan Waxman, a pioneer in private credit, warns that the industry is ruining its golden era by transforming into a commoditized business.
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| China is stealing language and home life from Tibetan kids as young as 4. | |
Beijing is spending hundreds of millions to build a network of preschools across Tibet, an extension of its decadeslong push to gut local culture and blunt generations of opposition to Communist Party rule. In these daylong preschools, children are taught in Mandarin, and lessons emphasize Chinese culture. Classes offer some familiar games and crafts, but also glorify the Communist Party and Chinese identity, report Josh Chin and Niharika Mandhana, with teachers staging skits telling children their clothes, shoes and well-being are gifts from the party. Chinese officials didn't respond to a request for comment. | |
| Leo Radvinsky is the mysterious billionaire behind the OnlyFans porn empire. | |
The 43-year-old has mastered the art of staying unseen. Though he transformed online pornography from a largely ad-supported business into a lucrative social-media service, he doesn't give interviews and avoids industry events. (Through a spokeswoman, Radvinsky declined to comment for our story.) Yet the Northwestern University economics graduate is now looking to sell the platform for as much as $8 billion—a sum that would allow him and his wife to plow more money into philanthropy. | |
Stay up to date on the Trump administration's latest moves. | | | | |
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| Q: Why don't Americans in the top 10% of earners feel rich? | |
By many measures, the most affluent are doing well. Reporter Rachel Louise Ensign wrote about why many high-earning families still feel financially fragile. | |
A: American households that make about $250,000 or more are typically considered to be in the top 10% of earners. Many in that bracket realize that the number sounds huge. Yet the topline figures can mask a sense of financial anxiety in many high-earning families. Years of soaring costs for housing, college, insurance and borrowing feel oppressive, even for those with hefty paychecks. They might be sitting on a mountain of home-equity gains, but that doesn't provide a huge sense of security when companies are getting rid of white-collar workers and it's the rare employer that offers a guaranteed pension. It's not that families making $250,000 feel poor—many make much more than their parents ever did, or much more than they themselves ever thought they would. It's just that they don't feel rich, either. | |
| In a high-price world, coupons have become passé. | |
| | | | Note: Only includes coupons for consumer packaged goods. Source: RRD. Credit: Andrew Mollica/WSJ | |
Even though prices of everyday items have soared in recent years, clipping coupons has fallen by the wayside in a world where people have less time to spare and increasingly shop online. Marketers distributed 50 billion coupons last year, down from more than 330 billion in 2010, according to marketing and commercial-printing services company RRD. Many cost-cutters who once favored extreme couponing have pivoted to credit-card points and loyalty programs. | |
- Monday: WSJ's legal reporters host a live Q&A on the Supreme Court in the Trump era at 1 p.m. ET. Submit your questions here. The Wimbledon tennis tournament begins in London.
- Tuesday: Fed Chair Jerome Powell takes part in a panel at the European Central Bank's Forum on Central Banking.
- Wednesday: "Jurassic World Rebirth" debuts in theaters. Check out what else is happening in arts & culture this week.
- Thursday: The Labor Department releases its June jobs report at 8:30 a.m. ET.
- Friday: Independence Day. No 10-Point newsletter.
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The approximate number of applications France's Aix-Marseille University said it received in three weeks for its Safe Place for Science program, which promises academic freedom to U.S. scholars threatened by Trump's overhaul of U.S. academia. Applicants came from Harvard, Yale, Princeton, Columbia and Stanford. Universities across Europe, including in France, the U.K. and Belgium, have set up funds to help U.S. researchers relocate to the continent and continue their scholarship. | |
| Halloween fans who can't wait til October are celebrating Summerween. | |
The faux holiday first started to catch on last summer and has grown even bigger this year. Retailers have taken notice. Some started stocking Halloween merchandise as early as April. TJ Maxx offers decor specifically for Summerween: an ornament of Frankenstein in a beach chair, a candle with a ghost in a pool. Walmart's front-of-store "Summer Frights" section includes blankets emblazoned with skeletons in bikinis. | |
| | About Us | The 10-Point is your guide to The Wall Street Journal's reporting and analysis you can't get anywhere else. Your subscription makes our journalism possible. Today's newsletter was curated and edited by Conor Grant and Cristina Roca in collaboration with Editor in Chief Emma Tucker. | |
