China’s Tax Revenue Declines as Its Leaders Brace for Trump’s Tariffs

Buried in China’s latest government budget were some numbers that add up to an alarming trend. Tax revenue is dropping. The decline means that China’s national government has less money to address the country’s serious economic challenges, including a housing market crash and the near bankruptcy of hundreds of local governments. Weak tax revenue also … Read more

Friday Briefing: Hamas Targets Tel Aviv

Hamas targeted Tel Aviv with rockets Hamas fired its first barrage of rockets in months into Israeli territory yesterday as Israeli troops expanded ground operations across Gaza. After the collapse of a two-month cease-fire, the fighting now looks as if it is escalating back to full-scale war. Despite street protests in Israel, Prime Minister Benjamin … Read more