‘Do the communist revolution…’: Raghuram Rajan challenges Thomas Piketty’s wealth tax suggestion for India

At least five people were killed and fourteen injured due to a landslide triggered by heavy rainfall on the route to the Mata Vaishno Devi shrine in Jammu and Kashmir's Reasi district. The incident has led to the suspension of the pilgrimage and significant disruptions, including the cancellation of nearly 18 trains and the closure of major highways due to flooding and landslides. Want More Context? 🔎

German envoy Georg Enzweiler criticized the US tariffs on various countries as "obstacles to free trade" and advocated for minimizing tariffs during a media interaction. This statement follows the US's announcement of additional tariffs on India, effective August 27, as a response to perceived threats from Russia, impacting a wide range of Indian products. Want More Context? 🔎

Heavy flooding from the Beas river has severely impacted the Chandigarh-Manali highway, washing away sections near Kullu and blocking the Manali-Leh road, with multiple vehicles damaged and businesses affected. A red alert has been issued, leading to school closures across several districts, while traffic diversions are in place as rescue efforts continue. Want More Context? 🔎

Chicago Sky pay tribute to Candace Parker with jersey retirement Candace Parker's No. 3 jersey was retired by the Chicago Sky, making her the second player in WNBA history to receive this honor from multiple franchises. The ceremony celebrated her impactful career, including her pivotal role in leading the Sky to their first championship in 2021, highlighting her deep ties to Chicago and her legacy in women's basketball. Want More Context? 🔎

US President Donald Trump asserted that the U.S. has significant leverage over China in the ongoing trade dispute, claiming he could "destroy" the Chinese economy if he chose to use it. Amidst escalating tariffs and a recent agreement to extend a trade truce, Trump hinted at imposing 200% tariffs on rare earths and mentioned a potential trip to China following discussions with President Xi Jinping. Want More Context? 🔎

The Tampa Bay Buccaneers have released rookie defensive tackle Desmond Watson, who missed training camp to focus on weight loss but was unable to secure a spot on the roster due to conditioning issues. Despite his previous success at Florida, the team needed players ready to compete immediately, sparking mixed reactions from fans about the challenges rookies face in the NFL. Want More Context? 🔎