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As the United States hit 4 million confirmed cases of novel coronavirus infections Thursday, President Donald Trump announced he is canceling the Jacksonville, Florida, portion of the Republican National Convention planned for the end of August because of the pandemic.

As should have been expected, this bet on risky investments did not work and many S&L banks went bankrupt. Since the deposits were insured by the government, the taxpayers were on the hook to pay for the S&L banks' losses, which amounted to more than 2 percent of GDP.

As the second largest economy contributing roughly 30 percent of global growth, China has sailed in the uncharted waters to address tough reform tasks, shifting into a consumption-driven economy and implementing a supply-side reform to achieve green and sustainable development.

As the first batch of exhibits set sail for the second China International Import Expo, companies attending the show have pinned high hopes on the upcoming six-day exhibition.

As protesters in the United States began turning their initial outrage over the death of Floyd into demands for police reform and social justice, Democrats are proposing to overhaul legal protections for police and to fight systemic racism in the law enforcement.