What We’re Following: China Devalues Its Currency
China devalued its currency Tuesday amid signs that the country’s economy—the world's second-largest—continues to slow down. The country’s central bank set the value of the yuan nearly 2 percent weaker against the dollar. The devaluation was the currency’s biggest depreciation since China’s modern exchange-rate system was set up in 1994.
Japan Restarts a Nuclear Reactor: Two years ago, Japan shut down all of its nuclear reactors. On Tuesday morning, one of them kicked back into gear. The country imposed a ban on nuclear-power generation in September 2013 in response to the meltdown of several reactors at the Fukushima Daiichi plant following a devastating tsunami in 2011. The government welcomed Tuesday's move, but a majority of Japanese now oppose the use of nuclear power.
More Protests and Arrests in Ferguson: A second night of protests in Ferguson, Missouri, to commemorate the first anniversary of Michael Brown’s death led to dozens of arrests and saw patrols by an armed group that calls itself the Oath Keepers. Matt Ford looks at the Supreme Court decision that allows law-enforcement officials to take DNA samples from citizens they arrest.
- Jeffrey Goldberg: “The deal negotiated by John Kerry and his team may very well prevent Iran from gaining possession of a nuclear weapon for a very long time—and rejection of the deal now by Congress is unlikely to lead to a good outcome—but the risks here are huge.”
- Joe Pinsker: “In 2006, Jimmy Wales, Wikimedia’s most public-facing board member, reportedly said that undisclosed paid editing—trying to alter the content of Wikipedia without revealing a financial conflict of interest—is ‘antithetical’ to the site’s aims. The practice continued at a low hum over the rest of the decade, but a few years ago Wikimedia started hearing from its volunteer editorial corps that weeding out undisclosed paid edits was distracting from more substantive work.”
- Megan Garber: “[David Foster] Wallace died before Facebook went mass-market, before Twitter exploded onto the scene, before the web came, fully, to saturate our habits of life and social interactions. Could the kind of transcendent celebrity he both enjoyed and resented have survived life on the Internet?”