Today’s selection of articles:
- “China started the trade war, not Trump“, by Greg Ip (Wall Street Journal). A defence of standing up to China’s “predatory trade practices” — though Trump’s stance is not ideal.
- “Reading, writing, and Xi Jinping thought: China’s students learn leader’s philosophy“, by Te-Ping Chen (Wall Street Journal). China’s Ministry of Education will require high school students to take courses on Xi’s thought.
- “Dropbox prices IPO above range, marking strong demand“, by Maureen Farrell (Wall Street Journal). Dropbox (DBX) opened at $29 per share, up almost 40% from the $21 IPO price.
- “For Tesla, cars + cash + credit + convertibles = crunch time“, by Liam Denning (Bloomberg). Tesla’s large outstanding debt — including debt acquired in its acquisition of SolarCity — looms large. Refinancing threatens to be massively more expensive.
- “LiDAR maker Velodyne ‘baffled’ by self-driving Uber’s failure to avoid pedestrian“, by Alan Ohnsman (Forbes). Velodyne sympathetic but skeptical that the problem was in the LiDAR.
- “Beware of roboadvisors bearing low fees“, by Felix Salmon (Wired). A peaen to passive investing.