Charlie Riedel / AP

"Across the nation, kids of all skill levels, in virtually every team sport, are getting swept up by a youth sports economy that increasingly resembles the pros and at increasingly early ages," Sean Gregory writes in TIME's cover story:

  • "[L]ocal leagues have been nudged aside by private club teams, a loosely governed constellation that includes everything from development academies affiliated with pro sports franchises to regional squads run by moonlighting coaches with little experience."
  • "The most competitive teams vie for talent and travel to national tournaments. Others are 'elite' in name only, siphoning expensive participation fees from parents of kids with little hope of making the high school varsity, let alone the pros."
  • "2% of high school athletes go on to play at the top level of college sports,"
  • Why it matters: "As expensive travel teams replace community leagues, more kids are getting shut out of organized sports. Some 41% of children from households earning $100,000 or more have participated in team sports, according to the Sports & Fitness Industry Association. In households with income of $25,000 or less, participation is 19%."

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Breaking down the Tesla obsession

Illustration: Sarah Grillo/Axios

Tesla is the company of the moment — the prime exemplar of just about any big and important trend that you might care about.

Why it matters: Almost every reader of finance and business news will have at least one strongly-held opinion about Tesla. What you might not realize is just how widely those opinions range, and the degree to which they map onto much broader views of the world.

Gallup: Party preference swings dramatically in favor of Democrats

Photo: Jim Watson/AFP via Getty Images

Americans' political party preferences have swung sharply from a 2-point Republican advantage in January to an 11-point Democratic advantage in July, according to Gallup's monthly averages of telephone polls in 2020.

The big picture: The dramatic shift is more a product of fewer people identifying as Republican or Republican-leaning (down 8% since January) than gains among those who identify as Democratic or Democratic-leaning (up 5%).

Nancy Pelosi: "I yearn for other Republican presidents"

House Speaker Nancy Pelosi (D-Calif.) called on President Trump Thursday to exercise "the full power" of the Defense Production Act to meet coronavirus equipment needs and accused him of engaging in a "massive dereliction of duty" by ignoring science during the pandemic.

What she's saying: "I yearn for other Republican presidents," Pelosi said at a press conference. "While we may have disagreed on many points, but at least we had a shared commitment to the governance of our country."