Jun 10, 2018

U.S. Army to place new Futures Command near major city

A man carrying traditional bread walks past soldiers of the 10th Mountain Division of the U.S. Army in Ghazni, Afghanistan. Photo: Dibyangshu Sarkar/AFP/Getty Images

The U.S. Army hopes to build its new Futures Command headquarters in a major city, allowing it to be close to major academic institutions and experts in technology and innovation, per the AP. It's a notable change for the Army, which typically prefers locating in rural areas to maximize space and minimize public disruption.

The details: The Futures Command is set to investigate emerging threats to the U.S. — and study and mobilize the necessary equipment to tackle those challenges. Army officials had 15 cities under consideration, narrowing the list to an undisclosed number of finalists — though they've visited Boston, Raleigh, and Austin.

Go deeper

In photos: Protests over George Floyd's death grip Minneapolis

The Third Police Precinct burns in Minneapolis on Thursday night. Photo: Stephen Maturen/Getty Images

Demonstrators demanding justice burned a Minneapolis police station and took control of the streets around it last night, heaving wood onto the flames, kicking down poles with surveillance cameras and torching surrounding stores.

What's happening: The crowd was protesting the death of George Floyd, an unarmed black man whose life was snuffed out Tuesday by a white Minneapolis police officer who kneeled on his neck for about eight minutes.

1 hour ago - Sports

European soccer's push to return

A Bundesliga match between Borussia Dortmund and Bayern Munchen in an empty stadium. Photo: Alexandre Simoes/Borussia Dortmund via Getty Images

European soccer made a splash Thursday, with two of its biggest leagues announcing official return-to-play dates in June.

Why it matters: Soccer is the world's most popular sport, so watching its return through the lens of various leagues, countries and cultures — all of which have been uniquely impacted by the coronavirus pandemic — is illuminating.

The corporate bankruptcy wave has just gotten started

Illustration: Sarah Grillo/Axios

Even with trillions of dollars in loans, grants and government support — with markets having absorbed a record $1.22 trillion of corporate debt in just five months — a slew of companies are defaulting on their loans and filing for bankruptcy in what is expected to be a record wave of insolvencies and defaults.

Why it matters: While equity and debt markets have rallied thanks to massive interventions from the Federal Reserve and Congress and excitement about the removal of lockdown orders, the real economy is quietly buckling, with many companies threatened by issues that predate the coronavirus pandemic.