Our cover this week wishes America a happy 250th birthday. We have a host of articles in our weekly issue reflecting on the milestone. In one we calculate how much a 4th of July cookout will cost this year—and explain what might be pushing up the BBQ bill. 

Another big anniversary this week: on July 1st the Chinese Communist Party marked the 105th anniversary of its founding. But the celebrations were overshadowed by a troubling incident in the heart of Beijing, when a plane crashed into CITIC Tower, the capital’s tallest building. It was an embarrassing and unusual security lapse. The government is trying to hush it up.