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JR and Loren Ridinger wanted a new yacht. First, they needed to get rid of the old one.

These Millionaires Tried Turning on the Yacht Into a Tax Break. The IRS Sank Their Plan.

These Millionaires Tried Turning on the Yacht Into a Tax Break.

The IRS Sank Their Plan.

©

Illustration by Brandon Celi for The Wall Street Journal

The 116-foot Utopia II wasn't selling, so the Ridingers and their lawyers hatched an alternative plan: Donate it, and reap big tax deduction.

Lots of charities take shoes and clothes. Some take the cars (often selling them for cash). Yachts, not so much.

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A Spy is Turned Up Dead in Ukraine.

Who Was He Working For?

Days after Russia's invasion of Ukraine, the corpse turned up in Kyiv.

The man was a spy.

WSJ's Brett Forrest reports his work was more complicated than it seemed.

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As the U. S. military retrieves debris from a Chinese balloon destroyed this month over the Atlantic Ocean, new directions are emerging from Washington of how high-tech components might point to a new Beijing spying threat.
The Commerce Department on Friday named six Chinese enterprises as makers of balloon and airship equipment, which the agency alleged is connected to intelligence gathering by the People's Liberation Army. The enterprises were added to a lengthy register of companies of the U. S. aims to block from obtaining American high technology—sophisticated components and processes China lacks and that the government believes could be used to do harm to U. S. interests.Navy sailors recover the remains of the Chinese balloon off the South Carolina coast after the vessel was shot down over the Atlantic Ocean.
PHOTO: U. S. NAVY/ASSOCIATED PRESS

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