Last week, weather stations across Spain warned people to take extra precautions because high temperatures increase the risk of devastating wildfires. China has reportedly decided to bar new initial public offerings of stock and create a fund to stabilize its stock market, which has been roiled by a wave of sell-offs. Twenty-one Chinese securities companies, in a joint statement released Saturday, said they would pledge no less than 120 billion yuan ($19.33 billion) to invest in Chinese stocks and funds. The Taliban offensive in Afghanistan demands a reassessment of the Obama administration’s plan to draw down U.S.