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The 10-Point: My Guide to the Day's Top News

The Wall Street Journal
Good morning,
Beijing’s Reckoning
China’s economy seems headed for more turbulence in 2016 and beyond. The Chinese leadership is once again committing to a radical economic-reform program that aims to set the country on course for sustainable long-term growth at the potential cost of serious short-term weakness. The blueprint focuses on reducing industrial overcapacity, slashing costs for businesses, cutting unsold property inventory and fending off financial risks. The renewed pledges come after China’s yearlong effort to stoke demand through interest-rate reductions and government spending yielded little fruit. “The economy will follow an L-shaped path, and it won’t be a V-shaped path going forward,” an official said at the annual year-end meeting of China’s top economic mandarins, while ruling out any chances of China launching another round of aggressive stimulus measures such as the one initiated in late 2008. Meanwhile, worries about economic growth are fraying the social compact that makes limits on personal freedoms worthwhile for many Chinese.
Trumping Clinton
The crossfire between the two leading presidential candidates has intensified. Hillary Clinton’s campaign yesterday stood by her claim that Donald Trump’s rhetoric is being used as propaganda by terrorist groups, though there is no evidence Islamic State has put him in its videos. The spat represents a new phase in the presidential campaign for Mrs. Clinton, who has begun to sharpen her attacks on her Republican rivals, with Mr. Trump emerging as a top target. Our Washington bureau chief Gerald Seib considers the bright side of the 2016 White House race. He notes that it is crystallizing candidates’ views on whether America is better off trying to change unfriendly and dangerous governments or contain them. Meanwhile, documents from October show Ben Carson’s campaign hemorrhaging cash, putting the retired neurosurgeon’s effort under water months before the first early-state voters caucus and cast ballots.
Forever a Loan
The U.S. government is helping shaky colleges cope with bad loans. Officials are guiding schools on how to clean up data and keep access to federal aid. At 108 four-year colleges, at least half of all students hadn’t paid even $1 of what they owe three years after leaving college, according to an analysis by the Journal of the latest government data. Those colleges got more than $10 billion in federal student loans and grants last year. However, keeping troubled colleges alive is more controversial than ever, since federal student-loan debt has doubled to $1.2 trillion since 2007. “They can help a school fix their default rate, but do they actually help fix their students’ economic well-being?” says one assistant professor.
The Sit-Up’s Stand-Down
The sit-up’s reign as a workout standard may be ending. Physical-training gurus and military experts are pushing for alternative exercises, such as the plank pose, to prevent back injuries. Plank uses muscles on the front, side and back of your midsection, while a sit-up requires just a few muscles, experts say. The Army in recent years put 10,000 soldiers through a pilot of a revamped physical-fitness test that excluded sit-ups. The Marines and Navy also are reviewing their tests. A spokesman for the American Council on Exercise called the sit-up “an antiquity of exercise best left in the dustbin of fitness history.” And in other health news, we look at how you can maximize the impact of your workouts and the effects of chronic heavy drinking on brain function.
TODAY'S VIDEO
SpaceX Successfully Lands Rocket After Launch
That Was Painless
SpaceX made history on Monday when it landed an intact Falcon 9 rocket vertically back on Earth shortly after its launch. WSJ’s Monika Auger reports. Photo: Joe Skipper/Reuters
TOP STORIES
U.S.

Driver in Las Vegas Strip Car Incident Expected to Be Charged With Murder

New Federal Rules for Mortgage Forms Accused of Delaying Home Loans
WORLD

Bomb Kills Six American Troops in Afghanistan

Iraqi Army Begins Final Offensive to Retake Ramadi from Islamic State
BUSINESS

BHP Billiton Raises Death Toll From Brazilian Dam Burst

Toshiba, Facing $4.5 Billion Loss, Plans Deep Cuts
MARKETS

How Brazil’s Top Investment Banker Built, and Lost, an Empire

SEC to Retrench Case Against SAC’s Steven A. Cohen
NUMBER OF THE DAY
456
The number of U.S. car dealerships that have been acquired thus far in 2015, a 40% increase over the prior year, according to The Banks Report, which tracks merger and acquisitions in car retailing.
QUOTE OF THE DAY
Four months ago at the very first debate, I said that any candidate that did not understand that we need more American troops on the ground in Iraq and Syria to defeat ISIL wasn’t ready to be commander-in-chief.
Republican Sen. Lindsey Graham, in a message to supporters yesterday, on how the rest of the GOP field in the presidential race now shares his call for a muscular approach in the Middle East—though no other candidate has called for sending more American troops to battle Islamic State. With that, he dropped out of the 2016 race for the White House, ending a foreign-policy-focused campaign that never gained traction with voters.
TODAY'S QUESTION
Going back to our story above, what are your thoughts on Hillary Clinton’s new strategy of attacking Donal Trump? Send your comments, which we may edit before publication, to 10point@wsj.com. Please include your name and location.
—Compiled by Khadeeja Safdar
READER RESPONSE
Responding to yesterday’s question about the new Star Wars movie, Russell Winsor of Texas wrote, “J.J. Abrams did very well in this movie (unlike the last Star Trek). He went back to the feel and look of the original trilogy and hit a home run. The movie sets us off in new directions with a ton of back stories to investigate on the new characters and what has transpired with the old ones since the Empire fell in 1983. I introduced my grandchildren to the series by taking them to this movie; now they are watching the previous six films and becoming a new generation of fans. This movie was well done indeed.”
This daily briefing is named "The 10-Point" after the nickname conferred by the editors of The Wall Street Journal on the lead column of the legendary "What's News" digest of top stories. Technically, "10-point" referred to the size of the typeface. The type is smaller now but the name lives on.
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