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

The Wall Street Journal
Good morning,
The Hawkeye Moment
Caucus day has finally arrived. As the crowded Republican presidential race spills into its final day in Iowa, the top-tier candidates are making sharply different cases for why each should win the nation’s first election contest. But the most important variable appears to be how many people will make the trip to their local precinct. That number could prove the difference between a once-improbable win and a disappointing finish for Donald Trump. Meanwhile, Sen. Bernie Sanders has taken a strategic gamble to go negative at the very last minute in hopes of notching a victory over Hillary Clinton. He ran a new TV spot that implies Mrs. Clinton is in the pocket of Wall Street and yesterday called her email practices a “very serious issue” that could render her unelectable—after refusing to talk about it earlier.
Market Shut-Out
A frigid January for initial public offerings is pointing to a hard winter for fledgling companies seeking to go public. Investors and analysts attribute the dearth to the global stock-market rout of the first two weeks of the year, which signaled a broad retreat from risk by investors. The news comes as some of the biggest names in the hedge-fund industry are piling up bets against China’s currency, setting up a showdown between Wall Street and the leaders of the world’s second-largest economy. Currency headwinds have also dogged the biggest names in the technology sector and once again loom large in the current earnings season. The problem is expected to weigh on the numbers due today from Google’s parent, Alphabet.
Stony Path to Peace
Ahead of possible United Nations-sponsored peace talks, a delegation representing the Syrian regime has already met the U.N. diplomat tasked with resolving the Syrian crisis. But opponents of President Bashar al-Assad’s regime have threatened to stay out of the negotiations in Geneva until their demands are met. They want an end to the bombardment and sieges of rebel-held areas before engaging in any talks on a political solution to the five-year conflict. The warning came as a series of bomb blasts claimed by Islamic State outside the capital Damascus left at least 45 people dead. Meanwhile, Saudi Arabia and Turkey came out in support of Syria’s opposition members yesterday, but played down their roles in setting the agenda for the negotiations.
The College Racket
It’s safe to say that many families put a lot of thought into choosing a college for their children. They focus their efforts on getting them into the best possible establishment, figuring that even if they’re paying more tuition now, they’re maximizing earnings down the road. But, as Eric Eide and Michael Hilmer put it in our special wealth report, following that formula blindly can leave graduates burdened with much more debt than necessary. Also in today’s report, we look at newly permanent tax breaks, the gender gap in charitable giving, why cyberthieves are targeting children and how to create an income stream from the art you sell.
The Iowa Caucuses: Three Things to Watch
That Was Painless
As Iowans gather for the nation’s first presidential contest, the Journal’s Jerry Seib examines three things to watch for in the Democratic and Republican caucuses.

Ark Builder in Kentucky Is Buoyed by Court Ruling

Millions Eligible for Medicaid Go Without It

Refugees Made Homeless by Boko Haram Violence Die at Jihadists’ Hands

Iraqi Blockade of Occupied Fallujah Takes Toll on Civilians

Ryanair Launches Share Buyback as Profit More Than Doubles

Time Warner Talks With Hulu Zero in on Current Seasons

Activists’ Sway Shows Its Limits

The New Threat to Bank-to-Bank Lending
$154.3 million
The combined amount that Credit Suisse and Barclays agreed to pay to settle investigations by regulators into their “dark pools.” The agreements were announced in news releases yesterday, after The Wall Street Journal published a report about the impending settlements.
If everybody’s got their own set of facts, and you’re making your case and they don’t believe you because their set of facts is different from yours or the ones that are real, it’s hard to make the case. And that’s what’s happened.
Now down to 2% in the latest Des Moines Register/Bloomberg Politics Iowa Poll, Jeb Bush on his inability to convince voters of his political arguments.
Going back to our story above, what do you think of Bernie Sanders decision to finally go negative? Send your comments, which we may edit before publication, to Please include your name and location.
—Compiled by Khadeeja Safdar
Responding to Friday’s questions about the winner of the GOP presidential debate last week, Charlie Kendall of California wrote: “Marco Rubio clearly won last night’s debate. He displayed the ability to respond to questions with knowledge and a zeal that provided a sense of urgency to the importance of defeating the democrats in order to get America back on track without minimizing his competitors.” Russ Hagberg of Illinois wrote: “Governor Christie won the debate with his witty, timely comment about needing a ‘Washington Dictionary’ to sort through all of the ‘bull.’ I think that hit home with a lot of Americans. Governor Kasich has positioned himself for the vice presidency by emphasizing his experience and moderate positions, which would make him an excellent choice should either the inexperienced Trump, Rubio or Cruz secure the nomination.” Barry M. Wise of Washington commented: “Without Donald Trump, we ALL won last night’s debate. Super to see him raise $7M for vets and the debate was far better without him. A real two-fer.” But Ted and Francoise Gianoutsos of Alaska felt there was only one winner, “Obviously, Trump, that’s all anyone is talking about!”
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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