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

The Wall Street Journal
Good morning,
What Happened in Vegas
Donald Trump’s bandwagon rolled on through Nevada last night as the colorful businessman won the state’s Republican caucuses, claiming victory in a third consecutive state in the Republican primary. The outcome gives him another shot of momentum heading into the March 1 Super Tuesday primaries, which cut deeply through the Bible Belt and will test whether Sen. Ted Cruz’s appeal to evangelicals can offset the front-runner’s advantage. Mr. Trump’s perch atop the polls—and his primary wins now in states across the nation—have triggered frantic hand-wringing from his many critics in the Republican Party who worry time is running out to deny him the presidential nomination. In other election news, a federal judge will allow a conservative watchdog group to gather evidence in a lawsuit against the State Department about Hillary Clinton’s use of a personal email server.
Confronting Moscow
Convinced that Russia won’t abide by a cease-fire in Syria, President Barack Obama’s top military and intelligence advisers are pushing for ways to increase pressure on Moscow, including expanding covert military assistance for rebels. At the heart of the debate is how much confidence to place in diplomacy at this point in the Syria drama, and an emerging alliance of hawks within the administration is calling for measures to “inflict real pain on the Russians.” Meanwhile, a United Nations report points to a paradox that it says is hindering peace plans: the countries pushing for peace are the ones fueling the war. Mr. Obama is also under pressure back home where Republicans dismissed his plan to close the Guantanamo Bay prison and, in the Senate, have decided not to hold confirmation hearings on his choice for Supreme Court.
When Pigs Fly
Global stocks fell this morning, weighed by fresh declines in commodities prices and China’s currency. Yesterday, Saudi Arabia delivered its starkest message yet that it wouldn’t rescue the oil industry by cutting production. Markets in Asia slid and U.S. oil prices dropped following the comments from Oil Minister Ali al-Naimi. In Europe, the British pound fell to a fresh seven-year low this morning on growing speculation that the U.K. could vote to leave the European Union. Meanwhile, the biggest U.S. IPO this year is a a blank check to go bargain hunting in the oil patch: Mark Papa’s Silver Run Acquisition has raised $450 million and hopes to snap up oil and gas assets on the cheap. And while declines in 2016 have been swift and broad, some corners of the market, including tobacco stocks and lean-hog futures, have shown resilience. The Journal compiled a snapshot of the year-to-date performance for a cross-section of markets.
Engineering Failure
The most valuable problems may be the unsolvable ones. The engineering school at Northwestern University is using the power of problems without clear solutions to prepare freshmen for the ups and downs of college and careers. Aware that some of its academically successful students arrive on campus without ever having failed at anything, the university requires all new engineering majors to take an unusual course featuring challenges they often can’t meet: working in teams to design and build devices to help individuals with disabilities. Learning to handle failure in small doses equips students for bigger challenges, professors say, building resilience and humility.
TODAY'S VIDEO
Tied Up in Knots
That Was Painless
Take a virtual-reality tour of IKEA’s carpet factory in Bhadohi, northern India. The Swedish retailer is trying to modernize a process that has remained almost unchanged for centuries, while navigating a law requiring foreign retailers to acquire products made locally.
TOP STORIES
U.S.

States Set Up Fight Over Web Sales Tax

New-Voter Drive Targets Latino Immigrants
WORLD

China Flew Fighter Jets to Disputed South China Sea Island, U.S. Officials Say

Pakistan Frets Over Potential Appeal of Islamic State
BUSINESS

Viacom Seeks Deal for Paramount Film Studio

Apple’s Evolution Into a Privacy Hard-Liner
MARKETS

London Stock Exchange, Deutsche Börse Bet on New World of Mega-Exchanges

Goldman Sachs Banker Who Had Ties to 1MDB Leaves Bank
NUMBER OF THE DAY
$255,000
The median annual pay of an S&P 500 board member. Compensation of nonexecutive directors climbed nearly 50% between 2006 and 2014, according to analysis of data by the Journal.
QUOTE OF THE DAY
I do it everywhere: supermarkets, pharmacies, banks…And if someone complains, I say I have priority.
José Rodrigues de Farias, 72 years old, on cutting in line. In Brazil, where long waits are all too common, people aged 60 and over are entitled by law to “immediate” and “differentiated” attention.
TODAY'S QUESTION
Going back to our story above, what are your thoughts on the GOP caucus results in Nevada? Send your comments, which we may edit before publication, to 10point@wsj.com. Please include your name and location.
—Compiled by Margaret Rawson
READER RESPONSE
Responding to yesterday’s question about older American women working longer, Fran D. Robertson of Tennessee wrote: “Due to the fact that many men and women are being forced to assist with financially raising their grandchildren or assist with helping their grown children, it is an absolute fact that we will be forced to work longer.” Mary G. Ryan of Virginia commented: “Women who stayed home in the ‘70s to raise their children got a late start on their career. If they have done well, that would appear to be a driving reason to stay on. The rewards of a job well done don’t have to stop because of the number you happen to be.” And Sarah Werner of Colorado weighed in: “Despite the availability of qualified older working women, many employers prefer to hire younger employees at a lower salary. My experience has taught me that older women workers tend to be reliable, competent team players who are not addicted to their phones.”
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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Copyright 2016 Dow Jones & Company, Inc. All Rights Reserved.   

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