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

The Wall Street Journal
Good morning,
Europe’s Homegrown Terror
Investigators are homing in on the scope of the terror network behind the attacks in Brussels and Paris. At least 22 radical Islamists from Europe linked to the attacks are suspected to be still at large, putting security services on high alert. Many of the fugitives have been involved in previous Islamic State plots, and almost all of them have spent months or years fighting in Syria. Interviews and confidential court documents portray them as part of an extensive web of young men who developed a deep hatred of the West after embracing radical Islam at underground mosques and clandestine meetings in Molenbeek, a heavily Muslim district in the heart of Brussels. While authorities try to track down the fugitives, Belgians are also attempting to root out radicalization in Muslim communities before it poses a threat.
The Underdog’s Bite
Sen. Bernie Sanders’s fundraising defies political gravity. Despite remaining a clear underdog in the race for the Democratic nomination, the Vermont senator continues to rake in contributions: his latest fundraising haul in March was $44 million. When candidates start losing primaries, as Mr. Sanders did during the first half of the month, the flow of donations typically slows significantly. But his fundraising has continued apace, fueled largely by small-dollar online donors. He now holds a narrow lead over Hillary Clinton in polling for Tuesday’s Wisconsin primary. Meanwhile, the two candidates continue to spar over whether they will debate before the New York primary, a pivotal showdown in two weeks. And in the GOP race, Wisconsin’s conservative political network and its sophisticated Republican electorate could prove to be front-runner Donald Trump’s worst nightmare heading into an important primary.
Chinese Check-In
When Starwood’s big suitor from Beijing came unexpectedly calling again last month, its proposal eventually included an extraordinary clause to allay the Americans’ wariness: along with its $14 billion offer, Anbang Insurance Group agreed to pay even if Chinese regulators blocked the tie-up. We report on the behind-the-scenes of the Chinese company’s curious Starwood courtship. In ways small and large, Anbang’s approach to the hotel company was unorthodox, from surprise meetings to its shifting offers and a level of scrutiny of Starwood’s books that, to some involved, seemed less intense than expected. With Marriott now the winner after Anbang walked away, the episode raises central questions about China’s ability to play on the global M&A stage. In other China news, government efforts to tackle a glut of vacant housing by spurring home lending have triggered a bigger problem: a surge in risky subprime-style loans.
Nova Nation
Despite having all of the hallmarks of a team that would flop in the NCAA men’s basketball tournament, the Villanova Wildcats are on the verge of historic greatness. Villanova is the exact opposite of a team that should be alive this late in the season, writes our sports columnist Ben Cohen. But that’s what makes their loud romp this year one of the craziest runs ever in college basketball. With no players projected as NBA draft picks this season, the team’s average margin of victory in its last five games was 24.2 points, the most since the 1985 expansion. A win over North Carolina tonight would not only make the Wildcats the national champions. It would make Villanova’s unlikely case as a historically great NCAA tournament team.
TODAY'S VIDEO
Yogurt-to-Go
That Was Painless
Korea Yakult’s new motorized yogurt carts are making a splash on the streets of Seoul.
TOP STORIES
U.S.

Colleges Drill Down on Job-Listing Terms

GOP Senate Race in Colorado Draws a Crowd
WORLD

Greece Grapples With Unrest Ahead of Migrant Transfers to Turkey

U.S., Russia Call for Restraint After Outbreak of Fighting in Nagorno-Karabakh
BUSINESS

Hain Celestial to Reformulate Some Products, Drop Claim on Chemical

Staples Finds New Use for Its Stores: Office Space
MARKETS

Cyberthieves’ Latest Target: Your Tax Forms

Tuna and Gunships: How $850 Million in Bonds Went Bad in Mozambique
NUMBER OF THE DAY
$2.6 billion
The bid, announced this morning, with which Alaska Air clinched a deal for Virgin America, besting rival JetBlue Airways. The deal signed Friday night was more than $1 billion over Virgin America’s market capitalization that same day.
QUOTE OF THE DAY
The rail-safety statistics have never been better, but nasty, nasty accidents are still occurring.
Steven Ditmeyer, a former federal railroad official, on the deadly crash of an Amtrak train into a maintenance vehicle near Philadelphia yesterday.
TODAY'S QUESTION
Going back to our story above, what are your thoughts on Mr. Sanders’s fundraising? 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 Friday’s question on California and New York moving to become the first states to lift the minimum wage to $15 an hour, Paul Dembry of California said: “The real minimum wage is $0 per hour because that is what you will earn if you cannot generate enough revenue for a business to cover your costs. Also note that there are two Californias: high-cost coastal regions and the vast lower cost, high-unemployment Central Valley. Imposing a one-size-fits-all policy will quicken the demise of the lower cost areas.” Victor A. Guindi of New York wrote: “It seems that this drastic increase in minimum wage may be beneficial for a small percentage of workers in the short run who will earn more, but in the long run it will negatively impact workers and employers as employers will not be capable of providing these wages to their workers.” And Mike Edelmuth of Tennessee commented: “Considering how the cost of living has risen, $15 seems reasonable, except it will force the cost of living even higher for those who can least afford it.”
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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