The Golden State Warriors, the NBA’s defending champion, now stand three wins from tying the league record of 72 in the regular season. Much of the credit belongs to the star guard Stephen Curry. But there is another tale to be told. It involves a group of executives, led by a Silicon Valley financier, with limited experience that bought a floundering franchise in 2010 and set out to fix it by raising a single question: What would happen if you built a basketball team by ignoring every orthodoxy of building a basketball team? The dominance the Warriors have displayed this season can be traced back to one of the most unusual ideas embraced by the data-loving executives: the notion that the NBA’s 3-point line was a market inefficiency hiding in plain sight. We report how the Warriors have revolutionized the game of basketball, and how Mr. Curry sinks so many 3-pointers.
When it comes to summer travel, a strong dollar and cheaper airline tickets are overpowering terrorism fears. Travel agencies say bookings are already filling up in popular destinations across Europe. Paris tourism, hit hard by the November attacks, has rebounded significantly, though some travelers are opting to explore lower-profile destinations considered less likely to be a target, such as Lisbon and Prague. The strength of the U.S. dollar against other currencies has made it much cheaper for Americans to venture abroad. And low oil prices and increased competition among airlines, both domestically and internationally, have kept fares down on many routes this year. “We’re kind of learning to live with this now. The traveler is much more resilient these days,” said the chief executive of the World Travel & Tourism Council.
Going back to our story above, what are your thoughts on the U.S. government’s recent action against inversions? Send your comments, which we may edit before publication, to firstname.lastname@example.org. Please include your name and location.
—Compiled by Margaret Rawson
Responding to yesterday’s question on the Wisconsin primary results,Toby Perkins of Pennsylvania wrote: “It is interesting to observe from the Wisconsin results that while populism may be fading among Republicans with Donald Trump’s poor showing, it may be surging among Democrats with Bernie Sanders’s win and momentum.” Gordon E. Finley of Florida said: “There is a major difference in the two victories. The Republican win was based on antipathy and large strategic establishment dollar bets while the Democratic win was based on hope for a better life and small contributions. Looking forward, the key question in my view is can the will of the people prevail against the establishment.” And Bob Kenney of Maryland commented: “I’ve been hoping my whole life for a contested political convention instead of the ultra-boring 4-day infomercials we’ve been forced to endure for decades. And now we may have two!”
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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