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

The Wall Street Journal
Good morning,
A Taxing Manifesto
After making remarks over the weekend that left some Republican tax experts trying to decipher what he believes on key GOP policies, Donald Trump sought to clarify his views on fiscal and monetary issues on Monday, saying he was open to compromise on tax cuts but wouldn’t try to alter the terms of the nation’s $19 trillion in debt. The presumptive GOP nominee is scheduled to meet this week with House Speaker Paul Ryan, who is still deciding whether to back the New York businessman. Mr. Ryan said yesterday that he would step aside as chairman of the GOP nominating convention if Mr. Trump wanted him to. Partisan dysfunction in Washington, more than ideology, draws voters to Mr. Trump, writes our Washington bureau chief Gerald F. Seib. Meanwhile, in the Democratic race, Hillary Clinton must continue to fight with Sen. Bernie Sanders for votes, despite her overwhelming lead.
Bathroom Brawl
While national policy debates simmer over taxes, spending and national security, the hot-button issue in North Carolina remains bathroom choices. The state and the Obama administration filed dueling lawsuits against each other yesterday over the state’s bathroom law, in a legal showdown that some experts said could settle for good the question of whether the 1964 Civil Rights Act protects transgender people. The state accused the Justice Department of employing bullying tactics and federal officials countered that the state is mistreating transgender people by telling them which restrooms they can use. The Justice Department contends the access rights of transgender people are protected under language in the 1964 law that bars discrimination based on sex, race and other factors. The Obama administration’s view of civil-rights law recently prevailed in a suit filed by a transgender student in Virginia that challenged a school district policy banning him from the boys’ restroom.
Leaving the Club
LendingClub CEO Renaud Laplanche, the face of the online-lending industry, was pushed out of the firm he founded yesterday after the board said it found problems with its lending practices and what it called the executive’s lack of disclosure surrounding a personal investment. The ouster amplified concerns about the business model Mr. Laplanche pioneered, and the company’s shares tumbled 35%, lopping off nearly $950 million in market value. LendingClub, by most measures the biggest and most successful in a wave of online lenders that have blossomed since the financial crisis, said a board review found that the San Francisco company sold an investor $22 million in loans whose characteristics violated the investor’s “express instructions.” Mr. Laplanche discovered initial falsifications and ordered an internal probe, but the board later determined that he didn’t give investigators a complete account of what he knew.
Munich Attack
Breaking on WSJ.com: German police said one man died and three others were injured in a knife attack by a 27-year-old German man, at a train station outside of Munich early this morning. German media reported that, according to witnesses, the knife-wielding man screamed “Allahu akbar” before the attacks. Police didn’t fully confirm that version of events. “The man made statements during the attack that implied a political motive,” police said in a statement.
Practicing Resilience
To reduce physician burnout, hospitals are teaching residents to be more resilient as they deal daily with seriously ill and dying patients, as well as their distraught families. The increased focus on coping skills comes amid rising concern for the psychological health of physicians: a recent study found burnout rates among pediatrics residents at Seattle Children’s Hospital ranged from 41% to 77%. “You can’t remove the significant stress of trauma and loss, but you can help professionals develop skills to manage those experiences more effectively,” says the director of the UCLA Nathanson Family Resilience Center. Hospital-workplace culture today leaves more room to show emotion. “It has become more socially acceptable to be honest,” says one physician who has practiced for 35 years.
TODAY'S VIDEO
Head in the Clouds
That Was Painless
Spending more than half your day with your mind wandering to the point that it disrupts your life can be “maladaptive daydreaming.”
TOP STORIES
U.S.

Second Freddie Gray Trial to Focus on Whether Officer Committed Assault During Arrest

California Gov. Jerry Brown Makes Some Water Restrictions Permanent
WORLD

U.S. Warship, Sailing Near Chinese-Claimed Island, Challenges Beijing

Austrian Chancellor Werner Faymann Quits as Migrant Crisis Roils European Politics
BUSINESS

Uber, Lyft Shut Down in Austin Over Fingerprint Vote

Sumner Redstone’s Competency Suit Dismissed
MARKETS

Wall Street Cops to Hedge Funds: Treat Investors Better

Dividends Aren’t the Answer. They’re the Problem
NUMBER OF THE DAY
$1.35 billion
The purchase price for Krispy Kreme Doughnuts, which will be acquired by JAB Holding, the European investment fund with a fast-expanding stable of famous brands ranging from Caribou Coffee to Jimmy Choo shoes. Krispy Kreme would be taken private in the deal.
QUOTE OF THE DAY
Everywhere you go, when you meet people, it’s, ‘What do you do?’…You don’t have much of an identity with that question if you say, ‘I don’t do anything.’
Gary Reece, 61 years old, on being among the one in six U.S. workers who became unemployed during the recession years of 2007, 2008 and 2009. A growing body of research suggests the economic trauma has left financial and psychic scars on many Americans, and that those marks are likely to endure for decades.
TODAY'S QUESTION
Going back to our story above, what are your thoughts on the fight over the North Carolina bathroom law? 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 on Twitter cutting intelligence agencies’ access to the analytics service Dataminr, John L. Hoh Jr. of Wisconsin said: “I believe the Constitution grants the appropriation of such information, but with a warrant (unless there is reasonable suspicion of illegal activity). Once we start abrogating the Constitution in the name of public safety, then we might as well repeal it.” Jake Freivald of New Jersey wrote: “Twitter is willing to help people market to us, but not to protect us?‎Crazy. This isn’t like wiretapping or cracking an iPhone; there’s no need to make it hard for the government to sift open communications.” And Paulo Erdos of Florida opined: “I’m 100% on the side of Apple to not develop new software or weaken existing software to allow the government to access data on its iPhones. However, at the same time I’m 100% against Twitter and Dataminr stopping the government from accessing information which is sold to other third parties, including possibly foreign intelligence agencies through proxies. If ‘optics’ is their excuse it’s not only shameful, it’s unpatriotic and shallow.”
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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