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

The Wall Street Journal
Good morning,
The Glory That Was Greece
Against the backdrop of an economy going into deep freeze, Greeks now face an intense referendum campaign. European and Greek leaders began a weeklong dash to persuade the country’s battered voters that one of two imperfect choices next Sunday will bring the least pain. German Chancellor Angela Merkel is holding fast in her call for Greece to overhaul its economy and finances in exchange for bailout funds. But neither Greece nor the European Union will emerge a winner from the debt crisis, writes our columnist Stephen Fidler. Markets around the world shuddered, and European stocks continued to fall this morning. But the trouble in Greece is unlikely to do much damage to the U.S., writes our Heard on the Street reporter Justin Lahart, and the selloff isn’t yet the kind of panicked response seen in previous rounds of the eurozone debt crisis.
The Court Wraps Up
Following a string of big decisions last week, the U.S. Supreme Court set this week off with more rulings. It dealt a setback to the Obama administration’s environmental agenda by rejecting rules requiring power plants to cut mercury emissions and other toxic air pollutants. Also, in a 5-4 decision, it ruled that states may continue to conduct executions using the sedative midazolam, rejecting claims the drug poses a risk that condemned prisoners will suffer excruciating pain. And in a closely watched case over software copyrights, the high court denied Google’s attempt to overturn a ruling in favor of Oracle. Meanwhile, in a case scheduled for October, the Supreme Court said yesterday that it will reconsider affirmative action at public universities—the third time since 2003 the issue has come before justices.
Another Debt Sentence
Greece isn’t the only place in debt peril this week. Investors in Puerto Rico’s bonds braced for losses this week, after the U.S. commonwealth said that it can’t pay its debts. Gov. Alejandro Garcia Padilla called for a negotiated agreement with bondholders to delay payment for “a number of years” to help restore the island to prosperity. Alarmed by his comments, investors raced to sell shares of some of the largest bond insurers. According to analysts, the territory may run out of cash within a month, which could lead to a government shutdown, employee furloughs and other emergency measures. A White House spokesman said yesterday that the U.S. government would provide expertise and access to existing resources—but no bailout.
Dizzy Heights
As more and more travelers opt for high-elevation adventure, altitude-related illnesses can take people by surprise. Our columnist Laura Landro explains how to reach the heights safely. People may feel symptoms from about 5,000 feet—about the elevation of Denver, but real problems typically begin between 8,000 feet, the elevation of Aspen, and 10,000 feet, roughly that of Breckenridge Ski Resort. The most common advice, she notes, is to adjust gradually as you go higher. Another pointer is to avoid alcohol and strenuous exercise at high altitudes for the first 48 hours. Read Laura’s column for more tips on how to prevent elevation-related health problems. And if you’re looking for an outdoors experience that is a little more relaxing, check out our summer entertaining guide.
TOP STORIES
U.S.

U.S. Visa System Back Online

How Global Threats Have Crowded Obama’s Diplomacy Agenda
WORLD

Tunisia Detains Suspects in Assault

Egypt’s Top Prosecutor Assassinated
BUSINESS

Trian Urges Buildup, Not Breakup

Sysco Ends Plans to Merge With US Foods
MARKETS

China Shares Reverse Selloff That Landed in Bear Market

For Fed to Delay Rate Hikes, Global Tumult Would Need to Infect U.S.
TODAY'S VIDEO
NBC to Donald Trump: You’re Fired!
That Was Painless
NBC Universal has joined Univision in cutting business ties with Donald Trump after his controversial remarks about Mexican immigrants.
NUMBER OF THE DAY
$18 billion
The combined value of insurance broker and risk advisory firm Willis Group and professional services group Towers Watson, which announced they had agreed to an all-stock merger this morning.
QUOTE OF THE DAY
I’ve had employees murder customers, I’ve had customers murder employees, and dead babies...This job has made me numb.
In a second appearance at Stanford’s “Paths to Power” class, Caesars Entertainment Chief Executive Gary Loveman told students that to keep the company afloat he had been forced to lay off 12,000 people, including single moms and cancer patients, and that it was now a challenge for him to be “emotionally normal.”
TODAY'S QUESTION
What are your thoughts on the Supreme Court’s upcoming case on affirmative action? Send your comments, which we may edit before publication, to 10point@wsj.com. Please include your name and location.
—Compiled by Khadeeja Safdar
READER RESPONSE
In response to yesterday’s question about the U.S. Supreme Court’s decision on gay marriage, Tim Brennan of Wisconsin wrote that it will “perpetuate further attacks on the rights of business owners and individuals that hold to the true and traditional definition of marriage. True marriage will always mean the natural joining of one woman and one man in a comprehensive union.” And Sherrod Morehead of South Carolina commented: “Whether the topic is gay marriage or the health care law, the voting citizens of the U. S. should make the decisions to install these programs as law not nine judges on the Supreme Court.” But Bill Wing of Tennessee wrote: “I approve, and would note that the majority of those opposed, who say (at least publicly) that the decision should have been left to the ‘democratic process,’ i.e. state-by-state votes, should consider that if this reasoning were applied to civil rights, we would still be living in a country where apartheid was legal in much of the U.S.”
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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