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

The Wall Street Journal
Good morning,
On Edge
A number of violent attacks on Saturday left unanswered questions, fueling fears about terror attacks by small groups or individuals. Police said a man injured nine people in knife attacks at a shopping mall in St. Cloud, Minn. He was shot and killed by an off-duty police officer. Authorities said they were investigating it as a possible terrorist incident. In New York, authorities hunted for a bomb maker who set off a blast that left 29 people injured. Authorities said they had identified a “person of interest.” In New Jersey, a suspicious device found in a trash can near a train station in Elizabeth exploded early Monday as a bomb squad was attempting to disarm it, officials said, according to the Associated Press. Earlier in New Jersey, officials said they didn’t yet know whether a pipe bomb that went off before a charity run at a seashore resort was linked to any terror group. The attacks raised concern that similar assaults could be mounted elsewhere, especially in public places with large crowds.
The End of Austerity
Donald Trump is proposing a host of new policies that would cost tens of billions of federal dollars. Mr. Trump said his proposals wouldn't add to the deficit, but he is counting on economic growth, and oft-tried measures such as eliminating waste and catching more tax cheats to pay for his agenda. For her part, Hillary Clinton is proposing a bigger expansion of government, funded with tax increases. The result is a campaign where neither of the major party candidates is making a serious push to reduce the size and scope of government. Meanwhile, Mrs. Clinton is deploying her husband and Vice President Joe Biden to try to avoid a wipeout among white, working class voters. Mr. Trump’s path to victory in battleground states such as Pennsylvania and Ohio depends on achieving big enough margins in largely white counties to overwhelm Mrs. Clinton’s advantage among minority and college-educated voters.
Easy Money
Boston Fed President Eric Rosengren, normally an advocate of easy-money policies aimed at spurring faster economic growth, recently articulated strong concerns that easy money could be letting markets get out of hand the way they did before the financial crisis. “It’s not costless to get the unemployment rate very low,“ he said. With the jobless rate hovering below 5%, most Federal Reserve officials agree the economy is at or getting very close to what economists consider full employment. They haven’t reached agreement on how much farther the Fed can let the employment rate decline without risking runaway inflation. On one side of the debate are officials who say allowing unemployment to fall further would give more Americans—especially minorities—a chance to rejoin the labor force. The counterargument: letting the jobless rate get too low could cause prices to surge, forcing the Fed to rapidly ratchet up short-term interest rates. That could trigger a downturn that would hurt minorities most.
Channel Hopping
In the past few years, it has become a genuine challenge to keep up with the volume of must-watch TV programming. Not only are we in a much-heralded golden age of television, there is more pressure to watch a lot of those shows. Social media requires you to keep up with the hottest shows if you want to be part of the conversation—and stay ahead of spoilers. Organizing your TV watching can help you stay current and ensure that you always have options at the ready. We offer five key questions to help you decide what to watch, along with recommendations for every occasion—and audience.
TODAY'S VIDEO
Kim Jong Un’s Leadership Model: His Grandfather
That Was Painless
North Korean Supreme Leader Kim Jong Un has modeled his presidency on the legacy of his late grandfather, Kim Il Sung. He even copies his haircut and dress.
TOP STORIES
U.S.

One Victim Still in Critical Condition Following Philadelphia Shooting Spree

Federal Appeals Court to Hear Two Cases Challenging D.C. Gun Law
WORLD

Putin’s Party Shores Up Power in Parliamentary Elections Amid Weak Turnout

Deadly Attack on Army Base Inflames India-Pakistan Tensions
BUSINESS

Heavy-Equipment Glut Weighs on Machine Makers

Koch Tries Its Hand at Carpet Cleaners
MARKETS

S&P 500 Gets Its First New Sector Since the Dot-Com Era

For Buffett, Apple Gains Don’t Offset Wells Woes
NUMBER OF THE DAY
2,000
The number of vehicles GM would lose every day if auto workers at two plants in Canada strike, according to estimates by research firm IHS Automotive.
QUOTE OF THE DAY
The whole world watched while our children died and no one cared. The international community only called for a U.N. emergency meeting when some soldiers carrying weapons were killed.
Mojahed Abo Aljoud, an antigovernment media activist living in rebel-held Aleppo, referring to the strike on the Syrian military in Deir Ezzour province on Saturday.
TODAY'S QUESTION
Going back to our story above, how do you think the policies presented by the presidential candidates will affect the size of the federal government? Send your comments, which we may edit before publication, to 10point@wsj.com. Please include your name and location.
—Compiled by Charity L. Scott
READER RESPONSE
Responding to Friday’s question on Donald Trump’s economic proposals, Glenn Malone of Tennessee said: “I agree with Mr. Trump’s plan to cut taxes for both citizens and companies, to rollback the regulations that are crushing our economy and to ramp up energy production (the latter helping our economy and reducing the amounts we pay to unfriendly countries to purchase oil). All of these moves are Reaganesque type policies that will grow our economy, put our citizens back to work, grow wages and increase taxes paid to move us toward a balanced budget.” Bob Moschetto of New Hampshire weighed in: “Right idea but too diffused. In order to get corporate wealth to return to the U.S., and in order to incentivize U.S. corporations, we need a more comprehensive plan. First directly target the trillion or so dollars held abroad with a real incentive to come back and invest. Then restructure the tax code to continue to do business here with our labor and factories. Now that would make America great again.” And Mike Furlong of Alabama wrote: “Like most presidential candidates, he expects unrealistic growth to back unrealistic plans for tax cuts or government intervention. For all his bold talk, he is not being realistic about what he will be able to accomplish by changing the tax code. I am waiting for the candidate who says all of us will have to make sacrifices if we hope to have a country that provides opportunities for all of its citizens regardless of their heritage or nationality.”
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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