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

The Wall Street Journal
Good morning,
Blame Game
Donald Trump on Monday sought to counter the criticism he has received following the release of some of his tax records by arguing that laws that have benefited him and his business are unfair, while Hillary Clinton mocked her rival’s business skills and accused him of exploiting the tax system. The campaign back-and-forth followed one of Mr. Trump’s worst weeks of the campaign so far, and it comes as polls have shown Mrs. Clinton getting a bounce from her performance in last week’s first presidential debate. On Monday, Mr. Trump was met with a new issue to contend with when New York’s state attorney general, Eric Schneiderman, a Democrat, demanded the businessman’s charitable foundation suspend fundraising activity in New York, saying it violated registration requirements. Meanwhile, tonight’s vice-presidential debate is set to highlight sharp policy differences between Indiana Gov. Mike Pence and Virginia Sen. Tim Kaine.
Diplomatic Breakdown
The rift between the U.S. and Russia widened Monday as the Obama administration quit talks over the failed cease-fire in Syria, saying Moscow’s role in the bombardment of Aleppo left nothing more to discuss. The decision ends for now prospects for a truce, threatening to send the long war into a perilous new direction and making hopes for a political settlement more distant. The end of the talks also puts the onus on the Obama administration to consider other options for Syria, including the provision of more powerful weaponry from the U.S. and other allies for rebels fighting the government of President Bashar al-Assad. Syrian rebels backed by Turkey have launched an offensive against the Islamic State-held town of Dabiq, which holds religious and symbolic meaning for the terror group.
Money Across the Pond
Janus Capital Group, facing investor withdrawals from some of its funds, has agreed to sell itself to a British rival in an effort to help it compete with increasingly popular low-cost providers. U.K.-based Henderson Group agreed to pay $2.61 billion in an all-share deal for Janus and said the purchase will help expand its global audience, creating a London-based money manager—Janus Henderson Global Investors—with more than $320 billion in assets. The deal looks defensive for both companies and highlights the pressure on active money managers as investors move to index funds. Henderson will gain access to the investment knowledge of Bill Gross, who abruptly left Pacific Investment Management and joined Janus in 2014. The agreement lifts hope for a long-awaited deal spree, but investors have reason to be cautious betting on consolidation in the industry.
On the Ball
On playgrounds and Little League fields across the country, it usually isn’t hard to find the best player. Just look to the shortstop: He’s the tallest, fastest and strongest. Now compare that with the profile of the average major-league shortstop for most of this century. He’s small and nimble, slick with the glove but puny with a bat in his hands. But this year’s playoffs will showcase a new breed of shortstop that can mash like first basemen and run like center fielders—all while handling the rigors of arguably the most demanding position on the field. A group of ultra-talented shortstops—all 24 or younger—is revamping the position so that once again the game’s best athletes are also its most valuable players.
TODAY'S VIDEO
A New Path
That Was Painless
Former Colombian president Álvaro Uribe led the successful opposition to the peace treaty signed by his successor, Juan Manuel Santos, and the Marxist rebel group FARC. Now Mr. Uribe is set to play a central role in shaping what will happen next.
TOP STORIES
U.S.

Supreme Court Rejects Request to Reconsider Obama Immigration Case

Las Vegas Police Face a Balancing Act Tackling Rise in Murders
WORLD

Taliban Fighters Penetrate Heart of Afghan City of Kunduz

Dilma Rousseff’s Workers’ Party Bears Brunt of Brazil’s Ire in Municipal Elections
BUSINESS

U.S. Auto Sales Slip in September

McDonald’s China Franchise Deal Could Fetch Up to $2 Billion Up Front
MARKETS

71 Million Hogs Are Crushing U.S. Meat Prices

There’s a Little Bit of Deutsche in Every Bank
NUMBER OF THE DAY
$301.3 million
The sum of fees and expenses Caesars paid between the date of its Jan. 15, 2015, bankruptcy filing through Aug. 31, 2016, to roughly two dozen law, investment-banking, consulting and other professional firms on its chapter 11 payroll. The casino company disclosed the cost in a bankruptcy-court filing.
QUOTE OF THE DAY
Steps will be taken to do whatever needs to be done to cleanse the state of these terrorist organizations, and with the legal capabilities provided by the state of emergency...God willing, this process will be completed as soon as possible.
Turkey’s Deputy Prime Minister Numan Kurtulmus on the government extending the state of emergency declared after the failed July coup by three months to help it fight terrorism. Opposition politicians have accused President Recep Tayyip Erdogan of deploying the expanded powers to crack down on critics.
TODAY'S QUESTION
Going back to our story above, what are your thoughts on the Obama administration quitting talks with Russia over the failed cease-fire in Syria? 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 the revelation of some of Mr. Trump’s tax records, Brian Morris of Massachusetts wrote: “I think it shows that Mr. Trump dug himself out of a deep hole from the ‘90s into the present day where his companies are doing quite well. Also, if you want to fix the tax code, hire the guy who knows best how to take advantage of it.” Steve de Kater of Indiana commented: “Did Mr. Trump do anything illegal? Let he who is without sin...If you have ever taken any deduction, you cannot criticize Mr. Trump. All we are talking about now is the size of the numbers; his happen to be larger.” But Lee Alcott of Florida said: “While the focus has been on how Donald Trump may have avoided paying taxes for 18 years, the question should be how he can continue to tout himself as a successful business person having lost $916 million in a year. It seems the people who truly lost are the people who 1) completed work for him and then didn’t get paid, 2) the investors in the companies he managed to shift the losses to, 3) the lenders who banked on his name and his word, and 4) anyone now who still believes he is fit to be president.” And Charles E. Dean of Minnesota shared: “Mr. Trump continues to claim that he will fix the ‘rigged system’ that has allowed him to pay few or no federal taxes for decades, but the question is: why? Logic, common sense, and his life-long history of greed indicate that he will take no steps to diminish his fortune.”
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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