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

The Wall Street Journal
Good morning,
Move Closer
Greece’s future as a member of the euro may rest in a 13-page document submitted to international creditors last night. The new Greek proposal appears to have moved closer to creditors’ demands. This despite the referendum last week in which Greek voters resoundingly rejected the earlier bailout proposal as too harsh. One eurozone official said this morning that an assessment on the country’s eligibility for a new bailout could come as early as today. European stocks surged on optimism for a deal. However, in comments likely to further complicate the matter, the International Monetary Fund’s chief economist said that Greece may need even more debt relief from its creditors than the IMF estimated less than a week ago. Meanwhile, the Greek economy is already seizing up in many places amid capital controls and growing fears that the country may soon crash out of the eurozone.
Pac-Man
The race for the White House is heating up. Jeb Bush’s campaign and its allied super PAC has raised more than $114 million, far outstripping his rivals. The only candidate positioned to keep up with him is Hillary Clinton, who has raised $45 million through her campaign launched two months ago and about $24 million from three groups backing her. The super PAC backing Republican hopeful Marco Rubio raised $16 million in the first half of the year, bringing the total amount raised by outside groups allied to him to $31.8 million. The rise of the super PAC means candidates with wealthy backers can stay in the race longer. However, there is a catch: they can’t control how their super PACs spend the money.
Making a Bundle
Billionaire cable entrepreneur Patrick Drahi has made a career out of devouring assets that once seemed unattainable. In the past 18 months, he has stitched together $40 billion in deals, including a $23 billion takeover of SFR, France’s second-largest mobile company. Now he’s circling the U.S. market. In an interview in Geneva, Mr. Drahi said he would be interested in pursuing companies like Cox Communications and Cablevision Systems Corp. His ultimate desire is to offer consumers a one-stop-shop that bundles cable TV, high-speed Internet and fixed and mobile phone services—undercutting rivals that sell them separately.
To Sell a Classic Tale
The publication next Tuesday of “Go Set a Watchman,” Harper Lee’s recently discovered book, is a big moment for News Corp’s HarperCollins. The publisher is hoping to keep “Watchman” on the best-seller lists through the holiday season. Right now, it accounts for the largest number of preorder sales in HarperCollins’s history, with the hardcover outselling the digital edition by two-to-one. Check out the first chapter of “Go Set a Watchman,” which introduces Ms. Lee’s beloved character Scout—the child narrator in “To Kill a Mockingbird”—as a woman in her twenties, traveling from New York to Alabama to visit her ailing father and weigh a marriage proposal from a childhood friend.
TOP STORIES
U.S.

House Medical Bill Sparks Drug-Safety Debate

Appeals Court to Again Consider Obama Immigrant Deportation Policy
WORLD

Palmyra Empties as Bombs Rain Down

Accusations Fly as Iran Nuclear Talks Stall
BUSINESS

Moxie Marlinspike: The Coder Who Encrypted Your Texts

P&G Faces Up to Mistakes in Beauty Business
MARKETS

Warehouse Crackdown Cuts Aluminum Costs

China Shares Rise but Uncertainty Hovers
TODAY'S VIDEO
Animated Film Opening Weekends
That Was Painless
Will Universal’s upcoming release of “Minions” break records? From Paramount to Disney, here are the top five animated-film opening weekends in North America.
NUMBER OF THE DAY
21 million
The estimated number of Social Security numbers that were stolen from the U.S. Office of Personnel Management by computer hackers.
QUOTE OF THE DAY
History makes you uncomfortable if you really study it...I would urge people on both sides: Don’t attack each other or just remove history. The goal is to come to some kind of greater understanding as to why things happened.
Brian S. Wills, a history professor at Kennesaw State University in Georgia and author of a book on Lt. Gen. Forrest, on the Confederate flag debate—as South Carolina prepares to remove the controversial symbol of the South from Capitol grounds today.
TODAY'S QUESTION
Going back to our story above, what are your thoughts on super PACs? 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
On yesterday’s question about Paramount’s movie-distribution plans, Jim Tufford of Indiana wrote: “With a night at the movies costing a family of four at least $60-$80, and with a slow economic recovery, watching movies at home makes more sense. Movie theaters may become a niche product for people who want to watch a movie on the big screen or to just get out of the house. I would not be investing in movie theater stocks.” And Aaron Biller of New York commented: “Theater owners will need to re-invent themselves if they want to keep showing small ‘b’ blockbusters without becoming like the big ‘B’ Blockbuster chain. Survival means thinking out of the tenplex. Paramount’s two-week distribution strategy could be the final stab through the heart for theater operators. If you’re not compulsive enough to see a new release, you can now invite your friends over to view a new movie on your 100-inch home big screen, and BYOP (bring your own popcorn)!”
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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Copyright 2015 Dow Jones & Company, Inc. All Rights Reserved.   

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