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

The Wall Street Journal
Good morning and welcome to the last 10-Point of 2016. Please note there will be no 10-Point Monday in observance of New Year’s Day. We will resume Tuesday. On behalf of all of us at The Wall Street Journal, I wish you a happy New Year and the very best of health and happiness in 2017.
To Russia With Love
President Obama on Thursday issued a dramatic response to Russia’s alleged use of cyberattacks to interfere with the 2016 presidential election, imposing sanctions on Russian agencies and companies and expelling 35 suspected intelligence operatives from the U.S., in one of the biggest diplomatic confrontations between Washington and Moscow since the end of the Cold War. Russia said Friday it is considering expelling 35 U.S. diplomats in response. U.S. lawmakers called for even stiffer measures against Russia and a deeper investigation into Moscow’s hacks, suggesting a further escalation of hostilities looms just weeks before a new U.S. administration takes office. The White House’s announcement sets President-elect Donald Trump on a potential collision course with lawmakers in his own Republican Party. Still, Mr. Trump, who has expressed a desire to improve relations with Moscow and has played down the specter of Russian hacking, could undo the sanctions after he takes office.

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Snap Judgment
When Snap goes on the road next year to market its initial public offering, it will be touting more than its popular virtual-messaging service. We report that Evan Spiegel, the company’s 26-year-old founder, is expected to figure prominently in conversations with investors during the marketing process, known as a roadshow. Snap’s IPO bankers and executives are planning to portray him as a visionary who knows how to create products for his coveted millennial peer group. The pitch is designed to convince investors that the young company can evolve from a messaging platform into a content and media powerhouse that could one day eclipse its hoped-for $20 billion-$25 billion IPO valuation. But the story isn’t necessarily an easy sell, bankers and investors say.
Overprescribed and Left Behind
The U.S. Department of Veterans Affairs hooked veterans on opioids. Now it is struggling to undo the damage. The agency acknowledges its role in creating a large population of opioid-addicted veterans by overprescribing painkillers for injuries and PTSD as troops returned from Afghanistan and Iraq. After the VA tightened prescribing practices in 2013, many veterans bought pain pills sold illicitly on the streets. When those became too expensive, they sought heroin and fentanyl, a potent synthetic narcotic. Hampered by budgetary and bureaucratic obstacles, the agency has failed to build a rehabilitation program robust enough to meet the overwhelming demand for treatment. That has left many veterans to fend for themselves, tapping whatever resources they can to battle a chronic, complex—and frequently fatal—condition.
When Disaster Strikes
Catastrophic events can wipe out entire neighborhoods and cost millions of dollars in property damage. But those with the resources and the fortitude to rebuild can end up with an even better house, one that has stronger defenses against acts of nature. We tell the stories of several families who have rebuilt—from a farmhouse that was pushed off its foundation by an earthquake in Napa, Calif., to a Houston home destroyed in a flood. In the case of a couple building a vacation home on New Jersey’s Long Beach Island after superstorm Sandy, new structural and flood-level requirements enacted after the storm meant starting from scratch with the design. And for another couple who lost their home to a fire in the foothills of Boulder, Colo., rebuilding meant finding a community.
TODAY'S VIDEO
A Sinking Feeling
That Was Painless
A massive sinkhole that opened up on Christmas Eve in Fraser, Mich., 15 miles north of Detroit, has forced the evacuation of 22 homes.
TOP STORIES
U.S.

IRS Scrutinizes Land-Donation Syndicates Yielding Big Tax Breaks

In U.S., Some Immigrants Seek to Leave So They Can Stay
WORLD

Syrian Rebel Group Rejects Cease-Fire Hours Before Its Start

How a Top International Judge Was Trampled by Turkey’s Purge
BUSINESS

Was It for Real? Take the 2016 News Quiz

Gates Foundation to Invest Up to $140 Million in HIV Prevention Device
MARKETS

Investors Rethink the Crowded Trump Trade

China’s Markets Are Tamed—but Not Tempting
NUMBER OF THE DAY
7%
The yuan’s drop against the dollar this year, nearly double the decline from the year before. China’s central bank is adjusting the mix of foreign currencies used in setting the yuan’s official daily value—a change analysts said should help support the weakening currency.
QUOTE OF THE DAY
We bought a ton of stuff on there… It was too convenient and too easy.
Meg Hoehn, a mother of two and teacher in Minneapolis, said she and her husband used to have a student membership to Amazon Prime but decided against renewing it, in part to become more financially responsible. We report that 17% of U.S. primary household shoppers say they never shop on Amazon.
TODAY'S QUESTION
Going back to our story above, what are your thoughts on Mr. Obama’s actions against Russia? 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 tech you think will change your life in 2017, Bill Wood of California shared: “I hope to have my 80th birthday in 2017. Driving my car remains critical. My stepmother died in months after she lost her license. Although I remain good to go, driving at my age this can change in a flash. As self-driving cars are closer to being available to all, I follow the progress and as I need it, hope to get a self-driving car to safely maintain my independence.” Roy Farrow of Nevada wrote: “As Steve Jobs said, ‘I would trade all my technology for an afternoon with Socrates.’ But, I would appreciate it if Siri finally understood me.” And Dexter Senft of New York commented: “My life won’t be changed by new or better phones, virtual reality, self-driving cars or voice-recognizing appliances in 2017. Big advances there are more than a year away. The most likely candidate for life-changing tech in the near term is in the area of malware, where I fear that we are seeing just the tip of the iceberg from our comfy deck chairs on the Titanic.”

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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