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

The Wall Street Journal
Good morning,
A World of Intrigue
President-elect Donald Trump said Wednesday for the first time that he agrees with the U.S. intelligence assessment that Russia, specifically President Vladimir Putin, was behind cyberattacks aimed at influencing November’s U.S. election. Mr. Trump’s remarks came on a day when Washington buzzed with international intrigues: Russian hacks, a former British spy, alleged clandestine meetings between the Trump campaign and Moscow, and emerging details of how an unsubstantiated dossier—allegedly compiled by an investigations company hired by Republicans and Democrats—asserting those ties gained the attention of U.S. intelligence agencies, and the news media. Meanwhile, Rex Tillerson, the former Exxon Mobil CEO nominated to be secretary of state, parried questions from Republicans and Democrats about his close ties to Mr. Putin, refusing to commit the Trump administration to maintaining or significantly ratcheting up sanctions on Russia.

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Family Ties
Mr. Trump said Wednesday that he would put his assets into a trust and relinquish control of his business to his two adult sons in an effort to avoid conflicts of interest during his presidency. He will sever management ties to the Trump Organization and play no role in its operations under the terms of the trust. While he is in office, his real estate empire will abide by “severe restrictions on new deals,” an attorney retained by the president-elect said. The announcement drew sharp criticism from ethics experts who said the steps laid out are inadequate to create a clean separation between Mr. Trump’s business interests and his presidency. The trust he is creating to hold his businesses will continue to receive millions from their profits and will be run by family members—not an impartial third party.
Seoul Searching
The third-generation heir of South Korea’s Samsung conglomerate is being questioned today in relation to suspected bribery, drawing the country’s biggest and most powerful business group deeper into an unfolding political scandal that has led to the impeachment of the president. Lee Jae-yong, the 48-year-old heir-apparent to the Samsung empire, arrived at the office of the special prosecutor on Thursday morning. The special prosecutors’ office was created by the National Assembly late last year following allegations of high-level corruption involving a longtime confidante of President Park Geun-hye and the country’s biggest conglomerates. Prosecutors are looking into whether companies such as Samsung, Hyundai and LG, which donated millions of dollars to two foundations allegedly controlled by Choi Soon-sil, Ms. Park’s friend, expected political favors in return.
Smoother Sailing
Airline service is improving. Really. Our annual scorecard of U.S. airline performance, which ranks carriers on seven different measures important to travelers, shows 7% fewer flights arrived late in 2016, fewer bags were lost per passenger and fewer complaints were registered with the Transportation Department. The number of canceled flights plunged 21% even with major system failures at Delta and Southwest last summer. Alaska topped the scorecard as the best overall performer for the fourth straight year, edging out Delta. American’s numbers improved, but the biggest airline in the world remained the worst in the scorecard for the second year in a row with the highest rates of canceled flights and lost luggage. The gap between best and worst narrowed, but the differences remain substantial.
TODAY'S VIDEO
A New World Order
That Was Painless
T-Mobile, Sprint and AT&T have brought back unlimited data plans. AT&T and Verizon now let you avoid overage charges on regular plans. Our Personal Technology columnist Joanna Stern guides you through the brave new world of mobile data.
TOP STORIES
U.S.

As Crisis That Vexed Obama Fades, Trump Will Benefit

Senate Takes First Step Toward Repeal of Affordable Care Act
WORLD

Germany Sees Sharp Fall in Asylum Seekers

Brexitology: Divining Britain’s Plan to Leave the EU
BUSINESS

U.S. Indicts Six Volkswagen Executives in Emissions Scandal

Obama Antitrust Enforcers Won’t Bring Action in Airline Probe
MARKETS

U.S. Expected to Launch WTO Complaint Against China Over Aluminum

Banks Hold Best Cards in Rewards Contest
NUMBER OF THE DAY
$2 billion
The amount Mexican central-bank officials said they spent last week to prop up the peso, which has weakened 16% against the dollar since the U.S. election. Global investors are fleeing Mexico’s financial markets, sending the peso to record lows on mounting concerns that Mr. Trump’s trade policy could end the country’s privileged status among developing countries.
QUOTE OF THE DAY
You feel defeated as a police officer that wants to help that person when you keep rearresting them…And they don’t get the services they need when they’re incarcerated.
Ganesha Martin, chief of external affairs at the Baltimore Police Department, on Baltimore joining a small but growing number of cities where police can divert low-level drug offenders to treatment, rather than send them to jail.
TODAY'S QUESTION
Going back to our story above, what are your thoughts on Mr. Trump’s decision to put his assets into a trust and relinquish control of his business to his two adult sons? 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 President Obama’s legacy, Bob Tibolt of Oregon wrote: “Given Mr. Obama’s lack of executive and leadership experience upon assuming office, and the total repudiation of his eight years’ work by the recent election, his legacies will be that he was the first black president, and that he used executive privilege to excess.” Ian Devine of South Carolina said: “I suspect future assessments of Mr. Obama’s legacy will be harsh. The gap between promise and accomplishment was just too wide. The adjectives will be pejorative.” Adam Schutzman of New York shared: “I truly believe time will be good to Mr. Obama…Even his health care law, which is now under attack, will be remembered for providing roughly 19 million previously uninsured people with health care. After a campaign with two of the most controversial nominees of all time, his relatively scandal-free record will be held in high esteem as well. I will miss the president who ran a campaign on hope not fear.” And John Fischer of Pennsylvania weighed in: “Mr. Obama’s deportment, and that of his wife, as president and first lady was impeccable. He provided clear leadership through the financial crisis and ultimate recovery, but his foreign policy, or lack thereof, severely tested the relationships with our allies and diminished our stature among nations as a truly world leader. He did virtually nothing to ameliorate the intense and growing political divide in our government and did more to inflame it with his own partisan rhetoric.”

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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