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

The Wall Street Journal
Good morning,
Health Warning
GOP leaders’ push for quick passage of the health-care proposal hit another snag as at least a dozen Republican senators expressed alarm over a nonpartisan report that projects the number of uninsured would grow by millions under the plan. The loss of more than two Republican votes in the Senate would kill the legislation, presuming all Democratic senators remained opposed. House leaders have hoped the plan’s momentum can overpower infighting over details, but reworking the bill to address the concerns of Senate Republicans—which include changes to Medicaid, the trajectory of premium prices and the impact on costs for older, low-income and rural Americans—could mean missing the goal of getting it through Congress by early April. And modifying the bill in ways that appease one faction of Republicans without alienating another will be delicate work.


Money to Burn
A flood of natural gas swamping the U.S. is turning into a global glut, sinking prices and dimming American producers’ hopes of exporting their way out. Natural-gas futures are down 25% over the past 2½ months after rising 59% in 2016, and shares of gas-production companies are among the worst performers of 2017, after a year in which both Chesapeake Energy and Rice Energy more than doubled from their early lows. Many investors wagered that new gas-fired power plants and record exports would help burn off the U.S. excess, but the market continues to be dominated by unpredictable weather and massive new supplies from fracking.
Steve Bannon’s Journey
On Oct. 7, 2008, Marty Bannon watched with alarm as plunging stock markets dragged down his shares of AT&T, the nest egg he built during a 50-year career at the company. So he did the unthinkable: He sold. Now 95 years old, he still regrets the decision and seethes over Washington’s response to the economic crisis that forced it. His son, White House counselor and chief strategist Steve Bannon, says the moment crystallized his own antiestablishment outlook and helped trigger a decadelong political hardening. No official has more influence on a wider portfolio of issues than Mr. Bannon, who has become a litmus test for how people view the Trump administration. In an interview with the Journal, he discusses what led him to embrace “economic nationalism.”
Cloud of Suspicion
In an age of hacking and surveillance, what could possibly go wrong with hundreds of millions of people storing personal data in a centralized warehouse? Still, companies like Google, Apple and Dropbox urge us to load our photos and sometimes even more precious documents onto “the cloud”—that is, huge racks of servers scattered around the world. But a lesser-known alternative is gaining traction: “personal cloud” storage, a hard drive that is in your home but that you can access online from anywhere. A private cloud makes a smaller target for hackers, though it isn’t without shortcomings of its own. Our Personal Technology columnist Geoffrey A. Fowler compares the options and offers tips to minimize the risk of being hacked.
Family Meeting
That Was Painless
In their first interview since their children interrupted a live BBC segment on Korean affairs, college professor Robert Kelly and his wife, Kim Jung-A, spoke about the circumstances, the chaos and the global reaction to the now-legendary video.

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Why Emerging Markets Shouldn’t Fear the Fed
$38 million
The approximate amount that Mr. Trump paid in federal taxes in 2005, according to a leaked return released Tuesday—most of it due to the alternative minimum tax, meant to limit the degree to which high-income individuals can use legal deductions and credits to reduce their tax liability. Mr. Trump reported about $153 million in income that year.
In the past, terrorists did not target Malaysia, but today the threat has changed…Malaysia has become a really important target.
Rohan Gunaratna, a professor of security studies at Nanyang Technical University in Singapore, on the worry that two major terror-linked plots on Malaysia’s own soil show that the Muslim-majority nation is increasingly becoming a host to other people’s deadly conflicts.
Going back to our story above, what do you think about the revelations about Mr. Trump’s 2005 tax return? Send your comments, which we may edit before publication, to Please include your name and location.
—Compiled by Margaret Rawson
Responding to yesterday’s question on the Congressional Budget Office report on the GOP health-care plan, Dolores Yvars of New York shared: “What is truly disturbing is the knee-jerk acceptance by the media of the CBO numbers, when their projections were so far off concerning Obamacare.” Dennis J. Campagna of New York said: “This is our moment to determine if health insurance for all is a right or a privilege. The proposed version eliminates health care for up to 24 million while providing substantial economic benefits to those who need it least. The proposed plan will deny coverage to those who need it most—the elderly, the disabled and the poor.” And Steve Shannon of New Jersey commented: “Sen. Lindsey Graham analyzed the report best: Even if it’s half-right, it’s got some disturbing data that call for thoughtful discussion and debate rather than charging ahead with votes based more on the political than the practical.”

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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