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

The Wall Street Journal
Good morning,
Gerard Baker is away. Today’s 10-Point is by Deputy Editor in Chief Matt Murray. Follow him on Twitter @MurrayMatt.
Street Cred
For more than seven years, Jeb Bush spent as much as half of his working hours advising Lehman and later Barclays. His time on Wall Street, which sets him apart among GOP hopefuls, could play well with many traditional Republican voters. But it also could be a lightning rod for criticism. Meanwhile, Fox News announced the lineup for its Republican debate on Thursday—dealing a blow to former Texas Gov. Rick Perry by denying him a coveted slot. As the debate approaches, several candidates are also filing mandatory disclosures of their assets and income. Check out what we know about the wealth of some GOP contenders, in order of the size of their assets.
Shattered Dreams
At age 21, Niloofar Rahmani became Afghanistan’s first female fixed-wing military pilot. The U.S.-led coalition had publicized her achievements, helping turn her into one of the faces of the post-9/11 generation of Afghans. Now, around two years later, she faces death threats from both the Taliban and members of her extended family. Her immediate family lives in hiding, their comfortable middle-class life lost. Meanwhile, civilian casualties in Afghanistan are at an all-time high, a U.N. report says, in a grim reminder that fighting in the country is as intense as it has ever been since the U.S.-led invasion of 2001.
Ups and Downs
Asian shares rose broadly this morning after a gauge of China’s service sector reached an 11-month high, outweighing concerns that a rise in U.S. interest rates could be getting closer. We take a detailed look at how China has handled its stock market rout. When its summer stock slide deepened, top Chinese officials briefly considered the idea that they should let markets seek their own level. But they quickly discarded it in favor of micromanagement that so far hasn’t yielded all of the intended results. And in another showing of its heavy hand, China’s government plans to embed cybersecurity police units at major Internet companies.
Those Lazy Days of Summer
With summer in full swing, it’s easy for music students to let practicing fall by the wayside. Music camps are a great way to keep them on track, but few last all summer and many children don’t attend until they are older. Unless a child is lucky enough to have a private teacher who offers lessons in the summer, it falls squarely within the parents’ domain to enforce or entice a budding musician to stay in shape musically and keep practicing. Check out our story for some tips on how to keep children engaged during the summer break. And in case you missed it, our health columnist Sumathi Reddy looks at what picky eating might mean for your child later on.
TOP STORIES
U.S.

New York Tackles Deadly Legionnaires’ Outbreak

Study Questions Value of Teacher Development
WORLD

German Justice Minister Fires Top Prosecutor for Treason Probe of Bloggers

Hiroshima: 70 Years After the Atomic Bomb
BUSINESS

Shire Makes Unsolicited $30.6 Billion Bid for Baxalta

MLB’s Tech Unit Wins NHL Streaming Business
MARKETS

The Federal Reserve Is Ready for Rate Hikes But Bond Market Is Skeptical

Judge Rejects Proposed Settlement Between AmEx and Merchants
TODAY'S VIDEO
Severe Storm Hits Boston
That Was Painless
Destructive winds, accompanied by hail, brought down trees and power lines in Massachusetts on Aug. 4. Time-lapse video footage captures the powerful storm rolling through Boston. Photo: Twitter/@fedson12
NUMBER OF THE DAY
770
The average FICO score of borrowers who received a jumbo mortgage in May —the highest since at least the beginning of 2005. Before the housing bust, jumbo mortgages were widely available with no money down and for borrowers with credit scores below 640, according to the publisher of Inside Mortgage Finance.
QUOTE OF THE DAY
There was a great Marxist named Lenin / Who did two or three million men in / —That’s a lot to have done in / But where he did one in / That grand Marxist Stalin did ten in.
An oft-quoted poem by Robert Conquest, an Anglo-American historian whose works on the terror and privation under Joseph Stalin made him the pre-eminent Western chronicler of the horrors of Soviet rule. He died Monday in Palo Alto, Calif. at age 98.
TODAY'S QUESTION
Going back to our story above, what are your thoughts on Jeb Bush’s Wall Street experience? 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
Responding to yesterday’s question about emissions regulations and President Obama’s push for an international pact, Mary Ann Mikulski of New York wrote: “The president’s plan is a start, but I think it may still be too little too late. Especially if the obstructionist Republicans in the Congress try to stall or kill it. We can’t wait 15 years for a 32% reduction; the environment is suffering already. We need a total mind-set change.” But Hank Freeman of New York commented: “The pact is merely the tactic du jour to increase government power and spending and to win elections by dividing the electorate.” And Amar Singh weighed in from Virginia: “When it comes to correcting the negative externalities resulting from carbon emissions, the government ought to institute a system of tradable permits rather than applying corrective taxes. If the government limits the industry to a certain number of permits, the government can limit carbon emissions and correct the negative externalities caused by firms.”
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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