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

The Wall Street Journal
Good morning,
Taking Off
United Continental CEO Jeff Smisek and two top lieutenants stepped down as a result of a federal investigation into the airline’s relationship with the former chairman of the Port Authority of New York and New Jersey. People familiar with the investigation say it centers on whether former Port Authority Chairman David Samson used his position to demand favorable treatment or personal benefit from United. Mr. Smisek’s departure caps a turbulent tenure atop the world’s second-largest airline and leaves a number of challenges for his successor. Oscar Munoz will be tasked with addressing operational issues and improving the carrier’s troubled relations with its workforce.
A Family’s Odyssey
Delshad Bashar and his family, refugees from Syria, traveled for 11 days to reach Germany, a trip marked by an ambush by bandits and a six-hour journey inside a packed and airless smugglers’ truck during which his 3-year-old daughter passed out. We look at how Germany’s reputation for efficiency is being tested by the largest wave of migrants since World War II. Just last weekend, more than 23,000 people arrived in the country, according to police. Meanwhile, the main ferry route between Denmark and Germany has become the latest flash point in the European Union’s migration crisis, as Copenhagen seeks to prevent waves of asylum seekers from reaching its shores. The EU today proposed the redistribution of 160,000 refugees and the speeding up of the repatriation of migrants who do not qualify for asylum.
High Interest
A little-known New York hedge fund called Element Capital has been snapping up tens of billions of dollars of U.S. Treasurys, becoming the largest purchaser in dozens of government-bond auctions in the past 10 months. The move is part of an apparent effort by the fund to use borrowed money to exploit small inefficiencies in the world’s most liquid securities market, a strategy that is delivering sizable profits, according to people close to the matter. However, Element’s activity has raised questions because the cumulative purchases far exceed the fund’s $6 billion in assets under management.“Their buying is eyebrow-raising,” said a trader who witnessed Element’s bidding.
The Family That Texts Together
Teens’ texting habits have often been blamed for interfering with family life, but some experts say text messages can make it more peaceful. Our Work & Family columnist Sue Shellenbarger looks at how texting can help parents communicate with their children. One expert points out that the playful nature of texting makes it a good channel for parental warmth and encouragement. Texts can also help teens gain the self-control they need to express themselves, especially while conveying bad news. It is important, however, not to miss out on what a teen’s body language and expressions can communicate. And keep in mind that messages can be forwarded by friends or read by anyone.
TOP STORIES
U.S.

Baltimore Agrees to $6.4 Million Settlement in Freddie Gray Case

‘Cadillac’ Health Tax Fight Heats Up
WORLD

In Africa, Those Who Bet on China Face Fallout

Mexican Prosecutors Push Back Against Report Critical of Investigation Into Vanished Students
BUSINESS

Apple’s iPhone: The Biggest Change Is How You’ll Pay for It

Bath & Body Works to End On-Call Scheduling
MARKETS

Global Stocks Surge as China Vows to Stimulate Economic Growth

J.P. Morgan’s Client ‘Steering’ Questioned
TODAY'S VIDEO
You Deserve the Right to Repair Your Gadgets
That Was Painless
You don’t have to pay for an overpriced repair or send your broken electronics to the dump, says WSJ Personal Tech columnist Geoffrey A. Fowler.
NUMBER OF THE DAY
$1.4 billion
The size of a disputed payment that officials at a United Arab Emirates state investment vehicle say they never received from 1Malaysia Development Bhd., which was set up six years ago by Malaysian Prime Minister Najib Razak to develop new industries in the Southeast Asian country.
QUOTE OF THE DAY
In the general election, this is going to be the Obama-Clinton Iran deal...They’re going to need to be prepared at every stop to defend the Iran deal.
Greg Rosenbaum, who heads the National Jewish Democratic Council, on Hillary Clinton’s role in the Iran nuclear deal.
TODAY'S QUESTION
Returning to the story above, what are your thoughts on family texting? 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 on what to expect from the upcoming NFL season, Jeanne C. Fuchs from Florida wrote: “My expectations for the forthcoming season are that at a minimum Monday, Thursday, and Sunday nights will be filled with football telecasts; that Sunday afternoons and evenings will be filled with football telecasts; that Sunday morning TV until game time will be filled with beautifully dressed commentators commenting on the forthcoming games; that the Patriots and another team will play in the Super Bowl; that the owners will reap even greater returns than last season; that people who don’t care who wins or loses will turn to PBS for their TV fix. Beyond that, I have no expectations whatever.” And Claudia C. Bartz of Wisconsin commented: “My expectations are that the Green Bay Packers will win the Super Bowl. Why else would I continue to buy tickets and try not to think about the ridiculous salaries paid from the NFL Commissioner on down to the lowest paid player?”
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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