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

The Wall Street Journal
Good morning,
The Latest Tech Giant
Michael Dell is back. His proposed $67 billion acquisition of cloud computing company EMC would be the largest tech merger on record and would create a privately held giant with more than $80 billion in annual revenue—roughly the scale of IBM. Nearly one-third of the stated value is riding on a plan to create a tracking stock for VMware, but the deal leaves the visual software company looking like devalued currency, writes Heard on the Street’s Dan Gallagher. In other merger news, brewer SABMiller said this morning that it has agreed on the key terms of a sweetened takeover offer by AB InBev valuing it at about $104 billion, setting the stage for the world’s two largest beer makers to combine.
Changing Parties
Is voter infatuation with non-establishment candidates such as Donald Trump out of the ordinary? Our Washington Bureau Chief Gerald F. Seib writes that the current political turmoil—and the unusual presidential campaign season—is simply a mirror held up to a changed political face of America. Republicans have become more conservative, less affluent, older and more Southern. The Democratic Party has grown more liberal, younger, urban and demographically diverse. Meanwhile, today the party’s five candidates will be on stage in Las Vegas at the first Democratic presidential debate of the 2016 race. Here’s what each of them needs to do to come away in a better position at the end of the evening.
An American in London
Barclays is turning to an American investment banker to lead it out of a rut. The British bank is preparing to name former J.P. Morgan Chase & Co. executive James Staley as its next chief executive. The appointment, which could be made in the coming weeks, follows the removal of Antony Jenkins in July over concerns about lackluster performance. Mr. Jenkins had led a strategy to make Barclays less reliant on its investment-banking operations, but now a decision to appoint a veteran of that world signals a reversal.
Use Your Head
Do bike helmet laws do more harm than good? Some cycling advocates argue that helmet regulations, even if they’re well-intentioned, can create long-term health problems. They say helmet laws covering all ages might actually make cycling more dangerous by decreasing ridership. Research shows that the more cyclists there are on the road, the fewer crashes there are. “I wear a helmet every day. Everyone in our office wears a helmet every day,” says the communications coordinator for the D.C. Area Bicyclist Association. “But as public policy, it’s not a good idea. It just limits the ease and accessibility of bicycling.”

Labor Shortage Pinches Home Builders

States’ Shortage of Forensic Pathologists Delays Autopsies

Despite Nuclear Accord, U.S.-Iran Tensions Are on the Rise

Libya’s ‘Masked Men’ Hunt Human Smugglers

New-Media Companies Shift Attention to TV

Lilly to Halt Development of Experimental Cholesterol Drug

Fortress Investment Group Plans to Close Flagship Macro Hedge Fund

Oil Bull Andrew Hall Stands His Ground
Why Are Iowa and New Hampshire So Important?
That Was Painless
WSJ’s Jerry Seib answers questions from readers about politics and international affairs.
$36 billion
Estimated U.S. residential construction spending in August, the highest monthly total since October 2007, according to government data. Yet there were 676,500 fewer workers in residential construction nationwide to handle the work this time around.
To design economic policy that promotes welfare and reduces poverty, we must first understand individual consumption choices. More than anyone else, Angus Deaton has enhanced this understanding.
The Royal Swedish Academy of Sciences on the work of the Princeton University economist. Prof. Deaton was awarded a Nobel Prize in economics yesterday for his measurement of consumption patterns and what they reveal about economic development, particularly in poor countries.
Going back to our story above, what are your thoughts on helmet regulations? Send your comments, which we may edit before publication, to Please include your name and location.
—Compiled by Khadeeja Safdar
Responding to yesterday’s question on the prospect Paul Ryan running for Speaker of the House, T. Martenson of California wrote: “Sometimes people are thrust into leadership positions, which they may not want but are needed to fulfill. Such is the moment for Paul Ryan. It is time for Mr. Ryan to step forward and step up into a leadership void.” Meanwhile, Saul Rapkin, also from California, commented: “Mr. Ryan should keep his head down and his hands clean until he is either nominated by a divided convention to run for president or selected as a VP by the ultimate winner. He will give legitimacy to the Republican ticket at either position. As Speaker, he can only get himself in trouble with half the party and half the country.”
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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