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

The Wall Street Journal
Good morning,
Terror Target
U.S. officials confirmed late Thursday that an American drone targeted an Islamic State militant who has come to be known as “Jihadi John,” a British citizen suspected in the savage beheadings of U.S. journalists James Foley and Steven Sotloff, among others. If successful, the strike targeting him would amount to a substantial symbolic victory over Islamic State, by eliminating one of its most notorious figures. In addition, a major U.S.-backed assault to break the link between Islamic State’s strongholds in Iraq and Syria began yesterday with Kurdish forces moving in on the pivotal Iraqi city of Sinjar. President Barack Obama is expected to point to the U.S.’s stepped-up efforts when he arrives in Turkey for a two-day gathering of world leaders, during which the Syrian conflict will likely dominate.
Sitting It Out
President Obama’s biggest campaign donors are so far mostly sitting on the sidelines of the 2016 Democratic presidential primary. Almost four-fifths of the people who gave the 2012 maximum of $5,000 to the president’s re-election committee hadn’t donated to a presidential candidate by Oct. 1, according to an analysis of federal campaign finance records by The Wall Street Journal. The donors’ reluctance could be a troubling trend for Hillary Clinton. On Thursday, the Democratic presidential front-runner released a $30 billion plan aimed at revitalizing communities dependent on coal production—her first attempt to lay out how she would aid places that are economic losers in the green economy she envisions.
Great Expectations
Since 2009, Sequoia Capital has funneled millions of dollars to scores of well-connected people. The secretive ecosystem of cash and connections is an unusually powerful example of how venture-capital firms try to gain an edge in the never-ending hunt for the next blockbuster. That search has become trickier now that some startups with sky-high valuations are hitting turbulence. Among them, human-resources startup Zenefits is the latest highly valued venture-backed company struggling to meet investor expectations. And in other business news, General Motors plans to become the first major auto maker to sell Chinese-made cars in the U.S.
Hollywood East
A small but notable contingent of Hollywood filmmakers has chosen to leave Los Angeles for leafy enclaves on the East Coast, where they can enjoy four seasons, send their children to public schools—and lead lives of near-anonymous normalcy. Check out our story for a visual tour of the places three directors call home. And on the outskirts of Paris yesterday, Airbnb gathered 5,000 home-sharing aficionados, mobilizing its base of users as part of a broader effort to protect home sharing from a regulatory backlash. The sharing economy is entirely new, and it requires a different set of rules,” said Airbnb’s global head of public policy.
TODAY'S VIDEO
Earth-Sized Planet Found in Our Neighborhood
That Was Painless
A group of astrophysicists has found what they describe as the closest Earth-sized exoplanet ever discovered. The finding could provide our most in-depth look yet at a world not so different from our own.
TOP STORIES
U.S.

Tolerance, Free Speech Collide on Campus

Value-Added Tax Catches On in Republican Presidential Race
WORLD

Police in Europe Launch Coordinated Swoop on Terror Suspects With Links to Islamic State

Migrant Children Seek New Lives in Europe, Often Carrying Hopes of Their Families
BUSINESS

Hulu in Talks to Sell Stake to Time Warner

Rolls-Royce’s Share Price Dives on Dividend Warning, Weaker Outlook
MARKETS

LoanDepot Postpones IPO

Warren Buffett Has an Image Problem
NUMBER OF THE DAY
5.5 million
The estimated number of job openings that the U.S. economy had as of the last business day of September, the second-highest tally of available jobs in the 15 years since the Labor Department started to collect this data.
QUOTE OF THE DAY
Do as Warren Buffett does, not as he says.
An adage in the investing community. Many people who admire Warren Buffett’s investing record also say he hides behind the image of a folksy, benevolent businessman while he pursues the same profit-maximizing deals that are the target of some of his attacks.
TODAY'S QUESTION
Going back to our story above, what are your thoughts on the increasing number of Chinese products sold in the U.S.? 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
In response to yesterday’s question about the populist strain in this election cycle, Rich Irwin weighed in from Ohio: “I think populism is really a manipulative, emotional exploitation of people’s sense of grievance about something. Candidates have often used this to appear to be on the side of the people. What is relatively new is the Republican Party doing this kind of emotional tactic. I think they should be very careful in how they use this tactic.” From California, Diane Brighton commented, “The Republican Party really should take on the populist mantle in order to win the upcoming Presidential election. Americans are distrustful of a government that has failed them at every turn and the Democrats are stuck with their record over the past seven years and a front-runner who is old and a huge part of the problem.” Aaron Biller of New York wrote that “the real reason this is happening is the economic shock waves unleashed by the recent Great Recession. The unrest is a natural product of a population that is overeducated and underemployed. Given the speed of digital media, it is surprising that it didn’t happen sooner. Not only are college grads emerging with quarter-million-dollar debts, but their middle-class homes are underwater as well. Occupy Wall Street was just the first wave in the economic tsunami.”
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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