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

The Wall Street Journal
Good morning,
Global Jihad
The alleged mastermind of the Paris attacks, Abdelhamid Abaaoud, was a military commander in Syria and drew upon a vast network of radicals and extremists in Europe. French police late yesterday were working to establish if he was among the dead following a dramatic assault on a terrorist hideout earlier in the day. At least two people were killed and eight others detained after the raid that lasted several hours in the northern Paris suburb of Saint-Denis—an area that has become a haven for radicalism. Belgian authorities conducted seven more raids across the Brussels region today. Meanwhile, an elaborate network of tunnels and underground bomb shelters was discovered in the newly liberated Iraqi city of Sinjar. And a fight also broke out on the web, as the hacking collective Anonymous declared digital war this week on Islamic State in response to last week’s attacks in Paris. Follow the latest updates here.
Unlikely Alliance
The Obama administration and European and Arab allies are seeking to peel Russia away from its alliance with Iran, a partnership that has bolstered Syrian President Bashar al-Assad, said senior diplomats involved in efforts to end Syria’s lengthy conflict. If Russia holds fast to Iran and Mr. Assad, it could undermine hopes for an international consensus in the fight against Islamic State. The terrorist attacks in Paris also appear to have mobilized the United Nations Security Council in taking a unified stand against terrorism brewing in Syria. The body will consider two competing resolutions for countering terrorism: one from Russia and one from France. And despite new cooperation in the wake of the Paris attacks, the European Union is still on course to extend economic sanctions imposed on Russia after the Ukraine crisis last year.
Rate Reckoning
Investors are preparing for the first U.S. Federal Reserve rate increase since 2006. Minutes of the October meeting were released yesterday after their scheduled three-week delay. A key measure of bets that U.S. short-term interest rates will rise reached their highest level in more than a year. A sharp slowdown in jobs gains or wage inflation could still cause the Fed to keep rates steady, analysts say. But momentum in financial markets toward a rate increase is strong, traders and portfolio managers said, and some warned that the Fed risks losing credibility if it surprises investors by standing pat. Meanwhile, new-home construction sank in October, as builders dialed back on building of apartments and condominiums that drove demand through much of the summer.
Beyond Barbie
About 56 years after Barbie burst on the scene, demand for dolls that defy prettiness is reaching a new boiling point. More dolls show girls in action, parachuting or traveling, and parents often prefer them to the fashion-conscious and slender Barbie. Mattel is now working hard to change the iconic doll’s image. Last month, it launched an ad on YouTube that highlights girls’ imaginations. “When a girl plays with Barbie,” the ad says “she imagines everything she can become.” Next month, the company plans to launch a campaign to show an uncoiffed version of the doll in her natural state—such as left under the bed, dropped in a sandbox or buried in the back of a minivan.
TODAY'S VIDEO
Raid in Paris Suburb Puts Spotlight on Suspected Terror Hub
That Was Painless
In Saint-Denis, a gritty neighborhood in the northern suburbs of Paris with a dense Muslim population, French police raided an apartment Wednesday, detaining eight and leaving at least two dead. Residents watched, and reflected on the place they call home. WSJ’s Noemie Bisserbe and Jason Bellini report.
TOP STORIES
U.S.

Rising Rates Pose Challenge to Health Law

Study Could Result in New Strategies For Treating Juvenile Cancer
WORLD

U.S., China Intensify Trade Competition on APEC Stage

Two More Dams at Risk, Brazil Mine Operator Samarco Warns
BUSINESS

CP’s $28 Billion Proposal to Buy Norfolk Faces Hurdles

Nokia Launches $16.6 Billion Offer for Alcatel-Lucent
MARKETS

Banks and Fintech Firms’ Relationship Status: It’s Complicated

Shares of Deal Targets Reflect Regulatory Fear
NUMBER OF THE DAY
$9
The price per share of Square at its initial public offering—beneath the projected offering range of $11 to $13 and even farther below the $15.46 at which Square raised money last year from private investors.
QUOTE OF THE DAY
The United States—in conjunction with our NATO allies and more Arab partners—will need to increase our presence on the ground.
Republican presidential candidate Jeb Bush is backing a broad U.S. military buildup in the wake of the Paris attacks.
TODAY'S QUESTION
Going back to our story above, what are your thoughts on Mr. Bush’s assertion? 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
On yesterday’s question about U.S. cooperation with Russia, Clark Irwin of Virginia asked, “Did we not make (temporary) common cause with Josef Stalin, a notably nastier fellow than Vlad Putin?” Rick Dawley of North Carolina noted, “Even after Stalin had signed a non-aggression pact with Hitler, we later allied with the USSR in WWII. The enemy of our enemy may not always be our friend, but I think cooperation with Russia makes good sense given the danger of our common enemy. In addition, we need to step up and discard our current oxymoronic leading-from-behind philosophy.” Gil Russell of Arizona wrote, “Absolutely, U.S. cooperation is called for with Russia. Putin has the hair on his back and the means to tackle the main problem: ISIS. Our president has the means but doesn’t have the spine. He continues to insist that climate change is a bigger problem. Forget about Assad for now; get to the bigger problem that the entire Free World must address: destroying ISIS.” And from South Carolina, Darryl Hartley-Leonard, also citing the “enemy of my enemy” proverb, mused: “Who knows, an unexpected consequence could be to lower the amount of angst and mistrust between the two countries and its leaders and that would be a real benefit for the world going forward!”
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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