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}A daily digest of opinions and analysisWhy Manafort's Indictment Should (and Shouldn't) Terrify TrumpHere's a BV headline that holds up well: "Trump Just Hired His Next Scandal," from April 2016. Even 18 months ago, it was clear Paul Manafort would be a problem for Team Trump. But it was no less shocking when the former campaign manager was indicted yesterday — just the latest development in Special Counsel Robert Mueller's ongoing Russia probe. (Manafort and his associate Rick Gates pleaded not guilty to tax crimes, money laundering, conspiracy and other charges Monday; a former Trump campaign adviser separately pleaded guilty to lying to the FBI.) So what does this mean for the president, and the country? Trump biographer Timothy L. O'Brien suggests the indictment "may offer a blueprint of the kind of charges Mueller may ultimately bring against Trump himself," while Harvard Law professor Noah Feldman sees yesterday as the beginning of a complex story that could ultimately endanger the president. But the Bloomberg View editorial board urges readers not to rush to judgment: The charges against Paul Manafort are indeed a scandal, but they don't appear to be evidence of Trump's guilt.America's Wars Are Spreading Chaos in AfricaWhat does the death of four U.S. soldiers in Niger last month have to do with America's Cold-War-era meddling in Indonesian politics? In both cases, America's single-minded fight against an ideological enemy wound up seriously backfiring. Pankaj Mishra warns the U.S. is repeating its 20th-century geopolitical mistakes in 21st-century Africa.Why Tax Deductions Are Stupid (And Why We Love Them)Chalk it up to human psychology: Justin Fox offers three theories to explain why even reasonable people keep fighting (and passionately!) for unfair and inefficient tax deductions.That Bump in the Night? A Stephen King FrightThere's no better time than Halloween to honor America's top teller of scary stories, and Stephen L. Carter — who picked up a Stephen King habit in law school — thinks he understands the secret of his success. King's magic, Carter argues, is his ability to channel the national psyche — and the distinctively American terror born of the post-Watergate, post-Vietnam era. Ritholtz's ReadsWill stronger borders weaken innovation? (Strategy+Business)Bitcoin backlash: Back to the drawing board? (Musings on Markets)Stiglitz: America has a monopoly problem — and it's huge (The Nation)Bloomberg GadflyChina's rail bogeymanSoftBank shouldn't let Sprint's T-Mobile talks dieMerck has good reasons for its Keytruda delay(Read more from BV's sister site for fast business commentary.)Bloomberg L.P. ● 731 Lexington Avenue, New York, NY 10022Web ● Facebook ● TwitterFeedback ● Unsubscribe

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