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}A daily digest of opinions and analysisBanking Against a New Age of Nuclear ProliferationNukes pose a greater threat now than at any point since the end of the Cold War — just look at North Korea, India and Pakistan, and yes, the United States — but not all the news is grim. Tobin Harshaw speaks with Ernest Moniz, the former U.S. energy secretary and current CEO of the Nuclear Threat Initiative, about a smart new plan to circumvent bad actors.America’s Getting More Tolerant, and the Haters Hate ItIgnore the fringe in Charlottesville: By many objective measures, the country’s social fabric and attitudes are getting healthier. Albert R. Hunt dives into the data and finds reason to be hopeful.Brazilians Dance Around ReformLawmakers know Brazil’s dysfunctional system of government needs change, but with an election approaching, incumbents don’t dare take dramatic action. Mac Margolis considers what their tweaking around the edges might accomplish for South America’s largest economy.ICYMI: Arpaio Pardon Shows Contempt for ConstitutionOn Friday, Donald Trump announced he was pardoning Joe Arpaio, the Arizona sheriff who continued his program of racial profiling even after a federal judge deemed it unconstitutional. (His intransigence earned him a contempt of court conviction; he also misused his power in a host of other ways.)Two days before the announcement, Harvard Law professor Noah Feldman wrote about the possibility, warning it would be “an assault on the federal judiciary, the Constitution and the rule of law itself” and even “an impeachable offense.” If you missed his analysis the first time around, now’s a good time to read it.Before it’s here, it’s on the Bloomberg Terminal. Find out how the Terminal delivers information and analysis that financial professionals can’t find anywhere else. Learn more.Ritholtz’s ReadsTwelve ways of looking at Frank Lloyd Wright (New York Review of Books)The lives of bitcoin miners digging for digital gold in Inner Mongolia (Quartz)The American protectionism bill that made the Great Depression worse (Marketplace)(Read Barry Ritholtz’s full daily news roundup here.) Bloomberg L.P. ● 731 Lexington Avenue, New York, NY 10022Web ● Facebook ● TwitterFeedback ● Unsubscribe

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