Subject: Donald Trump Jr. learned from the master
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Wed, 12 Jul 2017 05:09:15 -0400 (EDT)

A daily digest of opinions and analysis

Trump’s Son Is Acting Just Like His Dad

Releasing emails that could come back to haunt him? With a Justice Department investigation under way? It seems unwise, but that’s exactly what Donald Trump Jr. did yesterday, after the New York Times obtained a compromising email chain that raised new questions about Russian interference in the 2016 elections. The younger Trump’s decision to tweet out the emails may have surprised lawyers, but Timothy L. O’Brien says he was just taking a page from his father’s playbook.

Where the Trump-Russia Scandal Is Headed

With each new day bringing a fresh crop of unflattering news stories, the White House faces a dilemma: The president’s attempts at damage control threaten to backfire and sink his popularity. Jonathan Bernstein lays out the five most likely outcomes for a struggling administration. (Meanwhile, Megan McArdle considers the poor fate of the die-hard Trump defender — left, amid damning revelations, to quibble over the definition of “collusion.”)

How Foreign Aid Helps Grand Rapids, Michigan

“I need to explain why this expense makes sense for a family in Grand Rapids,” Trump’s budget director said in an attempt to justify slashing foreign-aid spending. But if that family cares about reducing drug crime or illegal migration, foreign aid makes quite a bit of sense. Brookings Institution fellow Marcela Escobari explains why aid to Central America (to name just one example) can pay off throughout the United States.

You Can Pay for a Ballpark Without Fleecing Taxpayers

Time for some good news! (Because goodness knows, we all need it.) Joe Nocera applauds the small city of Pawtucket, Rhode Island — home of the Triple-A minor-league affiliate of the Boston Red Sox — for offering a case study in how to do stadium financing right.

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Ritholtz’s Reads

Time for Wall Street to dump the Dow (Business Insider)

It’s the little things that can color an investor’s outlook (MoneyBeat)

Smart beta funds stalked by “chaotic factor” zoo (Financial Times)

(Read Barry Ritholtz’s full daily news roundup here.)

Bloomberg Gadfly

Marks & Spencer’s posh food fight

Britain has a few ideas about Uber

Health care's Goldilocks scenario looks slightly less improbable

(Read more from BV’s sister site for fast business commentary.)

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