I was going to try out Adobe Premier Elements 2018 on a TRIAL basis but when I saw the nature of the errors logged I decided to go back to ADOBE PREMIER ELEMENTS 14.
While I was installing I noticed the 2018 version installed using C++ REDIST 2010 which didn't mean anything to me until I reinstalled ADOBE ELEMENTS 14 and it installed using the C++ REDIST 2013. I thought that was odd using an OLDER version of C++ REDIST for the LATEST release.2018.
Not only VC runtime 2010, but there are many more runtimes that are required to run Elements. To assure you that 2018 and 2014 both uses the same runtime, you can Remove all the runtimes from your computer and then install Elements 14, It would install 2010 as well.
The fact that 2018 had already installed VC runtime 2010, therefore it was not installed again by 14th version of Elements.
Please feel free to use 2018 without any worries. This is a known and expected behavior.