FROM Marc Chandler
Tumult in Pakistan and the World Economy With thousands of troops on the streets of Pakistan, President Pervez Musharraf stopped a protest rally today before it ever began. Benazir Bhutto was kept at home, but she may be playing a double game by leaving open the prospect of negotiations. From Texas, where President Bush is spending the weekend, the National Security Council called on President Musharraf to allow the opposition leader freedom of movement and to release jailed members of the political opposition. There's been no mention of any reduction in financial aid to Pakistan, even though it's contingent on promoting "the transition to democratic rule." Meantime, Wachovia is the latest bank hit by fallout from the sub-prime mortgage crisis. With that news, the Dow dropped 100 points as the stock markets opened today. Meantime, the dollar is falling and oil prices are rising. Is a nuclear power spinning out of control? What are the possible consequences for the global economy, including the price of oil? What about America's financial position, already battered by the falling dollar?
Trump plays scolder-in-chief with NATO allies At the opening of NATO’s dramatic new headquarters in Brussels today, President Trump acknowledged that Article 5 — promising that “an attack on one nation is an attack on all” -- has only been invoked one time: in the aftermath of September 11. But the President failed to provide what 27 other Alliance members have been waiting for: a re-commitment by America’s new leader to Article 5. Instead, they got a scolding.
The Trump agenda: where's the beef? President Trump says big things are happening. After celebrating a House bill on health care, he doesn’t yet have Senate agreement. With James Comey’s public testimony scheduled tomorrow, the President today tweeted his selection of a new FBI Director. Is the Chief Executive all style and no substance? Later, terror attacks in Iran and conflicting claims about who’s behind them.
The longest US war: Will Trump send more troops to Afghanistan? The Trump White House is divided over the Pentagon's request for more troops in Afghanistan—where the US has been fighting for the past 16 years. Is there a formula -- either for "victory" or a political settlement? Is there an end in sight for America's longest war?