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, the GOP and the rule of law Conservatives — and some Republicans — are criticizing the President for "the mess he made" in firing FBI Director James Comey. We hear about a potential successor, the possibility of "obstruction of justice" and the constitutional separation of powers.
Russian probe gets jolt from Yates and Clapper Senate hearing Intelligence officials have long since concluded that Russia interfered in last year's US election. After yesterday's Senate Judiciary Committee hearing, what more do we know about the threat to future elections and how it's being handled by the Trump Administration?
Trump fires FBI Director James Comey Vice President Mike Pence took the Administration's lead today in explaining why the President fired the Head of the FBI, saying, "The president made the right decision at the right time." Trump's action is being compared to the so-called "Saturday Night Massacre" that led to President Richard Nixon's resignation in 1973.