FROM Michael Economides
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?
What is Trump's plan for Middle East peace? On his first foreign tour, President Trump has promised "peace" between Israel and the Palestinians. Are there any details for re-starting talks that have been stalled for the past three years?
Should we 'hack the climate' to fight global warming? The Paris Agreements won't be enough to reverse global warming, whether President Trump pulls the US out or not. Is it time to try altering the atmosphere by what's called "geoengineering?" We hear about unintended consequences, international relations… and ethics.