Pakistan: the fire next time

Pervez Musharraf faces two crises and several serious problems. Investors don’t seem worried about the woes of the Pakistani president, who took power in a 1999 military coup. But they might take notice if nuclear-armed Pakistan came under the control of radical Islamists, which isn’t impossible.. Crisis one is over Musharraf’s sacking of the Chief Justice, which provoked deadly riots in Karachi and has alienated the president’s supporters from the traditional political parties. Crisis two is w...