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10 Feb 2011 21:52

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Biz: Did Mubarak’s insane speech help Wall Street today?

  • YES the speech helped stocks make a late-day rally source
  • » Why did that happen? Simply put, the stock market liked the fact that Mubarak said he was giving up much of his authority in Egypt to Omar Suleiman – not enough for protesters, but apparently enough for money managers. “The moment Mubarak said he would be giving up duties to his vice president, the market said it was a good thing and rose,” said Michael Holland, whose company manages billions in funds on the market.
Posted by Ernie Smith • 0 Comments • Permalink

10 Feb 2011 21:37

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Politics: Mubarak’s speech made Obama, Leon Panetta look like fools

Uh-oh, someone bought into the narrative. (At a speech in Michigan, Obama suggested Egypt’s transition was imminent. Panetta did the same earlier in the day.) But so did everyone else. source
Posted by Ernie Smith • 0 Comments • Permalink

10 Feb 2011 21:21

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World: “The Worst Speech Ever”: Where do we go from Mubarak’s rant?

  • He offered a vaguely worded delegation of power to Vice President Omar Suleiman, long after everyone in Egypt had stopped listening. It is virtually impossible to conceive of a more poorly conceived or executed speech.
  • Foreign Policy writer Marc Lynch • Scoring the speech at home and saying the obvious. We could have made a better speech than Hosni Mubarak, and we suck at public speaking! That’s why we use the internet! Lynch notes that the speech from Omar Suleiman was as damaging, if not moreso than Mubarak’s, because it inextricably tied an unpopular figure to his potential successor – especially since he implicitly blamed Al Jazeera for his problems. “It solidified the already deep distrust of his role among most of the opposition and of the protestors,” Lynch wrote, “and tied his fate to that of Mubarak.” From here, things will only get worse for everyone involved – especially the United States, who have a hard game of chess ahead, and the protesters on the ground, who may grow more unruly and already have a protest planned for tomorrow. source
Posted by Ernie Smith • 0 Comments • Permalink

10 Feb 2011 20:57

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World: Mubarak’s speech: Why the United States needs to look inward

  • “I can not and will not accept to be dictated orders from outside, no matter what the source is.” What makes a leader, in the face of international, media and local scrutiny, choose not to listen to repeated calls to resign? Who essentially shames his allies? A man whose statements are so transparent that not even his own people believe them? And why is it that the world allowed him to gain so much authority that he can’t easily be toppled from his position? There are a lot of questions tonight, and we’ve been parsing through them all afternoon. The fact that Mubarak was effectively supported by the United States makes the question marks much more pointed. As Americans, we need to learn how to encourage democracy at all costs, and focus less on what we gain – leverage in Israel, influence in a region, whatever. We can’t support another military state created by the United States. It’s ended in tears multiple times, and every time, Americans lose out monetarily, civilians lose their rights, and our world becomes a little more unstable. No more. This has to stop. source
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10 Feb 2011 10:59

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World: Report: Egyptian military detaining, torturing protesters

  • Their range is very wide, from people who were at the protests or detained for breaking curfew to those who talked back at an army officer or were handed over to the army for looking suspicious or for looking like foreigners even if they were not. It’s unusual and to the best of our knowledge it’s also unprecedented for the army to be doing this.
  • Egyptian Initiative for Personal Rights director Hossam Bahgat • Describing the nature of some of the arrests and detainment taking place in Egypt at the moment. Bahgat’s words go against the narrative suggesting that the military is on the side of the people in the current spate of protests, and instead paint a picture that they are in fact taking part in incidents more commonly associated with the country’s notorious state security intelligence. One protester, only offering to go by his first name, Ashraf, put his experience as such: “I was on a sidestreet and a soldier stopped me and asked me where I was going. I told him and he accused me of working for foreign enemies and other soldiers rushed over and they all started hitting me with their guns.” Harrowing. source
Posted by Ernie Smith • 0 Comments • Permalink

10 Feb 2011 10:46

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World: Roundup: Reports confirming Mubarak’s possible departure

  • BBC Egyptian Prime Minister Ahmed Shafiq told BBC Arabic that the possibility of Hosni Mubarak’s departure was being discussed, without giving a timetable.
  • Ch. 4 Reporter Lindsey Hilsum says that she got word from Hossam Badrawy, the new leader of Mubarak’s National Democratic Party, that he could be out tonight.
  • NBC The network says that they got confirmation that he is leaving from a source inside the presidential office, then confirmed it with another source. Hmm. source
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10 Feb 2011 10:21

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World: Protesters get their wish? Hosni Mubarak may leave office tonight

A Channel 4 reporter who spoke to National Democratic Party secretary-general Hossam Badrawy says that Mubarak could be out as soon as today. Whoa, this is big. source
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08 Feb 2011 21:32

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World: Egypt gets strong scolding from U.S. over emergency law

  • Hey Egypt, your strongest ally is yelling at you. Here’s why. See, Egypt has this emergency law in place that allows them to detain protesters and other folks they don’t like without charge. And the United States doesn’t like this. Especially in the wake of comments that vice president Omar Suleiman made about the country not being ready for democracy. It also doesn’t help that he suggested that the government might step in to quell the protests. What does the U.S. think? Well, a few things, which they released in a statement today. First – Stop screwing with protesters. Second – Rescind an emergency law that allows the government to detain anyone for any reason. Third – Broaden the dialogue to allow opposition voices. And finally – Invite the opposition to the bargaining table. This hard line was needed before Suleiman was around, guys. Why did this guy get the golden ring, anyway? He’s terrible. source
Posted by Ernie Smith • 0 Comments • Permalink

08 Feb 2011 10:44

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World: Recently-freed Egyptian protester Wael Ghonim inspires many

  • I want to tell every mother and every father of the people who died, I am so sorry, I swear to God it’s not our mistake. It’s the mistake of the people who are in charge of the country and don’t want to leave their positions.
  • Egyptian protest figurehead Wael Ghonim • Talking on Egyptian television about the people who were injured and killed while he was held in captivity for days. Ghonim’s statements, which were very teary-eyed and heart-wrenching, have proven inspiring to protesters today, who are reportedly showing renewed vigor on the streets this morning. “I’ve been following since it started, but after last night I realized I couldn’t stay away any more,” says Ahmed Osman, who was inspired to join the protests in Cairo based on Ghonim’s statements. “Our demands are simple, and they haven’t been met.” source
Posted by Ernie Smith • 0 Comments • Permalink

08 Feb 2011 02:26

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Politics: Max Headroom: Reporters talk about their Egypt battle scars

  • Somehow, these guys made it out. Perhaps one of the most harrowing reporter stories to come out of Egypt this week comes from Fox News reporter Greg Palkot and cameraman Olaf Wiig, who were smoked out of the building they were staying in, only to get caught in a crowd of pro-Mubarak supporters. Palkot has some pretty severe injuries. Yikes. A lot of reporters probably were put in situations similar to this, and it’s good to note that their hard work kept the cameras on the country as things started to waver. source
  • Anderson Cooper gets scared, tooIn one of the more harrowing clips from the past week, CNN’s Anderson Cooper, he of getting punched in the face by some pro-Mubarak supporters, is in some random room trying to report the news. He left the country not long after this episode, a victim of having a well-known face in an area not kind to journalists.
  • Are things really getting better?On tonight’s show, Rachel Maddow brought up the plight of Ayman Mohyeldin, the Al Jazeera reporter who was detained by authorities for a few hours before finally getting released. Mohyeldin’s words, Maddow argues, show that the narrative doesn’t support what’s actually happening in Egypt. It’s way worse.
Posted by Ernie Smith • 0 Comments • Permalink
 
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