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Egypt´s stock market
plummets after Morsi´s decree
Associated Press, by Staff
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Original Article
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Posted By:horacer, 11/25/2012 4:37:17 PM
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| CAIRO - Egypt´s benchmark stock index has plunged 9.5 percent halfway through the first trading session since the country´s Islamist president issued decrees to assume near absolute powers. Sunday´s losses on the Egyptian Exchange´s EGX30 index are among the biggest since the turbulent days and weeks after the ouster of authoritarian leader Hosni Mubarak last year. The fall follows the announcement Thursday by President Mohammed Morsi of a package of decrees that place him above any oversight, including judicial, and extend the same protection to two Islamist-dominated bodies:
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Comments:
The Director of the Exchange predicts bankruptcy in 3 months. Guess who will bail them out.
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Reply 1 - Posted by:
Pearson365, 11/25/2012 5:00:56 PM (No. 9033454)
Question to be answered is whether the Egyptian military remains on the side lines so that Morsi & his Muslim Bros can impose a complete dictatorship. If military moves to seize power, Morsi´s fanatics may wage civil war, similar to slaughter in Syria. Obama´s primary role in uprising will be to denounce all criticism of Susan Rice as racist & sexist.
Has anyone noticed how Syria, Libya and Afghanistan have disappeared from media coverage? Sure sign of pending Obama policy failures.
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Reply 2 - Posted by:
NYBruin, 11/25/2012 5:10:13 PM (No. 9033461)
Morsi´s power play will do nothing to improve tourism, the 2nd largest industry in Egypt.
One bad decision after another. . .
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Reply 3 - Posted by:
gesundheit, 11/25/2012 5:51:43 PM (No. 9033489)
If Obama hadn´t been so eager to send Hilliary rushing off to Egypt to end the Hamas-Israel war, they´d still be fighting, and the world would still be preoccupied with hating Israel while watching photo-shopped images of Palestinian urchins being carried away on stretchers.
Which would have given Mohamed Morsi some privacy away from the world´s stage to consolidate his totalitarian dictatorship by eliminating his antagonists. But with the whole world watching, Egyptian security forces have only managed to kill one protestor so far.
And where are Obama and Hillary now when their friend Mohamed so desperately needs them?
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Reply 4 - Posted by:
mackrand, 11/25/2012 6:35:42 PM (No. 9033553)
Tourism? What Tourism?
Any sensible person would head for Iceland or Thailand or Sri Lanka before the Middle East. And the turmoil and violence there isn´t going to end any time soon either! If Obama keeps his hand in, the situation stands to worsen and take forever to resolve itself.
I heard a story about a Buddhist Monk who was being questioned about his pacifist views. "What", he was asked, "would you do if you walked around a corner and were confronted by a gang of thieves?" He said that "I just wouldn´t go around that corner!" So a prudent person, just like that Buddhist Monk, would stay away from those corners in the Middle East.
Their stock market investors are departing from that corner as fast as their sell orders are executed.
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Below, you will find ...
Most Recent Articles posted by "horacer"
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Most Recent Articles posted by "horacer"
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Cyprus banks remain closed
to avert run on deposits
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Reuters, by Michele Kambas*
Original Article
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Posted By: horacer- 3/26/2013 12:29:15 AM
Post Reply
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(NICOSIA) - The president of Cyprus assured his people a bailout deal he struck with the European Union was in their best interests, but banks will remain closed until Thursday - and even then subject to capital controls to prevent a run on deposits. Returned from fraught negotiations in Brussels, President Nicos Anastasiades said late on Monday the 10-billion euro ($13 billion) rescue plan agreed there in the early hours of the morning was "painful" but essential to avoid economic meltdown. He agreed to close down the second-largest bank, Cyprus Popular, and inflict heavy losses on big
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Officials: Preliminary results show
chemical weapons not used in Syria
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CNN, by Barbara Starr*
Original Article
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Posted By: HoraceR- 3/21/2013 6:19:22 PM
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The United Nations will launch an investigation into Syrian claims that rebels used chemical weapons against its troops, even as U.S. officials told CNN Thursday that initial intelligence reports suggest no such weapons were used. The announcement follows days of claims by the Syrian government and rebel that the each used chemical weapons against the other side, allegations that have raised concern the ongoing civil war had entered a new, more deadly phase. U.S. President Barack Obama and other American officials have said in recent days there was no evidence to substantiate the reports that
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Stocks Decline Amid Cyprus
Worries; Vix Jumps
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CNBC, by JeeYeon Park
Original Article
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Posted By: HoraceR- 3/19/2013 1:15:03 PM
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Stocks turned lower in choppy trading Tuesday, with the euro tumbling to its lowest level since November, amid worries that Cyprus will reject its bailout plan. The Dow Jones Industrial Average turned lower, dragged by Caterpillar. If the blue-chip index closes lower, it will log its first three-day losing streak this year. The S&P 500 and the Nasdaq also tilted lower. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, jumped near 15. Among key S&P sectors, consumer staples held modest gains, while energy slumped.
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Cypriot Authorities in
Revised Deal Talks
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Financial Times, by Peter Spiegel*
Original Article
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Posted By: horacer- 3/17/2013 10:09:09 PM
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Cyprus´ embattled president was on Sunday in talks with Brussels and political rivals to ease the terms of a planned levy on smaller deposit holders as he tried to scrape together a parliamentary majority for a €10 billion bailout for the debt-laden island. President Nicos Anastasiades is still intending to raise €5.8 billion from Cypriot bank accounts to help fund the bailout, an unprecedented move by the eurozone that could yet spark wider concern about the safety of bank deposits in the bloc. Cypriot authorities were weighing an additional bank holiday on Tuesday pending emergency parliamentary ratification of the deal which would
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Syria’s Assad running out
of troops to fight rebels
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Washington Times, by Staff
Original Article
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Posted By: horacer- 3/12/2013 5:11:35 PM
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President Assad Bashar is running out of government troops to fight off rebels, a new report detailing the Syrian leader’s recruitment effort suggests. A Sunni cleric close to Mr. Assad — grand mufti Sheik Ahmad Badr al Deen Hassoun — has issued a decree for more military recruits, The Guardian reports. The decree suggests a dire need; if volunteers don’t step up, the government may start enforcing its compulsory service authorities, The Guardian says.
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Florida Republican Sen. Marco
Rubio calls Jerusalem Israel’s capital
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Associated Press, by Staff
Original Article
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Posted By: horacer- 2/20/2013 4:01:57 PM
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JERUSALEM — An influential Republican senator has called Jerusalem the capital of Israel, taking a stand on an explosive issue between Israel and the Palestinians. The fate of Jerusalem is one of the most intractable issues in the Mideast conflict with both Israelis and Palestinians claiming rights to the city. In his first official visit to the country, Florida Sen. Marco Rubio told Israel’s president on Wednesday that Jerusalem is “of course the capital of your country.” He reiterated America’s bipartisan support for Israel.
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Iran and Hezbollah build
militia networks in Syria
in event that Assad falls, officials say
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Washington Post, by Karen DeYoung*
Original Article
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Posted By: horacer- 2/10/2013 6:00:37 PM
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Iran and Hezbollah, its Lebanese proxy, are building a network of militias inside Syria to preserve and protect their interests in the event that President Bashar al-Assad’s government falls or is forced to retreat from Damascus, according to U.S. and Middle Eastern officials. The militias are fighting alongside Syrian government forces to keep Assad in power. But officials believe Iran’s long-term goal is to have reliable operatives in place in the event that Syria fractures into separate ethnic and sectarian enclaves. A senior Obama administration official cited Iranian claims that Tehran was backing as many as 50,000 militiamen in Syria.
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Officials: Obama coming to
Israel to prevent strike on Iran
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Jerusalem Post, by Staff
Original Article
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Posted By: horacer- 2/10/2013 12:58:37 PM
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The main purpose of US President Barack Obama´s visit to Israel in the spring is to warn Prime Minister Binyamin Netanyahu against attacking Iran, unnamed officials told Army Radio on Sunday. According to the officials, the urgency of the trip is because in his speech to the United Nations in September, Netanyahu had flagged the spring of 2013 as a significant time in the context of the Iranian nuclear threat. Therefore, they said, Obama is concerned that the prime minister will decide to attack Iran now when he is backed by
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Image indicates Syria
building unscathed by Israel strike
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Reuters, by Maayan Lubell
Original Article
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Posted By: horacer- 2/6/2013 6:00:54 PM
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(Jerusalem) - A research center that Syria said had been hit by an Israeli air strike last week appears to have remained unscathed in the attack, according to satellite images broadcast by Israeli television on Wednesday. Diplomats, Syrian rebels and security sources said Israeli jets had bombed a convoy near the Lebanese border last week, apparently hitting weapons destined for the Lebanese militant group Hezbollah, which fought a 34-day war with Israel in 2006. Syria denied the assertions, saying the target was the Jamraya military research complex on the northwestern fringes of Damascus, 8 miles from the border.
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How Unions Promote Wage Inequality
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Bloomberg News, by Amity Shlaes
Original Article
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Posted By: horacer- 12/27/2012 1:08:23 AM
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Relief was the main sentiment of travelers who planned to pass through John F. Kennedy International Airport in New York when security workers there canceled the threat of a Christmastime strike. Yet two troubling questions linger. The first involves the airport workers’ specific grievances. They complained of making only $8 an hour. Why so low, you wonder, especially compared with what union workers in security-related jobs get. The guards, hired by the contractor Air Serv Corp., were so angry that one of them even expressed a warning that those in safety fields often don’t make explicit:
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Russia: Syria consolidates
its chemical weapons
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CNN, by Staff
Original Article
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Posted By: horacer- 12/22/2012 6:54:56 PM
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Syria has consolidated its chemical weapons into one of two locations from its usual places scattered across the country, Russia´s foreign minister said Saturday. The move comes as unrest in the country extends to nearly two years, with rebels making gains recently. "As of right now... the [Syrian] government is doing all it can to safeguard those weapons," Russian Foreign Minister Sergei Lavrov said, according to Russia´s RIA Novosti news agency. "We are following all leads concerning chemical weapons," the foreign minister said,
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Wall Street Tense After
´Fiscal Cliff´ Setback
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CNBC, by Patti Domm
Original Article
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Posted By: horacer- 12/21/2012 1:04:12 AM
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Friday could be a tense day for markets, as a resolution to the "fiscal cliff" appears less likely in the final trading days of the year. Stock futures fell sharply Thursday evening after House Speaker John Boehner said he failed to mount support for his "Plan B" version of a bill that would raise taxes only on families earning more than $1 million, a plan already opposed by the White House. GOP leaders said the House would not take up any other votes until after Christmas,
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Most Active Articles (last 48 hours)
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McCain: ´I don´t understand´
GOP filibuster on guns
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Politico, by Jennifer Epstein
Original Article
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Posted By: JoniTx- 4/7/2013 12:18:14 PM
Post Reply
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Sen. John McCain says he doesn´t understand the threats from some of his Republican colleagues to filibuster a bill on background checks to buy guns. "I don´t understand it," the Arizona Republican said on Sunday of the threat coming from Sen. Rand Paul,Sen. Ted Cruz, Sen. Mike Lee and nine other Republicans. "The purpose of the United States Senate is to debate and to vote and to let the people know where we stand.” "What are we afraid of? ... If this issue is as important as we all think it is, why not take ... it up and debate?"
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´My bangs are getting
a little irritating´: Michelle
Obama admits she already regrets
her high-maintenance hairdo
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Daily Mail (UK), by Margot Peppers
Original Article
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Posted By: pineledger- 4/7/2013 7:43:42 AM
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Michelle Obama has admitted that she is already tired of the bangs she first sported in January. The First Lady said in an interview with Entertainment Tonight: ´Bangs are a day-by-day proposition. They´re starting to grow out, get a little irritating.´ Still, she hasn´t let her hairdo woes get her down. ´It´s okay,´ she said after her initial complaint. ´We´ll be good.´ The first indication that her hairstyle was becoming a burden came about last weekend, when Malia, 14, was spotted adjusting her mother´s hair during the White House Easter Egg Roll.
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Former British prime minister
Baroness Thatcher dies peacefully at the age
of 87 after suffering a massive stroke
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Daily Mail [UK], by James Nye
Original Article
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Posted By: Attercliffe- 4/8/2013 8:55:39 AM
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Margaret Thatcher, the first female British Prime Minister who gained worldwide renown as the Iron Lady has died aged 87. Developing a formidable partnership with President Ronald Reagan during the 1980s, Mrs. Thatcher stood up to the ´Evil Empire´ of the Soviet Union, eventually witnessing its collapse. [Snip] Responding to her death, Buckingham Palace said, ´The Queen is sad to hear the news of the death of Baroness Thatcher and Her Majesty will be sending a private message of sympathy to the family, Buckingham Palace said today.´ British Prime Minster David Cameron said on hearing of her passing, ´It was
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Christians, here´s why we´re
losing our religion
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Fox News, by Craig Groeschel
Original Article
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Posted By: STLstudent- 4/7/2013 5:13:55 PM
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Recent research indicates that the number of people who do not consider themselves a part of an organized religion is steadily on the rise. Interestingly enough, though the number of those religiously unaffiliated is increasing, there is little to no trend in the number of those who express atheist or agnostic beliefs. People aren’t saying they don’t believe in God. They’re saying they don’t believe in religion. They are not rejecting Christ. They are rejecting the church. This begs the question, “Why are we losing our religion?”
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Kim Jong-un Wants Phone
Call from Obama - report
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Korea Broadcast Service, by Staff
Original Article
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Posted By: Desert Fox- 4/8/2013 6:56:50 AM
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North Korea’s young leader Kim Jong-un is waiting for United States President Barack Obama to make a phone call to Pyongyang to discuss easing tensions on the Korean peninsula, according to Russia’s news agency Itar-Tass. The report cited United Kingdom diplomats, saying Pyongyang was demanding the U.S. president personally call Kim Jong-un as one of the conditions to relieve the current conflict at hand. Itar-Tass also quoted the U.K.’s Sky News as saying North Korea currently has eight nuclear warheads.
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Broadcasters worry
about ´Zero TV´ homes
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Associated Press, by Ryan Nakashima
Original Article
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Posted By: Ribicon- 4/7/2013 2:43:40 PM
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Los Angeles — Some people have had it with TV. They´ve had enough of the 100-plus channel universe. They don´t like timing their lives around network show schedules. They´re tired of $100-plus monthly bills. A growing number of them have stopped paying for cable and satellite TV service, and don´t even use an antenna to get free signals over the air. (Snip) Last month, the Nielsen Co. started labeling people in this group "Zero TV" households, because they fall outside the traditional definition of a TV home. There are 5 million of these residences in the U.S., up from
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´Mickey Mouse Club´ star
Annette Funicello dies at 70
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Los Angeles Times, by Dennis McLellan
Original Article
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Posted By: JoniTx- 4/8/2013 1:18:00 PM
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Annette Funicello, the dark-haired darling of TV´s “The Mickey Mouse Club” in the 1950s who further cemented her status as a pop-culture icon in the ´60s by teaming with Frankie Avalon in a popular series of “beach” movies, died Monday. She was 70. Funicello, who was diagnosed with multiple sclerosis in 1987 and became a spokeswoman for treatment of the chronic, often-debilitating disease of the central nervous system, died at Mercy Southwest Hospital in Bakersfield, Walt Disney Co. spokesman Howard Green said. Funicello and her husband, Glen Holt, had moved from
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Mother Of Slain Benghazi
Officer To Sean Hannity:
‘They Want Me To Shut Up’
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Mediaite, by A.J. Delgado
Original Article
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Posted By: StormCnter- 4/7/2013 5:00:16 AM
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On Friday, Sean Hannity brought Pat Smith, mother of the late Sean Smith, on his radio program. The 34-year-old information management officer was one of four Americans murdered in the Benghazi embassy attack on September 11, 2012. In the chilling interview, a distraught Ms. Smith, in tears, pleaded for answers and spoke of the efforts to silence her. Ms. Smith first relayed how her son, prior to the attack, requested additional security in advance and warned the State Department: He did tell them, ahead of time, he typed it into his little typewriter over there,
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Vanishing workforce
weighs on growth
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Washington Post, by Jim Tankersley
Original Article
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Posted By: Dreadnought- 4/6/2013 11:28:59 PM
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Put out an all-points bulletin: Millions of Americans have gone missing from the workforce. Every month that those would-be workers are gone raises the odds that they might never come back, dimming the prospects for future economic growth. The vanishing trend is more than a decade old, but it accelerated during the Great Recession. Throughout 2012, economists held out hope that it had stopped. But then came Friday’s jobs report, and hopes were dashed. The Labor Department reported that the U.S. labor force — everyone who has a job or is looking for one — shrank
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The Secrets of Princeton
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New York Times, by Ross Douthat
Original Article
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Posted By: Oblio- 4/7/2013 8:08:09 AM
Post Reply
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Susan Patton, the Princeton alumna who became famous for her letter urging Ivy League women to use their college years to find a mate, has been denounced as a traitor to feminism, to coeducation, to the university ideal. But really she’s something much more interesting: a traitor to her class. Her betrayal consists of being gauche enough to acknowledge publicly a truth that everyone who’s come up through Ivy League culture knows intuitively —
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Chelsea Clinton doesn´t close
door to public office
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USA Today, by Catalina Camia
Original Article
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Posted By: jackson- 4/8/2013 10:23:20 AM
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Chelsea Clinton has raised her profile in the last few days, which sparked the inevitable question about the former first daughter´s future: Will she ever be like Mom and Dad and run for office? Clinton, 33, essentially said "maybe" in an interview that aired Monday on NBC´s Today show. "Right now I´m grateful to live in a city, a state and a country where I strongly support my mayor, my governor, my president and my senators and my representative," said Clinton, whose father, Bill, was president from 1993-2001 and her mother, Hillary
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