Live: Al Jazeera coverage of Egypt’s growing revolution

by **vanlose kid** » Sat Jan 29, 2011 4:35 am

A Recap Of Today's Emergency Bernank Conference
Submitted by Tyler Durden on 01/28/2011 17:56 -0500

1/28 Emergency Bernank Conference

12:30--PA—NEWSWIRE--ZeroOnions--12:30---FU –U2

Chairman of the Federal Reserve, Ben Bernanke, in an attempt to soothe global markets in the midst of a breakdown of uncivil society in Egypt, where strongman Hosni Mubarak is struggling to extend decades of control through iron-fisted use of security forces, scheduled a hasty Washington D.C. press conference at eight thirty EST Friday morning.

“Markets remain attractive, inexpensive, and the only way out,” he said to the assembled reporters. “You can bet the baby oil in my beard that we’ll just acquire that Middle Eastern dry spot if it threatens to take the Dow down more than two hundred points or so. Fuck the reverse repo. I don’t even really know what that means.” He continued, “It’s like that old song … ‘Walk like an Egyptian’. I mean, it’s what we’ve been doing anyway.” In a second, and widely applauded, section of his prepared remarks, Bernanke added, “We’re going to do everything it takes. I mean Everything It Takes. In fact, as of this morning we initiated the Everything It Takes (EIT) program to begin buying hard assets and certain Middle Eastern and Emerging Market countries with a new Federal Reserve Note called the U.S. “Pooney”, which will be linked to the value of produced-out US shale frac proppants, which can, themselves, be wagered on through a secondary exchange created for the EIT program by Goldman Sachs and, their longtime partner, the New York based Goombinacello Family.”

“There just aren’t any votes in quoting Adams Smith,” he told the assembled reporters, referencing a line recently attributed to the President of the United States whose free market credentials have been questioned recently by the cohort of deviant individuals who exceeded 950 on their SATs.

The chairman became unusually expressive at one point in the conference, banging his head twice on the podium before saying, “I’m serious about this. Every now and then helicopters and Hefty bags full of cash simply aren’t enough. Just ask the CIA. We’re going to need to actually take ownership and let Timmy and the President show those 21st century cavemen what democracy looks like.”

In concert with this announcement, and as part of the EIT, the Federal Reserve today also announced the 2 for 1 “Mr. W” bank loan program, in which the Federal Reserve will take down a matching loan for any lending that US banks extend, at the same rate applied to the loan to be matched. The language was inserted in a five hundred page document that otherwise discusses a committee proposal to utilize consumable rice paper in the future composition of US banknotes, but Bernanke also referenced the program in his comments. “I got the idea from a firecracker stand,” he told the assembled press. “You buy one Black Cat, you get one free. Sometime two free. They sell a lot more that way and it’s an attractive model for the US economy.” The chairman added that this sub component of the EIT will be directly managed by, “Whoever Lloyd can spare.”

When asked about a recent comment from Representative Ron Paul accusing The Bernanke of misusing an account dedicated to emergency market operations, Bernanke said, “Look, that PPT thing is really Timmy’s deal. He’s got cover because Paulson kicked it off, so he sort of does what he wants to. Depends on the day, really - and the President’s speaking schedule. I think he’s got twenty or thirty young guys helping him and they’ve all got like eight screens sitting on their desks, so you know they’re sharp.”

Asked about the short, abbreviated pinky salute that some staffers and administration officials have been favoring the Chairman with, he became pensive. “I like it, you know. Look back in history. All the guys who really did stuff sort of came up with their own salute. It’s a helluva lot better than having to say ‘good morning’ with a stiff beard full of crunchy cereal milk.”

--Arsso Gullabel, ZEROONIONS--ARFU 12:30--PARODY, FU*2 –u2 –ME2—ALLOFUS-^2

h/t TW

http://www.zerohedge.com/article/recap- ... conference

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by **vanlose kid** » Sat Jan 29, 2011 5:31 am

Groton Guard detachment is heading to Egypt
Published 01/24/2011 12:00 AMUpdated 01/24/2011 04:59 AM0

Groton - Connecticut National Guard Detachment 2, Company I, 185th Aviation Regiment of Groton has mobilized and will deploy to the Sinai Peninsula, Egypt, to support the Multinational Force and Observers.

The unit left Connecticut Jan. 15 for Fort Benning, Ga., for further training and validation. The unit operates C-23C Sherpa aircraft and has deployed three times in the last seven years in support of the conflicts in Iraq and Afghanistan.

The unit will provide an on-demand aviation asset to the Multinational Force and Observers commander to support its mission of supervising the security provisions of the Egypt/ Israel Peace Treaty.

Chief Warrant Officer Four James Smith of Ivoryton commands the aviation unit.

http://www.theday.com/article/20110124/ ... 955/-1/nws

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by **vanlose kid** » Sat Jan 29, 2011 6:04 am

Egyptian Activists' Action Plan: Translated
Jan 27 2011, 7:40 PM ET
By Alexis Madrigal

Egyptian activists have been circulating a kind of primer to Friday's planned protest. We were sent the plan by two separate sources and have decided to publish excerpts here, with translations into English. Over Twitter, we connected with a translator, who translated the document with exceptional speed.

What follows are side-by-side translations of nine pages from the 26-page pamphlet. They were translated over the last hour and pasted up in Photoshop to give you an idea of what's in the protest plan. While the plan itself contains specifics about what protesters might do, these excerpts show how one might equip oneself for clashes with riot police. Egyptian security forces have repeatedly beaten protesters as the level of violent repression of demonstrations has ratcheted upwards. For more context on the pamphlet itself, the Guardian UK ran a summary of it earlier today.

As you'll read, the creators of the pamphlet explicitly asked that the pamphlet not be distributed on Twitter or Facebook, only through email or other contacts. We're publishing this piece of ephemera because we think it's a fascinating part of the historical record of what may end up becoming a very historic day for Egypt.

The pages included are 1, 2, 3, 4, 10, 12, 13, 22, and 26. You can click to (roughly) double the size of the images.

Update 8:21pm: People have asked why these particular pages were chosen. We had limited resources, so we knew we'd only be able to translate an excerpt. My guiding principles were to stay away from the small amount of tactical information in the pamphlet. Instead, we ran the more general pages. There is nothing in these pages that goes beyond standard advice and broad political statements. Broadly, we were trying to balance the historic nature of the document and protest with the safety of protesters. Publishing this excerpt was the compromise at which we arrived.

Update 8:48pm: Our translator requested that his name and Twitter handle be removed from the post. We complied.

Updated 8:57pm: Added context around why this information might be necessary for protesters.

Update 9:32am: A refinement of the document's translation has been made. Meanwhile, the Internet remains shut off in Egypt as protesters across the country clash with security forces wielding large amounts of tear gas and powerful water cannons. While the Internet remains shut off, @Jan25Voices is tweeting updates from phone calls with Egyptians. Al Jazeera English is providing excellent coverage from the ground.

http://www.theatlantic.com/internationa ... ted/70388/

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by **vanlose kid** » Sat Jan 29, 2011 6:31 am

Hosni Mubarak wealth goes beyond 40 Billion Dollars
Page last updated on Monday 26th of April 2010 01:15:34 AM

Jouhina News:

(Alkhabar) Newspaper Algerian is widely supported by the figures on the wealth of all Egyptian President, said sources by President’s member of Hosni Mubarak’s family, and his wife, Mrs. Suzanne Mubarak and his two sons, (Gamal and Alaa), who own more than 40 billion dollars properties and assets in banks and U.S. institutional investors and banks in Switzerland and Britain.

The paper's sources that Jamal [Gamal] Mubarak, Assistant Secretary-General of the ruling National Democratic Party in Egypt, has its own wealth is estimated at 17 billion dollars spread over several banking institutions in Switzerland, Germany and the United States and Britain, where he has the current account secret bank’ UBS'' Swiss account in second in the Swiss bank is another''ACM'', the distribution of wealth across several investment funds in the United States and Britain, including Bristol Foundation and Real Estate British, the Foundation for Financial Data''Surf'', which manages mutual funds.

Ms Susan, according to a confidential report was discussed in foreign source says, she became a member club of billionaires since 2000, when it was her personal fortune billion reserves fulfilled mostly in American banks, as they own property in several European capitals such as London, Frankfurt, Madrid, Paris and Dubai. Range from the wealth of Egypt's First Lady today between 3 and 5 billion dollars, has reaped the most personal of interventions for the benefit of its investors and businessmen.

The Alaa Mubarak has reached the value of property and funds personal inside and outside Egypt 8 billion dollars, including property in Los Angeles, Washington and New York, where he owns a real estate exceeded the value of 2.1 billion dollars in the street Rodeo Drive, which is one of the finest streets of the world, in the suburb Manhattan in New York, in addition to having two characters of two royal yacht and a value exceeding 60 million Euros.

The (Alkhabar) in its report: As for the farmer's own son Egyptian President Mohamed Hosni Mubarak, the value of his personal fortune estimated in 2001 at least 10 billion dollars in mostly liquid funds in American banks and Swiss, British, such as Bank of Scotland England and Credit Suisse of Switzerland.

The sources estimated the daily Algerian funds President Mubarak, not less than 15 billion pounds, mostly from commissions on arms deals and questionable real estate deals in Cairo and the tourism investment zones in Hurghada and Sharm el-Sheikh, is not surprising that the value of Mubarak’s wealth is more than 40 billion, so Most major companies imposed on it to deliver 50 percent of their annual earnings to a member of the Mubarak family, Mubarak gets 50 percent of net profits in the institutions of cigarettes Marlboro and Metro, Hermes and Mcdonnlds (Mansour), Skoda (Shafiq), and ahmad-Ezz , and Dreamland (touched), the company followed by the television stations attacked Algeria on a daily basis, and ART (Saleh Kamel), and First (full-Kholi), and Movenpick (Salem), and commercial (Mallawani) and Vodafone (champion) was prior to impose the same percentage to the English company, which owns Vodafone Egypt, and Ceramica (Aboul-Enein), and Weavers (Khamis), and Mobinil (Severus), and Hyundai (Ghabbour), Al-Ahram Beverages (Zayat), and the City Stars (and Sharbatli Alchukbkcy), and Americana (Kharafi and millennial) and Chili (Mansour Amer) and other and other big companies.

http://www.jpnews-sy.com/en/news.php?id=709

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by **vanlose kid** » Sat Jan 29, 2011 6:40 am

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nolanjazeera
.Driving across Cairo not seen a single cop! Civilians directing traffic at some intersections as even traffic police have gone #Jan25
36 minutes ago via web .

15 dead bodies in Cairo morgue. Words can't do justice to the anger of grieving families. Screams at our camera 4 Mubarak to leave #Jan25
about 1 hour ago via web .

Army tanks all thru Cairo. Just filmed in gutted NDP compound, still burning, 50 vehicles torched in the grounds. Pics on AJE #Jan25
about 1 hour ago via web .C
'
ivilians welcoming army so far. Smiles & waves from soldiers we see. #Egypt & perhaps the world praying that holds! #Jan25
about 1 hour ago via web .

Internet still down here in #Egypt but phones back up so tweeting via abroad #Jan25
about 1 hour ago via web

http://twitter.com/nolanjazeera

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by **vanlose kid** » Sat Jan 29, 2011 7:46 am

aJ: 50,000 protestors in Tahriri square; curfew times now 1600-0800 for major cities;

http://english.aljazeera.net/watch_now/

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by **vanlose kid** » Sat Jan 29, 2011 7:50 am

AJ: Net down, mobiles up; at least 95 killed nationwide.

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by **vanlose kid** » Sat Jan 29, 2011 8:04 am

10.42am: Thirty bodies were taken to El Damardash hospital in central Cairo between 1pm and 11pm yesterday, a hospital source told Reuters today. She said two of the dead were children, aged seven and four.

Meanwhile, a government official has told AP that the death toll from this week's unrest has risen to 35, including 10 police officers.

10.39am: Here's more from Reuters on the protest outside a morgue in Suez where around 100 people have gathered because they say the bodies of 12 protesters killed yesterday are being held there:

A group of women sitting on a low wall near the morgue wailed and wept when a hospital truck brought another body.
Medical sources said late on Friday 13 protesters had been killed, but the actual number may well be higher.
About 100 protesters marched along the main road of Suez on Saturday chanting anti-government slogans but so far the demonstrations were nowhere near the scale of recent days.
"We don't want the cabinet to resign, we want Mubarak to resign," said Mohammed, an 18-year-old student, referring to the president sacking his cabinet.

http://www.guardian.co.uk/world/2011/ja ... og#block-6

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by **vanlose kid** » Sat Jan 29, 2011 9:08 am

The U.S. needs to break with Mubarak now
Saturday, January 29, 2011; 12:22 AM

ON FRIDAY, hundreds of thousands of Egyptians did something that the Obama administration, and many others in Washington, believed they would never do: They rose up against their government, demanding an end to President Hosni Mubarak's autocracy. They overwhelmed the security forces that Mr. Mubarak deployed in an attempt to crush them; they defied a nighttime curfew even after Army units were deployed. They burned the headquarters of the ruling party in Cairo and in several other cities. By nightfall, it seemed clear that only two events could end their revolution: a massive use of force by the Army or Mr. Mubarak's yielding of power.

The United States should be using all of its influence - including the more than $1 billion in aid it supplies annually to the Egyptian military - to ensure the latter outcome. Yet, as so often has happened during the Arab uprising of the past several weeks, the Obama administration on Friday appeared to be behind events. It called for an end to the violence against demonstrators and for a lifting of the regime's shutdown of the Internet and other communications. Encouragingly, the White House press secretary said that the administration "will review our assistance posture based on events that take place in the coming days."

But U.S. statements assumed that the 30-year-long rule of the 82-year-old Mr. Mubarak would continue. After speaking to Mr. Mubarak, President Obama said Friday night that he would continue to work with the Egyptian president; he did not mention elections. Instead, in an apparent attempt to straddle the two sides, the administration suggested that the solution to the crisis would come through "engagement" between the regime and the protesters.

"We're encouraging the government . . . to try to engage in a discussion as to what the legitimate claims being made are, if they are, and to try to work them out," Vice President Biden said in a Thursday night interview on PBS, adding that he would not call Mr. Mubarak a dictator and did not think he should step down.

This view is very likely to prove as unrealistic as the administration's previous conviction that Mr. Mubarak's regime was, as Secretary of State Hillary Rodham Clinton put it on Tuesday, "stable" and "responding to the legitimate needs and interests of the Egyptian people." In fact, it is far-fetched to suppose that the aging strongman - whom the vast majority of Egyptians regard as a dictator - will agree to a serious dialogue with his opponents, much less adopt reforms he has rejected for decades.

In an address on Egyptian television early Saturday, Mr. Mubarak sounded unyielding, warning of "chaos" and portraying the country's grievances as mainly economic. His only concession was the dismissal of his cabinet - a step that will not defuse the demands for his own departure.

It's dangerous to assume that the energized and enraged Egyptian populace will be induced to stand down by any promises Mr. Mubarak might make. To question, as Mr. Biden did, whether the protesters' demands are "legitimate" is particularly obtuse. In fact, the leaders of the uprising, including former U.N. nuclear official Mohamed ElBaradei, have set forward a moderate and democratic platform. They seek the lifting of a hated emergency law that outlaws even peaceful political assembly; the right to freely organize political parties; and changes to the constitution to allow free democratic elections. Their platform could transform Egypt, and the Middle East, for the better. But the precondition for change is Mr. Mubarak's departure from office.

Rather than calling on an intransigent ruler to implement "reforms," the administration should be attempting to prepare for the peaceful implementation of the opposition platform. It should be reaching out to Mr. ElBaradei - who Friday night was reported to be under house arrest - and other mainstream opposition leaders. And it should be telling the Egyptian army, with no qualification, that the violent suppression of the uprising will rupture its relationship with the United States.

http://www.washingtonpost.com/wp-dyn/co ... inionsbox1

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by **matrixdutch** » Sat Jan 29, 2011 9:34 am

by **vanlose kid** » Sat Jan 29, 2011 9:41 am

by **matrixdutch** » Sat Jan 29, 2011 9:43 am

Al Jazeera's Egypt coverage embarrasses U.S. cable news channels

by 23 » Sat Jan 29, 2011 11:44 am

From the same article above:

"The English-language version of the Arab network is making the failures of cheap American cable "news" obvious."

Indeed.

by **matrixdutch** » Sat Jan 29, 2011 11:48 am

http://english.aljazeera.net/news/asia- ... 40318.html

Egypt not trending in China

Beijing blocks searches for "Egypt" from microblogging site following protests there.

China has blocked the word "Egypt'' from the country's wildly popular Twitter-like service, while coverage of the political turmoil has been tightly restricted in state media.

China's ruling Communist Party is sensitive to any potential source of social unrest.

A search for "Egypt'' on the Sina microblogging service brings up a message saying, "According to relevant laws, regulations and policies, the search results are not shown".

The service has more than 50 million users.

News on the Egypt protests has been limited to a few paragraphs and photos buried inside major news websites, but China Central Television had a report on its midday broadcast.

China's foreign ministry did not respond to a request for comment Saturday on the events in Egypt.

Source:
Associated Press

Live: Al Jazeera coverage of Egypt’s growing revolution

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Re: Live: Al Jazeera coverage of Egypt’s growing revolution

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Re: Live: Al Jazeera coverage of Egypt’s growing revolution

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