Protests continue in Egypt today as president Mubarak is still refusing to step down. Mubarak did however, in addressing the situation, fire his cabinet and nominate one of his top security agents for vice president. Egyptian troops have replaced the police in the streets in all but one sector wherein they are guarding the Interior Ministry in downtown Cairo where several people were shot when the crowd tried to advance. It is reported that 68 people have been killed and 2000 wounded to date.
When the riots first began it was believed that they would have little or no impact on the U.S. economy. However this scenario seems to have changed dramatically as it is now being reported that we will be seeing price increases literally across the board. The crisis is also now being blamed for the sudden drop in the U.S. stock market on Friday.
Continue reading “Egypt for Egyptians, America for Americans”















