Evening Edition

Evening Edition is an Open Thread

From Yahoo News Top Stories

1 Protesters reject Egypt ruling party reshuffle

by Samer al-Atrush, AFP

1 hr 12 mins ago

CAIRO (AFP) – Senior members of Egyptian President Hosni Mubarak’s ruling party resigned on Saturday, but demonstrators staging a 12th day of anti-regime protests rejected the shuffle as a cosmetic measure.

The resignations came after Mubarak huddled with his new government for the first time on, and an official said that the country’s stock exchange would remain closed indefinitely as the stand-off continues.

State television said the executive committee of the ruling National Democratic Party had resigned en masse. Among those stepping down was Mubarak’s son Gamal, once viewed as his heir apparent, state television reported.

2 Mubarak stays put on ‘departure day’

by Ali Khalil, AFP

Fri Feb 4, 7:51 pm ET

CAIRO (AFP) – The Egyptian opposition’s “day of departure” for Hosni Mubarak ended at midnight Friday with the embattled president refusing to transfer power amid a rising tide of international calls for him to stand down.

Mubarak defied huge protests in central Cairo and in Alexandria aimed at forcing his ouster as US President Barack Obama said talks have begun on a transition in Egypt and EU leaders said it was time for change.

Obama did not explicitly call on Mubarak to resign, but noted he had already made the psychological leap of saying he would step down after elections in September — and should now reconsider his position.

3 Mubarak meets cabinet as Egypt uprising rolls on

by Ali Khalil, AFP

Sat Feb 5, 2:42 pm ET

CAIRO (AFP) – Egyptian President Hosni Mubarak huddled with his new government for the first time on Saturday, and the executive committee of his ruling party quit en masse on day 12 of the protests against his regime.

The turmoil in Cairo loomed large over a meeting in Munich, Germany of the Middle East diplomatic Quartet, where US Secretary of State Hillary Clinton warned that the Middle East faced a bumpy road on the transition to democracy.

At the same time, Clinton praised the “restraint” shown by the Egyptian security forces during a mass demonstration on Friday, billed as the “day of departure” for Mubarak by protesters.

4 Saboteurs attack Egypt gas pipeline to Jordan

by Jailan Zayan, AFP

Sat Feb 5, 7:32 am ET

CAIRO (AFP) – Unknown saboteurs attacked an Egyptian pipeline supplying gas to Jordan, forcing authorities to switch off gas supply from a twin pipeline to Israel, an official told AFP.

The attackers used explosives against the pipeline in the town of Lihfen in northern Sinai, near the Gaza Strip, the official said. It was initially thought the pipeline to Israel was attacked.

“The pipeline to Jordan has been attacked and the supply to Israel has been cut off,” the official said.

5 Defiant Mubarak stays put amid calls to quit

by Ali Khalil, AFP

Sat Feb 5, 4:50 am ET

CAIRO (AFP) – Egypt’s defiant strongman Hosni Mubarak showed no sign of quitting Saturday, the 12th straight day of Cairo protests demanding he end his 30-year grip on power, as international calls grew for him to go.

State news agency MENA said the embattled leader held talks with members of his newly-appointed cabinet but gave no further details.

In Sinai, a gas pipeline supplying Israel was attacked, although it was not immediately clear who was responsible, or whether the attack was linked to the protests against Mubarak’s rule.

6 British PM calls multiculturalism a failure

AFP

2 hrs 18 mins ago

MUNICH, Germany (AFP) – British Prime Minister David Cameron condemned his country’s long-standing policy of multiculturalism as a failure Saturday, saying it was partly to blame for fostering Islamist extremism.

In a speech to the Munich Security Conference, Cameron said many young British Muslims were drawn to violent ideology because they found no strong collective identity in Britain.

Signalling a marked change in policy towards ethnic and religious minorities, he urged a “more active, muscular liberalism” where equal rights, the rule of law, freedom of speech and democracy were actively promoted.

So another Conservative racist.  Why am I not surprised?

7 Iraq PM pledges not to seek third term

by Sammy Ketz, AFP

2 hrs 53 mins ago

BAGHDAD (AFP) – Iraqi Prime Minister Nuri al-Maliki said on Saturday that Egyptians have the right to democracy and pledged not to seek a third term in power himself.

Maliki also backed constitutional term limits on his office in an interview with AFP, with his remarks coming amid nearly two weeks of protests in Egypt demanding an end to President Hosni Mubarak’s three decades of rule.

“The constitution does not prevent a third, fourth or fifth term, but I have personally decided not to seek another term after this one, a decision I made at the beginning of my first term,” said Maliki, who began his second term by forming a government in December.

8 Rebel leader vows year of ‘blood and tears’ in Russia

by Anna Smolchenko, AFP

Sat Feb 5, 2:08 pm ET

MOSCOW (AFP) – Russia’s leading Islamist rebel has vowed to make 2011 “a year of blood and tears” in a chilling video message released two weeks after a suicide bomber killed 36 people at a Moscow airport.

In the video released late Friday, Doku Umarov, the leader of a deadly insurgency against Russian control of the North Caucasus region, said rebel attacks in the country’s heartland are meant as a wake-up call for ordinary Russians, who should urge their leaders to withdraw from the region.

The video marked Umarov’s first known public statement since the late January attack — Moscow’s second suicide bombing with heavy casualties in less than a year.

9 French redeemed with Six Nations win over Scots

by Pirate Irwin, AFP

Sat Feb 5, 2:11 pm ET

PARIS (AFP) – Defending champions France won their opening Six Nations match in sparkling fashion at the Stade de France on Saturday defeating Scotland 34-21 on the 100th anniversary of their first ever win in the tournament.

The hosts, who had exited to jeers on their last appearance here in November’s 59-16 mauling by Australia, outscored the visitors by four tries to three for whom captain Alistair Kellock recorded his first at Test level.

Defeat, however, left the Scots winless in Paris since 1999.

10 Ireland shatters Italy’s Six Nations hopes

by Barnaby Chesterman, AFP

Sat Feb 5, 12:51 pm ET

ROME (AFP) – A Ronan O’Gara drop goal two minutes from time denied Italy a first ever Six Nations victory over Ireland as the 2009 Grand Slam winners sneaked away with a 13-11 victory at the Stadio Flaminio here on Saturday.

Italy looked to have snatched a famous victory five minutes from time as Luke McLean touched over to give the hosts a one-point lead with Ireland down to 14 men following Denis Leamy’s sin-binning.

However Ireland responded immediately, with substitute O’Gara kicking a late drop which broke Italian hearts and ended any premature celebrations.

11 Pakistan trio handed lengthy corruption bans

AFP

Sat Feb 5, 12:09 pm ET

DOHA (AFP) – Former Pakistan captain Salman Butt was banned for 10 years, and fast bowling pair Mohammad Asif for seven years and Mohammad Aamer for five years on Saturday after being found guilty of corruption.

The head of the International Cricket Council tribunal Michael Beloff announced the verdict after a lengthy nine-hour hearing in the Qatari capital.

“The Tribunal found that charges that (respectively) Asif agreed to bowl and did bowl a deliberate no ball in the Lord’s Test match played between Pakistan and England from 26 to 29 August 2010, Aamer agreed to bowl and did bowl two deliberate no balls in the same Test, and Butt was party to the bowling of those deliberate no balls, were proved,” said Beloff.

12 Hackers breach Nasdaq’s computers

By Jonathan Spicer, Reuters

2 hrs 2 mins ago

NEW YORK (Reuters) – The operator of the Nasdaq Stock Market said it found “suspicious files” on its U.S. computer servers and determined that hackers could have affected one of its Internet-based client applications.

There was no evidence the hackers accessed or acquired customer information or that any of parent company Nasdaq OMX Group Inc’s trading platforms were compromised, the transatlantic exchange operator said on Saturday.

The FBI and outside forensic firms helped conduct the investigation, though Nasdaq OMX did not say when it was launched or when the suspicious files were found. The files, found in a Web application called Directors Desk, have been removed, the company said.

13 Quartet urges Israel, Arabs to heed Egypt risk

By David Brunnstrom and Stephen Brown, Reuters

Sat Feb 5, 3:16 pm ET

MUNICH (Reuters) – Israel and the Palestinians should recognize the security risk posed by the turmoil in Egypt and urgently speed up peace efforts, the Quartet of Middle East peace brokers said on Saturday.

The United Nations, European Union, Russia and the United States said further delays in resuming Israeli-Palestinian talks would be “detrimental to prospects for regional peace and security.”

“The Quartet emphasized the need for the parties and others concerned to undertake urgently the efforts to expedite Israeli-Palestinian and comprehensive Arab-Israeli peace,” they said in a statement.

14 U.S. and Russia cap "reset" in ties with START treaty

By Andrew Quinn, Reuters

Sat Feb 5, 9:08 am ET

MUNICH (Reuters) – The United States and Russia formally inaugurated their new START nuclear arms treaty on Saturday, capping two years of work to “reset” the sometimes strained ties between the former Cold War enemies.

U.S. Secretary of State Hillary Clinton and Russian Foreign Minister Sergei Lavrov exchanged the final START documents at the Munich security conference, where two years ago U.S. Vice President Joe Biden launched the Obama administration’s push for better relations with Moscow.

“Two years ago we all laughed about the translation of the ceremonial ‘reset’ button I gave to the Foreign Minister,” Clinton said, referring to a diplomatic gaffe in which she presented Lavrov with an oversized button on which “reset” was mistranslated into the Russian for “overcharge.”

15 SEC warns budget threats give swindlers upper hand

By Sarah N. Lynch and Dave Clarke, Reuters

Fri Feb 4, 6:01 pm ET

WASHINGTON (Reuters) – Tighter budgets at the Securities and Exchange Commission could mean killing vital technology upgrades needed to catch swindlers, the agency’s chief said on Friday in a blunt appeal for more funding.

With Republicans in Congress threatening to restrain her budget, SEC Chairman Mary Schapiro said the agency faces severe challenges in doing its existing job and in taking on new duties mandated under 2010’s Dodd-Frank market reform law.

SEC enforcement head Robert Khuzami said budget constraints are hurting the agency, but nevertheless defended its record against critics who say too few Wall Street financiers have been held accountable for the 2007-2009 financial crisis.

16 Palin says Obama’s policies have U.S. on road to ruin

By John Whitesides, Reuters

Sat Feb 5, 1:46 am ET

SANTA BARBARA, California (Reuters) – Republican Sarah Palin said on Friday an explosion of government spending and debt under President Barack Obama and his fellow Democrats had put the United States on “the road to ruin.”

In a tribute to former President Ronald Reagan, the potential 2012 White House contender said leaders in Washington had lost sight of the values that made Reagan a Republican icon and a hero to conservatives — a belief in limited government, low taxes and personal freedoms.

“This is not the road to national greatness, it is the road to ruin,” Palin said of the growth in government spending, budget deficits, joblessness and housing foreclosures under Obama. “The federal government is spending too much, borrowing too much, growing and controlling too much,” she said.

17 "Flash crash" panel mulls big market changes

By Jonathan Spicer, Reuters

Fri Feb 4, 3:45 pm ET

NEW YORK (Reuters) – Experts trying to figure out how to avoid another “flash crash” are considering big changes to the U.S. stock marketplace, and one is recommending special rebates during times of stress and a crackdown on off-exchange “dark” trading.

Robert Engle, a Nobel Prize-winning finance professor at New York University, said in an interview that the regulator-appointed panel has not yet decided on its final recommendations, though he expects them to be made public at a February 18 meeting.

The focus, he said, should be that buyers all but vanished during the May 6 market plunge, abandoning investors when liquidity was most needed.

18 SEC eyes flash crash reforms

By Sarah N. Lynch, Reuters

Fri Feb 4, 11:25 am ET

WASHINGTON (Reuters) – Securities regulators are eyeing a spring target to unveil market structure reform proposals in the wake of the May 6 flash crash, Securities and Exchange Commission Chairman Mary Schapiro said.

Schapiro said on Friday the agency is looking at a variety of areas, from new market-making obligations for high-frequency traders to a new limit up/limit down trading parameters.

She also said the SEC is broadly looking into the rules surrounding securities offerings to see if the agency’s regulations may be out of date.

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