Tag: Ben Bernanke

Reporting the Revolution: Day 15 Up Date: 1900hrs EST

This is a Live Blog and will be updated as the news is available. You can follow the latest reports from AL Jazeera English and Al-Masry Al-Youm: English Edition

class=”BrightcoveExperience”>The Guardian has a Live Blog from their reporters in Egypt that refreshes automatically every minute.

Al Jazeera has a Live Blog for Feb 8

As you can see we now have the live feed from Al Jazeera English.

It was a joyous day in the Tahrir Square with the news of the release of Google executive, Wael Ghoneim, Middle East marketing manager for Google, who was arrested on January 27 by police. Ghoneim oversaw the “Arabization” of Google’s on-line services and has participated in several projects aimed at supporting Arabic Internet content. His disappearance became a cause célèbre as Google and Human Rights organizations demanded that the Egyptian government disclose his location. Sunday the newly appointed Prime Minister, Ahmed Shafik, announced that Ghoneim would be released.

Life did start to return to some normalcy as banks and shops re-opened and once again the usual traffic jams clogged the streets. Tourism continues to suffer and tanks continue to guard government buildings, embassies and other important institutions in the capital.

On sadder note, a symbolic funeral procession was held for journalist, Ahmed Mahmoud, who was shot as he filmed the clashes between protesters and riot police from his Cairo office. The UN also reported that nearly 300 people have been killed since the unrest started on January 25th and thousands more injured.

The stand off between the Mubarak regime and the protesters demanding he leave office goes into its fifteenth day with mass demonstrations planned in Cairo.

Up Date: 1900hrs EST Bless these people. They are tenacious and will not stand down. They are not ready to make nice with the Mubarak regime.

11:31pm GMT

Here’s a brief video clip from al-Jazeera of the protesters now occupying the front of Egypt’s parliament building this evening.

Meanwhile, Tahrir Square appears to be covered in tents as a village springs up.

Protests swell at Tahrir Square

Tens of thousands pour into central Cairo seeking president Mubarak’s ouster, despite a slew of government concessions.

Thousands of pro-democracy demonstrators have poured into Cairo’s Tahrir (Liberation) Square as protests against Hosni Mubarak, the Egyptian president, entered their 15th day despite a slew of concessions announced by the government.

Tens of thousands of protesters have also come out on the streets in Alexandria, Egypt’s second largest city.

There were also reports of a protest outside the parliament building in the capital. Witnesses said protesters had pitched a tent in front of the building and are likely to stay there.

According to Hoda Abdel-Hamid, Al Jazeera’s correspondent in the Egyptian capital, the crowd at Tahrir Square grew rapidly on Tuesday afternoon, with many first-timers joining protesters seeking Mubarak’s immediate ouster.

Freed cyber activist lauds protests

Google executive Wael Ghonim speaks after release from Egyptian custody, sparking outpouring of support from protesters.

Egyptian anti-government protesters have welcomed the release of a Google executive who disappeared in Cairo last month after playing a key role in helping demonstrators organise.

Wael Ghonim was released on Monday by Egyptian authorities, sparking a fast and explosive response from supporters, bloggers and pro-democracy activists on the internet.

Ghonim’s release came nearly two weeks after he was reported missing on January 28 during protests against Egyptian president Hosni Mubarak.

“Freedom is a bless[ing] that deserves fighting for it,” Ghonim, Google’s head of marketing for the Middle East and North Africa, wrote in a message posted on his Twitter account shortly after his release.

Wael Ghonim anointed voice of the revolution by Tahrir Square faithful

Google executive behind protest-supporting Facebook page cheered by crowds in Cairo after being released by police

Egyptians renew appeal for Mubarak to resign now on biggest day of protest

Hundreds of thousands of protesters pack Tahrir Square in Cairo and reject concessions on transfer of power in September

10:45pm GMT

In the most disturbing development in days, during a private meeting today vice president Omar Suleiman warned of a coup “to protect Egypt” – the Associated Press has a piece reporting further details of Suleiman’s hostile comments:

   Vice President Omar Suleiman warned Tuesday that “we can’t put up with” continued protests in Tahrir for a long time, saying the crisis must be ended as soon as possible in a sharply worded sign of increasing regime impatience with 16 days of mass demonstrations.

   Suleiman said there will be “no ending of the regime” and no immediate departure for President Hosni Mubarak, according to the state news agency MENA, reporting on a meeting between the vice president and the heads of state and independent newspapers.

   He told them the regime wants dialogue to resolve protesters’ demands for democratic reform, adding in a veiled warning, “We don’t want to deal with Egyptian society with police tools.”

   At one point in the roundtable meeting, Suleiman warned that the alternative to dialogue “is that a coup happens, which would mean uncalculated and hasty steps, including lots of irrationalities. We don’t want to reach that point, to protect Egypt.”

   Pressed by the editors to explain the comment, he said he did not mean a military coup but that “a force that is unprepared for rule” could overturn state institutions, said Amr Khafagi, editor-in-chief of the privately-owned Shorouk daily, who attended the briefing. “He doesn’t mean it in the classical way.”

   “The presence of the protesters in Tahrir Square and some satellite stations insulting Egypt and belittling it makes citizens hesitant to go to work,” he said. We can’t put up with this for a long time, and this crisis must be ended as soon as possible.

   He warned that calls by some protesters for a campaign of civil disobedience are “very dangerous for society and we can’t put up with this at all.”

The comments sound like a worrying development after the calm of recent days. This may be Suleiman’s private face: no surrender. I bet he didn’t mention any of that in his phone chat with Joe Biden earlier today.

Syria to set Facebook status to unbanned in gesture to people

President Bashar al-Assad promises elections and press freedom after seeing groundswell of protest across Arab world

Sounds like someone is getting nervous.

France’s prime minister spent family Christmas break as guest of Mubarak

Admission from François Fillon comes as French ministers’ links with unpopular Middle East regimes come under scrutiny

Another Sarkozy lackie

US Economy Grinds To Halt… Again

Bernanke

Calling it “basically no more than five rectangular strips of paper,” Fed chairman Ben Bernanke illustrates how much “$200”

is actually worth.
Nation Realizes Money Just A Symbolic, Mutually Shared Illusion

WASHINGTON-The U.S. economy ceased to function this week after unexpected existential remarks by Federal Reserve chairman Ben Bernanke shocked Americans into realizing that money is, in fact, just a meaningless and intangible social construct.

What began as a routine report before the Senate Finance Committee Tuesday ended with Bernanke passionately disavowing the entire concept of currency, and negating in an instant the very foundation of the world’s largest economy.

“Though raising interest rates is unlikely at the moment, the Fed will of course act appropriately if we…if we…” said Bernanke, who then paused for a moment, looked down at his prepared statement, and shook his head in utter disbelief. “You know what? It doesn’t matter. None of this-this so-called ‘money’-really matters at all.”

“It’s just an illusion,” a wide-eyed Bernanke added as he removed bills from his wallet and slowly spread them out before him. “Just look at it: Meaningless pieces of paper with numbers printed on them. Worthless.”

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