Friday, January 28, 2011

Egypt, shit's going south fast.

Internet cut off, government building on fire, army in the streets. This from Businessline;

EGYPT LIVE BLOG: Government Buildings On Fire, President Mubarak Still Hasn't Spoken
Gregory White | Jan. 28, 2011, 9:22 AM | 5,486 | 31
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You have successfully emailed the post. inShare0 12:50 PM ET: The Egyptian government just extended the curfew to the entirety of Egypt, according to The Guardian.

12:45 PM ET: Al Jazeera just showed a hysterical split screen of Al Jazeera TV, and State TV, and what each is showing. Check it out here >

12: 30 PM ET: It has now been roughly two hours, and Egyptian President Hosni Mubarak has not adressed his people.

12:15 PM ET: Military troops have arrived in Alexandria. They have been welcomed to Alexandria by the public, according to Al Jazeera.

12:10 PM ET: U.S. Secretary of State Hillary Clinton just spoke. She is urged the Egyptian authorities to allow peaceful protests, and refrain from using violence. She is backing President Obama's previous statements on the need for reform in Egypt. "The Egyptian government needs to engage immediately with the Egyptian people in...reforms."

THE LATEST 12:06 PM ET: Protests continue on Cairo's streets well after the government's curfew. The headquarters of the National Democratic Party, the party of President Hosni Mubarak, is burning. The Radio and Television building is being bombarded with what Al Jazeera describes as "molotov cocktails."

President Mubarak, who was meant to speak more than an hour ago, still has not addressed his people.

The Army has been brought into the capital of Cairo in order to assist the police in quelling protests. Whether or not they are supporting the government still, or are starting to back the protesters is still in some doubt.

In the background, the NASDAQ is now down over 2.7%. More on why it might be a flash crash here >

11:58 AM ET: AL Jazeera reporting continued shooting, fires, use of tear gas. Police are "not very visibly present."

11:40 AM ET: Rumors again that President Hosni Mubarak's family has fled to London (CNN via Twitter). No confirmation of that yet.

11:34 AM ET: Large explosions, buildings burning, plumes of smoke in the air in Cairo. National Democratic Party building still in flames. No word on Mubarak's speech.





Read more: http://www.businessinsider.com/if-youve-just-tuned-in-heres-whats-happening-in-egypt-2011-1?utm_source=fanpage&utm_medium=social&utm_term&utm_content&utm_campaign=fanpage#ixzz1CM02OZ7U


Violence escalated on Thursday at protests outside the capital. In the flashpoint city of Suez, along the strategic Suez Canal, protesters torched a fire station and looted weapons that they then turned on police. The Interior Ministry said in a statement that more than 90 police officers were injured in those clashes. There were no immediate figures on the number of injured protesters.

In the northern Sinai area of Sheik Zuweid, several hundred Bedouins and police exchanged gunfire, killing a 17-year-old. About 300 protesters surrounded a police station from rooftops of nearby buildings and fired two rocket-propelled grenades at it, damaging the walls.

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