Egypt News Today

January 29, 2011 by staff 

Egypt News Today, Obama is now facing one of the most delicate balancing acts in foreign policy – facing an allied nation in crisis in the Middle East no less.

As he watches the violent demonstrations in Egypt, Obama wants to restore democracy, and not be seen as supporting authoritarianism.

On the other hand, the President does not be regarded as helping to break a government – especially if his replacement is being anti-American, as happened in Iran in the 1970s.

“The United States will continue to defend the rights of the Egyptian people, and work with their government, seeking a more just, freer, and more hope,” Obama said Friday.

This being the Middle East, there is much at stake include peace treaty between Egypt and Israel, the U.S. efforts to combat t*rror*sm, the peace process in the Middle East, and the impact that high prices oil might have on the U.S. economy.

Riots in Egypt upset Wall Street, which began to worry about oil supplies moving through the Suez Canal and the stability of other Arab governments.
At the time of the sale is complete, the Dow Jones Industrial Average dropped 166.13 points to close at 11,823.70, the first decline in three digits of the year.

The selloff has been at least a short-term recovery of an upward rise that pushed the Dow above 12,000 level this week when both interday trading. Although she never closed more than 12,000, it reached its highest level since June 2008.

On Friday, the market has also considered the Government’s report on fourth quarter GDP to be positive. He showed the economy grew at an annual rate of 3.2 percent compared to a rate of 2.6 percent in the third quarter. Consumer spending grew at a rate of 4.4 percent per year, better than expected. The major impediment to the economy of public spending, which fell, and a slowdown in the growth rate of inventory accumulation.

Despite the economic news, Dickson said he would not be surprising to see the hide market in the coming days. “It can be seen extending down to 3 or 4 percent, which brings up a more normal if it happens,” he said. “What is happening in Egypt is one of those things where you just have to see what happens in other countries. ”

U.S. Senator John Kerry said Saturday that Egyptian President Hosni Mubarak to address the concerns of its citizens and the problems they have, like the demonstrations in this country have been observed at the World Economic Forum.

“I think we need to see how things develop today, and obviously the key here is for President Mubarak to meet the needs of its people in a way that is more directly related to their frustration, much more than apparently yesterday’s speech managed to do it, “the chairman of the Senate Foreign Relations Committee told the Associated Press on Saturday on the sidelines of the annual meeting of the Forum.

“I think he’s talking more to the real issues that people feel,” the Massachusetts Democrat said. “Rejecting the government does not talk about some of these challenges.”

Kerry’s comments came just minutes after the Egyptian state television said that the Prime Minister Ahmed Nazif has resigned Learn Mubarak.

Salil Shetty, head of Amnesty International, told AP that Mubarak’s decision to fire his Cabinet would not suppress anti-government protests that rocked the country for five days.

“The idea of changing your wardrobe is a bit of a joke. People are very clear that they want fundamental change, constitutional change,” he said.

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