Huge fires all over Port Said
Al Arabiya English ‏@AlArabiya_Eng
#BreakingNews: Dozens of #Egypt’s ‘Ultras Ahlawy’ group surround interior ministry following sentencing of 21 soccer fans. #PortSaid
Total chaos in Egypt- 3 buildings on fire in Cairo
Army called in
Al Arabiya English ‏@AlArabiya_Eng
#BreakingNews: #Egypt interior ministry declares state of emergency in #Sinai due to intelligence that jihadists might attack police
Up to date info on today’s chaos in Egypt
New fire, Police Officer’s Club in Cairo [...]
from Zero Hedge:
HOUSE SCRAPS PLAN TO VOTE ON BOEHNER’S TAX `PLAN B’ TONIGHT
U.S. HOUSE PLANS NO VOTES UNTIL AFTER CHRISTMAS, BURTON SAYS
BOEHNER SAYS `PLAN B’ TAX PLAN LACKED SUPPORT TO PASS
BOEHNER SAYS UP TO OBAMA TO WORK WITH REID ON BUDGET PLAN
Absolute total chaos. ES at lows of the days right now. Luckily, at least the debt ceiling is a firm deadline… Sometime in late March. Oh, and goodbye Boehner
Read More [...]
Today, the entire world is succumbing to varying states of seizure as national populations continue to digest the fatal effects of the global financial crisis in 2008.
Here in the US, which is one of the last nations on the list scheduled for an outbreak of widespread trauma, a growing number of people have begun questioning seriously the reliability of financial markets, paper currencies, politicians, and governments.
The vast majority of US [...]
Today acclaimed money manager Stephen Leeb told King World News that despite pullbacks, “Silver will blow right through $100 and continue higher.” Leeb also warned about coming inflation, “We’ve got to wake up or this could become total chaos.” Here is what Leeb had to say: “It’s going to be chaotic going forward. Look at what’s happened already. A major figure in the US was quoted last night as saying that 47% [...]
One for the “You can’t make this stuff up” folder.
From Art Cashin:
Ya Can’t Make This Stuff Up - An interesting example of the problems in Greece may be seen in one of its recent attempts to collect taxes.
Property taxes were notoriously unpaid. The government decided to combine those taxes with your electric bill. The concept was simple. Pay your property taxes or your lights will be shut off.
The proposal brought outrage [...]
Things are getting interesting. Despite earlier headlines that the €5.2 billion EFSF payment to Greece would be made as expected, money which would go to pay European banks and the ECB, it now seems there is more than meets the eye, and the Eurozone will in fact hold back €1 billion of the money until Monday in what is a major escalation in the relationship between the anarchy-controlled country and Europe.
EUROZONE HOLDS [...]
Yahoo’s board is deciding whether or not to fire CEO Scott Thompson after it was revealed that he has been lying on his resume for a couple years now about having a computer science degree.
We can’t speak for all Yahoos, but it is clear to us that some – at all levels of the company – are hoping the board will decide to shove Thompson out the door.
In fact, one Yahoo source actually just [...]
Following the all time record high February Budget Deficit Of $232 Billion, the US March budget deficit number is in, and in addition to being bigger than expected, coming at $198.2 billion on expectations of “only” $196 billion, the government outlay in the past month also is the largest March deficit on record. This brings the total deficit in fiscal 2012 to $779 billion, which is to be expected for a country gripped [...]
About a year ago, a rather outspoken Irishman told the world what he thinks about what then seemed like a groundbreaking event (and is now a daily occurence): the Irish bailout. A year later, the Financial News has caught up with the same gentleman, and we are delighted to share his latest somewhat politically incorrect thoughts on all aspects Wall Street, with our readers. The language in the video [...]
Tonight just got that Lehman Brothersy feel to it. After hours of delays, Boehner just experienced a supreme dose of humiliation after he announcing he would cancel tonight’s much delayed vote on his deficit plan after apparently being unable to get the requisite 218 votes to pass his plan though the Congress (forget that it would never pass Senate or the President). Boehner has [...]
Eyewitnesses have been giving their accounts of the chaos following the explosion by government buildings in the Norwegian capital Oslo.
“I see that some windows of the VG [a popular Norwegian tabloid newspaper] building and the government headquarters have been broken,” Ingunn Andersen, a journalist with Norwegian public radio NRK, said from the scene.
“Some people covered with blood are lying in the street. There [...]
Is this one of those “who could have possibly seen it coming” moments? As events in Libya overnight spiralled out of control, with dozens if not hundreds killed, the parliament buildng in Tripoli on fire, and output at one of the country’s oil fields reported to have been stopped by a workers’ strike, BP has said it will soon begin evacuating some of its personnel from the 9th largest [...]
While the biggest threat to the Middle East region is the possibility that the population of Saudi Arabia may try to imitate what has been happening in the area, thereby bringing total chaos to the established regional geopolitical and more importantly, energy, structure, the first protests in the Saudi Arabia city of Jeddah are already in the books. The clip below shows the peaceful [...]