Click here to view this media From MSNBC: President Hosni Mubarak addressed an expectant Egypt on Thursday, saying that he had delegated his powers to the vice president and saying those who died during Egypt’s unrest did not die in vain. Saying he was addressing Egypt’s youth and people in Tahrir Square and the nation, he said he believed in the honesty of the demands of the protesters and their intentions. “I am addressing from the heart,” he said. “The blood of the martyrs and injured will not go in vain … My heart aches for your heartache.” Earlier, two sources told NBC News that Mubarak was expected to step down, losing his 30-year grip on power after 17 days of dramatic mass uprisings across the nation. That clearly did NOT happen. We’ll have the video up ASAP. UPDATE: The crowd at Tahrir is clearly angry and dismayed: The speech was immediately derided by protesters in Cairo’s Tahrir Square. Watching on a giant TV, protesters booed and waved their shoes over their heads at his image in a sign of contempt. “Go, go, go! We are not leaving until he leaves,” they chanted. One man screamed, “He doesn’t want to say it, he doesn’t want to say it.” UPDATE II: More on the crowd from CNN : Thousands of people waved Egyptian flags and roared, “Get out! Get out!” in Cairo’s Tahrir Square late Thursday as it became clear during Hosni Mubarak’s address that the longtime president was not stepping down as reported. “I don’t know if he has a brain or if his brain is elsewhere,” one protester in the square said, expressing frustration that Mubarak appeared to be saying that he enjoyed support from most Egyptians. Watching Mubarak’s Thursday-night address on what appeared to be a sheet hoisted over their heads in the square, the crowd became angry as the president made promises to amend the constitution. They broke into cries of, “Illegitimate!” and “Mubarak the coward must stand down” upon learning that Mubarak was transferring some authority to his vice president rather than resigning. After the speech, a group of demonstrators began walking down a road that led to the state television offices, though their ultimate destination wasn’t immediately clear. The state-run media outlets have been seen as a mouthpiece for the Mubarak administration. Other protesters threatened to march to the presidential palace, which would surely ratchet up the tension in the capital. The palace is not near the square and is dotted with military checkpoints.
Continue reading …President Hosni Mubarak provoked rage on Egypt’s streets when he said he would hand powers to his deputy but disappointed protesters who had been expecting him to step down altogether after two weeks of unrest. “Leave! Leave!” chanted thousands who had gathered in Cairo’s Tahrir Square in anticipation that a televised speech would be the moment their demands for an end to Mubarak’s 30 years of authoritarian, one-man rule were met. Instead, the 82-year-old former general portrayed himself as a patriot overseeing an orderly transition until elections in September. He praised the young people who have stunned the Arab world with unprecedented demonstrations, offering constitutional change and a bigger role for Omar Suleiman, the vice president.
Continue reading …Civility was in short supply yesterday on “The Dylan Ratigan Show,” as the MSNBC anchor after which the show is named used words and phrases such as “moronic” and “dog's ass” to demagogue the GOP's proposal to trim the federal budget. “How can you be serious about cutting spending when your spending proposals are truly a flea on a dog's ass?” howled Ratigan, who went on to demonize Republicans as “nasty” frauds who want to “get rid of all the food for poor people.” Ratigan's spurious logic that cutting federal subsidies for food stamps is akin to letting poor people to starve to death on the streets is reminiscent of Alan Grayon's mischaracterization of the GOP health care plan, which the former Florida congressman said was to “die quickly.” [Video embedded after the page break.] Toward the end of his bombastic tirade, Ratigan insulted House Republicans for proposing “moronically small” cuts that, by “depriving poor people of food,” should be dismissed as “sensationally devastating.” While the $32 billion list of proposed spending cuts does not address entitlement reform, the recently elected Republican majority cannot be expected to undo years of fiscal malpractice in a matter of weeks. Ratigan also accused Republicans of not taking serious steps to “reform the tax code,” even though the House Ways and Means Committee, led by Chairman Dave Camp (R-Mich.), started holding hearings on tax reform in late January. “We're going to do tax reform and it's going to ruffle some feathers,” Camp told The Hill , a congressional newspaper. When Ratigan directed his wrath toward Doug Heye, a Republican strategist, his guest rejected the premise of his vacuous argument: “I think your questions are insulting and I don't take them seriously.” Heye, the former communications director for the Republican National Committee, added, “I've heard you talk about an era of new civility and now you're calling people morons.” After being interrupted repeatedly, Heye implored the unhinged Ratigan to “talk about positive issues.” To his credit, although perhaps too little too late, Ratigan confessed, “I get a little worked up, I apologize.” A transcript of the relevant portions of the segment can be found below: MSNBC Dylan Ratigan February 9, 2011 4:27 p.m. EST How can you be serious about cutting spending when your spending proposals are truly a flea on a dog's ass? These people come out with a few billion here and a few billion there. We'll just get rid of all the food for poor people. We'll just obliterate any subsidies for heating oil for the most desperately poor. But we'll continue to account for nearly half of the 1.5 trillion that's spent globally on defense. We won't in any shape, way, or form address that. We will not reform the tax code or investment policies in this country to drive investment in our country, which, by the way, would help people get rich and create jobs because we wouldn't want to alienate those who are using us to extract money from this country. There was a great tweet. We were going to the break and I said are the Republicans serious or are the Republicans nasty? And @NONOTAGAIN on Twitter said, “They're both serious and nasty. If only the Democrats were any better.” That seems to be our problem, doesn't it? Well today House Republicans, friend of I don't know who, released a partial list of what they plan to cut in government spending. Not that we don't spend a lot – Medicare, Social Security, massive defense budget – not surprisingly, they're targeting none of that and instead are targeting peanuts that are central to the Obama political agenda. Why deal with the military industrial complex, or massive loopholes and bleed in the banking or tax code, when you can cut the EPA, high speed rail, renewable energy, and the IRS, which has to help enforce the health care law? And in the process, the other cuts take aim at the most vulnerable in our society, like WIC, which provides food for low-income mothers and children. That will save your budget problems! The full set of Republican cuts will save about $32 billion this year. I cannot emphasize how moronically small that number is and how sensationally devastating depriving poor people of food is, while you continue to subsidize multi-trillion-dollar tax, trade, banking, and health care scams. It is stunning. Almost as stunning as the Democrats's refusal to deal with the same problems. I get a little worked up, I apologize. –Alex Fitzsimmons is a News Analysis intern at the Media Research Center. Click here to follow him on Twitter.
Continue reading …There is no room for compromise. Either the entire Mubarak edifice falls, or the uprising is betrayed One cannot but note the “miraculous” nature of the events in Egypt : something has happened that few predicted, violating the experts’ opinions, as if the uprising was not simply the result of social causes but the intervention of a mysterious agency that we can call, in a Platonic way, the eternal idea of freedom, justice and dignity. The uprising was universal: it was immediately possible for all of us around the world to identify with it, to recognise what it was about, without any need for cultural analysis of the features of Egyptian society. In contrast to Iran’s Khomeini revolution (where leftists had to smuggle their message into the predominantly Islamist frame), here the frame is clearly that of a universal secular call for freedom and justice, so that the Muslim Brotherhood had to adopt the language of secular demands . The most sublime moment occurred when Muslims and Coptic Christians engaged in common prayer on Cairo’s Tahrir Square, chanting “We are one!” – providing the best answer to the sectarian religious violence. Those neocons who criticise multiculturalism on behalf of the universal values of freedom and democracy are now confronting their moment of truth: you want universal freedom and democracy? This is what people demand in Egypt, so why are the neocons uneasy? Is it because the protesters in Egypt mention freedom and dignity in the same breath as social and economic justice? From the start, the violence of the protesters has been purely symbolic, an act of radical and collective civil disobedience. They suspended the authority of the state – it was not just an inner liberation, but a social act of breaking chains of servitude. The physical violence was done by the hired Mubarak thugs entering Tahrir Square on horses and camels and beating people; the most protesters did was defend themselves. Although combative, the message of the protesters has not been one of killing. The demand was for Mubarak to go, and thus open up the space for freedom in Egypt, a freedom from which no one is excluded – the protesters’ call to the army, and even the hated police, was not “Death to you!”, but “We are brothers! Join us!”. This feature clearly distinguishes an emancipatory demonstration from a rightwing populist one: although the right’s mobilisation proclaims the organic unity of the people, it is a unity sustained by a call to annihilate the designated enemy (Jews, traitors). So where are we now? When an authoritarian regime approaches the final crisis, its dissolution tends to follow two steps. Before its actual collapse, a rupture takes place: all of a sudden people know that the game is over, they are simply no longer afraid. It is not only that the regime loses its legitimacy; its exercise of power itself is perceived as an impotent panic reaction. We all know the classic scene from cartoons: the cat reaches a precipice but goes on walking, ignoring the fact that there is no ground under its feet; it starts to fall only when it looks down and notices the abyss. When it loses its authority, the regime is like a cat above the precipice: in order to fall, it only has to be reminded to look down … In Shah of Shahs, a classic account of the Khomeini revolution, Ryszard Kapuscinski located the precise moment of this rupture: at a Tehran crossroads, a single demonstrator refused to budge when a policeman shouted at him to move, and the embarrassed policeman withdrew; within hours, all Tehran knew about this incident, and although street fights went on for weeks, everyone somehow knew the game was over. Is something similar going on in Egypt? For a couple of days at the beginning, it looked like Mubarak was already in the situation of the proverbial cat. Then we saw a well-planned operation to kidnap the revolution. The obscenity of this was breathtaking: the new vice-president, Omar Suleiman, a former secret police chief responsible for mass tortures, presented himself as the “human face” of the regime, the person to oversee the transition to democracy. Egypt’s struggle of endurance is not a conflict of visions, it is the conflict between a vision of freedom and a blind clinging to power that uses all means possible – terror, lack of food, simple tiredness, bribery with raised salaries – to squash the will to freedom. When President Obama welcomed the uprising as a legitimate expression of opinion that needs to be acknowledged by the government, the confusion was total: the crowds in Cairo and Alexandria did not want their demands to be acknowledged by the government, they denied the very legitimacy of the government. They didn’t want the Mubarak regime as a partner in a dialogue, they wanted Mubarak to go. They didn’t simply want a new government that would listen to their opinion, they wanted to reshape the entire state. They don’t have an opinion, they are the truth of the situation in Egypt. Mubarak understands this much better than Obama: there is no room for compromise here, as there was none when the Communist regimes were challenged in the late 1980s. Either the entire Mubarak power edifice falls down, or the uprising is co-opted and betrayed. And what about the fear that, after the fall of Mubarak, the new government will be hostile towards Israel? If the new government is genuinely the expression of a people that proudly enjoys its freedom, then there is nothing to fear: antisemitism can only grow in conditions of despair and oppression. (A CNN report from an Egyptian province showed how the government is spreading rumours there that the organisers of the protests and foreign journalists were sent by the Jews to weaken Egypt – so much for Mubarak as a friend of the Jews.) One of the cruellest ironies of the current situation is the west’s concern that the transition should proceed in a “lawful” way – as if Egypt had the rule of law until now. Are we already forgetting that, for many long years, Egypt was in a permanent state of emergency ? Mubarak suspended the rule of law, keeping the entire country in a state of political immobility, stifling genuine political life. It makes sense that so many people on the streets of Cairo claim that they now feel alive for the first time in their lives. Whatever happens next, what is crucial is that this sense of “feeling alive” is not buried by cynical realpolitik. Egypt Protest Middle East Hosni Mubarak Slavoj Žižek guardian.co.uk
Continue reading …I was watching the TODAY Show Wednesday and they had another segment on their breaking news on JP Morgan Chase fleecing homes from active members of the Armed Forces. The segment featured a soldier who is fighting in Iraq and at the same time was arguing with JPMC and getting the runaround. And still she lost her house. Now they say they’ll take care of it. It’s sickening and against the law. This above video was the initial report that got the ball rolling and exposed these cowards. NBC News: JP Morgan & Chase Co.’s admission that it overcharged thousands of American servicemen has triggered investigations by a congressional committee and a federal prosecutor. As first reported last week by NBC News, the bank admits mistakenly overcharging 4,000 military families for their mortgages, and improperly foreclosing on 14 of them. The actions — which the bank says it deeply regrets — appear to violate the Servicemembers Civil Relief Act, a law designed to protect military families from added financial stress while troops are in harm’s way. Rep. Jeff Miller, R-Fla., chairman of the House Committee on Veterans Affairs, says his committee has begun an investigation. “ The Servicemembers Civil Relief Act has been in place for decades and I cannot believe that one of the nation’s largest financial institutions appears to be disregarding the protections offered by that law,” he said. “If the allegations are true, this amounts to widespread abuse of our nation’s heroes and their families.” A hearing is planned in early February. Legal sources tell NBC News that the U.S. attorney for South Carolina, William N. Nettles, also has begun looking into the matter.,, read on Here’s a little more from KPBS: The Stars and Stripes reports that Chase flouted the Servicemembers Civil Relief Act, a law that prohibits banks from charging more than 6% mortgage interest when troops are on active duty. The SCRA also makes it a no-no to foreclose on service members while they’re on active duty. Only, Chase ignored this pesky fact, and ended up foreclosing on 14 families. To make it up to everybody: JPMorgan Chase & Co. is repaying more than $2 million to about 4,000 military families who were overcharged for their mortgages. JPMorgan Chase said those 14 properties have been or will be returned to the owners.
Continue reading …Bailouts a thing of the past, huh? More presents for AIG! Via Yves at Naked Capitalism: First from Bloomberg, “ AIG Has $4.1 Billion Charge on Insufficient Reserves “: American International Group Inc. said higher-than-forecast claims costs cut fourth-quarter profit by $4.1 billion, and $2 billion previously designated to repay its bailout will be used to bolster the property-casualty unit. The insurer reached an agreement with the U.S. Treasury Department permitting the company to keep $2 billion of proceeds from the sale of Star Life Insurance Co. and Edison Life Insurance Co., New York-based AIG said today in a statement. Funds will be used by Chartis for losses tied to coverage including workers’ compensation and asbestos liability. The troubling part is “keep”. Unless the Treasury got some form of consideration back from AIG, this sure looks like a gift. We see similar ambiguous language at the Journal : American International Group Inc. said it will book a $4.1 billion charge when it reports results for the fourth quarter, as it adds to reserves at its Chartis property and casualty insurance unit…. AIG also said Wednesday that it signed a letter of agreement with the U.S. Treasury to retain $2 billion of the proceeds from the sale of AIG Star Life Insurance Co. and AIG Edison Life Insurance Co. to support Chartis’ capital. Now with AIG, a mere two billion must look like mere rounding error, but again, pray tell exactly how this reversal of the TARP payback is being accounted for? We’ve had so much sleight of hand with AIG that nothing would surprise me. And with the Congressional Oversight Panel about to go out of business, any pushback is almost certain to be limited .
Continue reading …NBC's Meredith Vieira, on Thursday's Today show, challenged former Minnesota Republican Governor and potential presidential candidate Tim Pawlenty for daring to call Barack Obama a fiscal “chicken” as she (citing his Democratic successor Mark Dayton) accused him of not being a fiscal conservative. After Vieira initially questioned if Pawlenty had the requisite “star quality” to run for President, she then threw the words of the current Democratic
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