Egypt’s central bank will start foreign-exchange auctions tomorrow in order to preserve foreign reserves after they plunged to “minimum and critical” levels. The North African nation’s central bank said the sales and purchases of U.S. dollars will take place periodically and aim to “preserve foreign-currency reserves and ration their use,” according to an e-mailed statement today.
Comments: FAMINE. Egypt imports half of what they eat. Without foreign currency they will starve. So, look for the heads of Egypt to come to the US with a hand out.
Note: Before the Arab Spring - trade with Israel and tourism were Egypt´s two biggest sources of foreign currency.
President Obama’s relationship with congressional Democrats has worsened to an unprecedented low, Democratic aides say. (snip) Sources who attended a meeting of House chiefs of staff on Monday say the room was seething with anger over the immense damage being done to the Democratic Party and talk was of scrapping rollout events for the Affordable Care Act.
Despite the quiet here on this subject thus far at SiliconANGLE we have been keeping our eyes on what is possibly the biggest tech topic happening in the news right now. The issue at hand is the launch of ObamaCare online. It’s a hot topic that is philosophically dividing the country right now along political lines, along socio-economic lines, along just about every line there is to be divided over, many Thanksgivings could get cancelled over this (there’s also this big government shutdown) – it’s that contentious. Regardless of the variety of places to hear whatever facts and justification align
Washington - President Barack Obama says that if he owned the Washington Redskins, he would "think about changing" the team name, wading into the controversy over a football nickname that many people deem offensive to Native Americans. Obama, in an interview with The Associated Press, said team names like the Redskins offend "a sizable group of people." He said that while fans get attached to the nicknames, nostalgia may not be a good enough reason to keep them in place. "I don't know whether our attachment to a particular name should override the real legitimate concerns that people
Under the Rules of Suspension they were operating under (not sure why, but it’s what it was), a 2/3 vote was needed in the House to pass legislation funding various agencies. Democrats in the House voted against funding the Veterans Administration, the District of Columbia and National Parks, including the Holocaust Memorial Museum and Smithsonian.
If you thought that it was frightening enough that the federal government was spying on you and had access to your personal information, get ready: Planned Parenthood is about to obtain access to your Social Security number, tax form, bank account, and medical records. (snip) Any “navigator” will have access to the federal data hub, which holds information from the Department of Health and Human Services, the IRS, the Social Security Administration, the Department of Homeland Security (DHS), the Defense Department, the Office of Personnel Management, the Veterans Health Administration, and the Peace Corps.
Over the course of just two days, the Washington Post pounded its readers with 12 "birther" stories aimed at Texas Senator Ted Cruz. Headlines included, "Can Ted Cruz Run for President?", "Canadian Born Ted Cruz Releases Birth Certificate Amid Queries if He´s Eligible for Presidential Run," "Ted Cruz: I am Not a Canadian," and "No, Ted Cruz "Birthers" are Not the Same as Obama Birthers".Though there is no legal question as to Cruz´s eligibility to run for president (Cruz was born an American citizen), the Post has spent the last 48 hours bedeviling the Hispanic senator with articles obviously meant
Three more weapons from Fast and Furious have turned up at crime scenes in Mexico, CBS News has learned, as the toll from the controversial federal operation grows. According to Justice Department tracing documents obtained by CBS News, all three guns are WASR-10 762-caliber Romanian rifles. Two were purchased by Fast and Furious suspect Uriel Patino in May and July of 2010. Sean Steward, who was convicted on gun charges in July 2012, purchased a third. The rifles were traced yesterday to the Lone Wolf gun shop in Glendale, Ariz. During Fast and Furious and similar operations,
A veteran Washington adviser who has worked for four Presidents on both sides of the political aisle said that the stunning Government Accountability Report report that found President Barack Obama has not had a one-on-one meeting with Health and Human Services Secretary Kathleen Sebelius since the passage of Obamacare over three years ago is an indictment of the entire White House operation and shows that the Obama administration has bordered on "malfeasance." "I have no doubt the White House is right, that Secretary Sebelius was in several group meetings with the president about health care," Gergen caveated, "but the whole
President Barack Obama’s Facebook page on Saturday posted a message honoring the dead from Pearl Harbor—accompanied by a picture of Obama descending the stairs next to the Pearl Harbor Memorial. The picture barely fits the name of the Arizona Memorial so it can frame Obama in the foreground. The post´s statement reads: Today, with solemn pride and reverence, let us remember those who fought and died at Pearl Harbor, acknowledge everyone who carried their legacy forward, and reaffirm our commitment to upholding the ideals for which they served. President Obama The Obama Administration´s current shipbuilding plan shrinks the size of
Just how much do many Hollywood liberals hate conservatives? In an interview with Playboy, Ben Affleck said, "When I watch a guy [on film] I know is a big Republican, part of me thinks, I probably wouldn’t like this person if I met him": PLAYBOY: You developed a political profile campaigning for presidential candidates Al Gore, John Kerry and Barack Obama. How did that come about? AFFLECK: I grew up in a house with a mother who was a teacher and a Freedom Rider—very left-wing Democrats living in a heterogeneous working-class neighborhood. I picked up a lot of those values there, and I
On his way to the podium at the memorial ceremony for former South African president Nelson Mandela, President Obama walked down the line of dignitaries, greeting other leaders there to pay their respects. Among the hands shaken: that of Cuban leader Raul Castro. Obama neither made a special effort to shake Castro’s hand nor to avoid him. A snub might have been awkward: In his speech, Obama praised Mandela’s “greatest gift” as “his recognition that we are all bound together in ways that can be invisible to the eye; that there is a oneness to humanity; that we achieve ourselves by
MSNBC host Melissa Harris-Perry opened her program over the weekend with a commentary about the Affordable Care Act’s colloquial moniker: “Obamacare.” She said that the word was originally created as a “derogatory term,” designed by white men as a way to delegitimize President Barack Obama and his achievement. However, she said that the term will soon be synonymous with all of Obama’s accomplishments and she urged her audience to use the term with pride. “I want to talk today about a controversial word. It’s a word that has been with us for years, and like it or not, it’s indelibly
The Obama State Department has finally released a second round of photos revealing the harrowing devastation wrought by a terrorist attack on the U.S. Consulate in Benghazi on Sept. 11, 2012. The new photographs depict rampant damage to the consulate. They show charred walls, smoldering fires, Arabic graffiti defacing exterior walls, and scattered debris throughout. The extent of the damage would lead any reasonably serious person to conclude that this was a cold, calculated attack, carefully coordinated to mark the 11th anniversary of Sept. 11, 2001. Unfortunately for the American people, the Obama-Clinton-Rice cabal that led to the Benghazi cover-up was
Prime Minister Benjamin Netanyahu made a last minute decision not to participate in a memorial service for the late South African President Nelson Mandela, despite having notified the South African government that he would attend the event. The decision was made in light of the high transportation costs resulting from the short notice of the trip and the security required for the prime minister in Johannesburg. The Prime Minister’s Office found that the trip would have cost roughly 7 million shekels ($2.4 million) – 2.8 million shekels for chartering a private El Al plane and a further 3.2 million shekels for