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Apr
29
2012

  • Observers say it is the worst diplomatic falling-out between the two regional powers since Saudi Arabia severed ties after Egypt signed a peace deal with Israel in 1979.
Apr
19
2012

  • Bernie Ecclestone, 81, the formula one supremo, speaking at the Chinese Grand Prix in Shanghai, said of Bahrain: ''I know people who live there and it's all very quiet and peaceful.''
  • Pictures emerged of Ecclestone's image being burned in Bahrain posted on a Facebook page called ''Pearl Family Circle - Martyrs' Square''.
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  • We have to find a way to convince the Egyptian people that they have been indulged in subsidies against their own interest and for the benefit of the rich. This is difficult, as many people don't fully understand the negative effects the subsidies have on the economy.
  • Over the past five or ten years, the public sector experienced a highly corrupt change in ownership. Businesses have been demolished, destroyed, sold at a loss to Mubarak's gangs. When you steal from the poor who are already poor, the effect is disastrous. As an economist, I think that the whole international financial system is a farce at the moment. I predict that the next international revolution will be against the banking institutions. This has already begun with the Occupy Wall Street movement, and the attacks on the private houses of bank managers is a new phenomenon which should not be ignored. You can't have justice in a human society without economic justice.
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