It is apparently official now that Mubarak has resigned as president.

http://www.cbc.ca/world/story/2011/02/11/egypt-mubarak-future.html

No thoughts from me right now.

Excellent news for the German and Swiss economies.

Now we wait and see who comes to power.

Wow I am surprised after all the tough talk yesterday. From what I heard on the news the VP is exactly like Mubarak so if he takes over nothing will change.

Now we wait and see who comes to power.

Terrorists and Jihadists.

Egypt had a monarchy until 1952 when it was overthrown by Colonel Nasser. Then came Sadat, also military, then Mubarak, also military. Now apparently, the military is - still - in charge. Maybe this whole thing was orchestrated by the military because they didn't want Mubarak's son (non military) to come to power in September.

It is possible this will settle down and fundamentally, nothing is changed. If a power sharing arrangement with the Muslim Brotherhood results, I fear we'll have another unstable Islamic state like Pakistan.

Here's some wisdom from Edmund Burke that I saw David Frum post at his website.

'When I see the spirit of liberty in action, I see a strong principle at work; and this, for a while, is all I can possibly know of it. The wild gas, the fixed air, is plainly broke loose; but we ought to suspend our judgment until the first effervescence is a little subsided, till the liquor is cleared, and until we see something deeper than the agitation of a troubled and frothy surface. I must be tolerably sure, before I venture publicly to congratulate men upon a blessing, that they have really received one. Flattery corrupts both the receiver and the giver, and adulation is not of more service to the people than to kings. I should, therefore, suspend my congratulations on the new liberty of France until I was informed how it had been combined with government, with public force, with the discipline and obedience of armies, with the collection of an effective and well-distributed revenue, with morality and religion, with the solidity of property, with peace and order, with civil and social manners. All these (in their way) are good things, too, and without them liberty is not a benefit whilst it lasts, and is not likely to continue long. The effect of liberty to individuals is that they may do what they please; we ought to see what it will please them to do, before we risk congratulations which may be soon turned into complaints. Prudence would dictate this in the case of separate, insulated, private men, but liberty, when men act in bodies, is power. Considerate people, before they declare themselves, will observe the use which is made of power and particularly of so trying a thing as new power in new persons of whose principles, tempers, and dispositions they have little or no experience, and in situations where those who appear the most stirring in the scene may possibly not be the real movers.' Edmund Burke