Protests and violence in the world's biggest wheat importing nation are getting the market's attention, but how developments in Egypt will affect trade and prices is an open question.
Sara the report says they were issued dollars that in it"s self is a very importent factor the other is their main entry way is not the suez canal another is the goverment is still intact and they have to eat if not all he6L will come loose-------------------------dave
You're right about the point that they need to feed their people. If you really want to see things go downhill, they will withhold food. I don't believe their military will let that happen and they will find a way to get food into their people.
A failed assassination attempt on Egypt's vice president in recent days left two of his bodyguards dead, sources tell Fox News.
Such an attempt on the life of Omar Suleiman would mark an alarming turn in the uprising against the government of President Hosni Mubarak, who only recently named Suleiman as vice president in an effort to quell the unrest and possibly line up a successor.
A senior Obama administration official confirmed that the attack happened soon after Suleiman was appointed, on Jan. 29. The official described it as an organized attack on Suleiman's motorcade.
Mubarak, facing intense pressure to resign, announced earlier this week that he would end his nearly 30-year rule but only after a elections in September. That did little to appease protesters, who have called for his immediate ouster.
The vice president post was empty when Mubarak tapped Suleiman for the job after the protests began. Suleiman would stand to take over as interim leader of Egypt in some of the proposals reportedly being considered for an expedited political transition.
Fox News' senior administration source expressed surprise that news of the assassination attempt was just now breaking, "because he is the transition plan ... or at least one of them for the Egyptians."
But Suleiman also comes with an image problem of his own after serving as head of Mubarak's intelligence forces.
As spy chief, he was known for his strong-arm tactics and was seen as one of the region's most feared and revered intelligence chiefs.
------------------------------------Not exactly the most stable wheat customer.....Glowplug
He stood by us through the final Reagan decade of the Cold War. At George H.W. Bush's request, he sent his soldiers to fight alongside ours against fellow Arabs in Desert Storm. He stayed faithful to a peace with Israel his people detested. He cooperated with George Bush II in some of the nastier business of the War on Terror.
A dictator, yes, but also our man in the Arab world. Yet a few hundred thousand demonstrators in Cairo's streets caused obamunist to abandon him.
obamunist sent a big message when he failed to back the revolt against Iran's mullahs. Iran's regular folk rightly hate us for allowing "Imanutjob" to remain in power. Only a matter of time before Iran has nukes.
"In this world, it is often dangerous to be an enemy of the United States, but to be a friend is fatal" - Henry Kissinger
We should have backed the Shah. And even if Mubarak ain't perfect, he is better than losing yet another friendly country to radical Islime........
It's no coincidence that Al Baradei showed up in Cairo only two days after the uprising began and was immediately named a negotiator by the Muslim Brotherhood. In fact, he had been waiting in the wings for quite a while.
He's on the board of an organization headed by George Soros and Zbigniew Brzezinski called International Crisis Group. Brzezinski is the same man who supervised the fall of the Shah of Iran in 1979.
Another board member of the ICC is one Javier Solana. Solana is one of the most powerful figures in the European Union. Because of Solana's Marxist sympathies, and his support for the regime of Cuba's Fidel Castro, Solana was on the USA's subversive list.
Former U.S. National Security Advisor, Sandy Berger, who once smuggled incriminating documents out of the Clinton White House by hiding them in his clothing, is another Board Member, as is General Wesley Clark, once fired from his NATO command.
Mohamed El Baradei also sits on the ICC's Board and thus, seeing the hand of George Soros along with the other players who for so long have plotted against the West and Israel, the Islamists are joined together."
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