William Katz:  Urgent Agenda

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EGYPT TODAY – AT 10:04 A.M. ET:  Demonstrations continue in Egypt today.  At this hour, though, they are more peaceful than they were yesterday.  There has been some violence reported at the Interior Ministry in Cairo and in different parts of Alexandria.

The Egyptian Cabinet has resigned, but Hosni Mubarak, the object of the protesters, has not. 

A number of commentators are cautioning that regimes can ride out these protests, as the Iranian regime did in the face of similar opposition. 

The United States is giving some verbal support to the demonstrators, but it is guarded.  Washington is well aware that the next Egyptian government, even one installed through "popular" protests, can be worse than the one in power.

It is interesting that, after "experts" and Obaman officials tried, during the first 18 months or so of this administration, to sell us the line that discontent in the Mideast is based mostly on the Israel-Palestinian conflict, that dispute hasn't even been mentioned. 

Protests also continue in Jordan, but they are getting very little media coverage.

We are watching this and will report any actual developments of significance.  Be aware that the 24-hour news cycle means there'll be a lot of chatter on TV, much of it more padding than wisdom.  The situation in Egypt is unresolved.

January 29, 2011