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  Tuesday, 1 Feb 2011 | 3:29 PM ET

Mubarak’s Pledge to Leave Next Year Might Inspire Coup

Posted By: John Carney
Egyptian President Hosni Mubarak
Getty Images
Egyptian President Hosni Mubarak

If President Hosni Mubarak says in a speech tonight that he will step down at the next election, as Al Arabiya TV is reporting, I doubt it will do much to satisfy the protesters. If anything, it will likely embolden them.

With at least one million people rallying across Egypt to call for Mubarak to give up power and leave the country, a promise to step down at some future point seems like a request for the mobs to stand down without accomplishing their goal.

What’s more, it is a request made out of weakness—and showing weakness at this stage will make the mobs believe they are closer to achieving their goals and less willing to compromise.

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  Tuesday, 1 Feb 2011 | 3:05 PM ET

Renting Is The New Owning

Posted By: John Carney
Home For Rent
Home For Rent
Home For Rent

My colleague Diana Olick has a great column up today about the end of the ownership society in American cities.

She notes that its not just inner-city, low-income types who are renting, renting is now much more acceptable to affluent young workers.

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  Tuesday, 1 Feb 2011 | 2:20 PM ET

Immigration Officer Fired After Putting Wife on List of Terrorists to Stop Her Flying Home

Posted By: John Carney
Noel Hendrickson | Getty Images

Here's one way to handle things when your marriage goes bad:

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  Tuesday, 1 Feb 2011 | 1:43 PM ET

Rimm Analyst: Blackberry's Playbook Is "Dead on Arrival"

Posted By: Lori Ann LaRocco

Clients of Wedge Partners (an independent equity analysis firm that focuses on the technology and media industries) received a scathing note this morning on RIM from firm principal Brian Blair.

After the analyst reviewed the company's tablet, the RIMM PlayBook, he announced that the playbook will be poor received by the market." I caught up with Blair after the note was released.

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  Tuesday, 1 Feb 2011 | 12:35 PM ET

Wall Street Warned About a New Kind of Jihad

Posted By: John Carney
Source: info.publicintelligence.net

Wall Street firms received briefings from US security officials about a potential threat after the publication of the most recent issue of Inspire Magazine ran a cover story advocating jihadists target banks and other institutional wealth centers.

The briefings took place in January, according to NBC news. The fourth issue of Inspire was published on January 16 or so.

Jim Margolin, a spokesman for the FBI, seems to be trying to quell fears that might arise from news of the briefing.

"In post-9/11 world we routinely give security briefings to security personnel in various parts of the private sector. This was in the course of a periodic update in the evolving threat stream," Jim Margolin, spokesman for the Federal Bureau of Investigation in New York, told Reuters "I would stress that it's our belief that the information that was discussed was not imminent, not specific.”

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  Tuesday, 1 Feb 2011 | 12:11 PM ET

Fleeing Cairo—Cash & Carry

Posted By: Ash Bennington
Egyptian demonstrators hold up placards during a protest in central Cairo to demand the ouster of President Hosni Mubarak and calling for reforms.
Mohammed Abed | APF | Getty Images
Egyptian demonstrators hold up placards during a protest in central Cairo to demand the ouster of President Hosni Mubarak and calling for reforms.

Nineteen private jets carrying Egyptian businessmen and their families departed from Cairo yesterday, according to news reports .

Which got me thinking: What would a rich businessman—fleeing a corrupt nation as an autocratic regime fell—want to take on his private plane with him?

Well, let's see. He'd want to take his iPod, family pictures, his dog Fluffy—and all the filthy money he could get his hands on.

And so the question arises: What exactly are the mechanics of expatriating a huge amount of wealth from one's native land before beginning a new life abroad?

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  Tuesday, 1 Feb 2011 | 10:56 AM ET

Our Stubborn Constitution Versus Obamacare

Posted By: John Carney
Jill Fromer | Photodisc | Getty Images

The reaction to last night’s decision by a federal district court in Florida striking down the Obamacare legislation reveals something surprising: liberals revere the Constitution more than conservatives.

It is often said that conservatives revere the Constitution as if it were a holy writ, infallible and nearly divinely inspired. Conservative rhetoric often supports this interpretation: my old professor Harvey Mansfield used to advocate thinking of the founding fathers as demi-gods.

In reality, however, it’s not the conservatives who revere the Constitutiion—it’s the liberals. They assign it an almost omniscient and omnipotent power: it is always on the side of the right policy. It never goes wrong. When conservatives insist that some policy crafted by liberals is unconstitutional, liberals almost invariably react by saying that conservatives are misreading the Constitution.

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  Tuesday, 1 Feb 2011 | 10:30 AM ET

Expecting The Unexpected When It Comes to Egypt

Posted By: Lori Ann LaRocco

Investors panicking the Egyptian chaos could paralyze the Suez Canal sent oil to 2008 highs Monday. Right now the canal remains open but for how long? Worries over the security of the canal are mounting as the unrest continues.

About 10 percent of the 35,000 plus ships that crossed the Suez in 2009, were oil tankers. With so much uncertainty, what are CEOs in the shipping industry bracing for and how should investors navigate through the rough waters? I sat down with Matt McCleery, President of Marine Money International which provides maritime finance transactional information and maritime company analysis.

McCleery is also managing director of Blue Sea Capital Corp, the financial advisory and consulting arm of Marine Money International and is a non-Executive director of the product tanker and dry cargo companies Omega Navigation and FreeSeas .

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  Tuesday, 1 Feb 2011 | 9:41 AM ET

Protests Affect Egypt's Sovereign Debt Raise Plans

Posted By: Ash Bennington
  Tuesday, 1 Feb 2011 | 9:14 AM ET

Waking up With Nicole Lapin

Posted By: Nicole Lapin

It's snowing and gross, but buck up Chuck \(or whatever your name is\)—I'm back and I know you've missed me. Here's what else you've missed while you were dreaming about your chance to snag a Trenta today:

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