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February 11, 2011
MUBARAK OUT -- $70 BILLION STASH
Arshad M Khan
President Mubarak has resigned. His powers have been assigned to the
Supreme Council of the Armed Forces who will maintain order and run the
country until a permanent government is established.
Mr. Mubarak and his family have already left Cairo, and are thought to have
arrived in the Red Sea resort of Sharm el Sheikh close to Saudi Arabia,
Jordan and Israel.
Sources estimate Mr. Mubarak's fortune at $70 billion -- millions of Egyptians
(up to 20%) live on less than $2 per day.
During the present demonstrations three hundred people have been killed
according to estimates by human rights groups.
The question in the minds of demonstrators is whether this can go on
without justice, let alone retribution.
Stability with the military supervising a gradual transfer of power means
Mubarak's handpicked generals will continue to hold the reins of power.
Under whose auspices will new elections take place? If the regime tries to
resume past practices, will the organizers of this protest be able to regain
the momentum they will have lost by then? Or, should they settle for nothing
less than true regime change now? These are the questions the reformers
face, and the future of Egypt rests on their decisions at this momentous time.