At least 200000 Egyptians have signed up on Facebook to back Mohamed ElBaradei, the former UN nuclear boss, who has said he wants to shatter 30 years of political stasis in Egypt by running for president. Despite a surge in online support for political alternatives to President Hosni Mubarak, 82, who has been in power since 1981, even ardent supporters acknowledge that online activism in Egypt cannot deliver change without action on the streets. ‘Crucial step’ Yusuf AbdelRahman, representing ElBaradei’s Facebook group, said the petition had 54870 online signatures so far but added that 15000 Facebook members have volunteered to go on the streets of Cairo and other cities to collect more signatures. “[This] is a crucial step considering that three decades of state repression has left many afraid of taking action. Others accept repressive measures as a fact of life,” he said. The speed supporters signed up to Facebook after ElBaradei returned to Egyptin February, adding tens of thousands in a few days, reflects pent-up frustration before parliament and presidential elections this year and next, analysts say. But they say the challenge is galvanizing the masses in a country where opposition parties are weak, where police crush even modest protests and where the banned Muslim Brotherhood, the biggest opposition group, has shunned action on the streets. Even modest protests in Egypt draw an overwhelming, and often violent, police response. But heavy-handed security has also …
June 3 (Bloomberg) — Ed Rogers, chief executive officer of Rogers Investment Advisors YK, talks with Bloomberg’s Susan Li about Japanese Prime Minister Yukio Hatoyama’s resignation and its implications for the nation’s economy and financial market. Hatoyama’s resignation came less than two months before mid-term elections, potentially hindering the Democratic Party of Japan’s efforts to reduce public debt. The DPJ will vote on the new party leader tomorrow. (Source: Bloomberg)
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