Hopefully, they will have some other news on CNN now
End of Mubarak era as protests topple presidentCAIRO (Reuters) - A furious wave of protest swept Egypt's President Hosni Mubarak from power Friday after 30 years of one-man rule, sparking jubilation on the streets and sending a warning to autocrats across the Arab world and beyond.
Mubarak, the second Arab leader to be overthrown by a popular uprising in a month,
handed power to the army after 18 days of relentless rallies against poverty, corruption and repression caused support from the armed forces to evaporate.
Vice President Omar Suleiman said a military council would run the affairs of the most populous Arab nation. A free and fair presidential election has been
promised for September, though some question the army's appetite for real democracy.
Mubarak, 82, had flown with his family from Cairo to the Red Sea resort of Sharm el-Sheikh, a ruling party official said.
Ecstatic Egyptians celebrated a peaceful "White Revolution" in carnival mood on the streets and people embraced in Tahrir, or Liberation, Square, the main focus for protest, claiming a victory over their "Pharaoh" they hardly dared to believe.
In the United States, Mubarak's long-time sponsor, President Barack Obama said: "The people of Egypt have spoken." And he stressed to the U.S.-aided army: "Egyptians have made it clear that nothing less than genuine democracy will carry the day."
There was a note of caution in the background, however, over how far the military under
Field Marshal Mohamed Hussein Tantawi, Mubarak's veteran defense minister, are ready to permit a democracy -- especially since the hitherto banned Islamist Muslim Brotherhood is one of the best organized forces.
"This is just the end of the beginning," said Jon Alterman of the Center for Strategic and International Studies.
"Egypt isn't moving toward democracy, it's moved into martial law and where it goes is now subject to debate."
U.S. officials familiar with the U.S.-sponsored Egyptian military say
Tantawi, 75, has long seemed resistant to change. He has been
defense minister for more than 20 years with a past rooted firmly in the old guard's ruling elite.
CAUTION OVER MILITARY RULEIn a statement, the higher military council said it would take measures for an interim phase and hoped to realize people's hopes. Striking the even-handed note the military has maintained throughout the crisis, it praised Mubarak for resigning "in the interests of the nation" and the "martyrs" who died protesting.
Risk consultancy Stratfor said: "The
military has carried out a coup led by ... Tantawi. It is not clear whether Suleiman will remain as civilian head of the army-led government. Egypt is returning to the 1952 model of
ruling the state via a council of army officers."http://links.reuters.com/r/KT2XP/5JMY7/ ... XSPT0/YT/h
It's all about "how much you made when you were right" & "how little you lost when you were wrong"