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Egypt plans to raise 5.5 billion pounds ($936 million) in treasury bills today to finance a budget deficit that the government said may widen after the toppling of President Hosni Mubarak.
You can’t do this without a central government and central bank in control.
4 comments
At almost 11% there will be no shortage of takers.
I do wonder how long they can keep that up, though.
re: #1 researchok
What do you think that the US buys most of it by a wide margin? That would create the US Party in Egypt.
re: #2 Bob Levin
What do you think that the US buys most of it by a wide margin? That would create the US Party in Egypt.
As long as the banks are flush, it’s a good investment. I wouldn’t be surprised if Israeli banks got in on that action.
For the short term, anyway.
Billions in US Taxpayer Dollars Now Go to Religious Schools via Vouchers Billions in taxpayer dollars are being used to pay tuition at religious schools throughout the country, as state voucher programs expand dramatically and the line separating public education and religion fades. School vouchers can be used at almost any ...
Cheechako
Adobe Caught Selling AI Generated Images Imitating Ansel Adams’ Work Adobe scolded for selling ‘Ansel Adams-style’ images generated by AI Adobe found itself in hot water this weekend after the Ansel Adams estate publicly scolded the company for selling generative AI imitations of the late photographer’s work. On Friday, ...
William Lewis
The Good Liars at The Libertarian Convention [VIDEO] The Good Liars visit the Libertarian Convention in Washington DC. They interview presidential candidates, talk to someone who thinks people should be allowed to own nuclear weapons, and Starchild. SUPPORT US: herohero.co SEE THE GOOD LIARS LIVE!NASHVILLE, TN JUNE ...
teleskiguy
Adam Conover - How Google RUINED the Internet [VIDEO] Google sucks now. Here's why. Get 20% off DeleteMe US consumer plans when you go to joindeleteme.com and use promo code ADAM at checkout. DeleteMe International Plans: international.joindeleteme.com You may have noticed that Google isn't what it used to ... teleskiguy
What Result Will There Be From the Trump Trial?I did my best to boil this down. What say you?
Rightwingconspirator
An Appeal to Heaven An ancient political phrase and a historic flag of the United States has entered the discourse as a flag of Christian Nationalism, insurrection, and the question of Supreme Court Associate Justice Samuel Alito's objectivity to rule on cases. So ...
Anymouse 🌹🏡😷
Grocers Are Finally Lowering Prices as Consumers Pull Back Consumers have been grumbling about the soaring cost of groceries for nearly two years. Now, some of the biggest names in retail appear to be listening. In recent weeks, Target and Aldi have broadcast price cuts on thousands of ... Cheechako
A Water War Is Brewing Between the U.S. And Mexico. Here’s Why A water dispute between the United States and Mexico that goes back decades is turning increasingly urgent in Texas communities that rely on the Rio Grande. Their leaders are now demanding the Mexican government either share water or face ... Cheechako
Harper’s Magazine: Slippery Slope - How Private Equity Shapes a Ski Town …Big Sky stands apart for other reasons. The obvious distinction is the Yellowstone Club, a private resort hidden in the mountains above the community that Justin Farrell, a professor of sociology at Yale and the author of Billionaire Wilderness, ... teleskiguy
Hawaii’s Mauna Loa Observatory Just Captured Ominous Signals About the Planet’s Health Hawaii’s Mauna Loa Observatory just captured an ominous sign about the pace of global warming. Atmospheric levels of planet-warming carbon dioxide aren’t just on their way to yet another record high this year - they’re rising faster than ever, ... Cheechako
Ranked-Choice Voting Has Challenged the Status Quo. Its Popularity Will Be Tested in November. JUNEAU — Alaska’s new election system — with open primaries and ranked voting — has been a model for those in other states who are frustrated by political polarization and a sense that voters lack real choice at the ... Cheechako
