3. Egypt’s Economy Is Near Paralysis

Egypt's economy approached paralysis on Monday as foreign commerce, tourism and banking all but halted, placing acute pressure on President Hosni Mubarak to find a way out of the weeklong chaos. International companies closed plants and sent workers home or out of the country; food staples went undelivered to stores; and banks remained closed during a week when many Egyptians, who are routinely paid monthly, would receive their paychecks. A major ratings agency cut the country’s bond rating, while shortages led to rising prices. 
In my opionon, I think this event concern the the new president of Egypt---Hosni Mubarak, he reshuffled his government on Monday, this gesture that the opposition has already dismissed as inadequate. Therefore, Egypt's people is dissatisfied, Egypt's people want to removal Hosni Mubarak Hosni Mubarak also started to use force to against Egypt's people. According to this event, that is why Egypt's economy is approaching to paralysis. " 'The protests’ crippling effects could give Mr. Mubarak and his new cabinet perhaps only a few weeks to re-establish order before shortages, rising unemployment and a deep crisis set in." economists said.










http://www.nytimes.com/2011/02/01/world/middleeast/01economy.html?_r=1&hp