Note: More recent updates are available here.
UPDATE 24:03 GMT: Tweet from “Fake_Dispatch” is making the rounds: “BREAKING: New Facebook upgrade option is called Mubarak. You click on quit and nothing happens.”
UPDATE 23:52 GMT: On the plus side, Egyptians now have a chance to recapture the $70 billion Mubarak family has looted. Works out to USD $84,337.97 per Egyptian.
UPDATE 23:35 GMT: White House statement expected soon. WH was obviously blindsided. Double-crossing, false signals rampant in this episode. Mubarak made references to “foreign” pressure in the open and in the close of his speech.

UPDATE 23:22 GMT: Under Egyptian Constitution, three powers Mubarak did NOT transfer to Suleiman: 1. Power to fire Cabinet, 2. Power to disband Parliament, 3. Power to change Constitution. (My thought, and I’m sure the thoughts of millions of Egyptians): These are BIG loopholes.
UPDATE 23:17 GMT: BBC’s Paul Adams in Tahrir Square says the army seems more nervous than it had been before: “People are talking about the possibility of marches tomorrow, of going to the presidential palace, and that they know that could be a gauntlet to the army. But a number of people were insisting that the army remained neutral, even though there was a slight suspicion they were lied to earlier in the day when they were told ‘tonight you will get all your demands.’ They still believe the army is neutral.”
UPDATE 23:12 GMT: CNN’s Ben Wederman tweet: “It’s amazing how far and how fast relations between the governments of the US and #Egypt have deteriorated.”
UPDATE 22:59 GMT: Obama to meet with national security team to discuss Egypt situation.
UPDATE 22:57 GMT: ElBaradei on CNN, asked if transfer to Suleiman is supportable: “Absolutely not.” Says there’s no difference between Suleiman and Mubarak. Says it’s unclear if army is with Mubarak or with the people.
UPDATE 22:41 GMT: ElBaradei via Twitter: “Egypt will explode. Army must save the country now.”
UPDATE 22:40 GMT: Egyptian Ambassador Sameh Shoukry to US is telling CNN’s Wolf Blitzer that Mubarak has transferred “all power” to Suleiman and that Mubarak retains title but is “president in name only.”

UPDATE 22:34 GMT: French President Nicolas Sarkozy’s first comment on the Mubarak speech: “I hope Egypt gets a democracy, not an Iran-style religious dictatorship.”
UPDATE 22:27 GMT: Comments compiled by Reuters…
Stephen Grand, Brookings Institution: “It was quite surreal. He’s a stubborn old man who refused to see the writing on the wall. I happen to believe the demonstrations will continue, people will continue to push for his ouster and eventually will succeed.”
Robert Springborg, US Naval Postgraduate School: “The speeches tonight are not intended to bring an end to the crisis in a peaceful way but to inflame the situation so there is justification for the imposition of direct military rule. They are risking not only the coherence of the military but even indeed, and I use this term with advisement here, civil war. I think it needs to be made perfectly clear (by outside powers) that Mubarak and his regime are forfeiting Egypt’s future. Egypt is in an economic crisis. It is going to have to be bailed out and the short answer to what they are doing now is that it will not be bailed out with anything like a military regime in place that is associated with Mubarak, Omar Suleiman and these people who are part of this regime.”
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Analysis: Revolutions, Regime Change, and State Collapse in the Arab World
Of Revolutions, Regime Change, and State Collapse in the Arab World by Marina Ottaway and David Ottaway
With breathtaking speed, massive popular protests across the Arab world have swept away two Arab strongmen and shaken half a dozen monarchies and republics to their core. But the Arab world has yet to witness any fundamental change in ruling elites and even less in the nature of governance.
Libya now seems poised to be the first country to see a true change in governance, thanks to Muammar Qaddafi’s megalomania and his amorphous jamahiriya (state of the masses). But such change may not have a happy ending. The damage Gaddafi has inflicted on his country is likely to extend well past his demise because he leaves behind a weak state without functioning institutions.
The uprisings sweeping across the Middle East have similar causes and share certain conditions: authoritarian and ossified regimes, economic hardship, and a growing contrast between great wealth and dire poverty, all worsened by the extraordinarily large number of young people who demand a better future. But the consequences will not be the same everywhere.
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