What we’re tracking on 7 December 2017
Counsel from Enterprise on your communications program, offered without charge: Do you have horrible news you don’t want anyone to notice, but to which you need to ‘fess up at some point? Take out the trash late this afternoon. Have good news you want the whole world to notice? Do it on this coming Sunday afternoon.
Why? Because all anyone, anywhere, is talking about this morning is Trump’s recognition of Jerusalem as the capital of Israel. The embassies are issuing their security warnings to citizens (the usual “protests may be planned or spontaneous, and could become violent. Remain vigilant and avoid all large gatherings.”). The pols on all sides are foaming at the mouth. The usual activist types are mulling the usual questions. And the notion that we live in a bad corner of the world just got a little more ingrained in everyone else’s minds.
The upshot: Nobody cares about business in Egypt today. Except maybe us and, well, you. So dump out your bad news this afternoon — odds are good it will be missed. And hold back your goods news until Sunday afternoon, when the cycle turns and you have a chance of making websites, newspapers and screens for Monday when Westerners are back in the market.
A who’s who of Egyptian business leaders will be attending the unfortunately named Business for Africa, Egypt and the World Summit, which kicks off today in Sharm El Sheikh. As in: Just about everyone we know will be there — except us, naturally. The conference, taking place under the auspices of the presidency, is part of Egypt’s drive to export to (and re-engage with) Africa. The presidents of Guinea, Chad, Rwanda, Côte d’Ivoire, Comoros and Somalia will all be arriving and will be joined by the current chair of the African Union Commission.
Time Magazine selects “the Silence Breakers” as its Person of the Year: Time Magazine has selected “Silence Breakers” — women of the entertainment and other industries who came out in droves to publicly call out predatory behavior in the workplace by men such as Harvey Weinstein — as their Person of the Year in 2017. The scandal, which has rocked everything from the film industry to politics and journalism, particularly in the United States, has seen some of the biggest names being outed as alleged predators. Kevin Spacey, Dustin Hoffman, Charlie Rose, and Louis CK were only some of the men who have been fired, resigned or had projects terminated as a result of allegations of harassment. Runners up this year included: Donald Trump, Xi Jinping, Robert Mueller, Kim Jong Un, Colin Kaepernick, and Patty Jenkins.
Elsewhere on the interwebs this morning, scratching at the window to beg for your attention like a half-drowned puppy in a nor’easter:
- Russian President Vladimir Putin announced he will run for reelection in March of 2018, according to Reuters. A fourth term as president would see him in power until 2024.
- Goldman and Barclays are now in the same league as JP Morgan, when it comes to their willingness to cut big cheques, ponying up USD 20 bn in acquisition finance each for CVS Health’s takeover of Aetna, the Wall Street Journal reports.
- The torrent of “best of” content continues, with the WaPo putting out its Best TV shows of 2017 and the New York Times dropping The 54 Best Songs of 2017, The Best Movies of 2017, and The Best Theater of 2017.
Finally: “A history of the final dying days of the power suit” makes us want to start wearing suits again.
WEATHER- Expect another cool day in the capital city today — partly cloudy skies and a high of 19°C was the forecast at dispatch time. The weekend outlook: Mostly sunny Friday and Saturday in Cairo with a high temperature of 20°C on Friday and 22°C on Saturday. Winter has come, folks.