Egypt’s highest court has ruled that the country’s recent parliamentary election was unconstitutional, and that parliament must be dissolved. In a further move to sideline the Muslim Brotherhood, it ruled that a former Mubarak crony may run in the upcoming presidential election.
In other news, Cyprus may follow the PIGS and require a bailout. It was originally thought that its fiscal salvation would come from the EU, but now it seems that Nicosia may ask the Russians for financial assistance.
Meanwhile, despite a continuing decrease in student test scores and a high dropout rate, teachers in Chicago are demanding a 30% pay raise.
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