11th revolution. food price ropes 8%. the egyptian pound has last 12% since december of last year. the general debt has risen. tourism revenue is down. i can go on and on. egypt is in crisis, economically, socially and spiritually. you can see the reaction on the street. that is what prompted all of this. that s one of the reasons you heard the chief of the army saying the country would be run by a techocrat. we have seen it again and again and again. another po nie t on president morsi. there is a verified twitter account. as of 9 minutes ago tweets were being sent out still in the name of president morsi. one said the armed forces announcement is rejected by all free men who struggled for is democratic egypt. and then it says president mor
year in tourism revenue. that is huge. that is more than half the entire state brings in from tourists. last year they had $ 7.5 millio people here on the jersey shore. a lot of progress here. 85% of the businesses are open. even with all that they have gone through from hurricane sandy. want to bring you one of the business owners, steve whalen. we were lucky enough to spend many time with you leading up to the big weekend. you own lucky leo s, a big arcade, around 60 years. how has it been so far for you guys? actually it s just been absolutely phenomenal. reporter: wow. the last two days, the weather has broken. it s been gorgeous. we look like incredible business men because of this great weather. it is very encouraging. reporter: i have to say one of the things that i have seen in this town and in the towns nearby is that a lot of the houses still are really, really
it is a little too early to tell. however, you can only look at history. look after september 11th in new york city. new york lost more than $320 million in tourism revenue. many schools have canceled field trips to boston. on the social media sites, the content has been somewhat concerning farce would-be travelers to boston. it will impact boston but time only will tell and how much. you can also look at some other soft targets out there. look at upcoming marathons in key metropolitan cities. philadelphia and new york are in november. chicago, in october. those are cities that may also take an impact. remember, those big, big marathon cities bring in a lot of people to travel. hotels usually are booked, restaurants. it will have an impact on other cities as well. it already has had an impact. let s see what the fallout is.
tourism revenue. swan says it will shave about half a percentage point from australia s economic growth. historic flooding in the united states has hit eight midwestern and southern states. parts of missouri and tennessee have been declared disaster areas. and the mississippi river is expected to crest at over 4 meters above flood stage. 4 meters above flood stage on tuesday. that s about 13 feet. we have this report on the impact on res dents and businesses. reporter: the mississippi hasn t been this high in 70 years. as the raging water cuts its way towards memphis and new orleans, it leaves behind it feet of standing water, not expected to recede for weeks. in metropolis, illinois, this is day 15 of flood response. we ll continue to work together this whole week and beyond this week, week after week until we get back to where we want to be. this is the state of things
made money everyone shady land transactions in this ever expanding resort. not to mention the cost of the revolution in lost tourism revenue. we are losing daily something like 20 to $30 million at least in this area. 190 hotels au mostly empty. up to 200,000 related jobs at stake. this man is trying to bolster local spirits, won t publicly comment on cronyism but is happy mubarak is no longer in charge. if we are participating in choosing as all democratic countries do, i think for all industries, not only for tourists for everybody, this will be very good for the economy and the people. reporter: with the lull in business, rumors in this quiet resort are rampant. mubarak is ill. is considering relocating out of