And today, I saw and heard a very simple explanation: there is, after the violence of last Wednesday and Thursday, a commitment to organic Egyptian democracy in some top quarters (notably the White House), and a commitment to a rapid technocratic transition in others (notably the Pentagon), and no capacity or mechanism to efficiently share information, forge a consensus across departments, and coordinate a message.

FORBES: Confusion at Foggy Bottom

The market is a bit more on edge Thursday after Fed Chairman Bernanke on Wednesday warned that the U.S. Fed could do little to repair the damage from the politicians failing to come to agreement and the government going over the fiscal cliff.

FORBES: A.M. Kitco Metals Roundup: Gold Drops Below $1,700 Following another Mysterious Price Drop in Asian Trading

This new coastal storm is predicted to impact the region beginning after midnight Tuesday with impacts continuing Wednesday and into Thursday.

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