The Daily Banter Headline Grab. From AP:
CAIRO -- Faced with an unprecedented strike by the courts and massive opposition protests, Egypt's Islamist president is not backing down in the showdown over decrees granting him near-absolute powers.
Activists warn that his actions threaten a "second revolution," but Mohammed Morsi faces a different situation than his ousted predecessor, Hosni Mubarak: He was democratically elected and enjoys the support of the nation's most powerful political movement.
Already, Morsi is rushing the work of an Islamist-dominated constitutional assembly at the heart of the power struggle, with a draft of the charter expected as early as Thursday, despite a walkout by liberal and Christian members that has raised questions about the panel's legitimacy.
The next step would be for Morsi to call a nationwide referendum on the document. If adopted, parliamentary elections would be held by the spring.
Wednesday brought a last-minute scramble to seize the momentum over Egypt's political transition. Morsi's camp announced that his Muslim Brotherhood and other Islamists will stage a massive rally in Cairo's Tahrir Square, the plaza where more than 200,000 opposition supporters gathered a day earlier.