Mubarak agrees to power transfer, refuses to step down

Nobel Peace laureate and leading democracy advocate Mohamed ElBaradei is predicting "Egypt will explode" after President Hosni Mubarak refused to step down and is calling on the military to intervene.

The Army must save the country now," said a Tweet from ElBaradei's Twitter account. "I call on the Egyptian army to immediately interfere to rescue Egypt. The credibility of the army is on the line.

Egyptian President Hosni Mubarak refused to step down Thursday, saying in a nationally televised speech that he would hand authority to his vice president in a move that enraged and bewildered hundreds of thousands of protesters packed into Cairo's Tahrir Square.

The country was anticipating an address that would mark the end of Mubarak's 30 years in power but instead was told that he was going nowhere. Protesters shouted "leave, leave," and chants of disapproval echoed across the Nile at the prospect that the 17-day standoff with the government was not over.