what things to remain calm.

He is an Econ professor. (A Keynesian macro guy -- you ought to hear what he says about the Republican Econ models.)

Every Sunday we get together with a few others for beers and discussion at a local pub in what we call the Sunday Seminar. (Nothing is off topic. We talk religion and politics regularly.)

Yesterday we talked about this and my friend "held court" on the topic. All listened, since he still has close family in Egypt.

In short, he is very worried about what is going on now. If he is, so am I. We all need to keep a eye on this.

and you have to wonder if they will just accept this. But so long as the military retained power, there may as well have been no revolution. I follow some of the original revolutionaries and it will be interesting to see how they feel. I know they were greatly disappointed in how things worked out.

and Egypt regressing toward becoming another repressive religious fanatic hellhole like Saudi Arabia.

Egyptian imports of wheat with which to provide subsidized bread supplies are critical. Morsi will not do anything which would jeopardize them.

It looks less like a coup than a deal between Morsi and the military. Key, elderly officier are being retired and young ones promoted.

Ironically, the dissolution of Parliament by SCAF appears to have given Morsi the opportunity to gather all of the state power to himself.
The judiciary is the only check on his powers, but how many divisions does the judiciary have?

He was the head of SCAF, kids this has potential... and not in a good way.