What the Big Mac Index says about the dollar and the dong
WHEN The Economist introduced its Big Mac Index 35 years ago, McDonald’s ubiquitous burger was only $ 1.60 in America. Now, it costs $ 5.65, based on an average price across four cities. The increase far exceeds inflation over the same period. Listen to this story Your browser does not support the item . Enjoy …
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Hariri’s departure paves way for more chaos in Lebanon
In the hours leading up to veteran Lebanese politician Sa’ad Hariri’s visit to President Michel Aoun last week, hope was expressed that after 10 months of fruitless negotiations the struggling country would finally have a new government. But when they met last Thursday, the two were unable to come to an agreement and Hariri resigned …
Critics target charitable money in donor funds | national
What sparked Arnold’s interest, he said, was seeing wealthy people with philanthropic intent funneling money into CFOs while giving very little to charity. “The money was right there to grow,” said Arnold. “There was no intention to abuse the system. But the money was only piling up because there was no forcing mechanism. “ Opponents …
Cardinal Rai entrusts Lebanon to Saint Charbel
On the feast of Saint Charbel, celebrated last Sunday, Cardinal Béchara Raï, Patriarch of Antioch of the Maronites, prays for the intercession of the Saint of Lebanon to help the nation recover from one of the worst economic crises and policies that she has ever known. . Vatican News Editor Cardinal Béchara Raï, Patriarch of …
2020 was a banner year for stress, hitting mothers with children at home the hardest
Stress levels have risen the most, with “a record 40% of adults worldwide” reporting being stressed “a lot the night before,” according to Gallup’s 2021 Global Emotions Index. This is the highest level in the past 15 years, according to the report. Globally, women with young children in the home have endured the brunt of …
Report: Israeli Defense Sources Warn EU, US Lebanon Crisis Strengthens Iran | JNS
Senior Israeli defense officials have warned their counterparts in Europe and the United States that Lebanon’s serious economic, political and infrastructural problems crisis is accelerating efforts to root Iran in the region and strengthen Hezbollah, according to a recent report by the Kan new. According to the report, the sources told their counterparts that alongside …
A year later, a $ 60 million corruption scandal was felt in business and national politics
The governor defended his decision to appoint the utility law expert. DeWine reassigned Laurel Dawson, the chief of staff who oversaw Randazzo’s selection process, in a May staff reshuffle described as unrelated. The governor’s main lobbyist, Dan McCarthy, is a former FirstEnergy lobbyist who was chairman of one of the black money groups involved in …
Is American Democracy in Danger?
The economy is taking a huge hit, with the banking sector on the brink of collapse. The provision of many social services, such as vaccines (not only for COVID, but also for polio and tuberculosis), has all but ceased. The Tatmadaw continues to face widespread resistance from democracy activists and ethnic militias, and foreign powers …
A country in free fall: what future for Lebanon? | Middle East
Once envied by the Arab world, Lebanon has become a hopeless case with no end in sight. Its political system is deadlocked, as its economy perishes with each passing day, forcing its leaders to advocate for emergency foreign aid to stay afloat, including food for its starving army. But the Lebanese, a shrewd people better …