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Lebanon’s “economic war” leads to mass exodus of skilled workers and devastates health sector
Earlier this year, Elena Eassey was forced to drop out of college halfway through, pack her bags and start a new life in a country she had never been to: Australia. Key points: An explosion at the port of Beirut in August last year accelerated Lebanon’s economic free fall The country’s economic crisis has triggered …
Why can’t America stop flirting with financial ruin?
October 9, 2021 WASHINGTON DC FOR GOOD REASON, countries avoid defaulting on their sovereign debts if they can. Argentina, Greece and Lebanon can all testify to the pain of this experience. America, however, is exceptional. Every few years, it ends up precariously close to partial default, only to give way just before taking all the …
Soldiers, prisoners and displaced people vote ahead of Iraq elections
Soldiers, prisoners and internally displaced people voted on Friday in special early polls in Iraq as the country prepared for Sunday’s general election where turnout will show how much confidence voters have in a still young democratic system. Many Iraqis say they won’t vote, after seeing established parties they don’t trust sweep through successive elections …
Pandora papers: as ordinary Lebanese suffer, elites secretly …
(MENAFN- The Conversation) Few Lebanese will be surprised that the latest leak of offshore financial documents alleges Lebanese figures, including the current Prime Minister, have used offshore tax havens (although Najib Mikati, a businessman who held the top post in July, denied). The fact that the so-called Pandora Papers rank Lebanon among the world’s most …
IMF accused of omitting important data from Lebanese economy report
The International Monetary Fund omitted vital information from a 2016 report that sounded the alarm on the state of Lebanon’s financial system, Swiss publication The weather reported Thursday. The final version of the report, which was published in 2017, was shortened by 14 pages at the request of the country’s central bank to omit data …
Asian Stocks Rise as Debt Fall Fears Boost Wall Street Rally | national
A man wearing a protective mask stands in front of an electronic board displaying Japan’s Nikkei 225 index at a securities firm on Wednesday, October 6, 2021 in Tokyo. Asian stocks slid in cautious trading on Wednesday, ignoring a rally on Wall Street, with Tokyo’s Nikkei 225 index retreating after an open higher. A man …
As Lebanon grew impoverished, politicians accumulated wealth overseas
BEIRUT – A mine of leaked documents confirmed that for years Lebanese politicians and bankers have stored wealth in offshore tax havens and used it to buy expensive properties – an infuriating revelation for masses of newly impoverished Lebanese caught in the dark. one of the world’s worst economic crises in decades. . Some of …
Syrian minister says power line with Jordan is being repaired
Syria’s electricity minister said his government has started repairing a power line to Jordan as the kingdom takes political and economic steps to welcome President Bashar Al Assad. Jordan has sought to strengthen its regional role since a US administration seen as friendlier to the kingdom replaced Donald Trump in January. Amman has made the …
Palestinian refugee named world’s most influential student – Middle East Monitor
A Palestinian student born and raised in a refugee camp in Lebanon was selected among the top 50 finalists for the Chegg Global Student Prize 2021. More than 3,500 applicants from 94 countries around the world were nominated for their real impact on learning, the lives of their peers and the society around them. Aya …
Poll: Oregonians Divided Over Whether State Is ‘On The Right Track’ | Local
ZACK DEMARS The Bulletin While half of Oregonians say the state is heading in the wrong direction, opinions about the state’s economy have improved in recent months. These are two of the main lessons from the Oregon Values and Beliefs Center, which surveyed more than 1,100 residents in areas and demographics across the state over …