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Lebanon Recession


Automakers and dealers are on track to spend less on advertising this holiday season, industry executives and analysts said, and they’re not alone as supply chain disruptions leave less advertising to advertisers. DETROIT (AP) – Take a step back from picked-up store shelves, stalled container ships, and empty auto showrooms, and you’ll find the root …

By STAN CHOE AP Business Writer NEW YORK (AP) – Wall Street skeptics are gone. As the stock market hit record highs – undefeated by recession, pandemic or dangerous bubble warnings – activity fell to an almost two-decade low for traders known as short sellers , who make their money betting stocks will fall. It …

3) ITV chairman under pressure from shareholders Sir Peter Bazalgette is facing an investor rebellion over his role in an obscure investment trust amid allegations that he and other directors presided over a corporate governance fiasco. 4) Wall Street raider threatens to blow up online fashion world Activist investor Dan Loeb has raised expectations of …

By CHRISTOPHER RUGABER Writer in economics of AP WASHINGTON (AP) – US employers ramped up hiring last month, creating 531,000 solid jobs, the most since July and a sign that the recovery from the pandemic recession is overcoming a virus-induced slowdown. Friday Ministry of Labor report also showed that the unemployment rate fell to 4.6% …

DUBAI: As world leaders gather in Glasgow for the COP26 summit, the untapped potential of hydrogen among other alternative energy sources has caught the attention of experts and delegates who visited the Scottish city to explore ways to mitigate climate change. Hydrogen fuel has become a viable competitor for the energy transition as heat-trapping greenhouse …

Bond yields have fallen. The 10-year Treasury yield fell to 1.55% from 1.57% on Monday night. Crude oil prices fell 0.9% and weighed on energy stocks. Wall Street has focused on a steady stream of corporate profits over the past few weeks. The results helped generate gains for major indices after a turbulent summer when …

I will focus on Syria in several articles, given the importance the country has had in international relations for centuries. Ten years ago, a civil war broke out in Syria. What is the particularity of this conflict? What is happening in the country now? How do Syrians live and what do they live? Is there …

Seasonally adjusted total non-farm employment remains 5.8% below February 2020 levels, down 2,530 jobs after heavy layoffs in spring 2020. Leisure and hospitality employment increased by 290 (9.0%) over the past year, but still down 890 jobs (-20.3%) from its pre-recession level in February 2020. Overall, the private sector shed 230 jobs during the month. …

Biden presented himself to voters as a capable leader whose deep experience of Washington’s ways could bring about significant changes through legislation, a clear counterpoint to President Donald Trump’s brutal political approach. Instead, Biden didn’t have to negotiate with the Republicans, but with his fellow Democrats, and he still didn’t seem to be successful in …

A forex trader walks past screens showing the Korea Composite Stock Price Index (KOSPI), left, and the exchange rate between the US dollar and South Korean won in a foreign exchange trading room in Seoul, Korea South, Thursday, October 28, 2021 Asian stocks fell on Thursday after a retreat to Wall Street as banks and …

Twitter and Square CEO Jack Dorsey recently stoked hyperinflation fears emanating from the United States and then around the world. But Cathie Woods, founder, CEO and CIO of Ark Invest, has taken to Twitter to challenge her claims. “Hyperinflation will change everything. It’s happening, ”Dorsey tweeted on Oct. 23. “It will happen soon in the …

Times are changing ‘. Iranian leaders may not be fans of Bob Dylan, but his words are likely to resonate as they consider their next steps in Iraq, Iraqi Kurdistan, Lebanon and Azerbaijan. The same goes for Turkish President Recep Tayyip Erdogan. The president’s brilliance as a fierce defender of Muslim causes, except when there …

Listen to this article on the app Listen to this article on the app United States General Colin Powell dies at 84 Four-star General Colin Powell, who was diagnosed with cancer, died on October 18 from covit disease. Born in Harlem to Jamaican parents in 1937 and served in the military for thirty-five years, he …

FILE – In this May 4, 2021 photo, the Treasury Building is seen in Washington. The Treasury Department says the economic and financial sanctions the United States has used over the past two decades to fight global terrorism, nuclear proliferation, drug cartels and other threats must adapt to a rapidly changing financial world. The department …

CLAREMONT – An 83-unit apartment complex under construction in the envelope of a historic mill overlooking the Sugar River is in the home stretch after a complicated financial package is put in place for the construction project of $ 11 million. Chinburg Properties, based in Newmarket, NH, which acquired the 62,000-square-foot Peterson Building for $ …

Carlos Ghosn is in a much nicer prison today. The former head of the Renault-Nissan-Mitsubishi Alliance and now wanted fugitive fled the Japanese justice system for the safety of Lebanon in a dramatic escape turned to films. He has left a prison system condemned internationally for human rights violations and will not return to Japan; …

Hundreds of social workers across the state will be able to telecommute about 70 percent of the time until the end of December under a decision from the labor facilitator released on Friday. The binding ruling resolves five months of tension between Gov. Ned Lamont’s administration and the state government’s largest union, Council 4 of …

A lone shopper pushes a cart past a display for Christmas sales at a Costco warehouse late Thursday, September 23, 2021, in Lone Tree, Colorado. Companies that typically hire thousands of seasonal workers are heading for the holidays during one of the toughest jobs markets in decades, making it unlikely that they will find all …

FILE – A delivery man leaves a Domino’s Pizza restaurant in downtown Seattle by bike on Sunday, March 15, 2020. Domino’s Pizza says shortages of cooks, drivers and other staff are slowing sales at its U.S. stores. The world’s largest pizza chain said Thursday, October 14, 2021 that its same-store sales __ or sales in …

FILE – In this file photo from Monday, June 14, 2021, people sit at outdoor tables at a restaurant in Soho, London. The UK economy is no longer the worst performing Group of Seven economy after second quarter growth was revised up to reflect a larger than expected increase in consumer spending following the lifting …

Jordan’s King Abdullah II replaced nine cabinet ministers with 31 members on Monday, the fourth government reshuffle appointed a year ago. The king did not change any of the government’s main portfolios regarding security, foreign policy and finance, but changed the Minister of Energy and brought in a new government spokesperson, who has the rank …

The main power companies in Beirut-Lebanon state supplied the country’s electricity grid for about two hours, residents told CNN on Sunday. Lebanese Energy Minister Walid Fayad told CNN Arabic on Saturday reports of a total power outage in the country were “exaggerated” and “the situation is no worse than before. “. The Lebanese state-owned company …

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 …

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 …

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 …

Treasury Secretary Janet Yellen speaks during a House Financial Services Committee hearing Thursday, September 30, 2021 at Capitol Hill in Washington. Yellen said on Tuesday, October 5, 2021 that October 18 remains the date on which it is likely to run out of resources to avoid an unprecedented default on the country’s debt without congressional …

The Associated Press undefinedA global investigation has revealed how the rich and powerful have hidden their investments in mansions, exclusive beachfront properties, yachts and other assets over the past quarter century. Collectively, these assets are worth billions of dollars.The investigation, dubbed the Pandora Papers, was published Sunday evening and involved 600 journalists from 150 media …

Rising costs have raised concerns among Americans about their financial future and reduced their confidence in the economy, according to the University of Michigan’s monthly consumer confidence survey, released Friday. The survey found consumers were slightly more optimistic about the economy in September compared to the previous month, but far less than in April, when …

Republicans say Democrats have the votes to raise the debt limit on their own, and Kentucky Republican Leader Mitch McConnell insists they do so. The short-term spending legislation will also provide approximately $ 28.6 billion in disaster relief for those recovering from Hurricane Ida and other natural disasters, and will help support Afghan evacuees from …

Once the government is funded, albeit temporarily, Democrats will turn their full attention to the need to raise the federal borrowing ceiling, which now stands at $ 28.4 trillion. The United States has never defaulted on its debts in the modern age and historically both sides have voted to increase the limit. Democrats have joined …

A forex trader works near screens showing the Composite Korean Stock Price Index (KOSPI), left, and the exchange rate between the US dollar and the South Korean won in the foreign exchange trading room at KEB headquarters Hana Bank in Seoul, South Korea, Thursday September 30, 2021. Asian stocks were mostly higher Thursday after a …

DUBAI: The UAE will take center stage on the world stage for the next six months – the length of Expo 2020 Dubai, the extravagance of business, technology, connectivity and pure showbiz finally kicking off in of a sumptuous opening ceremony Thursday. There is no doubt that the exhibition will raise the profile of Dubai …

WASHINGTON – Treasury Secretary Janet L. Yellen on Tuesday warned lawmakers of the “catastrophic” consequences if Congress does not raise or suspend the legal debt limit in less than three weeks, saying inaction could lead to a self-inflicted economic recession and financial crisis. At a Senate Banking Committee hearing where she testified alongside Federal Reserve …

Ian Bremmer’s quick shot: Hi everyone. Ian Bremmer here. Have a good week to all of you and I thought I would tell you a bit about Germany and Europe. Because of course we just had elections in Germany, Angela Merkel’s 16 year reign coming to an end – by far the strongest leader Germany …

WASHINGTON – For nearly two decades, lawmakers in Washington have led a escalating hype on the federal government’s ability to borrow money to pay its bills. They forced the administrations of both sides to take evasive actions, pushing the nation dangerously close to economic calamity. But they never made the United States fail. The dance …

In the 2000s, Hinckley began visiting his parents in a gated community in Williamsburg. A 2016 court order granted her permission to live with her mother full time, albeit under various restrictions, after experts said her mental illness had been in remission for decades. Stephen J. Morse, professor of law and psychiatry at the University …

FILE – Actor Michael K. Williams poses for a portrait at the Beverly Hilton during the Television Critics Association’s 2016 Summer Press Tour on Saturday, July 30, 2016, in Beverly Hills, California. Williams, 54, died of acute drug poisoning, New York City medical examiner said on Friday, September 24, 2021. Williams, known for playing Omar …

September 23 — Union Village held a groundbreaking ceremony on Tuesday to mark the start of the new Warren County community. Nearly 100 people, including officials from Otterbein SeniorLife, Turtlecreek Twp., Warren County, Union Village Realty Company, home builders and residents, attended the ceremony. The event was marked by the first residents of the community …

FILE – An Amazon truck arrives in Philadelphia on Friday, April 30, 2021. Amazon wants to hire 125,000 delivery men and warehouse workers and said on Tuesday, September 14, 2021 that it pays new hires an average of $ 18 an hour in a job market, as more and more people shop online. The company …

Lebanese bond investors could see their holdings reduced by 75%, Goldman Sachs said, if the newly formed government resolves the losses in the financial system, undertakes credible reforms and unblocks funding from the International Monetary Fund. Lebanon defaulted on its international debt in March 2020 after years of political upheaval and economic mismanagement rendered it …

Senatorial Minority Leader Mitch McConnell, R-Ky., Joined by GOP leaders, speaks briefly with reporters to warn Republicans will block the measure passed by the House to keep the government funded and suspend the limit on federal debt despite setting up a high-stakes confrontation that will risk triggering a budget crisis, on Capitol Hill in Washington …

The central bank’s pullback in bond purchases and its possible rate hikes, whenever they happen, will mean some borrowers will have to pay more for mortgages, credit cards and business loans. Equity and bond traders took the Fed’s message eagerly on Wednesday. The Dow Jones Industrial Average, which had risen more than 400 points before …

ASSOCIATED PRESS, DOSSIER ZANE SPARLING Pamplin Media Group Oregon landlords could increase their rents by as much as 9.9% in 2022, state officials say. The administrative services department has approved the statewide maximum increase, which takes effect next calendar year, under an emergency rent control law promulgated by lawmakers ago three years. Since then, the …

FILE – In this file photo from Friday September 17, 2021, UK Business Secretary Kwasi Kwarteng, center, attends the first Cabinet meeting since the reshuffle, at 10 Downing Street, London on Friday September 17, 2021 UK Affairs The secretary will hold emergency talks with industry leaders and consumer groups as the government seeks ways to …

President Joe Biden leaves St. Edmund’s Roman Catholic Church in Rehoboth Beach, Del., After attending mass on Saturday, September 18, 2021. Biden is spending the weekend at his home in Rehoboth Beach. FILE – In this file photo from August 13, 2021, two Red Cross volunteers help a man activate his pass on the TousAntiCovid …

A woman walks past a bank’s electronic board displaying the Hong Kong Stock Index on the Hong Kong Stock Exchange in Hong Kong on Monday, September 20, 2021. Shares fell more than 3% in Hong Kong on Monday as part cleared up exchanges in Asia, with Tokyo and Shanghai have closed their doors. A woman …

And Fed Vice Chairman Richard Clarida, a close ally of Powell, surprised many observers last month by suggesting that the Fed’s targets of maximum employment and annual inflation of 2% could be reached by the end of 2022 – a sign that Clarida could then support a rate hike. . If this week’s updated forecast …

FILE – In this file photo from September 13, 2021, President Joe Biden, center, smiles at the crowd as he is flanked by California Gov. Gavin Newsom and Jennifer Siebel Newsom at a rally ahead of the election of California governor recall in Long Beach, Calif. In recall elections, Newsom won big in coastal urban …

We know how to foster greater diversity in the student body, because some public universities have done so. When the University of Texas, Austin, started to admit the top 10 percent out of every high school graduating class in the state in the late 1990s, he created pathways for schools in historically more disadvantaged communities …

The debt limit is the amount of money Congress allows the Treasury to borrow. It was suspended three times under the Trump administration and has been lifted dozens of times since 1960. Created at the start of World War I so that Congress no longer needed to approve every bond issue, the cap debt has …

Activists from the Indian Youth Congress shout slogans during a protest marking the birthday of Indian Prime Minister Narendra Modi in Hyderabad, India on Friday, September 17, 2021. A policeman arrests a member of the Indian Youth Congress during a protest where he and others staged a protest to mark the birthday of Indian Prime …

Good Friday morning, dear researchers. This is Kathy Miller, associate editor on behalf of John. Let’s dive right in. Jobs in the private sector recovered after the COVID-19 shutdown, but growth in non-educational employment in state and local governments across the country has been largely depleted. Pew Charitable Trust Data I will propose. All public …

Another week has passed, and Friday is here. What is the status of vaccines? Depends on who you ask. Is the pandemic getting better or worse? Depends on where you look. And how is the global economy doing as it tries to bounce back from COVID-19? Again, it’s in the eye of the beholder. The …

Beirut – Reuters On Thursday, the Lebanese cabinet approved its political plan to deal with the worst financial collapse in history. As Lebanon plunges into the abyss of economic collapse, three quarters of its population are on the brink of poverty and the local currency has lost 90% of its value in the past two …

While some of last year’s federal aid was delayed for reasons ranging from cost disputes to distribution issues, overall it protected families from an economic disaster that would have aggravated the public health crisis. Some have been left out, such as people not legally allowed to be in the country. As Americans argued over measures …

The supermarket corridor along Route 12A in western Lebanon has long been smashed. Consumer spending fell off a cliff during the Great Recession of 2007-09. Then Tropical Storm Irene in 2011 flooded some shopping centers, forcing many stores to close for months while the damage was repaired. A massive shift to online ordering over the …

FILE – In this March 24, 2021 file photo, midsize pickup trucks and vans are seen in a parking lot outside a General Motors assembly plant where they are produced in Wentzville, Mo. Global shortage of computer chips is growing worse, forcing automakers to temporarily shut down factories, including those that build popular pickup trucks. …

The latest estimates reflected the push and pull of many factors resulting from the pandemic, and the full impact may take years to resolve. The deep but relatively short recession reduced payroll tax revenue. But the death toll from COVID-19, concentrated among the elderly, has reduced future social security benefit payments. Hospitals have been stressed …

Even with the addition of infrastructure and social spending, the Biden administration said on Friday it projected deficits over the next decade to be $ 684 billion lower than its previous forecast. However, this improvement would still leave deficits over the next decade totaling $ 12.49 trillion. Over the past two years, the total deficits …

Motorists drive past the Prime Minister’s office building in Putrajaya, Malaysia on Friday, August 27, 2021. New Malaysian Prime Minister Ismail Sabri Yaakob kept mostly familiar faces in his cabinet unveiled on Friday, but promised that his government would be more open as it seeks to curb the worsening of the pandemic. In this photo …

Emile haddad, the real estate manager who spearheaded the conversion of a former airbase into housing, sports and entertainment in the Great Park neighborhoods of Irvine, is stepping down from his leadership role at the end of September. Five Point Holdings announced Monday, August 23, that Haddad will move September 30 from the day-to-day management …

In 2018, he announced he would not run for a third term as mayor as the city braces for the high-profile trial of a white policeman who shot and killed a black teenager, Laquan McDonald, on a city street. . The 2014 shooting death of McDonald’s, who was shot 16 times, was one of many …

“People behave differently based on new information, and it’s going to affect the job market,” said Sylvia Allegretto, labor economist and co-chair of the Center on Wage and Employment Dynamics at the University of California-Berkeley. California’s unemployment rate remained at 7.6% in July, the second highest in the country tied with New Mexico and New …

FILE – In this November 5, 2004 file photo, the Kansas City Southern logo is on the bottom of a restored 1954 Kansas City Southern passenger locomotive at Union Station in Kansas City, Mo. Canadian Pacific Railway is increasing its offer for Kansas City Southern at around $ 31 billion as it appears to be …

Reuters, Berlin Mon August 9, 2021 12:00 AM German Bundesbank President Jens Weidmann attends the 29th European Banking Congress in Frankfurt at the Old Opera House in Frankfurt, Germany. REUTERS / File “> German Bundesbank President Jens Weidmann attends the 29th European Banking Congress in Frankfurt at the Old Opera House in Frankfurt, Germany. REUTERS …

The Labor Department also revised its employment figures for May and June, adding 119,000 jobs. The economy lost more than 22 million jobs in March and April 2020 in a recession virtually overnight as the coronavirus forced businesses to close and people to stay at home. Since then, the United States has recovered nearly 17 …

A sign of seeking help is displayed at a gas station in Mount Prospect, Ill. On Tuesday, July 27, 2021. The number of Americans claiming unemployment benefits fell last week from 14,000 to 385,000 , Thursday August 5, further proof that the economy and the labor market are rebounding strongly after the recession of the …

Kristina Serafini / Pittsburgh Tribune-Review via AP Teenage workers Mikayla Crouthamel, 17 (left) and Courtney Collins, 19, take a photo at Harvest Moon Coffee & Chocolates in Tarentum on Friday, July 16. PITTSBURGH – As companies have taken “closed for an indefinite period” signs out of their windows and reopened, the landscape of a post-pandemic …

Special report July 22, 2021 10:00 a.m. Last updated: July 22, 2021 @ 11:20 am The rate of growth of the American population has reached its lowestern level sinthis the Great Depression, according to the 2020 US Census. Over the past decade, the Great Recession and the COVID-19 pandemic have slowed immigration and caused many …

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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 …

LULU GARCIA-NAVARRO, HTE: Uncontrolled inflation has decimated economies around the world. No, the United States is not Venezuela or Lebanon, where powdered baby milk now costs a quarter of the average worker’s monthly salary, but there are things to worry about. The Consumer Price Index, a barometer of inflation, experienced its biggest jump in 13 …

The way out of the bleak economic outlook resulting from Covid, experts tell us, is to put ourselves in a gloomy mood and prepare for calamity. They first said that we are quickly becoming a Myanmar, a military state, but when that prognosis started to be considered ludicrous, they have now changed their tactics to …

JOHANNESBURG — The violence and looting in parts of South Africa, sparked by the arrest of former President Jacob Zuma, spreads to reflect deeper issues in the continent’s most developed economy, where a third containment pandemic is exacerbating economic pain and unemployment that has disproportionately affected the poor. Police, now bolstered by a small deployment …

By the associated press The highlight of today’s story: On July 13, 1965, President Lyndon B. Johnson appointed Thurgood Marshall to the post of Solicitor General of the United States; Marshall became the first black lawyer appointed to this post. (Two years later, Johnson appointed Marshall to the United States Supreme Court.) To this date …

Today’s highlight in history: On July 13, 1965, President Lyndon B. Johnson appointed Thurgood Marshall to the post of Solicitor General of the United States; Marshall became the first black lawyer appointed to this post. (Two years later, Johnson appointed Marshall to the United States Supreme Court.) To this date : In 1787: The Confederation …

Asphalt pavers and drum compactors are back on the road. After a year of many road projects being shelved as cities grapple with budget holes caused by the COVID-19 pandemic, the summer resurfacing season is underway again, leaving a welcome whiff of hot tar in the air. And for paving companies, the to-do list is …

“Life is fleeting, everything is fleeting,” says Yonit Schiller. “As a photographer, I strive to capture the essence of a second in a single frame. Photography is an escape in time because it allows the moment to linger. I find it rewarding. For me, the goal is to suspend this moment in time. She describes …

Brendan McDermid / Reuters Brooklyn Borough President Eric Adams won the Democratic primary for mayor of New York, The Associated Press reported Tuesday night. With nearly every mail-in ballot eventually counted by the city’s notoriously inept election board, Adams – a former police officer who is said to be the city’s second black mayor – …

Today in history Today is Tuesday July 13, the 194th day of 2021. There are 171 days left in the year. The highlight of today’s history: On July 13, 1965, President Lyndon B. Johnson appointed Thurgood Marshall to the post of Solicitor General of the United States; Marshall became the first black lawyer appointed to …

The public operator of Abu Dhabi airport has canceled a contract with a consortium that was building a 10.8 billion dirhams ($ 2.94 billion) terminal at the emirate’s main airport, told Reuters four sources familiar with the matter. The group, which includes UAE-based Arabtec, Turkish company TAV Insaat and Athens-based Consolidated Contractors Company (CCC), won …

Washington (AP) – Employers will not have the immediate opportunity to relax as the US labor market recovers and workers’ needs increase this summer. The labor shortage will likely continue for years after the economy’s rapid recovery has shaken its growing pain. Imagine last year that a number of people of working age did something …

Shamseddine said if prices continue to rise with the removal of subsidies, basic needs will become beyond the reach of most Lebanese, adding that 65% of employed Lebanese earn their wages in pounds and 70% of them earn a salary between LL 1.5 million to LL 2.5 million. “The basic food basket costs LL 2.1 …

BEIRUT, July 1, 2021 – Children of Lebanon are the most affected by one of the world’s worst economic collapses in recent times[1], according to a survey released today by UNICEF. A series of mutually reinforcing crises, including a devastating recession, have left families and children in Lebanon in dire straits, affecting just about every …

According to the United Nations Children’s Fund, Unicef, Lebanese children are bearing the brunt of the economic collapse, political stalemate and the contagion of Covid-19 in their country. “A series of mutually reinforcing crises, including a devastating recession, have left families and children in Lebanon in dire straits, affecting just about every aspect of their …

“With no improvement in sight, more children than ever are going to bed hungry in Lebanon,” said Yukie Mokuo, UNICEF representative in Lebanon. “Children’s health, their education and their very future are affected as prices skyrocket and unemployment continues to rise,” she said. “More and more families are forced to resort to negative accommodation measures, …

The Lebanese military will start offering scenic helicopter flights over the crisis-ravaged country to raise much-needed additional funds as crippling inflation has left soldiers’ salaries worth just £ 60 per month . Fifteen-minute flights in a Raven helicopter for up to three passengers will be offered starting July 1 and will cost $ 150 per …

ECONOMYNEXT – The Sri Lankan Rupee is barely traded on official interbank markets after total transactions were banned above an unreliable peg of 200 for the US dollar, but parallel foreign exchange markets come into play, as they had done so in previous episodes of money printing, the market participants say. Sri Lanka’s interbank foreign …

Authors: Nizar Aouad, Dana Abed On August 4, 2020, Lebanon was ravaged by a catastrophic explosion in the port of Beirut, killing more than 200 and injuring 6,500, and causing massive destruction within a 10 km radius of the explosion site. Primary data collected from LGBTQI-focused civil society organizations (CSOs) and gay individuals immediately after …

Queer communities in Lebanon have few safe spaces left and have been among the hardest hit by the combined impacts of the Beirut explosion in 2020, the COVID-19 pandemic and the ongoing economic crisis , a new Oxfam study warned today. The combination of crises has destroyed entire neighborhoods where queer people have taken refuge …

Theocracy and Elections: The Iranian Way Rakesh Sood Iran last Friday elected its eighth president since the 1979 Islamic revolution that ended the Pahlavi dynasty. As expected, Ebrahim Raisi, the head of the judiciary since 2019, is expected to succeed President Hassan Rouhani on August 3. Given Iran’s complex governance structure of a theocracy with …

The path to a full-scale constitutional challenge to Obamacare is more or less closed, but smaller attacks on the law are still expected after the Supreme Court’s 7-2 ruling yesterday to uphold it. “There won’t be a big omnibus challenge to the entire law, but there will always be ongoing litigation regarding the administration and …

Largely stranded in their dollar deposit accounts since late 2019, when the Lebanese pound collapsed and the banking system collapsed amid widespread political protests, some savers are seeing investments in money-driven businesses. ‘export as a way to access hard currency and get something for their “lollars,” the nickname for US dollar-denominated deposits “trapped” in Lebanese …

As COVID-19 cases in New Hampshire continue to decline, state officials relaxed mask guidelines on Thursday, recommending that anyone without symptoms of the virus be able to dispense with masks in most indoor and outdoor locations. State epidemiologist Dr Benjamin Chan told the state’s weekly press conference that people with compromised immunity should continue to …

Lebanese look for ways to use devalued money Many use ‘trapped dollars’ to pay off outstanding debt Central bank considers measures to reduce liabilities Huge losses in the financial system still untreated BEIRUT, June 17 (Reuters) – Faced with the choice of leaving their savings blocked in the bank or investing them at a huge …

Over the past two years, Lebanon has experienced successive crises that have influenced its artistic environment. Yet some cultural centers and galleries have resumed operations after a long hiatus, hosting painting and sculpture exhibitions after a period of forced recession. The factors that paralyzed these centers are many, including the pandemic and the explosion in …

With every major global event, we wonder whether that particular event is going to trigger an economic crisis. In each economic crisis, we often wonder how long its damage will last … and to find answers to these questions, we often go back in history. No one likes economic crises. Nothing about them is fair, …