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Lebanon Recession


[ad_1] 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, …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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. …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] “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 …

[ad_1] 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 …

[ad_1] 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. …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

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[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] “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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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), …

[ad_1] 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 …

[ad_1] 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 …

[ad_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 …

[ad_1] 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 …

[ad_1] “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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …