Economy
AUB’s Disappearing Act with Stimulus Money
The US Government is on the offensive. Its launched a name-and-shame campaign against organizations who took stimulus money from the government but didn’t play by the rules. One of the organizations recently shamed: the American University of Beirut:
The board in charge of overseeing the economic-stimulus package today is naming and shaming recipients of stimulus dollars [...]
Tourism Up, Everything Else Down
Two articles that I would like to highlight, the first from The Faster Times:
A lot of bright news for the Lebanese economy recently, starting with a banner tourist season, and culminating in the recent word that the IMF projects a GDP growth rate of 7 percent by the end of the year. But, as always [...]
So How Many Shekels is That?
What was supposed to be a mundane announcement has a brought a smirk to my face:
The Bank of Israel set the rate of the shekel higher against most of the currencies on its foreign exchange list on Monday. The exception was the Lebanese lira, which showed no change.
Are you serious? I can exchange my pounds [...]
The Economist Backs the Time’s Hoo-Ha
Now The Economist is now also parading Lebanon’s great achievements, which follows on a similar note left by Time Magazine 4 days ago.
LIKE shame-faced bankers the world over, managers at the Banque du Liban, Lebanon’s central bank, have had to admit that their initial figures for last year were wrong. But while number crunchers elsewhere [...]
Jobs Galore in Lebanon
Great news, right? Except they’re not for Lebanese:
Thousands of jobs in Lebanon are already awaiting Filipino professional workers.
The leader of a Philippine-Lebanese group said their country is now in need of Filipino workers to fill up vacancies on hotel, construction and other sectors.
Are we really in need? Do we not have enough skilled workers? The [...]
