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Barley Living Paycheck-to-Paycheck

Most Lebanese live paycheck to paycheck and our government isn’t far behind. Take a look at electricity supplies during the winter. How many times do we hear the same story: “ship carrying fuel cannot dock due to sea conditions, therefore we need to...

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...

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....

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...