A man counts US dollar banknotes next to Lebanese pounds at a currency exchange shop in Beirut, Lebanon. Reuters
Lebanon is facing an unprecedented crisis. The economy has sunk to its lowest. The Lebanese lira is going for 3,900 for a US dollar. In the black market it has reached the absurdly phenomenal level of 18,000 Lebanese lira for a US dollar. The World Bank has described it as one
Lebanon’s plight is not just piteous but shocking, to say the least. The reported wrangling among the politicians has dealt a body blow to the economy, with the currency losing a disastrous 90 per cent of its value and inflation spiralling sky-high.
As Lebanon sinks lower into financial ruin, foreign banks are cutting ties with the Central Bank, making it difficult for the country to purchase goods and transfer payments from abroad.
Changes of government in the states as a result of defection of groups of legislators or even entire parties have not been unusual in India since Prime Minister Narendra Modi led his Bharatiya Janata Party and its allies to power eight years ago. Needless to say the BJP was usually the major beneficiary of these changes,
It is great news that Saudi Arabia has opened to collect Umrah pilgrimage form from the Ministry of Hajj and Umrah has announced that those who obtain tourist visas and commercial visas will now be allowed to submit papers (“Commercial and tourist visa holders can now perform Umrah,” Gulf Today, Aug.14).
A depressing and pathetic battle is going on in a Los Angeles courtroom to win control of the paltry belongings of the notorious murderer and cult leader Charles Manson. All that is at stake in the dispute over his will are the clothes he owned and maybe two or three guitars — the stuff he had at Corcoran State Prison when
Sometimes you read an article about some project, and it really grabs your attention and brings about a total change in your perspective about how you view the world. The Extreme Ice Survey is one such project, and the documentary, Chasing the Ice, based on this project, is recommended as a must-read and