The Union Coordinating Committee (UCC) held a protest on Saturday outside the VAT building to protest the failure in referring the series of ranks and salaries to the Parliament. President of the Schools Teachers Union Nehme Mahfoud announced that all schools will be closed as of Monday morning
Speaker Boehner’s plan to avert ‘fiscal cliff’ fails
US House Speaker John Boehner was handed a stunning defeat late Thursday by members of his own party who refused to support his “Plan B” to avoid the year-end “fiscal cliff” that threatens to send the economy in to a recession.
Obama seeks Twitter help on ‘fiscal cliff’
US President Barack Obama’s campaign for his “fiscal cliff” plan includes the Twitter-verse. The White House has set up a new Twitter hashtag: “My2K,” a reference to the extra $2,200 in taxes it says the average family will pay if all the George W. Bush-era tax cuts expire at the end of the year.
Iran may not be able to print enough Rials
Western economic sanctions imposed on Iran over its disputed nuclear program have severely depressed the value of its national currency, the rial, causing higher inflation and forcing Iranians to carry ever-fatter wads of banknotes to buy everyday items. But the sanctions also have presented a new complication to Iran’s banking authorities: they may not be […]
Lebanon labor Union calls for a strike on May 3
The head of the General Labor Confederation ( GLC) Ghassan Ghosn called Tuesday for a general strike to take place on May 3 by the public and private sectors and warned the government against its “policies of impoverishment.”
Lebanon imposes new taxes on auto license plates with few digits
The Lebanese cabinet agreed on Friday to impose LL500,000 ($333 ) tax on auto license plates with three digits and LL250,000($117) on four-digit plates in a move aimed at generating LL14 billion ($9.33 million).
An upside down Taxing system
By Ghassan Karam
It is well known that the market fails to deliver on its promises of efficiency for many reasons such as the predominance of negative externalities;
Lebanese Decadence?
By Ghassan Karam
It has often been said that the clearest image of the values and mores of a country can best be seen in the way that it treats its poor.