I’m watching MTV right now and they are interviewing 2 guys from the Jounieh Pubs committee discussing the world record they’re trying break for the longest bar in the world. Anyway they were talking about the benefits of having a committee for the pubs in Jounieh and one of the things they’re proud of is that they’ve all agreed to unify prices… price fixing. In most parts of the world that would be considered illegal and yet here the guy was proudly admitting to it on TV. Here is the definition of price fixing on Wikipedia:
Price fixing is an agreement between participants on the same side in a market to buy or sell a product, service, or commodity only at a fixed price, or maintain the market conditions such that the price is maintained at a given level by controlling supply and demand. The group of market makers involved in price fixing is sometimes referred to as a cartel.
The intent of price fixing may be to push the price of a product as high as possible, leading to profits for all sellers but may also have the goal to fix, peg, discount, or stabilize prices. The defining characteristic of price fixing is any agreement regarding price, whether expressed or implied.
Price fixing requires a conspiracy between sellers or buyers. The purpose is to coordinate pricing for mutual benefit of the traders.
That’s not cool.
Too bad I’m not in Lebanon. [YouTube]
One of my favorites places to eat while I’m in Lebanon is Mother. It’s a small restaurant located in the old souk of Byblos and I actually first found out about them after reading about them in the New York Times.
It’s not just one thing about the place thats good but it’s a combination of many things. First they have a pretty good variety of dishes on their menu without it being huge. It’s also the kind of menu where if you shut your eyes and randomly pointed at a dish you couldn’t go wrong with. They also have this amazing goat cheese salad which is by far one of the best salads I’ve ever had anywhere. For the main course depending what day of the week you visit they usually have a special being grilled. I always end up with a steak cooked either medium or medium well depending on if anyone is going to be sharing with me.
What sets them apart from all the other places in the old souk is the service. The waiters and waitresses are knowledgeable, friendly and the best I’ve had in Byblos. Price wise they’re not cheap but they’re also not over priced. Appetizers are generally under 20,000LL while main courses are around 35,000-60,000LL. They supposedly have the most incredible Tiramisu as well but since I hate Tiramisu I never got to try it. It’s a good place to take visitors and tourists but if you’re going to pass by on a weekend it’s probably a good idea to reserve a table since they do get pretty busy. For more information you can check out their Facebook page [Here]
Who the hell is this guy? I have a feeling someone or maybe Wasseet themselves come up with those ads just for the fun of it.
Food For The Poor, Inc. is a Christian charity that provides food, health, social, economic, and emergency relief services in 16 countries in Latin America and the Caribbean. The nonprofit organization helps those most in need through feeding, housing, medical assistance, education, water projects, micro-enterprise programs, and emergency relief operations. Food for the Poor was co-founded by Ferdinand Mahfood and his brother, Robin Mahfood, in 1982, which are both of Lebanese descent.
You can’t get a better name than that as CEO of “Food for the Poor” lol!
It is true that internet prices are going to drop in a month time and we will finally have decent speeds, and that we might finally have the long-awaited 3G technology in 2012, but that doesn’t mean â€œLebanon is gonna become one of the most advanced countries in the field of Information Technology and Multimedia Creativity.â€ [DailyStar]
We appreciate all the efforts done by the Ministry of Telecommunications, but let’s stay on earth for a second.
The average Mbps for the top 15 countries in the world is about 6 mbytes while the peak Mbps rates range between 20-25 Mbytes for the leading ten countries. [Stats]
We are still far far away from achieving such rates and our newly announced Internet monthly caps are a joke, so let’s rejoice for now by not being the slowest internet in the world anymore.
PS: There’s no need to bookmark those quotes Mustapha, as if this were ever to happen, we won’t be alive to witness it.
It is quite sad how setting stupid Guinness records gets more coverage in Lebanon than having for the first time ever a swimmer in the Olympic Games.
Lebanese swimmer Katya Bachrouche has secured a spot at the next Olympic Games in London in 2012 after setting a new record in the 400-meter freestyle event for Lebanon, a first in the countryâ€™s history. [Article]
Mabrouk for Katya and for Lebanon!
Knowing that she doesn’t live or study in Lebanon, you can read more about Katya [Here].
PS: I hope the government is financing her trip, not letting her go on her own expenses like they always do.
PS2: Chahe emailed me that the Olympics are in 2012, not 2011. It seems the Daily Star got the date wrong unless there’s some pre-Olympics qualifying round a year earlier.
My Dad’s reaction: “3 million people without electricity since this morning??? Oh my god! what a tragedy. Pfft, we haven’t had electricity here since I was a teenager!”