Category Archives: Information

Lebanon Among The Top 20 Countries With The Largest Flows Of Remittance Payments From The U.S.

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Migrants to the United States are responsible for sending almost a quarter of the global total of intentional remittances. While the countries with the biggest flows are Mexico, India and China, Lebanon is in 14th position and sent over 1.5 Billion Dollars in the year 2012.

The map was done by Pew Research Center based on data from the World Bank.

Read the full article [Here].

u.s. 2012 remittances table
[Source]

Lebanese Economist Rand Ghayad’s Research On Long-Term Unemployment

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Rand Ghayad is a Lebanese Economist who will shortly be receiving his Ph.D. in economics from Northeastern University. He published a paper back in 2012, along with his doc­toral adviser William Dickens, which offered a new take on long-term unemployment and found that “the long-​​term unem­ployed were qual­i­fied for jobs but were ranking lower than other poten­tial can­di­dates because of the length of time they had been out of the workforce”.

Rand’s paper was described by the Atlantic Post as “pioneering”, and was cited recently by US Senator Rand Paul, to which Ghayad responded. More importantly, this new theory on unemployment has caught the attention of US president Barack Obama who invited Ghayad to attend a meeting by Gene Sperling, Obama’s National Economics adviser.

For those interested in economics and the topic of unmeployment, here’s a [Link] to Ghayyad and Dickens’ paper, which was originally written for the Fed­eral Reserve Bank of Boston.

The Lebanon Mountain Trail 6th Annual Walk From Marjayoun To Anqet

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For those interested, you can check out the calendar and all the information needed [Here].

The Lebanon Mountain Trail (LMT) is a long-distance hiking trail in Lebanon. It extends from Qbaiyat in the north of Lebanon to Marjaayoun in the south, a 440 km path that transects more than 75 towns and villages at altitudes ranging from 600 to 2,000 meters above sea level. The LMT aims to showcase the natural beauty and cultural wealth of Lebanon’s mountains and to demonstrate the determination of the people of Lebanon to conserve their heritage. [LebanonTrail]

Lebanese-Brazilian Driver Felipe Nasr To Drive For Williams At The Bahrain F1 GP

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Williams has confirmed today the signing of Felipe Nasr as its official reserver and test driver behind its drivers Felipe Massa and Valtteria Bottas. Nasr will partake in five free practice sessions during the 2014 seasons. Felipe Nasr is a Brazilian of Lebanese descent.

Here’s what Frank Williams had to say about him:

Added team principal Frank Williams, “Felipe has a strong record of success in his career so far, and we’ve watched closely for a while. We have a history in Williams to bring new talent and give them a chance to show what they can do on the biggest stage in the world. When driving in FP1 five sessions this season, Felipe will have the perfect opportunity to show his skills, and I am confident he will be a strong addition to our squad of pilots.”

Update: Here’s Nasr’s comments after FP1.