Letter Requesting Donation for School
Our Lady of the Tower School, Deir El Ahmar — atiejelmouallem.com
Our school “Lady of the Tower School for the Sisters of the Holy Family” is located in Bekaa- Lebanon in the district of Deir El Ahmar. It is on the main road between Btedhi and Chlifa. Its ultimate goal is our children’s spiritual and educational lives.
From 1932 till now, our school still taking care of poor children, but due to the economic circumstances in Lebanon in general, and in our school in particular, we require your generous attention in the form of donation. Your donation and help can bring a smile to thousands of faces by helping them to achieve a good life and to continue their learning in our school.
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Saudi Arabian Hospitality Firms Weigh $2.4 Billion Merger – Bloomberg — www.bloomberg.com
Highlights:
– Taiba Investment Co. and Dur Hospitality Co. are in talks to combine their businesses, potentially forming a company with a market value of about $2.4 billion in Saudi Arabia’s real estate, hospitality and investment industry.
– Taiba and Dur said the discussions are preliminary and may not lead to a combination.
– The Public Investment Fund holds stakes in both companies and is part of a push to get firms to combine, creating bigger and more efficient entities.
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Entrepreneur defies Lebanon’s crises with tech hub | Business , Local | THE DAILY STAR — www.dailystar.com.lb
Highlights:
– The entrepreneur’s company, MultiLane, produces testing and measurement equipment for data centre infrastructure, and its international clients include Microsoft, Apple, and Google.
– Everything is conceived, designed and built out of Lebanon,” said Daou.
– Daou has had to overcome numerous challenges, for example building his own solar power supply so as not to rely on the state electricity grid. He manages to export his products successfully.
– Global technology companies “select and choose to work with Lebanon knowing that Lebanon is a high-risk country, so we have to offer twice as much in terms of value proposition, in terms of innovation, time to market. We have to work harder,” he said.
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Living at AlJurf
Find Out More About Living at AlJurf
AlJurf Gardens harnesses nature’s raw beauty and combines it with refined heritage-inspired architecture and contemporary design to present a sanctuary of wellness and calm. Throughout the villa spaces, the refined and controlled raw beauty of nature is repeated in different scales, to showcase its exquisiteness across every typology of homes, gardens and courtyards.
Inquire here.
Crypto, Meme Stocks: Michael Burry Warns About ‘Mother of All Crashes’ – Bloomberg — www.bloomberg.com
Highlights:
– Michael Burry, who became a household name after his winning bet against mortgages was featured in “The Big Short,” issued a series of tweets on Thursday warning individual investors about losses “the size of countries” in the event of crypto and meme-stock declines.
– All hype/speculation is doing is drawing in retail before the mother of all crashes,” Burry wrote on Twitter before the posts were deleted. “When crypto falls from trillions, or meme stocks fall from tens of billions, #MainStreet losses will approach the size of countries. History ain’t changed.”
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Meme Stocks Like GameStop and AMC Aren’t New, But Their Fans Are – Bloomberg — www.bloomberg.com
Highlights:
– Trading apps offering zero commissions and fractional shares have opened markets to everyone, no matter how humble their savings. Armed with those new tools, ordinary investors are meeting online to pool their money and take on hedge funds that bet against companies like GameStop or lift the fortunes of beleaguered businesses like AMC.
– Get used to meme stocks because they’re not going away.
– What’s new is that the power to move markets once reserved for Wall Street is now in the hands of anyone with a dollar and a smartphone.
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Xi Jinping Picks Top Lieutenant to Lead China’s Chip Battle Against U.S. — www.bloomberg.com
Highlights:
– Liu He, Xi’s economic czar whose sprawling portfolio spans trade to finance and technology, has been tapped to spearhead the development of so-called third-generation chip development and capabilities and is leading the formulation of a series of financial and policy supports for the technology.
– China is the world’s largest user of chips, so supply chain security is of high priority,” said Gu Wenjun, chief analyst at research firm ICwise.
– About a trillion dollars of government funding have been set aside under the technology initiative, part of which will be used by central and local governments to jointly invest in a series of third-generation chip projects.
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The Coming Solar-Panel Crisis Could Be Less About Price and More About Xinjiang – Bloomberg — www.bloomberg.com
Highlights:
– Panel modules that cost $1,870 per kilowatt in 2010 were changing hands for $163 per kW last year, turning photovoltaic, or PV, power from an expensive curiosity into a technology that’s remaking the energy system.
– That trend has come juddering to a halt in recent months. The price of panel modules is up nearly 15% so far this quarter.
– Raw materials are to blame. Prices for polysilicon, the shiny, semi-metallic substance from which both solar panels and computer chips are made, have been surging.
– At $29.41 a kilogram, PV-grade polysilicon is now as expensive as it’s been since 2012, and costs nearly three times its $10.57/kilogram price at the end of last year.
– The good news is that a vast amount of polysilicon capacity is due to hit the market over the coming years. Supply by Chinese manufacturers will increase by about 76% through 2023.
– There’s one problem with that rosy prospect. About a third of the new capacity will be in Xinjiang, China’s vast western region where the Uyghurs and other Muslim minority groups have been victimized.
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America Should Become a Nation of Renters – Bloomberg
Highlights:
– A nation of renters is not something to fear. In fact, it’s the opposite.
– Slowly but surely, most Americans’ single biggest asset — their home — is becoming more liquid. Call it the liquefaction of the U.S. housing market.
– Financialization had changed the housing market forever. Houses are now more prone to be priced high relative to rents and to see their prices fluctuate with the market. The very features that made the home buying an affordable and stable investment are coming to an end.
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