Economic reports indicate that the Lebanese Industry Production is down by 24% in the month of June 09.
Toufic Asmar of Lebanon has successfully produced a new tractor for agricultural usage that operated on Solar Power. Asmar's pioneering of this Eco-riendly machine was financed by Lebanon, England, Poland, Morocco, Jordan and Italy.
A schism has surfaced within the Majority between Warlord Samir Jaajaa and his ally PM Designate Saad Hariri over the governmental seats of power.
A schism has also surfaced within the Minority between Warlords Nabih Berri and Michel Aoun for the same reason: Power Control!
Samir Jaajaa has threatened Hariri of boycotting the cabinet if he does not get the Power he is asking for.
As it appears publicly and as a long term strategy over the next 3 to 5 years, both warlords Samir Jaajaa and Mishel Aoun are being slowly but surely pushed aside as so-called Christian leaders and are being replaced by Feudal Lords Sleiman Franjieh and Sami Gemayel.
The street (non-official) exchange rate of the Lebanese pound to the US dollar has seen a dramatic upward move in favor of the pound over the past few days. The rate has changed from 1,515 pounds to the dollar down to 1,495.