Author Archives: Thomas Schellen

Keep the spirit of this revolution

Keep the spirit of this revolution

Reading Time: 3 minutes Constitutions are serious stuff. The one that I grew up under is known as the Grundgesetz—the fundamental law of Germany. In its first line, this constitution declares that the dignity of the human being is inviolable and that the state has to honor and protect it. Back at the time of this constitution’s drafting 70

Houmal Technology Park

Reading Time: 5 minutes Houmal Technology Park (HTP) can be an example of tech manufacture and fruitful entrepreneurialism. Export orientation of tech companies can be realized independently from the Lebanese entrepreneurship ecosystem that relies on Circular 331. First-mover disadvantages of pioneering tech companies need to be compensated by state and municipal partners for creation of productive clusters. Risks pertaining

Entrepreneurship in times of systemic change

Reading Time: 9 minutes October 2019 events have hallmarks of systemic shocks. Risks are unfathomable and early economic impact evaluations are necessarily inadequate. The future may depend on extraordinary courage, discipline, and daring visions. Entrepreneurship has the potential to be a key ingredient in building national prosperity. These are times when a discussion of entrepreneurship—Executive’s traditional focus in the

A perspective on the solutions offered in last-ditch efforts of old government

Reading Time: 8 minutes The government’s economic rescue plan has been rendered theoretical. The political context of its presentation reveals real dimension of governance failings in the past two years. Analysis of the plan’s composition shows it to be disparate and desperate. Economic reality will require huge efforts beyond the scope of the last plan. What to do with

Eugene Kaspersky on how to protect industry in the IoT age

Reading Time: 14 minutes On his first visit to Lebanon, Russian cybersecurity magnate Eugene Kaspersky divided his time between discussions with ministries, long-time banking clients, and visits to the country’s famed archeological sites. In between, he took time to sit down with a few media entities. In an interview that was arranged as a joint meeting of Kaspersky with

Lebanon is finally seeking to leapfrog into digitally empowered spheres

Reading Time: 10 minutes It may be Lebanon’s best bet for a long-term economic future. This underused economic resource has been idling for over 20 years. It is not of fossil origin or other conventional finite resource. Built entirely on the strength of human ingenuity and collaboration, this resource now appears ready for another attempt at making it in

Book review: Aftermath, Seven Secrets of Wealth Preservation in the Coming Chaos

Reading Time: 3 minutes American economic writer James Rickards has delivered his fourth book on dystopian economics in a series that started in 2011 with the publication of The Currency Wars. Aftermath, released in July, promises to fortify readers for coming economic and societal chaos with not-so-esoteric economic knowledge of seven secrets of wealth preservation.  The author presumes that

Currencies, bonds, gold, and emerging assets

Reading Time: 9 minutes The mundane reality of human wealth advisories is keeping investors in the purgatories of risk. Thus, it seems proper for the investor to track the evolutions of asset classes in a world where comprehensive wealth narratives begin with traditional asset classes—gold, bonds, and cash—and also venture into non-traditional stories of investing in infrastructure, entrepreneurship, and

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