by Donna-Abu-Nasr — bloomberg –– Lebanon’s caretaker economy minister said there are no plans to restructure debt after the finance minister was quoted as …

by aawsat.com — Lebanese parliament Speaker Nabih Berri proposed on Wednesday the postponement of the upcoming Arab League economic summit in Beirut …

However, economic problems are also linked with the country’s electricity quality, for Lebanon stands as the “world’s fourth-worst quality of electricity”, as a fellow associate from the “Chatham House”, Nadim Shehadi, said: “Electricity in Lebanon is just more expensive, but everyone has 24-hour electricity if they can afford it”. “If you measure electricity supply by state provision then it’s the worst in the world, but if you measure it by what’s available to people, it’s not so bad. There are sometimes indicators that have to take into account the fact that Lebanon is a mixture of private sector, illegal activity and government sector, and sometimes illegal activity compensates for the government sector.”

by Terence Mills,  forbes.com -- The singularity is near, or maybe we're already in it. Whatever the case is, machine learning and big data will have a tremendous influence on our society. The machine minds are coming online, and you had better learn to adapt if you want to succeed. But what are big data and machine learning? Keep reading to find out.

Big Data And Machine Learning

Computers have certain capacities. They have a memory to store information. They have computational power, with some machines performing more "flops" per second than others. What happens when these machines face such a large amount of data that traditional techniques of analysis start to fail? That's the world of big data, and it's a world we're living in now.

The Last Polymath

Thomas Young was a physicist who lived from 1773-1829 in London. According to Andrew Robinson in his book The Last Man Who Knew Everything, Young was the world's last true polymath. You might be a smart person, but we know in our modern world that you have to be a specialist to survive. No one is a jack-of-all-trades anymore.The world has become too complex for humans to even try to know everything. That's what big data is: It's the realization that there exist piles of data where traditional human methods of analysis fail. The world is too complicated for the human mind to make sense of every part of it. This presents a serious challenge and a tremendous opportunity for enterprising people who can apply automate techniques to help solve problems. A simple example is the stock market. You can look at all sorts of information about the stock market, and once in a while you might come up with a good trade, but you can't possibly keep up with computerized trading platforms that execute thousands of trades per second. It's just too much information for your mind to process. You need a computerized solution to take in all the information that is relevant to the problem.

Why Is Machine Learning Important?