Has your lifestyle changed yet?
Has this downturn haunted your lifestyle yet? If so please explain and give examples of how you deal with it - might help other people who face similar situations.
View ArticleIndividual contributions to the general economy.
In the face of the economic situation at the moment I have decided to do the following; Weekly grocery shopping; Something I have lost sight of over the last few years is to buy Irish where you can....
View ArticleThe False God of Irish Education
I have to say that I am a bit bemused by all those people who accept without question that the Celtic Tiger was in large part spawned by our glorious education system. Personally, I think this is...
View ArticleWhat's left after the Boom went Bust ? The Decline of the West and the Rise...
This topic was split from the 'Urgent Call to Stop Anglo Nationalisation' thread. As Squire has said on numerous occasions, the West and East are in a re-balancing act in terms of economics,...
View ArticleSavings Accounts
Any financial gurus here? I have 5,400 in a Post Office Savings Bond which will mature this week. The Post Office offer me several reinvestment options. I can reinvest the sum into another Savings...
View ArticleUnions, Minimum wage and Jobs
This is a big blob of the economy I cannot ever get my head completely around. I have a notion that minimum wage is a bad idea for any economy, yet I have no basis for that notion. I always feel unions...
View ArticleIreland's Progressive Income Tax Regime
Link - Sunday Business Post - Tax is too dependent on very high earners "....Statistics from the Revenue Commissioners show that, contrary to some assertions, Irish income tax is highly progressive....
View ArticleLiechtenstein on the Liffey
Another excellent article in the Guardian Series as previously mentioned by Cactus http://www.guardian.co.uk/business/2009/feb/10/ireland-tax-gap-staff-levels Quote : The latest ploy by big businesses...
View ArticleAre high salaries necessary to attract the best people?
At Audi's suggestion and following on from Squire's observation here I wonder what is the view of contributors to the oft repeated line that our politicians and bankers must receive their enormous...
View ArticleFurious INTO teachers meeting this evening
500 INTO teachers decide to act - unanimously:http://www.indymedia.ie/article/91081&comment_limit=0&condense_comments=false#comment245502
View ArticleHow much is a trillion dollars?
I found this a very useful video to put it all into perspective. It's a slow starter but worth hanging in there. It certainly didn't help me sleep last night. Talking of sleeping, is anyone else...
View ArticleLooking for some friendly advice.......
I'm selling my house at the moment. I have it on the market for about 5 weeks now and have only had one solitary visit. Its a nice house(I think) but with prices falling so fast I'm not sure if I'm...
View ArticleCash and collateral: IL&P, ILA, TSB - a question
http://www.irishtimes.com/newspaper/breaking/2009/0213/breaking12.html?via=rel The explanation of what happened at IL&P is a puzzle to me as I do not have expertise in finance. I suspect I would be...
View ArticleThe 7bn Recapitalisation of BOI and AIB / BOI's bad debts may go from 3.8 to...
tags: will it go ahead and is it enough I'm sure there's great reason for the recapitalisation of these institutions and perhaps they're cheap at that but I wouldn't mind knowing if this couldn't be...
View ArticleWhy bankers have no choice but to pay themselves massive salaries
There's nothing we can do about it. It's a contractual matter, see? We'd love to, we really would, but our hands are tied, sorry!...
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About money
Hello How money is created in your country ? Is your money "Euro" or something else ?
View ArticleFormer Chief Economist at the IMF says G7 Must save Ireland
Simon Johnson wrote: European CDS have been relatively stable - albeit at dangerously high levels - for the past month or so. But now Ireland has moved up sharply. My point today is simple: A key...
View ArticleMorgan Kelly - Bank guarantee likely to deal a crippling blow to the economy
tag: Our Zombie Nation and Zombie Banks Zhou linked this piece by Morgan Kelly to another thread here. I think it deserves a thread. Things are going to get much worse 'The liability guarantee leaves...
View ArticleSurviving economic collapse: the Russian model
This is a great piece by the hugely popular blogger Dmitry Orlov of 'Cluborlov' fame. It's the transcript of a talk he gave two days ago in the US in which he explains why he thinks Russian society...
View ArticleUllick McEvaddey and Joe Higgins - Opening Salvoes of A Big Debate
Ullick McEvaddey's interview on the Pat Kenny show today seems to have flabbergasted people. The Anglo Irish Bank is an icon, that created the Celtic Tiger, the ten who made the loans to Anglo Irish...
View ArticleCopper Shortage - another Resource at its Limits ?
http://www.breakingnews.ie/World/mhqlmhojsnkf/ This is a fascinating report from Australia - the country is being stripped out of copper for scrap. An enormous Henry Moore bronze sculpture was nicked...
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The Lovely Bank Graph Thread
Luckily I had a graph of Anglo saved from last week - the share trading data isn't there now - not in visual format anyway. What happened in July that they all got little bellybuttons ?
View ArticleIL&P Gave Anglo Irish a Year End Digout
Breaking News from RTE Quote : Government appointed directors in Anglo Irish Bank are investigating a deposit of billions of euro by Irish Life & Permanent in Anglo Irish bank before the end of its...
View ArticleIs Ireland about to become a fully-fledged tax haven?
Reading stories this one certainly makes one think so. Shire, UBM and many others must be getting ready to make the switch to Ireland and take advantage of our lower and simpler tax rates. What do the...
View ArticleMichael O'Leary extracting the urine, myrine everyone's ine - Ryanair might...
Is it a good idea or is he pulling the pi$$. I won't pay unless I know my pee is going to a compost heap somewhere http://www.iht.com/articles/reuters/2009/02/27/business/OUKBS-UK-RYANAIR-TOILET.php...
View ArticleWaterford Glass Closed - Occupied by Workers
Waterford Glass was to be closed today with loss of 480 jobs with no notice - it has been occupied by workers. There is some news on RTE television. I support this occupation. Manufacturing at the...
View ArticleIf the IMF cometh
Once you accept that profit and greed practiced on a mass scale create the greatest possible benefits for any society, pretty much any act of personal enrichment can be justified as a contribution to...
View ArticleThe Flight to Gold
In times of war or economic collapse, there is a "flight to gold" which is perceived to hold exchangeable value when paper has become worthless. In the present situation there is the clear possibility...
View ArticleThe Irish Banking Bother: /Anglo 10 /Gardaí raid Anglo offices/ AIB '08...
http://www.rte.ie/business/2009/0217/inbs.html The bank stories are all starting to blend and blur and melt into one. Please put any further Anglo/Irish Nationwide/IL&P info in here unless you want...
View ArticleThe Lovely Graph Thread
This place needs to get less scriptural and more visual! I've started this thread so people can post up their favourite economic graphs and charts. One of mine is the following real GDP growth chart...
View ArticleMN Tea Leaves:
tags: Reinhardt Financial Catastrophe Predicted for Feb. 9th/13th Dow to hit new low (c. 6000) in next 14 days. 15/02/09 Youtuber Mike has been following the predictions of an online guru, Reinhardt, 2...
View ArticleCredit Unions - The Future for Banking in Ireland ?
Are Credit Unions the banking model that people, rather than bankers, want? The differences between banks and credit unions are that Credit unions are owned by all their members. One Member One Vote....
View ArticleUnspeakable, vile attack on children with special educational needs
This makes me feel violent:http://www.irishtimes.com/newspaper/breaking/2009/0211/breaking31.htm
View ArticleChurches host Conference on Ethical Investing
Couldn't make it myself because busy studying but my congregation has a role in its organisation so I will seek to get a report on the conference later in the week, perhaps with some resources if that...
View ArticleWeek in Politics - the Green Party Convention in Wexford
tags: Recapitalisation (Lenihan) and Health (Harney) wage cuts, the social partners anglo reports price waterhouse coopers Apart from anything else it strikes me as odd the way this programme is being...
View ArticleNationalisation Watch / Govt. rethinking 3.5 billion bailout for the banks?
tags: "May have Shored up Share Price" Anglo Irish Bank Nationalised The Government, early this morning, moved to guarantee all deposits and loans in every major Irish bank for a two year period....
View ArticleTeachers Strike - From Each According to their Means
The teachers have voted to strike against the way that they say Government has unfairly handled the economic crisis. The demand that the burden of the crisis should be shared by all sectors of society...
View ArticleMini-Budget Thread - Your Suggestions Please
Opening this thread just for your suggestions as to what should be cut/taxed and what should be spared/increased. Please keep strictly on topic as we have some other threads for general economic...
View ArticleMadoff looking at 150 years.
One can criticise the US for a variety of things but when it comes to actually enforcing the law, nobody is sacred. Martha, Stewart, Leona Helmsley, Ivan Boesky, Michael Milken and now Bernie Madoff...
View ArticleRegulation past and future
There's regulatory reform getting talked about now here and elsewhere, perhaps after the horse has bolted, and the Americans are lamenting somewhat about repealing the Glass-Steagall Act in 1999 -...
View ArticleProperty Crash Stories: Disputes, Distress and Disasters
Quote : Cab investigating cases of 'builder bailout fraud' THE CRIMINAL Assets Bureau (Cab) is investigating a number of cases where builders have paid fraudsters to purchase properties from them at...
View ArticleRecession shopping
Thought it would be helpful to start a thread on good value/low prices we've found in shops, as well as the various special offers that are emerging to draw people in to part with their money. I've...
View ArticleThe Great International Depression of 2008 & Beyond /
tags: GD2 Credit Crunch Financial Crisis California ious UK rescue package bailouts UK Reform Plan Germany agrees on 50bn stimulus package UK officially in recession - 23rd Jan. 09 Davos 2009...
View ArticlePrinting money
tags : UK quantitative easing bank of england So it was on the news this morning about Britain's plans to print money to pump into the economy. Can someone tell me, is currency subject to the general...
View ArticleThe Current Spending and National Development Plan Cuts - Baby versus Bathwater
The National Development Plan will not be implemented on time and in full due to reduced tax receipts. Breakingnews.ie said today: The Taoiseach Brian Cowen has said the Government will do its best to...
View ArticleGerman Manufacturing in Freefall
Financial Times today reports that German Manufacturing fell by 8 percent in January. The quarterly result for the last quarter of 2008 was the worst result since German reunification and the latest...
View ArticleThe IMF cometh II
Since I posted the initial comments on this, it has probably become clear that yes, indeed, the IMF is coming, and the only issue remaining is whether that was intended all along. Consider; this govt...
View ArticleIdeas for Irish Economic Recovery
The purpose of this thread is for people to list any specific solutions they may have for the economic woes and future problems that beset us. Please don't comment on or critique other people's ideas....
View ArticleJobs and Unemployment Watch - Unemployment 7.7 % and Rising - 450 headline...
http://www.finfacts.ie/irishfinancenews/article_1015178.shtml Not good figures - however there are still many more people working than 10 years ago, and there are 200 jobs coming to Carlow. This thread...
View ArticleThe 2008 Sunday Times Rich List / Forbes billionaires 2009
This is an annual event for myself, I look forward to looking through the next one all through the year. It'll be in this Sunday's paper, so I thought I'd start the thread now while I'm thinking about...
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