Waah, waah, waah. The cries from the media (and many of the assembled public) that nobody told them there was anything wrong with the economy are becoming annoying now. They were told – but they chose to ignore the warnings. Two years ago, in January 2007 (yes, despite the media’s insistence that nobody said anything [...]
February 8th, 2009 at
11:51 in
Politics (Ireland) | tags:
2007,
banking crisis,
economic crisis,
fianna fáil,
finance,
journalism,
journalists,
labour party,
media,
pat rabbitte,
RTÉ,
ruairi quinn,
the irish times |
No Comments
Well, I did. Budget 2009 seems like a long time ago. Things have gotten a hell of a lot worse since then. But all the warning signs were there, and the Government’s failure to address them has been astonishing. Still, in February, they’re only talking about doing something. As I said back in October, what [...]
February 2nd, 2009 at
14:20 in
Politics (Ireland) | tags:
bord na gcon,
brian lenihan,
brussels,
budget,
denmark,
department of finance,
economic slowdown,
economics,
economy,
fear,
finance,
greece,
ibec,
ictu,
ireland,
pain,
prsi,
social partners |
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So, Budget 2009 has come and gone (at least until next week, when Brian Lenihan starts reversing decisions, and March, when he needs a mini-Budget because all the income predictions are wildly optimistic). But where’s the plan? Why is there no articulation of how this Budget, and the two or three to follow, will bring [...]
October 19th, 2008 at
12:50 in
Politics (Ireland) | tags:
brian lenihan,
budget 2009,
counter-cyclical,
downturn,
economic growth,
economic slowdown,
finance,
labour party,
mini-budget,
ministers of state,
pro-cyclical,
public finances,
spending cuts,
super budget,
tax loopholes |
2 Comments
A great bit of advice from Vitis in today’s Business & Finance: If you had purchased £1,000 of Northern Rock shares one year ago, it would now be worth £4.95. With HBOS earlier this week, your £1,000 would have been worth £16.50; £1000 invested in XL Leisure would now be worth less than £5. However, [...]
September 26th, 2008 at
09:51 in
Random Rocks | tags:
alcohol,
business & finance,
economics,
finance,
hbos,
investment,
northern rock,
tennants,
vitis,
xl leisure |
No Comments
via the PES website: The failures of global finance are really getting bad now – from collapses and bailouts to pensions, jobs and the threat of recession. I just signed an urgent petition to fix the basic causes of this crisis at the link below. It’s about to be delivered to European leaders, but to [...]
