I walked by the barbers in Dalkey yesterday and for a split second I was back in the mid-1970s. I was once again the little boy with the flaming red hair, short pants and freckles looking up at the kind barber. The boy had a dilemma and the barber was the only person in the whole world who could solve it.
My earliest memories of Castle Street, Dalkey, were Saturday mornings in Dom McClure’s barber shop with my father. Dom cut my grandad’s hair, my dad’s hair and now he was shearing mine.
Most importantly, everyone in Dalkey knew that Dom McClure understood hair and his magic hair oil could turn my red hair black so that no one in school would ever call me rusty, redser or jaffahead again. Dom was not just a barber, he was my saviour and through Dom I would be redeemed. He promised that by the time I was 10, I’d be jet black. I believed him.
As usual, when I peeked into the shop on a Saturday morning, Dom put on his best Scottish accent which he called “Scotch”, gently mocking my grandfather who came from Scotland to Dalkey in the 1920s. According to Dom, both my grandparents had “shocking Scotch accents”.
Back then, Dom had a plank that he’d place carefully across the arms of the barber’s chair so a young fella could sit up and see himself in the yellowed mirror. I loved the barber, the smell of the hair oil, the wireless in the corner, the copies of the Irish Independent and the football talk. I felt like this was my entree into the world of men. And Dom conferred status on me by handing over the huge brush to sweep up the hair.
The barber, like the grocer, the draper and pub were part of the community and this was where people came to chat and keep up-to-date with what was going on in the town. A few doors up from the barber — which is still thriving — my grandfather had a sign-writing shop but he had one fatal flaw as a businessman: he didn’t like asking people for money. He went bust in the 1950s, bequeathing me a life-long affinity with struggling traders.
The spectre of the 1950s is once again haunting the businesses of the town. If any small town loses its shops and businesses, it loses what makes the place special. Over the years, people have moved into Dalkey because of its special atmosphere, because it is a living and working town with a community at its core. This could be lost in this recession.
To see how one closure leads to another, you only have to look at the many English villages and towns where there are actually no shops with the exception of one or two chainstores on the outskirts. It is essential to a town’s life, atmosphere and community that it survives as a trading hub with its own ecosystem. And for that ecosystem to survive, it needs cobblers and chippers as much as it does boutiques and bars.
The ‘Dalkey dilemma’ is valid in any town in Ireland. If the heart of the town is thriving or at least surviving, the community can flourish. But, like many towns in Ireland now, the town and the traders of Dalkey are not thriving. In fact, many are barely staying open. In the past 12 months, 10 local businesses have closed down and some traders are saying they are only months away from closure. In fact, the post office on dole day is the only shop with a queue in it. Last Tuesday, the queue was out the door.
This is what the credit crunch means in reality. Small businesses which are the backbone of our economy are being hammered by the banks tightening credit while costs remain stubbornly high. All the while, we the customers — aware of the dole queues — are keeping our hands in our pockets and postponing spending because, as prices fall, there are better bargains to be had.
But when a small business closes it doesn’t open again in a hurry and something is lost. The lifeblood of any town — whether it is Dalkey or Drogheda, Listowel or Lahinch — is the vibrancy of the local shops. If this goes, the town dies. And towns do die. This happens slowly but the pattern is as follows. One or two businesses go bust and then their premises come up for rent. The empty premises decline, become shoddy and this puts off new players who are worried about passing trade. Rents mightn’t move because the landlords are in trouble and don’t want to admit that they have to mark down the value of their portfolio. The banks get worried and cut back credit. People sense this and a little bit of the town’s spark ebbs away. Unless someone shouts stop, this process can become self-fulfilling.
Last night the traders of Dalkey shouted stop and they held an extraordinary meeting in the town hall of small businesses, shopkeepers, hairdressers, pub owners, restaur- ateurs, butchers, the local guards, the hotelier and even the local bank manager. The organisers expected about a dozen people to turn up — close to a hundred came.
The local traders have decided that there is little point waiting for the recovery; you have to make it happen. If you are concerned about your town and your locality, you have to do something for yourself.
The most exciting aspect of last night’s meeting was the pride everyone had in the place and the absolute intention of not letting one more business go to the wall.
The first part of the local fightback is to try to get a few more locals to spend a bit more in the town rather than spend it elsewhere. It is not about huge gestures, just small things — like maybe a loyalty card for shopping locally. The traders told me that the town was packed during the January snow when local people couldn’t drive to the bigger shops out of the town.
If every day we could get one of these local people who normally head out to one of the big supermarkets to stay and shop locally, the difference would be incremental but enormous. All over Ireland, traders are facing the same problem. How do they stay open first and secondly how do they expand? Most of us realise these dilemmas exist but usually we expect someone else will do something and we wait. Then a shop closes and we comment on its passing but do nothing and don’t see that it is our spending power, however modest, that is the key. Then the next goes to the wall but we don’t act and on it goes until one day the knock comes to your door, the reality comes home to you and you are made redundant and guess what, no one comes to your aid.
To prevent this from happening, it is essential that communities in Ireland come together in the recession. So many towns in our country have so much to offer in terms of festivals, tourism or one-off events. This is the way communities are re-built. I saw the energy in my own home town last night. This can be repeated everywhere all over the country. This is the opportunity in this crisis, the opportunity to come together. Let’s get the ball rolling.
By the way, the hair of the young fella in Dom McClure’s barber never did go black!









Here’s a suggestion that might be worth looking at:
http://proposals.yourcountryyourcall.com/ct/ct_a_view_idea.bix?i=4FCCEF68
No cheque is too big to write says our Brian… He’s even writing them for greece. What a f n joke
http://www.independent.ie/national-news/its-no-joke-were-bailing-out-greeks-with-euro250m-2112558.html
I read “The Richest Man in Babylon”. Slavery was common. People were sold into Slavery when they fell into debt, or committed a crime. Other slaves were born into it.
Every big cheque cowen writes, condemns Irish people to more decades of peonage
This cheque book has to be taken off him now!
He and his cabinet should be made responsible for every cheque they write
The latest revelations are shocking and would be beyond belief but we are living in the PONZI REPUBLIC which has been governed by the LAUREL & HARDY antics of the AHERN/COWEN/LENIHAN axis of inanity.
We are now in an UNPRECEDENTED EMERGENCY. We need legislation to protect the ordinary citizen from gross exploitation. Higher earners are more likely to have benefited from the boom years. Normally, they will be the people with the most to lose if the banking system were to collapse. However, the Government assures them that NAMA will be their salvation.
WE MUST MINIMISE THE COST TO THE GENERAL PUBLIC.
The mandarins at the Department of Finance have even produced forecasts which predict a profit over the 10-year horizon proposed for NAMA. Let the Government ask high earners to shoulder the burden of financing the rescue, and let Ministers lead by example themselves. All earnings in excess of €100,000 should be paid NET in the form of a special category of NAMA bonds to be issued in 25,000 euro units (or fractions thereof where necessary) WITHOUT a State guarantee.
The changeover will happen IMMEDIATELY for senior civil servants and members of the Oireachtas. The expenses of TDs and senators will be paid ONLY in units or fractions of NAMA bonds.
SOCIETY NEED TO SEE THAT THE GOVERNMENT AND CIVIL SERVICE MANDARINS BELIEVE IN THE RESCUE THEY HAVE DEVISED AND WILL PUT THEIR MONEY WHERE THEIR MOUTHS ARE.
Such courageous action by our Government and leading civil servants would mean a ratings upgrade for Ireland and a corresponding reduction in the cost of servicing existing debt and the burden of tax on us all. Failure on their part will have corresponding long-term negative consequences. Will one of the Brians please show true leadership skills?
The Bonds will be used also to pay and INCENTIVISE our bankers. Banking executives, active or retired, would be remunerated in Bonds for amounts over 100,000 euros and would also receive bonus amounts in these bonds or fractions thereof. Legislation will be brought forward to ensure that executive bonus payments made in the past 6 years will be converted to Bonds and that pension “Honeypots” acquired by retired banking executives will be converted. Whether or not a market can be successfully established in the Bonds is a question which must be subordinated to the needs of the EMERGENCY.
People will need to reflect also on the fact that, to date, every household in Ireland has contributed circa 11,000 euros for the bank bailout PLUS as yet unspecified thousands (10,000 euros per household from the vaults of the Central Bank provided as a secret loan to Anglo) plus many tens of thousands per household as future bailout funding for all the covered institutions. Most of that money provided to date will have come from the National Pension Reserve Fund which will need to be replenished. (This latter fact means that public servants have to accept that THEIR PENSIONS ARE NO LONGER GUARANTEED for the period post 2025.)
I believe there is a case for issuing bonds to all households for such magnanimous generosity. Another category of bonds could be issued to compensate householders and enable them to make certain restricted payments or part-payments with these category B bonds, eg, 50% settlement of fees for professional services, 50% of College fees, etc.
A FREEZE ON UPWARD PRICE MOVEMENTS WILL OPERATE THROUGHOUT THE EMERGENCY
High earners will hold on to their bonds till maturity in 10 years’ time with the coupons “rolling up” in the same way as the interest on property loans.
Any flaws in the system will be resolved to the advantage of society at large and not for the benefit of a sectional interest.
Tony Murphy. This has gone completely absurd. Our government is committing 250 Million Euro to covering up the fudging that they Greeks are doing, so as to prevent any question marks being made too large, concerning Ireland’s solvency. (“To safeguard our international reputation”).
We don’t have the money. So, Ireland will borrow money from somewhere, and loan it to the EU, who will loan it to the Greeks.
Sounds like an international Ponzi scheme.
A spokesman for the Chinese Finance Minsitry has said that Greece is broke. (So as to prevent China lending to the Greeks). The Russians will lend to the Greeks, but don’t expect the Russians to be at a loss as a result-membership of NATO will have to end, and concessions for Gazprom will begin).
It will get even funnier when the Spanish government has to try to find Spain’s share of the bailout, given that Madris has enough currency for five months of imports, at any one time.
The Netherlands Parlaiment will not provide any money for bailing out the PIGS. And the Germans likewise. Sot this is a ‘phantom’ bailout. A bailout with no money. I mean money is fairly essential to any bailout.
The problem is that the STUPID PIGS are all in the same position, with regard to being able to tell the truth about economics, ponzi-economics, cost competitiveness, political patronage, and leveraging. They all have to believe their own lies, when the same lies are being peddled by other liars.
At some stage the bond market will go down, and then jokers like Cowen, Brown, Berlosconi, Zapatero, etc.. will be found out.
Correction
{ Madris has enough currency for five weeks of imports, at any one time. }
David begins at 27:50. ‘Ghost Town’ by The Specials. Coventry sure ain’t anything like genteel Dalkey / Bray! I went to Bray as a little boy, my aunts’ family had a cottage near the beach. Sweet.
Keynesian ‘paradox of thrift’ and the ‘virtuous / vice credit / debt’ cycle around 35:00 minutes.
In order to re-energise and restore Dalkey or anywhere else, you have to bring back ‘money’ energy and its’ attendant power.
If you relocalise significant employment, around the town it will start it all in motion.
Employment will only relocalise on cost basis, so this needs the next gen broadband rollout and also needs park & ride facilities to allow Dalkey to have mass lunchtime traffic.
Instead of commuting to the IFSC, the rich and poweful will jump ship and set up shop in places like Dalkey.
Ground floor: Local Baker and Artisan local cheeses,etc. Second Floor: Coffee House. Third Floor: Hedge Fund. lol!
Maybe David can entice some of Dublins’ previously Big Swinging Dick financiers to bring their currently limp appendages to ‘set up shop’ in the disused attics of Dalkey’s shop and other historic buildings. Everyone in those dogbox flats can just commute out to Dalkey on the bus! [laughs]
Unfortunately, if that was ‘allowed’ to happen, larger parts of the retail park network / I.F.S.C would also have to go into the NAMA skip, so the ‘suits’ won’t grant any planning permission to any enterprise that’s likely to threaten the status quo. Angela Merkel won’t allow the Dalkey Punt to gain traction.
Transition Towns started in Kinsale before Rob Hopkins took it the next stage in Totnes.
http://www.urbanitebaltimore.com/sub.cfm?ArticleID=1032&IssueID=64&SectionID=4
A blend of hi-tech next wave Singularity innovation businesses and Collapsnik enterprise, synergies,, etc. All to play for it seems to me.
A helpful government and planning process would demand that big box retailers give over part of their car parking area to host local trader at Peak Commuter times, so the busy have a choice of local goods on display as they walk towards the megastore. Again, the vampires in suits can’t let this happen because it will impact negatively on their ‘euros spent per footfall’ calculations.
At least some folks are voting for Irelands’ future by taking positive action in their own lives:
‘Biggest baby boom in decades as slump hits home’
http://www.independent.ie/national-news/biggest-baby-boom-in-decades-as-slump-hits-home-2112509.html
Forgot to link to Derek Mooney show:
http://www.rte.ie/radio/mooneygoeswild/archive/index.html
David begins at 27:50.
Something you will never hear from an Irish politician
http://www.guardian.co.uk/politics/2010/mar/26/geoff-hoon-wrong-lobbying-scandal-dispatches
I would say that no media organization in Ireland would have the courage to catch political corruption like C4/The Sunday Times managed in the UK.
The article barely mentions the biggest crook of the TV series, Stephen Byers, long time pal of Tony Blair and Peter Mandelson. In fact the article tries to distance Gordon Brown from the entire affair.
The fact is that those crooks were boasting about how they were able to influence legislation to benefit named business interests.
It was an excellent piece of television. But don’t expect that from either “Pravda” or “TV-Tripe”.
Would have to concur, state run/paid media will not go there.
Deco – In keeping with a previous discussion
http://www.irishtimes.com/newspaper/breaking/2010/0326/breaking31.html
Well it’s official.
Beer and Circuses are now the religion of Ireland. Actually this has been the case unofficially since the drunken Taoiseach (which one of them, you may ask) told us all that he was committed to sport. (and we were paying him to be committed to run the country ). It was inevitable when even Blessed Dermot decided to take time off on his campaign to tackle blasphemy, and join the rest of the flock (of sheep of course) who were outraged by “Henry le cheat” last November. Apparently Henry “cheated Ireland” ….eh, hold on so did Bertie Ahern, Patrick Neary, David Drumm, the board of Permo, ‘the estate that you would recommend to an enemy’ and so many more shysters – and the muppets never got up from their sofas to protest about that….However, it is fair to say that this reoublic of “beer and circuses” has turned into a hell hole in many senses of the word – and it your pride feels hurt at this statement, then don’t argue with me – argue with the tourists who don’t come here any more, or the young people who can’t wait to get out….
In other news see that Ireland will be helping bailout out the Greeks. RTE who told us several times already that Greece was getting bailed out, (so as to make us feel more relaxed about the situation here) are telling us this again. This, despite the fact that the Parlaiments of The Netherlands, and Germany have both voted against giving the Greeks a cent. So, now, Ireland which has no money, will borrow from the Germans (provided they are prepared to lend) or Asians (who must surely think we are a collection of wasters given what they see of our “leadership”). And then when Ireland has borrowed this money, it will return it to the EU to bail out the Greeks (and the Greeks have no intention of repaying anybody). This is what happens when the entire economic system becomes one overleveraged ponzi scheme, ruled over by politicians who are in acute denial of the underlying situation.
In the continental media you are allowed say that Greek is a failed state, is rotten with tax dodgers, full of millionaires who consider taxes as “optional”, is overrun with lunatic union bosses, and a spoiled brat mentality, and that the political system is totally unreformable. In fact on the continent this sort of thing gets a good airing. But in the Irish media this type of analysis of any of the PIGS, or even of any of the members of STUPID, completely forbidden, for some rather strange reason. Maybe because all those descriptions also apply to Ireland ??? It also seems that McUseless is shoring up relationships with the other members of STUPID, (the coaltion of the overleveraged) with a state visit to Turkey. When she first said that she wanted to visit Turkey, her advisor told her not to disturb him, as he was in Tullamore getting over another massive hangover.
And Eamonn Gilmore made an interesting quip at Paul Gogarty (Pay back time for sneering Stagg) concerning the fact that Gogarty has not yet been a minister. Next step will be for the electorate to tell Gogarty to clear off. No mention of Boil. Boil has been seething away there for a while, and finally the man who was not elected to either the Dail or the Seanad, has a significance that his pompous pretending deserves. Expect the pretenscious to change now, and become much more manageable.
Boil’s place as the loudest and most vocal part of the opposition from within the government can now be taken up by FF backbenchers. Actually, the entire pompous episode of the GP, should not been seen through by the electorate as just an attempt to confuse the electorate, while Gormless and pals gave all their mates state jobs (another development that was not mentioned on the broadcaster that reports to GP Minister Ryan). Another development that was skipped by RTE, was the fact that France has abandoned a plan to introduce a carbon tax. Even the French are tired of paying taxes.
If you are totally furious, then spare a thought from GB next door. It is possible to hire a Labour Party MP (pick one at random) and get any sort of legislation amended to suit your business. “It is sort of like hiring a cab”. The BBC has been as effective in covering this story, as RTE are at describing Bertie Ahern’s finances. When it becomes public knowledge, they cover the issue. Now, that is a business friendly regime. Forget the North Dublin maFFia, and the GP hypocrites, the Labour Party (UK version-the original of the species, not the ILP) is pointing the way towards running government in such a way that business provides loads of input.
Oh yes, and one final issue. Are any of you a bit suspicious about the way that Minister Coughlan is still responsible for FAS, in spite of the gift that she made of Roddy Molloys pension and the other debacles at FAS ? I am very suspicious. It has the smell of a cover-up, where Cowen cannot even trust his own FF ministers. He should have put a GP TD in charge of FAS. A much more effective way of managing a coverup.
When I visited I think I counted 4 wineshops in Dalkey (I also noticed that there were three betting shops in the tiny Rathfarnham Village). I was also surprised that they have an enormous GAA club there (Cuala). I was expecting cricket or polo.
Well. we have to start somewhere and at least shopping locally is a concept that’s easy to understand, even if it usually flies in the face of rationality. Let’s make a start by saving what we can of our towns. By the 80s English highstreets were becoming completely anonymous. Take somewhere like Orpington: nothing but building societies, banks, estate agents, Halfords (car accessories) etc – nowhere with anything of value for sale! Bill Bryson reported a similar story for America when he went back there to live for a year or so in the 90s (I think) – all the Main Streets were identical from one end of the continent to the other.
Blair back in the forefront
http://www.counterpunch.org/stahl03252010.html
This is scandalous. Phony Tony doing well for himself.
Another story that you will not get in the mainstream media.
This is a link that is of relevance to the ongoing campaign by Bill Cullen to get the taxpayer to fund a scrappage scheme to prop up his commercial interests. Basically the best advice available in the UK indicates that these schemes offer poor value for money.
http://www.telegraph.co.uk/finance/newsbysector/transport/7521406/Car-scrappage-scheme-not-value-for-money.html
Nevertheless, we can expect Bullshit Bill to keep it up looking for more taxpayer funded assistance, for a sector that calls itself an “industry” even though the manufacturing is definitely somewhere else. A case of being liberal with the truth, for the sake of deceiving the general public.
Drumm, Drumm……..
http://www.capecodonline.com/apps/pbcs.dll/article?AID=/20100326/BIZ/3260309/-1/NEWSMAP
I was watching today on the TV, to Blair Horan of the CPSU, addressing what appeared to be no less than several hundred or so public sector workers at their union conference…
The following questions occured to me…
(1) Are these public sector workers being paid for the obvious mass absence from the workplace on a Friday that this conference has caused?
(2) Who is manning the desks, hatches, phones and counters, WHO IS DOING THE ACTUAL WORK, while what appeared to be no less than a few hundred public sector workers TALKED ABOUT THE WORK THAT HAD TO BE DONE, or as is probably the case here, talked about the work that they are determined to get out of doing???
This goes to the very core of our problem in Ireland, in particular with the divide between public and private sector workers.
This kind of carry-on, thousands of workers absent from their positions to spend a Friday talking about how slow they will go and how they will obstruct their employers, THIS DOESN’T HAPPEN IN THE PRIVATE SECTOR. You would not dare do this in the private sector, out of respect for your employer in the first instance, out of respect for your job at the moment, out of respect for your colleagues who would have to run the show while you were off talking about what had to be done while they got saddled with your responsibilities for the day.
No private sector business could hope to function or survive under this kind of relentless belligerance and intrasigence.
The latest statement from Blair Horan, is that his members are going to blockade media outlets that give it criticism.
Find a media outlet that failed to cover the queues at the Passport Office.
There are intelligent reasons for ignoring the media. But Blair Horan says that the media can lie all they want, as long as they don’t tell the truth about what he is doing.
I want Blair Horan to provide precise details about what he meant when he was telling us to “Vote Yes to Lisbon for jobs”.
Sorry, Blair Horan, but you had no problem with media coverage of the Lisbon campaign and the turning up the screws to ‘engineer’ a Yes vote. So, Blair Horan, the game is up. You have been sussed.
I can’t beleive this. Ireland has enough retail space to a population of 14 Million. We have far too much retail space. Vulgar shopping centres have been built everywhere in the last ten years. And this has been one of the problems that has poleaxed the banking system.
And guess what ? The planning department have learned nothing. Nada. Zero. SFA. Because they are at it again.
http://www.rte.ie/business/2010/0326/carlton.html
I just wonder who is financing this farce, in the current environment where businesses already in existence are getting their overdrafts reduced.
Absolute nonsense.
Paulmcd.
POnzi Republic.
Ponzi Republic.
ponzi republic.
Ireland is a POnzi Republic run by Dennis the menace Inc.
Paulmcd.
Your POnzi post plus 1.
Can I offer the following angle on it.
The DoF mandarins and gov are implementing a plan they’ve deemed to be the plan that ‘ll do the job.
The job they’ve decided on that NAMA will do though is different to the job they are telling us and the sheeple.
NAMA means something else completely to the ‘insiders’ than what it is for the ‘outsiders’.
Two completely different proxies and narratives and purposes.
Here’s an interesting take on the govt from Sligo councillor Declan Bree that is directed mainly at Harney but includes all politicians.
He says that all these health cuts etc offer a glimpse into the mindset of Harney.
“Mary Harney is part of a political class whose philosophy is similar to French aristocracy before the 1789 revolution: namely, that they have a divine right to rule. Harney’s party has collapsed and has no popular mandate. She holds Ministerial responsibility for public health solely because she is Mary Harney, a member of the elite political class… It is now clear that Mary Harney’s main interest in taking stewardship of the Dept of Health was to create opportunities for private medicine. Mary Harney’s mandate comes from big business (read big pharma) and not from the people”
It goes on to say that when this lot were electioneering they said that the boom would continue and that the spoils would be shared out but those who held private economic data new the game was already up. Once the election was over the manifestoes were torn up and bank bail outs and attacks on the Irish people were the new order of the day.
“Despite the fact that FF and the Greens have no mandate for their current program the Taoiseach told the people that he was staying in office until 2011 – for their own good, naturally”
===============================
It is my opinion that you can tell a lot about a person’s lifestyle from their appearance and what I think when I see pictures of Cowen and Harney is too strong to wrtie in a public forum. Here is a clue: the words rind and bacon. Plural.
Its ironic.Reading the comments the public v private sector is hotting up nicely and you are all falling into the hands of a cac handed government who have managed to turn you against each other.The passport office spat is nothing compared to the Post Office dispute of 1979 where the government of the day managed to turn brother against brother and succeded to destroy families in the process.(Baton charges against striking workers on a picket line).The real enemy is this headless government and please remember your fight is against them and those bastards in the financial sector who systematically raped and plundered our country in the name of progress.The people who have destroyed communities like David has highlighted.Well brothers, I say, enough.Gormley has done more damage to the cause of green politics than any party could hope to do and history will judge them as the party who stood by while our country melted down.Unfortunately the majority of commentary on this subject are not old enough to remember the bad old days of Fianna Fail and the catholic hierarcy.Keep them in the dark and feed them shit.
Biggest Show
in
TOWN
THIS WEEK END
FULL MOON
don’t miss it
starring : just about everyone and everything
ps : everything and everyone around you just cracks up. Running an extra day by big demand til tuesday .Matinee seats available with coupons .
# don’t touch it it will touch YOU.
Folks, have any of you seen any of ANGLO’s golf balls, or umbrellas?
I do not play golf, myself, so I am not in a position to spot any of the missing equipment that is so exercising the current management:
Anglo Irish Bank spent nearly $600K on golf balls, umbrellas:
http://bit.ly/9SHZIp
Breaking news from Gurdgiev:
http://trueeconomics.blogspot.com/2010/03/economics-27032010-breaking-news-aib.html
This just in (via Peter Mathews) The truth is appearing through the cracks:
Finance Minister buried IMF advice that NAMA wouldn’t work and that losses would be well in excess of €23bn
http://icio.us/phmhq2
maxkeiser/: [1117] The Truth About Markets – 27 March 2010
http://maxkeiser.com/2010/03/27/1117-the-truth-about-markets-27-march-2010/
Gormley’s speech tonight:
http://www.politics.ie/green-party/126644-speech-green-party-leader-john-gormley-green-party-conference-2010-a.html
“There is no Fate, but what we make”.
Folks, anyone interested in “Your Country, you’re Call” should look here and read this:
http://www.tuppenceworth.ie/blog/
Lenihan to announce loan write-downs in the Dail on Tuesday(via Peter Mathews):
http://wp.me/pFV45-3Z
Jebus! I am trying my best, here…… where the hell *is* everyone?
Táim anseo.
I think everyone’s gone off to prepare for this Tim;
http://www.independent.ie/opinion/analysis/now-would-be-a-good-time-for-a-coup-2114817.html
Kerrigan so close to the truth on this article.
He is now one step away from seeing that the measures the gov are adopting are in actuality meant to invoke a ‘social implosion’.
Its the new paper POnzi scam been put into operation by the ‘insiders’.
A few weeks back, there was much talk about doing something to raise awareness of the NAMA shambles. Foolish Penny, Tim and myself started up No2NAMA. To date we have 624 people signed up and many also contribute, some from here. 624 people won’t change the face of the planet but it’s 624 more people who’ve been introduced to truth by reading McWilliams, Gurdgiev et al.
Most of us here are now well educated about the scams and lies. We’ve a duty to spread that truth to others who don’t do Google or Facebook, those who know this is all wrong but whos only source of information is mainstream media.
On Monday morning, AIB will announce State ownership. Failure.On Tuesday, Brian Linehan will come out like a bull in making a statement on the Nations finances and banking, in defence of the destruction being wreaked on the social fabric of the State. Failure. Rather than bankers being chastised, they’re getting rewarded with pay hikes. Failure. Rather than turning the corner, the economy fell off Dun Aengus last year and continues to do so. Failure. the Irish banks loan books which they can’t dump into NAMA, our mortgages and credit card bills, are heaing for the same cliff. Failure.
Failure, Failure, Failure all the way.
Standing up and being counted is not a particularly strong Irish trait but the time has come.
I’m going up to Galway on Easter Monday to meet with some people from here and elsewhere to see what can be done sensibly.
By that time, anyone with an ounce of intelligence will know where this country is headed.
I’d ask you all, even if you can’t or won’t go to Galway, to at least register a vote of confidence in our trying something by joining the No2NAMA campaign.
Thanks,
F
http://www.facebook.com/No2NAMA
http://twitter.com/No_2_NAMA
http://www.No2NAMA.org
Asset Stripping;
By Tuesday, after AIB is forced to sell its UK operation to either Santander or a Canadian operation and after its forced to sell the Polish operation also, just to raise capital, it’ll be reduced to a being State owned monster. Even with NAMA stripping out the huge liabilities, it’ll be left with deteriorating loans and no means of doing business in a deteriorating economy.
Anglo Mk2 here we come…
http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article7078806.ece
Posters.
Next week, will see in, more facts on the ‘banking oligopoly, operating at the switch the economy of the Republic of Ireland.
The facts to be revealed are already known facts to the ‘insiders’.
The facts are going to reveal more heavy losses on toxic loans write downs in the oligopoly banking sector of Ireland.
WARNING:
DO NOT BE DECEIVED BY THE NARRATIVE
- The ‘oligopoly banking sector’ engineered the property bubble.
-The ‘oligopoly banking sector’ knew it would end in a bubble burst situation.
-The ‘oligopoly banking sector’ knew the loans loaned out in the height of the bubble would go pear shaped.
-The ‘oligopoly banking sector’ are using the post property bubble losses to MAKE more money.
-The ‘oligopoly banking sector’ are playing a new paper money POnzi scam. The property bubble scam has moved on for them.
-The ‘oligopoly banking sector’ are playing a new paper money scam game and this week is ushering it in to its next stage of completion.
Here is a link to some details on the new ‘post Ponzi property scam bubble’ paper money scam under implementation.
http://www.independent.ie/opinion/analysis/now-would-be-a-good-time-for-a-coup-2114817.html
I don’t buy it, wills. Smacks too much of Eevil Overlords and not enough of Greedy Eejits.
of course its greedy, what else would it be, dunno where your coming up with the other bunkum.
I don’t think as much forethought went into the collapse of the bubble as you imply.
I like the idea of ‘Greedy Eejits’ to explain the origins and response of FF and bankers to our meltdown. Greedy EEjit does as greedy eejit is, so we have NAMA, save Anglo, as we had the same people give us the bubble.
On Tuesday, Lenihan will hopefully flesh out enough of the figures to see the bill for taxpayers in better light.
But, I wonder ?
How can the ECB support NAMA and the Anglo bailout given that I believe NAMA and the saving of Anglo, that this amounts to nothing more than economic suicide for Ireland and Ireland’s taxpayers.
I blog on this conundrum on my mini blog :)
http://colmbrazel.wordpress.com/2010/03/26/the-true-cost-of-anglo-bailout/
So, my question is, is it possible that Anglo is the target on international markets of Credit Default Swap bets.
Could this explain why apparently smart and sensible people are willing to go all out to save the Anglo pile of rubbish?
Or maybe its ‘Greedy Eejits’ just doing what they are used to doing, making a mess.
Saw a headline this morning which read: “Half of FF backbenchers want Cowen to resign”.
Bravo! I have to change my opinion of FF TDs. I thought they were all brain dead. Today only 50% of them can be classified as “brain dead”. I will reclassify the remainder as the “The Brain Undead”. Stand by for action!!
Character players in the NAMA scamarama.
Taoiseach Brian Cowen. Finance Minister Brian Lenihan, Central Bank governor Patrick Honohan, the head of financial regulation Matthew Elderfield and the head of the NTMA John Corrigan.
Anglo has already taken €4bn in public funds to stay afloat. The new chief executive, Mike Aynsley, said last week that Anglo would need a further €6bn to €9bn in State aid if it is to survive
Quickly hiding ones liabilities, an example below.
Anglo is suing Mr Drumm for repayment of the loans, a claim the ex-CEO contests. He says he needs time to dispose of assets to repay the loans and has counter-claimed that he is owed €2.6m by the bank.
Mr Drumm put his home in Abingdon, Malahide, Co Dublin, on the market for €2.79m last year. After moving to the US, he lodged papers declaring his Cape Cod property his home. The Declaration of Homestead protects homeowners from creditors trying to recover debts through executing a forced sale.
Why can’t the Public service get it on absence, they don’t manage it, they medicalise it and hope that occupational health, GP’s, nurse, physios sort it out.
We’re wasting millions by direct and indirect absence costs, injury grants and premature ill-health retirals by ‘random decision making’ and no accountability for peverse system disincentives and management practice.
80% of absence attributed to illness has no or insufficient objective medical basis, Of 33 factors in a multivariate model only 5 are medical!
- availability of timely appropriate Health services,
- Epidemics,
- Environmental hazards acting across population(s),
- Occupational health services,
- Individual health or medical conditions,
reducing incapacity benefits expenditure.
Occupational illness is relatively rare. Occupational disaffection is not. If you give people interesting things to do, manage them well, give them adequate resources to do the job and reward adequately then most people will turn up for work. Attendance at work owes more to organisational behaviour than health & wellbeing, or medicine. Many organisations and employers of course will happily invest in more equivocal health & wellbing and similar nonsense rather than invest in good managers and a stimulating work environment. They’ll go on believing that people don’t come to work because they’re ill,lazy, overweight or smoke.
We really have lost touch
@noonep 31
“80% of absence attributed to illness has no or insufficient objective medical basis”
Agree, huge scam there. Docs in on it bigtime, sick cert a great money spinner, no need even to put down the nature of illness.
Should be penalties,sticks, significantly lower ceilings, other incentivisation schemes, eg significantly reduced pay in lieu of days off, demotion, change of responsibilities, publication of cost to taxpayer. Carrots, publication of names, bonus for full attendance, promotion incentives, awards…etc
Ta Cweb,
Not sure sick certs are a big money spinner, most docs (good ones anyway) want to get rid of them and empower their patients to certify themselves. Absence certification source of conflict in doc-patient relationship. Holland does this and UK for first 1-3wks of absence depending on which jurisdiction you’re talking about. http://www.ilo.org/wcmsp5/groups/public/—ed_emp/—ifp_skills/documents/publication/wcms_108151.pdf
Its interesting folk blame docs for this yet agreeing its not medical. Most of these employees are disallowed, disavowed and disaffected by their employers, yet think that docs telling them their not (essentially invalidating the employees beliefs) will change it and paternalistically telling them to be good lads and lassies and get back to work??
‘If you have to prove you’re ill, you can’t get well’, (Halder N) not sure GP’s telling them they’re malingering will be readily accepted.
BIt like Cowan trying to convince us he’s a ‘safe pair of hands’, just because he tells you does that make you believe him or change your mind?
Likewise with sickness absence and presenteeism, We’ve got to box clever and bring folk with you .
Risk perception and tolerance are linked to questions of equity. Risks that are equally distributed across the population are seen as less problematic than those that affect a
small group, especially if that group is seen as disadvantaged.
Risk of absence attributed to illness is similar, The challenge is to find a positive agenda of engagement that is based on more than just cost, blame or obscuration and confuscuation.
This requires leadership, which is a scarce and devalued commodity in this country.
This is good article with the primary focus on self-help. A little like the call of Arthur Griffith -If we do not support the Irish workhouse then we will have to support the Irish poorhouse- but more discerning.
In fact the practice of large supermarket shopping may not be good economics. The idea that people save money by taking the time and cost to travel sometimes over 100 miles to NI is plain ludicrous. And there is no doubt that the larger weekly shop with consequent full stocked fridge and freezer leads to unhealthy and unneccessary consumption.
And David is fully correct that a small shift in consumer spending trends would save thousands of businesses.
Local Traders should start in local schools and sports clubs and convince the younger generation to support their areas. The older generation, especially the crooked, corrupt, free-wheeling, Fianna Fail variety have already long ago sold out the country.
Well done on this article. It does make a start.
[...] few months ago the traders in Dalkey asked me to write about how the town was suffering and traders were going out of business. My [...]
So what happened in Dalkey? It was anice weekend, pubs did great, restaurants did great, supermarket probably was up 10% — a great love in!
A huge database of mobile numbers was gathered of local people so they can be enticed back between now and next March with loads of offers and keeping the locals informed of whats happening in Dalkey…..actually this didn’t happen! Roll on next year