Wednesday, July 25, 2018

Irish Housing Crisis: It’s time for radical solutions — Part 1

Ireland needs to take several radical measures to tackle the current housing crisis but a minority government would struggle to enact them.

Irish real house prices up 175% in 50 years, UK +405%, Germany -1%

Average Irish housing size lowest of EU's rich countries — Part 2

Land value capture

Land value capture (LVC) is a means of funding infrastructure improvements and providing finance for social housing by recovering all or some of the increase in property value generated by public infrastructure investment.

Thursday, July 19, 2018

Trump’s America: A banana republic with nukes

This week it was reported that the US government paid more than $77,000 to President Trump’s Scottish golf resort ahead of his stay there last weekend. The Turnberry course has been losing “an astonishing amount of money,” including $23m in 2016, according to Adam Davidson in The New Yorker.

Davidson asks: “Did he purchase and rehabilitate Turnberry, as he did so much else, with other people’s money?” — i.e. was it funded via money laundering for Russian nationals?  

Thursday, July 12, 2018

Irish real house prices up 175% in 50 years, UK +405%, Germany -1%

Irish real [consumer price index (CPI) inflation-adjusted) house prices rose by 175% in 1971-2016 (45 years); British prices rose by 405% in 1967-2016 (49 years) and German prices fell by -1% in 1968-2016 (48 years), according to the Bank for International Settlements — the BIS was founded in 1930 and is located in Basel, Switzerland. It is often called the "central bank for central banks."

Saturday, July 07, 2018

Brexit, the lost empire, and dodgy modern UK economy

*Just one-third of the UK voting age population voted for Brexit and it was crazy that David Cameron, prime minister 2010-2016, did not put a higher approval threshold for the hugely significant decision to leave the European Union that had been Britain's main trading partner for 43 years. Since the June 23, 2016 decision, the complexity of untangling regulations and agreements has been daunting.

George Macartney (1737-1806), a native of Antrim and graduate of Trinity College Dublin, in 1773 wrote a book on his period in office as chief secretary of Ireland — he was the second highest official in the British administration of Ireland. Macartney was a member of both the Irish and British parliaments and he made it clear that Ireland formed part of “a vast empire on which the sun never sets and whose bounds nature has not yet ascertained."

Monday, July 02, 2018

Best countries in world to start or run a business in 2018

Ireland has had a positive environment for business for many decades as successive governments sought to make the country an attractive location for foreign direct investment (FDI), besides the offer of low tax rates. During the general election campaign in early 2011, Enda Kenny, taoiseach/ prime minister, stressed the aspiration that by 2016 the country would be "the best small country in the world in which to do business."

“I will seek the trust of the Irish people to implement Fine Gael’s plan to get Ireland working again,” Kenny said on Jan 27, 2011. “I firmly believe that by 2016, Ireland can become the best small country in the world in which to do business, the best country in which to raise a family and the best country in which to grow old with dignity and respect.”

"Since coming into office 7 months ago I have told nearly all audiences that by 2016 I intend to make Ireland the best small country in the world in which to do business," Kenny said on October 28, 2011. "An integral part of this vision is to transform Ireland into the Digital Capital of Europe."