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Wednesday, March 23, 2011

Irish professors say enough of spending cuts; Status quo is a comfortable place

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Karl Whelan, professor of economics at UCD in South Dublin argues that enough has been cut and he claims to have taken a 30% cut in salary ...

Hans Rosling and the magic washing machine

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What was the greatest invention of the industrial revolution? Master statistician Hans Rosling makes the case for the washing machine. ...
Monday, March 14, 2011

Milton Friedman on Greed

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Milton Friedman was an American economist who became an icon of the conservative movement and he was interviewed in 1979 on a chat show pre...
Thursday, March 10, 2011

Ireland: GDP or GNP? Which is the better measure of economic performance?

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UPDATE Sept 09, 2014: The idiot/ eejit's guide to distorted Irish national economic data UPDATE: May 26, 2013 : In recent years, Ac...
Tuesday, March 08, 2011

Irish National Debt: Public spending was 57.3% of GNP in 2009; Deficits in 2008-2013 will amount to €95bn

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University College Cork (UCC) economist, Seamus Coffey, estimated last December that with GDP (gross domestic product) measured at €159.6bn ...
Monday, February 28, 2011

Ireland and Iceland: Did Devaluation boost Iceland's Exports?

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The following is a contribution to a thread on the Irish Economy Blog, comparing Iceland and ireland during the Great Recession. Iceland’s...
Friday, February 25, 2011

Ireland, unilateral debt default and worst case scenarios

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A thread on the Irish Economy blog (see below) in response to an article this wee, in the Financial Times by its economics commentator Marti...
Sunday, February 20, 2011

2010 US Presidential Medal of Freedom Ceremony

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President Obama presents 13 exceptional individuals with the Presidential Medal of Freedom. Honorees include former President George H.W. Bu...
Thursday, February 17, 2011

Irish debt default and 'burning' bondholders

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The European Central Bank opposes cutting the debt of senior bank bondholders because of the fear of contagion across the Eurozone; many Iri...
Monday, February 14, 2011

Ireland when cost of 1 Dublin house would buy 9 similar in Houston, Texas

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In 2006, an international survey compared over 300 metro areas using the standard of a 2,200 square foot, 4 bedroom, 2 ½ bath home that woul...
Saturday, February 12, 2011

Seven things you should never do on Facebook

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Stuart Miles of Yahoo! News says there are some things that you should never do on social networking site, Facebook: Click here
Thursday, February 10, 2011

Ireland: Debt default on sovereign and bank debt or not?

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Apart from an adjustment of the interest rate in the EU-IMF bailout terms, agreement with the European Commission and European Central Bank ...
Thursday, February 03, 2011

Irish General Election 2011: The 'Democracy Now' soufflé

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Sarah's Carey's op-ed article in today's The Irish Times: Angry men lack the courage of conviction This is my comment: This...
Wednesday, February 02, 2011

Michael Lewis on the financial crashes in Ireland, Greece and Iceland

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Former bond trader, Michael Lewis, author of "Liar’s Poker," "The Big Short" and "The Blind Side," has wr...
Monday, January 31, 2011

Sovereign debt exposure and confusing Bank for International Settlements data

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We shouldn’t be confused by the ‘facts’! Bank for International Settlements data is often quoted in relation to sovereign debt exposures b...
Wednesday, January 26, 2011

Irish General Election 2011: Irish Waste Policy and Gombeenism

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The Fernwärmewerk Spittelau incinerator/heating plant, Vienna. It supplies more than a quarter of a million houses and over 5,000 industri...
Tuesday, January 25, 2011

Irish Jobs and FDI

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Irish jobs in the exporting FDI (foreign direct investment) sector are back to 1997 levels. Every time Tesco opens a new shop, the United...
Monday, January 17, 2011

ECB Director Bini-Smaghi: ‘Ireland’s meltdown is the outcome of the policies of its elected politicians’

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September 2010 Executive Board, European Central Bank: Back row (left to right): Lorenzo Bini Smaghi, José Manuel González-Páramo, Jürgen ...
Tuesday, January 11, 2011

Battle ahead in developed world with public sector unions

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Weekly sick leave in Irish public service The Economist says in its current issue that while union membership has collapsed in the private ...
Sunday, January 02, 2011

Hans Rosling's 200 Countries, 200 Years, 4 Minutes - The Joy of Statistics

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The growth of global wealth and well-being over the past 200 years. Finfacts article: Sweden's Gapminder shatters economic and envir...
Thursday, December 23, 2010

An Angry Irishman and the [Expletive Deleted] Celtic Tiger

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Clip of an angry Irishman venting about Ireland's economic woes with a rich lacing of expletives! Taoiseach Brian Cowen says sorry...
Friday, December 10, 2010

Ireland's Bertie Ahern and inventing the Free Lunch, March 2000

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The clip below illustrates how difficult it was in 2000, to challenge conventional wisdom, self-interest and the likes of Taoiseach (Prime M...

The Daily Show and Fed's Bernankee Printing Money

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The Daily Show With Jon Stewart Mon - Thurs 11p / 10c The Big Bank Theory www.thedailyshow.com Daily Show Full Episodes Political ...
Sunday, November 28, 2010

Ireland, reform and the IMF

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The empty Dáil Éireann chamber of the Lower House of the part-time Oireachtas (Irish Parliament). The members are amongst the best-paid in...
Sunday, November 21, 2010

Irish State Bank Guarantee and the arrival of the IMF in Ireland

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Office of the Taoiseach, Dublin - - In this building on Monday, Sept 29, 2008, Taoiseach Brian Cowen made the most cataclysmic economic ...