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Archive for the 'Economy' Category

Well, it’s taken a while, but the message finally got through. There’s a serious problem with the Irish economy, and the government has come up with a stirring plan to set thing right and get the ‘aul party going again.
We all know how serious “sentiment” (cough) is to the whole shebang, so we need […]

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It was Donagh who first told me about this. For the last few weeks David Harvey has been putting up on the web his lectures on Marx’s Capital. The idea is to read the book in tandem with the lectures themselves. I’ve tried to read Capital before, but always gave up. This time I’m […]

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Oh Brilliant. First the economy goes into something that is not, but is almost like ‘meltdown’ and then Google are forced to hand over the IP addresses of all those people who link and embed YouTube videos to Viacom, so they can prove that they’re getting ripped off.
Here, following on from Conor’s post and […]

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Capitalism has had an incredible run — politically and culturally as well as economically — since the stagflation crisis of the 1970s. The resolution of that crisis required, as economists put it at the time, “reducing expectations” of the kind nurtured by the trade union militancy and welfare state gains of the 1960s. […]

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Oh this is not good . At least, according to the New York Times, which today has a piece on the Global decline in property prices following on from the problems with financial and housing markets in the U.S., its not. The august journal has taken it upon itself the gauge the mood in Ireland, […]

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The Irish Times portrays a schizophrenic relationship with Irish housing today (Friday), with one article assuring us that it is better to buy in Dublin than rent - and another one warning us about the ongoing property price crash.
Writing in the Finance section, Laura Slattery says that
AFFORDABILITY FOR first-time buyers continues to improve […]

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Remember Friday March 14 2008: it was the day the dream of global free- market capitalism died. For three decades we have moved towards market-driven financial systems. By its decision to rescue Bear Stearns, the Federal Reserve, the institution responsible for monetary policy in the US, chief protagonist of free-market capitalism, declared this era over. […]

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We’ve run this before, but given recent events…

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Jim Cramer is host of CNBC´s Mad Money. And this is what he had to say about Bear Stearns last week. The Slate has a good article on Jim Cramer here, from Jan 2007.

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IN the same week that the European Central Bank (ECB) said Ireland was losing its competitiveness faster than any other country in the eurzone, our own Government decided to shelve a measure, which more than almost any other, would has benefited the competitiveness of the Irish economy. We pay more for our electricity than most […]

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