Posted in Irish Capitalism on Feb 10th, 2012 4 Comments »
In an interview last year with the online journal, Proactive Investors, Tony O’Reilly Jnr did a pretty good job of explaining the business model of Irish middleman capitalism, although I doubt that was his intention.
The link to the recording is here, but the edited clip itself is at the end of the post.
The extract in […]
Posted in Irish Capitalism on Feb 6th, 2012 No Comments »
With the IFSC now central to the government’s growth plans, some figures which may be of interest.
The only figure I can find for how much corporation tax the IFSC contributed is the figure for 2010.
it’s €1.4 billion - Dept. of the Taoiseach last July, ( citing a private report, not Revenue, which is interesting in […]
Posted in Irish Capitalism on Feb 6th, 2012 2 Comments »
The IFSC, where Irish wealth is given tax breaks to bet AGAINST the Euro.
The image is from a brochure for Dolmen Securities’ Split Deposit Security Bond VI, explaining why the Euro may weaken, and why it’s best to bet against it.
Dolmen Securities are based in the IFSC and were Ruairi Quinn’s partners in […]
Posted in Irish Capitalism, Irish Society, Irish History on Feb 4th, 2012 No Comments »
In October 2011 Pat Rabbtte gave out thirteen licenses to twelve companies (press release here). The amount of blocks left around Ireland can be seen in this PDF map here, and the way it is done in the UK and other countries is explained in this SIPTU document from last year, available here (see pages […]
Posted in Irish Capitalism on Feb 4th, 2012 No Comments »
The positive outcome of the 2011 Atlantic Margin Licensing Round will help bring a new momentum to the level of exploration activity in our offshore. Ireland must continue to communicate the message to international exploration companies that Ireland is open for business and that the Irish offshore has real potential.”
So said Pat Rabbitte, Minister for […]
Posted in Irish Capitalism, Irish Society, Banks on Jan 29th, 2012 No Comments »
This is a drawing of the wallchart I used during the talk I gave at yesterday’s Unlock Nama demonstration.
Posted in Irish Capitalism, Banks, Ireland on Jan 13th, 2012 No Comments »
The hugely impartial Frances Ruane of the ESRI was a former non-executive director of Depfa Bank, which was based in the IFSC and which collapsed in 2008, costing the German taxpayer, via its forced ownership of Hypo Real Estate, well over 100 billion euro. The ‘hands-off’ regulation of the IFSC was key to Depfa’s business […]
Posted in Irish Capitalism, fuckwits, Banks, Ireland on Jan 7th, 2012 No Comments »
This guy’s a fucking moron.
I’m doing some research on video clips relating to the crisis, and just came across this beauty from 23 September 2010 - one month before the ECB/IMF bailout - where Denis O’Brien tells Bloomberg that Ireland is in recovery, that it has done everything right, and that Irish banks are […]
Posted in Irish Capitalism, Banks, Labour, Fine Gael, politics/Ireland on Dec 27th, 2011 No Comments »
Posted in Irish Capitalism, Irish Society, Labour, Fine Gael on Dec 27th, 2011 No Comments »
