Thursday, May 24th 2012
As every Radio, TV and social media outfit in Europe, including here in Ireland, is talking about Greece, the 50% haircut etc, I thought it would be useful for those of us who read the ILR to revisit the issue from another angle. To take note of some of the comments made, verbatim, by the [...]
Peter Radford | Thoughts on The Ethics Of Economics
Medicine has its famous injunction: first do no harm. Economics ought to abide by that rule too. It is a massive evasion of responsibility for the profession to continue to plod along as if a few hundred more earnest papers will do the trick. They won’t. The [...]
The following was first published in Spanish by Madrilonia, a Madrid-based blog that writes about and participates in social movements. Madrilonia has been involved in the 15-M movement, which began with the mass protest organized by Real Democracy Now on the 15th of May 2011 and inspired Europe with the occupation of plazas across Spain. This text [...]
From #occupydamestreet
Stop The Billion Dollar Heist:
On November 2nd 2011, next Wednesday, a $1,000,000,000 bond comes due at Anglo Irish Bank. This bond is unsecured, unguaranteed, a bond we have absolutely no obligation to pay. If you disagree with paying this money we ask you to come to the march to show your opposition.
Last week thousands [...]
I’m finding the whole inquiries referendum debate rather baffling.
We’re not supposed to trust politicians to inquire into things, because they could be biased. And because the kindly misters Sutherland and McDowell tell us too.
No, we should trust the judiciary who, of course, are completely unbiased in any respect. This is a judiciary every one of [...]
Third time’s a charm. Following on from two previous posts (here and here), tracking the stat-bending the Irish Fiscal Advisory Council was engaged in, we can now put that issue to rest. The Fiscal Council has finally published a correction and with it has published a third version of their first report. Now the crucial section reads:
‘Even though [...]
In what may be an important development the Financial Times reports that, in return for accepting much larger ‘haircuts’ (imposed losses on the value of the bonds they own) bondholders are demanding that there must be a growth strategy for Greece.
In a piece headlined ‘Bondholders Demand Greek Growth Plan’ the paper quotes the Managing Director and chief [...]
From Diarmuid O’Flynn of Bondwatch Ireland and the Ballyhea bondholder bailout protests.
On November 2nd 2011, next Wednesday, a $1,000,000,000 bond comes due at Anglo Irish Bank. This bond is unsecured, unguaranteed, a bond we have absolutely no obligation to pay, from a bank described by Minister Michael Noonan in an RTE interview only last June in the [...]
From Eoghan O’Neill, co-ordinator of Repudiate the Debt campaign.
On Monday the 24th of October 2011, the river Liffey burst its banks. What the people of Dublin witnessed was a month’s worth of rain fall, come down upon them within 24 hours. We had scenes of cars being submersed in water, households destroyed and businesses [...]
I’m sure like me, readers of this have been consumed with the great debate going on in Ireland at the moment. Apart from the rain and receding flood waters, it’s all anyone wants to talk about. Of course the outcome of this discussion will be seen in the very near future, but still its good [...]
