Thursday, Sep 2nd 2010
Simon Johnson and Peter Boone are writing in the New York Times‘ Econmix blog about Ireland again.
Johnson is, of course, a former Chief Economist of the IMF, an institution that has largely endorsed Ireland’s austerity measures and suggests more may be needed.
However, Johnson and Boone’s comments are that current government policy isn’t working, and this [...]
Newspaper Circulation Figures
CIRCULATION FIGURES:
Jan - June 2010
Irish Independent 144896
Irish Examiner 46687
The Irish Times 105742
Irish Daily Star 93729
Irish Daily Mirror 60460
The Irish Sun 86064
Irish Daily Mail 51338
Weekend Herald 40933
Slavefare: government proposal is a sham
This comment from an anonymous punter on progressive economy sums up many of my thoughts on the matter
"The thing that annoys me most about this is that it's not a real proposal. The Department can't provide any detailed proposals because there aren't any!
The Minister appears to have thrown a [...]
Michael Burke’s common on Michael Taft’s post on progressive-economy@tasc re Service exports
In the late boom year of 2005 the Gross Value Added (GVA) of the building and construction sector was €12.9bn and industry ex bulding was €33.6bn (2009 National incomes and Accounts, Table 4). By contrast the GVA of 'Other services', which includes financial services [...]
New Left Project | NLP Blog
Good post on the BBC's official response to criticism of their Panorama documentary on the Gaza flotilla
The BBC has, predictably, “dismiss[ed]” claims that a recent Panorama documentary on the Gaza flotilla was biased towards Israel. But its response itself illustrates the crux of the problem:
“Israel has [...]
Companies Dodge $60 Billion in Taxes Even Tea Party Condemns - BusinessWeek
The Double Irish’
On advice from Ernst & Young, Forest Laboratories Ireland reorganized that year, dropping the country from its name. The newly dubbed Forest Laboratories Holdings Ltd. established a registered office in Hamilton, Bermuda, declaring the island its tax residence. This unit took control [...]
Ireland: A recession of the banks, by the banks, and for the banks | afoe | A Fistful of Euros | European Opinion
And yet it’s not clear that the worst is over. The banks haven’t yet made a big move on distressed home mortgages and no one is clear what will happen when forebearance [...]
How Much Did Eurozone States Spend On Bailing Out Private Banks? | Irish Public Policy
As a percentage of GDP the Euro-area average is 25.4%, the EU 27 is 31.2%. This is about 1,870 billion for the entire Eurozone. Nothing compared to what has been allocated to the Greek government. But, get this, Ireland spent a [...]
Swans Commentary: Tony Judt: An Appreciation, by Louis Proyect
Louis Proyect provides an interesting and balanced appreciation of Tony Judt, who he describes as “a courageous and principled social democratic intellectual”.
“Despite being almost totally paralyzed in his last few months of life, he continued to write about his illness and political beliefs, which had been growing [...]
Prime minister of Greece: ‘There is real danger in global austerity’ - CSMonitor.com
Interesting interview with Papandreou:
Papandreou: Unlike many countries that ran up debts to bail out their banks in 2008, Greece’s debt has come from years of economic mismanagement — wasteful government spending, an inefficient public sector, chronic tax evasion. Many other developed countries have [...]