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Last Night’s Dail Debate on Financial Rescue Package

Via redmum

http://www.youtube.com/watch?v=BmqCUrQ4uRA

Government to “Safeguard Irish Banking System”

In a statment released this morning, the Government signalled that it will “safeguard the Irish Banking system”. The world fell apart yesterday and surely some of our most famous banks are hanging on by a thread. Their stock pummelled and - in private at least - their reputation is now in tatters, they need security [...]

More people from business needed in the Dail?

Back in March of 2007 I queried the professional backgrounds of the then FF/PD cabinet with respect to their experience of the realities of making things and what could be termed the productive sector of the economy. Batt O’Keeffe appears to have revived interest in the topic in recent days by suggesting that we need [...]

Fianna Fail Down in Business Post Poll

ITs a good week for Red C to take the latest tracking poll for the Sunday Business Post. Markets are falling like stones (Friday has the potential to be another massive dead cat bounce) and the government don’t look to have stamped authority on many aspects of policy.

The Recession Diaries: Farewell, PDs - We Wish We Hardly Knew Ye

Good riddance. Or as WorldbyStorm writes over at Cedar Lounge Revolution, ‘The PDs get a a four week reprieve. Then they die.’ Can’t come soon enough. The only downside is that we’ll have to endure a plethora of obituaries telling us how the PDs made a difference, how they shaped whole [...]

National Pay Deal Agreed

Reads very well for the deal to benefit private sector workers before public sector and address concerns over the lower paid. It might be a nightmare to get passed by ICTU though.
From
PRIVATE SECTOR PAY TERMS
It is agreed by the parties that the following basic pay terms shall apply in the Private Sector:
A Pay Pause [...]

As Bertie Ahern Fades from Memory, the Sums Get Bigger

Today its up to a once-off £30,000 which the Tribunal put to Ahern he received from developer Owen O Callaghan after a March 1994 meeting about the tax status of Quarryvale and Blanchardstown shopping centres. When he looks around at the empty press gallery and reads headlines of economic woe, he must think it was [...]

John McGuinness: Civil Service “Over-Protected by Unions”

IF you haven’t glimpsed the Sunday Independent, you can guarantee that the edited extract of a speech given by Junior Minister at the Department of Trade and Enterprise John McGuinness will be dominating discussion of the Social Partnership talks over the coming days. It remains unclear if the governmen is capable of steering a course [...]

Noel Grealish, what are you?

Grealish keeps spinning the bottle

And Then There Were Still Four

Noel Grealish prolongs the agony for Progresive Democrats by failing to kill them of.

Does this mean we should be worried? Government Move Budget to October

Mature reflection was undertaken in Cabinet today and government has decided to bring the budget forward to October 14th.
This comes amid record unemployment levels, job closures which cause concern and criticism of inaction by government. Moving the budget forward will be a dud trick if they don’t engage in some grand gesture to stave off [...]

Wonderful Timing as Politicians’ Pay Passes E100,000

Stephen Collin’s story in the Irish Times today is one of those ones that feeds into a zeitgeist. Political leaders who have let the Social Partnership talks slip, are in charge of an economic slowdown and on 13 weeks of summer holidays receive their final pay increase today.
TDs WILL receive a pay rise of some [...]

Is Merging the NDA and Equality Authority raising questions for Angela Kerins?

Simon McGarr’s post raised the issue of state agency rationalisation. It is an issue we may well not care much for at the moment, as we’re ‘too busy’ with the recession. Yet we should be concerned that some the agencies being tied together and taken back into departments are those ones with a nasty habit [...]

Dick Roche Suggests a Second Referendum on Lisbon

It has been called “unhelpful” and “unwise” however I am not sure what the reasoning for that is. Dick Roche suggested that we may well have a second referendum on Lisbon as a means to keep us at the heart of Europe.
A SECOND referendum on the Lisbon Treaty would “ultimately” be required and ratifying key [...]

Cowen Under Attack from the Opposition

Today’s Humbert Summer schools has the opposition berating Cowen and attempting to frame the narrative for the upcoming election run-in. In her speech (wonderfully titled Brian Cowen and the Riddle of Cleopatra’s Nose)
Then, Brian Cowen enjoyed huge public and media approval and was received in his home county as a conquering hero. That has all [...]

Bertie Ahern: It Wasn’t Me

As Bertie Ahern does his screen-test for a future job on The Sunday Game or Late Late, he was quick to defend his handling of the economic downturn. Unemployment now at 5.1% and construction workers falling like flies - and little re-training to give them a hand up.
The Dublin Central TD, who quit office in [...]

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