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Cedar Lounge
For lefties too stubborn to quit

offsite link Atrocious 22:56 Tue Jun 18, 2019 | WorldbyStorm

offsite link A central contradiction 12:29 Tue Jun 18, 2019 | WorldbyStorm

offsite link The all-island economy and Brexit 11:39 Tue Jun 18, 2019 | WorldbyStorm

offsite link Making contradictory Brexit promises? 07:40 Tue Jun 18, 2019 | WorldbyStorm

offsite link Labour?s woes, redux? 07:39 Tue Jun 18, 2019 | WorldbyStorm

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Dublin Opinion
Life should be full of strangeness, like a rich painting

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offsite link The Financial Crisis:What Have We Learnt? 19:58 Sat Aug 29, 2015

offsite link Money in 35,000 Words or Less 21:34 Sat Aug 22, 2015

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NAMA Wine Lake

offsite link Test ? 12 November 2018 Mon Nov 12, 2018 14:28 | namawinelake

offsite link Farewell from NWL Sun May 19, 2013 14:00 | namawinelake

offsite link Happy 70th Birthday, Michael Sun May 19, 2013 14:00 | namawinelake

offsite link Of the Week? Sat May 18, 2013 00:02 | namawinelake

offsite link Noonan denies IBRC legal fees loan approval to Paddy McKillen was in breach of E... Fri May 17, 2013 14:23 | namawinelake

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national / economics and finance / press release Sunday September 04, 2016 22:55 by DDCI   image 1 image   1 attached file
DDCI Calls for Oireachtas Debate; Full Review of Tax Ruling Practices by the Revenue Commissioners Following Today’s EC Apple State Aid Ruling

Following today’s decision by the European Commission that Apple was granted illegal state aid, Debt and Development Coalition Ireland (DDCI) is calling for a full Oireachtas debate to take place before any decision is made to contest the ruling in the European Courts.

The details of the revenue seemingly voluntarily foregone by the Irish state are truly astonishing, with Apple paying an effective tax rate of 0.005% in 2014 and reports of 13 billion EUR foregone in the period 2003-2014. This is particularly remarkable given the austerity policies ordinary Irish citizens were facing during much of this period. read full story / add a comment
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national / economics and finance / press release Thursday September 01, 2016 23:45 by wp   image 1 image
WP says tax windfall must be used for ‘public compensation fund’ to build public housing

Apple revenue could build 72,000 houses in Ireland

The Workers’ Party has today (30th August) issued a call for the government not to appeal the European Commission’s Apple tax decision, but to establish a ‘Public Compensation Fund’ with money recouped from Apple’s unpaid tax bill. read full story / add a comment
national / economics and finance / press release Sunday August 21, 2016 22:11 by pbp
n August, a paper entitled “Inter-Governmental Group on Fuller Working Lives” appeared. It was an irrelevant document that did nothing to tackle the growing threat of poverty for older people.

The numbers aged 65 and over is estimated to increase from 570,000 in 2013 to 855,000 in 2026. But the government has already raided the National Pension Reserve Fund that was designated to pay for these growing numbers.

Workers contributed to this fund but it was literally stolen. There was €22 billion in it when the Celtic Tiger crashed but about €17 billion was used to bail out the banks. The rest was used to set up an Irish Strategic Investment Fund which has become a means of funnelling cheap credit to business people. read full story / add a comment
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national / economics and finance / press release Tuesday July 26, 2016 22:27 by 1 of Indymedia   image 1 image
A new report from the independent progressive think tank TASC shows that consistent child poverty almost doubled during the recent economic recession. This data is contained in Cherishing All Equally 2016, the first annual update of TASC’s groundbreaking 2015 report on economic inequality in Ireland.

Cherishing All Equally 2016 – which was prepared by Dr Rory Hearne and Cian McMahon – updates 18 key economic inequality indicators including the distribution of income and wealth, as well as the provision of public services, taxation, family composition, people’s capacities and the cost of goods and services. In addition, the report includes two in-depth themed sections: ‘Children and economic inequality in Ireland’ and ‘Gender and economic inequality in Ireland’ – the latter section was prepared by UCD’s Dr Ursula Barry and Dr Maggie Feeley. read full story / add a comment
Ireland's resource giveaway.
national / economics and finance / press release Saturday May 07, 2016 19:38 by Shell to Sea   text 3 comments (last - wednesday may 18, 2016 13:39)   image 1 image
Shell to Sea campaigner Maura Harrington was arrested in Belmullet on Friday afternoon and jailed for 10 days in Mountjoy prison for the non-payment of a court fine of E300.
It is thought that the jailing relates to a 2012 protest attempting to block construction of the disputed development. read full story / add a comment
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dublin / economics and finance / event notice Wednesday April 13, 2016 23:25 by Gerry   text 2 comments (last - tuesday april 19, 2016 22:21)   image 2 images   video 1 video file
Prof Werner is the authority in the area of Public/Community Banking and also has an unrivalled understanding of the real forces controlling/manipulating economies worldwide.

Please allow me to bring the Banking and Money Reform Conference and the Public Banking project to your attention.

The Public Banking Forum of Ireland (PBFI) and the Public Banking Alliance (PBA) are working to introduce Community Public Banks to Ireland. Much progress has been made. We have learned that the Public Banking Project has been introduced into the Programme for Government discussions by the Independent TD’s. read full story / add a comment
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national / economics and finance / press release Thursday April 07, 2016 17:21 by Claiming Our Future   image 3 images
Today campaigners of the Robin Hood Tax Campaign presented a cheque for €1.8bn at Leinster House in Dublin. It represents the amount of revenue a Financial Transaction Tax (FTT) could raise over the 5 year lifespan of the next Government. Also called the Robin Hood Tax, its implementation would oblige financial institutions to pay a tiny tax on trading in bonds, shares and derivatives. read full story / add a comment
Protesting against the CETA agreement in Ottawa (credit Council of Canadians)
international / economics and finance / press release Monday February 29, 2016 23:40 by FoE   text 1 comment (last - tuesday march 01, 2016 19:30)   image 1 image
Media advisory - For immediate release: Monday, 29 February 2016

Dangerous CETA deal must be rejected.

Promises from the EU and Canada that they have improved the Comprehensive Economic and Trade Agreement (CETA) are fooling no-one, according to Friends of the Earth Europe. It remains a dangerous agreement that gives special right to corporations and threatens our democracy and the environment, says the group.
read full story / add a comment
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national / economics and finance / press release Thursday February 25, 2016 23:04 by pbp   image 1 image
The Sunday Business Post ran a story claiming that vulture funds who bought up the loan books of Irish financial institutions are likely to step up pressure for payment after the general election.

The report in the Sunday Business Post is a terrible warning of what is to come. Far from years where we enjoy a new ‘fiscal space’ there is more economic turmoil ahead.

US vulture funds were encouraged to come into this country to buy up debt at incredibly low prices. The debts of both mortgage holders and small business enterprises became another opportunity for profit making. read full story / add a comment
international / economics and finance / news report Tuesday February 16, 2016 20:03 by Greg
Puerto Rico's House of Representatives approved legislation to reform its highly indebted public utility company "PREPA." read full story / add a comment
international / economics and finance / press release Friday February 12, 2016 17:28 by Greg
US District Judge Thomas Griesa ordered "hold-out" investors on Thursday to explain why various sanctions on Argentina should not be lifted. read full story / add a comment
clare / economics and finance / news report Thursday February 11, 2016 22:52 by No to TTIP
Victory Clare County Council voted to reject the TTIP( Transatlantic Trade and Investment Partnership) on Mon 8 feb.
It’s official – Clare is now Ireland’s first TTIP Free Zone!

Monday night was a milestone moment in our fight to stop the toxic deal TTIP. Following a campaign led by Uplift members, Clare County Council passed a motion to declare the county a TTIP Free Zone. read full story / add a comment
A section of the NZ, Wellington protest. Src wsws.org
international / economics and finance / other press Wednesday February 10, 2016 23:36 by T   text 1 comment (last - wednesday february 10, 2016 23:45)   image 1 image
The undemocratic anti people TTIP agreement between EU-USA has it's counter part in the Pacific region and it is called the Trans-Pacific Partnership (TPP) which is equally as bad. The purpose of the two agreements is to permanently push back democracy and sovereign rights of peoples of huge areas of the world. It is the ultimate global corporate power grab.

Regrettably the TPP was signed by representatives from 12 countries on Feb 4th and on the same day tens of thousands of people protested throughout New Zealand against the formal signing. The signing follows years of secret negotiations between the US, Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.

Approximately 20,000 people marched through Queen Street and thousands rallied outside the SkyCity Casino in Auckland where the deal was signed. Protesters held placards and chanted slogans denouncing the TPP as a power-grab by US-based multinational corporations. read full story / add a comment
international / economics and finance / opinion/analysis Wednesday February 10, 2016 12:11 by Paddy Hackett
Steve Keen is the author of Debunking Economics. He is critical of Neo-Classical Economics read full story / add a comment
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national / economics and finance / feature Tuesday February 02, 2016 23:11 by T   image 2 images   1 attached file
Forget the official Banking Inquiry report because Joe Higgins has written a much more better one and it asks the rights questions and gets to the heart of the matter by putting the whole saga in its proper context -something which the official report couldn't thing as it would mean asking fundamental questions. Indeed the inquriy itself and official report have been steeped in controversary with allegations of coverup because of numerous reports of key officials and whistleblowers in the regulator office and central bank were ignored and their evidence never making into the inquiry. The whistleblower made a formal complaint under the Protected Disclosures Act and (Village Magazine) "outlining a range of detailed concerns about how the Central Bank and some of its legal representatives were omitting huge swathes of vital documents, redacting many of the most crucial pieces of evidence, and delaying release of vital material until it was too late to use them in briefings for public hearings – in at least one case handing them over 24 hours before a scheduled interview about them." read full story / add a comment
international / economics and finance / press release Tuesday February 02, 2016 22:02 by Greg Williams
The US House of Representatives held its second hearing on Puerto Rico's debt crisis this year. The hearing focused on potential legislative solutions including bankruptcy protection and an economic oversight board. read full story / add a comment
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dublin / economics and finance / event notice Friday January 22, 2016 14:22 by 1 of Indymedia   image 1 image
A coalition of 40 Irish Civil organisations are launching the Robin Hood Tax Campaign Ireland, united in the belief that it is time to make Irish financial institutions pay their fair share in tax to help clean up the mess they have helped create, and to help avoid another financial crash happening by curbing speculative trading.

The Nevin Economic Research Institute is estimating a net gain in the range of 320 to 360 million Euro each year from the Financial Transaction Tax to the Irish exchequer. Ten other European countries are about to introduce the tax while the Irish Government is NOT taking this opportunity. The campaign aims to change this Government position and campaigns for Ireland to join the other European countries and introduce a Financial Transaction Tax.
read full story / add a comment
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dublin / economics and finance / event notice Tuesday December 01, 2015 23:34 by di   image 1 image
DDCI invite you to the launch of our annual WB/IMF Watch Report 2015, and panel discussion with Sargon Nissan (IMF expert, Bretton Woods Project) and Aideen Elliott (author of DDCI’s annual WB/IMF Watch Report 2015).

We will hear about the implications of the IMF’s behaviour in different parts of the world, and an activist’s account of attending the annual WB/IMF meetings in Peru this year, and have ample time for an engaged discussion. read full story / add a comment
national / economics and finance / press release Friday November 13, 2015 23:43 by anon
TASC today released an equality analysis of Budget 2016, which analysed both the tax and spending changes. It shows that the tax cuts announced will give the greatest benefit to a single person earning €70,000, which is the same “sweet spot” as last year’s budget.

The report notes that changes announced in the Budget have to be considered in light of the fact that three-quarters of the pre-tax income gains in the last five years have gone those earning €70,000 and above read full story / add a comment
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international / economics and finance / press release Thursday November 12, 2015 23:40 by DDCI   image 1 image
One year after the LuxLeaks scandal, a new report Fifty Shades of Tax Dodging finds that most EU countries continue to uphold secretive tax systems that are riddled with loopholes. The 2015 Stop Tax Dodging report, released in Ireland on 4th November by Debt & Development Coalition Ireland (DDCI) scrutinises the role of the EU in the global tax crisis. The Irish chapter of the report details how Ireland announced a gradual phase-out of rules that allowed the controversial ‘Double Irish’ tax avoidance scheme, but continues to allow corporate structures operate systems for tax rulings, transfer pricing and intellectual property that allow multinational corporations to avoid taxes on an enormous scale. read full story / add a comment
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