What is truth?

Archive for the ‘action on Jobs’ Category

Ireland’s coalition proposals are strong on rhetoric but need more depth

Taoiseach-in-waiting Enda Kenny will be in at the deep end as Ireland’s coalition attempts to deal with the country’s economic plight. Photograph: Niall Carson/PA

The campaign rhetoric seeps through Fine Gael and Labour’s freshly minted “Programme for Government” unveiled Monday after they agreed the terms of the coalition which hopes to lead Ireland out of recession and the clutches of the International Monetary Fund (IMF).

Its opening gambit is a declaration of “common purpose” noting that on 25 February (election day, in case anyone had forgotten) “a democratic revolution took place”.

It solemnly goes on to talk of Ireland facing “one of the darkest hours in the history of our independent state” and invokes the great Albert Einstein by saying we should “learn from yesterday, live for today, hope for tomorrow” and how an “unprecedented level of political resolve” is needed to get the country on its feet again.

Although it is clear on some things – such as reversing the cut in the minimum wage, which is against the terms of the IMF bailout – by and large the rhetoric in the document is going to get the coalition only so far.

With regard to banking and the IMF/EU bail out, here are the main pledges:

Interest rate
• “We will seek a reduced interest rate.” This it is likely to get as there is wide acknowledgement that the 5.8% rate is unsustainable. The question is how much by?

Credit ratings
• “We will attack the utmost priority to avoiding further downgrading of Ireland’s sovereign credit rating.” It fudges the detail on this though and says it will set further capital spend by the state at “a level consistent with national debt sustaintability”.

Bank recapitalisation
• “We will defer further recapitalisation of the banks until the solvency stress tests are complete.” This is the big one. The PCAR and PLAR tests being undertaken will be complete at the end of March and are widely expected to expose even further need for recapitalisation at AIB. If AIB is worse than expected and Anglo Irish is as bad as chairman Alan Dukes has indicated, could we be talking about a second bailout? Dukes reckons Ireland will have to go cap in hand for another €15bn (£12.8bn) just to save the Irish banking system.

Sale of AIB assets?
• “We remain committed to a smaller banking system” but it says “to limit further calls on the state to cover bank losses from distressed asset sales, bank deleveraging must be paced. This is interesting. The coalition is obliged under the deal with the IMF to shrink the size of the banks but which would cause greater damage – losses from a fire sale or the continuing liquidity problem which require even greater capital injection than presently foreseen. Interestingly, one proposal, according to the Sunday Business Post editor Cliff Taylor, is to split AIB and possibly Bank of Ireland into two banks – one dealing with core assets and the other with non-core assets.

Credit for small businesses
• “We will ensure that an adequate pool of credit is available to fund small and medium-sized businesses.” The devil will be in the detail here as there is a widespread feeling that the lack of credit is smothering SMEs in Ireland. (If you are a small business and have experience of this please email me on guardian.dublin@gmail.com as I would like to return to this issue).

Restructuring bank boards
• “The new government will restructure bank boards and replace directors who presided over failed lending practices.” This is well-meaning but possibly doesn’t go far enough – what about staff in bailed-out banks, senior executives and middle management, who presided over failed lending practices?

End transfers to NAMA
• “We will end further asset transfers to NAMA, which are unlikely to improve market confidence in either the banks or the state.” Again, specifics are needed. It it going to end all transfers that haven’t happened or set a threshold – say all property development loans under €5m?

Transparency at NAMA
• “We will insist on the highest standards of transparency in the operation of NAMA.” Again, what does this mean? Those involved in the establishment of NAMA say it is politically popular to demand greater transparency but that NAMA, like any bank, will retain “customer confidentiality”.

Global pool of finance managers to be assembled
• “We will openly construct a pool of globally experienced finance services managers and directors to be inserted into key executive and non-executive positions in banks receiving taxpayer support.” International banking executives won’t be forming an orderly queue for these jobs unless there is some detail on pay scales and these are currently capped at the highest levels.

All it says on remuneration is this : “All remuneration schemes at banks subject to state support will undergo a fundamental review to ensure an alignment of interest between banks, their staff and the taxpayer.”

Bank bonuses
• “We will ban all bank bonuses …”

… I made that one up. Bank bonuses don’t get a mention, as far as I can see. This is possibly because bonuses in the bailed-out banks were effectively banned by the finance bill rushed through the Dail in January government through a 90% tax on bank bonuses.

However, it is the culture of bonuses even at the lowest levels in banking that lead to the reckless lending in the first place and some sort of policy detail on this would have not gone awry here.

The document is detailed and full of the right kind of rhetoric. For this week. After that it’s straight in at the deep end for the taoiseach-in-waiting Enda Kenny and Michael Noonan, who is expected to be named finance minister as they try to persuade Europe to save Ireland from bailout number two.
source: http://www.guardian.co.uk/business/ireland-business-blog-with-lisa-

TD’s unite to give themselves a pay rise

in case you missed this

By John Drennan

Sunday November 07 2010

As the country faces economic meltdown, TDs and senators are planning to improve their already plush terms and conditions.

An official estimate of the money required to run the Dail in 2011 ‘sneaked’ through the Dail last Thursday reveals that the recession stops at the gates of Leinster House.

Did you Know?

In a touching scene, deputies across all parties suspended hostilities and agreed to the estimates without a single objection.

The estimates reveal that the cost of a Dail which serves fewer people than the population of cities such as greater Manchester, will in 2011 come to €112,983,000 — which represents a drop of just €1.2m (or 1 per cent) on last year’s spending.

But expenditure on the perks and services enjoyed by our TDs and senators will actually increase in certain areas next year.

The cost of salaries for TDs, senators and secretarial assistants will increase, while salaries of staff like those in catering and behind the Dail bar will decrease.

The estimates for 2011 reveal that there will be an increase in the postal and telecommunications service, which allows TDs and senators to send out promotional literature to their constituents.

The budget for delegates to ‘other parliamentary assemblies‘ has increased by 50 per cent and the ‘grant in aid’ for ‘inter-parliamentary activities’ has also increased by a whopping 40 per cent.

Even this, however, is dwarfed by the increase in the budget for allowances in respect of former members of the houses of the Oireachtas, which has been increased from €49,000 to €149,000.

At a time when pensioners fear losing entitlements such as free travel, the estimates also contain an increase of the ‘grant in aid’ to parliamentary pensioners from from €10,084,000 to €10,562,000, indicating that Dail and Seanad pension recipients will be unique within the country in actually securing an increase next year. The estimates also reveal that there will be a substantial increase in the Budget for televising Dail and Seanad proceedings, which provides TDs and Senators with much-desired coverage.

Though some minimalistic cuts are revealed in the anticipated expenses of TDs and senators, one source noted that “when the increases are taken in the round, TDs and senators will not be losing a penny in salaries and expenses next year”.

– John Drennan

Sunday Independent

Comment

Here we have a perfect example of our public representatives sucking us dry  these blood suckers will still have a neck to come calling in the next few months to our doors our homes and tell us how hard things are going to get and they are the people to make the hard choices on our behalf  and we should vote them back into the Dail .

 Do not vote in any of the existing TD’s ever again  give them their P45 ASAP

He could be talking about Ireland

I agree we need to be concentrating of  industrious business ,why can’t I but Irish made shirts, shoes, Irish made bicycles, for god sake Irish made anything?

75% of our business here in Ireland is services, and we are now been forced to become debt servicing junkies by Cowen and his cronies.  

Unless we get up off our collective backsides we will be forced to vote in twiddle dummer when we get rid of twiddle Dee

http://www.youtube.com/watch?v=Kja5aCYuocU&feature=player_embedded

Taxpayers getting shafted once again

The Irish Times – Tuesday, November 2, 2010

Q&A

MARTIN WALL

Who will benefit from the early retirement/voluntary redundancy schemes? 

The schemes will be primarily aimed at staff in managerial/administrative and clerical grades in the HSE, voluntary hospitals and in voluntary health service agencies funded by the HSE. They will also be offered to support staff, such as catering, portering, cleaning and maintenance personnel. Approval for applications from these grades will depend on the number of management and administrative staff who apply and on the basis of the overall budget for the scheme not being breached.

How many people will leave? 

This will very much depend on the categories of staff who opt for the packages. The Government has capped the budget for the schemes at €400 million and if a large number of senior managers choose to go, it will restrict the overall numbers.

Minister for Health Mary Harney said about 4,000 managerial and administrative staff could leave. The HSE said it was estimating that between 3,000 and 5,000 personnel could go.

How do the two schemes differ? 

There is a voluntary early retirement scheme, which is open to employees over 50. This provides for immediate payment of pension entitlements on retirement with no actuarial reduction in respect of payment prior to minimum retirement age. Full lump-sum entitlement will also be paid and payments will not take into account the salary cuts introduced in the public service earlier this year.

The voluntary redundancy scheme will involve a severance payment of three weeks’ pay per year of service in addition to statutory entitlements, subject to an overall limit of two years’ pay. This could see some senior managers getting €300,000.

Is there a deadline for applying? 

Applications will have to be submitted by November 19th. Staff who take a package must leave the health service by December 30th.

Will all applications be accepted? 

Applications from managerial/ administrative staff will be prioritized and will be approved automatically, subject to the overall €400 million budget not being breached.

How will services be maintained? 

Management plans to use the provisions of the Croke Park agreement to redeploy staff or introduce more flexible work practices. Much will depend on the type of staff who actually leave. It may be easier to maintain services in administrative areas than if a large number of porters or catering staff, for example, from one organization took the packages.

Why are these packages on offer now? 

Since the establishment of the HSE in 2005 there have been questions raised as to why there was no rationalization of administrative and managerial staff given that 11 health boards were being amalgamated. On at least two occasions in recent years the HSE and the Department of Health drew up proposals for a voluntary redundancy scheme but these were rejected by the Department of Finance.

source http://www.irishtimes.com/newspaper/ireland/2010/1102/1224282482579.html

Comment:

Having signed the Croke Park deal the government now have realized it was a disaster for the taxpayers of the country with 70% of the Health Services Budget going on salaries, this commitment should never have happened because the country could not afford to shelter any group of state employees if it was going to make any real savings  

So Not only is the HSE now closing down services and hospital beds they have now found 450,000,000:00 Euros to allow these middle management to retire laden down with these bumper benefits

Earlier this year we were told citizens will have to work an extra 3 years for the state pension (68)

With this deal thousands of state workers get to have their state pension up to 18 years earlier and this when the country is broke?

We the taxpayers were told back in 2005 that the rationalization of administrative and managerial staff was one of the reasons for the establishment of the HSE in the First place, given that 11 health boards were being amalgamated.

Now the taxpayers are again getting a raw deal here and the ordinary Joe public is been shafted once again having to foot the bill again! If you thought things were bad in the Health Service think again we are about to feel real pain now thanks to Harney.

Harney your hands are stained with blood and you know the country hasn’t got this 450 million it has to be borrowed why don’t you go and take all your cronies with you?

Green’s still supporting the Fianna Fail mantra

The Green Party has pledged to pursue a major reform agenda over the next Dáil term in a bid to ensure there is no reoccurrence of the banking crisis.

Speaking after the party’s think-in in Co Carlow, party leader John Gormley said “restoring financial stability and reforming the banks and the planning system were a priority”.

“We must learn from the lessons of the past and make sure that the problems we are now facing, never happen again,” he said, adding that the party wanted to restore the public’s faith in politics and State institutions.

He said measures have already been taken to stabilise the banking system and the planning process was being overhauled.

The party also said it wanted to see the introduction of a ban of corporate donations and a directly-elected mayor for Dublin.

He said reform of local government and the establishment of a new electoral commission “will see the biggest shake-up in Irish politics in decades”.

Other priorities include the introduction of the Climate Change Bill and measures to improve people’s quality of life, such as a Bill on noise.

 

Comment:

Well there you have it, the greens solution to all our countries problems

Keep dumping billions into bankrupt banks and bail out wealthy developers and keep Fianna Fail in power as long as possible.

Overhaul the planning process, with little or no building going on that should not be a problem!

500,000 citizens will be delighted that your top priorities are for a climate change bill

(Whatever that is) and making criminals out of noisy neighbours.

Sorry no jobs stimulus package, no re-training program, no new measures for mature students to get back into education, in fact absolute nothing, not even the word  job” is in the  party’s think-in, in Co Carlow.

But wait they might want to have the nations butterfly population counted, now that would keep some of the unemployed busy!

These power addicts will not get the time of day when they go knocking on peoples doors here in Wicklow .They have shown their true colours by adopting  the culture of Fianna Fail spin and cronyism and consequently  they have dumped their core values shame on them!

They have helped to rune this country by agreeing to Fianna Fail’s demand to set up NAMA.

They have helped to pour billions into the toxic Anglo Irish bank and colluded with Fianna Fail to deprived citizens of their right to political representation by holding off on local elections.

There are not the same greens that presented themselves to the Irish public.

They did not tell the voters that they would sell out to Fianna Fail if offered merks and perks and ministerial positions

They can make all the promises they like now, no one will ever trust this green shower ever again!   

Cowen continuing to waffle “That morning radio interview”


Listen to the apologizers for Fianna Fail and at the end Brian Clown telling the reporter not to engage in defeatism as a way of deflecting the hard questions
“There is nobody else “says another Fianna Fail supporter as if that was enough to secure their further tenure in the Dail.
This behaviour from Cowen is an affront to the public’s intelligence!
Notice how he brushes aside the concerns of a young person
Apologists for Cowen are currently on the live line show and the just is at a certain age men have a difficulty with their voice early in the morning: What Bull!
I am 4 years older than him and I don’t have any problems with my voice
Jesus how stupid do they thing the general public is? Listen Here
REC003

Why should it be any different here in Ireland?

Economic uncertainties around the world are expected to provide continued support for gold these concerns have led investors to gobble up gold in the second quarter
The World Gold Council said demand for gold-backed exchange-traded funds rose 414% compared to the second quarter of 2009
Why?? People just cannot ignore what they see on the ground
With next to no credit available, Unemployment still is rising(currently at 13.5% ) and emigration heading to record highs here in Ireland.
Announcements from incompetent government ministers who have lost all creditability with every figure coming from the department of finance been wrong be miles what do you think savvy investor are doing?
Investors are making the switch from buying gold only in times of crisis to having gold as part of a diversified portfolio
So if the savvy investors don’t believe the Department of Finance why should the ordinary Joe soap?
The fact is that governments around the western world are lying to their peoples and we in Ireland should expect nothing better from the crooks that are running our country
In my opinion we are heading Down Down Down as long as these GobS**** stay in power
We need a Government that can layout the true facts, come up with a realistic solutions however though it may eventually be and a time plan so we the people can see a what progress is been made
however difficult .
Once the markets know exactly what the facts are it will react and recover and we can expect to see confidence come back into the economy
we need a general election as I believe we are been kept in the dark by the ruling élite that are hiding the true scale of the financial disaster we are now in, caused by the very people that they are hell bent on bailing out !
Come clean now!

These stooges obviously don’t read the papers

More proof that the Banks are in fact calling to tune with regards to the running of our country
Cowen and Lenihan have swallowed hook line and sinker the notion from the other Bank Lords that no Irish Bank must be allowed to fail because of the damage that will be done to the financial viability of our nation state
Wake up lads nobody would touch us with a mile long barge pole!
These stooges obviously don’t read the papers and they sure don’t take sensible advice even when the pay through the nose for it.
Look at this article U.S. Bank Failures In 2010 Surpass 100
If the US the center of capitalism in the world can close down 103 Banks this year alone we in Ireland can let a corrupt private Bank go down the Toxic Toilet it has made for itself!
It’s like telling the Captain of the Titanic there is an Iceberg dead ahead and there response is
The Titanic is unsinkable according to the instruction manual and so we should stay the course

John Drennan of the sunday independant on Calley

No amount of houses, yachts or portraits would ever fill Callely’s desire to be noticed,
writes John Drennan

He may now be more famous than Brian Cowen, but the strangest thing about the summer phenomenon of 2010 is that we know so little about the secret soul of Senator Ivor Callely.
We know Callely is a one-man poster boy for the venal cupidity of a political system, but what was it within Ivor that led to his current desolate state where he is poised to experience the rare ignominy of being expelled from the eternally forgiving Fianna Fail family?
It was a little bubble world in which Callely once could dream of full cabinet ranking and, if the fortune-teller in his childhood was right, maybe even the Presidency.
Sean Haughey may have taken Haughey peer’s seat in Dublin North Central, but, as the old dears squawked approvingly about that “young Ivan (sic) Callely”, Ivor believed he was the constituency boss and the real spiritual heir to Haughey. The dreaded days when a braying posse of supporters would crowd into the Dail bar in a fug of cheap cologne and dear suits are gone, for Ivor is no longer a political thug in a pink shirt knocking at the doors of the Cabinet.
One of the unwritten rules of Irish politics is that if you remain within the sanctuary of the Dail club even if you get into trouble nothing too bad can happen to you. But, if you sin sufficiently to be cast adrift, then you are in a world of trouble.
It is no wonder, therefore, that Ivor is not looking so chipper these days, for even his own are praying that this grotesque drama can quickly be brought to conclusion.
When other black sheep have arrived back to the Dail bar after their travails, they have been greeted with a great throaty roar that could be heard in the corridors.
In contrast, Callely has no one to advocate for him, or to even smile when this political ghost returns to Leinster House.
Some would say that Ivor is where he is now because he is simply stupid.
It certainly takes a special sort of idiot to be sacked as a junior minister, but his tragic flaw is deeper.
It would be excessively cruel to claim Ivor does not have a soul, but he does suffer from the toxic combination of a monstrous ego and a complete lack of emotional intelligence.
The most intriguing feature of the life of Ivor Callely is that there is no record in the secret oral histories that all TDs and senators have about their colleagues of a single act of generosity or kindness.
Though he was a political Rain Man who was only interested in Ivor, Mr Callely had his political role models. Bertie, in one of his incarnations as a municipal socialist, spoke famously about how he never wanted islands or yachts or any of that stuff.
But, while Ivor wanted the lot, there was a critical difference between him and Haughey.
With Haughey the yachts and the rest were trappings, for what really drove the former Taoiseach was a complex series of desires incorporating genuine patriotism and, of course, his own personal aggrandisement.
Ivor, however, had no real reason for being in politics beyond the desire for personal glory.
In that respect, he really was, in political terms, a boy without a soul.
The problem with the monstrous ego which fuelled the career of Callely wasn’t just that no amount of statues, houses, yachts or portraits would ever fill his desire to be noticed. The consequent absence of emotional intelligence meant that when the inevitable great fall arrived he was without a single friend.
We should be careful not to turn Ivor into a mythological figure, for Ivor Callely is a greedy, self-centred fool. Rather like his suits, he was one of the more lurid examples of how Fianna Fail betrayed the principles of the Republic, and itself, out of greed.
Even in the good times, his self-obsession meant that even in this most clubbable of places Ivor was always alone.
But now, at this nadir, Fianna Fail’s new Guy Fawkes is most assuredly on his own. And though he is an unlovely creature it is still a cruel, if deserved, place in which he now finds himself.
– John Drennan
Sunday Independent

Comment
Well, what can I an ordinary Joe soap add to this excellent summation of the current mêlées that has befallen Mr.Ivor Callely?
The most obvious omission of course is if you were to ask any person on the street without mentioning Mr.Callely, s name you will most likely hear a different TD, s name or Senators Name !The reason is amply expressed in the above article
Most of the people’s servants are perceived by the general public to be “in it for themselves “they are totally out of touch with the ordinary people on the street
Hold up in their ivory tower that the Dail has become they constantly shuffle for camera time and the babble out of their collective mouths is in stark contrast to their body language. If you don’t believe me just turn off the babble and just look at the pictures
anyone with a bit of life experience will immediately see that these people are just going through the motions and it is also plain to see that they don’t really know what they are talking about.
the Dail membership becomes the soul purpose for these addicts of power, its perks and the association of such power the promises dispensed during the election campaign are long forgotten and the new mantra is all hail to the local Gombeeen whom we are all now destined to come crawling to if we lose our jobs or need to get a bed in the local hospital or have the local river cleaned up
Make no mistake Ivor Callely is a saint when it comes to the real sliveens in the Dail

the system is totally rotten !

Sharp rise in Live Register figures

Sharp rise in Live Register figures

The number of people on the Live Register in July climbed by 8,500 to 452,500.
Read the report
The Central Statistics Office said this was the biggest rise in the seasonally adjusted figure for a year.
Women accounted for more than half of the increase.
The unadjusted figure showed that there were 466,800 people signing on, an increase of almost 14,000 from June.
The CSO said the unemployment rate rose to 13.7%, from 13.4%, in June.
The data also shows that the largest number of people signing on were professionals, who made up more than a fifth.
The next largest increase was in the category of clerical and secretarial workers.
The Live Register includes some part-time, seasonal and casual workers.
It is not designed to measure unemployment, though it is regarded as the most up-to-date indicator of the state of the jobs market.
Jobs crisis
Minister for Social Protection Éamon Ó Cuív said that while the figures are at a very high level, it was worth noting that the figures rose more slowly in July than in June.
He said it showed that the Government’s hard choices had brought stability to the economy.
On long-term unemployment, he said two out of every three unemployed people leave the Live Register within six months of signing on.
However, Labour’s Willie Penrose said the figures proved that solving the jobs crisis had dropped to the bottom of the Government’s agenda.
He said the Fianna Fáil-Green Party Government was like ‘a deer caught in the headlights’, when it came to tackling the problem.
Sinn Féin’s Arthur Morgan said the prognosis for recovery was ‘dire’.
The Irish Congress of Trade Unions said the Government’s policies of massive cuts were deflating the economy.
The statement concluded that further deep cuts in the Budget and panic reactions to sell-off the family silver would only exacerbate the crisis.
NCB Stockbrokers economist Brian Devine described the data as discouraging.
While small business lobby group ISME said the true extent of people losing jobs was obscured by emigration.
Its chief executive Mark Fielding said a whole generation of young education Irish were becoming economic migrants.
Redundancies
Separate figures from the Department of Enterprise, Trade & Innovation show that redundancies are running below last year’s levels, though the figures remain high compared with 2
5,298 lay-offs were notified to the Department in July, down 15.7% from the same month last year.
For the first seven months of the year, redundancies are down almost 20% from the same period last year at 39,105.
This is still, however, not much less than the 40,000 recorded in the whole of 2008.

Comment:
A message from someone dumped on the scrap-heap
No matter what way you try to spin out of these figures Mr. Ó Cuív they are still not the true figures which I believe to be in and around 675,000
You and the rest of the current government squatters and the rest of the political establishment should hang your collective heads in shame!
To the people of Ireland I beg you
For God sake please do not vote any of the current TD, s back into office
let’s have a complete clean sweep .

Tag Cloud