What is truth?

Archive for the ‘action on Jobs’ Category

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 .

Why is NAMA calming that it was not a public authority?

EU Commissioner’s preliminary decision on NAMA
Who is controlling NAMA?
Why is NAMA calming that it was not a public authority?
Is it in order to be able to escape having to supply information on its activities to the public via Freedom of information act?
see what the EU Commissioner’s preliminary decision is 35189551-NAMA-Preliminary-Decision-Reply
to recap this is what NAMA is suposed to be according to the finance Minster
10. NAMA is established as a separate corporate body with a board appointed by the
Minister for Finance under the control of the NTMA. NAMA as a corporate entity will
arrange and supervise the identification of property-backed loans on the books of the
qualifying financial institutions in the State but will delegate under its control the
purchase and management of those loans to a separately created special purpose
vehicle (the “SPV”)2. 95% of the consideration for the purchase of the loans will be
financed by securities guaranteed by the government and the remainder with non-
State guaranteed debt.

11. The SPV will be a separate legal entity with a subscribed capital of !100 million
with private investors owning 51% of the equity and the remainder owned by NAMA.
Given that the SPV is 95% funded by the State however, NAMA representatives on
the board of the SPV have a veto over all decisions of the SPV board that could
affect NAMA or the Government.

12. The SPV will seek to make a profit through the management of the acquired
assets during the lifetime of NAMA, however given that the SPV debt will be
guaranteed by the Government the distribution of the SPV profits to the private
shareholders will be capped and the remainder will accrue to the State.3 The details
of the distribution of the SPV profits are not publicly available.

Now who is in control of this SPC?
Why the investment arms of the three major Irish financial institutions (IL&P, BOI, AIB) thats who! The very vehicle that is there to rescue their own corrupt companies.link here

This is outrageous! Lenihian and his cronies has pulled a con on us all,
The same gangsters that have caused this whole financial collapse are now running NAMA.(The Bankrupt Banks ,have effectively taken control of 80 billion worth of assets for 100 million investment )the barging of the millennium
And it should come as no surprise to see the NAMA board try now to extract themselves from having to answer the hard questions from the probing general public through the Freedom of information act
When will the Irish people rise up and stop this fraud?

Central Bank report for Quarter 2

Just more lies?
Central Bank report for Quarter 2, NAMA’s resident and non-resident borrowers
namawinelake :
source http://namawinelake.wordpress.com/2010/07/31/central-bank-report-for-quarter-2-nama%e2%80%99s-resident-and-non-resident-borrowers/

The wide-ranging quarterly Central Bank report and forecast published yesterday contains some interesting nuggets on NAMA and Irish property in general. On NAMA, it publishes information on the first tranche which hasn’t been publicly seen before, namely a split of the first tranche loans between resident and non-resident borrowers and also gives the provision the banks held for the loans transferred. The information is on page 39 of the report and is summarised here.

Of note is that the writedown by NAMA on the loans (49.6% in total) comprises a writedown by the banks themselves (23.7%) and NAMA’s additional write-down (26.9%) – given that Anglo’s accounts were published on 31st March, 2010 and INBS’s accounts were published on 9th April, 2010 and they each contained the government’s recapitalisations announced on 30th March, 2010, it is indeed amazing that they were showing their provisions at such a low level – was it a case that the accounts were produced many months earlier and only amended for the government’s injections of capital – wasn’t there any attempt to show the imminent NAMA haircuts? As to the split between resident and non-resident, I’m not sure how much can be deduced. For information the following were reported by the media (not confirmed by NAMA and indeed Paddy McKillen’s spokeswoman has denied that Paddy was in tranche 1) as being the Top 10 developers in the first tranche – spot the non-residents!
Liam Carroll
Bernard McNamara
Sean Mulryan
Derek Quinlan
Paddy McKillen
Treasury Holdings
Michael O’Flynn
Joe O’Reilly
Gerry Gannon
Gerry Barrett
As to what the Central Bank say in their report on page 39 about the write-downs with respect to residents and non-residents they are talking rubbish – the figures show that the resident loans had greater write-downs at both the banks and at NAMA.

Transparency in Ireland

Absolutely nothing has changed almost a year later
Cowen is still in charge and is still the 4th most highly paid politician in the world
Just think about that.
Dr. Constantine Gurdgiev sets out the real numbers and they speak for themselves
we are kidding ourselves if we chose to ignore these facts
The insiders still hold all the power in this country and they are responsible for the mess we are in
They are also trying to convince the people of Ireland that they have the answers to our problems
How depressing! We must wake up and rid ourselves of these incompetent baboons that are ruling our country


Action on Jobs now

In response to the students call for a demonstration because of the lack of jobs for graduates.

It’s not just those of you that have had the privilege of getting to University in the first place are stuck on the scrap heap!
But most of us of the 60,,s and 70,s generation did not have this privilege of going to university
Either way I wonder now if it would have made any difference! As we are all now facing the Dole for the next 10 years or more?
The Unemployed (all of us) should unite and we will become the largest pressure group in the country and only then will we be able to force the corrupt squatters in the Dail to do something about our job prospects.

Tag Cloud