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Archive for the ‘National Emergency Plan for jobs’ Category

Paddy Mc Killen and NAMA (2)

Is NAMA capitulating to to-paddy-mckillen

namawinelake | August 3, 2010 at 1:35 pm

source http://namawinelake.wordpress.com/2010/08/03/is-nama-capitulating-to-paddy-mckillen/

News today that Paddy McKillen has at last made the sale of that Bond Street property on which pesky Bank of Ireland had previously put the kibosh. The Irish Times had reported previously in relation to Paddy’s judicial review application: “Mr McKillen claims the loans are “fully performing” and their transfer will have “a seriously detrimental impact” on the value of the underlying properties. For example, he said he planned to sell an investment property on Old Bond Street in London for €18.2 million last May, but when he went to enter a contract on the deal he was told by Bank of Ireland that the sale had to be approved by Nama, even though the loan on the property had not yet been acquired by Nama.”

Well NAMA finally seems to have agreed the sale and Paddy has got his €18.2m which is being described as “exceptional”. The company that sold the freehold in the building on Bond Street was Metrospa Limited which is one of the 15 companies joined with Paddy in his application for a judicial review. And with news that the Maybourne group is close to securing finance from the US property company Westbrook Partners and one other unnamed property trust, one wonders whether there will be any NAMA-eligible loans by the time the application for the judicial review is finally heard.

So Paddy may well keep his assets away from NAMA. Certainly bad news for NAMA as they are increasingly depending on performing loans to avoid having to go cap in hand back to the Department of Finance for yet another handout. Being deprived of €800m-plus of Paddy’s performing loans will hurt.

Comment:
This is bad news for the Taxpayers as we will now end up with all the Toxic stuff and the developers will run away with the choice bits just like I expected they would.
NAMA is a Fraud and a con on the Irish taxpayers
Plain and simple it’s a bailout for the FF Backed developers and Bank fraudsters

New reserve currency

This is big trouble for the USA
WASHINGTON (AP) — Regulators on Friday shut down a Nevada bank, raising to 83 the number of U.S. bank failures this year.
The 83 closures so far this year is more than double the pace set in all of 2009, which was itself a brisk year for shutdowns. By this time last year, regulators had closed 40 banks. The pace has accelerated as banks’ losses mount on loans made for commercial property and development.

The Federal Deposit Insurance Corp. took over Nevada Security Bank, based in Reno, with $480.3 million in assets and $479.8 million in deposits. Umpqua Bank, based in Roseburg, Ore., agreed to assume the assets and deposits of the failed bank.
New reserve currency
We in Ireland are still bailing out bankrupt banks at the cost billions we don’t have causing economic depression for this and the next generation!
With 52 thousand students coming out of our universities and no jobs to go to
alone along with 100,000 people all ready left the country ,and another 53 thousand students leaving secondary education this year
How many of them are going into apprenticeships, jobs or is it emigration for the majority for them
The Unelected Cowen and his band of economic terrorists are helping the top bankers of the state live it up while the rest of us struggle to pay our monthly bills
I say let the bankrupt banks pay their own bills and allow them to fail, just like the Americans are doing in the land of Free markets
Allowing the crooks in the Dail to plunder our natural resources and the wealth of future generations is a crime I personally do not want to be responsible for, when our children ask what you did to prevent it I can show I was active in my opposition and I made a stand
What can you say you did??
It is the responsibility of each and every one of us to oppose this band of thieves we must stand up and take action
Do not just stand by and allow our country to be destroyed by the current government who have sold out to the faceless bondholders in Germany , France and England
Stand up and Fight back now!
Put yourself up for election do not give you vote to any of the current TD’s
We need new blood in the Dail and not Family dynasties
We want a general election now and we need a new community party made up of new local people from ordinary backgrounds that will work for an average wage and not clock up huge self given perks, ending up as millionaires while the rest of us struggle to pay for these perks & pensions
We need real servants of the people and not leach’s sucking the rest of us dry like some of the current shower of TD’s are doing
The next general election must end Gombeenisem for good.
Promise yourself this and we just might save Ireland!

Preliminary Report Into Ireland’s Banking Crisis 31 May 2010

After reading the Preliminary Report into Ireland’s Banking Crisis one can only come to the conclusion that Cowen and Lenihan are Guilty of “Gross Incompetence and Dereliction of Duty”
And should resign immediately and be brought before the courts
on charges of economic treason !

Preliminary Report Into Ireland’s Banking Crisis 31 May 2010

Billions for NAMA and sod the rest of us!

The right to work Campaign (2)

Irish Live Register

Irish Live Register: Rises 3,300 to 426,700 in December; 133,577 added in 2009; Unemployment rate still set to peak in summer 2010

 


Source: CSO

Taken from Finfacts Team
Jan 8, 2010 – 12:30:04 PM

Irish Live Register: The seasonally adjusted Live Register total increased from 423,400 in November to 426,700 in December, an increase of 3,300, according to the CSO.  In 2009 there was an unadjusted increase in the Live Register of 133,577(+46.1%). This compares with an increase of 119,642 (+70.2%) in 2008. The unemployment rate still set to peak in summer 2010.
 
January of this year has represented the spike in claimant increases in any month, with a record 33,000, or 11.3%, rise – – 26,700 additions in February, 20,000 in March; 15,800 in April; 13,500 in May; 11,400 in June; 10,500 in July; 5,400 in August and 600 in September.

The total fell 3,000 in October. and rose 900 in November.

There was an annual increase of 88,273 (+45.4%) in the number of males on the Live Register in 2009 and a corresponding increase of 45,304 (+47.5%) in the number of females.

I have being unemployed since January last year 2009

I was told at the Dole office as I was self-employed for the past few years I was not entitled to any state benefits, no Jobseekers allowance, and I did not need to register every week.

so go and don’t bother us again attitude !

Since I do not qualify for the jobseekers allowance, it would appear that I do not show up as unemployed in the CSO stats.

So now extrapolate this fact to the approximately 65, 000 thousand or so other X self-employed people. Who lost their self support means they had.

These would be chippies, electricians, brick layers and people who have lost their own businesses

And you begin to get the real unemployment figures.

Like every other government in the world this government is fiddling the real figures

I would estimate the real unemployment figures are close to 536,000 Thousand.

The greatest scam is that I paid all my taxes and paid into the PRSI, I also paid all taxes for my staff and I end up with no entitlements!

The lesson here is don’t set up yourself in Business in Ireland

Just go out and try to get a job in the public service

There are approximately 360,000 thousand lucky people already looked after for life.

But if you take in the now subsidized financial sector, and the thousands of guanos and advisers

We must be looking at 600.000 thousand plus.

Every time you here someone talking about the good job the government is doing just ask the question who is paying their salaries, inevitably it is the taxpayers!

Nothing is going to change for the Unemployed unless they get out on to the streets and take action themselves

Join the union for the unemployed

Demand jobs now and not empty promises

Join the CAB to-day

Sign  up and demand an emergency jobs creation and up-skilling program for the unemployed to-day!

 


To All TD’s

Give us jobs, results, not SoundBits!


The Government is busy telling us, they must fix the banking system first and then the finances of the country

This is all well and dandy but what about the likes of the hundreds of thousands of people like me who are unemployed?

Mr Cowen got up in the Dail yesterday and told the people that FAS was delivering courses for the unemployed. This is not what my personal experience shows

FAS was to do a course on web design ,starting on Sep 28th ,I applied for this course in February ,I heard nothing until I complained about the lack of information to FAS and I was called to an assessment exam just two weeks before the course was to begin

Here I was told that the course I was supposed to attend was no longer available; it was cancelled just like that

The FAS teacher went on to tell approximately 28 other people in the class that FAS was cancelling many more courses because of their budget problems

We were then told that the original course was now just 12 weeks (instead of 37 weeks ) and that the modules that were taken out were now included in the new requirements all candidates would have to have to attend the NEW 12 week course

All they did was to cut the original course from 37 weeks to 12 weeks to save money

Needless to say I was not successful in getting on to the new course because of these late changes!

I have heard from FAS in the last week informing me of a part  time course again which is of no use to me as it will not result in me getting any job

What a Joke cutting courses when they should be putting on more courses that have real job’s prospects at the end of such courses

We need Jobs and not time wasting courses that are just filling in the rhetoric of out of touch politicians

An educated, available workforce, is more likely to be offered jobs

We need up skilling and re-education as a matter of national emergency

Where do we fit into your National Emergency Plan???

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