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national / economics and finance Déardaoin Samhain 24, 2016 03:56 by1 of Indymedia
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We are republishing this article by Stephen Donnelly TD who has been doing great work in exposing how Fine Gael have gone out of their away to facilitate vulture funds who are now preying on ordinary people by charging exorbitant rents and fueling the current property and are replacing the English absentee landlord of centuries past, with ruthless vulture funds capitalists of this era and essentially introducing a form of neo-fuedalism as increasing huge swaths of the population are either priced out of buying homes, or are signing up for debt that last close to a lifetime.

national / economics and finance Dé Máirt Feabhra 02, 2016 23:11 byT
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Trajectory of Irish Banks

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."

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textPuerto Rico Oversight Board Warns Island Can't Pay Vital Services 20:53 Céad 08 Márta by Greg Williams 0 comments

The Financial Oversight and Management Board of Puerto Rico warns "the Commonwealth soon will be unable to pay essential services, including pensions, education, healthcare and public safety,"‎ as soon as June.

textTreasury Extends Anti-Money Laundering Luxury Real Estate Regulations 19:05 Déar 23 Feabh by Greg Williams 0 comments

Treasury's Financial Crimes Enforcement Network (FinCEN) renewed requirements for title insurance companies to identify the real owners behind shell companies in six major metropolitan areas.

textPuerto Rico House Approves Public Utility Reform Bill 20:03 Máirt 16 Feabh by Greg 0 comments

Puerto Rico's House of Representatives approved legislation to reform its highly indebted public utility company "PREPA."

textCo. Clare TTIP Free Zone! 22:52 Déar 11 Feabh by No to TTIP 0 comments

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.

poland_vs_ttip.jpg imagevideoCommission defends inclusion of Health in EU-US TTIP trade talks 23:29 Luan 01 Meith by No to TTIP 1 comments

The EU's negotiating team for pharmaceuticals, medical devices and cosmetics in the Transatlantic Trade and Investment Partnership (TTIP) met with civil society organisations inside the Commission on Wednesday (27 May) to defend the inclusion of the health sector in the trade deal.

In Europe, universal healthcare is a source of national pride, as well as a constant subject of debate. So, the inclusion of a healthcare chapter in TTIP has triggered heated reactions from health NGOs and trade unions, who are wary of an American-style liberalisation of a heavily regulated sector.

textGovernments Negotiate UN Agreement on Global Development 18:07 Céad 13 Beal by Sophia Har 0 comments

The United Nations, International Monetary Fund (IMF), World Bank and finance ministries are meeting in New York to finalize an agreement for the Financing for Development Conference (FfD) to be held in Addis Ababa, Ethiopia, in July.

textWorld Bank Announces Package of Aid and Loans to Ebola-Affected Countries 15:22 Aoine 17 Aib by Sophia Har 0 comments

The World Bank announces $650 million in new concessional loans and grants for Sierra Leone, Guinea, and Liberia at the start of the Spring IMF and World Bank meetings.

textIMF Reports Debt and Human Crises Drive Uneven Growth; Global Stability and Economic Outlook Reports... 15:30 Céad 15 Aib by Sophia Har, Jubilee USA Network 0 comments

The IMF issued a report today showing that debt and human crisis are driving inequality and financial instability. Jubilee USA Network calls for the establishment of structures to stabilize the global financial system and to protect low-income communities. The Ebola epidemic clearly demonstrates the need for these structures.

textDid Steve Keen Get It Right? Feabh 10 by Paddy Hackett 0 comments

Steve Keen is the author of Debunking Economics. He is critical of Neo-Classical Economics

text#NAMA – Vulture Funds Win, Taxpayer Loses… Meith 23 by postman 0 comments

The drip feed of questionable deals carried out by NAMA is well under way. Regularly now, we see information reaching the public domain whereby NAMA have sold stressed assets at less than their real value and the purchasers are turning them over within 2 years, at profit ranging from 30% to 40%/ The purchasers are mostly foreign investment funds – ‘vulture funds ‘ – who have picked on the carcass of the stressed Irish property market. Many of them have retained the assets, and become serious players in the residential rental market in Ireland, especially Dublin, and have developed a controlling influence, managing to drive up rents astronomically in our capital city. This all doesn’t make them evil people – they just do what they do, it’s called unfettered Capitalism - our problem as Irish citizens is that our Government have allowed a situation to develop whereby the vulture funds win and the Irish tax payer loses. And our present Neo Liberal Government think that this is all fine. I believe otherwise. Here’s my Leader’s Questions with Taoiseach Enda Kenny this week, who knows that all is not well. -

textLegislation Combats Shell Company Corruption Meith 28 Jubilee USA Network 0 comments

Representatives Carolyn Maloney (D-NY) and Peter King (R-NY) heralded the House introduction of the Corporate Transparency Act at a press conference at the House Triangle. The bill aims to prevent shell companies from hiding corrupt and criminal activity. ‎

textProceeds of AIB shares should be for public investment – TASC economist Meith 02 Think-tank for Action on Social Change 0 comments

reland must assert its sovereignty and invest the proceeds of the AIB shares in public infrastructure, according to leading economist, Paul Sweeney of TASC.

The main reason for investing this capital in Ireland, Mr Sweeney said, is that it generates bigger returns than the savings on the interest on the national debt. Furthermore, the extraordinarily low level of public investment is manifested in the housing crisis and hospital overcrowding.

imagePDF DocumentPEOPLE’S NEWS -Issue No. 165 - 8th April 2017 - How Banks are Avoiding Tax Aib 13 0 comments

Yet another issue of the bi-monthly People's News has been published just last week and it carries an important story reproduced here on how the banks are avoiding paying tax, some at low rates comparable to the Apple deal at 2%.

There are other important articles carried too including a look inside NATO and how it's creeping influence over the EU is growing.

Yet another bank rip-off—facilitated by the Irish government
and
A look at NATO’s web site

imagePDF DocumentAAA Budget Statement – From Corporate Tax Haven to Socialist,Green Economy DFómh 31 0 comments

The Anti-Austerity Alliance have produced their own budget statement titled ‘From Corporate Tax Haven to Socialist Green Economy.’

This document stands alongside and compliments the joint statement issued by AAA-PBP. It outlines a detailed vision for the steps which need to be taken economically to transform the economy and society into one which puts the needs of people and the environment before the profits of big business and the capitalist system.

imageGovernment Telling Lies To Protect Apple MFómh 12 People Before Profit 3 comments

The political establishment have been left reeling by the size of the award made against Apple. They have launched an all-out propaganda war to try to recover ground.

Here are some of the lies and half truths:

‘The EU is attacking Ireland’s sovereignity’ . The same politicians who meekly accepted orders from the European Central Bank to pay out €64 billion in bank bail-outs have suddenly discovered nationalism.

When it comes to water charges or the privatisation of Aer Lingus they tell us to obey the Brussels bureaucracy. But it is a different story when there is a threat to the ‘tax planning’ industry that is staffed full of accountants and lawyers. Then all of a sudden it is time for the green jersey.

The global elite are under pressure and this is leading to splits and divisions. When this happens they spill the beans on how their system really works.

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