Posts Tagged ‘ireland’

A Couple Of Interesting Thoughts

Here are a couple of the more interesting ideas I’ve run across in the past couple of days. Though you are probably like me, bored to death with blog posts on income inequality, Scott Winship has come up with an interesting theory. He postulates that the much lamented increase in inequality in the US might [...]

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The EU Tries To Save Ireland And Itself

Well, Act l of the Irish soap opera appears to have concluded today.  As expected, the EU and various other European states stepped up to provide a fistful of money for Ireland to finance its ongoing borrowing requirements and to once more try and recapitalize and fix its banking system. The Business Insider and Joe [...]

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Ireland: Just The First Car To Go Off The Tracks

I’ll admit to it if you will as well. I’m fascinated by the falling dominoes in Europe. It’s like watching a train wreck happening in slow motion while various commentators tell you what you’re seeing isn’t really happening. Some of the better thoughts on the subject include: Tyler Cowen: In a nutshell, we’re watching the [...]

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No Smiling Eyes In Ireland These Days

Irish economist Morgan Kelly’s Op-Ed on IrishTimes.com is getting lots of play today. In it he puts forth three propositions. The Irish bailed out the European banks by repaying the loans that Irish banks took out with U.K., French and German banks with money borrowed from the ECB. In doing so, Ireland missed the opportunity [...]

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Ireland Tries To Dig Out Of Its Fiscal Hole

Ambrose Evans-Pritchard writing in the Telegraph reviews the catastrophe that has befallen Ireland. Events have already forced Premier Brian Cowen to carry out the harshest assault yet seen on the public services of a modern Western state. He has passed two emergency budgets to stop the deficit soaring to 15pc of GDP. They have not [...]

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Obama’s Tax Plan May Sink Ireland

Good intentions and unintended consequences often go hand in hand. As President Obama’s plans for revamping the country’s corporate tax regime unfolds we’re likely to see that combination played out again and again. Exhibit one comes from the Telegraph.co.uk which points out that the new plan could¬†devastate Ireland. Whatever the eventual impact on companies, the [...]

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Ireland Going The Way Of Iceland?

Is Ireland the next Iceland? That question might have seemed preposterous six months ago. Today it’s hard not to answer it in the affirmative. The country’s banks are teetering on the edge of nationalization as they continue to hoard rather than lend money the government has injected into them. Unemployment is forecast to rise as [...]

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