Data from the Survey on Income and Living Conditions 2010, published by the CSO yesterday, shows that in 2010 Ireland experienced the biggest single year jump in income inequality recorded in any country since the EU started recording this data. By Michael Taft.
The plan to postpone the payment of the Anglo Irish promissory note until 2025 is part of a wider attempt to save the asses of the banks by maintaining the fiction they are not insolvent. By Donagh Brennan.
Ann Pettifor has argued regularly that the problems in the British economy stem from the vast level of private sector debt, principally in financial institutions rather than with public sector debt.
We need less talk about "marching toward recovery" and more acknowledgement that we have a way to go before domestic demand bottoms out. By Michael Taft.
The headline reads: ‘GDP rises for first time in four years’. Well, that’s good news. The report goes on:
The household tax boycott is a sign that the Troika has finally gone too far in intruding on the internal affairs of Ireland while leaving the bondholders protected. By John Farrell Clark.
As the song goes from the musical, “the Music Man”:
“Well, either you’re closing your eyes
To a situation you do not wish to acknowledge
Or you are aware of the calibre of disaster indicated
By the presence of a pool table in your community.
Ya got trouble, my friend, right here,
I say, trouble here in River City.”
The Anglo: Not Our Debt campaign group has described the proposed deal on deferral of the €3.1 billion ‘promissory note’ payment due on 31 March as likely to create bigger debt problems for people in Ireland in the long run. The group describes the deal as “a political blunder by a government that has wasted a chance for an immediate write down of Anglo debt.”
There seems to be little interest in why clerical abuse has occurred and what it is within the Catholic culture that has engendered it. By Vincent Browne.
Clerical sexual abuse is inevitable given the meaning system that is taught by the Catholic Church and to which many priests adhere.
Contradictions in that system lead to failure, increase shame and a way of living that encourages deviant behaviour.