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anti establishment? anglo Irish? Pull the other wan

The Knowledge Economy is officially dead. Yesterday saw the birth of the Pillage Economy.

Perhaps the most depressing moment of all yesterday was the illustration, as mentioned above, that we deserve what we get from the people we elect as we listened to a dialogue of morons between Ned O'Keeffe and Michael Ring. As these two chimps were yelling "g'up the yard" at each other across the floor of our legislature, our elected leaders were trying to convince us that the world looks to model itself on how we conduct our affairs.

there are other countries who are just as banjaxed, Hardy

Haldane said there had been permanent damage to the global economy caused by the banking crisis and that if all of it persisted the loss could be as high as $200tn , of which Britain's share would be £7.4tn."Banks would not have deep enough pockets to foot this bill. Assuming that a crisis occurs every 20 years, the systemic levy needed to recoup these crisis costs would be in excess of $1.5tn per year. The total market capitalisation of the largest global banks is only around $1.2tn. Fully internalising the output costs of financial crises would risk putting banks on the same trajectory as the dinosaurs, with the levy playing the role of the meteorite."http://www.guardian.co.uk/business/2010/mar/30/andrew-haldane-break-up-banks

The UK simply can't afford another crisis or a deepening of this one.  Neither can the states.
The whole model of finance as we know it is far more dangerous than anyone in power is willing to admit. 

The finance sector has exploded over the last 20 years and any boom in those years has been down to excessive risk taking by the banks and houses of finance. In the real economy wages have not been growing in line with economic growth. Most of the growth of the last 10 years was illusory.

I read this book recently and really enjoyed it.

http://www.amazon.com/Great-Financial-Crisis-Causes-Consequences/dp/1583671846/ref=sr_1_1?ie=UTF8&s=books&qid=1270031052&sr=8-1


"the book analyses the structural problems of U.S. capitalism in its chronic tendency toward stagnation rooted in inadequate business investment leading to slow growth, unemployment of labor, and low utilization of capital. This book makes the case that the excesses of financialization and the widening inequality of income distribution are themselves indirect effects of stagnation in the real economy"

Your average FF TD is not designed the kind of thinking that is now required on mainstream economics. It's like asking Neidin the donkey to run in the Gold Cup.

Credit where credit is due.

but there is no credit!

[have]

One question only

Why do anglo bond holders have to be paid ?

the billion dollar question. Probably someone told Lenihan it couldn't happen.
Under Chapter 11 bankruptcy in the US apparently the holders of less senior debt get wiped out. 
They took the risk and they pay for failure. In Ireland the taxpayer takes the hit. There is no hope of ever getting the money back from Anglo.

NAMA won't do anything to help Ireland's productivity problem.
FF inflation was great craic while the party lasted but now someone has to pay for it.  The next few years are looking very austere. Hopefully Galway hurlers will bring some joy along Otherwise a Mayo all-Ireland would do the trick. 

Is the gilmore's groin injury anything to Tom Joe ?

I'm up for Mayo Farrandeelin if that's any use.

Ah lads, ignore that alp from Down. I was more than surprised to see Galway winning on Saturday. It's hard to believe that Galway are safe.

If it wasn't for those pesky heron chokers Mayo would have gotten away with it.
Come on now Mayo. It's win the league or get off the pot.

I know from living in Egypt that people living in Alexandria (the second city) have a persecution complex when it comes to talking to people from Cairo which is a bigger city. And people from Cairo and the rest of the country find them insufferable. And in India it's the same between Bombay and Delhi. But Reillers you really take the biscuit .    You could only be from Cork.

Carlow seem to be doing very well this season with wins over Limerick and Wexford and coming to within a point of Clare.
What's the story ?

Great win for Galway against the cats. With the footbballers winning against the dubs a good weekend for the county and a nice change from a few weeks ago with the losses to Tipp and Kerry. 

Agreed. If Mayo win tomorrow, we 'only' need a point against Cork to get to league final.

The Dubs look to have more flop potential than Mayo considering they still have throne to play and they lost a handy match against Galway who have a number of injuries etc etc. So up Mayo. If ye lose Galway would still be in with a chance of the final, unbelievable really.   

Dublin 0-13 Galway 1-14

A great win there and to hell with tradition

Why is it that Galway have such a bad record against the Dubs?

Galway team named:

1 Éoin Ó Conghaile Éoin Ó Conghaile Leitir Mór
2 Daithí Ó Raghallaigh David Reilly Mionlach
3 Finian O hÁinle Finian Hanley Bothar na Tra/Cn na Cathrach
4 Damien Dé Burcha Damien Burke Corafinne
5 Deaglan Ó Miochain Declan Meehan Cealltrach
6 Diarmaid Dé Blacha Diarmuid Blake Baile Mhuilinn
7 Gearóid Bradseach Garreth Bradshaw Maigh Cuilinn
8 Baróid Ó Cuilleanáin Barry Cullinane Baile Clár na Gaillimhe
9 Niall Ó Colmáin Niall Coleman Anach Cuain
10 Gearóid Ó Saigheas Gary Sice Corafinne
11 Fiachra Breathnach Fiachra Breathnach Leitir Mór
12 Seosamh Ó Beirgin Joe Bergin An Creagán-Maigh Locha
13 Éoin Ó Concannáin Eoin Concannon Naomh Sheamus
14 Nioclas Seoighe Nicky Joyce Cill Fhir Iarainn
15 Maitiú MacFhlannchadha Matthew Clancy Uachtar Ard

Who puts the Erse on the names?  Dé Burcha  and Dé Blacha are wrong. there are a few fadas missing as well .
Go bhfoire Dia orainn.