Show Posts

This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.

Messages - seafoid

Pages: 1 ... 1278 1279 [1280] 1281 1282 ... 1368
f**k I love cricket, me.

Hey if you're getting on the band-wagon at least have the manners to do some research first and throw some 'facts' around.
I was in Bangalore when India won it in 2003. Can I climb aboard now?

AFAIK India only won it once, in 1983. Barney Rock was on the team.
Aye you're right, had it in my head that they won it but they were well beat by the Aussies.

In India last week the bookies had India favs at 3/1 and Australia at 6/1 and I was thinking they were crazy. Australia don't choke like India.

f**k I love cricket, me.

Hey if you're getting on the band-wagon at least have the manners to do some research first and throw some 'facts' around.
I was in Bangalore when India won it in 2003. Can I climb aboard now?

AFAIK India only won it once, in 1983. Barney Rock was on the team.

England have a draw and a loss after 2 matches. Not ideal.


IRELAND WIN BY THREE WICKETS WITH FIVE BALLS TO SPARE! 49.1 overs: Ireland 329-7 (Mooney 33, Johnston 4) Ireland have done it! Mooney times the winning boundary through midwicket for five balls to spare. This is utterly astonishing, one of the most amazing victories in any sport for years. People are just charging round the Ireland dressing room in a circle, with no idea what to do. Some of the players charge onto the field, with the cameras picking up some big boys' language. I have no idea what to say. Ireland were completely out of it at the halfway stage, but then Alex Cusack and particularly Kevin O'Brien decided to give it a lash, with astonishing consequences. O'Brien demolished the record for the fastest World Cup hundred, smashing his off only 50 balls; Ireland have also beaten the record for the highest World Cup chase. Most importantly of all, they've beaten England. At cricket. It's a match we will never forget, at least not until the faculties go.

What a performance. As good as 1988.

The ref will probably blow it up if ireland get the point for the draw .

But what a performance by Joyce.

As I understand it England in one day are a bit like Mayo.

Class comment from the Guardian

Being a second generation plastic Paddy can be confusing at times," says Lee Cashin. "Personally, I'd like to see an Ireland v England hurling match." Especially if John Terry plays.

General discussion / Re: What should Labour do?
« on: March 02, 2011, 12:49:40 PM »
Selling the books to a vulture fund would be a disaster, Muppet.

General discussion / Re: What should Labour do?
« on: March 02, 2011, 10:39:54 AM »

Karl Whelan: After the election, reality bites

Broken banks, unhappy European partners, distruntled trade unions and a government being pressurised to return to the bond market, the new administration has its work cut out, writes Karl Whelan

Given that Irish politics of the past few years have been dominated by economic events, one might have expected the election campaign to shed some useful light on our economic problems and perhaps raise some potential solutions. In truth, the public were rewarded with a campaign in which politicians from all sides by and large evaded the major issues that will face the next government. Three issues in particular that received very little attention in the campaign will dominate the next government’s agenda. The first question is what to do in relation to the banking system. The EU/IMF plan for the Irish banks involved stress tests and recapitalisation and then shrinking the banks to bring the size of their loans books back in line with their deposit bases.

The ECB and the Irish Central Bank are now owed about €150 billion by the Irish banks. The ECB wants to get its money back and as soon as possible. Indeed, we are hearing rumours that the ECB is insisting that the Irish banks bundle together loans for sale to raise about €100 billion over a short period of time. While simple in theory, in practice this is likely to prove extremely difficult. Financial markets are extremely wary of having anything to do with the Irish banks. For example, a large book of Irish mortgages is not likely to raise anything close to its face value. Beyond the existing evidence of widespread loan arrears, potential purchasers will be concerned about future defaults as interest rates rise over the next few years.

In addition, the banks’ large portfolios of tracker mortgages are not attractive as they pay interest rates that are below the cost of funds for most potential purchasers. A quick sale of large amounts of assets of this sort can only be done at a significant cost to the Irish State which is now the only provider of capital funds to these banks. How this situation gets resolved is unclear at this point. One possibility is that the ECB, and perhaps the wider European Union, are persuaded to accept having a longer-term involvement with the Irish banks than they would like. But such an outcome could come with strings attached that the government may not find attractive. For instance, those who feel that the government is in a strong position to default on the remaining senior bonds owed by Anglo and Irish Nationwide Building Society should keep in mind that there are wider and more important banking issues yet to be settled.

Which brings us to the next important issue that received no attention during the campaign: The size of the EU/IMF funding. Brian Cowen spent much of the period after the agreement of the EU/IMF deal claiming he had secured funding for three years to pay salaries for nurses, guards, teachers and so on. Unfortunately, once one factors in funds to repay maturing Irish Government bonds and to pay out on the promissory notes used to pay off creditors at Anglo and Irish Nationwide, the €50 billion provided by the EU/IMF turns out to only fund the State for about two years. Indeed, the European Commission has now admitted that the plan is for Ireland to return to the sovereign bond market in the second half of 2012. Unless a larger loan deal is negotiated, the new government is about to be put under as much pressure to please financial markets as the old one, with the December budget formulated with a swift return to the market in mind.The final issue that received little attention during the election is how the large savings on public expenditure (promised by all major parties) are going to be achieved. The government’s approach of a freeze on hiring and offering redundancy packages has reduced public sector employment by about 12,000. Fine Gael have promised to achieve a further reduction of 30,000 but that these will all be in “back office administrative positions”. This goal strikes me as unattainable. For comparison, the core administrative civil service only contains about 30,000 employees, so a reduction of this sort simply could not be achieved without eliminating front-line service jobs.
Indeed, it is hard to see how anything like the 30,000 figure can be achieved without ripping up the Croke Park deal and its commitment to ruling out involuntary redundancies. Many of the public sector employees who were likely to avail of redundancy packages have already gone. And if the government is to focus on particular areas of administration as the source of job cuts, then compulsory redundancies would seem inevitable.
This raises an obvious question. With unemployment already so high, if the Croke Park deal is to be ripped up, why not focus on a mix of job losses and wage cuts, so as to protect employment and front-line services? Unfortunately, any reneging on Croke Park is likely to be greeted by unions as the final straw. With little left to lose, the public sector unions may finally plunge the country into the kind of industrial strife that we have thus far managed to avoid.
Broken banks, unhappy European partners, disgruntled trade unions and a government being pressurised to return quickly to the bond market. These stories, rather than the flim-flam of election promises, are likely to be the focus of attention in the coming year.

General discussion / Re: What should Labour do?
« on: March 01, 2011, 09:56:05 PM »
I wouldn't join the Government. Think of all the cuts and the money that is going to keep going into the banks. Play it long.
FG could get wiped out at the next election. There are enough right wingers to make a majority.   

General discussion / Re: Election 2011 Offical Thread.
« on: March 01, 2011, 08:20:38 PM »
It's a pity the official thread is only offical. Is that something to do with the Biffo?

GAA Discussion / GAa clubs and debt
« on: March 01, 2011, 05:02:28 PM »
Clubs need a Roosevelt to help beat great debt burden
The GAA should attempt to write off some of the loans that are crippling clubs, says Colm O'Rourke
By Colm O'Rourke
Sunday February 27 2011
T his week there has been some comment on the steps being taken by the Thomas Davis club in Tallaght to tackle a serious debt problem. It is only the tip of the iceberg. There are stories like this in every county, and there are county boards who are in major financial difficulty as well. Much of this money was borrowed in the middle of the last decade when Ireland was a different place to what it is now.
What has happened since is that the debt burden has become crushing, revenues to all clubs and counties have fallen, at best a little, but more generally a lot so furnishing repayments to banks has become an intolerable strain on bodies whose purpose is to supply games, not act as financial gurus.
If the law of the jungle prevailed in these situations, the trustees of the various clubs could be held responsible or the property could be seized and the asset used to generate the loan could be sold off. It would make for an interesting auction somewhere in the country if the banks seized the local pitch and put it up to the highest bidder.
There are not too many auctioneers who would take that one on. Anyway a pitch in a rural area is only worth farming prices and there are few farmers who would want to be tinged for a lifetime by getting into such murky waters. In towns and cities, it is not a whole lot different -- these lands are zoned amenity so they are worth nothing. Of course what has happened to Thomas Davis is that they are now severely penalised for doing the work of the local authority. It is the responsibility of the urban body to provide facilities for sport for the young population as is done in every other European country. Historically, the GAA has stepped in to do the job when others failed and have been left with it and the resultant financial headaches.
This is the same story in every town in the country; the brilliant investment in social capital is now keeping a lot of GAA administrators awake at night as they wonder what they have got their clubs into. They should not worry in the least. Any organisation which puts faith in young people and tries to improve things for them as previous generations have done has nothing to apologise for.
Laid out on a blank sheet the future for many clubs looks quite bleak. Projections made at the height of the 'boom' must be consigned to history. Falling revenues from sponsorship, membership, bar takings and all other club fundraising activity is merely a fact of life and is not coming back any day soon. Much worse is the fact that a lot of young people who facilities were provided for have left the country and won't be back for a while either.
Of course we can all complain that the banks were in a hurry to put the umbrella up when the sun was shining and took it down immediately when the rains came. Socrates is not needed for that assessment. It was ever so and there is not much point in getting hung up on that. In fact, I feel sorry for people who work in banks; they are under a lot of pressure too and many of them are active in clubs which are in financial trouble so it is not a pleasant job for them either.
Against this background the attitude of anything being possible which was the currency of five years ago has been replaced by anger, frustration and cynicism. It is like the USA of the thirties when the great depression struck. They had Roosevelt who gave hope and helped plot a way forward. Hopefully a new Government led by Enda Kenny can give people back some expectation that the future can be brighter. Certainly Kenny and other potential cabinet members like Jimmy Deenihan know as much about the problems of clubs as anyone in the country. They also know the value of a healthy GAA.
They have seen what working together for the common good can achieve, even if All-Ireland winning captain Deenihan at corner-back today would probably have three yellow cards before the parade is over! Yet with Kerry he exemplified a lack of self-interest or ego in order to help the team prevail. It is a bigger team now but the same principles prevail.
In the situation we find ourselves in there are plenty of ways for the GAA to help themselves. One of the not-so-nice aspects of the current crisis is the amount of people who write article after article full of bile and vitriol about recent events but offer no alternative. That is a very easy option and only brings out the worst in some individuals.
Most people understand the situation very well and want someone to plot a way forward, however difficult, but one which is credible and gives hope.
In the case of the GAA, this is a time of self-help, the same attribute which has created the magnificent facilities of today. It is a time
for county boards, provincial councils and the central authority in Croke Park to come together and get an accurate picture of the scale of indebtedness facing clubs all over the country.
After that there should be meetings with the financial institutions involved to work out a deal. These meetings would not take long as most of the money borrowed is either with Bank of Ireland or AIB. The task should be to get a write-down of part of the overall capital debt which is being carried by clubs and counties. Everyone would benefit pro rata.
It would mean the likes of Thomas Davis and hundreds of others are not being isolated in dealing with their bank. Would it not be ironic if these banks which are largely controlled by the state, which is the people, would spend billions bailing out the naked self-interest of others, while the one organisation that has always stood for everything positive has to pick up the complete tab for trying to do nothing more than improve their own communities?
It would be obscene for this to happen. Now is an opportunity for some leadership in the GAA to take on the banks and get the same deal as developers are getting, not interest moratoriums or rescheduling, but a write-off on some of the hundreds of millions of capital debt owed around the country. This would create enormous goodwill among the rank and file and would renew spirit in clubs who feel weighed down by this anxiety. Let's hope there is a Roosevelt in the GAA.
- Colm O'Rourke

General discussion / Re: Election 2011 Offical Thread.
« on: March 01, 2011, 03:59:57 PM »
Fianna Fail have given up on the website.

the Tony Killeen blog posts are interesting. nobody listened. 

Armaniac only scored one direct hit but he was closer with his other predictions.
Seanie had 2 direct hits but was way out on FF prediction.
Sammy was further out
Croi followed Armaniac.

Consistency with a small margin of error, has more value.

I don't accept that.
This was the cheapest prediction thread in the world.
We have turned the corner.
I did nothing wrong.
The EU agrees with everything I did.
You are not talking to the IMF. Not at all.
You have 20bn in cash and a plan to return to the market

Pages: 1 ... 1278 1279 [1280] 1281 1282 ... 1368