Sure, It’s A Great Little Country

April 29, 2008

Haven’t posted much recently, shorter stuff is going to live over on my tumblelog.

As Bart heads for the States, it’s good to see that the willingness to embrace any alternate reality, no matter how bizarre has spread even to the ‘paper of record’ (*snigger*). The Irish Times property editor has had to ‘fess up that they knew various estate agents were lying through their teeth when they supplied the IT property supplement with private sales figures.

It’s not clear for how long they knew (forever might be about right when speaking of estate agents and lying), but by God they know now and they’re very mad about it all. They wrote letters to the naughty estate agents and put a new disclaimer on the sales page.

In the meantime, Dell announce their intention to, well, leave. Never would have seen that coming, wha’?

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So Long, And Thanks For All The Cash

April 4, 2008

Maybe Bart’s timing hasn’t deserted him after all …

There was another big jump in the number of people on the Live Register in March, according to figures from the Central Statistics Office.

The seasonally adjusted figure rose by 12,000 from February to reach 199,900. This was the biggest rise on record. The unemployment rate jumped from 5.2% to 5.5%, a figure not seen since June 1999.

RTE: March Live Register rise a record

Apparently, Marc Coleman has used the word recession on national radio. He has presumably been added to the list of those who should be killing themselves for saying bad things about the economy.

Ireland Inc. can also give itself a big pat on the back for another record - according to the IMF, we are now the proud owners of the world’s most overvalued property market.

Report [PDF]

Meanwhile, the Irish Times advises us that “Buying a house can now beat renting”. Seriously, that’s a headline on the front page of the Business section.

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Farewell

April 2, 2008

the bart

Bartholomew, classy to the end, departs. He does find the time in his resignation speech to claim credit for most good things that happened in Ireland over the past decade. He also finds time to indulge our fondness for self-congratulation - “The Irish people are innately decent and I’ve been privileged to serve them and to enjoy tremendous support.” Even better, he thanks the plain people of Ireland for praying for him. He mentions DeValera and Lemass, but not CJH.

Always the professional speaker, he works in a few jokes “I believe the secret of Fianna Fail’s enduring success is rooted in the quality of people we have as public representatives”, “I look forward to comprehensively dealing with these matters at the tribunal and robustly refuting any imputation against me” and “I look forward to the completion of the tribunal’s work and I am confident that, when it reports, the tribunal will find I have not acted improperly in any way.”

As with many topics (see house prices), more reasonable coverage is provided by non-Irish media outlets.

MSNBC:Irish PM resigns over cash-payments scandal. Ahern denies wrongdoing after probe uncovers $150,000 in secret deposits

CNN:Irish PM to quit over payments scandal“.

Spiegel:Following months of investigations into illicit payments … The total of the suspicious payments is €886,830 ($1.39 million) in today’s terms, according to the Irish Times.

Daily Mail: Bertie Ahern ‘took controversial payments’ when he was out of pocket over separation

Turkishpress.com: “… Bertie Ahern, who has come under growing pressure over alleged financial irregularities …”

Guardian:Irish prime minister Ahern resigns amid financial controversy

If you fancy a flutter on what Bart will do next, Paddy Power are giving odds of 5-2 on him becoming the first permanent president of the EU, and 4-1 on him becoming the next president of Ireland. That makes him the favourite in both of those races. Perjury obviously does not disqualify.

Now, let’s see when / if we find out exactly who was showering Bart with such large amounts of cash, and why?

More Bart

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Patently misleading, utterly hypocritical or both

April 1, 2008

hai mahon

From the Irish Times, which will have to stop charging a subscription fee sometime soon if it hopes to survive …

Six Dáil statements Taoiseach would not like to be asked about

There are at least six Dáil statements Bertie Ahern would prefer not to be asked about as they are misleading, hypocritical or both, writes Fintan O’Toole .

ONE ASPECT of Bertie Ahern’s High Court challenge to the Mahon tribunal which begins today seems, on the face of it, rather puzzling. He is attempting, among other things, to stop the tribunal asking him questions about statements he has made in the Dáil.

His stated reason for this challenge - that he is obliged to uphold a constitutional ban on anyone being “made amenable” for statements in the Oireachtas - is not credible. Tribunals have questioned politicians about Dáil statements before, and one, the beef tribunal, was almost entirely based on allegations made in the Dáil.

What has puzzled many people, however, is why he would have any other reason for preventing questions about his Dáil statements, when his explanations for unorthodox financial transactions were also given in the Bryan Dobson interview on RTÉ and in the famous election press conference clash with Vincent Browne. What could there be on the Dáil record that is not otherwise available? As it happens, quite a lot.

There are at least six statements on the Dáil record that the Taoiseach would prefer not to be asked about because they are either patently misleading, utterly hypocritical or both: 1. February 18th, 1999: The then leader of the Green Party Trevor Sargent asked a straight question: “During his political career since the mid-1970s in which he has been a close associate of three senior Fianna Fáil figures who have been engulfed in financial allegations, namely, Mr Haughey, Mr Burke and Mr Flynn, has the Taoiseach been the beneficiary of a payment, contribution or gift from any source which, with the benefit of hindsight, he now considers to be unorthodox, unusual or irregular?”

Bertie Ahern’s reply was: “As regards the comments of Deputy Sargent. I do not believe I have ever done anything wrong concerning money in my 22 years in politics or prior to that. I would be honour-bound not to do so as a professional accountant. I hope I have not done so and I deem that I have not done so.”

This was deliberately and knowingly misleading. The very word used by Trevor Sargent, “unorthodox” is the one subsequently used by Bertie Ahern to describe the handling of his personal finances. (”My affairs are unorthodox.”)

2. January 27th, 1999: “I formally became treasurer of Fianna Fáil on 28th January, 1993, but I started work in that area in 1992 in the course of the changeover period . . . Early in my term as treasurer we suspended local activities in constituencies so the money could go to the national organisation which was in a poor financial state.”

Given the large amounts of money apparently being raised in this period by Bertie Ahern’s own constituency, either this statement was untrue in itself or he, as treasurer, was ignoring the rules he made for others.

3. May 28th, 1998: “Financial contributions to politicians should be made for strictly political purposes, be clearly accounted for and given with no other motive than the good government of this country and support for the democratic system as a whole.”

He knew at the time he said this that he himself, as he accepted under oath at the tribunal, “regularly received political donations which were to be understood as being capable of being used for personal purposes”, and that the system of accounts operated by himself and his associates were the opposite of clear accountability.

4. February 18th, 1999: “I have not ever taken any money from [ a] Fianna Fáil account unless properly authorised to do so for specific purposes.” Money from a Fianna Fáil account was in fact used to purchase a home in the name of the Taoiseach’s then partner. There is no evidence that the party authorised, or was asked to authorise, this transaction.

5. September 10th, 1997: “It is also unacceptable that in the case of Mr Haughey full co-operation was withheld from the tribunal, forcing it to undertake lengthy, painstaking and costly research to establish facts, which could have been established almost at once with his full co-operation. It is unacceptable that in a manner hitherto concealed from the public a taoiseach should be personally supported to the tune of £1.3 million.” Neither of these things were, as we now know, at all unacceptable to Bertie Ahern.

6. September 10th, 1997: “The Government considers that following the money trail is the most efficient and effective way to progress this type of inquiry.”

This alleged belief is contradicted both by the repeated attempts by members of the Government to characterise the adoption by the Mahon tribunal of this method of inquiry as a witch-hunt and by Ahern’s own attempt to stop the tribunal investigating any sums less than £30,000.

In any functioning democracy, this repeated misleading of parliament would in itself be grounds for resignation. Here, there is a different standard. As the Taoiseach told the House on December 9th, 2003, in a rare moment of honesty: “Those who have been elected to the House try to remain elected. That is the code of ethics in this House.”

Image from Green Ink Pen

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The Person Next To You With An iPhone Truly Is A Sucker

March 2, 2008

So Telefonica become the latest in a long line of multinational companies testing the limits of the Irish consumer’s gullibility. Not content with matching the iPhone dollar price in euros, they also reckon that Irish punters are willing to settle for significantly reduced packages when compared to the UK offer.

As Pat Phelan says, there is no cost difference in terminating minutes in Ireland or the UK.

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Soft Landing

February 7, 2008

Lets see the banks and estate agents spin this. [PDF]

The only function of economic forecasting is to make astrology look respectable.

J.K. Galbraith

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Your Flexible Friend

January 22, 2008

I really enjoyed listening to Bart opining on the absolute turmoil on world stock exchanges earlier.

Speaking to reporters in Dublin, Mr Ahern admitted he was “concerned” about the current volatility. He said he and the Tánaiste and Minister for Finance Brian Cowen had spoken “a number of times” in recent days.

I wish I was reassured, but unfortunately circumstances have intervened, and we the plain people of Ireland may suffer. Bart would surely have had a lot of sage advice to offer Cowen if only he hadn’t suffered the tragic bout of amnesia which has erased all his memories of the period when he was Minister for Finance. If this hadn’t happened, the country would surely be safe and impervious to any external economic upheavals.

“Our economic policies are well thought out and are very sound, our budgetary policies are very sound.”

The Irish Times fails to point out that Bart is obviously referring to the European Central Bank when he says ‘our’. After all, it is the ECB which dictates our economic policies.

“But from our point of view, it’s important that we realise that economic developments in both the European Union and the rest of the world aren’t as open to America.”

“We have flexible markets which allow us to respond flexibly to adverse developments when they happen.”

Anyone any idea what this means? I don’t. I do know that Bart’s definition of flexible seems to be as flexible as a flexy thing though. In 2006

“Being a small, open economy gives us an inherent flexibility”

Seems that flexibility is the thing to aspire to, whether your economy is open, closed or grapefruit.

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Bizarro Ireland Still Thriving

January 21, 2008

how unfortunate

The Irish Auctioneers and Valuers’ Institute (IAVI) released a lil’ report today. The report states that there are 40,000* (count the zeros) empty apartment units in Dublin. IAVI president Robert Ganly interprets for us mere mortals - “Overall, I would say to people that the market is beginning to stabilise. The worst is over.”

Now, here’s what these same boyos said a year ago about the property market - “Property prices in the State should grow by around 4 to 5 per cent this year, according to the body representing estate agents.”

Here’s another ‘estate agent’ from across the pond (I use quotes because Mr. Adkins seemed to experience, em, favourable treatment and exposure on certain media outlets). Marvel at the similarity of the style.


Now, a concise explanation of exactly what is going on on the financial markets.


Edit: Sadly, Newstalk don’t seem to be podcasting Kiberd’s comments.

Still waiting for the piece de resistance, an audio clip of an angry Damien Kiberd having a go at all the doom-mongers on the breakfast show this morning. He must have felt truly vindicated by the close of trading on the European stock exchanges. It all seemed very rosy by 5pm, didn’t it Damo? Biggest one day losses since 9/11, and it was a public holiday in the US.

But back to the Irish property market. There’s one developer trying to turn his apartment complex into a hotel. A few hundred yards away, another developer has reopened the hotel he recently bought, hoping to convert it into a super-swanky apartment complex that reached almost all the way to the sky. These are the signs of a market that is functioning correctly, right? The fun-da-mentals are sound?

If the above gives you pause for thought, don’t worry too much about it. Tom ‘I’ll say anything on behalf of anyone’ Parlon is on hand to reassure you.

Question 4: will the doomsayers be proved right (needs RealPlayer)

Note how upset Tom gets when Matt Cooper mentions the elephant in the room, sorry, the empty houses all over the country.

Interest rates? Tom knows - “they’re always going to be about 4 per cent”

Even the FT have rumbled us for being a shower of chancers.

Edit, 10:15pm. The chancers are starting to fight amongst themselves. Geoff Tucker, Hooke & MacDonald’s chief ‘economist’ is on Newstalk claiming that the number of vacancies is closer to ‘a few thousand’.

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“Now, I Hope That Answers The Question For You”. “No It Doesn’t.”

December 22, 2007


“I don’t think that’s any of your damn business,” the Taoiseach replied to tribunal counsel Des O’Neill when questioned about his separation from his wife.

What a contrast that “damn business” snarl is to the infamous RTÉ pass-the-hankies interview when, bordering of tears, the Taoiseach first introduced his personal affairs into this arena.

Irish Examiner

On his blog, Harry McGee apologises for “dredging up a horrible metaphor”. I disagree. I think it’s a wonderful metaphor, even if it has been used before. “[A] rat in an anorak” has a lovely ring to it, and I could see cartoonists having some fun with it

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I Trusted You

December 13, 2007

THE President of the Law Society has attempted to move attention away from rogue solicitors — accusing the media of only focusing on a tiny minority.

But he admitted that new modern standards need to be put in place to reflect the substantial changes in the profession in the last century.

More from the Independent.

Andy Kaufman has a message for the President of the Law Society.


People need to be able to trust their solicitors. Simple as that. The Law Society should be working very hard to alleviate people’s real fears (Michael Lynn and Thomas Byrne seem to have run up quite some bills). The Law Society shouldn’t be talking about what they might do, with the implication that once the reassurance is more effective, everything will be fine.

We ourselves must look and see if we can satisfy and reassure the public in a more effective way

Another great example of the general lack of accountability for anything by anyone in Irish public life. As seen in the HSE, this is now systemic and standard. If / when Lynn does reappear, I fully expect to discover that the apparent fraud wasn’t his fault. It was probably the fault of his clients. Or perhaps his postman.

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