Skip to main content

System Messages

  • strict warning: Non-static method view::load() should not be called statically in /home1/finfacts/public_html/sites/all/modules/views/views.module on line 879.
  • strict warning: Declaration of views_handler_argument::init() should be compatible with views_handler::init(&$view, $options) in /home1/finfacts/public_html/sites/all/modules/views/handlers/views_handler_argument.inc on line 745.
  • strict warning: Declaration of views_handler_filter::options_validate() should be compatible with views_handler::options_validate($form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/views/handlers/views_handler_filter.inc on line 589.
  • strict warning: Declaration of views_handler_filter::options_submit() should be compatible with views_handler::options_submit($form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/views/handlers/views_handler_filter.inc on line 589.
  • strict warning: Declaration of views_handler_filter_node_status::operator_form() should be compatible with views_handler_filter::operator_form(&$form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/views/modules/node/views_handler_filter_node_status.inc on line 14.
  • strict warning: Declaration of date_api_filter_handler::value_validate() should be compatible with views_handler_filter::value_validate($form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/date/includes/date_api_filter_handler.inc on line 578.
  • strict warning: Non-static method view::load() should not be called statically in /home1/finfacts/public_html/sites/all/modules/views/views.module on line 879.
  • strict warning: Declaration of uc_product_handler_field_price::options() should be compatible with views_object::options() in /home1/finfacts/public_html/sites/all/modules/ubercart/uc_product/views/uc_product_handler_field_price.inc on line 94.
  • strict warning: Declaration of uc_product_handler_field_weight::options() should be compatible with views_object::options() in /home1/finfacts/public_html/sites/all/modules/ubercart/uc_product/views/uc_product_handler_field_weight.inc on line 61.
  • strict warning: Declaration of views_handler_field_user::init() should be compatible with views_handler_field::init(&$view, $options) in /home1/finfacts/public_html/sites/all/modules/views/modules/user/views_handler_field_user.inc on line 48.
  • strict warning: Declaration of semanticviews_plugin_style_default::options() should be compatible with views_object::options() in /home1/finfacts/public_html/sites/all/modules/semanticviews/semanticviews_plugin_style_default.inc on line 232.
  • strict warning: Declaration of views_plugin_row::options_validate() should be compatible with views_plugin::options_validate(&$form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/views/plugins/views_plugin_row.inc on line 135.
  • strict warning: Declaration of views_plugin_row::options_submit() should be compatible with views_plugin::options_submit(&$form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/views/plugins/views_plugin_row.inc on line 135.
  • strict warning: Non-static method view::load() should not be called statically in /home1/finfacts/public_html/sites/all/modules/views/views.module on line 879.
  • warning: Creating default object from empty value in /home1/finfacts/public_html/sites/all/modules/views/includes/handlers.inc on line 653.
  • strict warning: Declaration of views_plugin_style_default::options() should be compatible with views_object::options() in /home1/finfacts/public_html/sites/all/modules/views/plugins/views_plugin_style_default.inc on line 25.
  • strict warning: Non-static method view::load() should not be called statically in /home1/finfacts/public_html/sites/all/modules/views/views.module on line 879.
  • strict warning: Non-static method view::load() should not be called statically in /home1/finfacts/public_html/sites/all/modules/views/views.module on line 879.
Ireland

Ireland

(November 2013) For years, Ryanair was one of the world's most successful airlines and the most disliked but now the airline has to change its business strategy after two profit warnings.
(November 2013) Despite Switzerland’s moves in recent years to comply with international transparency standards, in response to aggressive action in particular by the United States against Swiss banks that have facilitated tax evaders, it retains the top rank as a tax haven. Meanwhile, an international assessment of Ireland says the State is a “prolific source of tax loopholes” and it is described it as a “financially captured state . . . where politically networked private insiders effectively write the laws with little or no democratic consultation.”
(October 2013) Prof. John Kay in his Financial Times column in 2010 at the time of the BP oil blowout on its Mocondo well in the Gulf of Mexico, asked: "What is the right amount to spend on preventive maintenance as opposed to responding urgently after the event?" He wrote that : "Only time will tell, and perhaps we won’t know even then. As the Greek philosopher Solon put it: 'We don’t consider any man successful until he has died well.' But ancient philosophers were subject only to the verdict of posterity. Today’s managers are victims of the tyranny of the quarterly earnings report. And that is why yesterday’s cost-savings are so often today’s corporate crisis."
(October 2013) The Irish economy could grow by around 2.0% in GNP (gross national product) terms this year, according to the latest analysis in the ESRI (Economic and Social Research Institute) Quarterly Economic Commentary (QEC) - - double what has been forecast by the Department of Finance. If the ESRI is correct, then the requirement for austerity is much reduced.
(October 2013) Fiscal councils aim to promote sustainable public finances through greater transparency and a more-informed public debate, and are associated with stronger fiscal performance in the countries where they operate. The Irish Fiscal Advisory Council is a creature of the Troika and it has a restricted mandate from the folk at the Department of Finance who went with the flow during the bubble.
(September 2013) European export performance is mainly dependent on firm structure rather than macro policy in a country. Research compares other European countries to Germany as a benchmark. While local issues such as taxes and costs do have an impact, the main factor in success in exporting are firm size and sectors of operation. If the industrial structure (in terms of firm size and sectors) of countries like Italy and Spain were equal to that of Germany, the value of the total exports of Italian and Spanish firms would rise considerably - - by 37% and 24% respectively. Only 3% of Irish SMEs are active in manufacturing, whereas the equivalent figure for the EU is 10%, according to the European Commission.
(September 2013) Ireland Innovation: While basic or curiosity research is important, Irish and European science lobbies are pressurising governments to give funding priority to it even though innovation does not necessarily follow from science. Helga Nowotny, president of the European Research Council (ERC) says: "Scientific curiosity, given sufficient space and autonomy, remains the most powerful driving force behind the completely unforeseeable transformations in how our societies develop. In order to understand what science can do for Europe, it is important to clarify what science – that is, curiosity-driven frontier research – cannot do for Europe: deliver results that can immediately be commercialised." True but Europe's more important problem is that it is poor at innovation, which mainly depends on utilising existing knowledge rather than new scientific discoveries. The scientists want to have control of budgets with no mission targets even though Louis Pasteur (1822-1895), one of Europe's greatest scientists, had the goal of improving public health and historically, the US government's spending on basic research, has always had some goal: the Manhattan Project; the Cold War, the Space Mission and Public Health.
(August 2013) This was to be the year when Ireland was to be officially recognised as "a world class knowledge economy." The official 2006 aspiration was quietly buried as the inevitability of failure drew near. The new aspiration is that "Ireland in 2020 is the best country in the world for scientific research excellence and impact." However, there is as much substance in this goal as in a leprechaun's gold. Despite the valiant efforts of the eco system to maintain the status quo, the evidence is mounting that Ireland's public innovation policy in need of retooling.
(July 2013) We are taking a short staff break from today and we will resume publication on Tuesday, July 30, 2013.
(July 2013) Ireland is lacking a viable jobs engine and this week official reports show that full-time jobs in the key foreign-owned sector in 2012 were 20,000 below the 2000 level, while the level of early stage entrepreneurship is poor and falling.