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


(September 2012) Irish Economy: Goodbody has downgraded GDP (gross domestic product) forecasts for 2012 and 2013, which it says highlights the still fragile nature of the "economic recovery".
(September 2012) Irish Economy: Ireland's economy can be described as “bouncing along the bottom”, according to the ESRI (Economic and Social Research Institute). The latest ESRI 'Quarterly Economic Commentary' concludes that a further slight fall in activity will probably be recorded for 2012, with only low growth likely in 2013. It says growth in GNP (gross national product), which is a better measure of Ireland's economic performance than GDP (gross domestic product) [because the profits of the significant multinational sector are excluded], is expected to fall marginally in 2012, down 0.2%. GDP, which is used in measuring the fiscal targets by the bailout Troika, is expected to increase by 1.8%. Next year, GNP growth is predicted be positive at 0.7%, reflecting stronger exports of goods and services and some pick up in investment.
(September 2012) Irish Reform: Despite the economic crash, change continues to happen in Ireland if at all, in slow motion. Brendan Howlin, officially the minister for public expenditure and reform, has been in office 18 months and there was never any fear that he would hit the ground running. While Ireland remains the 'best pupil in the class' to the EU-IMF bailout Troika, political spin is the only response to the jobs crisis while Howlin has been a protector of the status quo. Forty years after the battle for equal pay for women, Howlin and colleagues have sanctioned a dual workforce in the public service by protecting priviliges for existing staff including pensions linked with earnings, while reserving reduced terms for new staff. Pension reform will take 40 years to have a full impact. On Tuesday, the minister again raised the white flag and warned future staff that cuts on feather-bedding allowances of €1.5bn annually -- more than 10% of the annual payroll -- are again for the future. When the European Court of Justice will likely take up the issue, the minister will be enjoying a big severance and pensions bonanza.
(September 2012) Irish Economy: The Quarterly National Household Survey (QNHS) published today shows that employment fell 1.8% or 33,400 in the year to the second quarter of 2012, bringing total employment to 1,787,900. This compares with an annual decrease in employment of 1.0% in the previous quarter and a drop of 2.0% in the year to Q2 2011. Emigration and the shedding of jobs were the main factors in teh depressing situation.
(September 2012) 'Education at a Glance 2012' reveals stark differences between countries in the opportunities they offer young people to enter higher education, notably for children of poor families or whose parents have had a limited education. In Ireland, pay and pensions for staff accounted for 71% of current public spending on education, in 2010, compared with 62% on average across the 34 mainly developed countries of the OECD (Organisation for Economic Cooperation and Development). In Finland, a comparable economy to Ireland where a master’s degree is a minimum qualification for teaching, a teacher with 15 years experience in junior secondary earned €40,800 in 2010 and at senior level €43,200 according to the OECD. The Irish teacher earned €53,200 at both levels. In France the pay was €32,500. in Spain it was €37,800 and €38,600.
(September 2012) Irish Economy: Despite cutbacks, Irish public spending today remains much higher than in the early period of the property bubble. End-2011 current primary spending was 47% of GNP (gross national product), 17 percentage points higher than in 2000.
(September 2012) Only 50,000 Irish direct workers are responsible for 69% of annual Irish exports, based on the headline total value of €164bn for merchandise and services exports in 2011.
(September 2012) Ireland’s bank debt: "The Eurogroup will examine the situation of the Irish financial sector with the view of further improving the sustainability of the well-performing adjustment programme. Similar cases will be treated equally," were two sentences in the communiqué of the June 29, 2012 European summit, that gave Irish political leaders, by default prone to over-spinning expectations, at least some credible reason for hope at last. Taoiseach Enda Kenny said the agreement represented a "seismic shift" in European policy and should open the way to "re-engineer the debt burden" on Irish taxpayers. The public bank support has amounted to €64bn - - equivalent to 41% of GDP (gross domestic product) and while gifts from Europe came every year since joining the European Economic Community in 1973 (as much as 5.7% of GDP in 1991-93 at the genesis of the Celtic Tiger period), like the cargo cultists of Melanesia in the South Pacific after the Second World War when manna in the form of cargo from military planes ended, we are also likely to be disappointed.
(September 2012) World Economic Forum 2012: Switzerland, for the fourth consecutive year, tops the overall rankings in The Global Competitiveness Report 2012-2013, released today by the World Economic Forum. Singapore remains in second position and Finland in third position, overtaking Sweden (4th). These and other Northern and Western European countries dominate the top 10 with the Netherlands (5th), Germany (6th) and United Kingdom (8th). The United States (7th), Hong Kong (9th) and Japan (10th) complete the ranking of the top 10 most competitive economies. Ireland moved up to 27th rank from 29. In the Middle East, Qatar has an leads the region with an 11th rank while Saudi Arabia remains among the top 20 at 18th.
(August 2012) Irish Economy: Patent applications from Irish residents (including foreign-owned companies operating in Ireland) to the Irish Patents Office in 2011 amounted to 494, down from 733 in 2010. This is a plunge of 33% compared with 2010 and is the lowest since 1982, according to World Intellectual Property Organisation (WIPO) statistics.