News

Irish funding holds up despite global credit crunch.

Report suggests broadening of Ireland’s indigenous technology base.

189 technology companies raised €269m  from investors in 2012 according to the annual Irish Venture Capital Association VenturePulse survey. The previous year (2011) 159 Irish technology companies raised €274m.

This is the plan of 2010.
Compare it to today.

Ministers Lenihan, Cowen and GormleyBelow you may download a copy of the 2 reports published on 16th July 2009 by An Bord Snip Nua for the Irish Goverment (formal name Special Group on Public Service Numbers and Expenditure Programmes) as a report on how the 2010 Irish Government planned to reduce public spending by 3.2 billion Euro.  This is the plan of the Fianna Fail Government of the day. Look at it and make comparisons to how it relates to today.

GrantsWell forgive me for laughing but the news that the Irish government’s latest business loan scheme for SME’s stands at a miserly €2 million per year is insulting. It’s designed to help small business’s bridge the funding gap with the aim of preserving jobs.

deportedI was sent a link to an article in Irish Central that was headed “Irish tourist deported and barred from US after 'destroy America' tweet”. 

Introduction ::Ireland

Background:

Ireland MapCeltic tribes arrived on the island between 600-150 B.C. Invasions by Norsemen that began in the late 8th century were finally ended when King Brian BORU defeated the Danes in 1014. English invasions began in the 12th century and set off more than seven centuries of Anglo-Irish struggle marked by fierce rebellions and harsh repressions. A failed 1916 Easter Monday Rebellion touched off several years of guerrilla warfare that in 1921 resulted in independence from the UK for 26 southern counties; six northern (Ulster) counties remained part of the UK.

Income Inequality is causing a problem.

 

World Economic ForumThe World Economic Forum is taking place in Davos-Klosters in Switzerland this week on 21st until 24th January 2015.  Our own Taoiseach, Enda Kenny, is speaking at it.

 

You can see a video at the end of this article.  Go to 6.15 and 38.30 for Mr Kenny.  There are five reports for you to download at the end of the article just above my photo.

 

The Global Agenda 2015 features an analysis of the Top 10 trends which will preoccupy experts for the next 12-18 months as well as the key challenges facing the world’s regions, an overview of global leadership and governance, and the emerging issues that will define our future.  The 10 trends are:

 

 An intriguing story of real life money – big money.

Argentinean President Cristina Fernández de KirchnerOnce upon a time, Ireland borrowed €86 Billion. It bailed out banks, propped up the economy, paid for the overspending in the public service and generally kept the country afloat.  It has met all its repayments and is choosing not to default on anyone.

 

Eaten bread is quickly forgotten.

Londoner Schuldenabkommen. London Debt Agreement 1953Once upon a time, 1953 to be exact (the year I was born), Germany owed 32 Billion Marks from before the second World War (in fact as a result of the First World War) and after it, to governments and private sources. 

Between 27th February and 8th August 1953, there were discussions to try to reduce that debt.  The 26 parties that were involved included Belgium, Canada, Denmark, France, Great Britain, Greece, Iran, Ireland, Italy, Liechtenstein, Luxembourg, Norway, Spain, Sweden, Switzerland, South Africa, the United States, and Yugoslavia and others. The states of the Eastern Bloc were not involved.

Intel and EUToday 12th June 2014, Chip Giant Intel lost its €1.06 billion ($1.44 billion) antitrust fine when the General Court of the European Union upheld a 2009 ruling by the European Commission that the company had abused its dominant market position and blocked its main rival AMD – Advanced Micro Devices.

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