Friday, January 25, 2008

Worse to come for economy, warns Brown

There is worse to come for the world economy and banks have been guilty of underpricing risk and undertaking too much off balance sheet activity, Gordon Brown said. Click on the Guardian for more info...


Thursday, January 24, 2008

Petro dollar baby



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US Gov move fast to hold off full-blown recession

Just how bad is this?

But when a government is willing to give regular payments of "$300 to $1,200 per household, and more for families with children, plus provide tax incentives for businesses to encourage spending" you can bet your ass things are VERY bad.

Now is the time to wonder, is the bank the best place to have your savings? Especially when bank employees can do this




Wednesday, January 23, 2008

Irish Auctioneers & Valuers Institute (IAVI) "The worst is over"

The IAVI Property Survey 2007 states and I quote...

overall, I would say to people that the market is beginning to stabilise. The worst is over.

It goes onto to say... "The IAVI is predicting further average price falls of around 4.1% in Dublin in 2008, with falls of around 3% in the rest of the country." The full article is available here, I sense claims such as the above could come back and bite the IAVI hard as nobody can call the overall property market.


Tuesday, January 22, 2008

Wicklow council in court over illegal dumping accusations

Wicklow County Council has been added as a defendant to a €30 million lawsuit, amid allegations that the local authority used one of the largest illegal dumps in the country.

The council is facing High Court proceedings in relation to the Whitestown landfill near Donard in west Wicklow. During a preliminary hearing last month, Mr Justice Clarke told agents for the council that it had a serious case to answer in relation to the illegal dump.

Read on...


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