“We have the duty to change our way of thinking!”
This video (11:11) deserves your attention and further considerations.
Category Archives: Economy
via David McWilliams: The EUR 44m May miracle
Articles by David McWilliams are always a good read for people interested in economics in general and/or in the Irish economy in particular. His latest post lets us in on the secrets of the EUR 44m May miracle (May is the period in which catholic kids in Ireland have their First Holy Communion) and what it means to the local economy (from the obligatory bouncy castle to mummy’s hairs).
28/05/2013 · 14:31
via The Economist: Apple’s bond issue – Pity the taxpayer
This is an interesting piece on “creative financing” by big multinational companies. Apple issued recently corporate bonds (debt) worth 17 billion dollars while sitting on a cash pile of 145 billion dollars. Why? Well, what looks like a contradiction makes perfect sense and is common practice. It is an effective way to dodge the taxman, subsidized by ordinary taxpayers. It is a good read if you can bear it.
13/05/2013 · 21:00
Video: Global Wealth Inequality – What you never knew you never knew
A short video that says it all, all!
07/05/2013 · 14:53
via David McWilliams: The tracker tail’s sorry ending
() Do you remember the ad in which a bloke on the top floor of a Dublin bus stands up and admits to all the passengers: “I don’t know what a tracker mortgage is”? He stands up, unsure of himself, and makes his public confession, half-petrified. You can see the relief on his face as he admits that he hasn’t a “rasher’s”. (…)
Yes, I do remember this ad.
It symbolizes much of what went wrong in Ireland during the run up to the property crash; widespread ignorance about personal finances, inadequate bank regulations and the tracker mortgage.
McWilliams narrates the story of the tracker and why it puts a huge brake on the recovery of the Irish economy for years to come.
06/05/2013 · 18:55
Czerulf's Thoughts 