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    Weather Extremes!
  1. More depressing news today, particularly related to the manufacturing sector. With several airlines deferring their orders for aircraft then a slowing of production was going to be inevitable at all of the major aircraft manufacturers. Bombardier were going to be particularly badly hit with a broad corporate base. However, that's no consolation to the huge number of workers that have lost their jobs in Belfast today: Bomardier Job Losses http://news.sky.com/skynews/Home/Business/...se_Of_Recession That is a huge reduction in the workforce in light of the previous 300 job cuts at the plant
  2. Thank you very much for your very warm welcome butler_son. Best regards, Mark.
  3. The link I provided earlier was from a British media source which should give a fairly accurate reflection of the economy's present state. This article is from a US based media source on an economy 6000 miles away from the location of publication. Really, it is so very much over hyped and I don't know why you posted it when we were back on track discussing the UK Economy. Perhaps out of a reaction to try and offset the UK article with bad news regarding Ireland?? The average discounting rate in the retail sector in the past month was recorded at approximately 40% nationwide. That's a far
  4. Oui, c'est vrai en ce moment mais il va durer en 2009/2010? We have already seen the closure of many many store chains, ''Woolworths'', ''Principles'' & ''Sasha'' but to mention a few. With demand falling across the board, small shopkeeprs are being squeezed out of the market place (as is happening here in Ireland). This is happening principally as you know, due to a fall in market equilibrium. Smaller firms are really seeing an erosion of their profits in the long run at the present time and are scarcely able to cover their average variable costs in the short run. The retail/groce
  5. I can't argue with that sound analysis there Iceberg and certainly the dependency on such inflows has left us in a more vulnerable position. Although, as you say, the lack of capital investment is indeed a widespread problem at this time. Being an island nation on almost the periphery of Europe has always left Ireland somewhat more vulnerable but has also succeeded in creating a real drive for indigenous entrepreneurship within the country, a vital element that will need to be facilitated greatly in order to enable an economic recovery. The media are certainly hyping up the gloom again toda
  6. Never introduced myself properly on here but I'm sure you all know me from the Model Discussion Thread. I'm Mark, 18 years old from County Kilkenny Ireland. I have a huge passon for all things weather related, especially weather extremes, be it severe cold and snow (most especially), but also severe thunderstorms, squalls or anomolous heatwaves during summer. I also have a huge interest in current affairs and economics. Hoping to have more discussion with many on here. Best regards to all, Mark.
  7. Whilst the focus seems to be continually placed on Ireland alone by UK members, how about we get back to discussing the plight of the UK's economy, which is of course what this thread was founded to discuss & not to persistently dismiss in an imperialistic tone the economy of Ireland, which has if I may once again note, done far far better than the UK in recent years. My questions regarding the recovery of the UK economy last evening have not been answered. Certain members on here claim that Ireland ''Will go back to farming and growing potatoes'' This approach is getting rather tiring
  8. Thank you very much for the link to that TE. Very interesting news there showing that Ireland's situation is one being experienced by many countries at the moment & that it's not all doom and gloom. SA. http://nwstatic.co.uk/forum/public/style_emoticons/<#EMO_DIR#>/laugh.gif
  9. In the short to medium term, yes the public finances are a major, almost insurmountable obstacle that have to be overcome, but with the necessary taxation rises, abolotion of social services wastage and appropriate cuts in spending then the government can pull through in my honest opinion. It's a very fine line, but that's the case with many many economies at the moment. Ireland's economy, with time will certainly recover. The answer to will it be the same economy is no. We will never again sustain the same amount of Foreign Direct Investment into the country and I cannot see manufacturing re
  10. I seem to find your comments rather abrupt to say the least, bordering on inferior/superior approach towards Ireland. I haven't been following this thread too much but I am now. Firstly, as The Eagle has pointed out Corporation Tax was lowered to 12.5 % to directly attract FDI's into the country. Yes a minority of them have not done anything but enter Ireland in order to avoid higher taxation rates, however by no means is the country a tax haven as you have suggested repeatedly. The overriding majority have entered Ireland and have provided well in excess of 150,000 jobs. Indeed, let's get th
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