Tag: bankruptcy
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Jackie Lavin – A Meme Girl for Irish Higher Education
Education is a complex matter while reducing it to simple soundbites is easy. Ignorance, in the pure sense of not knowing, abounds when it comes to higher education. Alas, ignorance creates memes that are powerful.
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Ireland is not …Detroit
Both are broke and under emergency care. One is a post industrial landscape where people eke out a miserable existence, the other is a city in Michigan. Seriously, in one or two ways its perhaps worse…See the figures for 2012 below (detroit figures taken from the Emergency Managers Report) Detroit Ireland Population 684799 4585400 Labour…
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Can investors not afford firesales or just dont want to engage in them?
Property prices in Ireland have dropped precipitously and yet we still see few (apart from those that Alssop Space) enough investment properties (buy to lets) coming on the market deeply discounted. A fascinating study (firewall alas) suggests that it is not simply an unwillingness or inability to lock in the loss that causes people to hang on. The authors employ a survey of 750…
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IBEC and IBRC and the IMF
This is a version of a column published in the Irish Examiner It must be dangerous to be a bird in Dublin these days. The government that promised transparency has instead adopted a kite-flying approach. The kites pop up, and like modern day Benjamin Franklins the government minister hangs on as it drifts into the…
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Minister says NAMA can continue to operate even if balance sheet-insolvent
Bankruptcy is no bar to NAMA it seems, as the minister suggests that solvency = liquidity. Hmmm… that sounds awfully like what we heard re banks in 2008…