Yanis Varoufakis is pulling no punches in the Guardian today. The euro is a hybrid of a fixed exchange-rate regime, like the 1980s ERM, or the 1930s gold standard, and a state currency. The former relies on the fear of expulsion to hold together, while state money involves mechanisms for recycling surpluses between member states […]
Fascinating read in The Atlantic. Patagonia as a company has tried hard to remove exploitation from it’s supplier chain, but in 2011 they decided to investigate deeper, beyond the usual first-tier direct suppliers, into their second level, and they found abuses of labour laws and unethical practices in their sub-suppliers that they are now aiming to […]
There needs to be a public debate about how the crisis should be resolved. It requires a clear decision about what role we want to give housing in the Irish economy. Should policy allow an unregulated private property market where housing is primarily a private commodity and an investment for speculation and accumulation of private […]
Paul Krugman could be on to something when he points out that small country politicians can have an incentive to go along with what the Davos Set (think troika) want, as once you are seen as a good member of the club, there’s no end of interesting jobs in the EU, IMF, etc that you […]
In an effort to avoid another outburst á la Irish Water, the Government has been heeding calls to review how the local property tax is calculated. Currently, it is based on the market value of the house as of 2012, and this level is frozen until 2016. The problem is that property prices in Dublin […]
In an attempt to encourage (I presume) the use of otherwise valuable and well-located land, the Government is proposing a new bill to create a ‘vacant land levy’. However, Local authorities, OPW and semi-states will be exempt, and these are the very people with quite a large amount of unused land in prime locations. Local […]
Laura Slattery in the IT reports two interesting nuggets from the latest Google Consumer Barometer: When it comes to buying home appliances, the Irish are also notably fonder of a practice known as “reverse showrooming”, where they research a purchase online before heading into a physical shop to have it rung up a till the […]