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The Council has been spreading salt on all national primary,secondary and appropriate regional roads. In addition all main public transport routes and cross connecting routes are receiving salt. The Council has adequate stockpiles of salt and further quantities are available if required. The NRA have been tasked to source all salt supplies for the Country. [...]

http://www.economist.com/node/17583123

Dear Angela, We do not have much time so I’ll dispense with the pleasantaries. We are being offered bailout funds at 6.7% for 9-year money today – is this someone’s idea of a bad joke? That is on the extreme side of rip-off. How can we expect to ever work our way out of €83bn at [...]

From Reuters, 24/11/10 ‘GOLDEN DECADE’ BECKONS?  German investors have turned unexpectedly upbeat about the economy’s prospects for the coming months, a key survey showed last week, fuelled by growing optimism about the domestic labour market and the U.S. outlook.

Note to ECB – remember your responsibilities are to the entire Eurozone, not just to Germany… http://www.stuff.co.nz/business/world/4379348/Germanys-economic-growth-slows Look at what they are saying: Economy Minister Rainer Bruederle said the figures showed the economy was experiencing a “golden autumn”, while the head of Germany’s employers’ association, Dieter Hundt, forecast 2010 growth would beat the government’s forecast [...]

Organised a meeting between Cadogan Road residents and City Council housing officials today. Single agenda item – the irregular arrival of missiles (marbles, bricks, hurls and even a golf club) across the Tolka from Ballybough House.

http://www.greenparty.ie/en/news/latest_news/plan_will_bring_greater_economic_certainty Is this a new low of blatant electioneering by John Gormley or just twaddle? Watch the TV clip on www.rte.ie and make up your own mind…

Money from ECB/IMF/EU troika @ 5% is not a runner; interest bill on €80bn @ 5% is €4bn. No can do – 10-year deflationary spiral beckons in that scenario. Need to hold out for the 1.5% rate = €1,2bn interest p/a – thats more do-able. The rate is key.

This is a topic that I have taken a reasonably regular interest in over the last number of years; my most recent curiousity was in relation to the effect of the down-turn on claims against DCC; as you can see from the information below, the overall value has dropped dramatically…

Editorial from the Observer today. Ireland has been betrayed by its leaders. The need for a bailout is the consequence of the government’s incompetence. It should pay for its failure It never seemed to matter in the boom years, but strictly speaking, there is no such thing as a Celtic Tiger. The image was coined [...]