Precarious employment: when those who earn least take the greatest risk

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By Cormac Lucey The foundation stone of modern financial theory is the capital asset pricing model. This argues that the greater the volatility of an investment, the higher the return that investors should seek to compensate for risk. Modern employment practices are turning this principle on its head. Today it is often those who are paid least who face the … Read More

We need to talk about Ireland’s soaring disability rates

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Eamon Delaney in TheTimes.ie   We have a tendency to do taboos in Ireland and not to focus on certain things or question certain orthodoxies. Maybe it has something to do with our Catholic past and ethos. And indeed the Catholic ethos and behaviour of the Catholic church was something we didn’t question either – until it was too late. … Read More

Another pension hike just widens divide between young and old

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By Eamon Delaney  This year, the budget saw the state pension raised again, by a fiver, just as it was last year. Indeed, the Taoiseach Leo Varadkar has said that he plans to do this every year from hereon. Before she left office, Joan Burton said she planned to do the same, increase the pension every year for four years. … Read More

A budget based on artificially high taxes and interest rates – again

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Comment on the Budget from Brendan Burgess, founder of Askaboutmoney.com During the Celtic Tiger years, we based our budgets on artificially inflated property and other tax receipts. We are making the same mistake now – basing our budgets on artificially high taxes and artificially low interest rates. The difference now is that we have €200 billion of borrowing which we … Read More

Job rate is impressive but the taking part is what counts

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By Cormac Lucey One of the clearest signs of Ireland’s economic recovery since the dark days of 2011 and 2012 has been the sharp drop in the unemployment rate. Having peaked above 15%, it fell to 6.1% in September. The national unemployment rate has shifted more than four-fifths of the way back to the bubble-era low levels of a decade … Read More

Budget 2018 – We Need Tax Relief for Working Families

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Political Debate Must Be Based on Factual Analysis At the 2011 General Election, the main political parties indicated that tax increases would represent 27-42% of budgetary austerity, with spending cuts making up the balance. Official government data indicates that tax increases constituted 42% of budgetary adjustment over that period. Correcting for misclassification (of tax/revenue increases incorrectly classified as spending reductions) … Read More

How Michael O’Leary could transform Irish politics

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  By Paul Molloy Could Michael O’Leary run for the Dail, win a seat and in a short time build a Dail majority and become the Taoiseach ?. Emmanuel Macron has proved it possible; amazing, because he did so in a country with a population of 67 million. Why do I believe Taoiseach O’Leary is possible? Firstly, because he has … Read More

Send for Michael O’Leary — our economy still measured on a wing and a prayer

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By Cormac Lucey What is Ryanair’s annual output or revenue? You can find the answers very quickly by looking at the company’s annual report. For most companies, total annual output is a simple matter to determine. Measuring Ireland’s annual output is a more complicated question. This is because the presence of so much multinationals generates activities that occur here but … Read More