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Archive for November, 2010

Pensions Presentation Now on Thursday Dec 9, 7pm

November 30, 2010 Leave a comment

Unfortunately it has been necessary to POSTPONE the presentation on Pensions to be held on Dec6 in Teachers Club due to the inclement weather
The meeting will now take place on Thursday Dec 9 in Teachers Club, Parnell Sq, Dublin at the earlier time of 7pm. Detailed tables will be presented. Universal social charge will apply to private and public service occupational pensions. special tax changes will also apply to pensions in payment in addition to the general tax changes. Public service pensioners will take a straight cut as well. . Proposals to resist the changes will be discussed Paddy Healy

Categories: Uncategorized

Resist Cuts in Public Service Pensions-Meeting Tuesday Next

November 28, 2010 Leave a comment

A presentation on proposed cuts in Public Service Pensions will be made at National Public Service Alliance meeting to be held in Teachers Club, Parnell Square, Dublin at 8pm on Tuesday next November 30
All serving and retired public servants are welcome to attend
The presenter has considerable expertise and experience.
In addition to the direct cuts proposed in the Four Year Plan, the effect of the phasing out of Age exemption and age related tax allowance will be explored. Detailed tables will be presented
As legislation is necessary,a series of activities will be considered to bring home to Dail deputies the unfairness of this selective tax.

Analysis of Donegal SW by-election,

November 27, 2010 1 comment

There are interesting pointers in the results of the Donegal South West By Election in addition to the first preference percentages. The actual counts are pasted below

As the combined vote of O’Neill +O’Domhnall was less than the O’Doherty total, O’Doherty was elected without reaching the Quota on the fouth count.

Fianna Fail fell behind Fine Gael on this count

On the final count, the combined FF+FG total was less than the Quota of 50%+1vote and less than the Sinn Fein total.(On First Count SF+Lab+LeftIndependent=60%)
Mc Brearty transfer to Fine Gael was 26% as against 43% to Sinn Fein. This was much less than a traditional Fg/Lab coalition transfer. The transfers from McBrearty and from Pringle to Fianna Fail were 8% and 12% respectively. This is less than half the Fianna Fail percentage of Poll on the first count. This indicates that Fianna Fail will suffer even more on crucial late counts than on first count in the next election. Labour and Left Independent transfers to Sinn Feinn worked well exceeding 40% in both cases.
The dog that didn’t bark in the night—-
Left Independent Thomas Pringle was not squeezed by Sinn Fein or by Labour.In the Spring-tide election Labour squeezed all other lefts. In the coming election the defection from Fianna Fail will be so great that left independents and Sinn Fein will be lifted as well as Labour. This augurs well for the prospects of the recently launched Unite Left Alliance in the next election. A Labour/Sinn Fein/Left majority may yet be possible on the numbers. The next election is likely to take place after the budget cuts are implemented. The defection from Fianna Fail will be all the greater.

Donegal SW Count
First Count
Pearse Doherty 13,719
Frank McBrearty 3,366
Brian Ó’Domhall 7354
Barry O’Neill 6,424
Thomas Pringle 3,438
Anne Phelan 131

Independent who had withdrawn before election eliminated
Second Count
Pearse Doherty (+17) 13,736,
Frank McBrearty (+9) 3,375,
Brian Ó’Domhall (+4) 7,358,
Barry O’Neill (+18) 6,442,
Thomas Pringle (+53) 3,491.

Mc Brearty Eliminated
Third Count

Pearse Doherty (SF) +1452 = 15,188 +43% of McB
Brian Ó’Domhall (FF) +278 = 7,636 +8.2% of McB
Barry O’Neill (FG) +871 = 7,313 +25.8% of McB
Thomas Pringle (Ind) +272 = 3,763 +8.1% of McB

Non Transferrable +502 = 524

Thomas Pringle Eliminated and fourth count proceeds
Final Count

Pearse Doherty (SF) + 1,709 16,897 +45.4% of TP
Brian Ó’Domhall (FF) + 433 8,069 +11.5% of TP
Barry O’Neill (FG) + 869 8,182 +23.1% of TP
As the combined vote of O’Neill +O’Domhnall was less than the O’Doherty total, O’Doherty was elected without reaching the Quota

On the final count, the combined FF+FG total was less than the Quota of 50%+1vote and less than the Sinn Fein total.(On First Count SF+Lab+LeftIndependent=60%)
Mc Brearty transfer to Fine Gael was 26% as against 43% to Sinn Fein. This was much less than a traditional Fg/Lab coalition transfer. The transfers from McBrearty and from Pringle to Fianna Fail were 8% and 12% respectively. This is less than half the Fianna Fail per centage of Poll on the first count. This indicates that Fianna Fail will suffer even more on crucial late counts than on first count in the next election. Labour and Left Independent transfers to Sinn Feinn worked well exceeding 40% in both cases.
The dog that didn’t bark in the night—-
Left Independent Thomas Pringle was not squeezed by Sinn Fein or by Labour.In the Spring-tide election Labour squeezed all other lefts. In the coming election the defection from Fianna Fail will be so great that left independents and Sinn Fein will be lifted as well as Labour. This augurs well for the prospects of the recently launched Unite Left Alliance in the next election. A Labour/Sinn Fein/Left majority may yet be possible on the numbers. The next election is likely to take place after the budget cuts are implemented. The defection from Fianna Fail will be all the greater.

Ireland’s narrow elite ran the economy like a casino and awarded itself free chips.

November 21, 2010 Leave a comment

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, Observer, Sunday 21st November

Not all of the boom was bogus. The initial expansion was driven by growth in exports. A young, well-educated, cheap labour force attracted investment. So did an aggressively competitive 12.5% corporate tax rate. Ireland positioned itself as a lean, buccaneering start-up economy, challenging Europe’s unwieldy giants. Membership of the single currency gave seamless access to export and capital markets.

But there was a shift at the start of the 21st century. As success fed into higher disposable incomes and demand for houses, the returns on property investment soared. The government, in turn, became dependent on tax revenues – and in some cases bribes – from the building trade. Politicians kept consumer demand buoyant with generous public spending, while rewarding developer friends with public works contracts. Ireland’s narrow elite ran the economy like a casino and awarded itself free chips. No one, save a few lonely economists, had much incentive to call time on the party. By 2007, around one in five Irish jobs depended in some way on the property market.
(full article)

Categories: Banks and the Economy

Mother England to the rescue Friday, November 19, 2010

November 21, 2010 Leave a comment

Letter to Irish Examiner published to-day

NOW that the British chancellor of the exchequer has said Britain stands ready to participate in rescuing the state-owned Irish banks, it is appropriate that we should recall the words of an old song.

Peadar Kearney, who wrote Amhrán na bFhiann, has left us a suitable ditty which could now be understood literally. The following two stanzas are particularly apt. Perhaps they could be sung at Fianna Fáil árd fheiseanna.

“When we were savage fierce and wild
Whack fol the diddle fol the di dol day
She came like a mother to her child
Whack fol the diddle fol the di dol day
Gently raised us from the slime
Kept our hands from hellish crime
And sent us to heaven in her own good time
Whack fol the diddle fol the di dol day

Our fathers oft were naughty boys
Whack fol the diddle fol the di dol day
For pikes and guns are dangerous toys
Whack fol the diddle fol the di dol day
From Bearna Baol to Peter’s Hill
We made poor England weep her fill
Ah, but ould Britannia she loves us still
Whack fol the diddle fol the di dol day.”

Paddy Healy
Griffith Court
Fairview
Dublin

Please support my campaign for election to Seanad Eireann 086-4183732

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Responsibility and Accountability for Economic Crash

November 21, 2010 Leave a comment

This letter was published in Irish Times, Saturday, November 20

The first act of a new government must be to pass a Bill excluding from current and future public office all persons who were members of the Fianna Fáil-Progressive Democrat cabinet in the 2003-2007 period.
Before he became governor of the Central Bank, Prof Patrick Honohan in the Economic and Social Review(Summer, 2009) said the “Irish banking system had been, in effect, on a life-support system since September 2008. Complacency resulted in the banks fuelling the late stage of an obvious construction bubble with massive foreign borrowing, leaving them exposed to solvency and liquidity risks which in past times would have been inconceivable. At the end of 2003, net indebtedness of Irish banks to the rest of the world was just 10 per cent of GDP. By early 2008 that had jumped to over 60 per cent.”

The Bill should also provide for similar exclusion of all those members who sat on the board of directors of the Central Bank and Financial Services Authority of Ireland over the same period. – Yours, etc,

PADDY HEALY, 086-4183732
88 Griffith Court,
Fairview,
Dublin 3.

Please support my campaign for election to Seanad Eireann 086-4183732

Categories: Uncategorized

Pension Levy to Be Imposed on Pensions of Current and future Retired Public Servants in Budget

November 21, 2010 1 comment

Reports are circulating from reputable journalists that the pension levy on serving public servants is to be extended to retired public servants in the forthcoming budget. As you know, this is just a selective and discriminatory tax and has no bearing on pension. For the Government it is an attempt to avoid the legal difficulties involved in a straight pension cut. The pensions of the Super-Rich in the private sector which are heavily subsidised by the state will be unaffected by the levy. Tax relief can be claimed to fund a pension based on a maximum salary of 254,000 Euro.

Trident Consultancy recently reported to the 3 teacher unions that the pension scheme for new entrants to the public service is literally a tax. In very many cases the amount accruing to pensioners will be less than the amount invested by the employee alone.
Special meetings of retired members associations should be convened immediately to resist this threat.

Unfortunately the Labour Party Supports Cut in Public Service Pensions.
Pat Rabitte has confirmed on the Week in Politics(31/10/2010) that the Labour Party (Eamonn Gilmore on earlier RTE Sunday lunchtime News) favours cuts in public service pensions for both existing and future pensioners.

Please support my campaign for election to Seanad Eireann 086-4183732

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