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Ireland ahead of UK and behind Germany, Norway and Denmark

IMD World Competiveness YearbookThe US, Hong Kong and Singapore are the top dogs according to the International Institute for Management Development (IMD) World Competiveness Yearbook 2015.  The US has been in the number one slot for a few years and it is as a result of its strong business efficiency and financial sector, its innovation drive and the effectiveness of its infrastructure.  Switzerland are in 4th slot, losing two slots from last year.

Wednesday, 21 January 2015 20:22

World Economic Forum 2015.

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Income Inequality is causing a problem.

World Economic ForumThe World Economic Forum is taking place in Davos-Klosters in Switzerland this week on 21st until 24th January 2015.  Our own Taoiseach, Enda Kenny, is speaking at it.

You can see a video at the end of this article.  Go to 6.15 and 38.30 for Mr Kenny.  There are five reports for you to download at the end of the article just above my photo.

The Global Agenda 2015 features an analysis of the Top 10 trends which will preoccupy experts for the next 12-18 months as well as the key challenges facing the world’s regions, an overview of global leadership and governance, and the emerging issues that will define our future.  The 10 trends are:

Tuesday, 05 August 2014 16:39

Vultures, Holdouts, Bonds and Strategies.

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An intriguing story of real life money – big money.

Argentinean President Cristina Fernández de KirchnerArgentinean President Cristina Fernández de KirchnerOnce upon a time, Ireland borrowed €86 Billion. It bailed out banks, propped up the economy, paid for the overspending in the public service and generally kept the country afloat.  It has met all its repayments and is choosing not to default on anyone.


Eaten bread is quickly forgotten.

Londoner Schuldenabkommen. London Debt Agreement 1953Londoner Schuldenabkommen. London Debt Agreement 1953Once upon a time, 1953 to be exact (the year I was born), Germany owed 32 Billion Marks from before the second World War (in fact as a result of the First World War) and after it, to governments and private sources. 

Between 27th February and 8th August 1953, there were discussions to try to reduce that debt.  The 26 parties that were involved included Belgium, Canada, Denmark, France, Great Britain, Greece, Iran, Ireland, Italy, Liechtenstein, Luxembourg, Norway, Spain, Sweden, Switzerland, South Africa, the United States, and Yugoslavia and others. The states of the Eastern Bloc were not involved.

Thursday, 06 March 2014 21:39

Rolls Royce are developing Drone Ships.

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Drone ships would be safer, cheaper and less polluting for the $375 billion shipping industry that carries 90 percent of world trade, Rolls-Royce says.Source: Rolls Royce. | Drone ships would be safer, cheaper and less polluting for the $375 billion shipping industry that carries 90 percent of world trade, Rolls-Royce says.Amazon are developing aerial drones to deliver parcels and we already have driverless cars.  Now, Rolls Royce is developing unmanned container ships.

This is product development on a major scale.  Oskar Levander is vice president of marine innovation engineering at Rolls Royce.  He is a man with vision and says “The idea of a remote-controlled ship is not new, it has been around for decades but the difference is the technology now exists”.

A Ukranian soldier tries to persuade Russian troops to move away from a Ukrainian military base in Balaklava, Crimea on Saturday. Photograph: Anton Pedko/EPAA Ukranian soldier tries to persuade Russian troops to move away from a Ukrainian military base in Balaklava, Crimea on Saturday. Photograph: Anton Pedko/EPAThe crisis in Crimea has caused more than just tensions in the area.  The world’s 300 richest people, made up by many Russians and Ukrainians, lost over $44.4 billion after the stock exchanges collapsed yesterday, Monday 3rd March.

Bloomberg's Billionaires Index shows the wealth of Russia's tycoons shrank by $13 billion within 24 hours last Monday, 3rd March.  This index is a daily ranking of the richest people on Earth.

Thursday, 05 September 2013 11:05

Microsoft statement on Nokia full text

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This is the full text of the statement from Microsoft about their buyout of Nokia devices.  

Microsoft Corporation and Nokia Corporation today announced that the Boards of Directors for both companies have decided to enter into a transaction whereby Microsoft will purchase substantially all of Nokia’s Devices & Services business, license Nokia’s patents, and license and use Nokia’s mapping services.

Liberty Reserve, a currency digital exchange company in the US, has had an indictment filed against its operators last Friday.  They have been accused of helping criminals around the world launder more than $6 billion in illicit funds linked to everything from child pornography to software for hacking into banks.  It has been termed the PayPal for criminals.

cyber crimecyber crimeSeven Eastern European men have been charged in New York with 27 counts of wire fraud and other computer-related crimes, alleging that the group hijacked 4 million computers across 100 countries in a sophisticated clickjacking scheme in order to hijack surfers trying to get to the iTunes store or the IRS. The enterprise allegedly netted the crooks more than $14 million.

Thursday, 11 April 2013 21:52

Irish couple deported from America over tweet

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deporteddeportedI was sent a link to an article in Irish Central that was headed “Irish tourist deported and barred from US after 'destroy America' tweet”. 

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