Economy

Death risk for NI workers ‘higher’

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A new report has revealed that workers in the North are twice as likely to die as their counterparts in the UK because of a high accident rate. However, Northern Ireland does have a higher proportion of tradespeople. Work-related ill health and accidents costs around £250 million a year with seven people losing their lives in work-related accidents in 2009, which is a 60% reduction on the previous year's figure.

A New Beginning for Haiti?

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The earthquake that devastated Haiti and shook the world could have heralded a new start for the perpetually impoverished Caribbean nation. But the reconstruction plans have made it clear that local and global elites wish to continue the policies that lie behind Haiti’s history of violence and deprivation.

BMW owners “sharing the pain”?

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As ordinary people continue to suffer the consequences of the economic collapse – through wage cuts, job losses, short term working etc., politicians are fond of telling us that we must all share the pain.

However figures for new car sales released by the Society of the Irish Motor Industry (SIMI) show that not everyone is sharing the pain.  The most popular car sold in August was the BMW 5 series which has a starting price of €50,000.

Words: Gregor Kerr

FÁS says ‘Work for No Pay’

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The state employment and training service, FAS, is telling the unemployed to work for nothing.  On the 29th July 2010 they had 484 work experience positions on offer.   Not only do these jobs pay no wages, they are allowing bosses to get rid of staff and replace them with free labour.

Corrib enquiry day 1 as new gas field claimed off west coast

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Yesterday saw the first day of the new An Bord Pleanala oral hearing into Shell’s attempts to impose an experimental gas pipeline on the people of Kilcommon in Co. Mayo. Shell stand to make billions out of the Corrib gas field with the Irish state seeing almost no revenue from these profits or the profits that are likely to arise from other oil & gas discoveries now being made. Claims for a field much bigger than Corrib off the west coast have been made in the last few days.

What else could the Anglo 25 billion be used for?

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The NAMA bailout of the property speculators bank, Ango Irish Bank, is now costing the rest of us 25 billion euro.  Twenty five billion euro is a figure that is almost meaning less to almost all of us.  A worker earning the minimum wage would have to work for 1.4 million years to earn 25 billion (before tax).  The economist Ronan Lyons listed 100 things that 25 billion could have been spent on in, some flippant but others which give a real sense of just what the real cost of the 25 billion that the richest 1% have robbed off the rest of the population through NAMA is.

87% believe wealth in Ireland is unfairly distributed - almost half in favour of establishing a maximum wage

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The 2010 Inequality Survey published by independent thinktank TASC has shown that 87% of respondents believe that wealth in Ireland is unfairly distributed.  This is up from 70% in the equivalent survey carried out in 2008. 91% of respondents believe that active steps should be taken by Government to address this inequality and reduce the income gap between low and high income earners.

The DE-ENERGIZER – the truth behind policy or who is REALLY Paying for this Crisis

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The news has emerged over the weekend that 900 homes a month are being disconnected from the electricity grid because they were not able to pay their bills. (1) A further 11,000 bill payers a month are entering into  special re-payment options  because they’ve already contacted the Electricity Supply Board to say that they are having difficulty making the payment.

The newspeak word that was used in the press release by the ESB was ‘de-energizing’ customers. 

 

Response to Pakistan floods shows barbarism of system

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Radio, television and newspaper reports of the recent devastating floods in Pakistan are at last beginning to refer to the sheer scale of the problems faced by the victims.  Figures for the number of people affected vary widely.  According to the Irish Minister of State for Overseas Development Peter Power, reported in today’s (Tuesday) Irish Times, “the United Nations estimated that 40 million people had been left homeless; that eight million of those were in urgent need of immediate food and shelter; and that the combination of rising water and humidity had made a cholera epidemic a real danger”.  RTE’s website says “Aid agencies are saying that the world does not fully understand the scale of the flooding disaster ….. One fifth of the country has been hit by severe flooding, with more than 20m people affected…..The UN believes up to 3.5m children are now at risk of contracting water-borne diseases….”.

More job losses but no further slump for now? NTMA sells 1.5 billion in bonds

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In what was described ahead of time as the most "important bond auction of the year" the National Treasury Management Agency (NTMA) sold 1.5 billion in bonds, a result which may steady the international markets at whose whims workers in Ireland have discovered their employment and living standards are subject to.  There was nervousness ahead of the sale due to the rise in the cost of servicing Irish debt in bond sales last week.  Meanwhile thousands of bank workers are losing their jobs.

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