|Subject:||Emailing: Will Bono trouser $540m from Facebook deal Business guardian.co.uk|
|Date:||Wednesday 5th January 2011 18:25:53 +0000|
|To:||Vincent Browne <firstname.lastname@example.org>, Shane.Ross@oireachtas.ie <Shane.Ross@oireachtas.ie>, markets <email@example.com>, michelle Clarke|
A thought for those tax exiles who are facilitated at present in Ireland…….
There is little talk these days other than doom and gloom and horrendous times ahead. Yet, look at today’s Guardian newspaper and read the article about Bono and his company or (vehicle – NAMA wording) and the windfall he has gained from his 1+% investment in Facebook. Then read it again and assimilate the content and contextualise it to the furore in Ireland before Christmas with the IMF, the EU group, the hand-outs from Britain, Denmark and Norway and ask the question about the wealthy people in Ireland who are permitted to keep one footprint here and another in a more favourable tax haven location or country.
Where is their sense of nationality, obligation, even compassion, or more strongly what about their sense of morality? Have they lost their moral compass and do they equate being born in Ireland as having no other more profound values. A lot of these people have their say in media here, express their views, call themselves Irish but when it comes down to what their tax advisers suggest and ultimately what they choose to do for financial reasons, they choose to not pay the due taxes to Ireland.
Charlie McCreevy successfully introduced a reduction in Capital Gains Tax from 40% to 20% and similar applies to inheritance tax. The Celtic Tiger expanding middle class and the wealthy category benefited greatly from this particularly those who invested in stocks and shares and of course in property. This move without being curtailed fueled the boom experienced. Now nobody talks about CGT. Why? Is it that the profits have disappeared? But if so what about the asset appreciation if assets are valued back at the 2002 level?
Back to Bono. This man has many investments in Ireland – he may even have a residential home in Dalkey? However, he changed his domicile for tax reasons and yes that was his choice and he had the right to do it based on sound economic principles. But now that we have to find 6 bn. euros + interest this year for our budget deficit, surely we need to tackle our wealthy people who choose to hunt with hare and run with the hound!
Quoted of relevance from article in Guardian UK. newspaper
Elevation http://www.elevation.com/ep_it.asp?id=112 has a 1.5% stake in the social networking site, which on paper is now worth a tidy $750m – almost four times the $210m investment in the company.
I know this is ‘bookies money’ i.e. share values change but if Elevation decided to sell on the day that 750 m. would yield a fair percent in terms of Irish tax revenues.
The people who have chosen to be tax exiles, those people who are in receipt of large pensions that originate here, who are involved in the Horse Racing fraternity, who do not pay their taxes here, should not be taken seriously when they speak out about what should be done in Ireland (the names will come quiet easily to you).
I have to say I am a fan of Michael O’Leary because he is upfront, he lives here, he is involved in the Racing industry but most of all he is entitled to have his view about what he regards as an ineffectual government because first and foremost he created Ryanair that yields profits, cut down the elitist prices of Aer Lingus flights in the 1980’s, and yes he is quite frank in his statement – HE PAYS HIS TAXES IN IRELAND.
|Subject:||Emailing: Gabrielle Giffords http://www.youtube.com/watch?v=m65EBd3N2KI to recover in rehab centre: World news guardian.co.uk. The NRH in Ireland is our rehabilitation centre but surely we need more centres of excellence. Daily we hear of car accidents, falls, even shootings and thuds to the head, psycho-neurological and spinal issues. We need beacons to follow and this Gabrielle Giffords near tragedy becomes an identifiable case history in the making|
|Date:||Thursday, 20th January 2011 13:00:13 +0000|
|To:||firstname.lastname@example.org, email@example.com, firstname.lastname@example.org, email@example.com <firstname.lastname@example.org>|
I would like people to read the Guardian newspaper today especially those who work in Rehabs and trauma departments but above all I would like our cosy cartel of consultants to open their minds and eyes, to establish a better way forward to help all people to recover and rehabilitate themselves back into the home environment post traumatic/acquired brain injury.
It is very annoying to see in the last 13 years the waste of billions of our monies to self indulged manic bankers (gamblers) and developers (speculators). It is now time that with an incoming government which is one promising change that we impress upon them that we also need to change our sense of morality and in particular the medical profession. It is no secret that some members of the medical profession are there for the high elitist life and this can have a negative output towards the patients. These consultants should read the memoirs of people like Dr. Maurice Nelligan, a gentle man and a gentle giant in his own field (a true visionary). Ireland now desperately needs more like him (with a particular ability to integrate and create multi-disciplinary approaches and demobilise bureaucrats for the sake of medicine and in certain cases its adjunct Rehabilitation.
‘The salary of the chief executive of the large corporations is not a market reward for achievement. It is frequently in the nature of a warm personal gesture by the individual to himself.
JK Galbraith (born 1908) Canadian-born economist and author of The Affluent Society
|Subject:||No Responses to:
“Senior Ministers Resign From Cabinet”
|Date:||Friday 21st January 2011 21:27:51 +0000|
|To:||email@example.com, OKeeffe, Minister <Minister_OKeeffe@education.gov.ie>, firstname.lastname@example.org, Minister@entemp.ie <Minister@entemp.ie>, Alex.White@Oireachtas.ie <Alex.White@Oireachtas.ie>, email@example.com <firstname.lastname@example.org>, email@example.com, firstname.lastname@example.org, email@example.com, firstname.lastname@example.org, email@example.com, firstname.lastname@example.org <email@example.com>, O’Shea, Fergus <firstname.lastname@example.org>, email@example.com, Hugh Kane <firstname.lastname@example.org>,|
No Responses to “Senior Ministers Resign From Cabinet”
‘Tunisia’s state coffers are missing 1.5 tonnes of gold, according to an industry group, amid reports that the ousted president and his wife had collected the ingots before fleeing the country’.
‘The most radical revolutionary will become a conservative the day after the revolution’
Hannah Arendt (1906-75) German-born political philosopher. A refugee from the Nazis, she is best known for her analyses of fascism and totalitarianism.
|Subject:||Reply to Infowars Ireland article: Asia’s richest man eyeing up Irish state assets January 24th 2011. Tthe Finance Bill is the focus of attention to the exclusion of other matters. We await the election date … let us use the time to focus on our hopes for our beleaguered nation|
|Date:||Monday 24th January 2011 20:54:25 +0000|
|To:||Undisclosed address list|
‘…while you go lower and lower’. But surely this is about human nature factor of attitude.
We have moved from the egocentric narcissists to the negative attitudinal blame merchants and what is the cost; we are sinking in an abyss while the media stir the ‘dirt’. We need hope surely.
Irish Financial Services Centre provided the vision for the Celtic Tiger and now visionless we have four Cabinet members fighting internally to become leader of FF. For me it is too much like ‘Et tu Brute…’.
We need hope but we also need a sense of worth otherwise Ireland Inc could become the ideal location for take-over merchants be they Corporates or in the case of this article countries like China. Recently it was reported that former FG Leader Mr. John Bruton now Chief Executive IFSC was on a trade mission to the Middle East with a focus on selling our ‘banks’. People behind the scenes are working within the global spectrum that they have experienced and there is nothing like a bargain for people like the Chinese, those from the Middle East and those from Russia, even from Irish tax exiles deciding to return. We the plain people of Ireland must embrace the knowledge economy which EU membership dictated our destiny to be. Education and creativity need to be fostered along side the promotion of an ethical life long learning ethos.
We need to stand tall, realise that we have a small population that are deemed to be educated; demographics that are more about youth than old age, we have an open economy; we are an Island surrounded by seas with wealth potential yet not discovered. Yes, this is not the time of the famine….we have potential; we just need to divest ourselves of corruption. We need to conclude the Tribunals e.g. the Mahon Tribunals and set a code of standards to encourage people to adhere to.
We need a leader with constancy, vision, ability, a team leader. It is interesting to read in the above article about Mr. Cowen and Department of Finance and Department of Enterprise meeting this Cantonese delegation expressing interest in our state sector businesses. We must not forget that Mr. Cowen, albeit shunned presently, did try to ‘keep his head while around him in his party, all seemed to be losing theirs’. Too much blame is bad for our nation.
|Subject:||Common sense medicine and the view of the patient/user as distinct from bureaucratic attempts to make life difficult for people who have illnesses who need services and social care|
|Date:||Wednesday 26th January 2011 13:08:17|
|From:||Michelle Clarke <email@example.com>|
|To:||firstname.lastname@example.org, email@example.com, brendan riesebeck <firstname.lastname@example.org>, email@example.com, firstname.lastname@example.org, Contact <email@example.com>, firstname.lastname@example.org, BarryQuirke@Courts.ie <BarryQuirke@Courts.ie>, DE BRÃšN Bairbre <email@example.com>, firstname.lastname@example.org <email@example.com>, Dermot Lacey <firstname.lastname@example.org>, Dearbhail McDonald <email@example.com>, DE BRÃšN Bairbre <firstname.lastname@example.org>, email@example.com <firstname.lastname@example.org>|
The services provided by pharmacies for people with queries about health prove to be excellent provided you live near a chemist, as I do. Now they have on their premises a private room where they can check your blood pressure, give you a flu jab or answer the little worries that often fly around in your head when you have a certain medical diagnosis.It is a view by now that people who are part of the public medical health service i.e. community system of medicine and care can be pawned off with nonproductive or strategic mis-use of their time – you see they don’t count.
|Subject:||Doctor’s surgery becomes legal advice centre – Ministry of Justice. Time of invocation as politicians go door to door for votes. Let us promote inclusiveness and innovation. Here is an idea for the near desolate Royal City of Dublin hospital in Baggot Street and yes add Village and create the location which is historic to say the least Time to stop Stigma and such a hostile approach neuro-psychiatric umbrella of labels!
|Date:||Wednesday 2nd February 2011 16:51:19|
Wednesday 2nd February 2011
Let us create a community around Upper Baggot Street Village. We need an umbrella to gather together the strands from addiction to health to legal affairs to entrepreneurs to science.
Housed in this area already are HRB, the Mental Health Commission, FAS, TESCO, Royal City of Dublin Hospital, IDA, Enterprise Ireland, IBEC, a number of pubs, coffee shops….all contribute to making a centre of excellence related to Mental Health or wellness linked to neurology a possibility. The motto of the European Union in 2000 ‘Unity of Diversity’ makes a good start for a draw-down on EU funds and a Centre of Excellence ie Royal City of Dublin hospital, most likely to be sold in the near future.
Baggot Street Village – let the politicians in the making innovate and recreate this area. Transport 21 evidently has something in mind because now the 39A has replaced the No. 10 and you can travel to beyond the Blanchardstown shopping centre, through Baggot Street and to UCD. The No 37 which is from Castleknock goes to Waterloo Road. What is the plan for the Georgian streets with doorways of such reputation? Milan has plans and our planners need to read the Financial Times weekend supplement re. Davos and the imagination and creations envisaged for that city of note.
‘Unemployment seems to take away opportunity to make a useful contribution’
Bishop David Sheppard
|Subject:||Corporate Crime: 3 year jail term for banker in UK for insider dealing; while another party is extradited, sentenced two years and an order of Stg£640,000 IN CONFISCATION?|
|Date:||Sunday 6th February 2011 18:38:20 +0000|
Sunday 6th February 2011
Drumm, former CEO Anglo Irish Bank, is in the US seeking to be declared bankrupt; his manipulation of position and choice, while we in Ireland are left on the outside track re. access to information that we are entitled to and yet deprived of. (the Purcell Report).
Nikhil Kumar, wrote an interesting article in the Independent (UK) newspaper during the week – ‘banker gets record three-year jail term for insider dealing’. In the past, we in Ireland have had problems with Insider Trading breaches, but the fact is the Irish Stock Exchange is really only a sub-station to the UK FTSE and preparing the case is more difficult for us to establish and prove.
However, the law in the UK is carving a path for us in Ireland and hopefully the likes of Anglo Irish Bank and Irish Nationwide personnel will be ‘burnt’ for their breaches of the law i.e. once our Regulators, Fraud Squad, CAB and DPP can put together sufficient evidence.
Reported 3rd February 2011: ‘A former City banker, his wife and a friend have been sentenced in a £2.15 m insider trading scheme uncovered by the FSA (Financial Services Authority)’. Now here is a scenario that hopefully will prepare the way to seek out the pathways of money patterns through the global financial system. This is one of a number of successes by the Financial Services Authority in the UK. Similarities exist, I would suggest, to some cases pending or even with the DPP and other regulatory forces in Ireland presently.
The three people, in the case cited, pleaded guilty to 8 counts of insider trading in a number of listed shares between the years 2000-2008. Interestingly, the ‘insider dealing’ only came to the fore after Mr. Sa’aid made suspicious share purchases in advance of the Highway Insurance takeover in 2008. Investigation yielded details of his trading records and the FSA noticed other suspicious trades connected to as many as 21 deal announcements. In fact, the FSA trawled through large amounts of data, including a floppy disk found in Mr. Littlewood’s garden shed which showed how the profits of the deal were divided. Coincidence or whatever, investigators spotted that Mr. Littlewood, a Shore Capital banker on the Highway deal, used to work at the German firm. The inquiry progressed: ‘The FSA took a closer look at movements of money between Mr. Sa’aid and an individual names Siew Yoon Lew (Mrs Littlewood). This link proved crucial and yielded to the unravelling of patterns that established insider trading.
We need to take heart that ultimately corporate crime by bankers and others, maybe even extgended to Auditors will appear before the courts and some redress and compensation will be granted. What is interesting about this case viz a viz Mr. Drumm is that Mr. Sa’aid was extradited from the Comoros Islands in March 2010, he pleaded guilty to the charge, was sentenced to two years in prison AND ORDERED TO PAY £640,000 IN CONFISCATION. Do we have in place this legislation!
‘Watch out for the fellow who talks about putting things in order!
Putting things in order always means getting other people under your control’
Denis Diderot (1713-84) French Philosopher.
|Subject:||Financial Times: The Cluster Boom:
Dublin and World Heritage Georgian City: Creativity, lateral thought and vision.
|Date:||Monday 7th February 2011 13:39:30 +0000|
|To:||email@example.com, firstname.lastname@example.org, Dymphna Moore <D.Moore@ria.ie>, email@example.com, firstname.lastname@example.org, email@example.com|
Irish Architectural Foundation website is worth a visit for those interested in Georgian Dublin. A study exists to say that there are no more than 250 people living in inner core housing e.g. Fitzwilliam Square, Merrion Square and around St. Stephen’s Green.
What is happening to our inheritance? It’s narrative in the 1800’s and 1900’s may have been about extremities of poverty i.e. poor living accommodation and the vestiges of wealth not forgetting the minority of those who remained behind after 1921 but this does not mean we allow it fall to further decay.
Excerpt from IAF website:
Dublin is in the process of seeking UNESCO approval for the designation of Dublin as a World Heritage Georgian city. In ReDrawing Dublin, Kearns and Ruimy argue that “to designate an essentially suburban two-storey city.. as a World Heritage Georgian city, however, is a muddled misunderstanding of Dublin’s present built geography and a potentially destructive limitation on the possibilities of its urban future.”
Who knows about this? I live on Wellington Road and I sure didn’t. I feel passionately about this area and consider it to be substantially undersold for its potential.
There is an interesting article in the House and Home Section (Property Architecture Interiors Gardens) section of this week’s Saturday Financial Times.
There appears to be action over in London with the establishment of ‘new fiefdoms in London, New York and Hong Kong’. It is about the creation of inner-city estates. Something similar was reported in last weeks supplement re Davos and the inspiration for the city quarters in Milan.
Unesco and Tourism surely go hand in hand. We marketed the Georgian doorways decades gone by but now shame faced per consequence of our negative interaction with property, we fail to see markets that may exist in the future. We need vision. We need to work in line with Unesco Heritage. We (Dublin) are promoted as the City of Literature as Derry is endorsed as the City of Culture. We need to interact North and South We need to look to other markets as in the UK. This new found market is called the high-end micro-market….we might even challenge those tax exiles to return with a similar initiative and to start living in clusters in nominated heritage areas.
I hope politicians while on their election campaign do not ignore ‘Upper Baggot Street Village’. It is an area of historic importance and needs the so-called retro-fit that is being marketed elsewhere but not for our Georgian heritage houses. This may mean tax incentives but then who knows the EU might give us some funds viz a viz potential tourism and inner infra-structure which would rehabilitate urban destruction areas especially where there is a strong historical heritage.
It is time for us to get up off our knees and starting looking ahead. Egypt is a tragedy in the making but look to the headlines in the Financial Times….insecure markets and funds flow out of the Egypt and their neighbours and back to safer locations. This is the mystery that keeps markets alert and mobile.
‘The majority of these people have several homes and will travel between them.
They might leave a few people behind, but often they will take apartments in a building
which is well equipped with its own guards and a good range of services’
…….Global markets dictate their lifestyles of choice.
|Subject:||Two comments re. Sunday Times newspaper. Always: ‘Delay, NEGOTIATE, Default’ route surely|
|Date:||Monday 14th February 2011 13:33:00 +0000|
|To:||firstname.lastname@example.org, email@example.com, firstname.lastname@example.org, Contact <email@example.com>, Dearbhail McDonald <firstname.lastname@example.org>, Dermot Lacey <email@example.com>, firstname.lastname@example.org <email@example.com>, Eamon Gilmore <firstname.lastname@example.org>, Eugene.Regan@Oireachtas.ie <Eugene.Regan@Oireachtas.ie>, email@example.com, Liam Carey <firstname.lastname@example.org>, Cahill Gavin <GCahill@financialregulator.ie>, email@example.com <firstname.lastname@example.org>, Constantin Gurdgiev <email@example.com>, KT Hawklett <firstname.lastname@example.org>, email@example.com, James.Reilly@Oireachtas.ie <James.Reilly@Oireachtas.ie>, firstname.lastname@example.org <email@example.com>, firstname.lastname@example.org, KT Hawklett <email@example.com>, Leo.Varadkar@Oireachtas.ie <Leo.Varadkar@Oireachtas.ie>, Liam-IPRT <LHerrick@iprt.ie>, Michelle Clarke <firstname.lastname@example.org>, email@example.com <firstname.lastname@example.org>, Nigel Dodds <email@example.com>, Nigel Dodds <firstname.lastname@example.org>, email@example.com <firstname.lastname@example.org>, Pearse et al|
14th February 2011
A thought perhaps and then maybe some questions.
Yesterday, the Sunday Times has a brief article about the ‘Hunt’ for Mubarak’s millions. I thought this is quick, he is just deposed or so we are led to believe. But money markets act fast and in the UK the Senior Fraud Squad (yes the same SFO that operated in the North of Ireland) and which is similar in operation to our Criminal Assets Bureau, have acted.
The SFO or so the report goes has launched its hunt for millions of pounds of cash and assets ‘believed to have been secretly stashed in Britain by Hosni-Mubarak, the deposed Egyptian president, and his family. Meantime, last Friday, Switzerland became the first country to freeze assets ….. those that they believe belong to Mubarak and his regime. Sovereignty no longer applies to this dictator and his assets are up for grab…and hopefully return in some format to the people of Egypt. The next surprise is the amount of his family fortune is estimated at £1.5 billion or 1.8 billion euros. It is believed that it is held in British and Swiss Bank accounts and tied up in property in Britain, New York and Los Angeles.
Where are the CAB (Criminal Assets Bureau) in Ireland re. solicitors like Lynn, bankers like Drumm, and developers, and also negligent politicians? Yes too many to name and their tracking network is limited to find where the money actually is invested? How is it that a country like Egypt has a leader for 30 years and his ‘takings’ are only 1.8 billion euros when Ireland appears to be in debt for over 100 billion? The accounting is proving bizarre to say the least. It makes one think of pawn brokers, ‘Jew debt collectors’ in the hard times of the early State and the penal rates of interests that applied to people
Yes: Enda Kenny. Well done for not side stepping any more than necessary and meeting Angela Merkel. We need more transparency. Noughts are appearing without justification. It is similar to taking out a car loan in the 1980’s for say three years at a fixed interest rate. Then you get a job promotion and you have a bonus and you go to pay off for your car. You go to the bank and you are told no….you are signed in and you pay right up to the last payment….no negotiation allowed. This can be changed by people power.
The Sunday Times again: another consideration worth thinking about.
‘Anglo is on brink of the Quinn deal’. The question is that investment bankers are in the business of creating opportunities for investors willing to take risks and invest funds and particularly insurance companies.
It announces a joint venture between Anglo Irish Bank and Liberty Mutual (the large American insurer)….This is a significant move and surely a positive one for both Quinn and Anglo and by consequences re. values its debt downwards?
Margaret Mead (1901-1978) US anthropologist,
‘Never doubt that a small group of thoughtful committed citizens can change the world. Indeed it’s the only thing that ever has’
|Date:||Wednesday 16th February 2011 23:43:09|
|To:||Jimmy Deenihan <email@example.com>, Shane.Ross@oireachtas.ie <Shane.Ross@oireachtas.ie>, Shane Clarke <firstname.lastname@example.org>,|
Wednesday 16th February 2011
I would suggest Baggot Street as a model. I would start by referring to it as Upper Baggot Street Village and would then add in all the strands that relate to it from the canal via Mespil Road, to the hospital that once was a place of renown, to the Irish Architectural Foundation and what it wants to do to revive Georgian Dublin.
by Michelle Clarke
|Subject:||Pessimism will not persuade the IMF-EU group|
|Date:||Thursday 17th February 2011 21:42:26|
|To:||Shane.Ross@oireachtas.ie <Shane.Ross@oireachtas.ie>, Moloney, Ruth <email@example.com>, firstname.lastname@example.org <email@example.com>, firstname.lastname@example.org|
17th February 2011
|Subject:||Banker Sir Fred Goodwin, the former boss of Royal Bank of Scotland, once the fifth-largest bank in the world.|
|Date:||Friday 18th February 2011 17:26:59 +0000|
|To:||email@example.com; undisclosed list|
Royal Bank of Scotland lest we forget entered the Irish market buying out old ESB (Electricity Supply Board) premises giving them ideal locations throughout Ireland. They had a target market of loans that would undercut the big banks and set in place those heady days of ensuring that almost anyone would be eligible for a mortgage. This was the real reckless lending associated with de-regulation yet RBS (Royal Bank of Scotland – Phil Flynn connection) was welcomed and probably in another two years or so we will face something similar as a foreign bank sees potential for lending in Ireland again and to introduce cheap mortgages…
We talk about faults in regulation but let us not forget globalisation was about deregulation. Let us not forget that regulation existed prior to the Euro. Then Central Bank had two critical mechanisms i.e. exchange rates (IR£ mainly centred around the German mark) and deposit rates. Anglo Irish Bank was the bank that kept the Irish banks in a competitive advantage cycle…many of us benefited from their competitive deposit rates and currency deals. Soon market forces will see a reduction in the capacity for people to get loans to buy homes. Will there be a change in attitude – maybe people will choose to rent houses instead? Could it be true that the main category for mortgages now are in the 40-60 age category? Does this infer second relationships and what is the impact here going forward?
Personally wary of the need for cash to be spent in the economy and particularly at grassroots and not owning a car anymore, I try to take a taxi every so often because we all know they are having a particularly hard time in this exhausted economy. I can recommend it – it is a good way to get another perspective. A taxi driver told me that a statistician told him about the 40-60 age group and the mortgages.
‘The most beautiful thing we can experience is the mysterious’
Albert Einstein (1879-1955) German born physicist
|Subject:||Citizen Journalism site: Response to Opus D: Ireland Inc. what assets have we to work with going forward?|
|Date:||Wedneday 23rd February 2011 12:47:54|
|From:||KT Hawklett <firstname.lastname@example.org>|
|To:||email@example.com, firstname.lastname@example.org, email@example.com, Contact <firstname.lastname@example.org>, Dearbhail McDonald <email@example.com>, Dermot Lacey <firstname.lastname@example.org>, DE BRÚN Bairbre <email@example.com>, “firstname.lastname@example.org” <email@example.com>, Eamon Gilmore <firstname.lastname@example.org>, email@example.com, “Eugene.Regan@Oireachtas.ie” <Eugene.Regan@Oireachtas.ie>, Liam Carey <firstname.lastname@example.org>, email@example.com, “firstname.lastname@example.org” <email@example.com>, Cahill Gavin <GCahill@financialregulator.ie>, Constantin Gurdgiev et al|
Wednesday 23rd February 2011