Building materials

How The Recession is Saving Business (Or at least one of them)

Amongst all the recent bad economic news, it is nice to hear a success story. It is even more surprising when the company is in the devastated construction sector, sells a commodity product and its recent success is the result of the economic downturn. Speaking recently to a group of business leaders, the company CEO…

Dr. Pete Lunn

Reasons We’re Bad At Money Explained

A Behavioral Economist gives some fascinating insights in to our treatment of money.

photo of newspaper display

Old Media Shown Up Again?

Maybe the right side and left side of the brain just won’t get along. Or maybe the training is all wrong. Over at The Irish Economy blog, the Irish Times newspaper drew flak for clumsy, lazy or clueless reporting of tax information released by the Revenue Commissioners, Ireland’s tax authorities. The blog post is here.…

Innovation target

Innovation In Action and A Needless Struggle

There were some inspiring stories about innovation in this week’s Sunday Business Post (now behind a paywall), and then there was one cautionary tale from David McWilliams on how harmful government can be to struggling businesses. First the good news: Innovation does not have to come in the form of a blockbuster company like Nokia…

British Deficit Will Add More To Our Woes

David McWilliams is always worth a read, and today he warns that Britain’s huge deficit — remember their stimulus during the credit crash? — will put huge pressure on the value of Sterling. Unless the Euro follows it down, our goods will become more expensive in this hugely important market. Here’s how it ties in…

I Thought We Were On To A Good Thing

Waxing biblical, David McWilliams suggests Greece, and by extension Ireland, invoke the Bible as a reason for working  out of the mountain of debt the government has foisted upon us. McWilliams cites Deuteronomy, which calls on creditors to release their debt every seven years. One version I found on the internet starts off like this:…

Truly Depressing

David McWilliams has a truly depressing column today about the government and its banks approach to the property market. I was surprised, too, to see the return of various “economists” and “experts” who work for banks and estate agents. Having got things so badly wrong the first time around you would think they would have…

Borrowing Money We Don't Have To Give To People Who Cannot Repay — Then We Go Broke Too

David McWilliams, in this week’s Sunday Business Post column, says a Greek sovereign default is imminent. As I noted here last week, both he and MIT economist, Simon Johnson, said the EU bailout plan would not fix Greece’s woes. Last week, Daniel Gros wrote something similar in the Financial Times. Confidence in Greece is just…