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The good economics news for Ireland thread

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  • 11-07-2008 8:03pm
    #1
    Flamed Diving
    Closed Accounts Posts: 6,609 ✭✭✭


    I'm sick and tired of all the doom and gloom, when there are some decent statistics out there for the economy. So, I will dedicate this thread to such positive factors.

    I read somewhere that high-tech manufacturing actually grew by 8% year-on-year in Ireland,
    although low-tech did fall
    .

    So that's some good news, right?

    Keep em coming!

    :D


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    #2
    mumhaabu
    Closed Accounts Posts: 1,031 ✭✭✭mumhaabu


    I found a penny today!

    Seriously though the ISEQ lost 6% today there is not muh good news, Ireland is effectivly heading towards where the USA was in 1929. We are heading into the perfect storm of Economic Depression and will be nasty. Crime will rises hundreds of thousands will lose their jobs, thousands of homes will be repossed and the Government will be forced out in a potential coup.

    Fianna Fail will suffer their worst electoral defeat ever in the 2009 councils and when they get around to replacing one of their better Politicians Seamus Brennan RIP, they will probably lose that too which is unfortunate as Seamus was one of the few good in bunch of bad eggs.


  • Options
    #3
    leninbenjamin
    Closed Accounts Posts: 8,983 ✭✭✭leninbenjamin


    how about this?

    so we're in Ireland's own 'great depression' now eh? while there are still Yummy-mummy's all over the shop filling an SUV tank at over €150 a pop for 'the comfort' we're far from a depression...


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    #4
    Flamed Diving
    Closed Accounts Posts: 6,609 ✭✭✭Flamed Diving


    Perfect storm? If that the new media soundbite?

    :rolleyes:


  • Options
    #5
    Économiste Monétaire
    Closed Accounts Posts: 2,208 ✭✭✭Économiste Monétaire


    Inflation is slowing down despite the news of increased oil and food prices. The CPI increase from May to June was the lowest this year.


  • Options
    #6
    Flamed Diving
    Closed Accounts Posts: 6,609 ✭✭✭Flamed Diving


    Yeah, to be expected considering everyone is tightening their belts, and with the rising interest rates, to boot.


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    #7
    Flamed Diving
    Closed Accounts Posts: 6,609 ✭✭✭Flamed Diving


    Siemens, food firms create 110 jobs

    Wednesday, 16 July 2008 14:44

    More than 100 jobs are to be generated in separate investments in the IT and food science sectors. The projects are being supported by Enterprise Ireland and the IDA.
    German electronics firm Siemens is creating 60 jobs in its IT services division in Cork City. Separately, in a joint venture part-funded by Enterprise Ireland, four major Irish food companies have announced 50 new food science positions.
    Electronics and engineering giant Siemens says its Irish operations fought off competition from elsewhere because of its competitive cost offering and the availability of qualified people.
    Advertisement

    The 60 new jobs in Cork City are for technical and network specialists. Siemens already employs more than 1,100 staff in Dublin, Cork and Belfast, and says it sees further opportunities in the Irish market.
    Meanwhile, Tánaiste and Minister for Enterprise Mary Coughlan has announced funding of €20m for the food science industry. Four big Irish food companies - Kerry Ingredients, Glanbia Nutritionals, Carbery and Dairygold - will work together to develop strategies to bring functional foods to the market.
    These are foods and ingredients which will have a beneficial effect on health or disease in the areas of infant development, obesity, immunity and colorectal cancer. It is anticipated that 50 jobs will be created in this venture, 30 of them new positions.

    [URL="javascript:showPlayer('jobs_av.html?2399592,null,230')"][/URL]
    Story from RTÉ Business:
    http://www.rte.ie/business/2008/0716/jobs.html

    Some more good news.


  • Options
    #8
    IanCurtis
    Closed Accounts Posts: 1,004 ✭✭✭IanCurtis


    More good news - the apartment I sold for €330k is now worth €280k!!

    Take that!!


  • Options
    #9
    Flamed Diving
    Closed Accounts Posts: 6,609 ✭✭✭Flamed Diving



    Jobs
    EMC cooks up 50 new jobs at Ovens campus
    Thursday, 24 July 2008 14:37
    IDA Ireland says there is no need for concern about the level of job creation by foreign multinationals based in Ireland and that its pipeline of new projects remains strong.

    The agency made its comments as data storage company EMC, which employs 1,600 people in Ovens, Co Cork, today announced that it will invest €20m in a new research and development centre at its plant there.

    EMC established its first manufacturing facility outside of the US in Cork 20 years ago and today that plant has grown to employ more than 1,600 people. 90% of its workforce are graduates.

    AdvertisementEMC is Cork's biggest multinational employer and today it announced a further €20m investment in a research and development centre at its plant at Ovens which will create 50 new jobs for engineers.

    EMC says, that in spite of the economic downturn, it has huge confidence in its Irish base.

    'EMC continues to show major commitment to its Irish operations and this top class investment and expansion is highly significant for the campus and also for Ireland as we transform into an innovation led economy,' commented the Minister for Foreign Affairs, Micheal Martin.




    printable version
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    Audio & Video
    One News: Paschal Sheehy, Southern Editor, reports that the IDA says there is no need for concern about the level of job creation by foreign multi-nationals
    Story from RTÉ Business:
    http://www.rte.ie/business/2008/0724/jobs.html


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