Every morning, TheJournal.ie brings you nine things you really, really need to know before you start your day.
1. #BAILOUT: The Dáil votes on the bailout package for Ireland today. Even with Labour and Fine Gael poised to vote against it, the vote is likely to pass. Finance Minister Brian Lenihan insisted last night that FG’s claims it could get a better interest rate have “absolutely no foundation”, the Irish Independent reports. However financier George Soros is warning in today’s Financial Times that the Irish Government “is bound to repudiate” the rescue package. Soros says markets recognise that the deal will not hold, which is why there has been no relief on bond yields. The EU should recapitalise banks and issue EU-wide bonds to alleviate unbearable national liabilities, he added.
2. #BONUSES: One hundred staff in the department of Finance are amongst dozens of civil servants and public sector employees who got large bonuses over the last 12 months, the Irish Independent has learned. One of the payments totalled over €200,000. A question asked by Fine Gael’s Fergus O’Dowd also revealed that staff at the NTMA also got performance related bonuses. The Irish Times adds that the ceo of Horse Racing Ireland got performance related bonuses worth €84,450 for 2008 and 2009.
3. #BAILOUT: British MPs are due to vote on the bilateral loan to Ireland today. Meanwhile, RTE News has learned that the EU is charging a margin of nearly 3 per cent on some aspects of the loan, a rate that could cost us €5 billion if the full loan was drawn down.
4. #BANKS: The State will acquire sweeping powers in the credit institutions (stabilisation) bill, which was published in draft form yesterday. The legislation will allow special managers to be appointed to a bank by the Minister if it is faced with an imminent threat to its stability.
5. #SEDATIVE ABUSE: A commonly prescribed anti-anxiety drug, benzodiazepine – which is best known by its trade names Xanax, Temazepam or Zopiclone, is a factor in one in three drugs-related deaths, it has emerged.
6. #ACCUSED: An “excellent” garda falsely accused of attempting to abuse a child in her home saw his standing in the community “destroyed”. Yesterday, Portlaoise Circuit Court heard evidence against a couple who have pleaded guilty to making false allegations that an officer had come to their home, taken down their child’s trousers and caused her to run crying from the room – allegations which were groundless but “spread like wildfire” in the community.
7. #HEALY-RAE: The daughter of Independent TD Jackie Healy-Rae was reappointed to a lucrative position on a state board just weeks before her father agreed to support the budget, Mary Regan in the Irish Examiner reports today. Barrister Rosemary Healy-Rae was reappointed to the Criminal Injuries Compensation Tribunal for the next three years. The newspaper notes that the tribunal is chaired by a Fianna Fáil election candidate, Sinead Behan. Healy-Rae said her appointment had nothing to do with her father’s support for the government.
8. #PRIEST: The family of the late priest, Father Niall Molloy, has welcomed a renewed garda inquiry into his death. The priest was found dead on the floor of the bedroom of wealthy businessman Richard Flynn, at whose daughter’s wedding Molloy had just officiated, in July 1985. Flynn admitted a row but denied any wrongdoing – he was tried for manslaughter on year later, but the trial was over in a morning after the judge ordered an acquittal.
9. #LINKEDIN Are you a motivated, entrepreneurial, innovative problem solver, who is results-orientated and has a proven track record? If so, best avoid saying so on your LinkedIn profile….The Los Angeles Times has published the ten most overused terms on the site’s 85 million profiles…and guess what? They’re all there. Instead, to ensure your fundamentals are sound going forward, you should post a photo, supply specific anecdotes, and post past positions.