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Dublin: 11 °C Saturday 18 May, 2013

The 9 at 9: Wednesday

Good morning! Here are 9 things to know as you start your day…

Image: ian.poley via Creative Commons/Flickr

EVERY MORNING, TheJournal.ie brings you the nine things you need to know as you begin your day.

1. #ETHICS: The Dáil’s internal oversight committee is to discuss whether as many as 14 TDs are in breach of ethics laws by failing to disclose their previous membership of local councils in the Register of Members’ Interests. TheJournal.ie has learned that members of the Oireachtas could be in breach of the Ethics in Public Office Act by not disclosing their previous jobs as local councillors – as the Standards in Public Office Commission believes members are required to disclose any position they hold, or had previously held, if it resulted in them receiving over €2,600 while they were a member of the Oireachtas.

2. #JUNIOR CERT: The long wait is over for almost 59,000 Junior Cert students who will today receive their examination results. This year saw the highest number of students to sit the exams in recent years, with a 3.4 per cent increase on 2011. Meanwhile, in a bid to curb underage drinking and related problems, the HSE in conjunction with a number of other groups has organised a free ‘mega party’ for Junior Cert students in Galway.

3. #ESM: Germany’s Constitutional Court will today rule on whether the country’s participation in the European Stability Mechanism, the Eurozone’s new permanent bailout fund, is legal or not. Foreign Minister Guido Westerwelle has expressed confidence that the court will give a “pro-European” verdict.

4. #PENSIONS: The Irish State faces a €324 billion shortfall between its future pension and social welfare liabilities and the revenue needed to fund them, according to a report in this morning’s Irish Times. An unpublished report commissioned by the Government, seen by the newspaper, indicates that a shortfall almost twice the size of the current national debt will emerge in 54 years from now.

5. #LABOUR: The Labour Party is holding a two-day think-in that will put children’s rights, education, and a national broadband plan at the top of the agenda. The party has defended holding the meeting at Carton House – a four star Kildare hotel – in response to criticism that the location is too luxurious.

6. #TRAVELLERS: Travellers rights group Pavee Point have called for the resignation of an Athlone District Court judge over comments made during a case with a Traveller defendant, saying his remarks reflect “a mindset that has no place in Irish society”. Judge Seamus Hughes said that some people from the defendant’s background were “like Neanderthal men abiding by the laws of the jungle”.

7. #HILLSBOROUGH: The independent panel set up to probe the Hillsborough disaster – which saw 96 football fans lose their lives while attending the 1989 FA Cup semi-final – will release its findings to the public later today. The group has said that it wanted to give those affected by the disaster time to prepare for the disclosures, some of which have been described as “shocking”.

8. #LIBYA: A US State Department official has been killed in Libya after militiamen stormed the Benghazi consulate in protest over a US-produced film that is said to insult the Prophet Muhammad. The fatal attack comes a day after protesters scaled the walls of the US embassy in Cairo and ripped down the American flag.

9. #NETHERLANDS: The Dutch public will vote in parliamentary elections today, with the result expected to be a close contest between the centre-right VVD Liberal party of the incumbent Prime Minister and the centre-left Labour Party. International observers will be watching today’s proceedings closely as the result could have significant indications of the direction of Europe.

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Comments (18 Comments)

  • With regard to the future 324 Billion Euro shortfall between Pensions and Social Welfare liabilities and the revenue needed to fund them……..to emerge in 54 YEARS FROM NOW! With all due respect, I am already overwhelmed by my present financial situation without having to think that far ahead! Are we traveling down the American road of scaring citizens in order to better control them?

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    • have you not noticed that the journey down that road has been completed!…..

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    • Basically this is how they,ve fukd the country big time;

      Ireland’s economy, weighed down by the legacy of the near- collapse of its banking system, is struggling to grow as international growth prospects weaken. The IMF repeated its call for Europe to help the state lower the cost of rescuing its financial system, which has cost the government about 64 billion euros ($82 billion) so far.
      Irish Economy 2012: Preliminary estimates for the first quarter of 2012 show seasonally adjusted volume declines for both GDP (gross domestic product: -1.1%) and GNP (gross national product: -1.3%) compared with the fourth quarter of 2011. However, the Central Statistics Office (CSO) says that compared with the same quarter one year ago there were constant price increases in both measures: GDP (+1.2%) and GNP (+0.2%). 2011 GDP was revised up to +1.5% while GNP remained at -2.5%. The current account was in deficit with a value of €1bn in the quarter.
      The Balance of Payments current account was €1.04bn in deficit in the first quarter of 2012. A merchandise surplus of €8.28bn was more than offset by an invisibles deficit of €9.33bn
      Irish GDP growth was 1.4% in 2011, double the 0.7% indicated by the previous release;
      The revision reflected stronger exports (5.0% versus 4.1% in the first release) and a shallower (2.0%) decline in consumer spending;
      An upward revision in nominal GDP from €156.4bn to €159bn means that the government debt/GDP ratio has been revised to 106.5% from 108.2%.
      The quarter 1 figures for 2012 were somewhat disappointing, showing a quarter-on-quarter GDP decline of 1.3%, but the seasonally adjusted quarterly data need to be treated with particular caution. Exports were still growing, but there was a significant spike in imports; this may well be reversed over the coming quarters. The imports increase may also be a precursor to stronger export activity over the remainder of the year. The annual figures show that services exports grew by 12% in Q1, which is reflective of the overall strength of the technology sector in recent times.”
      To put this in context; the direct cost of €64.1 billion is equivalent to :
      - 41% of GDP
      - approximately seven times what the state spends annually on education.
      - over four times what it spends annually on health
      - over three times what it spends annually on social protection
      - almost twice the state,s total tax revenue
      28 November- the European Union agreed to a €85 BILLION rescue deal of which €22.5 BILLION from the EFSM, €22.5 BILLION from the IMF, €22.5 BILLION from the EFSF and bilateral loans from the UK, Denmark and Sweden.
      24 Novemeber 2010: Cowen unveiled a four year plan to stabilise the economy by 2014;
      - Drastic cuts in social welfare
      - lowering of the minimum wage
      - increase in value added tax
      - maintaining the state,s low corporate tax
      On 21/07/11; ENDA Kenny announced that an agreement had been reached by Eurozone leaders to reduce Ireland,s interest rate by 2% and extend the repayment period.
      ENDA Kenny also said that it will move Ireland towards a manageable DEFICIT OF 3% of GDP BY 2015.
      In 2011,s Budget;
      - public spending was cut by €2.2 BILLION, and taxes were to be raised in the amount of €1.6 BILLION.
      Also ENDA Kenny said; we,re shutting down dysfunctional banks and we,ve recapitalized the remaining one,s at a lower cost than expected by imposing losses on some bondholders (lies).
      The main purpose for 2011,s Budget; and their four year strategy was;
      - creation of jobs four our people ( in 2011 more than 100,000 people LOST their jobs and he only plans on trying to create 100,000 jobs over the next 4 years and we,re supposed to be grateful?????)
      -we will leave income tax untouched
      This is what was involved in the 2011 Budget;
      . No reduction in state pension (how convenient)
      . €10 reduction in Child Benefit rates
      . €8 cut for social welfare, jobseekers payments
      . 4c on petrol, 2c on diesel from midnight ( which government will not suffer due to “fuel allowances”)
      . Revised air travel tax of €3 from March
      . €40 payment for fuel allowance recipients
      . New minimum wage not in tax net
      . Public service pay will not be cut
      . Public sector salary capped at €250k
      . Public service pensions over €12k cut 4%
      . Taoiseach salary cut by €14k; ministers by €10k ( however taoiseachs salary was raised back up to €211,000 a few months after).
      . Next President’s salary to be capped at €250,000
      . Employee PRSI/health levy pension relief gone
      . Income/health levies to be replaced by single universal social charge. Rates on the charge will be 0% below €4,004 a year, 2% up to €10,036, 4% from €10,036 to €16,016 and 7% above this level
      . Pension contributions subject to PRSI and Universial Social Charge
      . Employee PRSI contribution ceiling removed
      . Increase in the PRSI rate for the self-employed, higher earning public servants and office holders
      . 1% tax on residential transactions up to €1m; 2% over €1m
      . All stamp duty exemptions abolished
      . Car scrappage extended for six months
      . No change to Ireland’s corporation rate
      . Value of tax bands and credits to be reduced by 10%
      . DIRT increased by 2%
      . Online betting will be subject to the same betting duty as in bookie shops
      . Carer’s Allowance for those under 66 to be cut by €8 to €212 a week
      . Disability Allowance being cut by €8 to €186 a week
      . Business Expansion Scheme to be revamped
      . 15,000 activation places for unemployed
      . Third-level student charges are to rise by €500 to €2000
      . Student grants are to be cut by 4%
      . New passport fees for over 65s
      Notice how it’s all the average joe soaps of Ireland who suffer, and come 2012,s budget we will see our salaries slashed even more, 2013,2014,2015 and 2016 will see the worst cuts imaginable brought down on the citizens of Ireland whilst the high up classes keep their nose up the ars of the banks, IMF, ESMS and ESFS.
      They couldn’t run a brothel!

      http://www.change.org/petitions/supporting-the-irish-nation-step-down-from-government

      Reply
  • #6 – The man is dead right. Most people don’t get a bit worried when travellers call to their house for nothing.

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  • I agree with all your points John. The anger is palpable among our people and it is only a matter of time before there is a revolt. It’s not what most of us would want but they have left us with no alternatives. Although meek is not a word I would have ever used with reference to the Irish people, sadly it now seems to apply. If we can’t stand up for ourselves then let us find the courage to do it for our children and all the young of Ireland.

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  • @John Kavanagh. I think you are right but I have to believe it’s not too late for people to wake up and be heard.

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    • June, I am not sure , the gov would have no hesitation in my view in calling the army on to the streets if we even considered a Greek/Spanish style protests, but I also believe that this type of response is lying very close to the surface as to the anger which seems to be getting broader by the hour, the people rising up is the only way change will ever come about, after all whether we like it or not FF are are silently regrouping for the next election and interested only in retaking the reigns of power regardless of the wishes of a meek people!!!

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  • The religion of peace strikes again.

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  • Well this middle aged woman will be at Bray Civic Centre at 5:30pm on Tuesday September 18th to welcome the marchers from Nenagh/Ballyhea who are protesting the Bondholders Bailout. I will be at every march, protest and meeting I see advertised. Might see you there Pat.

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  • Nice to see Labour hold strong to their beliefs and have their love in at a very modest hotel….smoked salmon and champagne socialism FTW.

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  • if we are going to avoid a greece like riots on the streets situation in ireland then the government has to start listening to the people of this country and stand up to the troika and the eurocrats. we are borrowing money to pay back the money borrowed by the banks, later this month the troika will release .93billion euro in loans to ireland, 2 weeks after this our government will pay 1 billion + to unsecured bond holders, we are robbing peter to pay paul.
    time to stop this money go round ,burn the bondholders, exit the euro, and return to the punt, we will be out of the mire far more quickly without the troikas interference. if they get their way the elderly, infirm and poor of this country will be out begging for sustenance on the streets of this country, there will be no public health service, no welfare, and no future. and the middle classes wont be far behind the poor either, rises in tax’s and stealth tax’s, water rates, congestion charges, anything and everything will be up for grabs as the government tries to pay back ever increasing interest rates and charges set by the i.m.f ,e.c.b and e.u. just look at the way iceland is getting on now, if we had the political balls to have done similar to them we would not be in the mess we are in. and of course there will be a short fall in the national pension scheme, the government has robbed more than half of it already on its stupid ponzzie schemes, half the young people have left the country and there is no work for people ,so no income tax, or prsi to be collected, those that do have money are taking advantge of some very lucrative ‘tax breaks’ dreamed up by the previous rabble in government and continued by todays shower of inept gombeens, meanwhile they just keep loading the allowances and freebees onto their own over the top pay packets and pensions, and the gravy train rolls on.

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  • Why no comments section for the Labour party story?

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  • #10 iPhone 5 launch !

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  • #2 Won’t have to worry about so much underage drinking if the Junior Cert was abolished. After all what exactly does it achieve? Nothing.

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  • There will be no revolution in Ireland… not even mild protest… no matter how bad things get! We export our discontent with our young people. And those remaining are so craven and gutless that the powers that be, know they have nothing to fear.
    Many revolutions have been plotted and planned by middle ages men… but very few have been fought by them!

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