Irish Taxi Forum
Public Area => Taxi Talk => Topic started by: mercenary for hire on July 19, 2019, 11:59:31 am
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Right gents lots of talk on here about impending misery...even me.
What are yis hearing is it still possitive?
Had a chap from Limerick in the car last week who says his mates are tradesmen and business is easing off.Anymore misery stories?
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Girl who went to school with our kid on 150K + per year lost her job she was involved in the Aeroplane leasing industry .She says the Boeing mess is effecting business and that the government will be down a bunch of tax as plane leasing decreases .
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Girl who went to school with our kid on 150K + per year lost her job she was involved in the Aeroplane leasing industry .She says the Boeing mess is effecting business and that the government will be down a bunch of tax as plane leasing decreases .
The reason aviation leasing companies are her is the fact they don't pay tax, or very little.
Leasing companies pay bills in airspace, so when an aircraft is over a zero tax state, then the bill is paid.
To think Tony Ryan started it all as a Wet Lessor with Aer Lingus.
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Zero income in approximately 14 weeks.
When I'm back yizz'll feel the pinch! 8)
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This is a quiet time of year always makes me twitch but seeing double parked taxis on the green ( my busyness / too many taxi gauge) a Monday or Tuesday is givin me bowl gas
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What are yis hearing is it still possitive?
After a health scare/wake-up call before Xmas, the doctor gave me the all-clear this week. Don't need to see him for another 6 months.
And I'm gonna win the Euromillions tonight.
But I'm gonna be dead in 3 months because of the resulting wine, women and song oops
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What are yis hearing is it still possitive?
After a health scare/wake-up call before Xmas, the doctor gave me the all-clear this week. Don't need to see him for another 6 months.
And I'm gonna win the Euromillions tonight.
But I'm gonna be dead in 3 months because of the resulting wine, women and song oops
At least it won't have gone to waste.
Best of luck!
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"After a health scare/wake-up call before Xmas, the doctor gave me the all-clear this week. Don't need to see him for another 6 months."
Good news is always welcome, stay healthy.
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What are yis hearing is it still possitive?
After a health scare/wake-up call before Xmas, the doctor gave me the all-clear this week. Don't need to see him for another 6 months.
And I'm gonna win the Euromillions tonight.
But I'm gonna be dead in 3 months because of the resulting wine, women and song oops
Watty ya reminder me of a wise owl or the wizard of Oz or a kinda like the owlfella in the waltons... Ya don't say much but everyone listens....
Don't die ya cnut ::cheers
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I'll send yis all a postcard from the Riviera... or the other side - whichever comes first :2cheers
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How many tower cranes can ye see in Dublin ?
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I think it's higher than the Celtic Tiger years.James hospital seems to be bringing the numbers up though.It's seems like every last bit of land is being developed.Lots of student accommodation being built too.
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Only two sites in Dublin The Google Ghetto and the Hospital .Had a nice job last night Fella flight canceled so he wanted a tour of Dublin He is with Mc Afee they are building new premises in Cork .He was saying big tech are avoiding Dublin and going to Cork or Limerick as office space and housing is cheaper than Dublin .
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I think it's higher than the Celtic Tiger years.James hospital seems to be bringing the numbers up though.It's seems like every last bit of land is being developed.Lots of student accommodation being built too.
The Appartments beside Jurys CC Picked up a Russian Whore last night her and her mate are working out of there 1400 a week to rent .
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No housing available in Cork.
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There's loads happening.Grangegorman is far from finished, Townswend street, North wall, East wall, Ormond hotel...bog site in Cabra near the railway line getting excavated....also North King Street too.
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There's loads happening.Grangegorman is far from finished, Townswend street, North wall, East wall, Ormond hotel...bog site in Cabra near the railway line getting excavated....also North King Street too.
Grangegorman is a big job Northwall east wall=Google Ghetto .When or If Google move on that whole area collapses .Facebook Summer Party last night In Kilmainham not one Irish accent at it .If those jobs ever leave the place will be deserted .I knew lads last Boom were on 40 an hour operating tower cranes the rate now is 19 .Limerick is the real boom story The last bit of Blockwork done down there was the laying of the Treaty Stone but now it building industry is booming .
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There's good stuff happening with companies relocating here but it was like this during the tiger years.We used to deliver to all the sites from the big developers 11/12 years ago then the bad shit happened.
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There's good stuff happening with companies relocating here but it was like this during the tiger years.We used to deliver to all the sites from the big developers 11/12 years ago then the bad shit happened.
The real danger is a digital tax France have introduced one that will stop the Big Tech firms issuing reciepts fron Dublin for sales in other countries .If that tax fiddle goes then Why would Big Tech bother paying huge rents and wages in Ireland .G 20 are still complaining about our low life tax robbing scumbag government .We are doing exactly what we did before only Differently the Same .Last time it was house building now its office space and appartments for office workers .Your driving around Dublin and it feels like a western town in the 1800 s you know there is going to be a shoot out but you dont know where or when or why .Its noticable in local Pubs they are struggling while temple Bar is booming .Once you pass Guinnesses on the way out the town is dead .Big rent is killing the economy Family renting a gaff and paying a car loan are struggling .
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I keep going on about this ,The share price has dropped from 269 euro to about 7 euro ,this bank is more broken than Anglo was ...Deutsche Bank intends to set up a “bad bank” into which it will transfer €74bn of risk-weighted business. “Risk-weighted” means after the portfolio has been put through the bank’s Advanced Internal Risk-Based methodology and duly shrunk from its nominal value into this much smaller “risk-weighted” value. Even this is 136% of the bank’s Capital & Reserves of €54.6bn. ........This is Europes biggest bank and its bad debt is more than its assetts .Under European law passed after our bailout we the Irish tax payer will be liable for some of the debt if it collapses .This is one of the reasons Boris will go for a crash out as ALL EU members including non Euro members are liable for this debt .He wants no ties to a sinking ship of Europe .
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Mc Carty the Economist from Board Snip is back warning the Government ....If generals expect the next war to resemble the last, economic policymakers are exposed to the same temptation. There have been two periods of serious budget crisis in Ireland in modern times, at the end of the 1980s and 20 years later following the banking bust of 2008. The two episodes had different origins but there is never much variation in the response - if the budget must be restored to balance, government must increase taxes and cut spending.
On both occasions a big budget deficit had emerged, slowly in the 1980s and with frightening speed in 2008. The annual deficit and the outstanding level of debt had risen to the point where drastic action had to be taken.
The recent crisis was not caused by poor fiscal management alone. The banks had stayed solvent during the 1980s but weighed in with a monster systemic failure in 2008. This caused the outstanding debt level to rise dramatically due to bank rescue costs (private debts of bust banks were transferred to the public balance sheet) and the plunge into annual deficit was rapid, since the crisis coincided with a deep international recession and a collapse in tax revenues.
The 1980s crisis was finally addressed in a more benign external climate and without bust banks to bail out. But the causes don't matter - when you can no longer finance the budget gap it must somehow be closed and state solvency restored, preferably without the humiliation of resort to the IMF.
There will be another downturn in due course and with 100pc certainty, according to Conor O'Kelly, chief executive of the National Treasury Management Agency in evidence at the Dail Committee of Public Accounts a fortnight ago.
O'Kelly did not have to say when it might happen or what might be the cause or causes, but his prediction has history on its side. The next crisis will hardly be a re-run of the 2008 episode - the banks are fewer, smaller and better supervised for a start, so it should be less severe if it happens at all. But a downturn there will be, some fine day. And when it comes the best preparation is to have an impeccable credit rating, so that the government will be able to let the budget go into deficit for a few years without an untimely imposition of austerity. The alternative is a downturn exacerbated by government policy, by a pro-cyclical fiscal policy in the jargon. When a downturn comes along for whatever reason, an unprepared Irish government, lacking the capacity to borrow, must make it worse.
A country which has no currency of its own cannot finance the government through the central bank when the markets decline to lend - it does not have a currency to print. Without the capacity to borrow there is no alternative to austerity and, if that fails, another resort to the IMF.
All of the efforts made from July 2008, which saw the first emergency cutbacks introduced by the late Brian Lenihan, through an accelerated budget in October of that year and the long procession of tax increases and further cuts in 2009 and 2010, ultimately failed, and Ireland could no longer finance itself for the first time since 1922.
The speed of the recovery in recent years and especially the decline in unemployment back to the 4 to 5pc zone, having reached 16pc at the worst point, has dimmed people's memories of those awful years.
All the efforts to stabilise the public finances, including the Bord Snip report released 10 years ago this week, ended in failure and the effective insolvency of the State. The bail-out plan agreed in November 2010 with the official lenders, the troika of the IMF, the ECB and the European Commission, was largely a continuation of policies on which the Irish government had already embarked. But through 2011, as the full horror of the banking disaster unfolded, there was deep pessimism in Merrion Street that a second bail-out would be avoided, not least because of the hostile attitude adopted by the ECB.
Ireland could have been another Greece. After a few more difficult years things came together, due to a combination of good luck and good management. There has, more recently, been a recrudescence of an utterly unjustified euphoria about the limits to budget policy. Patients discharged from surgery are advised to avoid strenuous athletic pursuits straight away, and it is equally risky for the Irish government to get too cocky, too soon, about the public finances. This country is over-borrowed, in the sense that its capacity to run deficits when they might be needed is problematic. Conor O'Kelly was a valuable witness for the Dail committee (his job is to borrow money on behalf of the Government) because he is best placed to understand that the capacity to borrow in recent years has been flattered by the external environment. The world's central banks have been making it easy, and cheap, by flooding the markets with liquidity. If the wind changes direction, Ireland could quickly lose poster-child status and get re-classified as a riskier credit.
The case for caution in Irish budget policy today is essentially about the balance sheet of the Exchequer, including its potential, as well as its actual, liabilities. The contingent liability for another banking disaster looks low but the actual, here-and-now, liability is, at €205bn, one of the largest relative to the size of the economy in the Eurozone.
The public finance crisis of the late 1980s was followed by a decade of careful budget policy by successive governments which restored Ireland to AAA credit status, just in time to blow it all over again. The AAA status was achieved through a steady delivery of small budget surpluses against the background of an expanding economy. The recent expansion has not been used as wisely, and the budget should have been restored to surplus several years ago. The capacity to borrow, especially for a country which has chosen to give up its independent currency, is a marker of economic sovereignty.
The last three budgets have been expansionary, in the sense that the combination of expenditure growth and tax cuts have had a net stimulatory effect on the economy. This is known as spending your way out of a boom. What's done is done and the outstanding debt would be only a little smaller had a more cautious path been chosen. But the message to credit markets would have been powerful. These Irish guys are serious and have learned lessons and the risk of untimely austerity, making a bad job worse, would have been reduced, whenever Conor O'Kelly's prediction materialises.
There will be a general election in due course, maybe early next year. The political parties have short memories and are already promising tax cuts, conceding pay increases for public servants and extra capital spending on local projects, as if the last disaster happened 100 years ago. It was only 10 years ago, largely home-grown. The next one will most likely be triggered by events outside our control.
If a woman called Prudence is on the ticket in my neighbourhood, she's got my vote.
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When your budget needs to be ratified/signed off by a German think-tank.....you no longer have any control. The illusion that Paddy and Thomasina have any input into their own destinies is pitiful.