Category Archives: Uncategorized

Moodys warns of Australian Property Bubble

It’s a familiar story to those in the USA & Europe but it seems the Australian property market has got a lot of the characteristics of the credit fueled calamity that befell the economies of the USA, UK, Ireland and … Continue reading

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Irish Government to Create Deposit-Only Bank

The dublin government is to split Anglo Irish Bank retaining a deposit-taking unit while winding down the troubled lender’s other activities over time. The announcement on Wednesday followed an emergency cabinet meeting to discuss the plight of the nationalized property … Continue reading

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Irish Company changes Scottish soccer sponsorship strategy

Tennents Lager, owned by Irish Company C&C Group PLC, has announced that it is to end its 36 year relationship with the Scottish Football Association (SFA) the governing body for Soccer in Scotland. Instead the Irish company has announced that … Continue reading

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Former Irish PM, Bertie Ahern, rules out run for Dublin mayor

Considered by many as the architect of Ireland’s particularly deep recession, former Irish Prime Minister (Taoiseach) Bertie Ahern, has ruled out running to be first directly elected mayor of the state’s capital, Dublin. When questioned Tuesday on the issue, Mr … Continue reading

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New tape of Atlantic City Brawl

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BP makes loss for first time in 7 years

Despite seeing a 39% jump in Profits for the year to 31 Dec 2008 to $25.6bn, BP, the second-biggest oil company in Europe has announced its first quarterly loss in seven years as the global recession spurred a record plunge … Continue reading

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US Airways plane crash-lands in Hudson river NY

A USAirways Airbus Jet has crash landed in the Hudson River in New York this afternoon. The plane with 146 passengers on board, stayed afloat in the water and the rescue of passengers is currently underway as I write (4:30pm EST) … Continue reading

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