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international / economics and finance Friday May 22, 2020 00:01 by1 of indy
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Feedback from software professionals on Twitter was scathing

Prof Neil Ferguson who was the chief advisor to the UK government in the lead up to the Covid lockdown and was instrumental in bringing it about based his advice the output of his own undocumented computer code he wrote 13 years ago. In the initial stages of the crisis his "model" predicted 500,000 deaths in the UK from Covid. Then a short time later, he revised his figures sharply downward and said his model now predicted to 20,000 deaths. This incidentally is the same number of deaths from flu in the UK in a typical year. So it appears to be the case that the UK has committed economic suicide based on software that no-one else could inspect in advance nor was there any independent verification. To make decisions based on this type of methodology is nothing short of criminal. And we haven't even got to the assumptions used which obviously are on equally shaky ground given one day the model was predicting 500,000 dead and then when obviously some level of correction was done, it was then only 20,000.

national / economics and finance Monday April 27, 2020 13:35 by1 of indy
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Some of the scare headlines

Never before in the history of the world has there been such a massive and widespread shutdown of the economy for as long as for this Covid-19 scare. As of today April 21st it has been more or less shutdown for a month and the politicians instead of doing their usual and saying we will be out of this soon are saying we need to continue it indefinitely and even when the lockdown is lifted, it will only be gradual return to normality. Clearly everyone is worried and a lot depends on how long this lockdown continues for. The question is not whether the economy both here in Ireland and globally will be damaged but more by how much. This is an important question because real lives depend on what happens in it

Here we attempt to assess where we are, what has happened and what logic dictates are some of the possible outcomes.

national / economics and finance Thursday November 24, 2016 03:56 by1 of Indymedia
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We are republishing this article by Stephen Donnelly TD who has been doing great work in exposing how Fine Gael have gone out of their away to facilitate vulture funds who are now preying on ordinary people by charging exorbitant rents and fueling the current property and are replacing the English absentee landlord of centuries past, with ruthless vulture funds capitalists of this era and essentially introducing a form of neo-fuedalism as increasing huge swaths of the population are either priced out of buying homes, or are signing up for debt that last close to a lifetime.

national / economics and finance Tuesday February 02, 2016 23:11 byT
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Trajectory of Irish Banks

Forget the official Banking Inquiry report because Joe Higgins has written a much more better one and it asks the rights questions and gets to the heart of the matter by putting the whole saga in its proper context -something which the official report couldn't thing as it would mean asking fundamental questions. Indeed the inquriy itself and official report have been steeped in controversary with allegations of coverup because of numerous reports of key officials and whistleblowers in the regulator office and central bank were ignored and their evidence never making into the inquiry. The whistleblower made a formal complaint under the Protected Disclosures Act and (Village Magazine) "outlining a range of detailed concerns about how the Central Bank and some of its legal representatives were omitting huge swathes of vital documents, redacting many of the most crucial pieces of evidence, and delaying release of vital material until it was too late to use them in briefings for public hearings – in at least one case handing them over 24 hours before a scheduled interview about them."

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economist_michael_hudson.jpg imageMichael Hudson: Interview with RT – Transcript -Downfall of Europe 22:09 Sat 21 May by 1 of Indy 0 comments

textAll State Land And Property To Be Sold To a Private Entity Called The Land Development Agency 23:19 Thu 21 Apr by 1 of Indy 0 comments

textG20 Announces Debt Relief Process 14:20 Fri 13 Nov by Zachary Conti 0 comments

textWorld Leaders Meet to Tackle COVID Debt and Development Crises 21:41 Wed 08 Jul by Zachary Conti, zach@jubileeusa.org 0 comments

textWorld Health Assembly Wrestles with Coronavirus 02:44 Sat 16 May by Kate Zeller 0 comments

textEconomic Crisis Could Get Much Worse Says IMF 19:26 Fri 17 Apr by Kate Zeller 0 comments

textG20 Suspends Debt Payments for Poor Countries As the Coronavirus Spreads 00:46 Thu 16 Apr by Kate Zeller 0 comments

textMajor Religious Institutions Urge President, IMF and G20 to Cancel Debts and Use Reserves to Protect... 23:42 Tue 14 Apr by Kate Zeller 0 comments

textIMF Calls "Great Lockdown" Worst Economic Crisis Since the Great Depression 21:54 Tue 14 Apr by Kate Zeller 0 comments

videoIn-work poverty in the Republic of Ireland 21:40 Fri 22 Nov by 1 of indy 1 comments

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textUniversities: milking publicly funded positions for personal profit Dec 21 by Diamantina 36 comments

textDid Steve Keen Get It Right? Feb 10 by Paddy Hackett 0 comments

text#NAMA – Vulture Funds Win, Taxpayer Loses… Jun 23 by postman 0 comments

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