Monthly Archives: April 2012

Is austerity really working?

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In a week where news of home evictions topped the news agenda, there were a number of interesting articles published across a range of print media relating to Ireland’s current economic position and offering a critical analysis of policies being pursued by European leaders, in particular Germany, the European Central Bank and the European Commission including a polemic on current Government pronouncements and policy.

Economist Colm McCarthy’s article in last Sunday’s Independent stated that:

When banks go bust, the shareholders take the first hit. If this is not enough the division of losses between other categories of creditors and taxpayers is a political decision, as in Denmark. In the Irish case this political decision was usurped by the European Central Bank. Unelected European executive agencies have no mandate to behave in this manner.”

Paul Krugman  in Tuesday’s (April 17) Irish Times wrote:

 “….Continuing on the present course, imposing ever-harsher austerity on countries that are already suffering depression-era unemployment, is what’s truly inconceivable.”

In the same newspaper on Thursday April 19, Professor of Sociology at NUI Maynoot, Sean O’Riain wrote:

“In the absence of these measures (social measures to counter fiscal discipline) , the fiscal treaty simply institutionalises austerity – in practice and, arguably, even by rule.”

And finally Martina Devlin in a article titled:  “When trust evaporates, authority will also collapse” stated: 

“We need to see justice in action and people held accountable for the collapse. Nobody is calling for rushed justice, but it’s now three-and-a-half years since the bank guarantee and our patience has been sorely tested.  The longer these injustices, inequalities and deviations from the principle of fairness continue, the more yawning grows the division between governed and governors.”

Kentucky Fried Chicken say ‘sorry’ for Thai tsunami Facebook message

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KFC has apologised for a Facebook message that urged people to rush home during yesterday’s tsunami scare in Thailand and order a bucket of chicken.

As people were being urged to evacuate beach areas, the company posted: “Let’s hurry home and follow the earthquake news. And don’t forget to order your favourite KFC menu.”

It prompted hundreds of angry comments on Thai websites denouncing the company as insensitive and selfish.

By today the message was removed and replaced by one that asked for forgiveness.

Yesterday’s earthquakes in Indonesia revived memories of the 2004 Asian tsunami that claimed 230,000 lives, including more than 8,000 people in Thailand. 

Google to launch ‘Terminator’ glasses

We’ve had the iPod, iPhone and iPad and now the iGlass.  Google are set to launch Project Glass:  a new way to see the world.

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Read about it here and you can watch Google’s video which depicts what a ‘day in the life’  of a Google glass wearer looks like.

Here’s another angle on the story from a data privacy viewpoint