Awarded honory law doctorates at UCD this morning for ‘Extraordinary Contributions to their pensions Society ‘(Official Ireland elite female wing: Order of the Loud Cape) were, from left: Noeline Blackwell, Susan Denham, Mary McAleese, who was awarded the Ulysses Medal 2014 and European Ombudsman Emily O Reilly.
In a talk he gave to UCD’s Economics Society last week, Professor Morgan Kelly gave his thoughts on the Irish economy, his first public comments in three years. He had some grim possibilities in mind regarding SMEs and the dumbing down in Irish universities.
Here are some choice quotes:
“The crisis we’re told is over. What have we learned from that? The official narrative that has appeared is very clear. According to this, there were two bad people, Fingleton and Fitzpatrick.”
“This is Ireland, guys. We don’t do competence.”
“All the stuff that happened, all the stuff we talked about. The property boom and bust, the bank collapse, the state bankruptcy. As far as official Ireland is concerned, this was like a bad dream.”
“There’s going to be a big cleanup. It means foreclosures on mortgages and it means dealing with small business loans. What you had during the bubble, owners of SMEs [Small and Medium Enterprises] borrowed a lot to buy property. That was the way you made money back in the happy times. So a lot of these companies have got very big losses on property and they’re basically surviving through bank forbearance. Banks aren’t calling in these loans.”
“We’re going to see a lot of SMEs go under.”
“It’s an enormous problem that no one seems to care about.”
“But even if they [Germany] give us the money for the recapitalisation, the collateral damage to the Irish economy is going to be huge.”
“We are walking into exactly the same situation we were in before with loans to developers. We could see this coming from a long way off. It was going to be a big problem. But in the end Anglo goes under. There’s complete panic. There are midnight meetings. People do very stupid things and it looks like we’re going to face this once again.”
“By failing to produce well-trained graduates you are screwing up your economy in the long run.”
Photographs collected by Desmond Fitzgerald (1888-1947) , [who was responsible for propaganda during the War of Independence], donated to University College of Dublin and available online from TODAY.
The 179-image collections covers the Easter Rising, Civil War and the War of Independence.
From top: An Irish Free State soldier identified as Thomas McMahon, from the ‘armoured car and machine gun section’ in hospital having sustained a hip wound on Dame Street, Dublin; a boy with a sword and scabbard, 1919; Irish Free State Army soldiers and passers-by on an unnamed Dublin side street; A funeral ‘possibly’ for one of the Loughnane brothers [Patrick & Henry] (I.R.A.members), arrested by R.I.C. in November 1920 and found burned and mutilated between Kinvara and Ardrahan [Co Galway] in December 1920.
We sent a survey to our UCD alumni. We asked them about their favourite lecturers, societies, events, and sporting occasions; whether they protested or fell in love or crammed all night. When we collated the results we got a nice info graphic designed [above]. You can delve deeper into memories of UCD alumni by clicking on the links to specific decades.
UCD old boy Peter Sutherland at the official opening of a new €25million law school in University College Dublin today which the college have kindly named after him.
The largest theatre in the new €25 million Lizard School of Economic Management UCD Sutherland School of Law also serves as a ceremonial moot court. In this simulated courtroom setting students will better develop their advocacy, dispute resolution, client counselling and negotiation skills
Mr Sutherland was a Fine Gael-appointed former attorney general of Ireland in the 1980s and a former EU Competition Commissioner. He is chairman of the London School of Economics, Special Representative of the Secretary General of the United Nations for Migration and non-executive chairman of Goldman Sachs International. And is a leading member of the illuminati the secretive Bilderberg Group. Your basic human greed machine.
He’s also helping the Vatican with their finances.