It turns out we have an inside man in the Bank of England, according to today’s Financial Times.
Former Governor of the Bank of Canada and current Bank of England Governor Mark Carney holds an Irish passport.
Say nothin’ righ’.
*taps nose*
It turns out we have an inside man in the Bank of England, according to today’s Financial Times.
Former Governor of the Bank of Canada and current Bank of England Governor Mark Carney holds an Irish passport.
Say nothin’ righ’.
*taps nose*
“The deterioration in the position of under 25s in our labour force has been particularly severe. The numbers of them with jobs has fallen by 60% since the start of this recession. That is worse than any other category by far. And this document from the OECD in September says the reason the Government has cut their dole payments is to save money and to make parents more responsible for supporting their unemployed children now up to the age of 26. Which is all well and good, if the parents have money. But in thousands and thousands of cases that is not the case. And having little, or no money, puts you at a very big disadvantage when it comes to searching for jobs.”
RTÉ’s George Lee on Prime Time last night responding to the recent Budget decision to extend the lower dole rate of €100 dole rate to new entrants aged under 25 from next January.
They will get a reduced rate of €144 while those aged 26 will receive the full jobseekers’ allowance of €188.
Miriam O’Callaghan then spoke to Labour TD John Lyons; Moira Murphy, from the We’re Not Leaving campaign; Professor Alan Barrett, of the ESRI and Cllr Hugh Lewis, from People Before Profit.
During the debate, Ms O’Callaghan put it to Prof Barrett, above, that the dole cut was brought in as an incentive to make young people find work.
She asked him: “Will it work? If there’s no jobs out there, will it work?”
Prof Barrett replied: “No, probably not.”
He explained:
“The youth unemployment crisis, we can call it that, but it’s still just the economic crisis. Ok? It is still fundamentally the problem that we don’t have enough jobs to go around and like that, ultimately what we need to do is get the economy starting to move and when that happens the hope will be that jobs start to come around and that young people will be in a position to get those jobs. What happens, having said that, is I think one of the great, great fears and worries that we have is that we know the longer people are out of work, the more difficult it is for them to get back into work. So we have at the moment, we have this current problem of youth unemployment but where we’re really worried about it is that, even if things turn around, it doesn’t necessarily mean that people are going to get, that they’re going to plug back in seamlessly. And what we also know is that even if people get jobs one of the worst things about sort of entering the labour market at the time of a recession is that it can actually affect you for the rest of your career. It’s the scarring effect. It’s not necessarily the case that you’re going to jump back to where you otherwise would have been. You can now spend the entire of your life behind where you otherwise would have been and this is why we worry about youth unemployment. I mean there’s middle-aged unemployment, there’s elderly unemployment but there’s a specific worry about youth unemployment because it can affect people essentially for the rest of their lives.”
Watch here.
A new Mexican takeaway in a nifty food truck on 13 Chancery Street, Dublin, beside the Four Courts Luas stop.
K Chido Mexico is open from 8am until 4/4.30 Monday to Friday.
Dublin 7.
It’s the new Ranelagh.
H/T: On The Batter
From the Dart train just outside Donabate, Co Dublin earlier.
Thanks Alan Lynch
Meanwhile:
Adrian Shanahan writes:
-2c in Carlow as the sun went up…


A peek inside (and outside) Apple Campus 2 – approved for construction by city officials last month – the company’s proposed 2.8-million-square-foot mothership HQ inside a man-made forest in the northeast corner of Cupertino.
Due to be completed in 2016, the partially underground complex – which will cost $5 billion – was once envisaged by the late Steve Jobs as “the best office building in the world.”
MORE PIX: Look Inside Apple’s Spaceship Headquarters With 24 All-New Renderings (Wired)
Covers to broadsheet@broadsheet.ie
Thanks Patrick Conboy, Iain Henderson, Dermot Ahern, Mike Hogan 4FM, Barry Duggan, David Cochrane and Joe Donnelly.
https://vimeo.com/79027238
What you may need to know:
1. All right, so, are we all over that final episode of Love/Hate? The ‘fans’ are still going MENTAL.
2, Amber is RTÉ ‘s next big Sunday night contender.
3. It’s produced by docu-genius Paul Duane, directed by Thaddeus O’Sullivan, and stars David Murray and Eva Birthistle (above).
4. It’s already been sold to BBC4, for that prime Saturday night slot that made The Killing a smash. In fact, its pretty much been sold EVERYWHERE.
5. Fact: we’re already hearing GREAT things.
Broadcast Date: January 2014
Instagrams of deceptively genuinely mundane things people did TODAY culled from the #Oneday Twitter feed.
The brainchild of Newstalk’s Jessica Kelly.
Who explains:
“The majority of people use Instagram to show off; it tends to be “oh look, I’m having a cocktail in New York at 4pm on a Wednesday”. I was literally sitting in work last Wednesday swearing under my breath at how perfect the lives of everyone on Instagram seem to be. That’s not real life. #OneDay I want to see someone put a filter on an image of a coffee stain down the front of their shirt or trying to put their make up on whilst on the Luas. In the dark.”
Damn post-modern non-hipsters.
More here: My #OneDay Looked Like This (Jessica Kelly, Random Ramblings)