returnto

http://www.youtube.com/watch?v=8iJdmCEzS5Y

What you may need to know:

1. Here’s a little ghost story to put you in the Halloween mood.

2.
Return to Glennascaul  is an Oscar-nominated 1951 Irish short starring Orson Welles.

3.
It was directed by Hilton Edwards, and produced by Michael MacLiammoir, who gave a young Orson his first break at the Gate Theatre, Dublin.

4. It’s pretty amazing.

 

Postoffice

Economics Editor of RTÉ David Murphy has written a blog post explaining how the Government is shaping banks’s interests rates and those of An Post, via the National Treasury Management Agency, to effectively reduce people’s ability to save.

In his post, he writes:

“In 2001, former Finance Minister Charlie McCreevy introduced SSIA savings accounts in which the Government contributed €1 for every €1 from depositors. In those days the State wanted people to save more – but now as there is less disposable income it wants them to save less.”

“Keeping money on deposit has become much less rewarding as interest rates have been steadily lowered by the banks.”

“Unless an individual is prepared to put money away for ten years, a lump sum of €10,000 won’t get a return higher than 2.5% per annum.”

“The Government is jacking up the tax on interest from savings to 45% from next January. As a result many people will consider tax free savings in post offices.”

“The interest rates offered by at An Post are controlled by the National Treasury Management Agency – which is likely to cut the rates if it sees an avalanche of savers moving money from banks to post offices. It has cut the rates twice in the past year much to the relief of the banks.”

“Financial institutions use deposits to lend to consumers and businesses. For example if a bank pays a saver 2% and lends at 5%, the difference between the two figures is the bank’s profit.”

“Reducing the amount paid to depositors has been part of the banks’ strategy to return to profit.”

“The Department of Finance is also happy to see returns to depositors eroded.”

“It would appear that the officials in Merrion Street believe engineering an environment of low interest rates and high taxes will prompt consumers to release some of their savings – and if they spend more it will add to economic growth.”

Sigh.

Read the full blog post here.

GoodmanThe Red Lion abattoir in Cheshire(Larry Goodman’s ABP purchased meat from Selten foods, sourced by Norwest Foods, set up by Ray McSharry Jnr, who had previously worked for Goodman. The meat came from an abbatoir in the UK, above, owned by the Turner family, of Dundalk cargo handling fame.)

Ten months after the horsemeat scandal came to light, investigative journalist Felicity Lawrence, of The Guardian, reports that details of how horsemeat came into the British and Irish food chain are still being kept from the public.

From her report:

“A Guardian investigation has unpicked one strand of this complex supply chain. Behind beef products sold by famous high-street names we have uncovered a labyrinth of murky meat brokerage that stretches across borders, and takes in drug and horse smuggling, animal welfare abuses, and one of Europe’s richest beef tycoons.

At one point in the chain, there is testimony from migrant workers paid cash in hand to process defrosted meat that was “green” and years old. The Guardian has established that some meat from the plant was sent via a trader to the leading European supplier that manufactured adulterated beefburgers sold in several high street stores.

The Tesco burgers and those at Burger King, Co-op and Aldi that also tested positive for horse DNA were all made by the ABP group in its Silvercrest factory, in the border area of Ireland. ABP – the initials derive from Anglo-Irish Beef Processors – is the leading processor of cattle in Europe.

…Larry Goodman’s ABP has blamed the adulteration in its chain on rogue managers at the Silvercrest site in County Monaghan, who, without the knowledge of head office, were buying in frozen meat for burger-making from traders who were not on the list of suppliers approved by its customers.

…The company told us meat from Selten was sourced for ABP not directly but on occasion by a Cheshire-based trading company called Norwest Foods.

That company was set up by Ray MacSharry Jr, son of the former Irish agriculture minister and European commissioner and, the Guardian has established, a former employee of Goodman. Norwest’s business interests include an abattoir in Spain, an office in Poland and an animal feed business in Ireland.

Last month both companies announced that they had reached a confidential financial settlement, and Norwest apologised for selling horsemeat to ABP Silvercrest unwittingly. ABP refused to answer questions about where the Selten meat had ended up.

So meat from Selten ended up at ABP for making burgers, but what were Selten’s sources? The Guardian has managed to follow a trail from Selten’s Dutch factory back to a key source of its horsemeat in the UK. Selten took deliveries from a Cheshire-based slaughterhouse known as Red Lion. It is owned by the Turner family, who slaughter and cut horsemeat and who own a cargo handling company in Dundalk, Ireland.

 

More here and Video: Food fraud: how beef and horsemeat became mixed is still unclear (Felicity Lawrence, The Guardian)

HealyRaeMichael Healy Rae in his Lotus.

Brian O’Reilly writes:

“What’s the deal with Michael Healy-Rae on last night’s RTÉ programme ‘Looking after No 1’ ? Driving down the road, on the phone, notepad and pen in hand and at the same time chatting to the RTÉ camera [above]?

If you or I were to do this, not only would there be penalty points involved, but more than likely a heavy fine, disqualification from driving for a few years etc, but it’s OK for for a TD? Hmmmm….”

Watch here

Thanks Brian O’Reilly

DoleThe Irish Times is reporting this morning that the Government is planning to launch a major campaign over the next few weeks to show people receiving social assistance that they would be better off if they worked.

Carl O’Brien writes:

“Research commissioned by Minister for Social Protection Joan Burton estimates at least 75 per cent of people on welfare could increase their income by about 50 per cent by obtaining a job.”

“Under the “Better off in Work” campaign, thousands of welfare recipients will receive letters showing what their take-home pay would be after tax compared to their benefits.”

“An online tool has also been developed which will allow anyone on welfare or in low-paid employment to compare their take-home pay at a number of salary levels compared with welfare benefits.”

So good of them.

Just 3% of dole recipients ‘better off’ without a job (Carl O’Brien, Irish Times)

UPDATE:

Karl writes:
I wonder if the dept. ever saw thisfrom a few years ago….

Job or Dole

eoin'sphotoMany people have been in touch seeking a hi-res version of this photo taken on Sunday in the Phoenix Park, Dublin by Eoin Kernan we posted yesterday.

Eoin writes:

I’ve gotten back to everyone now. It was shot on my iPhone, so it’s still not really high res but I’ve attached a high-res version. If anyone wants this just send a request to Broadsheet@broadsheet.ie.

Previously: Still Rutting

Broadsheet.ie