Irish Permanent’s loans-to-deposits ratio remains 227pc, down from 247pc last year. What this means is that the delinquent management of this bank borrowed so much in the boom to lend out that now — even after three years of contracting — for every €1 deposit the bank holds, it has lent out more than €2.27. For the bank to be viable, it has to get this ratio back to €1 of deposits equal to €1 of lending.

This implies that it has to aggressively cut lending or aggressively increase deposits or a combination of both.

…If the bank gets into a deposit war at a time when there is no demand for loans because people and companies don’t want to borrow, it is toast.

Why? Because its cost of capital is likely to be greater than its return from that capital. That is how you go bust.

 

Our Bailed Out Banks Are In Process Of Going Bust Again (David McWilliams, Irish Independent)


http://www.youtube.com/watch?v=5xJL5qowopI#!

A series of ads by art collective NAM: specialists in the wire-suspension of objects (and people) to create ‘mid-explosion’ photographs. The ads were made for the Harbour City Chocolate Trail, a charity project for the Hong Kong Blood Cancer Foundation.

We especially like where the chocolate appears to bNOMNOMNOMNOM

colossal

No, wait.

Come back.

From ‘Jezebel’:

The Daily Mail is a large-scale professional troll, and this article is troll-bait of the highest order—a master stroke of carefully orchestrated misogyny. It basically screams, “HERE, TROLLS! DON’T YOU HATE THIS AWFUL BITCH? LOOK, SHE THINKS SHE’S BETTER THAN YOU BUT SHE ISN’T EVEN PRETTY!” It begs women to go all mean-girl on her (every woman I spoke to succumbed to the temptation immediately), gives men a pass to comment on the relative value and fuckability of her body, and encourages both sexes to eviscerate, body-shame, and judge Brick with impunity because her ideas are so repellant.

For the Daily Mail to put such an obviously average woman (whose self-regard transcends confidence and becomes something close to paranoid delusion) on display like this, with crazy ideas like this, on a platform like this, feels uncomfortably close to bullying. And it makes Brick pitiable.

By giving Samantha Brick miles of rope and an extremely public tree, the Daily Mail is trying to trollify us all. It’s a little peek behind the curtain at how the media deliberately pits women against women for fun and profit. Fuck that. Ladies, let’s stop biting.

Read on: Yes, Samantha Brick Is Obnoxious, But the Daily Mail Is Trolling Us All (Lindy West, Jezebel)

Context: Do You Hate Her Because She’s beautiful

Quite tall or average-sized?

We may never know.

Dashing Toomas Hendrik Ilves, slightly tech-paranoid, American-raised, former journalist, never seen without a bow-tie, and Enda Kenny in the Taoiseach’s office at government buildings literally within the last hour.

(Sasko Lazarov/Photocall Ireland)

Toomas Hendrik Ilves

Holy sheet.

For Christians, faith is not just something practiced on Sunday; it’s the whole way of life. It is small wonder then, that so many enjoy decorating their homes in faith-based decor–including Christian bedding from VisionBedding.

Needs more basketball hoop.

ChristianNightmares

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