What does Ireland truly stand economically compared to other European powers? (pt. 2)

Much of what the general public and media base their assumptions on a country’s current standings goes with the profits being reported by foreign multinational corporations that reside in that country. These multinational corporations (MNC’s) have tended to flatter Irish’s GDP growth. Since most of these profits are beneficial to foreign parents instead of the Ireland economy, they do not affect international measurements such as GNI. But in recent years, actions taken by these firms have seen effect to not only GNI but GDP as well.

The differences are now that the large capital assets owned by these MNCs are now operating in Ireland. And these Intellectual property assets are often owned by information technology companies. This asset from abroad contribute to GDP not because of the act of acquisition itself, but once these assets are acquired. The deprecation of the asset and land in Ireland affect the statistics. The deprecation of these assets must be included in the GDP and GNI, as that is what the “G” stands for.

In 2015, many of these large MNCs decided to move …

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What does Ireland truly stand economically compared to other European powers? (pt. 1)

Ireland may not seem to one of the most powerful countries in Europe, but there are also many misleading statistics that surround the State. This leads to a misconception of what the residents of the country truly experience and how life in Ireland plays out. Statistics such as per capita GDP, the Human Development Index, and GDP per head are skewed because of international relations within Ireland. Many times people look at one of the previously mentioned statistics and assume everything about a country on that one number. But you cannot presume that off of one indicator. Multiple accounts and indicators will have to be taken into account when determining the overall status and standing of a country.

Looking at Ireland, many individuals are inclined to believe that the numbers do not show the country as prosperous, but if the small city-state of Luxembourg was taken out of the GDP, Ireland would have the highest GDP per head in all of Europe. When looking at the composite representation of a country, GDP and GNI may not be enough to have …

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Who is buying houses in Ireland for cash? A look at cash buyers in 2021

With fewer homes entering the housing market, and a large amount of demand that is being unmet due to that, the Irish government incentives like “Help to Buy” have only just started to affect rising forecasted housing prices in 2021. But even so, there has been little effect in the market by people that are known as “cash buyers”.

Cash Buyers may not be the people that first come to mind. They’re not exactly the people that pay upfront the entire mortgage, because let’s be realistic, who has ever done that? Cash buyers are investors, and their acquisitions are mostly funded by debt in terms of purchasing power. This is where they get the name “cash buyers” from. Despite the pandemic in 2020, these cash buyers were still highly active in the market. Statistics show that over 1.75 billion euro were invested by investors from European property firms like the LRC. While, it was still down from 2019 when it was pre-pandemic times, where the overall investment was 2.5 billion euro, there was still a significant amount of money being …

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Industry in Wesel, Germany

Wesel is a city in Germany, North Rhine-Westphalia with about sixty thousand people. There are some different types of industrial companies. One type is the chemical industry which is strongly represented in Wesel with the bigger companies like Altana Chemistry, BYK Chemistry, the LGC Standards and Oxoid. The Altana Chemistry was created in 1977 and has about six thousand five hundred employees now and makes a turnover of more than 2.3 billion euros.

The BYK Chemistry is a big company too and employs worldwide more than two thousand three hundred employers, thereof about nine hundred in Wesel. They make a turnover of more than one billion euros per year, so they are a bit smaller than the Altana Chemistry. Both companies are important for the inhabitants, because they need many of them as employees.

One more company in Wesel of a different type is Geberit, a well-known manufacturer of sanitary ceramics. They have six locations in Germany. They produce their products since more than hundred years currently with three hundred employees at the location in Wesel. The company produce about …

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Newstalk interviews Karl Deeter about getting the country back to work

In an interview that drew a massive listener reaction, Pat Kenny interviewed Karl Deeter about the reasons he believes we need to get people back to work sooner rather than later. We would stress the point that this isn’t implied as doing so in a reckless manner, hand hygiene, distancing and other protocols already being followed in shops and essential services jobs would be required. Dr. Sam McConkey was also on to critique his view. The debate was well rounded and respectful, you can listen to the clip below.

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Making housing more affordable

This paper was written by Karl Deeter and covers many different aspects of housing in Ireland. It was written last year so there are parts of it that are not as current as we’d like it to be. Publishing was delayed for various reasons, but we hope that it provides a good background on the many facets of housing delivery in Ireland where some changes could make a difference to delivery.

The bad news is that there isn’t any one ‘grand idea’, the good news is that smaller changes across different areas of housing could help to provide a more steady stream of affordable homes in the future.

The working report  Making housing affordable in Ireland is in the link, there are still final views, corrections and critiques to consider, but it should give the reader a good insight into housing problems and housing solutions in Ireland today.

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Bank loans in Bulgaria

Bank loans in Bulgaria

My name is Hristo Dimitrov. I’m a student from Varna Bulgaria.

How to pick bank loans in Bulgaria

In Bulgaria you can borrow relatively easily for an apartment and pay it off within 30 years. The maximum loan amount for the banks are up to EUR 200,000.  Also, Bulgaria has low interest rates compared to other countries. The best conditions for buying a home are on Postbank

And DSK Bank.

For specific rules and percentages, you can look at them.

APR at individual interest rate selected for the purposes of the example * – 3.66%

An example of a fixed interest rate for the last 3 years and a variable interest rate (benchmark interest rate + margin) for the remaining term of the loan when included in the DSK Coz Plus Sales Prohibition Program.

 

The long-term interest rate for the implementation of the DSK Coz Plus program can be set in the range of 3.00% to 4.49%.

 

 

Amount of credit

BGN 100,000

 

Monthly payment

448,49 BGN

 

Term of the loan

30 …

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50 Reasons Ireland Should Consider Tall Buildings

Here are 50 reasons why Ireland should consider tall buildings for residential and commercial purposes:

1. Saves Space – In a world with a growing population, developing buildings vertically allows for more space and more people. The land available for buildings is finite, and while tall buildings have a height limit, cities and towns can better utilize this space by building more tall, vertical buildings.  

Source: Wray, Sarah. “’Mini Cities’: The Rise of Tall Buildings.” Smart Cities World, www.smartcitiesworld.net/opinions/opinions/mini-cities-the-rise-of-tall-buildings

2. Creates More Homes – There is a correlation between density of a city with the number and height of tall buildings. High-rises allow for more homes by building vertically rather than building wide or horizontally. 

Source: “The Pros and Cons of the Skyscraper.” RG Group, 17 Apr. 2018, rg-group.co.uk/the-pros-and-cons-of-the-skyscraper/#

3. Creates More Office Space – Tall buildings or skyscrapers are able to satisfy the needs and desires for companies to be in proximity together in dense, urban areas. Building up answers vast company demand for city office space. 

Source: Barr, Jason. “The Economics of Skyscraper Height (Part IV): …

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The Rise of Income Inequality in the United States Part 2

Previously, I discussed the theory that wealth inequality is growing in the United States. A lot of this wealth inequality is due to the fact that Americans don’t report all of their information regarding their taxes. The following are some ways to improve wealth and saving data:

Employer pensions could be accurately estimated as well as the value of homes Other financial institutions could report balances as well. This would improve wealth distribution estimates. The concentration of taxable capital income has risen enormously for the 0.1%. This percentage used to be 10% in the 1960s and 1970s and has grown to 33% (2012). The rise coincides with the Tax Reform Act of 1986 reflecting changes in tax avoidance rather than in the distribution of true economic value. Some profits of partnerships and s-corps include income labor component reflecting a rise of top entrepreneurial income rather than pure capital income. Dividends and interest earned through mutual funds, s-corporations, partnerships, holding companies, and some trusts end up being included in the interest and dividends section of the ultimate individual owner’s tax return. …

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