Shane Ross

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Archive for August, 2013

Elderly teed up for Budget sting

Stella, the statistic, has had a good recession. Stella is 66, a widow, who lives in a large house in a Dublin suburb. She has no mortgage as it was repaid long ago. Sadly, her husband died in 2008, but he left her comfortably off.
He was prudent all his working life, saving for their old age. He left her his life savings of €50,000 and a risk- free share portfolio worth €300,000. She draws the old-age pension of €230 a week.
Big house, no debt, healthy income, a few bob in the bank… Stella the phantom statistic is riding out the recession, feather-bedded, unfazed.
She surveys the wreckage of the boom all around her. She is one of Ireland’s supposedly privileged elderly, the group who escaped the traumas of the collapse of the Celtic Tiger. Last week, The Irish Times dubbed Stella and her ilk “a lucky generation”.
What utter bunkum.

Financial eunuchs have bottled it

WHAT a wonderful week for flying under the radar. The puff piece about Ireland in Forbes magazine, the Central Remedial Clinic funding row and the puzzle about whether Des Peelo, friend of Haughey and Bertie Ahern, was really a member of Fine Gael, all provided glorious diversions. Far more important events were buried.

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Financial eunuchs have bottled it

WHAT a wonderful week for flying under the radar. The puff piece about Ireland in Forbes magazine, the Central Remedial Clinic funding row and the puzzle about whether Des Peelo, friend of Haughey and Bertie Ahern, was really a member of Fine Gael, all provided glorious diversions. Far more important events were buried.

(more…)