Who is running the country???

Sargent resigns ministry over 'error of judgment'

Green Party junior minister Trevor Sargent has resigned following revelations of his representations to gardaí on behalf of a constituent facing prosecution on a public order charge.

In a brief statement to the House this evening, Mr Sargent said he accepted that "although my actions in contacting An Garda Síochána were not a criminal offence, under Section 6 of the Prosecutions of Offences Act 1974 such a communication could be deemed not lawful.

"In this regard I accept I made an error of judgement. Accordingly I hereby tender my resignation forthwith as Minister of State for Food and Horticulture."

The Irish Times

Yet another blunder in what is fast becoming a shambles.Can we really expect this Government to help our current situation when they keep making one error after another,and im certain there is plenty more to come.

Take matters into your own hands.

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Dont leave it to chance,dont leave it to the Government.

87,000 jobs to go in 2010

Employment in 2010 is set to fall by 87,000 on last year's average, and will decline by a further 11,000 in 2011 according to the latest labour market survey by Fás.

The State agency said that the unemployment rate will peak at about 13.5 per cent in late 2010, below previous forecasts of 16 per cent. However, it said it is too early to say whether the apparent stabilisation in the unemployment rate that took place in recent months will persist.

The latest quarterly survey shows that manual workers and craftspeople have been hardest hit in terms of job losses, with unemployment in these groups rising to 25 per cent or more in 2009.

The construction sector has been particularly hard hit, with the unemployment rate for manual or crafts-based jobs in the construction sector reaching 30 per cent. Meanwhile, the jobless rate for managers and professionals closely linked to construction has risen to over 13 per cent.

Labour force participation among teenagers and those in the 20-24 age-bracket reduced sharply during this period. According to Fás this reflects postponement of entry to the labour force.

The number of apprenticeships offered by employers also fell sharply in the period. The number of new apprentices recruited by employers fell by 59 per cent in 2009, with construction-related apprentices down 69 per cent.

Some 80,000 people participated in FáS-supported training programmes in 2009, while a further 26,000 were still in training at the end of the year.

Reported by The Irish Times

This im sure is a best case scenario and predictions are being conservative.This could be you or someone you know.There is an alternarive

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If things are going to change we have to take matters into our own hands.

How will the Interest rate hikes affect me?

HOMEOWNERS ARE bracing themselves for the latest assault on their finances, as lenders prepare to hike interest rates on variable-rate mortgages.

Last year, the crisis facing many mortgage holders, given the downward pressure on interest rates, was how to get out of a fixed-rate mortgage without incurring sizeable breakage fees. Now, however, those who locked in at a reasonable level over the past few years may feel that it wasn’t such a bad idea. Those on variable rates are in line for rate hikes of as much as 1.5 per cent, which would add an extra €300 a month to the average mortgage in Dublin.

How many people would a rate hike affect?

According to the Central Bank, as of last June, 84 per cent (by value) of private residential mortgages in Ireland were at a variable rate, with 16 per cent at a fixed rate.

Given that there are roughly 800,000 such mortgages in Ireland, a rough estimate indicates that 672,000 people are on variable-rate mortgages and 128,000 are on fixed rates.

Will the Government intervene?

If the banks go through with the planned rate hikes, there may be a public outcry similar to that led by homeowners seeking to get out of fixed-rate mortgages last year. However, it is likely that the response from the authorities will be the same.

While the taxpayer now has sizeable shareholdings in both AIB and Bank of Ireland, it is unlikely that the Government would intervene to prevent the banks from raising variable rates. Given the banks’ precarious positions, a return to profitability is seen as essential for the Government to be able to sell its stakes in the banks, and for the taxpayer to exit the banking sector.

As reported by The Irish Times

With deposit rates still high and margins on borrowing low, banks have to find a way to make money,from us one way or another.

This is bound to affect to affect you or some one you know,the government and the banks are not going to help us,so we have to do it for ourselves.

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