• Home
  • NAMA property for sale
  • About
  • The Developers
  • The Tranches

NAMA Wine Lake

Click the green link above for latest news and over 2,600 related articles. NAMA – National Asset Management Agency – part of Ireland's response to its banking crisis and property bubble

Feeds:
Posts
Comments
« BoSI has receivers appointed to two Ballymore group companies
NAMA’s panel of loan sales advisers have a right old bitch about the Agency »

Of the Week…

February 2, 2013 by namawinelake

Revenge of the Week

“I remind Deputies and the Minister that we have a programme to complete which involves five priority questions in 30 minutes. We are now well over the time allotted to these questions. We either conduct this session in accordance with the rules and protocols or it becomes a free-for-all. What do Members want? Please help me to do my job” Fine Gael Deputy Peter Mathews who acted as “chairman” on Tuesday this week during questions in the Dail.

The man who is nationally famous for his lengthily-parsed (being kind) or long-winded (being less kind) speeches, and who is constantly criticized by the chairman of the finance committee for over-running his allotted time to ask questions – was put in the role of managing the time of others this week. Yes, on Tuesday, you might have felt that your eyes were deceiving you as Peter Mathews took over the role of Ceann Comhairle, but no, a panel of temporary chairpersons is established at the start of every new Dail to assist the Ceann Comhairle and Leas Cheann Comhairle with the business of the House. Such appointments are governed by  standing order 16. It was almost as if someone was taking revenge on the Deputy who finds managing his own time notoriously difficult.

Deputy Mathews made the news this week also after he attended the non-politically aligned Ballyhea 100 protest and talk last weekend, where up to 400 people turned up to hear about the protest that started in Ballyhea but which is now being replicated in Ratoath and Wicklow.

Graph of the Week

NIGDPIndexChart

Northern Ireland’s economy is measured for the first time separate to that of the rest of the UK. During the week, the Arlene Foster’s industrious Department of Enterprise Trade and Investment produced a new statistical series which maps out an index for the Northern Ireland economy (it has a GDP of about €35bn). Further information is being sought on the series, but for the time being, it appears to show real GDP declining by 11.3% from peak in 2007, compared with just 2.9% for the UK generally and 6.7% in the Republic.

NIGDPindex

 

Sssh, it’s a secret of the Week

Independent Dublin TD, Maureen O’Sullivan tried to find out this week what artwork was in NAMA’s possession. We know that NAMA has auctioned some of Derek Quinlan’s art as well as giving away some more. We know that NAMA has taken possession of some 400 pieces in Noel Smyth’s collection. And NAMAed David Arnold sold some of his art last year, apparently at the behest of NAMA. Last October 2012, NAMA said it possessed art collectively valued at €7.5m, but for some unfathomable reason, providing a schedule of this art would “place NAMA at a commercial disadvantage”

Deputy Maureen O’Sullivan: if he will have cause to have laid before the Houses of the Oireachtas a schedule of all artworks to have come into the possession of the National Assets Management Agency since the establishment of the agency; and if he will make a statement on the matter.

Minister for Finance, Michael Noonan:  I am advised by NAMA that the information sought by the Deputy is of a commercial nature and that its disclosure would potentially place NAMA at a commercial disadvantage. I am advised accordingly by NAMA that it is precluded from providing the information.

Media Event of the Week

WhenKeelinMetBill

This week, RTE launched a new morning TV show “Morning Edition”, a mix of current affairs, regional news and entertainment. The show broadcasts between 9-11am Monday to Friday, and on its first morning, it featured an interview between the ever-smiling Keelin Shanley and Microsoft founder and philanthropist Bill Gates, a Colossus of a man, but hardly the most entertaining in a morning TV show. The show signals RTE’s commitment to current affairs, and who knows, it may well blossom into a much-needed news source.

You can watch last week’s shows on the RTE Player here.

Where’s the Beef of the Week

Despite Minister for Agriculture, Food and the Marine trying his level best to draw a line under the contamination of our food chain with horsemeat, the affair is not going away, thanks in the main to British media, politicians and public, who seem a tad more concerned that, for God knows how long, we have been consuming horsemeat in what we thought were beefburgers.  This week, Tesco, Aldi, the British Co-op stores and Burger King announced they had cancelled their supply contracts with ABP, the company at the centre of what is rapidly becoming a scandal, for the supply of beefburgers. Many, many unanswered questions linger, despite the line-drawing attempts of Officialdom which are no doubt inspired by a desire to protect consumer confidence and the wider meat, food and food processing industries. Here are some of those questions:

(1) What is the name of the Polish company or companies which allegedly provided the horsemeat, and was there any Irish interest in the cold storage unit apparently identified as the source, or the five Polish companies which provided meat to the cold storage unit? Today, Poland is challenging the claim that it is the source of the horsemeat and accuses Ireland of a witch-hunt for commercial gain.

(2) Did the food stores, like Tesco and Asda, never wonder how Silvercrest could produce burgers so cheaply? What legal action can be taken by consumers who might have purchased or consumed horsemeat contaminated burgers, and what compensation are they due?

(3) How long might consumers have been exposed to horse contaminated meat, and should food stores not be issuing recall or warning advertisements in the national press?

(4) Why did ABP source meat in Poland in contravention of agreements with Tesco and Burger King, and perhaps others? Why was management at Silvercrest removed? Was the horsemeat contamination the result of error or fraud or something else?

(5) What is the €-value of damage done to the Irish economy by the affair and what legal action can be taken by the State against ABP and others? Tesco has seen €360m wiped off its share price apparently as a result of selling the horsemeat contaminated burgers.

(6) Why have Dunnes Stores, Asda, Iceland and Lidl not cancelled their contracts with ABP?

(7) What other outlets might have been selling horsemeat-contaminated beef burgers, eg food stores, fast food chains or even your local chippers. 200 million burgers a year were being produced by Silvercrest. Where were the 200m burgers produced last year sold to the public?

(8) Why has the Irish media not been “in your face” with ABP, food stores, your local chipper, the Department of Agriculture, the Food Safety Authority and challenging the Polish rejection of accusations that it is the source of the horse contaminated meat.

Out of curiosity I took a look at the packaging on one of Iceland’s beefburger packets in Dublin this week. It was eyebrow raising. The 454g 4-burger €2 packets merely say the burgers contain “Beef 98% Seasoning “ – no percentage for seasoning and no breakdown of the “beef” and there is a list of about six ingredients in “seasoning” – and that the burgers are “produced and packed for Iceland” in the UK. Did the burgers comes from Silvercrest or Dalepak, the ABP plant in Yorkshire? Who knows? But Iceland is one of the stores to which horsemeat contaminated burgers were supplied.

The Oireachtas agriculture committee cancelled a hearing with the Food Safety Authority scheduled for 22nd January, 2013 until “a later date where all information appropriate to a discussion with the Committee is available” It will now take place on Tuesday 5th February 2013 at 2pm.

Civil Disobedience Act of the Week

Although some newspapers report compliance rates as high as 80%, the truth appears to be that by the 1st February 2013, just 328,206 households met the deadline to register their septic tanks and pay the registration fee, now €50. There are apparently 497,000 homes in the State with their own septic tanks, according to Census 2011, so the compliance rate appears to have been 66%. Unlike the property tax and water charges, the septic tank registration was required by the EU which itself was seeking to protect drinking water by preventing contamination from leaking or faulty septic tanks. But despite the incentives – up to 80% of repairs up to €4,000 for households with income of less than €50,000 – the people have spoken (again).

About these ads

Share this:

  • Twitter
  • Facebook
  • Digg
  • StumbleUpon
  • Reddit

Posted in IMF, Irish economy, NAMA, Northern Ireland, Politics | 1 Comment

One Response

  1. on February 3, 2013 at 9:13 pm Please Tell me I'm Wrong

    Beef of the week: A bit of steak haché is probably an improvement on most of the godawful stuff that goes into “beef” burgers. What I fail to understand is the Irish public and media tolerance for meat products adulterated (injected) with water. As I contemplate my Bord Bia quality assured “rashers” swimming in all that water and white stuff, I wonder if the Food Safety Authority will survive the next budget, having committed the ultimate no-no for an Irish regulatory agency – i.e. actually doing what they’re supposed to do.

    Also wonder if they test for human dna in burgers? Maybe I’ve been reading too much Upton Sinclair…. or Soylent Green… or Beef Tribunal reports



Comments are closed.

  • Enter your email address to follow this blog and receive notifications of new posts by email.

    Join 9,951 other followers

  • Donate

  • Recent Posts

    • Farewell from NWL
    • Happy 70th Birthday, Michael
    • Of the Week…
    • Noonan denies IBRC legal fees loan approval to Paddy McKillen was in breach of European Commission commitments
    • Gayle Killilea Dunne asks to be added as notice party in Sean Dunne’s bankruptcy
    • NAMA sues Maria Byrne and Graham Byrne in Dublin’s High Court
    • Johnny Ronan finally wins a court case
    • KBC continues to suck funding out of Irish market amid continuing losses
  • Recent Comments

    Wisemama on Eddie Hobbs’s US “partner” fir…
    Dorothy Jones on Of the Week…
    Sean Bean on Eddie Hobbs’s US “partner” fir…
    John Foody on Of the Week…
    Wisemama on Eddie Hobbs’s US “partner” fir…
    otto on Of the Week…
    Frank Street on Of the Week…
    Wisemama on Eddie Hobbs’s US “partner” fir…
    John Gallaher on Of the Week…
    John Gallaher on Of the Week…
    who_shot_the_tiger on Eddie Hobbs’s US “partner” fir…
    Sean Bean on Eddie Hobbs’s US “partner” fir…
    otto on Of the Week…
    Brian Flanagan on Of the Week…
    Robert Browne on Gayle Killilea Dunne asks to b…
  • Twitter Updates

    • Farewell from NWL wp.me/pNlCf-486 2 days ago
    • Happy 70th Birthday, Michael wp.me/pNlCf-483 2 days ago
    • Of the Week… wp.me/pNlCf-47P 4 days ago
    • Noonan denies IBRC legal fees loan approval to Paddy McKillen was in breach of European Commission commitments wp.me/pNlCf-47J 4 days ago
    • Curious, because the McFeelys wanted to remain in the house for another year to allow teenaged son complete Leaving wp.me/pNlCf-3gS 4 days ago
    • Tom McFeely home at 2 Ailesbury Road sold for €2.5m;reportedly needs €1m to restore to "proper residential use" wp.me/pNlCf-3gS 4 days ago
    • Gayle Killilea Dunne asks to be added as notice party in Sean Dunne’s bankruptcy wp.me/pNlCf-47z 4 days ago
    • NAMA sues Maria Byrne and Graham Byrne in Dublin’s High Court wp.me/pNlCf-47x 4 days ago
    Follow @namawinelake
  • Click on date for that day’s posts

    February 2013
    M T W T F S S
    « Jan   Mar »
     123
    45678910
    11121314151617
    18192021222324
    25262728  
  • Blog Stats

    • 3,925,504 hits

Blog at WordPress.com.

Theme: MistyLook by WPThemes.


Follow

Get every new post delivered to your Inbox.

Join 9,951 other followers

Powered by WordPress.com