Word: dublin
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...Western democracies, Ireland included, have a tendency to shy away from politicians who are far more intelligent than themselves. Adlai Stevenson was one of the best examples of this. As for any politician completely understanding the global financial mess, well, sadly Einstein is not on any ballot. Robert Liffey, DUBLIN...
...been close to 140 years since Weir & Sons began trading jewelry on Grafton Street, a hot spot for Dublin shoppers. The business has weathered the years well. "We've seen ups and downs, wars and rebellions," says Neville McDowell, jewelry buyer for the family-run company. The latest downturn will test it again. After a "phenomenal" decade, McDowell says, a squeeze on spending means sales this year are expected to dip by 10%. Even for a hardy company, says McDowell, "business is tough...
...incentives fueled a buying frenzy that pushed up both prices and housing stock: the cost of an average house rose almost three-fold in the decade through 2006, while some 40% of the country's housing was built in the last decade, according to Brian Devine, an economist at Dublin-based stockbrokers NCB. At the Grange, a swish 11-acre (4.5 ha) development in Dublin, realtors sold 15 luxury apartments a week even before work started on the complex...
...construction mania fast became "a growth that squeezed all the other organs of the economy," says John Fitz Gerald, an economist at Dublin's Economic and Social Research Institute (ESRI). That starved Ireland's exporters of valuable resources. The result: the country's share of euro-zone exports has slipped by a fifth since 2001, while housing investment grew to 14% of Ireland's economy by 2006, roughly three times the European average. When values and demand began to fall - house prices fell 10% in the year to August, while apartments at the Grange are now selling at a rate...
...targets like these continue to be pursued nationwide, it may, in fact, be the new Ireland that helps this old language grow. Michal Boleslav Mechura, a 33-year-old resident of Dublin who immigrated from the Czech Republic ten years ago, became fluent in Irish and finds it useful in his own integration process. "People don't realize I'm not from here when I speak in Irish," Mechura says. "A lot of Irish people who speak Irish speak it as a second language and so we are all on the same footing. I fit in better in Irish...