Word: nextly
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Lenihan says housing prices need only appreciate 10% over the next 10 years for NAMA to return a profit on its initial expenditure. But predicting what's around the corner is never easy - as Ireland knows only too well. According to NAMA's draft business plan, a "prolonged property market depression" or "sluggish economic growth" could result in the failure of the scheme. Despite the risks, proponents say it's the only way to ensure that Ireland's banks start lending again. But for residents bearing the brunt of the country's economic slump, NAMA is little more than...
...means alone. Ireland's unemployment rate has doubled in the past year, to 12.5%, and is expected to reach 15% by 2010, with the biggest job losses coming in the construction industry. "NAMA is helping the wrong people," Cummins says. "I'll probably be evicted next year if I can't find another job, but it was the developers that got us into this mess in the first place, and they're getting off scot-free...
...Those who support NAMA say Ireland has little option but to take the plunge. The International Monetary Fund has predicted that Irish banks could lose up to $53 billion next year if they fail to get rid of their toxic assets. For Pat McCloughan, a Dublin-based economist, the looming bankruptcy threat outweighs all other concerns. "Unfortunately, developers going out of business and home repossessions are an inevitable part of [the downturn]. But a much bigger problem would be if one of the big banks was to fail. That would have massive repercussions for a small country like Ireland...
...green heroes [Oct. 5]: You needn't go to Japan to find people using biofuel. My son has been collecting oil from local restaurants and converting it to diesel fuel for his truck for years. The vehicle runs well, the process is relatively simple, and it costs him next to nothing. Dian Woodroffe, Shrewsbury...
...read with interest Mike Pandey's claim that "I grew up right next to the Nairobi National Park, where elephants would raid my mother's kitchen garden and lion calls would wake us at night." In those years of his childhood, I was a regular visitor to that park, knew the wardens and, in addition, produced official game mapping for Kenya. There had not been an elephant within or near the Nairobi National Park area since the early days of its foundation many years before - the nearest elephant population being some sixty miles away down the Mombasa Road...