Search Results for 'National Asset Management Agency'

The National Asset Management Agency (NAMA) came in for strong criticism this week over the lack of progress to the works at the derelict part of the Silverbridge Shopping Centre in Claremorris.

TRANSITIONS OF many kinds - be they in relationship status, becoming a mother, eras and generations, to the dizzying speed of digital and technological developments - are at the heart of a new poetry collection by Emily Cullen.

THE National Assets Management Agency has secured court orders enabling it to move against UK assets of Galway-native developer brothers Raymond and Daniel Grehan as part of its efforts to recover unpaid loans of more than €300 million.

The dust has settled; the new Government has come through its first 100 days; Britain’s Queen Elizabeth and US president Barack Obama have been and gone; Garrett the Good, Declan Costello, and Brian Lenihan - three icons of Irish politics - have passed to their eternal reward. What a first six months of 2011 this has been.

The GAA is a fine example of an organisation not afraid of change; not afraid to invest in a world class stadium; brave to modify some of their historical tenets to reflect a changed world. The club and county structure provide a fantastic means to relay back to HQ what is happening on the ground. If rules of the game need to be changed, after proposals, discussion and a vote, they are changed, the sport no less engaging. Politics should pay heed.

This week the country has been rocked by how much more than originally estimated it is actually going to cost the taxpayer to bail out Anglo Irish Bank. The National Asset Management Agency has started taking over toxic loans for half their original value. Quinn Insurance is under financial investigation and the company have warned that 5,500 Irish jobs are being threatened by the appointment of administrators, and the numbers on the live register crept up again in March after a slight fall in February. On a brighter note, public sector management and unions have reached an agreement in relation to public sector pay cuts with no further cuts promised until after 2014 provided certain cost-saving measures are met. Actually, it’s not so bright after all because teaching unions, and more than likely a few others, look set to reject the deal. Imagine the mess the country would be in if private sector workers had the same mechanisms to reject pay cuts which were thrust upon them. They took it on the chin and realised they were lucky to have a job when friends and colleagues were being made redundant.

Some political commentators have adjudged last week’s budget was a success because it avoided on-street protests. The October budget got pensioners and students out with placards. The February public sector income levy resulted in a large Dublin march. Politicians say the public response to the latest budget has been silence. This should be even more scary to Government backbenchers.

PROPERTY developers across the west have been asked to attend a seminar next week on the new National Asset Management Agency (NAMA) to hear details of how this will impact upon their current relationships with their banks.

Some political commentators have adjudged last week’s budget was a success because it avoided on-street protests. The October budget got pensioners and students out with placards. The February public sector income levy resulted in a large Dublin march. Politicians say the public response to the latest budget has been silence. This should be even more scary to Government backbenchers.

Some political commentators have adjudged last week’s budget was a success because it avoided on-street protests. The October budget got pensioners and students out with placards. The February public sector income levy resulted in a large Dublin march. Politicians say the public response to the latest budget has been silence. This should be even more scary to Government backbenchers.