So what would you suggest being done?
REH From: [email protected] [mailto:[email protected]] On Behalf Of Ed Weick Sent: Thursday, December 02, 2010 10:59 AM To: [email protected] Cc: [email protected] Subject: Re: [Futurework] [Ottawadissenters] Ireland and Greece Some time I posted something on the two Irelands my wife and I visited, the dark and disorganized Ireland of the 1970s and the modernized, economically surging Ireland of 2000 -- all those new houses everywhere and all those new cars. Now Ireland is in a state of crisis and has had to be bailed out. Comparisons are made between Ireland and the other PIGS. While I'm not really sure of what I'm saying here, I believe that the situation of Ireland and, for example, Greece are quite different. Greece was deeply in dept because it had become too permissive with regard to social programs and labour practices. It's overwhelming debt was essentially sovereign debt -- debt that the government had to repay but couldn't. In Ireland, on the other hand, all those new houses and cars represented a huge load of personal debt to banks, debt that people expected to be able to pay because good times would surely continue. Well, sadly, they didn't. Ed ----- Original Message ----- From: Steve Kurtz <mailto:[email protected]> To: [email protected] Sent: Wednesday, December 01, 2010 5:10 PM Subject: Re: [Ottawadissenters] Ultra-rich getting richer while middle class stagnates Great piece, John. Steve On Dec 1, 2010, at 3:39 PM, John Verdon wrote: Arthur you might enjoy Umair Haque's latest blog post http://blogs.hbr.org/haque/2010/11/the_irish_banking_crisis_a_par.html?utm_s ource=feedburner <http://blogs.hbr.org/haque/2010/11/the_irish_banking_crisis_a_par.html?utm_ source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+harvardbusiness%2Fhaq ue+%28Umair+Haque+on+HBR.org%29&utm_content=Google+International> &utm_medium=feed&utm_campaign=Feed%3A+harvardbusiness%2Fhaque+%28Umair+Haque +on+HBR.org%29&utm_content=Google+International On Wed, Dec 1, 2010 at 2:01 PM, Arthur Cordell <[email protected]> wrote: -- John Verdon 4 Ashbury Place Ottawa, ON K1M1H3 voice 613-744-4278 searching for the pattern which connects.... knowing the difference that makes a difference... Sapere Aude - The true is the whole. Compassion is the natural condition of what one really is. __._,_.___ Reply to <mailto:[email protected]?subject=re%3a%20%5bottawadissenters%5d%20ultra-rich%20 getting%20richer%20while%20middle%20class%20stagnates> sender | Reply to <mailto:[email protected]?subject=re%3a%20%5bottawadissenters %5D%20Ultra-rich%20getting%20richer%20while%20middle%20class%20stagnates> group | Reply <http://groups.yahoo.com/group/Ottawadissenters/post;_ylc=X3oDMTJyMTE4a2E5BF 9TAzk3MzU5NzE0BGdycElkAzE1MjA5MDU5BGdycHNwSWQDMTcwNTA4MzUxMgRtc2dJZAMxMzc4Mg RzZWMDZnRyBHNsawNycGx5BHN0aW1lAzEyOTEyNDE0Mzg-?act=reply&messageNum=13782> via web post | <http://groups.yahoo.com/group/Ottawadissenters/post;_ylc=X3oDMTJmY2hrOHMzBF 9TAzk3MzU5NzE0BGdycElkAzE1MjA5MDU5BGdycHNwSWQDMTcwNTA4MzUxMgRzZWMDZnRyBHNsaw NudHBjBHN0aW1lAzEyOTEyNDE0Mzg-> Start a New Topic Messages in this topic <http://groups.yahoo.com/group/Ottawadissenters/message/13778;_ylc=X3oDMTM3N jJkbGIwBF9TAzk3MzU5NzE0BGdycElkAzE1MjA5MDU5BGdycHNwSWQDMTcwNTA4MzUxMgRtc2dJZ AMxMzc4MgRzZWMDZnRyBHNsawN2dHBjBHN0aW1lAzEyOTEyNDE0MzgEdHBjSWQDMTM3Nzg-> (3) Recent Activity: <http://groups.yahoo.com/group/Ottawadissenters;_ylc=X3oDMTJmYWd1NmtiBF9TAzk 3MzU5NzE0BGdycElkAzE1MjA5MDU5BGdycHNwSWQDMTcwNTA4MzUxMgRzZWMDdnRsBHNsawN2Z2h wBHN0aW1lAzEyOTEyNDE0Mzc-> Visit Your Group <http://groups.yahoo.com/;_ylc=X3oDMTJlaHFuam8zBF9TAzk3NDc2NTkwBGdycElkAzE1M jA5MDU5BGdycHNwSWQDMTcwNTA4MzUxMgRzZWMDZnRyBHNsawNnZnAEc3RpbWUDMTI5MTI0MTQzO A--> Yahoo! Groups Switch to: <mailto:[email protected]?subject=change%20delive ry%20Format:%20Traditional> Text-Only, <mailto:[email protected]?subject=email%20delivery:%20 Digest> Daily Digest . <mailto:[email protected]?subject=unsubscribe> Unsubscribe . <http://docs.yahoo.com/info/terms/> Terms of Use . <http://geo.yahoo.com/serv?s=97359714/grpId=15209059/grpspId=1705083512/msgI d=13782/stime=1291241438/nc1=1/nc2=2/nc3=3> __,_._,___
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