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EACH DAY, TheJournal.ie brings you nine things you should know with your morning cup of coffee.
1. #SHOOTING: Gardaí are today investigating a shooting that took place in the Fairhill area of Cork last night. A 20-year-old man was taken to hospital with non-life threatening injuries and gardaí are now appealing for witnesses.
2, #BERRIES: The Food Safety Authority was first told about the risk of contracting Hepatitis A from frozen berries by European watchdogs as far back as April, the Irish Daily Mail has revealed. The FSAI decided not to give any warning because the cases identified at the time were in Scandinavia, though three people in Ireland that month began showing symptoms of the virus.
3. #BELFAST: An Orange Order parade is due to take place in North Belfast later today. RTÉ reports that the Count Grand Master of Belfast has urged those taking part to protest peacefully and disperse when asked to do so by police, amid fears of a return to last weekend’s scenes of violence.
4. #HOWTH: Gardaí are investigating a possible incidence of arson yesterday evening after a trawler in Howth pier, Dublin, was set on fire. No one was on board the boat at the time and the scene is now preserved pending a forensic and technical examination to determine the cause.
5. #DROUGHT: We never thought we’d say this, but the country is now in a drought. The Irish Independent reports today that at least ten local authorities have had to cut off or restrict water supplies at night and more councils are to follow suit as the heatwave continues. So back away from the hose before someone gets hurt…
6. #DEBT: Danske Bank will apply on Monday to have its case seeking judgement for loans of almost €2.5 million owed by Minister of State John Perry and his wife, fast-tracked, The Irish Times reports. The bank claims the loan was to be repaid by November 2012 and while the couple had been making some payments, they failed to keep up the level required under the terms.
7. #SPEED: The companies operating the fleet of speed camera vans in the country made profits of almost €50,000 a week last year, the Irish Examiner reports. The vans detect one speeding motorist every hour.
8. #AUSTRALIA: Police at an Australian-run immigration detention camp on the island state of Nauru have restored calm after riots broke out yesterday, BBC reports. The riot was sparked by the Australian Prime Minister’s announcement that asylum-seekers arriving by boat will now be processed through Papua New Guinea for assessment.
9. #SEX: A new study has indicated that a sexual addiction may not be a mental disorder at all and could simply be linked to a high libido. The study found that brain responses of people with the ‘addiction’ to sexual images were not related in any way to the severity of their hypersexuality, but instead were tied to their level of sexual desire.
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Can I have my money back now
It’s like’…..burning your furniture – to keep warm!
Why are PwC saying this instead of IBRC and NAMA?
As property prices start to rise nama , ibrc start to dump property
Can someone explain why?
Dumping loans philip, not property. They’re Dumping the loans as they’re non-performing and want to get them off the balance sheet.
If they had the patience, they’d put arrangements in place to allow the properties to return to positive equity and then seek a sale, this recouping more of the tax payers money.
Unfortunately, they’ll sell the loans for a discount and allow the new purchasers to do this and net a tidy profit.
The article outlines that IBRC (IBROKE would probably be a better name) will offload € 15 billion in loans.
Yet the linked article tells us that IBROKE have already offloaded 90% of its loanbook, € 19.8 billion out of € 21.7 billion leaving just € 1.9 billion on hand.
This can only mean, if the previous article is correct, that it is NAMA that is offloading the majority of the loans.
Why the subterfuge?
Why make people think that this is some kind of joint enterprise when it is NAMA that is leading the charge?
Have the shiny suit brigade from the canal something to hide?
Given their obsession with secrecy it would not surprise me if they have, perhaps selling the loans to some preferred customer with an inside track at a serious discount.
The way things go it will all be wrapped up before we know anything, plus ça change.
Who in their right mind would buy this junk?
It might only be worth 30% of face value but if you buy it for 20% it’s a good deal. For the buyer anyway.
@ Irish Revolution
The Banks?
Hedge funds bought it. They will now sell off all the ghost estates etc at a lower price so people that have houses for sale at the min will eventually have to sell for half or take them off the market.
Fab house here in drogheda asking price €325. Hilarious. You could now nearly get a house for that on raglan road or ailsbury road!! So that house is realistically worth less than €150 really.
People and notions ha
What about Bank of Scotland selling on my mortgage & others in their Irish portfolio to a company called Tanager Ltd.
I’m in a tizzy all day because I don’t know what it means for us.
have your say