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Cold sore via Shutterstock

That cold sore might be causing you memory loss

The study showed that people who had higher levels of infection were more likely to score poorly on a test.

THE SAME VIRUS that causes the common cold sore may be linked to cognitive problems.

According to a new study in the medical journal, Neurology, people who have had higher levels of infection in their blood were more likely to have loss of memory than people with lower levels of infection in the blood.

For the study, researchers tested thinking and memory in 1,625 people with an average age of 69 from northern Manhattan in New York. Participants gave blood samples that were tested for five common low grade infections. The results showed that the people who had higher levels of infection had a 25 per cent increase in the risk of a low score on a common test of cognition.

“We found the link was greater among women, those with lower levels of education, no health insurance, and most prominently, in people who do not exercise,” said author Mira Katan, MD of Columbia University Medical Center, New York.

“While this association needs to be further studied, the results could lead to ways to identify people at risk of cognitive impairment and eventually lower that risk,” said Katan. “For example, exercise and childhood vaccinations against viruses could decrease the risk for memory problems later in life.”

Read: Irish patients benefit from breakthrough breast cancer test >

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15 Comments
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    Mute Steve Hardy
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    Aug 2nd 2013, 7:08 PM

    This guy really grinds my gears, I’m sick of people who live in luxury saying they are representing the working class.

    345
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    Mute Mick B
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    Aug 2nd 2013, 7:40 PM

    Too right! Governments and unions have been working side by side for years! What a load of bull!

    He is right about one thing – austerity is leading to the Americanisation of Europe. For anyone that wants to know what is really going on in the World of economics and politics, I would highly recommend a book called ‘Confessions of an Economic Hitman’ by John Perkins. It is a very enlightening book.

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    Mute Enola Straight
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    Aug 2nd 2013, 9:24 PM

    Is this guy actually for real? Not ONCE has he called on the Labour Party to leave Government. Not once. A load of fcuking hot air as usual. Posturing of the worst kind.

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    Mute Gearóid O Machain
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    Aug 2nd 2013, 10:02 PM

    fools no more!!

    21
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    Mute Fagan
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    Aug 3rd 2013, 12:56 AM

    Yes, side by side, it’s called negotiation. Unless you think strikes are a better idea. You should go back to the eighties in that case.

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    Mute Owen Brady
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    Aug 2nd 2013, 7:19 PM

    During the boom Jack O Connor had his nose so deep in the trough it,s a wonder he did,nt drown.

    314
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    Mute MrKnow
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    Aug 2nd 2013, 8:32 PM

    I didn’t recognise jack o Connor for a second there without gravy on his face

    181
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    Mute rotund jocularity
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    Aug 2nd 2013, 8:33 PM

    +100

    67
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    Mute Dom Morgan
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    Aug 2nd 2013, 9:01 PM

    Americanization? WTF is he on about? In America they print USD to avoid austerity and in Ireland they are raising taxes. Neither is real austerity and have little in common.

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    Mute Dermot Purcell
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    Aug 2nd 2013, 9:25 PM

    the problem i have with this lot etc FF FG LAB is how they are given a platform by the media to spout their propaganda with no hesitation,yet DDI which i am not a member of are given no air time what so ever ,the time has come to say democracy is a myth in Ireland ,even in the most corrupt country in europe Italy they jail their leaders

    66
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    Mute Gearóid O Machain
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    Aug 2nd 2013, 10:02 PM

    the yanky dolla is worth less than 4c in reality!! 1 sheet of 1-ply toilet roll will have more value when we realise the collapse of capitalism and the joke will be on us cos the uner rich will have enough supplies to survive while we’ll be killing or eating each other and both!!

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    Mute Thomas Geoghegan
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    Aug 2nd 2013, 10:44 PM

    The printing of money amounts to the same thing as austerity: savage the living standards of working people while at the same time transfer greater profits to the better-off. In fact, austerity in Eurozone countries is a more honest way of going about the same thing. Printing money is designed to obscure this fact.

    26
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    Mute Scrap Croke Park1
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    Aug 2nd 2013, 11:40 PM

    Message for the bearded one. The reason PS workers are taking pay cuts is because FG failed to close Quangos as promised. We need to close quangos at a rate of knots and lay those people off. Sad but true.

    The CP agreement should have sliced 8 billion not 1 billion. As long as cosseted PS workers like Mrs Gilmore get parachuted from one McJob to another there will be no real savings.

    The govt would rather cut nurses and Garda pay then do away with unnecessary positions stuffed with FG/Lab lackeys

    41
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    Mute Liam John Bradshaw
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    Aug 2nd 2013, 11:55 PM

    At this stage of the crises in our Country, people need to stamp the roads to Leinster house, it ain’t going to happen,because people like you just keep knocking those who try to rise from the ashes! Owen, are you a Government representative, fighting against the power of the people??

    16
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    Mute Liam John Bradshaw
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    Aug 3rd 2013, 12:04 AM

    @ Dom, No one really trusts America anymore! Why just print money, just to get yourself out of trouble and bully all around you? Maybe if America struggled for awhile they would begin to realise what life is really all about!! America are now the bullies in our modern World!

    12
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    Mute Fagan
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    Aug 3rd 2013, 12:54 AM

    That’s completely wrong. Austerity (ie cuts in government spending) versus inflationary measures are two primary mechanisms for tackling a budget deficit. The format has always been the tool used by the right (conservative governments) as it protects business and wealthier people who rely less on the state. The latter, ie printing money, is favoured by the left as it means you don’t have to cut spending, however cash reserves get wiped out. So the more cash one has the harder they get hit, hence it hurts wealthier people more. If you have more personal debt than cash, which is more likely to be the case for a poorer person, then you actually gain from inflation.

    Economics 101

    14
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    Mute james r
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    Aug 3rd 2013, 1:00 AM

    So right Liam !!

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    Mute Hugh O Connell
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    Aug 3rd 2013, 1:42 AM

    Poor Jack seen him a while back flutin about in his new mercedes coupe, up thevworkers !!!!! Yeah righ,t keep on paying your union subscription s folks for jacks boy racer car

    19
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    Mute Frank Jones
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    Aug 3rd 2013, 1:53 AM

    You’re full of shit

    3
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    Mute Dom Morgan
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    Aug 3rd 2013, 7:18 AM

    Liam, you are right. The yanks send the Marines to Gabon and bring back a Miami – Tampa highway. They waste a trillion or two to fix Iraq / Afghanistan and this is how the economy gets better. Because we all know how war is good for the economy. I burn $2m rockets and fighter jet fuel and GDP goes up.

    Coming back to the ‘solution’ of printing money versus the budget balancing (why it’s called austerity I don’t know, should be called prudence). I think it does not require a true genius to figure out which way is sustainable and which way is not. Also, I do not see any evidence that money printing and debt hoarding hurts the rich more. In fact, I can see S&P500 outpacing GDP growth by 450% meaning that most printed money went into stocks. Who owns stocks, rich or poor?

    Lastly, when the house of printed money cards come down, many will see the ‘failure of capitalism’. How exactly is government accumulated debt system supported by central bank printing press a failure of capitalism – this I can’t see. HAving said that, I can’t see much brains in public debate either.

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    Mute James King
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    Aug 3rd 2013, 10:06 AM

    I think he is not talking about the same ‘poor’ people as you.
    Poor folk don’t have mortgages. Poor people get paid the minimum wage. Inflation hurts these people more.

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    Mute Hugh O Connell
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    Aug 3rd 2013, 11:04 AM

    Who is full of $***

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    Mute Frank Jones
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    Aug 3rd 2013, 11:16 AM

    You are Hugh

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    Mute R H Beige Lark
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    Aug 3rd 2013, 11:27 AM

    No you are Frank.

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    Mute John Scott
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    Aug 3rd 2013, 11:29 AM

    very well put to that i think it is is time for O. Connor to go now. most of the members a sick to the teeth of him he is doing untold damage to Siptu.

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    Mute Graham Crosbie
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    Aug 3rd 2013, 11:34 AM

    Cop on you stupid man

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    Mute Martin Byrne
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    Aug 3rd 2013, 12:07 PM

    Direct Democracy (I’m talking about the concept not the new party) poses the biggest threat to the political status quo in Ireland…FG, FF, Labour, RTE and NewsTalk …etc are all part of a group that benefit only if the power stays with the 3 big parties.

    This Political/Media alliance have clearly determined at the highest levels That the Irish people must NEVER be allowed to directly govern themselves like the Swiss. or its the end of the Gravy train for the the right wing Media and the political class, but for the rest of us it would be the beginning of real democracy for Ireland.

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    Mute Martin Byrne
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    Aug 3rd 2013, 12:12 PM

    Come on Journal that comment above was a reply to Dermot Purcell what its doing all the way down here.

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    Mute Martin Byrne
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    Aug 3rd 2013, 12:13 PM

    Direct Democracy (I’m talking about the concept not the new party) poses the biggest threat to the political status quo in Ireland…FG, FF, Labour, RTE and NewsTalk …etc are all part of a group that benefit only if the power stays with the 3 big parties.
    This Political/Media alliance have clearly determined at the highest levels That the Irish people must NEVER be allowed to directly govern themselves like the Swiss. or its the end of the Gravy train for the the right wing Media and the political class, but for the rest of us it would be the beginning of real democracy for Ireland.

    2
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    Mute Frank Jones
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    Aug 3rd 2013, 12:15 PM

    R H Hugh is full of shit coz he refers to JoC in a Merc coupe, we all know that this is bullshit, why am I full of shit? Is it because I believe workers should have a voice at the table?

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    Mute Martin Byrne
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    Aug 3rd 2013, 12:17 PM

    Whats going on Journal???? I once again replied to Dermot Purcells comment on corrupt Irish Media and it drops down here . A suspicious mind might think it might be that you are a part of that kind of Media…..But not me.

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    Mute Dermot Purcell
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    Aug 4th 2013, 11:17 AM

    Martin your 100 percent right the political media working hand in hand ,just look people and you can see.

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    Mute Liam John Bradshaw
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    Aug 4th 2013, 11:42 PM

    Trouble is Dom, we have a Government who are led by the nose over the past 35 years +, greed has set in over this period! If a government can subsidize the farmers or Ireland for doing nothing, our World is becoming sadder!
    Back in the 70′s when the people of Ireland were persuaded to join Europe, we were told it was good for the country, it would bring jobs & wealth to our country we were told! After that I seen farmers with empty fields, nothing being grown. I’ll always remember a farmer driving into his local town on a tractor & trailor & returning home with a bag of spuds & veg on the trailer! What a joke! & he was being paid for doing nothing!
    The new World wars are people being divided & the way people live, some people live from hand to mouth, there are others who eat peoples hardship for a living. The new poor in our country are the middle working class, who stuck their necks out 10 – 15 years ago to try & better themselves, they bought their own homes! The rest is history!! Why? Rich man poor man, The rich man bales out, the poor man pays the bill!

    1
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    Mute werejammin
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    Aug 2nd 2013, 7:17 PM

    “I’m all right Jack” O’Connor blathering on about austerity when he is perhaps the single most figure who enabled the government to break an ongoing pay agreement with 280,000 workers, most of whom earn less than the average industrial wage.

    Some more state board quangos lined up for you Jack?

    215
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    Mute Frank Jones
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    Aug 2nd 2013, 7:29 PM

    What quangos is Jack on?

    35
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    Mute Killjoy
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    Aug 2nd 2013, 7:40 PM

    There’s very little I agree with you on werejammin however I have to agree with you here. This man most certainly doesn’t represent the working classes of Ireland and this speech is just window dressing

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    Mute Steve Hardy
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    Aug 2nd 2013, 7:48 PM

    Ditto from me Killjoy

    40
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    Mute Derek Casserly
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    Aug 2nd 2013, 8:38 PM

    @werejammin
    Hate to burst your bubble, but can you name one quango jack oconnor is on??
    Listening to too many myths

    17
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    Mute Muriel Gowing
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    Aug 2nd 2013, 8:52 PM

    He’s on the quango hammer or jack hammer….

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    Mute Niall Kenny
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    Aug 2nd 2013, 9:58 PM

    Siptu

    23
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    Mute Gearóid O Machain
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    Aug 2nd 2013, 10:04 PM

    even the socilaist workers party have let the workers down. endless talking about revolution and yet they take summer holidays while the anglo tapes were still coming out!!

    41
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    Mute Robert Moore
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    Aug 2nd 2013, 11:41 PM

    What quangos??? Every one thats going!

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    Mute Anthony Connor
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    Aug 3rd 2013, 11:32 AM

    Frank your way our of touch if your defendicng Jack o Connor the man.should be hung on O’Connell at with Paul Bell and that harlet King beside him

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    Mute Matt Connolly
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    Aug 2nd 2013, 7:10 PM

    JOC – all you know of austerity is what you’ve been told. Should have just let your speech writer make the speech him/herself – it would be believable then. You are part of the problem, not the solution.

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    Mute Fagan
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    Aug 3rd 2013, 1:00 AM

    Jack o Connor doesn’t have a speech writer, what planet are you living on

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    Mute John Fagan
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    Aug 3rd 2013, 4:19 PM

    You mean he comes up with that s**t on his own. As a union leader he is a joke and he has let the government steamroll the working classes and all this while he pockets a salary of over €200,000. Hang your head in shame Jack and go.

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    Mute marcus de paor
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    Aug 2nd 2013, 7:15 PM

    A system perpetuated by the unholy trinity of lawyers, financial accountants and bankers and given legality by self serving, spineless politicians will only serve the interests of the wealthy and powerful. ..our so called democracy is just smoke and mirrors designed to mask the massive amounts of money being amassed by those at the top of the Capitalism pyramid. …..

    112
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    Mute Paul Roche
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    Aug 2nd 2013, 7:56 PM

    I have to say I stopped reading after “SIPTU President claims…” How can anybody take that man seriously?

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    Mute Tommy Gunz
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    Aug 2nd 2013, 8:12 PM

    What’s your beef with him? Are you anti union?

    15
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    Mute Paul Roche
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    Aug 2nd 2013, 10:57 PM

    I’m a member. I pay too much for the privilege of being able to criticise.

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    Mute Anthony Connor
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    Aug 3rd 2013, 11:34 AM

    Jack o Connor should be hung On O ‘Connell St with Paul Bell.and the harlet king besside him

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    Mute Elrat
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    Aug 2nd 2013, 7:30 PM

    Butt out Bearded Fool on your €150k salary !

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    Mute Duncan
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    Aug 2nd 2013, 7:40 PM

    That’s what’s crazy here. He’s on over€160k plus expenses !!!
    What does he know about working people. It’s the working people pay his fat salary. How about a bit of a cut yourself jack !!

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    Mute Frank Jones
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    Aug 2nd 2013, 7:59 PM

    Duncan, check your ‘facts’

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    Mute Derek Casserly
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    Aug 2nd 2013, 8:40 PM

    Another urban myth. He’s on nowhere near that salary. Public record

    12
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    Mute Gearóid O Machain
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    Aug 2nd 2013, 10:05 PM

    how much is a litre of petrol these days jack? or a litre of milk? or a pint? slice pan? get up the road you ball bag

    40
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    Mute Duncan
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    Aug 2nd 2013, 10:44 PM

    Frank you are so right !! My figures are way off. It’s actually €125,000 a year before expenses and bonuses.
    If you see him please tell him I’m so sorry!!! This guy is far removed from austerity and anyone with any sense can see this !!

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    Mute Duncan
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    Aug 2nd 2013, 10:47 PM

    Derek thanks for clearing that one up. You’re also right. His salary is €125000 before bonuses and expenses. So well done you for standing up for poor austerity stricken Jack !!

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    Mute Gerry Mccormack
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    Aug 3rd 2013, 12:15 AM

    That’s a lie Duncan. His salary is there for the public to see. Making up figures is wrong and might I add libellous. Take note Journal. He is not on any quangos or any boards what so ever. Criticise if you will but tell the truth.

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    Mute Duncan
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    Aug 3rd 2013, 12:25 AM

    Jerry irish independent printed in October 2009 that Jack o Connors salary was €124,895 !!
    What lie am I telling ??

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    Mute Frank Jones
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    Aug 3rd 2013, 12:32 AM

    The Irish Independents lies, or maybe their facts were correct 4 years ago

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    Mute Duncan
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    Aug 3rd 2013, 12:33 AM

    Jerry, irish independent printed in October 2009 that Jack o Connors salary was €124,895 !! And that is before expenses and bonuses.
    What lie am I telling ??
    If you want to defend then go ahead but you may want to check your own info !!

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    Mute Frank Jones
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    Aug 3rd 2013, 12:41 AM

    Wake up Bud, this is not 2009 but 2013, we all earned more in 2009. You’re the one talking about what JoC is earning now, not 4 years ago….. Do you have facts or ‘Indo Quotes’

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    Mute Duncan
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    Aug 3rd 2013, 12:43 AM

    Frank you’re very quick to point out how wrong everyone is. If so would you please clarify and say what the truth is here !

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    Mute Duncan
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    Aug 3rd 2013, 12:50 AM

    Frank give me a break. It’s one of the easiest things to find. It’s clear that his salary is €125k and he does get all the trimmings. What’s wrong with you ??

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    Mute Fagan
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    Aug 3rd 2013, 12:59 AM

    How much should he be paid? 40k? Good luck finding someone decent at that price.

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    Mute Frank Jones
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    Aug 3rd 2013, 1:05 AM

    His salary is high, much closer to 110k than 125k. He probably works 90 to 100 hours per week.

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    Mute Richard Keogh
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    Aug 3rd 2013, 1:38 AM

    Last year he confirmed it was €115k http://www.independent.ie/irish-news/im-alright-jack-union-chiefs-live-the-high-life-28812956.html which is still way too high. If he works 90 hours a week it doesn’t show, SIPTU is a disaster of a union and I’m a member. Just like the Civil Service it’s badly in need of the complete removal of the upper layers and start again with some young bloods who aren’t tainted by having their noses in the trough with politicians.

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    Mute Duncan
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    Aug 3rd 2013, 10:01 AM

    Is “probably 90 to 100 hours ” a guess or is it wild speculation with no foundation. I can’t quite figure why you’re as defensive. Only thing I can think of ( only speculation. ) you must also be on the siptu gravy train. Otherwise there is no logical explanation for your comments.

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    Mute Frank Jones
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    Aug 3rd 2013, 10:20 AM

    My view is more informed than quoting a 4 year old newspaper. I am proud to represent workers in this country, what do you work at Duncan?

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    Mute Frank Jones
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    Aug 3rd 2013, 10:31 AM

    Duncan, do you accept that the figures that you have provided are inaccurate?

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    Mute Hugh O Connell
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    Aug 3rd 2013, 11:07 AM

    Full of shit Jones you must be his best mate , what a lefty clown

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    Mute Frank Jones
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    Aug 3rd 2013, 11:18 AM

    Hugh, go on make something up, that’s what you do, you liar

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    Mute Anthony Connor
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    Aug 3rd 2013, 11:38 AM

    Frank Jack O Connor should be hung on O’Connell with Paul Bell and the Herlet King beside him. Union my ass there are no unions anymore

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    Mute Derek Casserly
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    Aug 3rd 2013, 11:42 AM

    Re check your facts. A few years back it was €1240000. He then voluntarily too a 10% pay cut. Followed by another. I have no problem with anyone, rich or poor who talks up for working class people. We should try and remember it was bankers and developers and a bank guarantee scheme that ruined this country.
    But hey, have a rant at the unions if it makes you feel better

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    Mute Duncan
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    Aug 3rd 2013, 2:18 PM

    Ive paid into siptu for years and that entitles me to say that whether its €115k or €124k it’s still way too much money. Because that money goes towards that salary. You frank say you represent the workers then that’s fantastic for you. If you read most of the comments here you’ll see that most of them come from “the working man”
    Whether its a merc coupe or another kind is not the point. Most people are not happy with their union representation and as representative that should be acknowledged.

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    Mute Kerry Blake
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    Aug 2nd 2013, 7:33 PM

    In fairness as a leader O’Connor is well past his sell buy date. Sold most of his members down the river a long time ago.

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    Mute joseph
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    Aug 2nd 2013, 8:06 PM

    The 1st day they cut my wages I left the union after 30 years gutless have done nothing for the people let the banks and the government walk all over us to thick with Bertie and his cohorts.

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    Mute Tommy Gunz
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    Aug 2nd 2013, 8:13 PM

    They negotiated disastrous pay rises for over a decade which left us one of the most uncompetitive places in the world to do business. We haemorrhaged real industry jobs over the past decade due to this. And now you’re saying you didn’t get enough pay rises?

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    Mute Fagan
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    Aug 3rd 2013, 1:03 AM

    One of the most uncompetitive places to do business?? Are you having a laugh? You’re talking about places like Mali, or Kazakstan.. Ireland is consistently ranked in the top ten in the world.

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    Mute rotund jocularity
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    Aug 2nd 2013, 7:12 PM

    More burped bluster from this clown.

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    Mute rodrigo detriano
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    Aug 2nd 2013, 7:50 PM

    How any worker wants to be a member of an organisation like SIPTU defies all common logic. They’re nothing more than a branch of the Sicilian Mafia.

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    Mute mick reynolds
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    Aug 2nd 2013, 7:40 PM

    The only thing I can say is that siptu are the biggest waste and biggest cause of unemployment in this county. I’m glad I left them so they won’t get my money to help fund their luxury lifestyle

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    Mute Derek Casserly
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    Aug 2nd 2013, 9:09 PM

    Biggest cause of unemployment?? So it wasn’t the bankers and speculators and the bank guarantee scheme that bankrupted the country and caused over 35000 to lose their jobs ?? Dopey me. It was the unions. Of course.

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    Mute Jack N Beanstalk
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    Aug 2nd 2013, 11:12 PM

    Yes it was the unions, and 10 years of benchmarking !,

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    Mute royston T justice
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    Aug 2nd 2013, 8:58 PM

    ..blah blah blah ..stand down Jack, your just a mouth piece! when there were many times for fighting this government & making a difference you hid under the table & whispered sweet nothing’s into the ears of your Labour Party masters!

    Your a contribution to this governments success!!

    In 2013, the anniversary of the great lock out Jim Larkin would turn in his grave with the shame of YOU & your pathetic organisation.. Go take your greedy over paid pension & fock off!!

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    Mute graham galvin
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    Aug 2nd 2013, 8:17 PM

    Read a great article on forbes today saying ireland needs to dump the euro in order to end the severe austerity we are currently experiencing.its the only solution & it needs to be done asap.

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    Mute Padriag O'Traged
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    Aug 2nd 2013, 8:33 PM

    What was the associated cost of dumping the euro? Upfront & projected? Cos it sure as shit won’t be free.

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    Mute Matt Connolly
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    Aug 2nd 2013, 10:25 PM

    It won’t be cheap, but a devalued irish currency would really help drive exports, and build from there.

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    Mute Desmond Farry
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    Aug 2nd 2013, 10:32 PM

    Back to the punt, link to the UK pound…and start living again. The current Euro/ £ rate is in the process of killing off yourg export recovery to your single largest customer …Bonkers!

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    Mute Jack N Beanstalk
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    Aug 2nd 2013, 11:15 PM

    Leaving the euro results in a 30 to 50 % pay cut in real terms for everybody! Plus a loss in savings and pensions!
    It will solve nothing! We will still need to pay our way in this world

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    Mute gingerman
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    Aug 2nd 2013, 7:36 PM

    All talk and no action. The Unions have played a key role in helping the race to the bottom. At least the business and political classes don’t pretend to give a monkeys anymore. The Unions are talking out of both sides of their mouths and saying nothing. Worse than useless

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    Mute Fagan
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    Aug 3rd 2013, 1:10 AM

    Talking through your hoop. The unions are the reason you have a nine to five working week, minimum wage, annual holidays. In the absence of unions how do you think these would have come about? The power differential between the unskilled worker and the corporate ensures your race to the bottom. There will always be someone willing to do your job, for less. In a context of unemployment and the absence of workers rights you will be paid nothing at all.

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    Mute Padriag O'Traged
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    Aug 2nd 2013, 8:15 PM

    The president of SIPTU can kiss my hole, represent your members and leave the stuff you have no mandate for to the grown ups. Also the 1970s called , they want their beard & suit back.

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    Mute Martin Jones
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    Aug 2nd 2013, 8:46 PM

    Siptu are a greedy corrupt organisation that has helped ruin this country

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    Mute simonjblake
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    Aug 2nd 2013, 8:01 PM

    O’Connor is a cancer.

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    Mute Sword of Damocles
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    Aug 2nd 2013, 8:30 PM

    A revolting excuse of a human being.

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    Mute Shane Hartnett
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    Aug 2nd 2013, 9:35 PM

    The union bosses in this country are bought and sold. The likes of O Connor on over a 100k a year plus a company car plus expenses is an insult to any trade unionist. Trade unions have lost their way,they are supposed to represent the worker.not themselves,,,,,,,,,,,,I’m allright Jack. f/off

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    Mute Bilbo Baggins
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    Aug 2nd 2013, 7:15 PM

    But sure Americans don’t particularly practice austerity, the tend to try and support their week regions to get them back performing as happened with Boston in the 90′s…

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    Mute Steve Hardy
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    Aug 2nd 2013, 7:18 PM

    I see what you are saying but I can’t agree, New Orleans is still a mess and Detroit is bankrupt

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    Mute Bilbo Baggins
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    Aug 2nd 2013, 10:15 PM

    Yeh , they certainly have no compassion for anything that doesn’t have a ‘buck’ in the future alright.

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    Mute Mike Hall
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    Aug 3rd 2013, 9:49 AM

    It’s a mixed picture on ‘Americanisation’.

    The US did apply some stimulus spending, albeit not enough to compensate for what was the biggest shock to GDP since 1929. But it did help limit unemployment & further contraction, clearly seen in the data.

    However, all the budget & gov debt hysteria since then has caused stagnation. Hysteria because the US is sovereign issuer of its (fiat, floating) currency. It can never go bankrupt (at national level). This fact also means bond vigilantism isn’t possible (unless the Fed allow it) – the Fed effectively sets interest rates for what is in reality a risk-free $ deposit facility for very large sums. When S&P ‘downgraded’ US Tsy bonds, interest rates actually went down, not up, and the US has similar Gov debt to GDP ratio as Ireland.

    But S&P’s absurd ‘downgrade’ of US debt illustrates perfectly what is so wrong with mainstream economics thinking & knowledge of the monetary system. It is pure ideological dogma bought and paid for over the last 30 or 40 years, effectively buying or capturing all the major academic institutions in the US which are dominant also in the global education of economists. (Don’t forget by far the biggest payer of economists salaries is the financial sector.)

    Think about that. One of the four massive international financial ratings & forecasting agencies – S&P – does not understand the monetary system or macro economics. It’s even worse tho’. Whilst S&P published the downgrade, all the rest talk in exactly the same terms & were themselves considering a debt downgrade notice.

    However, whilst the US is neo-liberal dogma central, it is Europe with the Euro currency that has gone one better in the denial of basic macro economics & understanding of the monetary system.

    In seeking to deny the role of government functions any differently to a household, the essential countercyclical role of Euro member country governments has been denied by design. Rather than the central bank (ECB or Fed) ensuring borrowing rates are held low when the economy goes into a downward cycle, the exact opposite happens in the Euro zone. The banking sector – bond vigilantese – get to profit gouge even higher interest rates & from the very countries that most need the finance to restore growth and jobs. Thus forcing governments to act only in a pro-cyclical ‘household’ fashion.

    Utterly stupid (but profitable for finance & the top few percent, surprise, surprise) and completely in denial of basic ‘Paradox of Thrift’ and ‘Fallacy of Composition’ +macro+ economic principles established 80 years ago. Principles that up until 30 years ago no economist would dare to refute.

    The results of this mess – the Euro structure with no counter cyclical facility – are here for all to see. A severe 6 year recession getting worse, not better & now affecting core countries like France & even Germany itself with anaemic growth. The ‘can’ has only been kicked past the September German elections when right wing neo liberal ideologue (or useful idiot – you choose) Merkel is likely to be elected provided Greece, Portgual, Spain, or Italy etc. does not have their next inevitable crisis before hand.

    But all of this arguably had one purpose. To deny the essential macro economic role of governments in order to crush the social democratic basis of Europe to further the class interests the greedy, wealthy top few percent
    have always had. Ownership (of everything) for them, everything ‘privatised’ for their profit, slave labour wages for the rest & government reduced to nothing more than police & military protecting their property (rentier) ‘rights’.

    Welcome to neo feudal Europe. Or back to some 19th century industrial slavery version of it.

    People like ‘more austerity’ Fiona Muldoon, John McHale & all the rest of the facilitators & apologists (who should know better) just make want to puke for their support of an utterly socio-pathic system in the Euro zone. Destroying in a decade the unity & social cohesion of Europe that took many times longer to build from the beginnings of the EU. (But they are part of the top few percent, so they could care less.)

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    Mute Padriag O'Traged
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    Aug 2nd 2013, 8:17 PM

    Also, I am a working person, don’t think
    for a second you represent me. Do your job for your Members. Quietly.

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    Mute Mike Reynolds
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    Aug 2nd 2013, 8:29 PM

    Well said. I agree strongly.

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    Mute Gearóid O Machain
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    Aug 2nd 2013, 9:59 PM

    jack failed to see the americanisation of europe before now is it?? pull the other one you smart fecker!! we know now that our country has been bending over for our yanky overlords since 1993 and more so of late with everything Edward Snowden has leaked from the NSA! everything from health “care” to insurance to economics has been become american bastardised versions of what they should be! JEBUS WEPT!!

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    Mute Jim Bohan
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    Aug 2nd 2013, 7:10 PM

    What would be so bad to move towards a more tolerant society?

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    Mute Ciaran Harford
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    Aug 2nd 2013, 7:17 PM

    I think we’re a bit too tolerant there Jim. Terrible governance, inept civil service, scroungers mooching everything they can get from taxpayers. Think it’s time we became a bit intolerant.

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    Mute Enola Straight
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    Aug 2nd 2013, 9:25 PM

    Well said Ciaran.

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    Mute Declan Murtagh Sr.
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    Aug 2nd 2013, 8:26 PM

    Says joke o conman

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    Mute Kellett Steve
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    Aug 2nd 2013, 8:21 PM

    i would probably believe him if he shaved ,i dont trust bearded men ,,,,james o reilly etc

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    Mute Chris Boyd
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    Aug 2nd 2013, 8:24 PM

    Welcomed comments although it would be after he sold out his members. Labour Party hack. Time to take back our unions! Get the forms to divest the political fund from the Labour Party and get the rest of the people in your branch to do the same.

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    Mute rotund jocularity
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    Aug 2nd 2013, 8:35 PM

    Lads youll make him cry with all these comments. Didnt you see how sensitive he was when vinny b spoke to him…

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    Mute Dylan Prendergast
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    Aug 2nd 2013, 10:02 PM

    Jack O’Connor is pure garbage. A total hypocrite on a massive amount every year who claims to understand the ordinary man. He could wipe his ar*e with 50 notes if he wanted !

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    Mute Audrey Cullen
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    Aug 2nd 2013, 8:55 PM

    What a mouthful ! who keeps these people in jobs ? way beyond his sell by date. Leadership is required in these times ?

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    Mute Muriel Gowing
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    Aug 2nd 2013, 8:49 PM

    What would Jack O’Connor know about austerity with the money he’s getting? Unions didn’t reduce dues in line with salary reduction, saying it was setting a bad example – Animal Farm comes to mind.

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    Mute Ryan Ash
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    Aug 2nd 2013, 9:08 PM

    So even through he rejects austerity, he still argues that there should be at least €2.1bn of it this year.

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    Mute Derek Durkin
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    Aug 2nd 2013, 9:33 PM

    Duh, only took u 5 years to suss that out. Muppet.

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    Mute John Flavin
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    Aug 2nd 2013, 9:04 PM

    what is it with us irish, every time somebody tries to defend the weakest section of our community every right wing thicko dipshit goes on a rant. why dont you follow your guru to newstalk.

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    Mute Martin Jones
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    Aug 2nd 2013, 9:12 PM

    The so called weakest are well looked after John. Social welfare is at crazy levels and has caused an influx of foreigners to do the jobs that our so called working class won’t do as they have it handy on the dole.

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    Mute Derek Casserly
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    Aug 2nd 2013, 9:12 PM

    Best and most sensible comment so far John.

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    Mute Liam Donohoe
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    Aug 2nd 2013, 9:13 PM

    Hear! Hear! Nowhere else to click their mouses onto on Friday evening John!

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    Mute Liam Donohoe
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    Aug 2nd 2013, 9:14 PM

    Complete and utter rubbish.

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    Mute Liam Donohoe
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    Aug 2nd 2013, 9:22 PM

    Martin please define ‘crazy’ levels of social welfare. Also, define ‘influx of foreigners’ and ‘so-called working class’. While you’re at it explain what you mean by ‘handy on the dole’. Take your time.

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    Mute Martin Jones
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    Aug 2nd 2013, 9:40 PM

    Crazy levels of social welfare refers to 40% of current government spending. Influx of foreigners refers to the fact that 20% of the population is now foreign born. So called working class refers to the fact that the majority of the working class population now refuse work as benefits are too high and they are better off on the dole. I’ve seen married men with kids turn down work as they say they have it handy on the scratcher

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    Mute Fagan
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    Aug 3rd 2013, 1:27 AM

    The comments here are unbelievably dense.

    It’s so frustrating to see dense working class people have a go at unions and parties that act in their own interests. Fools is the only word.

    The only people who get upset about Jack o Connors salary are people who earn substantially below that figure and are thus people he’s defending.

    I guess some people just don’t want to be helped. It’s a shame because some poor people do want to be helped, but they are betrayed by fools.

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    Mute Doc Benway
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    Aug 3rd 2013, 9:29 AM

    @ Martin, “the fact that the majority of the working class now refuse work” I would like to see the data on which this fact is established upon.
    With regard to the 20% of our pop. that are foreign born, I think you will find they came here during the boom, when all the so called working classes were busy working, and of course we all recognise that the bust was caused by all those working classes together with those foreigners buying houses.
    Besides we’re all Europeans now or don’t you remember those referenda about the free movement of people and goods around Europe?

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    Mute Frank Jones
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    Aug 2nd 2013, 7:20 PM

    Well said Jack

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    Mute Matt Connolly
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    Aug 2nd 2013, 7:34 PM

    Working late? In Liberty hall? on a Friday??? Bank Holiday weekend???!!!!

    oh yeah – you’ve got that money grubbing strike on Sunday. How do you manage to give support to the workers who need it least, and those who need it most can’t find you in their time of need?

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    Mute Tony Kennedy
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    Aug 2nd 2013, 9:51 PM

    While I think O’Connor is very late to offer leadership, I don’t understand why people think you have to be piss poor to represent the working class. There is nothing wrong with making as much money as you can. And if you want to help others do well for themselves also then fair play.

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    Mute Matt Connolly
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    Aug 3rd 2013, 12:35 AM

    But he has only managed to do half of what you speak of

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    Mute Duncan
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    Aug 3rd 2013, 10:07 AM

    Well said Tony

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    Mute Liam Donohoe
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    Aug 2nd 2013, 9:03 PM

    Interesting how few commenters above were able to debate the substance or pros and cons if any of the argument made, but more than able to play the man. Is it any wonder the country is in the state it’s in?

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    Mute Jim Farnan
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    Aug 2nd 2013, 10:49 PM

    I’m sorry to say Jack you point of view and speech are worthless . Throughout the boom years you sat down with the politicians and pretended you succeed in getting a fairer deal for all. This was only a smoke screen and you were rewarded with posisitions on quangos . Don’t come along now and try to insult the decent people of this country with you point of view This to me is smoke salmon socialism at it best. Go back and sit with the politicians , maybe they might understand your comments because I as a decent Irish person have not a clue where you are coming from .

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    Mute John Langan
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    Aug 2nd 2013, 11:08 PM

    Still waiting on the outcome of my appeal from Mandate from two years ago. Have to say there rep for the north west is a bully boy!!!! If you question him on what your rights are he goes of on one. Had to contact Mr no 2 in Mandate and he had to take everything back he said .

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    Mute Paddy Phipps
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    Aug 2nd 2013, 11:10 PM

    How much is Jack earning he looks like he could do with a hand out.

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    Mute Jeff behan
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    Aug 3rd 2013, 12:59 AM

    Why are beards mandatory with union reps ?

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    Mute Grainne Proctor
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    Aug 3rd 2013, 2:06 AM

    This is the man that sold out the last remnants of trade unionisim. Forced croke park onto the membership. Doesn’t deserve to have an opinion. Traitor to working class menn women.

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    Mute mick reynolds
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    Aug 3rd 2013, 8:33 AM

    They hide the shit that comes out of there mouths

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    Mute Paddy Voltaire
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    Aug 3rd 2013, 9:03 AM

    As a union member these union leaders or as i call them pseudo politicians make me sick…..they pontificate like left wingers then fall into bed with the most right wing govt in generations…how can he make a speech like this and then endorse CRoke Park 2 a instrument of Austerity…they are a shadow of larkin and connolly…need a change of leaders..

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    Mute Ronan Kennedy
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    Aug 3rd 2013, 12:26 AM

    Irish people are so thick

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    Mute mick reynolds
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    Aug 3rd 2013, 8:32 AM

    I take it your not irish

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    Mute Enda Story
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    Aug 2nd 2013, 11:26 PM

    Jack O Connor wants Russianisation of Ireland. Those on Govt/Union elite get the cream while private sector proletariat pay.

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    Mute Frank Jones
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    Aug 3rd 2013, 1:58 AM

    Wake up, join SIPTU

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    Mute Grainne Proctor
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    Aug 3rd 2013, 3:34 AM

    @ Enda We’re all paying. We had a spark of rebellion n Jack delivered us up for the slaughter. The union leaders forgot what their jobs were. Too easy to sit at the table with politicians all those years when times were good. Forgot or just ignored their mandate.

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    Mute Jason Bourne
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    Aug 3rd 2013, 12:12 AM

    No. Privately owned Central Banks who have the sole power to create, destroy and distribute fiat money like the ‘Federal’ Reserve Bank creates the Americanisation of Europe. Even though, Frankfurt started it first with the Rothschilds.

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    Mute Hugh O Connell
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    Aug 3rd 2013, 11:17 AM

    @Jokes Wake up and leave siptu and stop lining Jack “Irelands oldest boy racer ” O’connor s wallet and his cohorts who are all cardboard trade unionists your subs keep them in wages and jobs

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    Mute Shane Flynn
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    Aug 3rd 2013, 1:32 AM

    I do hate the sight of that clown. That guy is living in the 70′s and 80′s. Hate to tell you Jack that unions have helped wreck this country

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    Mute Joe Sixtwo
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    Aug 3rd 2013, 9:31 AM

    Nice watch, present from anyone we know?

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    Mute seamus
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    Aug 3rd 2013, 9:14 AM

    Jack Oconnor is he not the union leader most union members would like to be rid of

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    Mute Dwayne Jordan
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    Aug 3rd 2013, 5:42 PM

    O Connor hadnt much to say when the government came to take from the public sector again with croke park 2. Your time to speak has gone.

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    Mute Paul Fagan
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    Aug 4th 2013, 1:28 PM

    I dont think Mr. O Connor has anything to worry about
    Though his union represents many public service employees, his trade union is not a public service body – it is part of the private sector. therefore he has not been affected in the least by any of the Croke Park/ Haddington Road austerity cuts

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    Mute Graham Crosbie
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    Aug 3rd 2013, 11:30 AM

    Jack o Connor you are a traitor a disgusting man

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    Mute shane buckley
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    Aug 3rd 2013, 12:09 PM

    Unions had a place 100 years ago when people were highly abused by employers now they are a leeches , they couldnt give a f#ck about workers , lining their own pockets is priority , I know this from experience

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