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The Other Hand
'I didn't leave Fine Gael, they left me'. In conversation with leading journalist Sarah Carey
Leading journalist Sarah Carey talks to Jim and Chris about Leo Varadkar's departure and Simon Harris' accession.
'Harris needs to be much more than a good communicator'. The big test, one of many, will be his choice of cabinet. That will signal whether genuine change is on the way. 'The reshuffle will tell us if Harris is serious'
Will any exiting FG TDs be tempted back?
Why are so many voices of the centre so scared to speak up?
Why do 'progressives' oppose building anything?
Harris should ban his party from social media.
Mainstream media ( we are looking at you Fintan and Una) is as responsible as Sinn Fein for painting Ireland as a failed state. All of the evidence, with full acknowledgement of all of the problems, shows emphatically that Ireland is the opposite of a dystopian hell hole.
Sinn Fein have peaked. The electorate is waking up to the fact that they offer slogan without solutions.
The ones to watch are the independents. Maybe some of them should be tempted into government via ministerial appointments - but only if they join the Party.
Politicians take all of the blame and none of the credit. It's a cruel and thankless gig. Maybe FG need a spell in opposition?
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What will the next generation think of us? Taking the other side of IMF forecast bets.
31:29The Irish government has released its latest assessment of where the economy is heading. It looks like. a forlorn attempt to dampen expectations ahead of another giveaway budget in a few months time. The last before the general election.The golden goose will someday stop laying its eggs. What will future generations think of us, what we did the largesses generously donated by the multinational tax boom? Will we be 'grateful Norwegians', now rich because they saved their windfall taxes (from oil). Or will we resemble the 'morose British' who blew all their windfall oil taxes on what?Is there much more capacity for extra housebuilding than is conventionally thought?Will house prices ever fall to 'affordable' levels, even with extra supply. Or were houses just 'the wrong price' a generation ago?Chris takes the other side of the IMF forecast bets: we are approaching peak short term growth optimism and the IMF is way too pessimistic about the medium term At least Ireland has a fiscal debate grounded in arithmetic. The UK's fiscal conversation is total hokum.And all the latest economic data
Will Ireland go Dutch? Prolonged coalition negotiations likely if no party gets more than 30% of the GE vote.
31:28Latest opinion polls - and a bit of political crystal ball gazing - points to no one party getting more than 30% of the vote at the upcoming Irish general election.Why is that and what might it mean? Will Ireland 'Go Dutch' (or Belgian...)? Are we in for weeks or even months of prolonged coalition negotiations?The deteriorating geopolitical situation might give voters pause for thought about the sort of politicians they want. As talk of WW3 gets louder, will Ireland want to be led by SF?What is for sure is that SF policies will be subject to forensic scrutiny - unlike last time.Ban Tik Tok? Chinese Communist Party or Elon Musk - who is the better owner of social media companies?
Irish reunification: the costs and other issues - many that haven't even been thought about
49:20Professor Edgar Morgenroth has recently published a joint paper with professor John Fitzgerald that takes a deep dive into the potential costs of Irish reunification.We talk to Edgar about his work. We look at lessons from german reunification and the asumptions behind his estimates that it could cost the Irish taxpayer a lot of money. And a lot of sweat and tears.Planning will be essential. Bad outcomes after ill thought out referendums have historical precedent. Brexit for instance.
Inflation falls again. But interest rates cut hopes fade. World economy fails to land - takes off instead.
31:48Irish and Eurozone inflation falls again - what is the ECB waiting for?In the US, the super soaraway economy is dashing hopes of quick rate cuts . Perhaps any rate cuts. We need to remind ourselves that this is a good thing. Will the earthquake in Taiwan create another supply shock? We think not but it is worth watching. So are oil prices worth close monitoring.Preparing for war on islands just off Taiwan.Is the EV craze cresting?Why do some US Republicans believe anything that Putin says?We look at the history of civilian casualties during wartime.
Is free trade always and everywhere a good thing? Get ready for the 2nd China shock - the first one gave us Trump, Brexit and the populist plague
36:15One of the first thing that economists are taught is the Free Trade is a Good Thing. One thing that economists don't speak too much about is that free trade creates both winners and losers. Arguably, not nearly enough attention has been paid to the losers.Whether or free trade is always a net positive depends on many factors. And the alternatives to free trade - the choices made by politicians about things like protectionism - can be even worse. That said, China's accession to the World Trade Organisation was a huge shock and wiped out huge swathes of manufacturing industry and jobs throughout the developed world. Too much too soon seems have been the case. Those left behind communities became the hunting ground for Trump, Brexiteers and populists. They stil are - and there is a distinct possibility of a second China shock coming our way. What will be the results this time?Irish SMEs complain about government inspired costs and regulatory burdens. Are they right to moan? A lot of SMEs are either failing or in danger of going bust.Interest rates: the new normal isn't too far away from where they are now. Discuss.