Railroading capital spending..

IScreenshot 2014-08-30 07.35.11nfrastructure investment is a huge business. Worldwide there are estimates that upwards of a trillion dollars extra per annum are required in investment in water, power, sewerage etc. Total global infrastructure needs are estimated to be of the order of $60tr over the next couple of decades.  The changing regulatory environment, combined with weaker banking systems, and the need to find attractive returns for pension funds are also combining to make financing of infrastructure more complex and involving more partners. Globally infrastructure has been a good bet for investors. Infrastructure and related indices are consistent outperformers over equity and bonds. So what does all this have to do with Ireland ? Continue reading

What Lies, beneath. Civil and public service pay, again.

So, public sector pay is back on the radar. The publication by the CSO of the recent public/private sector pay comparisons has given rise to the usual outpourings from the organs of media billionaires. The facts on the face of it seem stark : see the graph. However, beyond the bilious soundbits of bitter hacks, a different, complex, story emerges. That there is a wedge, whereby public sector pay is on average greater than private, is a fact. The issue is why : some may simply think it to be capture of the coffers, others might note that one is comparing apples and tomatoes.  

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Five economics lessons for the Leaving Certificate

With the leaving cert results out and students awaiting CAO offers, we might wish to consider again some of the problems of the second level system, and in particular how basic economic principles can aid us towards a solution. Too much discussion on reform revolves into micro discussion of whether we should have compulsory Irish or replace it with compulsory C++ training. We display educational opsablepsia with regards to our own educational system and need to face its problems.

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