‘Three Strikes’ Rule Not Decided – Vodafone

Business and Leadership Ltd.

Vodafone has said that while it is in discussions with music rights holders, it is still too early to confirm that it will implement the ‘three strikes and you’re out’ rule as applied by Eircom against illegal file-sharers. Vodafone, which took over the running of BT’s unbundled local loop (LLU) DSL network in Ireland last year, making it the second largest ISP in the country, told siliconrepublic.com that discussions with IRMA have indeed started. “It is too early to speculate the outcome,” a spokesperson for Vodafone said. “We’re engaged in discussions with IRMA, and we’re looking forward to a broader discussion. We are acknowledging in principal the concerns raised by…

Read More

Nike’s World Cup ad breaks viral record

Business and Leadership Ltd.

Nike has broken its own record for most watched viral ad in its first week of release, with its World Cup commercial ‘Write the Future’ clocking up more than 7.8m views in the first seven days of the campaign. The previous record – with 6.3m views in its first week – was Nike’s ‘Earl and Tiger’. The new ad was created by Wieden + Kennedy London and directed by Alejandro Gonzále Iñárritu, whose film directing credits include Babel and 21 Grams. Starring a host of top football stars, including Wayne Rooney, Didier Drogba, Ronaldinho, Christiano Ronaldo, and Franck Ribery, it shows the life changing effects a split second on the…

Read More

Innovation will be central to boosting growth – OECD

Business and Leadership Ltd.

Knowledge is the main driver of today’s global economy and countries need to harness innovation and entrepreneurship to boost growth and employment, the OECD has said. The Paris-based organization said in its Innovation Strategy that innovation will be key to a sustainable rise in living standards in OECD countries. According to the strategy, governments have a key role to play to boost innovation as some essential research often attracts little private-sector support. The OECD also said that the current economic crisis makes it even more necessary to push through reforms: “Governments battling to get their economies onto a sustainable growth path need to reduce administrative hurdles for new and existing…

Read More

Dire Predictions for Irish Economy

Business and Leadership Ltd.

Two recent analyses of Ireland’s economic situation have made for sobering reading. Writing in the Irish Times on Saturday under the headline ‘Burden of Irish debt could yet eclipse that of Greece’, UCD economist Morgan Kelly said that unless the Government abandoned the bank bailout, the country faces bankruptcy. Kelly, who correctly predicted the bust several years ago, said in his article that on the face of it Ireland’s debt position does not appear “catastrophic.” However, when the costs of the bank bailout are factored in the national debt could hit 115pc of GDP by 2015, “if we are lucky.” He warned that in the face of a borrowing crisis on the…

Read More

Lady Gaga, Banksy make Time’s Most Influential list

Business and Leadership Ltd.

The pop star Lady Gaga and graffiti artist Banksy have made Time magazine’s list of the World’s Most Influential People. The two are included in the Artists section out of the top 100 line-ups of influential people . Other influential artists include Oprah Winfrey, Oscar-winning director Kathryn Bigelow, star of the Twilight movies Robert Pattinson, Ashton Kutcher, Prince, entertainment mogul Simon Cowell, Sandra Bullock, and director James Cameron. Lady Gaga (pictured), we are told by Cyndi Lauper, isn’t a pop act but rather a performance artist with an incredible pop sensibility. Meanwhile, Shepard Fairey, the creator of the 2008 Obama Hope poster, lauds Banksy’s particular gift: “An ability to make almost anyone…

Read More

George Lee to Return to Public Stage in UL Lecture

Business and Leadership Ltd.

Former Fine Gael TD George Lee is set to make his return to the public stage tomorrow when he speaks at a seminar in the University of Limerick. The former RTE economics editor was elected to as a TD in Dublin-South after topping the poll in a by-election last summer. However, in a move which prompted a massive media storm he quit politics nine months later, saying that he had had “virtually no influence or input into shaping Fine Gael’s economic policies at this most critical time”. According to the University of Limerick, in his speech Lee will call for a lowering of corporation tax to 10pc to attract inward…

Read More

OECD hails Portugal’s austerity measures

Business and Leadership Ltd.

The Organisation for Economic Co-operation and Development (OECD) has hailed the austerity measures announced by Portugal to bring its budget deficit back in line with European Commission rules, saying they will help to support the country’s growth. The Portuguese Government released a fiscal consolidation plan earlier this week through which it aims to bring the country’s budget deficit to 2.8pc of GDP by 2013 from its current level of 9.3pc of GDP. The measures being adopted include spending cuts, such as social-welfare cuts and a reduction in public-sector job creation, and tax rises, including the introduction of a new rate of 45pc tax rate for those earning over €150,000 annually. The…

Read More

Portugal joins Greece in austerity measures

Business and Leadership Ltd.

Portugal has joined Greece in announcing a series of austerity measures aimed at cutting its level of public debt. Portugal’s finance minister Fernando Teixeira dos Santos (pictured) made the announcement today as the country attempts to head off a debt crisis similar to that currently swamping Greece. The austerity measures proposed include social-welfare cuts and a reduction in public-sector job creation. Teixeira dos Santos also intends introducing a new rate of 45pc tax rate for those earning over €150,000 annually. The measures are aimed at reducing Portugal’s budget deficit from 8.3pc of gross domestic product (GDP) to 2.8pc of GDP. Of course, while such a budget deficit is nowhere near…

Read More

Royal Bank of Scotland cuts 200 Irish IT jobs

Business and Leadership Ltd.

More than 200 IT jobs are to be cut by Royal Bank of Scotland (RBS) across the Republic and Northern Ireland. RBS, which trades as Ulster Bank in Ireland, is closing its IT support offices across Ireland. Some 196 IT support staff at the bank’s IT support office at Parkgate Street in Dublin and a further 25 at its office in Belfast were told of the redundancies this morning. Some of the jobs are due to be transferred to the UK.

Read More

Green R&D; in Ireland – An Overview

Green Energy in Ireland

Green Energy in Ireland With so much happening in the green-energy research field in our third-level institutions, Ireland is genuinely staking its claim as the home for green tech. Carmel Doyle reports With the race on to progress Ireland’s green-energy portfolio to meet our 2020 energy targets and to create a cleaner, smarter economy. An increasing array of researchers in universities and institutes of technology (ITs) around the island are focusing on the renewable energy space to harness Ireland’s wave, wind, solar and bioenergy resources. Professor Fionn Murtagh, director of information, communications and emergent technologies at Science Foundation Ireland (SFI) , says there is a lot of awareness of the potential of green-energy research…

Read More