Anglo Irish Bank Corporation Bill 2009
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Anglo Irish Bank Corporation Bill 2009
The Anglo Irish Bank Corporation Act 2009 is a piece of emergency legislation composed by the Irish government in January 2009. The Act provides for the emergency nationalisation of Anglo Irish Bank which had been subject to a controversy regarding hidden loans in December 2008. It was approved in the Dáil by a vote of 79 to 67, before passing in the Seanad without a vote on 20 January 2009. It was then signed by President Mary McAleese on 21 January 2009. The bank's shares had decreased dramatically on the stock exchange in previous days. At the time of its nationalisation, Anglo Irish Bank had 7,000 loan customers, of whom 5,000 were Irish. Background Oireachtas debates The bill passed through the Oireachtas on 20–21 January 2009. Dáil debate The debate in Dáil Éireann lasted five hours and the bill was passed by 79 to 67. Opposition parties Fine Gael and Labour both voted against the legislation, citing a lack of clarity in the Government's proposals. Labour TD Pa ...
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Oireachtas
The Oireachtas (, ), sometimes referred to as Oireachtas Éireann, is the Bicameralism, bicameral parliament of Republic of Ireland, Ireland. The Oireachtas consists of: *The President of Ireland *The bicameralism, two houses of the Oireachtas ( ga, Tithe an Oireachtais): **Dáil Éireann (lower house) **Seanad Éireann (upper house) The houses of the Oireachtas sit in Leinster House in Dublin, an eighteenth-century Duke, ducal palace. The directly elected Dáil is by far the more powerful branch of the Oireachtas. Etymology The word comes from the Irish language, Irish word / ("deliberative assembly of freemen; assembled freemen; assembly, gathering; patrimony, territory"), ultimately from the word ("freeman"). Its first recorded use as the name of a legislative body was within the Irish Free State. Composition Dáil Éireann, the lower house, is directly elected under universal suffrage of all Irish citizens who are residents and at least eighteen years old. An election i ...
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Pat Rabbitte
Pat Rabbitte (born 18 May 1949) is an Irish former Labour Party politician who served as Minister for Communications, Energy and Natural Resources from 2011 to 2014, Leader of the Labour Party from 2002 to 2007 and a Minister of State from 1994 to 1997. He served as a Teachta Dála (TD) for the Dublin South-West constituency from 1989 to 2016. Early life Patrick Rabbitte was born near Claremorris in 1949, and was brought up in Woodstock, Ballindine, County Mayo. He was educated locally at St Colman's College, Claremorris before emigrating to Britain to find employment. He returned shortly afterward to attend University College Galway (UCG) where he studied Arts and Law. Whilst at university, Rabbitte became involved in several college movements before serving as President of the UCG Students' Union in 1970–1971. He achieved national attention while serving, between 1972 and 1974, as President of the national Union of Students in Ireland (USI). Following the completion of hi ...
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Post-2008 Irish Economic Downturn
The post-2008 Irish economic downturn in the Republic of Ireland, coincided with a series of banking scandals, followed the 1990s and 2000s Celtic Tiger period of rapid real economic growth fuelled by foreign direct investment, a subsequent property bubble which rendered the real economy uncompetitive, and an expansion in bank lending in the early 2000s. An initial slowdown in economic growth amid the international financial crisis of 2007–2008 greatly intensified in late 2008 and the country fell into recession for the first time since the 1980s. Emigration, as did unemployment (particularly in the construction sector), escalated to levels not seen since that decade. The Irish Stock Exchange (ISEQ) general index, which reached a peak of 10,000 points briefly in April 2007, fell to 1,987 points—a 14-year low—on 24 February 2009 (the last time it was under 2,000 being mid-1995). In September 2008, the Irish government—a Fianna Fáil–Green coalition—officially acknowl ...
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2009 In Irish Politics
9 (nine) is the natural number following and preceding . Evolution of the Arabic digit In the beginning, various Indians wrote a digit 9 similar in shape to the modern closing question mark without the bottom dot. The Kshatrapa, Andhra and Gupta started curving the bottom vertical line coming up with a -look-alike. The Nagari continued the bottom stroke to make a circle and enclose the 3-look-alike, in much the same way that the sign @ encircles a lowercase ''a''. As time went on, the enclosing circle became bigger and its line continued beyond the circle downwards, as the 3-look-alike became smaller. Soon, all that was left of the 3-look-alike was a squiggle. The Arabs simply connected that squiggle to the downward stroke at the middle and subsequent European change was purely cosmetic. While the shape of the glyph for the digit 9 has an ascender in most modern typefaces, in typefaces with text figures the character usually has a descender, as, for example, in . The mod ...
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Joe O'Toole
Joseph John O'Toole (born 20 July 1947) is a former Irish independent politician, who was a member of Seanad Éireann from 1987 to 2011. He was born and brought up in Dingle, County Kerry, O'Toole was a teacher for ten years and then a school principal in County Dublin. From 1990 to 2001, he was appointed General Secretary of the Irish National Teachers' Organisation (INTO), and from 2001 to 2003, he was President of the Irish Congress of Trade Unions (ICTU). He lives in Kilsallaghan, County Dublin. He was first elected to the 18th Seanad in 1987 for the National University A national university is mainly a university created or managed by a government, but which may also at the same time operate autonomously without direct control by the state. Some national universities are associated with national cultural or po ... (NUI) constituency, and was re-elected by the same constituency at each subsequent election until he retired from politics at the 2011 Seanad election. In t ...
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Independent (politician)
An independent or non-partisan politician is a politician not affiliated with any political party or bureaucratic association. There are numerous reasons why someone may stand for office as an independent. Some politicians have political views that do not align with the platforms of any political party, and therefore choose not to affiliate with them. Some independent politicians may be associated with a party, perhaps as former members of it, or else have views that align with it, but choose not to stand in its name, or are unable to do so because the party in question has selected another candidate. Others may belong to or support a political party at the national level but believe they should not formally represent it (and thus be subject to its policies) at another level. In running for public office, independents sometimes choose to form a party or alliance with other independents, and may formally register their party or alliance. Even where the word "independent" is used, s ...
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Emergency General Meeting
An extraordinary general meeting, commonly abbreviated as EGM, is a meeting of members of an organisation, shareholders of a company, or employees of an official body that occurs at an irregular time.' The term is usually used where the group would ordinarily hold an annual general meeting (AGM) but where an issue arises that requires the input of the entire membership and is too serious or urgent to wait until the next AGM. Members and/or shareholders must be informed of the purpose of the EGM so that they may attend in a position where they can discuss and exercise intelligent judgment, or else any resolutions passed are invalid.'''' Procedure Before the EGM the board of the organisation will have agreed upon one or more resolutions that will be put to the shareholders or members for approval at the EGM. The wording of the resolution is sent to the shareholders with a note about its importance. The theory is that the board has a better knowledge of the situation, and the resol ...
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Shane Ross
Shane Peter Nathaniel Ross (born 11 July 1949) is a former Irish Independent politician who served as Minister for Transport, Tourism and Sport from May 2016 to June 2020. He was a Teachta Dála (TD) for the Dublin Rathdown constituency from 2016 to 2020, and previously from 2011 to 2016 for the Dublin South constituency. He was a member of Seanad Éireann for the Dublin University from 1981 to 2011, until his election to Dáil Éireann at the 2011 general election. He is a former business editor of the '' Sunday Independent''. He was a Fine Gael Wicklow County Councillor, and a one-time Fine Gael general election candidate in the Wicklow constituency. In the 31st Dáil he was a member of the Dáil Public Accounts Committee. He co-founded the Independent Alliance with Michael Fitzmaurice in 2015. He was re-elected to the 32nd Dáil, and subsequently appointed by Taoiseach Enda Kenny as Minister for Transport, Tourism and Sport in May 2016. Early life and career Shane R ...
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Irish Independent
The ''Irish Independent'' is an Irish daily newspaper and online publication which is owned by Independent News & Media (INM), a subsidiary of Mediahuis. The newspaper version often includes glossy magazines. Traditionally a broadsheet newspaper, it introduced an additional compact size in 2004. Further, in December 2012 (following billionaire Denis O'Brien's takeover) it was announced that the newspaper would become compact only. History Murphy and family (1905–1973) The ''Irish Independent'' was formed in 1905 as the direct successor to ''The Irish Daily Independent and Daily Nation'', an 1890s' pro-Parnellite newspaper. It was launched by William Martin Murphy, a controversial Irish nationalist businessman, staunch anti-Parnellite and fellow townsman of Parnell's most venomous opponent, Timothy Michael Healy from Bantry. The first issue of the ''Irish Independent'', published 2 January 1905, was marked as "Vol. 14. No. 1". During the 1913 Lockout of workers, in ...
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Irish Examiner
The ''Irish Examiner'', formerly ''The Cork Examiner'' and then ''The Examiner'', is an Irish national daily newspaper which primarily circulates in the Munster region surrounding its base in Cork, though it is available throughout the country. History 19th and early 20th centuries The paper was founded by John Francis Maguire under the title ''The Cork Examiner'' in 1841 in support of the Catholic Emancipation and tenant rights work of Daniel O'Connell. Historical copies of ''The Cork Examiner'', dating back to 1841, are available to search and view in digitised form at the Irish Newspaper Archives website and British Newspaper Archive. During the Irish War of Independence and Irish Civil War, the ''Cork Examiner'' (along with other nationalist newspapers) was subject to censorship and suppression. At the time of the Spanish Civil War, the ''Cork Examiner'' reportedly took a strongly pro-Franco tone in its coverage of the conflict. As of the early to mid-20th century, th ...
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Sunday Tribune
The ''Sunday Tribune'' was an Irish Sunday broadsheet newspaper published by Tribune Newspapers plc. It was edited in its final years by Nóirín Hegarty, who changed both the tone and the physical format of the newspaper from broadsheet to tabloid. Previous editors were Conor Brady, Vincent Browne, Peter Murtagh, Matt Cooper and Paddy Murray. The ''Sunday Tribune'' was founded in 1980, closed in 1982, relaunched in 1983 and entered receivership in February 2011 after which it ceased to trade. Foundation, collapse and first relaunch The newspaper was founded in 1980 by John Mulcahy as a tabloid with Conor Brady (later editor of ''The Irish Times'') as its first editor. The format changed to broadsheet with the addition of a colour supplement magazine after the first year. It was moderately successful but its growing financial stability (it had not yet made a profit but was moving in that direction) was undermined when its then owner, Hugh McLaughlin, launched the financiall ...
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Bank Of Ireland
Bank of Ireland Group plc ( ga, Banc na hÉireann) is a commercial bank operation in Ireland and one of the traditional Big Four Irish banks. Historically the premier banking organisation in Ireland, the Bank occupies a unique position in Irish banking history. At the core of the modern-day group is the old Governor and Company of the Bank of Ireland, the ancient institution established by Royal Charter in 1783. History Bank of Ireland is the oldest bank in continuous operation (apart from closures due to bank strikes in 1950, 1966, 1970, and 1976) in Ireland. In 1781, the Bank of Ireland Act was passed by the Parliament of Ireland, establishing Bank of Ireland. On 25 June 1783, Bank of Ireland opened for business at Mary's Abbey in a private house previously owned by one Charles Blakeney. On 6 June 1808, Bank of Ireland moved to 2 College Green. In 1864, Bank of Ireland paid its first interest on deposits. In 1926, Bank of Ireland took control of the National Land Bank. I ...
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