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David McWilliams (economist)
David McWilliams (born 1966) is an Irish economist, writer, and journalist. McWilliams initially worked as an economist with the Central Bank of Ireland, UBS bank and the Banque Nationale de Paris. Since 1999, he has been a broadcaster, writer, economic commentator and documentary-maker. He has written five books, '' The Pope's Children '', ''The Generation Game'', ''Follow the Money'', ''The Good Room'' and ''Renaissance Nation'', and written regular columns for the Irish Times and Irish Independent. McWilliams has a reputation for explaining economic ideas with memorable phrases or stock characters, most famously "breakfast roll man". Life and career Early and private life McWilliams was born in Dún Laoghaire in 1966 and was raised in Windsor Park, Monkstown, Dublin. His father, of Scottish descent, worked in a chemical and paint factory. His Cork-born mother was a teacher. He is married to Sian Smyth, a former corporate lawyer, who is from near Belfast. They live i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dún Laoghaire
Dún Laoghaire ( , ) is a suburban coastal town in Dublin in Ireland. It is the administrative centre of Dún Laoghaire–Rathdown. The town was built following the 1816 legislation that allowed the building of a major port to serve Dublin. It was known as Dunleary until it was renamed Kingstown in honour of King George IV's 1821 visit, and in 1920 was given its present name, the original Irish form of Dunleary. Over time, the town became a residential location, a seaside resort and the terminus of Ireland's first railway. Toponymy The town's name means "fort of Laoghaire". This refers to Lóegaire mac Néill (modern spelling: Laoghaire Mac Néill), a 5th century High King of Ireland, who chose the site as a sea base from which to carry out raids on Britain and Gaul. Traces of fortifications from that time have been found on the coast, and some of the stone is kept in the Maritime Museum. The name is officially spelt Dún Laoghaire in modern Irish orthography; sometime ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Scottish People
The Scots ( sco, Scots Fowk; gd, Albannaich) are an ethnic group and nation native to Scotland. Historically, they emerged in the early Middle Ages from an amalgamation of two Celtic-speaking peoples, the Picts and Gaels, who founded the Kingdom of Scotland (or ''Alba'') in the 9th century. In the following two centuries, the Celtic-speaking Cumbrians of Strathclyde and the Germanic-speaking Angles of north Northumbria became part of Scotland. In the High Middle Ages, during the 12th-century Davidian Revolution, small numbers of Norman nobles migrated to the Lowlands. In the 13th century, the Norse-Gaels of the Western Isles became part of Scotland, followed by the Norse of the Northern Isles in the 15th century. In modern usage, "Scottish people" or "Scots" refers to anyone whose linguistic, cultural, family ancestral or genetic origins are from Scotland. The Latin word ''Scoti'' originally referred to the Gaels, but came to describe all inhabitants of Scotland. Cons ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Thailand
Thailand ( ), historically known as Siam () and officially the Kingdom of Thailand, is a country in Southeast Asia, located at the centre of the Indochinese Peninsula, spanning , with a population of almost 70 million. The country is bordered to the north by Myanmar and Laos, to the east by Laos and Cambodia, to the south by the Gulf of Thailand and Malaysia, and to the west by the Andaman Sea and the extremity of Myanmar. Thailand also shares maritime borders with Vietnam to the southeast, and Indonesia and India to the southwest. Bangkok is the nation's capital and largest city. Tai peoples migrated from southwestern China to mainland Southeast Asia from the 11th century. Indianised kingdoms such as the Mon, Khmer Empire and Malay states ruled the region, competing with Thai states such as the Kingdoms of Ngoenyang, Sukhothai, Lan Na and Ayutthaya, which also rivalled each other. European contact began in 1511 with a Portuguese diplomatic mission to Ayutthaya, w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Boston
Boston (), officially the City of Boston, is the state capital and most populous city of the Commonwealth of Massachusetts, as well as the cultural and financial center of the New England region of the United States. It is the 24th- most populous city in the country. The city boundaries encompass an area of about and a population of 675,647 as of 2020. It is the seat of Suffolk County (although the county government was disbanded on July 1, 1999). The city is the economic and cultural anchor of a substantially larger metropolitan area known as Greater Boston, a metropolitan statistical area (MSA) home to a census-estimated 4.8 million people in 2016 and ranking as the tenth-largest MSA in the country. A broader combined statistical area (CSA), generally corresponding to the commuting area and including Providence, Rhode Island, is home to approximately 8.2 million people, making it the sixth most populous in the United States. Boston is one of the oldest ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Bubble
An economic bubble (also called a speculative bubble or a financial bubble) is a period when current asset prices greatly exceed their intrinsic valuation, being the valuation that the underlying long-term fundamentals justify. Bubbles can be caused by overly optimistic projections about the scale and sustainability of growth (e.g. dot-com bubble), and/or by the belief that intrinsic valuation is no longer relevant when making an investment (e.g. Tulip mania). They have appeared in most asset classes, including equities (e.g. Roaring Twenties), commodities (e.g. Uranium bubble), real estate (e.g. 2000s US housing bubble), and even esoteric assets (e.g. Cryptocurrency bubble). Bubbles usually form as a result of either excess liquidity in markets, and/or changed investor psychology. Large multi-asset bubbles (e.g. 1980s Japanese asset bubble and the 2020–21 Everything bubble), are attributed to central banking liquidity (e.g. overuse of the Fed put). In the early stages o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Charles Haughey
Charles James Haughey (; 16 September 1925 – 13 June 2006) was an Irish Fianna Fáil politician who served as Taoiseach on three occasions – 1979 to 1981, March to December 1982 and 1987 to 1992. He was also Minister for the Gaeltacht from 1987 to 1992, Leader of the Opposition from 1981 to 1982 and 1982 to 1987, Leader of Fianna Fáil from 1979 to 1992, Minister for Social Welfare and for Health from 1977 to 1979, Minister for Finance from 1966 to 1970, Minister for Agriculture from 1964 to 1966, Minister for Justice from 1961 to 1964 and Parliamentary Secretary to the Minister for Justice from 1959 to 1961. He served as a Teachta Dála (TD) from 1957 to 1992. Haughey was first elected to Dáil Éireann as a Fianna Fáil TD in 1957 and was re-elected at every election until 1992, representing successively the Dublin North-East, Dublin Artane and Dublin North-Central constituencies. Haughey was the dominant Irish politician of his generation, as well as the most c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tiger Economy
A tiger economy is the economy of a country which undergoes rapid economic growth, usually accompanied by an increase in the standard of living. The term was originally used for the Four Asian Tigers (South Korea, Taiwan, Hong Kong, and Singapore) as tigers are important in Asian symbolism, which also inspired the Tiger Cub Economies (Indonesia, Malaysia, Thailand, Vietnam and the Philippines). The Asian Tigers also inspired other economies later on; the Anatolian Tigers (certain cities in Turkey) in the 1980s, the Gulf Tiger (Dubai) in the 1990s, the Celtic Tiger (Republic of Ireland) in 1995–2000, the Baltic tigers ( Baltic states) in 2000–2007, and the Tatra Tiger (Slovakia) in 2002–2007. In the 1960s, the Philippines, Sri Lanka and Myanmar were considered as the "Tiger of Asia" Economies as all three countries were experiencing high growth. Internal issues however led to the economies of all three countries to falter. Israel's rapid economic growth in the 1990s, and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Celtic Tiger
The "Celtic Tiger" ( ga, An Tíogar Ceilteach) is a term referring to the economy of the Republic of Ireland, economy of Ireland from the mid-1990s to the late 2000s, a period of rapid real economic growth fuelled by foreign direct investment. The boom was dampened by a subsequent property bubble which resulted in a severe economic downturn. At the start of the 1990s, Ireland was a relatively poor country by Western European standards, with high poverty, high unemployment, inflation, and low economic growth. The Irish economy expanded at an average rate of 9.4% between 1995 and 2000, and continued to grow at an average rate of 5.9% during the following decade until 2008, when it Post-2008 Irish economic downturn, fell into recession. Ireland's rapid economic growth has been described as a rare example of a Western country matching the growth of East Asian nations, i.e. the 'Four Asian Tigers'. The economy underwent a dramatic reversal from 2008, hit hard by the Financial crisi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Black Wednesday
Black Wednesday (or the 1992 Sterling crisis) occurred on 16 September 1992 when the UK Government was forced to withdraw sterling from the European Exchange Rate Mechanism (ERM), after a failed attempt to keep its exchange rate above the lower limit required for the ERM participation. At that time, the United Kingdom held the Presidency of the Council of the European Union. The crisis damaged the credibility of the second Major ministry in handling of economic matters. The ruling Conservative Party suffered a landslide defeat five years later at the 1997 United Kingdom general election and did not return to power until 2010. The rebounding of the UK economy in the years after Black Wednesday has been attributed to the fall in the value of sterling and the replacement of the ERM with an inflation targeting monetary stability policy. Prelude When the ERM was set up in 1979, the United Kingdom declined to join. This was a controversial decision, as the Chancellor of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Minister For Finance (Ireland)
The Minister for Finance ( ga, An tAire Airgeadais) is a senior minister in the Government of Ireland. The Minister for Finance leads the Department of Finance and is responsible for all financial and monetary matters of the state; and is considered the second most important member of the Government of Ireland, after the Taoiseach. The current office holder is Michael McGrath, TD. Overview The Minister for Finance holds the second most important ministerial position in the Irish Cabinet after that of the Taoiseach. He or she is in charge of the Department of Finance responsible for all financial matters in the Republic of Ireland. It is one of three positions in the government which the Constitution requires to be held by a member of Dáil Éireann, the other two being Taoiseach and Tánaiste. Many Ministers who have held the Finance portfolio have gone on to become Taoiseach, including Jack Lynch, Charles Haughey, Albert Reynolds, John Bruton, Bertie Ahern and Brian Cowen. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bertie Ahern
Bartholomew Patrick "Bertie" Ahern (born 12 September 1951) is an Irish former Fianna Fáil politician who served as Taoiseach from 1997 to 2008, Leader of Fianna Fáil from 1994 to 2008, Leader of the Opposition from 1994 to 1997, Tánaiste and Minister for Arts, Culture and the Gaeltacht from November 1994 to December 1994, Deputy Leader of Fianna Fáil from 1992 to 1994, Minister for Industry and Commerce in January 1993, Minister for Finance from 1991 to 1994, Minister for Labour from 1987 to 1991, Government Chief Whip and Minister of State at the Department of Defence from March 1982 to December 1982 and Lord Mayor of Dublin from 1986 to 1987. He served as a Teachta Dála (TD) from 1977 to 2011. In 1994, Ahern was elected the sixth Leader of Fianna Fáil. Under Ahern's leadership, Fianna Fáil led three coalition governments. Ahern is the second-longest serving Taoiseach, after Éamon de Valera. Ahern resigned as Taoiseach on 6 May 2008, in the wake of revelations ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Maastricht Treaty
The Treaty on European Union, commonly known as the Maastricht Treaty, is the foundation treaty of the European Union (EU). Concluded in 1992 between the then-twelve member states of the European Communities, it announced "a new stage in the process of European integration" chiefly in provisions for a shared European citizenship, for the eventual introduction of a single currency, and (with less precision) for common foreign and security policies. Although these were widely seen to presage a "federal Europe", the focus of constitutional debate shifted to the later 2007 Treaty of Lisbon. In the wake of the Eurozone debt crisis unfolding from 2009, the most enduring reference to the Maastricht Treaty has been to the rules of compliance – the "Maastricht criteria" – for the currency union. Against the background of the end of the Cold War and the re-unification of Germany, and in anticipation of accelerated globalisation, the treaty negotiated tensions between member sta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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