Slugger’s Daily Blogburst…

Kicking off, as interest rates inside the EU fall now to 2% and the Republic’s inflation hits 1.1%, some think it bodes well… But Michael notes the apocalypical calls for cuts in the Republic in particular IBEC’s shout for the immediate dissolving of 70,000 public sector jobs (a hard sell, but this government may cut to any port given the diminutive size of the boat, and the fierce openness of the economic oceans that are pushing it around)… Michael concludes:

…the call for wage reductions as a way back to competitiveness is just another quick-fix solution – of the type that Homer Simpson excels in; y’know, taking an axe or hammer to anything he can’t figure out how to work. What’s more, such policies will reduce business activity even further, resulting in more unemployment, less tax revenue (resulting in a worsening of the budget deficit) and, of course, even more demands for wage cuts.

– (BTW, anyone notice just how calm Northern Ireland seems in comparison? It’s the magical protection we get from that “Somebody Else’s Problem Field…“)

– Gerard is less than impressed with the lack of response from the economists at the Responding to the Crisis seminar in Dublin earlier in the week. Abbreviated notes from Stephen here

– In the US Charlie Cray notes three problems in the US Treasury’s handling of the rescue package:

First: A poorly-managed bailout (TARP),

Second: A stimulus package that most economists agree will not be enough to revive the economy and, with a good portion going out in the form of corporate tax breaks instead of shovel-ready projects, may not even be enough to stop the hemorrhaging of jobs.

Thirdly, and perhaps most importantly: The absence of any serious debate over financial regulatory reform.

Whitehall 1212 reports Tory optimism that they finally have the tided turned against Gordon by tying the long term (baby) debt problem around Gordon’s neck…

– Closer to home Chris Gaskin provides his own thoughts on the future of Sinn Fein

– Latest SF entrant to the blogosphere is Niall O Donnghaile, who argues for the removal of Mountpottinger PSNI station

– O’Neill detects tensions amongst the Tory party in Wales

– Our singly legislated for Presbyterian Mutual Society may not be long for this temporal world

– And Dan has a suggestion for post Credit Crunch journalism:

The short-term is grim but one solution is to go back to the future and have journalists run their own newspaper; an Independent Mark II. This may have to be post-credit crunch, but it would be an important voice in the media once there is financing available out there for such a venture.

– Staff at Bobballs are certain there is postive progress for governments in Israel and Sri Lanka, but the means by which that progress has been made is questionable to say the least:

This is difficult stuff, and we’re not expert on the local politics. Artillery and fast jets are appropriate in battle plans but surely not in built up areas where civilians cannot vacate the ‘battlefield’.

– And finally, here’s a treat. Food blogger and chef Niall Harbinson has served up Irish Blog Awards (call for judges now on) impresario Damien Mulley unplugged and on video… Damien tells us he’s been blogging on his site for 8 years; which presumably means he began, at the latest, by January 2001. That would place him firmly within the first (tiny – and for which read elite) tranche of bloggers anywhere in the world; although his current archives only take us back to July 2003

Mick is founding editor of Slugger. He has written papers on the impacts of the Internet on politics and the wider media and is a regular guest and speaking events across Ireland, the UK and Europe. Twitter: @MickFealty