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Showing posts with label Bankruptcy. Show all posts
Showing posts with label Bankruptcy. Show all posts

Thursday, December 3, 2015

Donie's Ireland daily news BLOG

Ireland’s bankruptcy term now cut to one year

    
The term of bankruptcy now reduced from three years to one as a new bill is passed by Irish cabinet.
The bill as expected was passed, this will bring Irish bankruptcy laws in line with the United Kingdom, will be approved when it’s put to Cabinet.
It was proposed by Justice Minister Frances Fitzgerald but the proposals were spearheaded by Labour TD Willie Penrose.
Other proposals to the bill include increasing penalties for those who try to hide assets  and for those already in the process, the time scale for bankruptcy will be 18 months.
In cases of serious non co-operation, the period will be extended to 15 years – the maximum at the moment is eight.
In addition, the window in which income payment orders apply will be cut from from five to three years.
These orders  apply when bankrupt individuals are pursued for income surplus that is considered to be in excess of reasonable living costs.
Speaking about the proposed bill this morning minister for Public Expenditure and Reform Minister Brendan Howlin told Newstalk that it would help people recover from previous mistakes.
“Bankruptcy is not an easy option for anybody. It is the last option for somebody. The stigma of bankruptcy will still exist. The problems in relation to the court orders and paying back will continue for years after the bankruptcy,” the minister said.
“So it certainly won’t be an easy option for anyone. Anybody who is facing into bankruptcy will know how difficult and challenging it is for themselves and their family.”
It is currently unclear as to what will happen to those who are already bankrupt should the bill be passed however, it is understood that those who have been so for one year could be cleared after three months.

Homeless to sleep in Garda stations, A&E units ‘at Christmas’

Peter McVerry tells Dublin protest Government must declare a homelessness emergency.

  
Demonstration on housing and homeless crisis with housing activists from across Dublin, which started at the GPO, O’Connell Street and concluded outside Leinster House, Kildare Street, December 1st, 2015.
Homeless families will end up sleeping in Garda stations and emergency departments at Christmas, a protest in Dublin heard on Tuesday night.
Several hundred people attended the demonstration, which called for action on the homelessness crisis and marked the first anniversary of the death of Jonathan Corrie, who was found dead in a doorway on Molesworth Street near Leinster House.
Campaigner Fr Peter McVerry told the crowd the Government must declare a homelessness emergency.
Some 40 families were being made homeless each month this time last year, but now the average is 73 a month, he said.
“Homeless families will end up having to sleep in Garda stations and hospital emergency departments for Christmas,” Fr McVerry said.
The demonstration was organised by the National Homeless and Housing Coalition. It began outside the GPO on O’Connell Street, and participants marched across the city centre to Leinster House.
Some scuffles
Barricades blocked demonstrators from marching up Kildare Street, which resulted in some scuffles between gardaĆ­ and those marching.
The Dublin Region Homeless Executive has said more than 2,100 adults and almost 1,300 children are accessing emergency accommodation every night. It has opened up an additional 175 extra beds for the winter.
Pat Green, of the Simon Community, said modular homes were not a long-term solution to housing the homeless.
Minister for the Environment Alan Kelly has promised 500 such homes would be provided to temporarily accommodate homeless families. The first 22 of these are scheduled to be in place before Christmas, with another 128 to follow shortly afterwards under a fast-tracked procurement process.
“Modular homes are a short-term measure to move families out of B&Bs and hotels. It is not a long-term solution,” Mr Green said.
“The extra 270 beds last Christmas and the additional 300 promised by December is a short-term measure and it does not solve homelessness. All it does is stop people sleeping rough on the street.”
Mr Green said the State was in a deep emergency crisis response.
‘Not enough’
“The reaction from Government is too little, too late and it is not enough,” said Mr Green.
Tony Geoghegan, chief executive of Merchant’s Quay Ireland Homeless & Drugs Services, said homelessness was not an issue confined to drug users.
Blaming drug users.
“In this homeless crisis there is a tendency to blame it all on drug users as if all the people who are homeless, are homeless because of using drugs. We know that’s not the case,” he said.
“There are over 3,000 people in emergency accommodation, and when people have problems, drug, mental or alcohol problems get filtered down to the bottom. They become the most difficult people to try and get into private or emergency accommodation.”
Mr Geoghegan questioned how people could receive the help they need to treat drug or alcohol issues if they were sleeping on the streets.
“It is untenable for this crisis to keep going on as it is because the numbers are increasing, and it can’t be beyond the wit of the Government if they want to do something about it,” he said.
“Housing is a right. Just because someone has an issue with drugs or alcohol or a mental health problem, that does not mean they should have to sleep on the street. Everyone is entitled to somewhere to live and that’s a basic right.”

Quitting the smokes might be down to our genes,

 A Group at Zhejiang University of Hangzhu in China have identified the  gene that may be linked to quitting smoking.

   
Development of nicotine dependence is associated with the release of the brain-signalling chemical dopamine, which is also associated with the “reward system” in the brain that drives addiction and pleasure.
January will see the usual round of exhortations to quit smoking, but new research suggests success in kicking the habit may in part depend on your genes.
A group led by Yunlong Ma and colleagues at Zhejiang University of Hangzhu, China, have identified a particular gene that may be associated with quitting smoking.
Their work, published on Tuesday in the Nature Group journal Translational Psychiatry, combines the data from 22 studies involving 9,487 Caucasian people.
They found a gene of interest that comes in several forms, and people with one form are more likely to be able to stop than those with the other forms.
The development of nicotine dependence is associated with the release of the brain-signalling chemical dopamine, which is also associated with the “reward system” in the brain that drives addiction and pleasure.
Dopamine release
For this reason, the researchers targeted a gene, Taq1A, because this gene is involved in dopamine release.
A number of smaller studies examined this link but were “controversial”, the authors say.
Their larger study hoped to find something more definitive and they now believe they can show the gene variant is “significantly associated with smoking cessation”.
Even so, the researchers say their results should be “interpreted with caution due to certain limitations”, for example the person’s use of drugs that might affect the Taq1A association with smoking.

Our sex differences are of one mind after all

   
MIXED DOUBLES: The volumes (green = large, yellow = small) of brain regions in 42 adults, showing the overlap between the forms that male and female brains can take. It has long been an accepted mantra that men are from Mars and women are from Venus.
But, if you look at the overall structure of the brain, those of both sexes are generally the same, a new study suggests.
Although specific parts show sex differences, an individual brain only rarely has all “male” traits or all “female” traits, researchers say.
The human brain is usually a mixture of the two, with some aspects more common in women, some more common in men, and some common to both. This contradicts the idea that brains can be neatly divided into two sex-based categories, the authors of the research say.
Daphna Joel, of the School of Psychological Sciences, and the Sagol School of Neuroscience at Tel Aviv University, said: “It is a very popular belief, even among scientists, that brains have a male and female form. What we were interested in is looking at the entire brain.
“Even if there are differences, does it mean brains come in two different forms?”
Their research, published in the Proceedings of the National Academy of Sciences, involved taking MRI scans of more than 1400 brains, focusing on anatomy more than how brains work.
They analysed brain features such as tissue thickness and the volumes of different parts of the brain. They focused on traits that showed the biggest sex differences, dividing the scores into a predominantly male zone, a predominantly female zone, and an intermediate range.
Researchers found that it was rare for brains to fall into one of these three distinct categories – only 6% of the brains they examined could be placed in one particular group. It was far more common for an individual brain to score in both the male and female zones.
The researchers used a similar approach to analyse psychological and behavioural scores from two prior studies that covered more than 5000 participants, and again they had similar results.
Overall, the results show that “human brains do not belong to one of two distinct categories”, male and female, the researchers concluded.
Larry Cahill, a neuroscientist at the University of California, Irvine, who did not participate in the new study, said he agreed that brains contain various combinations of male and female anatomical traits.
But that does not rule out differences in how the brains of the two sexes work, he said.
There is “a mountain of evidence proving the importance of sex influences at all levels of mammalian brain functioning”, he said, adding that evidence shows that sex does matter “even when we are not clear exactly how”.
In the past, scientists have suggested that gender differences emerge only through environmental factors and are not innate.
Neuroscientist Gina Rippon, of Aston University, Birmingham, has said that any differences in brain circuitry come about only through the “drip, drip, drip” of gender stereotyping.

Here’s why the climate change talks in Paris are important to every Irish farmer

    

147 heads of state and government have descend on Paris for the 21st Conference of the Parties (COP) to take action on climate change.

Central to an agreement will be efforts to limit global temperature increases to less than two degrees Celsius above pre-industrial levels. This will be achieved through pledges by the Parties. Next year, individual targets for EU Member States will be agreed within the overall EU target.
To reach this target, climate experts estimate that global greenhouse gas (GHG) emissions need to be reduced by 40-70% by 2050 and that carbon neutrality (zero emissions) needs to be reached by the end of the century at the latest.
The EU’s contribution to the new agreement will be a binding, economy-wide, domestic greenhouse gas emissions reduction target of at least 40% by 2030.
The target for the EU-wide non-emissions trading sector (NETS), which includes agriculture, will be 30% by 2030, the Department of Agriculture stated.
Why Its Outcome Will Be Important For Farmers
This time around agricultural emissions are set to form part of the debate. This is a major problem for Ireland and in particular for Irish agriculture.
Agriculture Emissions are seen by some as important because they are dominated not by CO₂ but by methane, NO₂, etc, which are so-called “short lived” gases.
Some experts have said that we can get a much faster response – in terms of re-stabilising climate – from reducing agricultural emissions than from CO₂ reductions.
As impacts of climate change become more severe, the pressure to find “fast” interventions will grow, so agricultural emissions will be particularly scrutinised.
Agriculture in Ireland accounts for 32.6% of the country’s total greenhouse gas emissions.
Agriculture makes up 14% of the world’s greenhouse gas emissions and the fourth highest sector that contributes to emissions.
An Taisce recently said that the science is clear that “universalising” the “western” dietary mix is not remotely compatible either with global nutrition, global heath, or rapid climate change mitigation.
Should this view win support among the majority of decision makers it may not spell good news for Ireland’s beef and dairy industries which have placed significant hopes in boosting exports to developing countries.
The current view of the Irish Government is that the EU’s policy in relation to climate change and agriculture must do three things to Promote Ireland’s sustainable emission reduction target under the new global target will be part of the overall EU target, according to the Department.  

Tuesday, March 3, 2015

Donie's Ireland daily news BLOG update

Joan Burton criticises Irish banks for pulling out of 'their agreed' 'deals on mortgages'

  

TĆ”naiste says reducing bankruptcy periods may send message to institutions of ‘playing games’ with customers in severe difficulties.

TƔnaiste Joan Burton has criticised the banks for pulling out of deals with customers in mortgage difficulties.
TƔnaiste Joan Burton has said a reduced bankruptcy period could send a message to banks who are pulling out of deals with customers in mortgage difficulty.
Ms Burton said she recently met personal insolvency practitioners who told her banks were creating an expectation that arrangements could be agreed but were then disappointing clients.
“If we reduce the bankruptcy period maybe that will send a message to the banking institutions, particularly those who are kind of playing a game of ‘now you see it, now you don’t’, suggesting to people that a deal is possible and then pulling out at the last minute.”
Labour TD Willie Penrose is preparing legislation to cut the bankruptcy period from three years to one year.
Speaking in Dublin this morning, Ms Burton said she had not had an opportunity to read Mr Penrose’s Bill. The bankruptcy period was reduced from 12 to three years at the end of 2013.
She said she wanted to see people staying in their family homes.
“We have an insolvency process vastly reduced in time from 12 years down to three, which is great. But at the same time what the personal insolvency practitioners were saying to me is that…some of the banks are not cutting deals,” she said.
The TĆ”naiste said people who had “got the courage” to attempt to strike a deal with the bank were often left in a worse situation when “at the last minute the deals are being pulled”.
Ms Burton said not every financial institution acted in this way.
She was speaking after addressing a business event to mark National Employment Week 2015 in the House of Lords, Bank of Ireland, College Green.

MEANWHILE:— 

Moves to reduce bankruptcy period to one year now proposed by Lab. TD.

   

A leading Labour TD is preparing special legislation to cut the bankruptcy period from three years to one year.

Former Junior Housing Minister Willie Penrose, who is also a barrister, says the law introduced in 2012, and the accompanying insolvency service, has not helped enough people struggling with debt.
His move follows comments in the DĆ”il last week by TĆ”naiste Joan Burton, who said the three-year bankruptcy duration – recently reduced from the long-standing 12-year term – will be revisited.
There has also been a strong call from mortgage debt campaigner David Hall for such a move.
Mr Hall said that the Government’s remedy, the Insolvency Act of 2012, simply has not given necessary relief to very many people.
“An alternative which is within the control of politicians is to reduce the current bankruptcy term to one year. This is an uncomplicated move and one that could happen within weeks and I would imagine a vote that could be 100pc supported by TDs and Senators,” Mr Hall told the Irish Independent.
Mr Hall, who was an independent candidate in a by-election in Dublin West in 2014, said that the introduction of the Insolvency Service of Ireland in September 2013 had failed to help the hundreds of thousands of people “smothered by debt.”

The debt relief campaigner said the statistics on debt showed how few people had been helped.

* There are 117,000 family home mortgages in arrears, each with an average of four unsecured debts such as credit cards and credit unions.
* Over 38,000 buy-to-let mortgages are in arrears.
* The Insolvency Service has a €7.5m budget and 95 staff – but only helped secure 1,000 “deals” in 2014.
* 448 of these “deals” were people going bankrupt and 251 were debt relief notices with debts under €20,000.
* Just 199 involved property but most were buy-to-let properties.
* Just a handful were family homes and 97 covered unsecured debts.
The debt-relief campaigner argued that given this record it was time to try again.
He acknowledged that other law changes aimed at reducing the banks’ de facto veto on “writing down” debt could run into constitutional difficulties – but this law change would change bank attitudes.
“Banks have an obsessive compulsive disorder around writing down or writing off debt. They must have their minds focused,” he said.
“Banks only understand one language and a one-year bankruptcy is urgently needed to focus banks and all creditors’ minds,” Mr Hall added.
Labour TD Willie Penrose said he will discuss his draft law with party colleagues next week.
He said along with the reduction of the bankruptcy period from three years to one year, the current “follow-on period”, which also allows creditors recoup debt, would be cut from five years to three.
“Apart from anything else the current situation where it is three years’ bankruptcy and one year north of the border is rather silly and impractical,” Mr Penrose said.
Last Thursday the TƔnaiste said the Government will consider this change.

Tea could also can reduce your risk of diabetes type 2?

    

Tea consumption is also associated along with certain cancers, and with a reduced risk of type 2 diabetes, according to recent new research.

The review authored by Dr Catherine Hood from the Tea Advisory Panel looked at 12 studies and of these 11 showed a positive effect of tea consumption on reducing the risk of diabetes.
Dr Hood commented: “In the Chinese Singapore Study among 36 908 participants age 45-74 years, consumption of more than one cup of tea daily reduced the risk of diabetes by 14%.
“The Dutch arm of the big European Prospective Investigation into Cancer and Nutrition (EPIC) which was followed up for 10 years found a bigger reduction in risk of diabetes. In this study total daily consumption of three cups of tea, three cups of coffee or a combination of tea and coffee reduced the risk of type 2 diabetes by approximately 42%.”
She continued: “The BMJ published a study evaluating the relationship between black tea consumption and key health indicators across the world. Health indicators covered were respiratory diseases, infectious diseases, cancer, cardiovascular diseases and diabetes at a global level.  This study found a significant linear correlation between high black tea consumption and low diabetes prevalence in the world. ”
Dr Tim Bond from TAP added: “Overall these studies indicate a very promising association between tea consumption and diabetes which if confirmed in further studies indicates further health benefits for tea beyond the well-established cardiovascular benefit.
Diabetes is affecting increasing numbers of the population and potentially could cost 17 per cent of the health care budget.  Drinking 3-4 cups of tea each day has benefits for the heart and could also have benefits for glucose metabolism, inflammatory markers and reducing the risk of diabetes.”

Knock planes are diverted as heavy snowfalls hits the west of Ireland

 

About 500 passengers on incoming flights from Britain ended up in Shannon today (Monday) because of heavy snowfall at Ireland West Airport Knock.

Morning flights from London Stansted, Liverpool, East Midlands and Luton were all diverted.
Affected passengers were all bussed from Shannon back to Knock.
A major operation to clear the runways continued at Knock all morning. As a result planes to carry outbound passengers to UK destinations were able to land and take off in the afternoon.

Photos of Sligo and Leitrim that are pure WB Yeats like poetry

Aerial view over Cope's Mountain to Sligo Bay with Knocknarea in the distance. Photo: Colin Gillen / Framelight.ie   

“On a recent hike with Northwest Adventure Tours, we come across this mound; it looked like a glacial slide had pushed it down and left a nice viewing point to stand upon.”

The desolate landscapes of Sligo and Leitrim aren’t just a fitting subject for poetry, as Colin Gillen’s photographs above show.
Gillen is a professional photographer living on the Sligo coast, and he spends his days shooting what he calls “the amazing, light-filled playground of a landscape that is Yeats Country”.
W.B. Yeats was a regular visitor to Sligo and Leitrim, with local features like Ben Bulben, Glencar and Inishfree familiar to many through his poetry.
But words aren’t the only way to celebrate unforgettable landscapes.

 A good photo, as we all know, is worth 1,000 of them.

By day working for local and national media, Gillen is also a keen musician with a reputation as one of Ireland’s top music photographers.
But it’s his stunning eye for Sligo and Leitrim that caught our attention.
  From the tiny human forms caught in magnificent landscapes (or monster waves) to simple, almost painterly shots of bohareens and lakes, his photos like Lissadell House draw you into the waters and the wild country of Sligo inviting you to explore Yeats Country all over again.
You can find out more about Colin and his photos on framelight.ie, on Facebook here, and about hiking and adventure guides in Sligo on northwestadventuretours.ie.
  For more on Yeats 2015, a programme of events celebrating the 150th anniversary of the poet’s birth, see yeats2015.com.

What would it be like to live on Mars?

   

The idea of living on Mars has been a staple of science fiction since the 19th century, when American astronomer Percival Lowell speculated that the channels on the Red Planet were really ancient canals built by intelligent extraterrestrials.

But if this sci-fi dream were to ever become reality, what would it be like to actually live on Mars?
NASA is now planning for a manned mission to Mars, which is slated for the 2030s.
It’s unknown where astronauts will land on Mars for that mission, but for a future Martian space colony, “you’d probably want a permanent base somewhere in the low northern latitudes,” Ashwin Vasavada, a deputy project scientist for NASA’s Mars Science Laboratory, told Space.com.
Like Earth, Mars has seasons due to the planet’s tilt upon its axis, but it also has a secondary seasonal effect because of its highly elliptical orbit. The southern hemisphere is pointed away from the sun when the planet is farthest from it, resulting in far colder winters (and far hotter summers) than those in the northern hemisphere.
If you were to live in the northern hemisphere, you’d enjoy about seven months of spring, six months of summer, a little more than five months of fall and only about four months of winter. (A year on Mars is about 1.88 Earth years, and a day lasts a little more than 24 hours.)
The average temperature on Mars is minus 80 degrees Fahrenheit (minus 60 Celsius), but temps can range from minus 195 F (minus 126 C) in winter near the poles to 68 F (20 C) during summer near the equator. The temperatures can also change dramatically within a single week.
Mars’ temperature variations often result in powerful dust storms, which can sometimes shroud the entire planet after just a few days. Though these storms probably wouldn’t physically harm you, the dust could clog electronics and interfere with solar-powered instruments, Vasavada said.
At just 1 percent the density of Earth’s atmosphere, the Martian atmosphere is thick enough to burn up meteors smaller than marbles — meteors larger than that are relatively rare, so you’d be unlikely to get hit by them, Vasavada said. You also wouldn’t have to worry much about volcanic and tectonic activity while living on Mars.
“The No. 1 thing an astronaut would be worried about is the radiation from space,” Vasavada said. Unlike Earth, Mars doesn’t have a global magnetic field and thick atmosphere to protect its surface from radiation.
If you were to experience some unfortunate incident, a message sent home to Earth would take an average of 15 minutes to get there. While not terribly long, “it’s definitely annoying enough that it’d be hard to Skype with anybody,” Vasavada said.
In terms of weather, you might see an occasional wispy cloud or cold morning frost because Martian air contains low levels of moisture from the polar ice caps. But you wouldn’t find any storm clouds in the sky or raindrops hitting the ground.
With these clear skies, the Martian night is full of stars. Amateur astronomers would want to look out for Mars’ moons, Deimos and Phobos, which can come out at the same time. These satellites, both of which are far smaller than Earth’s moon, can also partially eclipse the sun during the day.
The daytime sky generally has an orange tint to it because of all the dust, Vasavada said. Sunrise and sunsets look similar to those on Earth during a very hazy day, except that the area around the sun is blue.
The surface of Mars offers up a few great opportunities for sightseeing. “If we were to completelycolonize Mars, there are certainly places that would become national parks,” Vasavada said.
For example, Olympus Mons is the tallest volcano in the solar system, reaching 16 miles (25 kilometers) above its surrounding plains. Valles Marineris, on the other hand, is a giant system of valleys about the distance from Los Angeles to New York. And you’d also probably want to visit the Viking landers and Mars’ tremendous polar ice caps, which sometimes get dry ice snowfall, Vasavada said.
But with a gravity that’s only 38 percent of Earth’s, getting around on Mars would be challenging at first. “Running and fast movements would probably take quite a bit of relearning,” Vasavada said. “But it’d be better than moving around on the moon.”