The IMF have said the US administration's chaotic tariff experiment will cut global economic growth by half of one per cent, as Paschal Donohoe travels to Washington DC for the 2025 Spring meetings of the IMF and World Bank.
It's widely reported that the loan portfolio of the Irish Bank Resolution Corporation (IBRC - Anglo Irish and Irish Nationwide) has fallen to €3bn, and its liquidators handed over €250m in "surplus cash" to the Exchequer last week, bringing total distributions in recent years to €360 million. Responsibility for the remaining assets of the IBRC and Nama are to transfer to the NTMA.
Sticking with the public finances, Senan Molony writes in the Indo about how Public Expenditure Minister Jack Chambers "is to tighten governmental reporting requirements to guard against waste", in an effort to "more effectively manage state spending by strengthening public financial procedures" and that this comes "after a series of spending controversies surrounding state bodies."
And with a heightened focus on news from the teacher union conferences yesterday, the Irish Times trains another editorial on the relationship between the shortage of teachers, particularly in our cities, and the housing crisis: "Teacher retention is not solely an education issue but a wider societal one. Education is one of the cornerstones of a functioning democracy and a thriving economy. If we cannot house our teachers, we cannot educate our children effectively. It is as simple - and as serious - as that."
Zen
Humbled and proud to share this video (below) about LinkedIn with you today.
Have a lovely day. To those delegates and staff making their way to Galway today for the Education divisional conference, safe and happy travels.
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