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Showing posts with label History. Show all posts
Showing posts with label History. Show all posts

Thursday, September 11, 2008

Sept 11 - 2001 - Never Forget


Sept 11, 2001, My city New York and my country America was attacked. I took it personal as I believe many of us did. It changed me forever. I came back to New York City and visited Ground Zero that December and I felt the incredible loss and pain but also saw the strength and resilience of my fellow New Yorkers. Hard to believe it has been seven years ago......
I will never forget and hope we always remember....

Tribute to all the victims of 9/11


Saturday, June 07, 2008

Economic Optimism - Big Picture

Just like in our personal lives it is important to keep perspective during the difficult patches. Regarding the economy it's important to look at the long term trends to see both the present economic reality and to see the future possibilities for world economic growth.

Below are just some examples of the significant growth of different countries economies over time. So while any snapshot in time may be less optimistic the overall trend remains positive and supports a point of view of optimism for the growth of wealth in the world.

Russia
Russia's economy grew nearly five-fold, from about 7 trillion rubles in 2000 to almost 33 trillion rubles in the last eight years. The country is basking in a boom fuelled by high oil and natural gas prices

Ireland
When Ireland first joined the EU in 1973, per capita GDP stood at just 63% of the EU average. By 2002, the nation had made such huge strides that it actually ranked among the richest countries in the EU, sporting a GDP of about 120% of the EU average.

United States
In the 20th century, the real standard of living in the United States went up seven for one.

Eastern Europe
On May 1, 2004 European re-unification became a reality when 10 countries in all, 8 from central and eastern Europe, joined the European Union (EU). Latvia, Estonia, the Czech Republic, Slovakia, Slovenia, Poland, Hungary and Lithuania all formally joined the EU on that date. On top of this, two additional members, Romania and Bulgaria, are scheduled to join the Union in May, 2007.
On average, the new Member States posted GDP growth of +3.7% in 2003, a whopping ten times the pace logged for the rest of the EU. In some smaller countries that have seen particularly high foreign investment, the growth rate is even higher.

India
It is one of the fastest growing economy in the world. Indian Economy experienced a GDP growth of 9.0 percent during 2005-06 to 9.4 percent during 2006-07. By 2025 the India's economy is projected to be about 60 per cent the size of the US economy. The transformation into a tri-polar economy will be complete by 2035, with the Indian economy only a little smaller than the US economy but larger than that of Western Europe. By 2035, India is likely to be a larger growth driver than the six largest countries in the EU, though its impact will be a little over half that of the US.
India, which is now the fourth largest economy in terms of purchasing power parity, will overtake Japan and become third major economic power within 10 years.

Thursday, May 01, 2008

Ireland Is At Peace - Bertie Ahern




The great day of hope has dawned

The following is an abridged version of the address by Taoiseach Bertie Ahern to a Joint Meeting of the United States Congress, Washington DC, yesterday.

Your invitation to address this Joint Meeting this morning honours my country and honours me also. It reaffirms the enduring bonds of friendship and esteem between our two peoples and between our two republics. Those bonds have been built and nurtured and refreshed over the centuries. America and Ireland have something that goes beyond a friendship between countries. To be an Irishman among Americans is to be at home. So, Madam Speaker, I stand here before you as a proud son of Ireland. And I stand with you as a steadfast friend of the United States of America.

Parnell turned to the United States, as have many Irish leaders since, as we strove to emulate the achievements of America and to vindicate the principles that inspired your founding fathers: the principles of liberty, of equality and of justice.
In the early part of the last century, Eamon de Valera came here seeking help as Ireland struggled for her independence. In more recent times, many Irish leaders have come here in the quest for peace in Northern Ireland. Whenever we have asked for help, America has always been there for us -- a friend in good times and in bad.From the very outset, Ireland gave to America presidents, patriots and productive citizens of a new nation.....

The Irish helped to build America.

The New Ireland -- once a place so many left -- is now a place to which so many come....

The Irish are to be found in the police departments and the fire houses, in the hospitals, the schools and the universities, in the board rooms and on the construction sites, in the churches and on the sports fields of America.
Their contribution is seen in much of the great literature, film, art and music that America has given to the world. Each of them is a green strand woven into the American dream.
In all of America, there is Irish America.

On September 11, 2001, some of the most terrible, evil events in world history occurred. Close to Ellis Island, near this very building and in the skies and fields of Pennsylvania.
It is a day that is etched into the memory of all humanity.
On that day, Father Mychal Judge, the chaplain of the New York Fire Department and the son of Irish immigrants from Co Leitrim, rushed to the World Trade Centre to help those who were in danger and to minister to the injured and the dying. Along with so many other good, innocent people, Fr Mike died inside the Twin Towers that day. He was officially designated Victim Number 1. Of course, he was no more important than any other victim. He was just a simple man of faith and of courage trying to help others. In recognition of the bravery of all who died on that terrible day, I am deeply honoured to be joined here today by some of Fr Mike's comrades from the New York Fire Department and New York Police Department. I honour them and all of their fallen comrades -- those who fell on that day and all who have fallen doing their duty to serve the people.
There was a day of national mourning in Ireland after 9/11. Every city, town and village fell silent in remembrance of the dead.

Ar Dheis De go raibh a nanam dilis go leir.

In Ireland, we firmly believe our experience of hardship and of forced emigration is at an end. For that achievement, too, we owe so much to America.
Our two countries are reaping the rewards together. We are investing in each other's economies, bringing together our entrepreneurial energy and creating employment across Ireland and across America. That is the true measure of our economic achievements together. It points to a friendship every bit as strong in the future as it is today.

This year, in Ireland, we are celebrating the 10th anniversary of the Good Friday Agreement. It was a defining moment in Ireland's history. In the years since then, some doubted that the Agreement would endure.
I never did.
I knew it would last because it is built on the highest ideals of democracy -- the ideals of liberty, of equality, of justice, of friendship and of respect for our fellow men and women. Above all, the settlement of 1998 will flourish because of one simple and unalterable fact.It represents the will, democratically expressed, North and South, of all of the people of Ireland to live together in peace. That is far more powerful than any words of hatred or any weapon of terror.

On St Patrick's Day 2008, a few short weeks ago, I came here to Washington. I came with a simple and extraordinary message: That great day of hope has dawned. Our prayer has been answered. Our faith has been rewarded. After so many decades of conflict, I am so proud, Madam Speaker, to be the first Irish leader to inform the United States Congress: Ireland is at peace.

Our dream, and the dream of all of the friends of Ireland in America and across the world, has come true. To you, to your predecessors and to all of the American leaders from both sides of the aisle who have travelled with us, we offer our heartfelt gratitude. We also recognise the steadfast support of President Bush, of President Clinton, their administrations, their envoys and of their predecessors.

Do not underestimate the good you have done. Do not forget the legacy you have forged. And if ever you doubt America's place in the world, or hesitate about your power to influence events for the better, look to Ireland.
Look to the good you have done. Look at the richness of so many individual futures that now stretch out before us for generations, no longer subject to conflict and violence. Look to the hope and confidence that we now feel on our island.
The healing of history. Look and be glad.

An American President once said: "The supreme purpose of history is a better world".
Making a better world is also the supreme purpose of representative politics in our two democratic republics.

I will shortly step down from the office of Taoiseach after almost 11 years.
I am honoured to have been elected by the Irish people to serve them in that great office.

On May 6, I will go to that famous field on the banks of the River Boyne in Ireland where, over three centuries ago, fierce and awful battle was waged between the Protestant King William and the Catholic King James....

Today, both sides, proud of their history and confident of their identity, can come together in peace and part in harmony. They can offer each other the open hand of friendship. They will reaffirm again what Ireland has achieved and what we know in our hearts to be true.
Centuries of war, of strife and of struggle are over, and over for good. The field of slaughter is now a meeting place of mutual understanding.
Our children will live in peace. And their children will enjoy the fruits of their inheritance. This is the triumph of people and of politics. This is the achievement of democracy. The great achievement of Ireland and the great blessing of peace.

There are no finer words with which to finish and upon which to say: In history, in politics and in life, there are no ends, only new beginnings.

Let us begin.

Go raibh mile maith agaibh.
A thousand thanks to you.

Read the full speech......

http://www.independent.ie/national-news/the-great-day-of-hope-has-dawned-1363533.html

Sunday, April 20, 2008

Ranks of Rich Swelled World Wide

If you're committed to producing success, financial independence and wealth in your life this is good news and if you're not then it's not.....

By Daniel Thomas in London
Published: April 20 2008

The ranks of the world’s rich swelled to 8m during 2007 as the wealthy proved immune to the strains across global economies in the latter half of the year.

There was a 4.5 per cent increase last year in so-called “high net worth individuals”, those with investable assets of more than $1m excluding primary residence, according to the 2008 wealth report compiled by Citi Private Bank and Knight Frank, published on Monday.

There was particularly strong growth of wealthy populations in the emerging economies of China and India, as well as those countries that have access to natural resources such as Kazakhstan.

Countries such as Brazil, Canada, Australia and Russia also each added more than 8,500 wealthy residents in 2007 on the back of the commodity boom.

The report says that the rate of growth of high net worth individuals has outpaced growth in both gross domestic product, and GDP per head, which it believes indicates that the rich are getting richer relative to their respective countries.

“This is not a perfect measure of relative wealth growth across income levels,” it says, “but there is an indication here that the plutonomy model retained its strength through 2007 and is in rude health.”

The US is still home to most of the world’s truly rich. High net worth individuals make up 1 per cent of the US population, with 3.1m people claiming to be dollar millionaires, and 460 to be billionaires.

Japan claims the next highest population of the wealthy, with 765,000 dollar millionaires, and then the UK, where there are 557,000.

The UK has seen the biggest increase in billionaires, however. Numbers rose by 40 per cent in 2007, from 35 to 49. China’s high net worth population grew by 14 per cent in 2007, and now number 373,000, almost as many as in Germany.

The report says there was little change in the investment activity of the very rich during the credit crunch in 2007, other than a shift away from structured finance. It says the very wealthy are “weathering the crunch” much better than insti tutional investors, owing to the diversity of their port folios.

More than 50 per cent invest in property, which has fuelled a rapid growth in luxury house prices across the world.

London retains its spot as the world’s most expensive place to live, followed by the tax exile haven Monaco and millionaires’ playground St-Jean-Cap-Ferrat.

There were the first signs of trouble in paradise last year, however, with prime property in certain areas in Ireland and the US showing a fall in price. The report’s authors warned that there were likely to be further falls this year as the economic slowdown caught up with the world’s super-rich.

Copyright The Financial Times Limited 2008

What's very interesting is how it is also happening in Asia, Europe, Brazil and other areas of the world. Also see the video below (TED) on ending poverty......

Friday, April 18, 2008

Six Degrees of Separation & Optimism

I post this article because over 20 years ago when I was a anti-arson organizer for the People's Firehouse in Brooklyn I used to play basketball with NYC Comptroller Bill Thompson. It's truly amazing to see him with two lifelong enemies from Northern Ireland coming together to make a better life for both Catholics and Protestants in Northern Ireland. I just returned from visiting Northern Ireland for the first time in my life and hearing about the improvement the peace process has made in Northern Ireland. A testimony to optimism and how people can work together.......



NYC Pledges Millions for North
April 16, 2008
By April Drew

FIRST Minister of Northern Ireland Dr. Ian Paisley and Deputy First Minister Martin McGuinness were in New York on Friday welcoming the announcement of a $150 million investment from New York Pension Funds to Northern Ireland.

New York City Comptroller William C. Thompson announced the largest U.S. investment to date since the peace process in the north at his office.

Thompson, chief advisor to the New York City Pension Funds, committed to investing $150 million with the potential of eventually reaching $750 million.

“This announcement follows the Pension Funds’ longstanding, 20-year commitment to promoting peace and equality of opportunity for all in Northern Ireland,” he said......

“Now is an attractive time for investment… in this stable political environment,” said Thompson, a probable candidate for New York Mayor next year.

Paisley, who was stunned into silence by the multi million-dollar investment — “I never thought I’d say this but I am speechless,” he said — graciously thanked Thompson and his colleagues “from the depths” of his heart and said such an investment will provide “great stimulus” to Northern Ireland at this time.

“Their decision to choose Northern Ireland as a place to do business ma-kes this a truly great day for us and for New Yo-rk,” he added.

“This in-vestment confirms that North-ern Ireland has turned a corner. We are now a sound in-vestment location that can provide the right caliber of people and projects to successfully underpin further inward investment, particularly from the U.S.,” said Paisley.

McGuinness, who accompanied Paisley on a four-day visit to the U.S. in an effort to promote the Northern Ireland investment conference in Belfast next month, described the investment as “another piece of history.”

“New York led the way and Bill Thompson put its money where its mouth is,” said McGuinness.

Read full article....
http://www.irishabroad.com/news/irish-voice/news/Articles/NYC-Pledges-Millions-for-North190408.aspx

Monday, April 14, 2008

TED - Hans Rosling - Watch the End of Poverty



A friend of mine Ronnie sent me a presentation of Hans Rosling called "No more boring data". It was fascinating, educational and entertaining. I found his latest presentation at the TED conference and it's worth the watch.....

Monday, April 07, 2008

Book Review - The Pope's Children



I picked this book up prior to my 1st trip to Ireland and just finished it on my return. If you are interested in business, economics, culture,history or just want to expand your world I recommend you read this book. This is a thought provoking, funny, entertaining and educational book all wrapped into one. The book shows how Ireland has arrived and become a global nation. Ireland is now one of the richest nations in the world with the largest middle class.

My trip allowed me to see everything from the old rural Ireland on the west to the industrial north to the cosmopolitan Ireland in Dublin. The Pope's Children complimented my trip and opened my eyes to the new Ireland and the new Irish Dream.

Be prepared to learn a bunch of Irish words like craic (fun), as Gailge (in Irish), and failte (welcome) and also a bunch of fascinating terms and descriptions created by the writer including Expectocracy, Stakhanvite, Commentariat, Kells Angels, Deckland and many more. Reading the book in a lot of craic.

What's the most important theme of the book is the amazing economic progress Ireland has made in 10-15 years. Ireland has went from a nation that exported it's young to a nation that the young are moving back and it's an immigration magnet to Eastern Europe. It's a fascinating story of the good, bad and ugly of economic progress but it take a positive and optimistic view of the progress Ireland has made.

The book is the #1 best seller in Ireland but it's a book that will be enjoyed by everyone. Check it out.

Tuesday, March 04, 2008

Book Review - The Billionaire Who Wasn't by Conor O'Cleary



I just read a fascinating book about Chuck Feeney. I never heard about him before and I'm sure you probably haven't either. I picked up the book because of a quote on the back that talks about his contribution to Ireland. Mr Feeney is an Irish-American born in New Jersey to a working class family during the Great Depression. He made his billions creating the Duty Free Shops you see at airports all over the world.

The story especially resonated with me as I am a first generation Irish-American about to make my first trip to Ireland for a family reunion. His story is one of financial success, great contribution and social significance.

The story of how he made his money makes for a great read. The book tells a great story about how he created tax shelters and protected his identity while becoming the the thirty third richest man in the world.

What he has accomplished in the area of philanthropy is even more interesting. He took to heart the spirit of Andrew Carnegie and has promoted the "Giving while Living" philosophy, He has given away through his Atlantic Foundation over $1 billion dollars and is on track to giving away over $4 billion dollars while he is alive. Mr Feeney not only gave away his money but leveraged it by getting countries to match his contributions. business

If that wasn't enough Mr Feeney got involved behind the scenes in trying to support a end to the violence in Norther Ireland and to create the conditions for peace and reconciliation.

The book is truly inspiring and Chuck Feeney is a role model on many levels.

Some of Chuck Feeney's Contributions:

Education in Ireland: He funded all seven universities in the Republic of Ireland and two in Norther Ireland to the tune of hundreds of millions of dollars.

Hotel System in Ireland: He built the first large modern hotel in Ireland since WWII, The The Castletroy Park Hotel

Peace in Northern Ireland: Mr Feeney wanted to assist in taking the guns out of Irish politics. He directed over $30 million through his Atlantic Foundation to worthy projects in Northern Ireland including $2.5 million to help Republican and Loyalist ex-prisoners to move into peaceful politics.

It doesn't stop here he continued to fund education in Eastern Europe to support the move towards freedom there and other social projects in South Africa and Vietnam. His focus on finding worthy projects and worthy people provides a lot to learn from. His uniqueness was doing all this while trying to maintain his anonymity and to give credit to others instead of himself.

Mr Feeney is a truly unique individual and his story is one worth reading.