The government is clueless as to what is happening on the balance sheets of Irish companies and how leveraged our private sector really is. As we rebuild the economy, we need to lower the level of financial leverage carried by the companies and support equity capital raising by the productive, non-financial firms.
I have been subject to the lockdown in China. I know from personal experience that it is easy for anxiety to overwhelm the best of us. But we have learned here that it is important to be positive, even if the economics and practicalities are challenging. Here are my experiences.
In an essay this Easter, Anne Harris says there are times when only poetry has the power to reach us: the heights of love, the depths of grief, the horrors of war - times like now, where powerful emotion is held tight for fear of overflow.
As CEO of Argeau, Stephen Felle manages the wealth of high net worth investors. But he is also the voluntary chairman of the Sean Cox Rehabilitation Trust. In this role, he has witnessed at first hand the true spirit of Liverpool Football Club in helping one of its fans.
It is deeply frustrating to find the same tired language, metaphors, and arguments deployed in service of the decayed ideology that was debunked the last time it was used. Zombie economics must be confined to the past.
The Covid-19 shutdown has opened up a lot of new possibilities for the way companies operate and engage with both customers and staff. After all, humans can and do respond to crises by building new mental muscles that they didn’t know they had.
We could easily see a dual or two-speed recovery, where the manufacturing sector gets back to work pretty quickly, but the services sector takes a lot longer to get back on track.
The coronavirus shutdown will inevitably harm the economy. But we could be headed for a much bigger crash of our own making.
While acute care capacity has been ramping up, Vanguard Health CEO and former NHS executive Audrey Mc Donnell turns her attention to the services caring for those most exposed to the pandemic.
FBD has faced backlash from customers who feel they have been cast adrift over coronavirus cover. Meanwhile, its cash reserves are likely to get stressed this year and its financial assets are down between 5 and 10 per cent. What does the future hold for FBD?
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