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Saturday's 60th anniversary celebrations of the signing of the Treaty of Rome on March 25, 1957, which provided for the establishment of the European Economic Community (EEC) that was later called the European Union, had its genesis in 1950 when Robert Schuman (1886-1963), French foreign minister, proposed the creation of a European Coal and Steel Community (ECSC), where countries would pool coal and steel production.

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On Monday the US Congressional Budget Office report on Trumpcare — the replacement for the health insurance system that the Obama Administration proposed for Americans without employer provided health insurance — estimated 14 million people losing insurance in the first year 2018 and 24 million by 2016, with premiums soaring for older, lower-income Americans. The CBO says Trumpcare would cut the annual budget deficit about $30 billion a year in a $19 trillion economy.

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The words 'entrepreneurship' and 'entrepreneur' are used by policy makers and the media to describe business enterprise founders while the stars in particular in the high tech sector are seen as risk takers who have bet big on what may have once been seen as implausible ideas. Here our main focus is on employer firms in all sectors with at least one employee and data from the United States show that since 1977 the rate of new employer business formation (before accounting for firm deaths) has halved to about 8% — similar to firm birth rates  in Europe (2015) and Ireland (2016). The number of entrepreneurs is down from both the years 2000 and 2007 (the latter year was the last before the onset of the Great Recession).

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Republicans in the House of Representatives are planning to propose a major reform of US corporate taxation and President Trump is reported to be "warming" to it after terming the plan "too complicated" last month. Last Friday Kevin Brady, the Ways and Means Committee chairman, said "when combined with the other historic reforms we are proposing, it will eliminate every tax incentive for businesses to move jobs, headquarters, and research and development outside the United States."

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The three-leaf clover or shamrock has for long been a symbol of Ireland (see our logo above) and it's particularly associated with St. Patrick's Day — Ireland's national day on 17 March. In the United States where some 40 million people are of Irish descent, it has been a tradition in recent decades to present the president with a bowl of shamrock on St. Patrick's Day but this year there are calls for Enda Kenny, the taoiseach (Irish prime minister), to decline an invitation to the White House to protest President Trump's ban on travel to the United States by residents of seven mainly Muslim countries.

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Irish Economy View All

9
Mar
2017

The Irish Farmers Association (IFA) warns in a report published Wednesday that Irish farming and the agri-food sector are particularly vulnerable to Brexit. The food industry and farming have direct employment of about 160,000 people and is the principal indigenous sector in an economy dominated by American-owned firms.

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12
Feb
2017
8
Feb
2017

Europe View All

26
Apr
2017
29
Mar
2017

Saturday's 60th anniversary celebrations of the signing of the Treaty of Rome on March 25, 1957, which provided for the establishment of the European Economic Community (EEC) that was later called the European Union, had its genesis in 1950 when Robert Schuman (1886-1963), French foreign minister, proposed the creation of a European Coal and Steel Community (ECSC), where countries would pool coal and steel production.

Read more

10
Mar
2017

We wrote in December on [Germany a beacon of stability has "never had it so good"] — and cited the stunning speech in the same month of Mark Carney, governor of the Bank of England, who spoke of Britain's first lost decade since the 1860s. On Thursday following this week's Spring Budget, economists have warned of a 15-year average real (inflation-adjusted) earnings freeze and the slowest growth since Britain was engaged with France in 1803-1815 wars, called the Napoleonic Wars.

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Global View All

14
Mar
2017

On Monday the US Congressional Budget Office report on Trumpcare — the replacement for the health insurance system that the Obama Administration proposed for Americans without employer provided health insurance — estimated 14 million people losing insurance in the first year 2018 and 24 million by 2016, with premiums soaring for older, lower-income Americans. The CBO says Trumpcare would cut the annual budget deficit about $30 billion a year in a $19 trillion economy.

Read more

24
Jan
2017
16
Jan
2017

Innovation View All

24
Feb
2017

The words 'entrepreneurship' and 'entrepreneur' are used by policy makers and the media to describe business enterprise founders while the stars in particular in the high tech sector are seen as risk takers who have bet big on what may have once been seen as implausible ideas. Here our main focus is on employer firms in all sectors with at least one employee and data from the United States show that since 1977 the rate of new employer business formation (before accounting for firm deaths) has halved to about 8% — similar to firm birth rates  in Europe (2015) and Ireland (2016). The number of entrepreneurs is down from both the years 2000 and 2007 (the latter year was the last before the onset of the Great Recession).

Read more

16
Dec
2016

High-growth firms (HGFs) are not typically high-tech firms, just as the word 'startup' may not refer to a new tech company despite the common misusage in the lexicons of politics, business and journalism. Policy makers also need to be aware that rapid growth of HGFs is typically not sustained.

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2
Dec
2016