| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

 Irish Economy
 EU Economy
 US Economy
 UK Economy
 Global Economy
 Asia Economy

Finfacts changes from 2015


How to use our RSS feed

Follow Finfacts on Twitter

Web Finfacts

See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management system.


Finfacts is Ireland's leading business information site and you are in its business news section.


Finfacts Homepage

Irish Share Prices

Euribor Daily Rates

Global Cost of Living

Irish Tax - Income/Corporate




Content Management by interactivetools.com.

Analysis/Comment Last Updated: Jan 2, 2015 - 6:40 AM

Finfacts changes from 2015
By Michael Hennigan, Finfacts founder and editor
Dec 30, 2014 - 3:52 PM

Email this article
 Printer friendly page

We have been online 18 years since March 10, 1997—and from 2015 we plan to focus on analyses of business and economics news, which is our strength, rather than online breaking news that is available from multiple sources. We will also provide access to research/ studies on topics of interest.

As we detail in the article linked to below on the web and news, the post crisis digital advertising market for news sites is challenging (or using a more direct vernacular: a pisser) and operating two websites in this environment is difficult. So we have decided to close the Finfacts Premium service and focus on the Finfacts.ie service.

Just like the development of near Internet monopolies such as Google and Facebook—which dominate in most of the world with the exception of China—old world big brand newspapers and magazines such as the Financial Times and the Economist, which have a global reach, will survive the digital transition.

We say in the article that quality content can seldom match outrage for attention while facts contend with settled beliefs, official distortions and recycled myths.

On a personal level I am happy to continue challenging conventional wisdom with facts and to have had the opportunity of moving to Malaysia in 2007 that only an online business could have provided.

We have been proven right on:

  • The property bubble;
  • The inevitability that the Irish facilitation of massive corporate tax avoidance was not a long-term viable enterprise policy;
  • The delusional aspiration that Ireland with a high dependence on foreign-owned firms that do not spend anything on R&D (less than 30% of IDA Ireland client companies spend from a minimal level), could become a) a recognised "world-class knowledge economy" by 2013 b) that "Ireland in 2020 is the best country in the world for scientific research excellence and impact."

Web & News: Big brand newspapers, magazines finding digital model that works

Last week, Paul Krugman, New York Times columnist and winner of the Nobel Prize in Economic Sciences, wrote on his blog on facts and fact-checking that echoes my own view that myths are often treated as facts because of repetition while distortions in the Irish national accounts is a fertile area for misrepresentation:

...using the principle of 1066 And All That: 'history is what you remember,' often what you sort of think you remember. They hear everyone around them saying stuff, repeat it, and that becomes what everyone knows; the idea of checking the facts themselves never seems to arise, indeed is almost anathema. I’ve had conversations in which people belligerently assert 'I’m not impressed by your charts—you’ll never convince me that government spending has fallen under Obama.' Don’t bother me with facts! [ ] I will say, by the way, that writing for the Times—and especially doing so in the face of so much right-wing animosity—has been a useful discipline. In general, the Times maintains standards for fact-checking—and for explicit corrections when you get it wrong—that nobody else seems to. And I am especially careful, because so many people are gunning for me. So every assertion of fact in my columns does come with a source, usually visible in the links embedded in the online version."

George Orwell, bullshit and 2015 New Year resolution for Irish Government

The idiot/ eejit's guide to distorted Irish national economic data

Economic recovery, stagnation, miserablism and miserableness

Michael Hennigan

© Copyright 2015 by Finfacts.ie

Top of Page

Latest Headlines
Disastrous 44-year War on Drugs and ignoring the evidence
HSBC & Tax Evasion: France/ Belgium issued criminal charges; UK/ Ireland nothing
Analysis: Germany world's top surplus economy; UK tops deficit ranks
Facts do not always change minds - can even entrench misinformed
Finfacts changes from 2015
Facts of 2014: Guinness not Irish; 110 people own 35% of Russia's wealth
In defence of dissent and Ireland's nattering nabobs of negativism
Dreams of European Growth: France and Italy facing pre-euro economic problems
Globalization's new normal needs permanent underclass - Part 1
MH17 and Gaza: who is responsible?
Israel vs Palestine: Colonization set for major expansion
Aviva Ireland's 'fund' runs dry and life cover to die for
We wish Martin Shanahan - new IDA Ireland chief - well but...
Ireland as an Organised Hypocrisy is in lots of company
Dr Peter Morici: Friday’s US jobs report won’t alter Fed plans to raise interest rates
Own Goal: Could FIFA have picked worse World Cup hosts?
Ireland: Spin and spending will not save bewildered Coalition
Irish Government parties set for 2-year vote buying spending spree
European Parliament: Vote No. 1 for Diarmuid O'Flynn in Ireland South
Dr Peter Morici: US April jobs report may show 215,000 added in April
Dr Peter Morici: Hardly time to call Obamacare a success
Celtic Tiger RIP: Change in conservative Ireland six years after crash
Dr Peter Morici: Five things to know about the Fed’s obsession with inflation
In age of acronym/ Google, Trinity to rebrand as 'Trinity College, the University of Dublin’
Hoeness case part of ‘painful’ change for Swiss bankers
Dr Peter Morici: The Cold War was only on vacation
Dr Peter Morici: US economy drags on Obama's approval ratings; Don’t look for changes in Washington
Dr Peter Morici: Bitcoin debacle shatters the myth of virtual money
Dr Peter Morici: US Tax Reform: Eliminate the income tax and IRS altogether
Wealth threatens the simple life in Gstaad, Switzerland
Irish journalists get cash payouts over 'homophobic' defamation claim
Irish academics get lavish pension top-ups as private pensions struggle
Dr Peter Morici: Inequality is President Obama’s highest priority, but solutions are naive
The Finfacts Troika: Better times ahead and a hangover to forget?
Dr Peter Morici: Volcker Rule arrives with the hidden jewel in Dodd-Frank financial reforms
Ireland's toothless fiscal watchdog threatens to bark
Analysis: Germany's current account surplus - - Part 2
The end of western affluence?
Bono's hypocrisy on Africa, corporate tax avoidance in Ireland
France like Ireland is run for the benefit of the old