Archive for April, 2012

April 23, 2012

NAMA Wine Lake

Siteserv, what’s that? It’s an Irish company some of you mightn’t have heard about but which employs 900 people in Ireland who provide a wide range of services to public and private companies. Like installing Sky boxes for Sky or providing installation and maintenance services to the ESB – take a look at its services here. It’s a fairly profitable company – the latest accounts are here – but it has a mountain of debt built up during the Celtic Tiger era in acquiring other companies.

Why is Siteserv in the news? It has gotten into financial difficulty and is being sold. The latest is that 99% of Siteserv’s shareholders have just agreed to sell the company for €45m.

And what’s interesting about that? The buyer is a company called Millington, based in the Isle of Man, which numbers Denis O’Brien and Leslie Buckley amongst its owners. But…

View original post 758 more words


April 23, 2012

The Cedar Lounge Revolution

On foot of the sad news that Gerry Foley has died here’s a few pieces relating to him and his life. As a socialist with a profound interest in Ireland and matters Irish and as the author of a number of pamphlets directly linked to that his views of the situation, particularly in the early to mid 1970s are of particular interest.

We start with with a letter from a comrade of his reflecting on his passing and his life.

Dear Comrades,

I just learned from Gerry Foley’s friend in Mexico that Gerry died  suddenly today in Mexico. Gerry called me a few days ago to say that  he was happily moving from his rented home in Mérida to a happy home  in San Cristobol de Las Cases, in the mountains of Chiapas.

Just a few moments ago Gerry was walking into his house. He fell down  and died almost immediately…

View original post 633 more words