Limerick TD – Save Shannon slots

first_imgOne of the world’s most unusual aircraft arrives at Shannon Airport Shannon Group statement on the Aer Lingus decision to close its Shannon Airport base Advertisement NewsBreaking newsLimerick TD – Save Shannon slotsBy Bernie English – January 19, 2015 694 Aer Lingus announcement for Shannon base – Limerick Chamber statement Previous article100 jobs on way from AMAXNext articleDream of a City; poem for the day Bernie Englishhttp://www.limerickpost.ieBernie English has been working as a journalist in national and local media for more than thirty years. She worked as a staff journalist with the Irish Press and Evening Press before moving to Clare. She has worked as a freelance for all of the national newspaper titles and a staff journalist in Limerick, helping to launch the Limerick edition of The Evening Echo. Bernie was involved in the launch of The Clare People where she was responsible for business and industry news. WhatsApp Shannon Airport “has been abandoned” Facebook Emailcenter_img Twitter Linkedin Urgent action needed to ensure Regional Air Connectivity RELATED ARTICLESMORE FROM AUTHOR As IAG was reported to be preparing a third and final bid for Aer Lingus , Limerick TD, Kieran O’Donnell (FG), has expressed his concern that Shannon’s Heathrow routes be preserved, and has confirmed that he will be raising the issue in the Dail this week.“This is a matter of absolute importance to me”, said Deputy O’Donnell.  “This is critical for Shannon, Limerick and the entire region in terms of gateway connectivity and jobs.Sign up for the weekly Limerick Post newsletter Sign Up “The government must ensure that the State’s 25.1 per cent strategic shareholding in Aer Lingus is used to preserve the most strategic of all air connections, the Heathrow slots.“All the great work that has been done in strengthening Shannon airport would be undermined were the Heathrow slots to come under any threat in an impending deal for Aer Lingus,” he said.“Shannon’s independence has been successful, with passenger numbers through the airport increasing very strongly since the government made it independent.  In 2007, the Shannon slots were redeployed by Aer Lingus for the Belfast routes, and heralded a period of decline in Shannon that has only been halted recently.  This shows the crucial importance of these slots for Shannon airport.“I hold my views on this issue very strongly, and I am raising this in the Dail chamber this week.“We have worked very hard here in Limerick to bring in investment and create jobs.  Air connectivity is one of the key elements in this.  Heathrow is the most important hub in the world, and the government’s strategic shareholding must be used to ensure that Aer Lingus’s slots are used for the strategic benefit of Irish regions.  This underpins Shannon’s broader role as an economic generator in the Mid-West region, and means that Shannon is the only airport on the Western Seaboard with a direct Heathrow connection.“These slots are absolutely critical for Shannon, Limerick and the Mid-West as they allow us to connect directly with Heathrow and from there, all of the major financial and investment centres in the world.“Aer Lingus’s slots in Heathrow are a unique national asset from which we in the Mid-West derive some really crucial benefits.  These assets must be preserved for the people. TAGSAer LingusfeaturedKieran O’DonnellShannon airport Sad day for Limerick and Mid-West following Aer Lingus announcement – Mayor Michael Collins Printlast_img read more

Shannon Airport should be turned over to US Air Force

first_imgWATCH: “Everyone is fighting so hard to get on” – Pat Ryan on competitive camogie squads Print Email RELATED ARTICLESMORE FROM AUTHOR Previous articleSchool bus driver who had ”inappropriate relationship” with female pupil is found not guilty of sexual assaultNext articlePREVIEW: Intermediate semi finals and SHC & IHC relegation battles Alan Jacqueshttp://www.limerickpost.ie Twitter Limerick’s National Camogie League double header to be streamed live Linkedin WhatsApp TAGSKeeping Limerick PostedlimerickLimerick PostShannon airport center_img Limerick Ladies National Football League opener to be streamed live Billy Lee names strong Limerick side to take on Wicklow in crucial Division 3 clash Predictions on the future of learning discussed at Limerick Lifelong Learning Festival LimerickNewsShannon Airport should be turned over to US Air ForceBy Alan Jacques – September 11, 2020 8022 Facebook THE lease for Shannon Airport should be turned over to the US Air Force.That was the view expressed by Independent County Limerick councillor Emmett O’Brien at this Tuesday’s meeting of the Adare-Rathkeale Municipal District.Sign up for the weekly Limerick Post newsletter Sign Up He was responding to a call from Fianna Fáil councillor Kevin Sheahan, who proposed that the Mayors of Limerick, Clare, Tipperary and Galway meet urgently to come up with a plan to save Shannon Airport before it becomes a “white elephant”.Cllr Sheahan was also quick to make light of Cllr O’Brien’s comment about the lease for Shannon Airport being turned over to the US Air Force.”That will make the headlines for sure. It’s cracked,” he said.However, Cllr O’Brien believes a “radical rethink” is now needed on the future of the airport.“As long as I’m looking across the Shannon, I’m hearing stories of Shannon Airport’s impending demise. We hear plenty of grandstanding and mindless waffle from well paid TDs talking a lot and saying nothing about how to save Shannon Airport,” the Pallaskenry native told the Limerick Post after Tuesday’s meeting.“We need a left-field approach. In this proud Republic, we have to pick up the phone to the ‘perfidious Albion’ and plead with the Royal Air Force (RAF) to protect our national air space as Russian military aircrafts deliberately encroach on our sovereign territory.“Meanwhile, American service men still pass through Shannon under great secrecy. It’s high time to admit reality, the reality that we need a radical approach. If that means leasing Shannon to the United States Air Force, than let’s, at least, have the conversation,” Cllr O’Brien said.Speaking in County Hall this Tuesday, Cllr Kevin Sheahan also called for the 40 members of Limerick City and County Council to come together and show their support for Shannon Airport in its hour of need.”While Aer Lingus abandons it and moves all its transatlantic flights across the water, we need a plan for the future of Shannon Airport before more damage is done,” Cllr Sheahan declared. Advertisement Donal Ryan names Limerick Ladies Football team for League openerlast_img read more

Record Highs in Price Appreciation Might Not Be Sustainable

first_img Previous: Why is Miami Ranked Among Weakest Markets? Next: CFPB: One Million Complaints Handled and Counting in Daily Dose, Featured, News Subscribe Tagged with: Case-Shiller CoreLogic home price appreciation Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The current pace of home price appreciation, considering that inflation is below the Federal Reserve’s target rate of 2 percent, is probably not sustainable, but the housing market is not in immediate danger of collapse similar to 2008, according to the S&P CoreLogic Case Shiller National Index for July 2016 released Tuesday.The index is just above half a percentage point from its all-time high—reached in 2006 during the bubble—and home prices appreciated by 5.1 percent over-the-year in July, slightly higher than June’s pace of 5.0 percent. The three cities with the highest over-the-year home price appreciation in July were Portland (12.4 percent), Seattle (11.2 percent), and Denver (9.4 percent).“The S&P CoreLogic Case Shiller National Index is within 0.6 percent of the record high set in July 2006,” said David M. Blitzer, Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices. “Seven of the 20 cities have already set new record highs. The 10-year, 20-year, and National indices have been rising at about 5 percent per year over the last 24 months. Eight of the cities are seeing prices up 6 percent or more in the last year. Given that the overall inflation is a bit below 2 percent, the pace is probably not sustainable over the long-term. The run-up to the financial crisis was marked with both rising home prices and rapid growth in mortgage debt. Currently, outstanding mortgage debt on one-to-four family homes is 12.6 percent below the peak seen in the first quarter of 2008 and up less than 2 percent in the last four quarters. There is no reason to fear that another massive collapse is around the corner.”CoreLogic’s Home Prices Insights Report for July reported a slightly higher increase in home prices year-over-year, at 5.4 percent excluding distressed sales (6.0 percent including distressed sales). That report stated that home prices are expected to appreciate at a rate of about 5 percent over the next year.“If mortgage rates continue to remain relatively low and job growth continues, as most forecasters expect, then home purchase are likely to rise in the coming year,” CoreLogic chief economist Dr. Frank Nothaft said. “The increased sales will support further price appreciation.”Since the last rate hike by the Fed in December, which was the first in nine years, mortgage rates have plummeted to near record lows. Analysts are forecasting that the economy will have shown enough gains to warrant another rate hike by the Fed in its December meeting.Mortgage rates are expected to stay low for the near term following such an action by the Fed. But what effect would it have on home price appreciation?“Both the housing sector and the economy continue to expand with home prices continuing to rise at about a 5 percent annual rate,” Blitzer said. “The statement issued last week by the Fed after its policy meeting confirms the central bank’s view that the economy will see further gains. Most analysts now expect the Fed to raise interest rates in December. After such Fed action, mortgage rates would still be at historically low levels and would not be a major negative for house prices.”Click here to view the complete S&P CoreLogic Case Shiller Index.Click here to view the complete CoreLogic Home Price Insights Report. About Author: Kendall Baer Case-Shiller CoreLogic home price appreciation 2016-09-27 Kendall Baer Home / Daily Dose / Record Highs in Price Appreciation Might Not Be Sustainable Sign up for DS News Daily Related Articles Servicers Navigate the Post-Pandemic World 2 days ago Record Highs in Price Appreciation Might Not Be Sustainablecenter_img  Print This Post September 27, 2016 1,110 Views Kendall Baer is a Baylor University graduate with a degree in news editorial journalism and a minor in marketing. She is fluent in both English and Italian, and studied abroad in Florence, Italy. Apart from her work as a journalist, she has also managed professional associations such as Association of Corporate Counsel, Commercial Real Estate Women, American Immigration Lawyers Association, and Project Management Institute for Association Management Consultants in Houston, Texas. Born and raised in Texas, Baer now works as the online editor for DS News. 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