Thursday 18 January 2018

Bank bailout record

AN application has been lodged with the Guinness Book of Records to award Ireland with the dubious honour of having the World's Most Expensive Bank Bailout.

The application was submitted online by the campaign group Debt Justice Action, detailing how much Ireland has poured into the banks which is estimated to be in the region of €67bn. The group will discover in four to six weeks' time whether their bid has been successful.

€1.7m for energy idea

THE Government is to fund research to help reduce energy costs for large manufacturing plants.

Some €1.7m will be allocated to a cross-border project between the Limerick Institute of Technology and University of Ulster which will develop better manufacturing techniques to help reduce energy costs. The Total Energy Management for Production Operations (TEMPO) project will develop a system to monitor overall energy consumption during the manufacturing process. Energy Minister Pat Rabbitte said the project would link research with the needs of industry, which would help reduce costs.

Toy joy for charity

THE Society of St Vincent de Paul is spreading some festive cheer after receiving an unexpected gift of €3,000 worth of new toys. The society's branch in Tralee, Co Kerry, got a sack full of gifts destined to brighten up the lives of the county's poorest children.

The charity has seen a 38pc increase in the demand for toys this year. Christy Lynch, chairperson of St Vincent de Paul in Tralee, said that the unexpected donation from the owner of Toby World, a local children's activity centre, came completely out of the blue. "There are so many people in trouble and the toys that are on display here today will do so much to facilitate these people with toys. This is the biggest donation of toys that we've got and we can't begin to thank them enough," he said.

Irish Independent

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