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Category Archives: NAMA

One of the main problems behind the boom-to-gloom economy is the illusion that buildings create value, or at least some kind of buildings. As I’ve written before, making things is crucial for our survival, but to keep making the wrong things for the wrong reasons is counterproductive, or put it more direct – stupid. Making things is good if these things are needed. If they are not needed, don’t make them. This applies to buildings as well. There’s no point building a garden shed if you don’t need it.
But more seriously, do we need more shopping centres in Limerick? I read in the Limerick Post today that the current Mayor of Limerick, Jim Long, wants more of the UK chains further dilute the viability of the few existing shops in the city.

“…my own preference here is for the Sainsbury, Marks and Spencer and the Asda chain, so successful in the North of Ireland.”

Now, that is the most stupid thing I’ve read, when said by a Limerick politician while the Limerick City Centre is decaying due to that the City and County have built an almost endless number of retail parks (what an oxymoron!) around the city. For each big chain store that opened along Childers Road, Ballysimon Road, etc., the local and often family run shops in town were forced to either close or relocate. You get what you plan for.

Parkway Valley chaos

Looking at the Parkway Valley area, there was a plan approved to build one of the largest shopping malls in Europe, which is totally insane when you consider that the population of the Limerick area is only about 140,000. The originally almost useless land on the east side of the Singland plane was envisaged to be worth multimillions if commercial rents and rates could be extracted for every square meter of soggy old flood plain. With the current state of the site, with massive unfinished concrete structures in place, the land is even worth less, and in my opinion it now has a negative value as the land cannot be used for anything sensible.

With the so called Opera Centre (which is a silly name), we still have time to do something more sensible. I think we should apply the term un-building to the site, which basically means to remove the derelict buildings and restore the land to a state where grass, trees and plants can grow, people can walk, play and breath and perhaps even have a few allotments for growing vegetables. Just imagine how inviting the city may look if the entrance to the city centre was green. By un-building, we open up all kinds of possibilities for the future while being able to enjoy the place now.

dead christmas tree

Arab Spring – a novel elastic form of democracy, originally developed in North Africa. It’ll never work in Ireland due to scattered showers and sunny spells.

Bailout – letting perpetrators get away while asking for more. Cf. dig-out, whip-around.

Billion – something you have never had but that you now have to pay to someone you don’t owe.

Bonus – an absurd amount of money paid to laid-off politicians, bankers, quango board members and higher civil servants in return for amnesia.

Crisis – what politicians and bankers experience when realising that their goal (making themselves richer) is not congruent with the goals of the general public.

Deficit – the current measure of trust in authority.

Haircut – a bald move, if succesful.

Household charge – the amount of electricity it takes to charge a mobile phone.

NAMA – an Irish nonsense word (cf. Bla bla bla), used for explaining all unmentionable things, avoiding truth (a.k.a. lying) and as a motivation for all kinds of unreasonable an irrational political decisions.

Occupation – reclaiming what is already ours.

Trolley – a major attraction in Irish hospitals. To be placed on a trolley makes you realise you’ve been taken for a ride, for years.

…to be continued…

>Some people’s hot

Some people’s cold
Some people’s not very
Swift to behold
Some people do it
Some see right through it
Some are pro-NAMA
If only they knew it

The pro-NAMA people are boring me to pieces
They make me feel like I am wasting my time
They all got flannel up ‘n down ’em
A little trap-door back aroun’ ’em
An’ some cozy little FTSE‘s on their mind

pro-NAMA people!
pro-NAMA people, people!
Lawd, they make you sleepy
With the things they might say
pro-NAMA people!
pro-NAMA people, people!
*Mother, Mary ‘n Jozuf*, wish they’d all go away!

pro-NAMA people!
It’s a pro-NAMA people special…
Take one home with you & save a euro today
pro-NAMA people!
pro-NAMA people, people!
Wrap ’em up
Roll ’em out
Get ’em out of my way

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