have fun for the quantum is themselves like very for the economies of ireland portugal spain greece and to some extent italy where the billions on top on it through the lens and through this over and in order to recover if you want some of the assets in the private sector most pronounced case was of course in cyprus and in ireland and in our in the united case with literally paid off the bondholders in ideas banks using the money borrowed by the exchequer from the troika so in a sense you know and now we are trying to exit the bailout so that the same lenders whom we bailed out in the first place are going to lend us again so they've really inflated all the. the moral hazard as it's called has been re financed for another round of predatory behavior so let's talk about ireland for a second we're told is going to as you mentioned are going to exit the battle out soon when and how and well where will they regain their economic sovereignty will they regain their economic sovereignty as the government is claiming can speak on this a bit of course yes let's let's take it in stages first of a

and the official sector as you call it is basically picking andre's picking on ireland picking off assets in a predatory nature they're not there to help these countries they're here to ransack these countries or am i wrong to some extent you are right in the sense that i'm after certain expanded dramatically it's monday and it's lending in the in recent years part of this is driven by the crisis part of that is driven by the fact that america has already pushed before the crisis for expansion with lending money if and when the capacity so what gardenia of iron is that happened three years ago is an i.m.f. expounded the basis of which they can lend by increasing the country's contributions to the i.m.f. fun and as a result of that our land which was going into the bailout was obliged to pay in several billion euros into the bit into the i.m.f. fund to fund it the same with greece so we have the big build out countries which actually contribute something of capital buffers if you want but yes and general it's less so prevailing in the case of the i.m.f. more prevent in the case of the euro

point of view that ireland has a twelve and a half percent rate versus hopefully after tax reform we have a twenty five percent rate it's the all the avoidance techniques that go around that that really. accentuate the differences and give. very large tax breaks to a few companies while leaving others out the cold. it's a mouthful but the. we need to just sort of get rid of the extremes where there are very low tax rates just for some corporations while other companies like holy domestic companies are retailers or service companies are paying very high rates of tax how do you believe there should be no tax on corporate profits well yes in a perfect world there really is no reason to tax corporate profits at a double doubly they're taxed once at the corporate level and then they are also taxed again when the corporate shareholders receive their dividends and so everybody acknowledges that this is every economist acknowledges that this is a very inefficient system and it's the first thing we should do to improve our. economic growth is to get rid of this however politically it's just a

just our men's league that is optimistic but in july ratings agency standard and poor's upgraded ireland's credit outlook from stable to positive because the country's debts were forming faster than expected so let's get some analysis right now with irish economist david mcwilliams in dublin. so david good news for my own bed. well it started too soon are to be good thing not least because accepting the i.m.f. e.u. troika bailout is regarded by the state or at least i've heard ties and marketed by the state as being the sort of end of the crisis but. we will still be borrowing substantial amounts of money next year the growth rate of the economy hasn't increased in any material way i know typically exiting the bailout as only you only end up paying hedge funds by borrowing from pension funds we don't have means in proper english and clear english so my my sense is that what we have is a situation whereby in the last three years the irish government how the opportunity to change the growth potential of the country to address some internal problems that we have with respect to give vested in

past the ireland keeper. the coach did not mind at all. playing in an unfamiliar role as a striker. >> it is not my favorite position, but that is what the coach decided. we talked about it a lot, and i think the team playing well. -- team played well. played well, but germany looked more dangerous as the match went on. >> germany was not the only european country to qualify for the world cup on friday evening. victory for belgium against croatia means they are headed for the finals as well. there was a giant screen in the city center and celebrations really took up after the final whistle. belgium has not qualify for a major tournament since the 2002 world cup. they are thrilled their team is back among the world soccer elite and on its way to brazil next summer. and switzerland is also through after a 2-1 win against albania. you can find more news about the world cup qualifiers at our website, just go to www.dw.de /sports. in motorsports, it could be a fourth championship on sunday. but in qualifying for t

the island of ireland including both the republican and northern ireland is about 5.5 million.it never recovered a demographically from that. it also affected germany and continental europe what they were not so dependent else was ireland. so this was a huge surge of irish catholics. one of the three largest surges of immigration as a percentage of the pre-existing population in the history. the irish catholic for the first migrating growth to hit primarily to the big cities especially boston, new york and the factory towns. they haven't done very well at forming after all. and they stayed in cities in. they migrated not so much to pursue a dream but to escape a nightmare. they were not prepared for the life of the significant portion of the wave. they have high rates of crime and substance abuse for a generation but they also had a knack for politics. honed in ireland by the movement of dino o'connell of protesting british law. holding monster rally is and constructing local political organizations and irish and american quickly become involved in the machine politics largely

in ireland companies are taxed where their management is based.even though a company may be listed as being a company, if it's management team is inside in ireland it is taxed where it is based. in terms of apple or google, and they'll have companies listed in dublin here, but the management teams may be elsewhere, so under the tax law that's where they are taxed. >> what difference would it make to close this loophole? >> well, in this one here absolutely nothing because really, it's about three companies that were uncovered in the u.s. senate of may this year. where they found and were quite astounded, there were apple subsidiaries listed but as tax purposes were not listed anywhere in the world. they found this absolutely amazing. it seems to save some face th te irish government has tried to move. rather than being listed as stateless for tax purposes, more than likely it has a tax haven elsewhere in the world. >> and that would not satisfy people who want to clamp on what is seen as tax avoidance and tax evasion. why is the irish government d

a little bit irish and i hope that's enough to merit this truly beautiful spirit of ireland award.'m very thankful. >> the event was organized by the dublin sister program. doesn't she look beautiful? >>> she definitely does. it's a bit cool out there. it's going to be cool in the morning. temperatures in the 40s. we're going to see widespread 40-degree readings tomorrow morning. we're looking live from the golden gate bridge. the low clouds are going to spread back in with the cool temperatures. sunny skies for friday afternoon and still on the cool side, 60s and low 70s. more of the upper 70s around the bay area for the weekend. i think this is a good interpretation of what's going to happen out there tomorrow. this shows fog stretching into the delta and san jose. this is the 8:00 hour. from 8:00 till noon we see the fog retreat back to the coast line. we're going to start to hit the 70s in the afternoon. in the morning, 47 in oakland, 48 in pleasant ton. low 70s for the bay. 70s for the inland valleys, 60s for the east bay shore line. 60s for most of the morning. afternoon we'l

better state to a send the like south pole it's a goal site press greece would you say say what's ireland doing i mean it's a very very different economy to portugal or cyprus are greece in the sense that we have some parts of the economy which are probably the most productive in the euro if not most of the developed world so i don't think it's fair to compare us to the others and say we're doing well we might matrix for doing well i don't know what yours is employment is income is emigration is the lives of ordinary people and the lives of ordinary people have been. totally affected negatively by the last couple of years but what we find rather desires that the bond market which is largely dancing to mr germany's tune as long as he promises to do whatever it takes to save the euro bond yields remain low all around the periphery of europe . they are true. but to your great success we live in the country i have children a country of relations and a country working here i see a very very different picture one where domestic demand is entirely flush one where people's incomes are following o

so just to remind you back in twenty ten ireland was forced to take an eighty five billion euro bad out of the country's biggest banks collapse befalls forward to twenty thirty and it's not just our men's league that is optimistic but in july ratings agencies downs and pools upgraded islands credit outlook from stable to positive because the country's debts were forming faster than expected so there is a my mother says right now while with irish economy david mcwilliams interrupted him. so david good news for my own bed. well it started too soon arctic the good thing not least because i was a team b. and i am a e.u. troika bailout is regarded by the state or at least of our ties and marketed by the states as being the sort of end of the crisis but. we will still be borrowing substantial amounts of money next year the growth rate of the economy hasn't increased in any material way i know typically exiting the bailout is only you only end up paying hedge funds by borrowing from pension funds because it means in proper english and clear english so my my sense is that what we have is a situ

facebook is one of the big growth stories here in ireland.ct, it's expanding just down the road its irish offices. so it is a huge name in technology here. but many start yaups, as well. double digits, about 13 odd percent. so getting a fast growing industry like technology up and running and getting the employment that goes with it is key to ireland's fortune. i want to talk more about what is going on in this space. joining me now is ryan holmes, founder and ceo. your business is very interesting because i've linked up my twitter and facebook accounts and when i post, it goes to the other. i go and check my private e-mails, my work e-mails. what is the way to get all this connect and had to make life simple for me? >> that's right. we help people connect twitter, facebook, linkedin, about 30 others social networks all in one place. you can schedule, accepted out messages to all of them and learn what people are clicking on, how they're engaging with the content, what types of content. we help teams work more effectively and help using socia

in the wake of the global financial crisis europe was had the worst ireland a country of four and a half million people is still coping with the effects of negligent banking practices that. simply an idea of the corruption surrounding the irish banking system when asked how angle irish bank had come up with its bailout figure the bank's executive said i picked it out of my arse that's a direct quote because of these nefarious banks austerity measures have severely impacted millions of irish and one political party is fighting back against the financial system that's led to the foreclosure of thousands of irish homes the direct democracy party has been around only for three years but it's already gaining huge momentum across the country the party's leader ben gilroy joined me earlier to talk about his political platform and why he's being persecuted by the irish media and government. direct democracy is where people can initiate referendum most countries to people in the country can do it we had it in our first constitution and. were taken note and when our second constitution come in we

was had the worst ireland a country of four and a half million people is still coping with the effects of negligent banking practices and i disagree an idea of the corruption surrounding the irish banking system when asked how angle irish bank had come up with its bailout figure the bank's executive said i picked it out of my arse that's a direct quote because it is the ferias bank's austerity measures have severely impacted millions of irish and one political party is fighting back against the financial system that's led to the foreclosure of thousands of irish homes the direct democracy party has been around only for three years but it's already gaining huge momentum across the country the party's leader bangle roy joined me earlier to talk about his political platform and why he's being persecuted by the irish media and government. direct democracy is where people can initiate referendum most countries to people in the country can do it we had it in our first constitution and. were taken out and when our second constitution come in we want them article sportbike could be a bit like

cietours.com. >> and by tourism ireland. >> ride like the wind. or skip if you like. be swept up by our history. jump into ireland, discover ireland.com. >> and by today you will find the irish americans where the need is greatest, giving time, money, talent and concern to whoever needs it most. contributing as the irish can to the spirit of america.

it has been a rough few years since the 2008 economic crash in ireland. but some parts of the economy are recovering. the consumer confidence. retailers say that shoppers are now willing to spen more. but not all types of retail are on the mend. according to economic and social research institute, ireland's consumer sentiment rose to a six-year high in september. boosted by positive news with jobs and property markets. that is welcome news for retailers who hope their financial struggles over the past few years are mostly behind them. retail businesses say they now see an improvement in spending. although customers are still demanding a lot more for the money. >> a lot of the products are high-priced tonics. we should -- high-priced products. we offer quality and value. >> demand hasn't increased in every market sector. retailers say ladies fashion, pharmacy and home interiors are still suffering. the collapse of ireland's residential property market in 2008 seriously damaged the retail industry, such as home interiors. for as mrs. looking at recent consu

and so, this work is in the street view and then in 2009 i participated in a residency in ireland. and when i looked for information, i was directed to wisconsin. and so it is one of the oldist towns in ireland and around the 1940s a lot of irish people immigrated to the utah and a few set up in newtown, in wisconsin. and in the google maps you will find the street view and the first building that you see is a barn, a typical barn. and i find it interesting that out of everything in town that has not been photographed by google yet and also this idea of when you are looking something original, you find a certificate. and so, i copied this barn and placed this facade or prop in the most resymboling location in the original town of ireland. and the idea was we thought that the google car would come by, that this image would be picked up and the barn would exist in both. it was up for two weeks but i knew that the car was in the neighborhood. but recently i found out that after two years, it did. so now there is a google street with the same house. and i really like that idea of trans

when nelson mandela came to ireland as president many years later, he referred to these women. they knew about the sacrifice of ordinary women because they believe in justice. we need young people and women and others to stand up now which thee way in corporate sector that is engaged in fossil fuels is buying bad science, spreading wrong information, and try to prevent us from addressing what we really need to address, which is transformation leadership to low carbon growth. >> what would divestment lead to? >> i think it really would lead to a recognition that we are talking about stranded assets. that is a term many people aren't yet fully aware of. knoink of asbestos, you we know it is dangerous so people won't use it. we have to get to the same situation. we are not going to do it overnight. we actually need to recognize developing countries need more time to adapt. so i would like to see europe and the united states and korea and other parts of japan moving more quickly, as germany is because weenewables have the responsibility. it is our fossil fuel-led growth that is cau

mr kerry did warn that the country's financial troubles on so just turn my view back in twenty ten ireland was forced to take an eighty five billion you're a bad out of the country's biggest banks collapse but falls forward to twenty that eve and it's not just our men's league but is optimistic in july ratings agency standard and poor's upgraded islands credit outlook from stable to positive because the country's debts were forming faster than expected so let's get some analysis right now with irish economist david mcwilliams in dublin. so david good news from my bed. well it started too soon arctic the good thing not least because accepting me i am an e.u. troika bailout is regarded by the state or at least i've heard ties and marketed by the state as being the sort of end of the crisis but. we will still be borrowing substantial amounts of money next year the growth rate of the economy hasn't increased in any material way i know to make the exiting the bailout is only you only end up paying hedge funds by borrowing from pension funds because it means in proper english and clear english s

our very own catherine has been selected as the 2013 recipient of the spirit of ireland award.ward is presented to individuals whose accomplishments have helped the relationship between san jose, silicon valley, and ireland. the event was organized by the dublin sister city program. it focuses on developing cultural, economic, and sporting ties between san jose and dublin and silicon valley. >> i hope that makes the more even irish and is truly beautiful spirit of ireland. i'm very grateful. >> catherine: thank you so much! >> pam: this was organized by the dublin sister program. >> stanley: coming up. this was just because i've wanted to get a copy of the health inspection report in the next edition of people behaving badly. >> pam: coming up a nuclear threat action what is new at the box office. look at them with that u-verse wireless receiver. back in our day, we couldn't just move the tv wherever we wanted. yeah, our birthday entertainment was a mathemagician. because if there's anything that improves magic, it's math. the only thing he taught us was how to subtract kids fr

this tornado over ireland, a freak tornado that touched down, only lasted a few minutes but did manage to cause some damage. no deaths thankfully related to the tornado. it killed some livestock and completely destroyed an historic cemetery, knocking over headstones in that area. here's another look at that same tornado. you see the church steeple. the people here are quite surprised at what they're seeing. >> oh, my god. >> it looks like it's in a residential area. it is remarkable no one was injured. >> reports say about 700 homes lost electricity in this tornado over ireland. now, to another island community. over po puerto rico. >> this one looks like a geyser or that something's on fire or something. almost looks like smoke. >> it does at the beginning but it does pick up energy. once the sky picks up defbury, it looks a lot less like steam or smoke. see the trees start to blow back and forth? then you really hear the wind. >> oh! >> yup, tree goes down right outside of that window. this guy appears to be driving along in his car, shooting out the windshield. see what looks to be

ireland nugent received a new pair of prosthetic legs thursday, after spending the last several months confined to a wheelchair. and her family says she's taken to them like her real legs. the family will have to return to the hospital every few months, to fine tune the legs to keep them in proportion with ireland's growth spurts. ad lib toss to dawn brown what could have caused this small plane to crash in a field in arizona, killing all four people on board? we'll tell you what witnesses saw....coming up. and we'll explain why battling a massive blaze like this has been a nightmare for firefighters in california. much more ahead, when the late edition continues. four people are dead, as authorities try and figure out what caused a small plane to crash in arizona. federal investigators say the plane went down on a ranch just west of the small town of paulden. witnesses say they saw the plane clip several trees and possibly a radio tower before exploding as it hit the ground. a... large fire erupts ...at a recycling center... in stockton, california. you could see the flames... high in

, germany has clinched its spot in next year's world cup in brazil with a convincing victory over irelandthe german squad made it look easy friday night, knocking in three goals while keeping a clean sheet. the three points that secure germany's qualification never looked in doubt. the players gave their coach and easy night. a huge credit to the players that they kept pushing hard and how motivated and professional they remained through the qualifying campaign. i am proud of the team for the way they have accomplished this. >> germany took control of the match early on, putting pressure on ireland in their own half. the strategy paid off in the 12 minute when it became 1-0. of theas an element goal, a deflection to get past the irish keeper, but the coach did not mind at all. germany had clear-cut chances the rest of the half, playing in an unfamiliar role of striker. my favorite position, that is what the coach decided. i think the team played well. defensively,ayed but they looked more dangerous as the match went on. they had several chances and eventually doubled the lead. the victory

certainly i think ireland is the one to go with. be interesting to see if they do let them get away with fully exiting this bailout program. as prime minister kenny put it, weakening their economic serenity. that's the crucial issue here. ross, back to you. >>> jules, thanks so much for that. will ireland deviate from its tough stance on austerity in tomorrow's budget. log on to cnbc.com for the full story. we'll take a short break. still to come, a tale of two automakers. peugeot hopes for help and bmw is hoping for bumper sales. more when we come back. [ female announcer ] what if the next big thing, isn't a thing at all? it's lots of things. all waking up. connecting to the global phenomenon we call the internet of everything. ♪ it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. we're going to wake the world up. and watch, with eyes wide, as it gets to work. tomorrow starts here. what do you do when you can no longer get around like you used to? when you fear losing your independence? who do yo

>> reporter: thinking about people like james mcbennett of dublin, ireland.his company, fabzi, uses compute to control woodworking tools like this. the machine cuts a piece of furniture to exact specification so it could fit in, say, a small new york city apartment. >> what i want it to be is about downloadable files to make furniture and it's in a way a combination 0 between itunes and ikea. >> first thing that comes to mind, natural market in the united states. why not do this in the united states? >> for me to go there personally, i can't go for visa reasons. >> reporter: mcbennett would have liked to have start in brooklyn, new york. >> if you want to get inlpm the ideas that areqgi really early need to move to the best place to do that and still remain at low cost. >> reporter: that's where nicholas shea comes in. he realized chile could be that place. so the first thing he did was to conduct his own personal focus groups at stanford university. >> we asked them, what would vie to do for you to come to chile for a while? >> reporter: this young chilean e

in ireland, a family now fighting to be reunited with a young girl they insist is their chide. a couple from the roma community. more commonly known as gypsies. they say they have submitted dna samples and hope police will release their daughter into their custody. this is a case that just days after another child was removed from a roma family in greece. aaron mclaughlin is in ireland with the very latest. >> reporter: in a dublin suburb less than 48 hours ago, the police known as gardi here took a little girl away from her roam malfamily and put her in the care of social services. after a tipoff to the host of a local crime show. >> we were told she had blue eyes, told she was around 7 years of age, told she had blonde hair. the mother and father produced documentation as i understand it, but the guarde were not satisfied with that. >> thousands of miles away in greece, polices are searching for the parents of another fair-haired girl known only as maria. she was found living with a roma community there. the couple posing as her parents now charged with child abduction. >> th

. >>> a new pair of prosthetic legs for a little ireland nugent. she lost both legs last april when her father accidentally backed over her with a riding lawn mower. her first pair of prosthetics had to be removed because of bone spurs but now little miss ireland is back on her feet. >> she doesn't know the difference or that anything is out of the ordinary. it's like a new toy for her. she doesn't realize out important it is. we are trying to take it day-by-day and get her walking and as long as she is happy, i'm happy. >> ireland wants to be a ballerina when she grows up and i would not bet against that little girl. is she adorable or what? >> look at her walk on those legs. >> here i come, world! try to stop me! love that. >> 37 minutes after the hour. >>> he is the first pope to take the name of st. francis. now the new pontiff will visit the birth place of his name sake. he is known for renouncing his health and embrace is poverty. pope francis will take the issue of the poor. so important for this pope. he is a so-called people's pope, he is

let's hope it is one for ireland, ross. >> good stuff. thanks for that, ross. come up tomorrow, karen will have interviews with the current rising stars ryan homes and hoot suite. that's tomorrow. right now, you need to keep et here on cnbc. coming up with the countdown to the opening markets stateside, whatever happens, though, we hope you have a profitable day. bye for now. >>> good morning. kathleen sa beebul will face questions on capitol hill. meantime, the president will defend his speech in boston. in market news, the fed is wrapping up a two-day fed meeting with a policy announcement. .then, jobs in america, the government's october employment report may be delayed a week due to the shutdown of the government, but adp's private survey will be released this morning. it's wednesday, october 30th, 2013. "squawk box" begins right now. >>> good morning, everybody. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin. and on today's agenda, health and human services secretary kathleen sebelius will testify before

what he knows and what i know is that everyone in northern ireland has to try to come together to talk about a shared future and to try to leave the past behind. rural post offices are vitally important but they need more government were to survive. he have to continue to pay pensions and benefits. they also act as a front office for government. will the prime minister encourage all his ministers to give more government were to post offices? to see the post office network survive and indeed thrive. unlike the last government to solve nearly one third of the rural post office network close, we have committed that no post office will close in this parliament. i absolutely hear what he says. the current arrangements for -- collectingneth pensions and benefits will stay in place until at least 2015 and the post office is discussing an extension to 2017. >> mr. speaker, at one point 5 million people in the uk are to drugs. i no one individual who has been on these products for over 45 years, total life ruined. drug abusers, their victims of the system of repeat prescriptions. with the prime

from great expectations bitter disappointment ireland's about to end its history a bailout from its aeuropean partners will ask if it's strong enough to go it alone after the break. well. it's technology innovation all the developments around russia we've got the future covered. more news today violence is once again flared up. these are the images the world has been seeing from the streets of canada. showing corporations rule the day. thanks for staying with us here on our team calculating the actual number of victims from the u.s. led war in iraq isn't easy but a new study based on speaking to iraqi households suggests that almost a houseful of a million people have perished as a result of the conflict violence all the countries battled health kate now we also one of the surveys author is why many people soon believe the level of fatalities is listen to this. clearly the public in both the u.s. and u.k. . underestimates the number of people who died in iraq as a result of the war and that's been true for a long time and i think it's the result of a very specific deliberate. strategy

greece is not the only country that's being victimized by the troika you also have the country of ireland we saw something happening in cyprus and italy is also on the chopping block as well in terms of the shocks at the i.m.f. and the troika circling if greece is too foolish not to take this direction forward for whatever reason could a country like ireland or cyprus or portugal or possibly italy could they step up and and and be the leaders in this. to fight back against what i call the financial terrorism of the troika your thoughts. is this i mean any country in who is a member of the ural so i'm just have the possibility to suit their alternative scene and someone in these countries can do this and if he's successful it can spread the program was early asked for simply technical reasons you had to make paper bills or even coins to make parallel turns just today you're going to be good for the whole nation in the won't sue extra legally so i think this is this is just something that's around the corner it's just like the digital camera substituting or. maybe the depth of the feel calm

from great expectations too big to disappoint been ireland's about to end its three bailout from its european partners but ask if it's strong enough to go it alone some to the bank. this immediately though shall we leave that may be. part of the scene motions to the. whole of the. issues that no one is that still with the guests that deserve answers from. politics. mission pretty good you take three months for free. range free. free. free. world free volunteer video for your media project and a free radio down to our t.v. dot com. you're watching archie for more international news now calculating the actual number of victims of the u.s. led war in iraq isn't easy but a new study based on speaking to iraqi households suggests that almost half a million people have perished as a result of conflict violence or the country's abetted health care now we asked one of the surveys authors why many people still believe the level of the teletubbies is much lower clearly the public and both the u.s. and the u.k. . underestimates the number of people who died in iraq as a result of the war and th