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Wednesday, 9th August 2017

Michael Garland,

bizBoost Chair,

Waterford Business Group

Our Showcase Weekend!

It has to be one of the most eagerly anticipated weekends of the year. The annual “Spraoi Bank Holiday in August”, as we all now call it.

The 2017 three-day event was even more special this year, as we were celebrating the 25th Birthday, of this festival of street music and entertainment. An event that, in all honesty has probably grown to such an extent, that those originators who came up with the idea, are pinching themselves very hard.

Who could have imagined that from such a small acorn, a whole forest would grow?

Spraoi 25, has brought to Waterford City, brand new international acts and a plethora of exciting, innovative and extraordinary home-grown talent. Year on year we see this festival “Reinvent” the concept of street entertainment. This production seems as fresh as ever. It is

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Wednesday, 9th August 2017

A 2014 Garda Inspectorate Report entitled “Crime Investigations” revealed many worrying statistics. The Inspectorate reported many concerns in how crimes were recorded or in some instance crimes were not recorded at all. The report highlighted that 45% of Domestic Violence crimes reported to Gardaí failed to be recorded on the Garda PULSE system.

A subsequent report conducted by the CSO entitled “Review of the quality of crime statistics 2016” uncovered that in respect of Burglary and Robbery that 45% and 41% respectively were reclassified and downgraded to a less serious crime without justification. In 2015 alone 33% of recorded crimes were reclassified without justification. 18% of crimes where recorded as detected or concluded when in fact they had not.

Brendan Byrne Waterford City West & Tramore Labour Representative who compiled an article in response to the growing number of people who fell

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Wednesday, 9th August 2017

John Smiles

Qualified Financial Advisor

What is an Emerging Market?

The MSCI Emerging Markets Index contains 24 countries representing 15% of the investable market.

29 years ago there were just 10 countries in the index, representing just 1% of the market.

In the decade from 2003, emerging markets went from 24% of worldwide GDP up to 43%.

Anyone savvy enough to invest in this sector has been very well rewarded with average annual returns of up to 9.6% pa over the past 10 years.

Unfortunately, there is no standard, widely accepted definition of an emerging market.

Classification systems vary widely but are generally based on the World Bank's methodology for classifying markets as developed or developing.

Countries with high levels of per capita income are classified as developed.

Those countries with low, middle, and upper-middle incomes per capita, relative to incomes in developed countries are classed as developing or emerging.

Countries

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Wednesday, 9th August 2017

Deputy Mayor of Waterford Cllr. John Cummins has said he is confident that the state investment required to facilitate the North Quays & Michael St/New Street retail development will be forthcoming. Cllr. Cummins was speaking following a meeting with Taoiseach Leo Varadkar which was attended by all Waterford Fine Gael councillors and Senator Paudie Coffey.

Cllr. Cummins said the cost benefit analysis by Indecon had indicated a positive return to the state for the capital investment required. “The €61.5m required for the infrastructure is a very significant sum but in order to facilitate the Al Hokair development, infrastructure improvements are required. The figure takes account of improvements that must be made to the Dock Road and Abbey Road with new routes on to the site, a new pedestrian and public transport bridge and a transport hub that would house a relocated

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Wednesday, 9th August 2017

Nominations for the third annual Pakman Awards are due to close just weeks from now on Thursday 31st August. The awards, which celebrate excellence in waste management and recycling, will be held on the 26th October 2017 in the Intercontinental Hotel, Dublin 4 with RTE correspondent Claire Byrne taking the role of Master of Ceremonies. Over 400 guests will attend on the night.

Any Irish business, organisation or community group is eligible to enter and submissions will be judged on excellence in waste management practices from January 2016 to January 2017. Previous winners of Pakman Awards include University College Cork, Aldi, Allied Irish Bank, Raidió Teilifís Éireann, The Sandymount Hotel, Sligo Country Council, Lidl, Meade Potato Company, Recreate Ireland and Rehab Glassco.

Not only will this year’s ceremony mark the third year of the awards, it is also the first year of

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Wednesday, 2nd August 2017

Michael Garland,

bizBoost Chair,

Waterford Business Group

We are being heard, but no one is really listening!

There is a very distinct difference between hearing and listening. When you hear something, your ear is quite simply picking up and perceiving a particular sound. If you remember your Physics classes in secondary school, you hear and then your brain interprets those sound waves and vibrations.

Listening on the other hand, is a conscious effort to choose what you want to hear. To do this, you must concentrate on the messages you receive and understand them. Many of our senses are involved in listening and the result is more often than not, an immediate call to action. Whether that be a fight or flight response, or a simple “Yes, I am listening” response, to when Mrs

Garland asks you about housework, when Scotland are playing rugby, on the

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Wednesday, 2nd August 2017

What is ‘Euro Cost Averaging?’

One of the biggest dilemmas investors face is market timing. Jumping in and out of markets on a regular basis not only requires constant monitoring of daily events but also requires the skill to act on such events. Even the best fund managers avoid trying to catch the top or bottom of a market.

The fact is, it’s impossible to time markets perfectly, so it’s best not to try.

Most of us want to invest and achieve the best returns for our future but we don’t want to put our hard earned capital at risk, just at the wrong time. Ideally we would like to improve our chances of entering the market at the right time. One way of doing this is to spread or drip-feed your lump sum into the market as opposed to investing it all

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Wednesday, 2nd August 2017

Help to Buy Scheme beginning to deliver supply in first-time buyer market

The Construction Industry Federation (CIF) estimates that the level of new residential completions for 2017 will be in the region of 18,000 units with this figure expected to increase to approximately 20,000 units in 2018. This compares to 12,666 units in 2015, representing an overall increase of 42% from 2015-2017.

CIF Director General Tom Parlon said:

“The ESRI has recently upgraded the desired housing output target from 25,000 per year to 35,000. Commencements last year were around 13,200. This shows the challenge we as a society are facing in terms of housing. This behoves the Government to do everything in its power to help the industry increase supply in a sustainable fashion. The Help to Buy scheme is part of the solution and is having a positive impact on the ability

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Wednesday, 26th July 2017

Michael Garland,

bizBoost Chair,

Waterford Business Group

We've had “Bertie's Bowl” and now “Varadkar's Valhalla!”

I arrived in Ireland, some sixteen years ago, having driven a lorry containing ALL our family's worldly belongings from Larne to Waterford City. It was a mammoth, long, weary journey at the time. There was little or no motorway infrastructure and in truth there were crappy roads everywhere, from the North to the South. Our very small Scottish convoy, which constituted a rented 7.5 tonne truck and my Escort estate car, was stopped just across the border. This, I recall, put the fear of god into me and here's why. In the back of my car, my air rifle was hidden inside my golf bag! I was well aware that an air rifle was illegal in Ireland, so to hide mine, I somehow thought making it look like a

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Wednesday, 26th July 2017

John Smiles

Qualified Financial Advisor

Motor vehicle deaths and texting

In Ireland, motor vehicle deaths grew steadily from 302 in 1960 to 628 in 1978. Deaths fell steadily until 2012 with 162 recorded deaths. This was due to laws and penalties relating to drink driving becoming tougher; improvements to our road infrastructure and increased driver training and awareness. The continuous investment in safety features by motor manufacturers also contributed to the fall.

In common with many other Western countries, Ireland has in recent years experienced a tick up in road deaths with 188 people dying in 2016 and 2017 is looking likely to exceed that figure. Experts on road safety worldwide agree that the culprits are motorists' texting while driving. Smartphone use while driving is rampant.

In 2014, AT&T conducted a survey of 1,000 customers in the US about phone use. 98% of respondents said

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Letters to the Editor

  • OUR VIEW

    Celtic BounceThat our economy has steadily been getting better in the last number of years is something that won't be lost on most people. In fact things were so bad for so long at one period that there was no other way but up. Things are getting better but the questions have to be how much better and for whom? That there has been a bounce in our economy was witnessed by the better than average trading figures for the Christmas and New Year period. People did have more money to spend and they went ahe …

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