Tag Archives: economics

Armpit hair or the Eurozone crisis? The writer’s dilemma

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10

I met a girl once who let her armpit hair grow nice and bushy so that she could weed out the guys that were more interested in her grooming habits than her intellect. I thought of her yesterday as I was killing time flicking through the bestsellers in Easons. I’d picked up Caitlin Moran’s How to be a woman and happened upon a passage outlining the importance of maintaining a fine balance between the cultivation and removal of excess pubic hair. Apparently, girls as young as 12 are now seeking full body waxes. Furthermore, young boys’ exposure to porn means that they’re unfamiliar with the follicle reality of the female anatomy, which shocks them upon their first real encounter with it.

The things you learn.

I was conscious that it had been nearly a week since my last post and even though popular science dictates that the third week in January presents the greatest statistical probability of lapsing on your New Year’s Resolutions, I was determined to buck the trend and continue blogging.

So I thought about writing about bodily hair; about how I’ll be damned if I shave my legs in the winter, or about how I got my eyebrows threaded last June and that though it was very painful and my eyes were watering like a hose, when the beautician asked me if I was alright I answered that I was doing just fine and that the streaks of mascara decorating my cheeks were intentional.

But I thought the better of it. After all, there are more important things to be worrying about than the state of the nation’s armpits. I resolved to educate myself on a more sober theme.

As a result, I spent much of today in solitary confinement; having decided that I wanted to be someone who writes about the things that matter, rather than the colonies that fester in secret under our nation’s arms.

It didn’t take me long to find a suitable treatise.

With the stealth of a long-repressed id, the Eurozone crisis reared its ugly head from the back of my mind, where I had shoved it to avoid returning to the shameful and possibly unalterable fact that I don’t understand economics.

I began by googling promising terms like “Eurozone crisis”, “structure of European banking system” and “austerity”.

I decided it would be only right to set myself a plausible-sounding essay title to focus my enquiries.

I came up with “Outline the causes of the Eurozone crisis and discuss potential outcomes of Government measures to tackle the crisis”, which I thought sounded promising.

Like most academic titles, it was embedded with the code “Write anything you know about this theme and don’t forget to reference several bizarrely named academics to make the whole process a bit more bearable”.

I skimmed through a few generalities and familiarised myself with key Eurozone celebs like Hosé Manuel Barosso, Christine Lagarde and Evangelos Venizelos. I even recorded the duller-sounding names in a notebook for future perusal.

image source: guardian.co.uk


I thought I’d hit the jackpot when I happened upon the BBC’s Crisis Jargon Buster. I rushed downstairs to make myself a cup of mint tea, took a deep breath, then spent the entire day reading the list of terms and taking notes, which I intend to copy into the desktop folder I have called “My general betterment”.

As it turns out, the crisis is not without its gratifying terms. So much so, that when LSB picked me up this evening, we whiled away a pleasant half hour making economy-related puns over our cappuccinos.

I asked him if he could guess what my new favourite cereal was. Though he’s a savant, he was stumped. He knew that it used to be Aldi’s own-brand strawberry crisp but I told him that was old news.

My morning victual of choice was now … “Credit crunch”.

His groan was nothing on the one I had let out when I reached the letter “H” in the jargon buster glossary. Wedged defiantly between “Glass-Steagall” and “Hedge fund” was the word “haircut”.

And it didn’t refer to armpits.

Such are the dilemmas I’m facing as I embark on another year of blogging. Do I write about my savant boyfriend, who generates hundreds of hits, or about the war in Iraq or the meaning of “art” , which fewer people want to read about?

Should journalists give the public what it should want, or what it does want? Is it more important to inform or to entertain?

What do you think?

Confessions of an economic dunce

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Every weekday morning, I brush my teeth while listening to the business news on Morning Ireland. Once the weather comes on, I know it’s time to spit.

The presenter’s mame is Emma. She sounds very glamourous and by jove, does she know her business. She’s all about credit ratings, bondholders, soveriegn debt and the EU-IMF bailout. In fact, these are some of her favourite things. She interviews chief-executives, London traders and business-market leaders at break-neck speed, firing at them an alarming assortment of questions which I don’t comprehend.

I’m not a scientist or anything, but I think there might be a critical period for developing business accumen. At school, while other students were learning about the stock exchange and interest rates, I was declining Latin nouns and checking out cartoons of Roman boys in togas.

As a result, I simply don’t get economics. When I see images on TV of old men in high-rise glass buildings pouring over computer screens at changing numbers and getting very excited, I just think “huh?”. When people talk about “burning the bondholders” I get a mental image of Shakespeare’s Shylock being burnt at the stake. I’m absolutely baffled that a body with as temperamental a title as Moodys can dictate at a whim the direction of markets values.

As regular readers will know, I’ve some desire to make it in the world of journalism. Back in the day I thought this might involve composing a few witticisms on farcical political characters, or being sent to cover a dull Dáíl debate on fishing quotas. Now, to my horror I’ve discovered that the whole world functions on principles I do not understand. In an attempt to salvage my career prospects, I looked for measures to reduce my deficit.

Oh, how I googled. Oh, how I typed search terms like “bond holders”,and “bailouts” into Wikipedia. Alas, it was like a never-ending economic web, with each explanation containing a further collection of incomprehensible fiscal terms, which in their turn had to be googled.

But then everything changed. I was walking past Trinity last week when something caught my eye. Perched on the top of a lamppost, like a beaming Evangelist was my answer: a poster with the title “Understanding the Euro Crisis”: an invitation to a public meeting on the subject: All Welcome.

A sign from above

It was like a sign from the heavens.

The speakers advertised included Pearse Doherty and Fintan O’Toole. I was sure they wouldn’t let me down. After all, they’re all about bringing it back to the people.

As I left the house last Thursday night I called back “just off to a Sinn Féin meeting. Might be late..” before slamming the door.

There was a spring in my step as I got off the luas and made my way to The Shelbourne. I had brought my notebook with me so that I could jot down key economic terms with which to regale my friends in the future. I felt like a proper journalist.

Outside the Shelbourne, a group of middle-aged Americans was getting ready for an expensive meal in the city. I know this because the ladies were dressed in exquisite skirts with lace trimmings and because the mean were smoking cigars. And because they were outside the Shelbourne.

I approached the doorman who was guarding the rotating glass entrance door.

“Good evening, Madam” he said with a gallant Polish accent.
“Hello there”, I replied, deilghted at his attentiveness. “I’m here for the public meeting”
“The Sinn Féín talk, Madam?”
“Yes indeed”
“I believe it is full, Madam”
I gulped. It could not be.
“Oh what a shame!” I replied, downcast, imploringly.
He paused. “Maybe if you wait a few minutes for people to be seated we may be able to accommodate you”

I beamed. What a sterling human being he was.

As I leaned gracelessly against the railings I watched the traffic that was making its way in and out of the building. Some wealthy Arabs, more loud Americans and some glamourous French. And then a steady trickle of grubby Dubliners in hoodys and jeans. Again and again I heard the phrase “I believe it’s full, Sir”

I became alarmed. After some time I returned to my Polish friend and asked him what my prospects were.

He must have sensed my economic passion. He sighed “You may go in Madam. Turn left at the pillar and enquire there whether you may enter the meeting”.

The Shelbourne Hotel


I almost stumbled in my excitement and as a result briefly got stuck in the rotating door. Once in however I rushed to the attendant by the pillar.
“Excuse me, I was wondering whether there might be space for me in the meeting?
“No, It’s full”.

What. With those three words my heart sank.

My bubble burst, I turned away dejected and slumped out the rotating doors, past the doorman and back to the luas stop.

€3.50 for a return luas fare only to be turned away at the door! What an absolute waste. Needless expenditure. That’s exactly what got us into the mess we’re in.