The following is a quote from an article in The Sunday Business Post (February 14, 2010): "Dublin based Glas Securities said that any decision by an Irish bank to default on subordinated debt would, depending on the documentation and specific characteristics of individual bonds, result in breaches of so called ‘cross default’ provisions attached to the bank’s senior unsecured paper. ‘This would be quite clearly a ‘no-go area’ for Irish banks’", according to Jim Ryan, Managing Director of Glas.
Another grisly milestone has been reached in Afghanistan: over 300 British soldiers have now died, since the war began in 2001. The average age of those killed is 22.
No such records are kept of civilian deaths in Afghanistan. It is estimated that thousands of Afghan civilians have been directly killed due to military action, including use of air strikes by the US forces. As well as this, possibly tens of thousands of Afghan civilians have died indirectly from the war, as a consequence of displacement, starvation, disease, exposure, lack of medical treatment and violent crime.
The fact that the British forces’ death rate this year is twice that of 2006 shows the UK and US’s war plans are going awry in this unwinnable and unjustified war. This strategic failure lies behind David Cameron’s comment at the recent G20 summit that British forces “can’t be there for another five years.”
In the past few weeks there’s been a noticeable shift in tone in the business pages and journals. Their confidence in the so-called “recovery” has faded, and has been replaced by anxiety.
Why the glum shift? “The economic news – on growth, consumers, housing and manufacturing was bad enough before the jobs report for July [announcing 131,000 jobs had been cut].... The report leaves no doubt that a slowdown is well under way,” (New York Times 8/9/10).
Peter Hadden died peacefully at his home in Belfast on 5 May 2010 and was cremated at Roselawn Cemetery on 10 May. Peter, who died of cancer which he had fought every inch of the way over the previous three years, was 60 years of age.
This obituary will not do justice to Peter Hadden, no obituary could. It is based on the contributions by the following, friends and comrades of Peter, at the funeral itself and at the celebration of his life afterwards – Philip Stott (Scotland), Stephen Boyd, Lucy Simpson, Billy Lynn, Per-Åke Westerlund (Sweden), John Maguire (Visteon), Daniel Waldron, Carmel Gates, Gary Mulcahy, Peter Taaffe, Kevin McLoughlin, Ciaran Mulholland and Joe Higgins MEP.