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Irish Examiner view: Beware this new race to the bottom of the ocean

Irish Examiner view: Beware this new race to the bottom of the ocean

Irish Examiner10 hours ago
Space, as Captain Kirk used to remind us, is the 'final frontier'. But the environment that might concern us most in the next 50 years is the ocean.
As a country that has a long coastline, more than 7,500km of it, and extensive claims to the seabeds that surround us, we must pay close attention to what is happening on the seas, beneath them, and above the ocean waves.
For those who value our native birdlife — and that is all of us, surely — Ireland's belated efforts to recognise and protect the breeding and feeding grounds which create a diversity of species are a welcome, if overdue, move.
Birdwatch Ireland wants the Government to catch up with European colleagues in designating key locations — 73 in our case, 24 of them out at sea — as protected areas. These include marine locations where birds gather in numbers to eat, preen, and socialise.
There are increasing threats, including intensive offshore developments, such as wind farms. Greedy eyes are being cast over myriad opportunities to colonise the seas, which go way beyond the current human depredations of intensive fishing, plastic pollution, and climate change.
Last month's UN conference on the oceans in Nice — non-participants included the US, of course — spent much time focusing on the potential impact of deep-sea mining.
This is an activity that has only been undertaken on a small exploratory scale so far, but runs the risk of expanding exponentially as the pursuit of the world's rare minerals — the ones needed to power technology and energy transition — rapidly gathers pace.
Deep-sea mining involves extracting resources from ocean floors rich in cobalt, manganese, nickel, and copper, often at depths of between 4,000-6,000m. US president Donald Trump has already issued an executive order entitled 'Unleashing America's Offshore Critical Minerals and Resources'.
This observes that the US has a 'core national security and economic interest' in developing seabed minerals. UN restrictions, it says, would be 'inconsistent' with its sovereignty.
But the US is far from alone in its ambitions.
Norway, with its huge experience in oil and gas exploration, is in the vanguard of countries jockeying for position. Canada and South Korea are also prime movers. China and Russia, in the Arctic, view deep-sea mining as a vital element of longer-term geopolitical strategies.
Some analysts believe that there is a $17 trillion profit to be gained, mainly for private mining companies. But in the enthusiasm to stake a claim in the new Klondike, little thought has been given to the net costs and environmental and economic impacts.
Some scientists worry that entire ecosystems could be destroyed by devastating the sea floor and that marine life would be smothered by plumes of sediment.
We are one of the 37 countries that have backed a precautionary moratorium and called for more research.
Anyone who has watched David Attenborough's most recent National Geographic documentary, Ocean, on Disney+ — some critics say it is his greatest and most challenging work — will appreciate the scale of threat to marine life. But mineral exploitation is a topic which is barely on the radar of the general public at this time.
This will change as consequences become apparent. Humankind may remember what happened to the Ancient Mariner in the poem by Samuel Coleridge, when he had the temerity to interfere recklessly in the natural order of life.
In that case, the unfortunate seaman was lucky enough to find redemption and salvation by changing his ways. Based on current evidence, we may not be so fortunate.
'Beat the Lotto' a reminder of simpler times
Because there is plenty to make us grimace in 2025, anything which leavens the mixture, or transports us back to more innocent, less frenetic, times is welcome.
Into that category should be placed Ross Whitaker's enjoyable account of a syndicate's 1992 attempt to game the national lottery, ensure the jackpot prize for themselves, beat the system, and earn the admiration of many, if not quite all, fellow citizens for their cheek and enterprise.
Stefan Klincewicz speaking with Pat Kenny on his TV chat show in the 1990s in the new documentary, 'Beat the Lotto'.
Beat the Lotto, which reaches cinemas this weekend, recreates the caper where a group, headed by Cork mathematician and accountant Stefan Klincewicz, devised a cunning plan to buy every possible lottery combination requiring some two million number squares to be filled in by hand.
The story of what happened is an irresistible tribute to ingenuity and the concept that hope springs eternal in the human breast. And our collective love for some good-tempered roguish humour.
Ocean's Eleven it's not, but its portrayal of Ireland in the late 1980s/early '90s, the dog days before the arrival of the Celtic Tiger and the era when booms were getting boomier, is unmissable.
It's a shame, but perhaps understandable that the National Lottery didn't take the chance to contribute but, as the director says, they 'didn't remember the episode all that fondly'.
Like another foundation story of 21st-century Ireland, the movie Saipan, which retells the story of the schism between Roy Keane and Mick McCarthy before the 2002 World Cup, it's an episode which could, perhaps, only have been created here. And it's none the worse for that.
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Long-awaited reforms to defamation law
Long-awaited reforms to Ireland's restrictive and punitive libel laws were finally passed by the Dáil this week, but not without some grudging commentary from TDs, which will fuel opinions that the bill doesn't go nearly far enough.
It is unfortunate that the requirement for complainants to pass a 'serious harm' threshold was placed in the 'too difficult' tray by those who drafted the legislation, as it affects retail and hospitality businesses.
Challenging a suspected shoplifter or someone exhibiting excessively lairy behaviour at a nightclub remains a gamble, and there remains no meaningful deterrent to frivolous or vexatious defamation claims.
Hard-pressed shopkeepers and managers — and there are plenty of those in Ireland's villages, towns, and cities — will still have to decide whether to defend actions and incur costs which can rise to €20,000 or turn to their insurance and incur higher premiums.
Even a victory may offer scant chance of recovery if the complainant has no means to pay. This aspect of the new law will fail to change behaviour despite justice minister Jim O'Callaghan's exhortation that businesses should 'not take the easy route' and pay out.
Many of the headlines have already been generated by the legal changes which have removed jury trial from the equation, and the 83-61 vote in favour now sends the proposals forward to the Seanad.
Ireland's defamation laws have remained unaltered since 2009, since then we have seen the explosive growth of social media and the creation of a Wild West of opinion and commentary which is instant, and often egregious and untrue.
Simultaneously, much of what is often categorised as 'old mainstream media' has seen revenues migrate to online competitors.
Public understanding of the changed financial circumstances lags the actual reality. Thousands of newspapers around the globe have closed, and many thousands of journalists have lost their jobs. While this produces a tune on the world's smallest violin from some politicians, those losses are a worry for democracy and a threat to the common wealth.
Even as the bill has been progressing it has been marked by litigation which proved again that defending an action by a libel claimant is a precarious pastime.
This week, Ryan Casey, the partner of murdered schoolteacher Ashling Murphy, won substantial damages from the BBC after it broadcast a discussion about the content of his victim impact statement in its Northern Ireland political programme The View.
It was the second court defeat in Ireland in recent weeks for the corporation after Gerry Adams won damages of €100,000 in a case which incurred costs of between €3m-€5m.
These eye-watering sums would drive many publishers out of business. Ireland's new bill includes a public interest defence provided statements are published in good faith and reasonable enquiries and checks have been made prior to publication.
Such an argument has never been successfully run in the Republic. Whether there is a queue of editors lining up to be the first to test its efficacy is questionable, but there must be protections for honest journalism and enquiry, particularly at a local level where resources are stretched to the thinnest.
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Hope that gain masks pain as Trump signs 'beautiful' bill
Hope that gain masks pain as Trump signs 'beautiful' bill

RTÉ News​

timean hour ago

  • RTÉ News​

Hope that gain masks pain as Trump signs 'beautiful' bill

Donald Trump signed his "One Big Beautiful Bill" in the Oval Office last night. It is possibly the most consequential thing he will do in domestic American politics in his second term. The course of America for the next few years has been set: his election promises are now the law of the land. This is a very big deal - and not just for America. It challenges Europe and China and anyone else who fancies themselves as a great economic power. "Lets see if you can keep up" is the political message from the One Big Beautiful Bill (the OBBB). The aim is to juice the US economy to a higher long term average growth level, a reworking of the fuel/oxygen mix to boost performance. If it pays off, America will grow stronger into the middle of the 21st century, pulling further away from a Europe that has been economically flatlining for more than two decades. And it will be far better prepared to take on a technologically rising China, albeit one hamstrung by its demographic implosion. It is a bold gamble, both politically and economically. But it is not cost free, not pain free. The simplest, most deadly criticism of the OBBB outcome is that it rewards the richest and strongest in America by cutting government assistance spending from the poorest and neediest. In simple terms, the top 1% of taxpayers will get tax breaks over the next decade worth $1.02 trillion. Over the same period, the poorest 15% will lose $930 billion in government funded healthcare. Yes it cuts tax on tips and monthly overtime hours, and these are aimed at people earning less than $400,000 a year, but unlike the income and investment breaks that most benefit the very richest, the small-change tax cuts are temporary, expiring when Mr Trump leaves office in 2029. The Institute of Taxation and Economic Policy, a non-partisan non-profit organisation calculated these numbers from the detailed tables compiled by Congress's Joint Committee on Taxation from the bill as it left the Senate on Tuesday night. The tax cuts that favour the very richest are a gamble on productivity growth - a big bet made with money taken from the poorest. The President hopes the gain will mask the pain. And there is a lot of masking to do. Opinion polling shows the OBBB is deeply unpopular with Americans of all sorts. Within political circles there is pain too - dozens of Republican Congressmen, and possibly a few senators - the very people who voted this bill into law last week - are at risk of losing their seats in next year's elections. It would not even fix America's chronic budget deficit problem: it spends way more than it takes in taxes, and borrows to make up the gap, piling up the national debt. It has been this way since 2021. This Budget Reconciliation Act continues with emergency level borrowing, with no emergency to be seen. The environment will pay part of the price, too: green energy subsidies are cut to fund subsidies to reopen coal mining. Subsidies for electric cars are cut too. There is even a tax on green electricity, which critics say will undermine the viability of wind and solar farms. It goes a long way to explain the visceral hostility of Elon Musk to the OBBB (and Trump). He is publicly critical of the rise in government borrowing, taking it as a personal affront after his (less than spectacular) efforts to cut spending through DOGE. He calls the OBBB "utterly insane", a "disgusting abomination" and "political suicide" for the Republicans, threatening to fund primary election challengers to Republicans who voted for the bill (which is pretty much all of them, though Mr Musk has said in reality he would focus on three or four senators and ten to twelve House members, as the most vulnerable). But even without Mr Musk's millions there is a political price coming for the Republican Party - the Big Beautiful Bill is the framing for next year's midterm election, and those who read the tea leaves of American politics say this bill has increased the number of vulnerable Republican House members - and a couple of Senators too. One of them, Tom Tillis of North Carolina, is not hanging around to find out, announcing his intention not to contest next year's election in his state, one of the more dependent on the Medicaid and food assistance programmes that are being cut. And because the government backed health insurance is being cut, the loss of income will affect the viability of rural hospitals. North Carolina has the second biggest rural based population in the country, after Texas. The state has 3.1 million people in receipt of Medicaid, and around 900,000 of them are set to lose the entitlement because of the OBBB. That is out of a total state population of 11 million. Some of those set to lose out are in the West end of the state, which was hit hard by Hurricane Helene just weeks before the election. Those folks voted for Mr Trump. Indeed the cuts will impact hardest in the kind of "Red" states that voted for Mr Trump, the rural hospital threat being more severe in most of the Red states because of the demographic spread. Mr Tillis warned his own party of a coming electoral firestorm. After years of floundering, the OBBB has given the Democratic Party something tangible to work with, a sturdy stick with which to beat the Republicans and motivate their own demoralised troops. That is why the Democrats leader in the House of Representatives, Hakeem Jeffries, stood for almost nine hours, making a last ditch speech to prevent the OBBB passing in the middle of the night, when nobody was watching. His stand won him not just a new record for longest House speech in the modern era, but more importantly kept the OBBB story fresh for the primetime TV news slots on Thursday evening. Of course nobody was listening, but it didn't matter: all the important messages came in the first 45 seconds: "I rise today in strong opposition to Donald Trump's 'One Big Ugly Bill.' This disgusting abomination, the GOP tax scam that guts Medicaid, rips food from the mouths of children, seniors, and veterans, and rewards billionaires with massive tax breaks. "Every single Democrat stands in strong opposition to this bill because we're standing up for the American people. Republicans are once again, as has been the case through every step of this journey, trying to jam this bill through the House of Representatives under the cover of darkness," he added. "But I'm here today to make it clear that I'm gonna take my time and ensure that the American people fully understand how damaging this bill will be to their quality of life," he said. And so he did. But more importantly for the Democrats, it has been a whole party effort over months that has slowly gotten through to the American people. And they do not like what they have heard. The fundamental trade at the heart of the OBBB - tax cuts that benefit the wealthiest at the expense of the poor - has played badly. An opinion poll for Fox News found 59% of Americans had an unfavourable view of the OBBB, against 38% who had a favourable view. Pew Research found 49% for the bill, 29% against it, while KFF research found 64% viewed the bill unfavourably, while 35% favoured it. Digging deeper, the KFF tables showed MAGA supporting republicans favoured the bill by 72%, but only 33% of non-MAGA republicans felt that way. Support among both camps dropped by 20% when informed of the bill's implications for health insurance and rural hospitals. For Mike Johnston, the Speaker of the House of Representatives who achieved the political feat of steering through one of the biggest budget bills in US history with the smallest parliamentary majority in the last 100 years - and in the teeth of intense internal and external opposition - there was relief on Thursday afternoon after a 36 hour sleepless marathon, as he closed the debate and called for the final vote, selling hard on his main points. "Record tax cuts for hard working Americans: Historic savings at the same time to end reckless spending. We got energy dominance coming back to power our future. We have a secure border to protect American families. "We have a strong military to restore peace through strength. And we have a government that is now accountable and responsive to the people once again, that's what we're delivering," he added. President Trump and his supporters like to say he keeps his political promises, delivers what he said he would. But with the OBBB he broke a pretty big promise: his promise not to touch public health insurance. The Congressional Budget Office shows that 10.9 million will lose their health care coverage from the Medicaid cuts and another 5.1 million will lose their health care coverage due to the Affordable Care Act (better known as Obamacare) cuts - a total of some 16 million people. Two million people will lose access to SNAP, a nutrition programme formerly known as food stamps. It is a way for some 38 million Americans to get help with grocery bills. Around 30 million of that 38 million are also enrolled in the Medicaid programme. The OBBB introduces work requirements to continue in the programme, proponents arguing that single healthy working age people should not get welfare intended for people who cannot work or who have children. But two thirds of Medicare recipients are already in work. They will have to keep proving it every six months to keep eligibility, and the constant stream of paperwork will, opponents say, grind people down and lead to them losing something they are entitled to, simply because of the paperwork involved. Because the US government programme to provide free medical insurance for treatments for pensioners does not cover long-term care, many older adults rely on Medicaid to cover their nursing home costs. It takes care of about 60% of nursing home residents. There is concern that the big cuts to Medicaid could see a number of nursing homes close down, reducing the number of places available in the system, making it harder for pensioners to find a care home. In a meeting during the last, fraught week to put some backbone into Republican House members, President Trump reportedly told them that whatever way they decided to re-jig the OBBB to get it across the line, there was one thing they were not to do: never touch Medicaid. "But sir," a House member piped up, "the bill touches Medicaid". The other compensation mechanism for the tax cuts is to raise borrowing, adding further to the US national debt by about $3.5 trillion. This will bring the total debt to around $40 trillion in ten years time. These numbers are of course meaningless to normal people (and, arguably, to budget geeks as well). In terms we got used to during the financial crisis of 15 years ago, US government borrowing is now hovering around 100% of GDP, but over the course of the next decade could top 130% of GDP (Ireland's debt ratio last year was 42%: it was 88% for the Euro area). US National debt per capita works out around $106,112. The equivalent dollar figure for Ireland is $47,746 (€40,531). It is a debt trajectory that caused Moody's rating agency to be the last of the big three to fold and remove its Triple-A rating on US debt. The cost of servicing the debt is higher than the sum the US spends on defence (currently - the OBBB plugs in a big spending splurge on defence, and on border security in the form of ICE, the controversial agency carrying out immigration raids). Government borrowing costs are creeping up, and they in turn set the borrowing costs for everyone else, notably through mortgage and business loans. The President argues that the extra growth he predicts from the OBBB changes will take care of the debt ratio, and with it concerns over interest costs, but there is still a big budget deficit in the US - the gap between what the government takes in in taxes and what it spends - a gap that is made up with borrowing. This year, it is going to be around 6.5% in the US. In Ireland there is a budget surplus, in the euro area the budget rules forbid governments to borrow more than 3% of GDP in any given year. The fiscal hawks within his own party are not happy. But with very few exceptions - Ron Paul in the Senate, Tom Massie in the House, both of Kentucky - the hawks voted for the OBBB. Fear of Mr Trump's revenge reportedly overcoming their fear of fiscal instability. OBBB also creates a possible headache for the Irish Government by injecting some fresh uncertainty into the realm of corporation tax, the fiscal heroin to which the Irish Government has developed a dangerous dependency. At the House Ways and Means Committee last month, Treasury Secretary Scott Bessent faced a grilling on various aspects of the OBBB, including the bit that legislates the US withdrawal from the OECD rules establishing a global minimum effective rate of corporation tax. The ones that took more than a dozen years of patient diplomacy to negotiate. 15% is the new global standard for big multinationals, and Ireland has raised its corporate tax rate to comply. The Biden Administration brought the US into the agreement. Now the Trump administration is taking it out, as Mr Bessent told the committee on 11 June: "For whatever reason, the previous administration chose to outsource American sovereignty on tax matters, and the Trump administration believes that is unacceptable. Many other countries would seek to pull in revenues from US multinational corporations into their treasury. "Rest assured that the provisions in the One Big Beautiful Bill to combat this are a staking out of our fiscal sovereignty. The US tax system will stand next to what is called Pillar Two, and other countries are welcome to relinquish their fiscal and tax sovereignty to other nations," he added. "The United States will not. So, this bill will allow us to prevent our corporate revenues from being drained into foreign treasuries, and that is in the hundreds of billions of dollars," he said. Exiting pillar two of the OECD is now the law of the land too. Its impact on the Irish exchequer returns is uncertain. The President has also pledged a rebirth of the American manufacturing industry, and the OBBB has measures designed to stimulate investment, such as 100% tax write offs for factories. Will it suck in money from around the world - including money allocated to expansion abroad, including in Ireland? Yesterday saw an American Chamber of Commerce report stating that 60% of member firms were planning to increase hiring in Ireland next year, with 68% already planning further investments over the next five years. Mr Bessent sold the OBBB hard to the Ways and Means Committee last month, tempting members with the prospect of a veritable dam burst of investment if it were made law: "I was with a group of business leaders earlier this week and they were telling me that they are, in fact, holding back on CapEx because they need for the tax bill to pass so that they will have certainty that 100% of the expenses will come back. "I think that we will see a sharp upward break in terms of CapEx as soon as we pass the One Big Beautiful Bill." President Trump's big bill depends on growth. Failure is not an option. Because failure in growth will unmask the pain behind the bill, and indeed will increase the pain. High borrowing when there is no emergency - such as a war or Covid - may leave little room to borrow when it is really needed. But the President is all in on his biggest gamble yet. This is it for the next three and a half years. Everything else is foreign policy - including tariff policy. And next year's election.

Trump says there could be a Gaza deal next week
Trump says there could be a Gaza deal next week

Irish Times

timean hour ago

  • Irish Times

Trump says there could be a Gaza deal next week

US president Donald Trump said on Friday it was good that Hamas said it had responded in 'a positive spirit' to a US-brokered Gaza ceasefire proposal. He told reporters aboard Air Force One there could be a deal on a Gaza ceasefire by next week but that he had not been briefed on the state of negotiations. – Reuters More to follow [ Hamas says it is ready to enter ceasefire negotiations in 'positive spirit' Opens in new window ] (c) Copyright Thomson Reuters 2025

Kerry is ideal location for EU presidency meetings – ‘Where else would you bring them?'
Kerry is ideal location for EU presidency meetings – ‘Where else would you bring them?'

Irish Independent

time3 hours ago

  • Irish Independent

Kerry is ideal location for EU presidency meetings – ‘Where else would you bring them?'

Kerry TD Michael Cahill has said that the county with Killarney as the 'centrepiece' is the most suitable to host international Government ministers given the the provision of accommodation, food and conference facilities, that is available in the town and in the county as a whole. 'Visitors from every corner of the earth have been coming to Kerry for centuries now, to experience its beauty and serenity and have returned on many occasions because of the fabulous time they have enjoyed during their stay here. Where else would you want to bring the senior Government Ministers of all of our EU counterpart states, to experience Ireland, its customs and heritage? said Deputy Cahill. The TD said that they could visit the wonderful sights of the county on their 'downtime'. 'During their downtime, they can visit the Blaskets and Slea Head, Sceilg Mhichíl and the Ring of Kerry, Killarney's Lakes, Gap of Dunloe, National Park and Sliabh Luachra, all of our glorious beaches from Ballybunion to Rossbeigh, Kells to Ventry, Whitestrand to Inch, Ballinskelligs to Cromane, Waterville to Derrynane. "Kerry's golf courses are second to none, with so many to choose from. On to Listowel Writers Week and the Rose of Tralee and to top it all off three days at Puck Fair,' said the Rossbeigh TD. He said he has raised his plans with An Taoiseach, Micheál Martin, the Tanáiste and Minister for Foreign Affairs Simon Harris, and the Minister of State at the Department of the Taoiseach and the Department of Foreign Affairs and Trade with special responsibility for European Affairs Thomas Byrne. "If Killarney's bid is successful in bringing the Heads of State to our county for meetings, conferences and functions, it will be a massive boost to the local economy in Killarney and also throughout the county. 'Kerry and Killarney have the experience and the facilities to provide the ultimate experience for these very important visitors, who will bring tales of their travels home with them, initiating a fabulous marketing campaign on our behalf.' The Kerry TD said he will continue to fight for Killarney to host these meetings. "I will continue to push in the coming months for Killarney and Kerry to be included as bases for the rounds of meetings that are to take place from July 1st to December 31, 2026.

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