Taxing times

Article Abstract:

Strong economic growth has taken place in Ireland since the late 1980s. GDP per capita reached 79% of the European Union average in 1996, from 60.6% in 1987, although there are still distinct regional disparities in the allocation of wealth. There are now signs that Ireland's economy is overheating, and the country could face significant challenges as it enters European Monetary Union (EMU) in Jan 1999. The government has been obliged to reduce taxes and interest rates to meet EMU convergence criteria at a time when it would normally have been increasing interest rates and introducing fiscal measures to stop overheating.

Economic aspects, Ireland

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A stranger in town

Article Abstract:

Many city analysts were unhappy with the appointment of Marjorie Scardino to head the Pearson Group, and there is little in her background to show she is equal to the task of heading such a diverse group. Scardino moved from running The Economist to head this group with a 1.8 billion pounds sterling turnover, which includes the Financial Times, television and publishing companies, the Lazard Brothers merchant bank and Madame Tussaud's. Scardino has not been open about her plans other than to say that she views Pearson as a media group and that she wants growth through revenue increases rather than downsizing.

Officials and employees, Cover Story, Mass media, Scardino, Marjorie M., Pearson Group

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The shock of the new

Article Abstract:

The UK's two biggest auction houses, Christie's International PLC and Sotheby's Inc., are increasingly diversifying from their traditional activities to extend their slender profit margins. Both firms, which are now owned by businessmen from outside the UK, are involving themselves in more private sales, although both prefer not to describe this activity as dealing. They have also entered the cheaper and more popular end of the market, which includes small domestic items and pop memorabilia, and they have new staff departments, including taxation advisors and client hunters.

Miscellaneous retail stores, not elsewhere classified, Art Dealers, Auctioneers, Art Dealers, Management, Sotheby's Inc., Auction firms, Christie's International PLC

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