Household debt or Government debt – which is worse?

By Economics Correspondent Sean Whelan The news that AIB is going to write down the “warehoused” portion of debt in split mortgages from now on is to be welcomed. It is a belated recognition from a big bank that some mortgages can never be repaid in full, and the bank is better off doing a deal with some customers and returning them to the world of normal spending citizens. Pragmatic debt relief can help the economy by leaving people with …

What Facebook can learn from Microsoft’s mid-life crisis

  By Will Goodbody, Science & Technology Correspondent @willgoodbody It was something of a curious coincidence that Facebook celebrated its 10th birthday on the same day that Microsoft announced its new CEO. Indian-born Satya Nadella takes over from Steve Ballmer who signalled his intention to step down last year. He was most recently head of the global IT company’s cloud and enterprise division. And although he’s an insider, taking over at a time when many feel Microsoft needs a shake-up …