My Very FIRST Blog Income Report - $483.31 - and it took me 6 months!
UPDATE: Although this report is a few years old now, it is still very relevant. However, if you would like to see more current income reports, I do still share them with my mailing list. I recognize that they're an awesome learning tool, so I don't want to stop sharing them completely. Get on the email list to receive income reports here.
Part of me can't believe I'm doing this… writing this first blog income report, I mean.
No, I can't believe I'm doing this because I can't believe that I have a blog income to report. I started this blog 6 months ago… and I said if I made 10 dollars by Christmas I would keep going.
And now, for the first time – this month it feels like a possibility. I haven't earned enough blogging yet to say that I've replaced my income, but for in this first blog income report, I can say that I'm well on my way. In just 6 months.
UPDATE – September 2016 income report is posted! Read it here.
I'm going to spare you the "why I'm sharing my blog income" spiel that you've come to expect when you open a blog income report and just tell you that If I can do it, you can do it.
If I can write my thoughts here online and put them out there and make money, so can you. I didn't take a single computer class in high school and 6 months ago I literally did not know the first thing about blogging. You just have to want it bad enough, and be willing to put the time, effort, and money into it.
If I had started this blog 6 years ago, when I originally started thinking about it, by now I could be earning full time income – or more.
If you've noticed that the page views I'm reporting here don't match the google analytics page views in the photo – yup, you're right.
I had a glitch in my google analytics – which was totally my fault – from the 1st to the 12th of Aug, which caused analytics to record each page view twice (just the page views, not the sessions/users). So to find my total page views for the month, I have divided page views recorded from the 1st to the 12th in half and subtracted that number from the total.
You might think it's disappointing to have to report nearly 60,000 page views less than what analytics shows, but on the contrary – over 150,000 (real) page views for a blog that is 6 months in is more FREAKING AWESOME than I ever imagined possible. I could not be more excited about this number if I tried.
You also might wonder if an income of $483.31 is low for a blog with 150,000 page views, and I'd have to say yes – I think it is. You'd think that I could explain that away by saying that since this money was earned in July it's more in keeping with the kind of traffic I had in July… but that wouldn't be true either. I had over 150,000 page views in July as well.
So why the low blog income for page views?
Because I am so new at this that the blog literally ran me over.
I was totally unprepared. I had adsense ads installed, but not on every post. I had sort of dabbled with affiliates, but I didn't really know what I was doing. I hadn't even considered applying to some of the larger networks, because I thought they would laugh at me – or at best send me away and tell me to come back when I was a grown-up blog.
BUT, I am still so excited to write this income report, because mistakes and all, I have never worked harder for anything in my life or felt as proud of the success of anything in my life. And, in hindsight, making the mistakes has been literally the only way to learn these lessons.
Blogging is a learning curve, and I can't possibly have expected to grow a profitable blog without doing some… learning. And learning is awesome, because I know what to do differently going forward.
So now I have a plan.
I am going to keep doing EXACTLY what I am doing with Pinterest. Why mess with a good thing?
I am actually working on a tutorial right now (it's coming soon!!) that will tell you, step by step, how I have gown this blog to over 150,000 page views in it's 6th month with Pinterest ONLY. Unlike every other tutorial out there that recommends that you purchase a Pinterest scheduler, doing it my way is free (and, I believe, will get better results). UPDATE: If you are interested in learning more about how I achieved this sorta traffic in this short amount of time the ebook is ready! Two years later, I STILL use this pinterest strategey, and now I get 300k pageviews per month!
I am going to sit back and enjoy the income boost from Adthrive.
I started working with them a few weeks ago, and the average increase in income is 249% once they get their ads running on your site. I am so excited to see what happens! (You need a minimum of 100,000 page views per month to get your application on their waiting list.) UPDATE: In October I earned over $2000 with Adthrive alone. ummm.. WOW. Read October's Income Report Here.
I am going to work through Elite Blog Academy AGAIN. If I had to pick ONE thing, and say "this is the thing that's made this blog a success" (apart from the literally hundreds and hundreds of hours I have put into it), I'd say it was Elite Blog Academy. Anyone who wants to build a profitable blog should be taking this course. It's only available once a year, but you should be working on your blog and waiting for it to open.
(I started my blog the day I signed up for Elite Blog Academy, so I just happened to be about 6 months (or 6 years) behind everyone else in the course who already had a blog. Elite Blog Academy would be way easier if you have a blog up and running, and just need some guidance as to how to make it awesome and profitable. So now that I have a blog, I will do it again, and I believe, benefit even more from it. Once you buy it you have life time access, so this is not going to cost me any more).
I am going to be more diligent about content creation. After traffic started to pick up, it was easy to let writing fall by the way side as I scrambled around trying to find ways to monetize what I already had written. (If I had taken Making Sense of Affiliate Marketing already, I wouldn't have been in this pickle). I've noticed that it takes a couple months for a blog post to gain really good traction, and so if you have a month where you haven't written much, then you are jeopardizing FUTURE months of traffic. I will be posting at least twice per week from now on.
I am going to stress a little less about EVERYTHING. I couldn't tell you the number of nights I have gone to bed after a full day at work and then a loonnnggg evening on my computer, totally stressing out over the money I have spent on the blog, wondering if I've thrown it away it or if I'll be able to make it back or if I'm just wasting my time. And then had nightmares about themes and ads and pinterest. Seriously. But between receiving the first $483.31 of my blog income and getting approved with AdThrive, (and truly ENJOYING blogging), I can see now that the money I spent was an investment, and a totally worthwhile one at that.
I can't wait to share my next income report with you. And I'd love to see how your blogging journey is going – If you've published a blog income report for July or August – leave a link in the comments 🙂 Or if you're just finally convincing yourself it's time to START your blog – well – get going! Follow this easy tutorial on How to Start a Blog, and never look back.
Affiliate Marketing: Can YOU Really Make Money With It?
I read your post a little while back and never forgot about it. I thought the day I publish my first post I'll let you know how encouraging you've been. I know there way too much more I need to consistently put in, but part of the faith that I can do it, came from you.
H Hena! Congrats on starting your blog!! Thank you so much for coming back to let me know you enjoyed this post… I appreciate that SO much 🙂 (And I HAVE written about the making cents of affiliate marketing course… You can read about it here.
Thanks Brittany!! IF you had 3000 pv this month it sounds like things are really movin in the right direcion for you 🙂 That's awesome!
Thank you so much for sharing this, it's inspiring. I'm not a mom, and I'm not a mummy blogger, but I do blog in different spaces out of passion. I do wish that one day, I will be able to be able to have the freedom to work from home while doing what I love. Saw that you have other income reports… will definitely follow up!!!
Thank You for posting this and being so open! I am currently researching into whether I should start a blog and all of your posts have been extremely helpful! So thank you again! Good luck with your dream of being a stay at home mom!
Thank you!!! Its a very amazing realized dream <3 So glad you enjoyed the posts!
This is a great post. I'm just starting out and am excited to see someone have so much success in such a short period of time. Your content really resonates with me as well. I created a post about labor/delivery that I was worried was a little too gritty/honest, but happy to see you've had success with honesty about subjects like postpartum challenges.
Good – I am glad it helped!


Trucks actually play an important part in the world's economy because it helps to transport several things through road. It is a very important vehicle for conducting import as well as export business among the neighbouring countries. Transporting important things is not an easy job because it actually requires safety and full security. This business cannot be done in the day light especially in the office hours because it will create traffic jam on road. So, the truck drivers are trained to drive it at night and then lighting in the truck is necessary for many reasons. One of the most important reasons is safety. For performing this job you need to choose the right light which can face some challenges and Led lights are the best for this. Led light bars for trucks are perfect.
There are many other types of lighting which are available for the truck industry. As it is important for the drivers to adjust proper lights in the truck so it is also important to choose the right lights. Led light bars for trucks offer the best services and it performs really well for the truck drivers. With this lighting you do not have to face the problems or other issues which you may have faced with other lighting. LED lighting has some special qualities which you will not find in any other lighting system. It can last for a long time and also can work properly in any bad conditions so the popularity of bulbs is decreasing. All these advantages you will not get in bulbs. Well, replacing a damaged bulb is not an easy job and the drivers may have to give their important time to it because it takes huge time. Hence, it is essential to purchase LED light bars for trucks.
Apart from these problems there is another problem which can make huge troubles that is water intrusion. It is a very difficult problem for the truck drivers which they do not face if they use LED lighting. LED light Bars for trucks are designed in a proper way which actually helps to lessen this problem. This is a very well organized system. The best way to deal with this problem is to cover the circuit board and other connections which are responsible for the power in the LEDs. If you do not protect the circuit board then it can be easily damaged by water. In order to deal with this problem the manufacturers actually covered this circuit board with a solid material. In LED lights you will find these materials.
These are the main reasons for choosing LED light Bars for trucks. It helps the drivers in many ways. it actually gives you a chance to drive it in a safe as well as secure way. Due to the bad condition of the roads anything can happen to anyone so, it is always better to take some precaution and drive safely. So, when you have such a great thing at your reach you should definitely get it.


The club shall henceforth be known as Southampton Historical Fencing (SHF) and will be affiliated with the Academy of Historical Arts (AHA).
To teach Historical European Martial Arts (HEMA) focussing on (but not limited to) 16th/17th century Sidesword and Rapier.
To provide a welcoming and friendly environment for anyone who wishes to study HEMA.
To increase the wider knowledge of HEMA whilst ensuring that we do not tarnish the image of the practice.
To encourage members to increase their knowledge and experience through personal study, competitions and attendance at other clubs, seminars events etc.
To ensure a high standard of care to our members and to reject any form of discrimination or misconduct.
Members will be held equally and by joining will be assumed to have accepted the rules and regulations set out within this document.
All members shall be members of the AHA. They shall be held to the standards set within this document and those of the AHA.
Membership is open to any consenting adult (18+) who agrees to follow the rules set out in this document and uphold the values of SHF.
Membership is also open to younger applicants between 14 and 18 providing that they are accompanied by a supervising adult.
Membership can be revoked by the Chief Instructor at any point should a member be found in contravention of any articles in this document.
Membership may be subject to a fee as well as the attendance fee which will be set and advertised by the Chief Instructor subject to the clubs needs and financial requirements.
4: Officers of the club.
The Chief Instructor is responsible for management of the club, handling of fees, booking of training spaces, ordering any required equipment, teaching sessions and any other roles required to ensure that the club runs sufficiently smoothly.
The Social Media Officer is responsible alongside the Chief Instructor for managing any social media accounts and gathering photographs and video for publishing. They will work on growing our online presence and boosting our reputation.
The Extracurricular Activities Officer is responsible for organising non HEMA related activities such as (but not limited to) paintballing, archery etc. Their goal is to foster activities outside our normal sessions and promote a sense of community within the club. They will work with other officers to reach these goals.
The Extracurricular Socials Officer is responsible for organising nights out and other social events. Their goal is to foster activities outside our normal sessions and promote a sense of community within the club. They will work with other officers to reach these goals.
As the club grows there will hopefully be a point where more roles may be delegated and further club officer roles will be created. At this point this document will be updated to reflect that.
New roles are at the discretion of the Chief Instructor and will be voted on by the existing officers.
SHF will have a bank account for management of club funds. Any profit raised over the course of the financial year will be reinvested to the benefit of the club.
All members shall act in a responsible manner aware that the arts we practice are inherently dangerous. As such all instructors commands shall be heeded without hesitation.
Members will ensure that they treat all other members and instructors with respect and will under no circumstances be discriminatory or bully anyone.
SHF operates a welfare officer agreement with Tree of Shields, they have a nominated member as a point of contact should any members feel that they have concerns or feel mistreated in the club. SHF also has a nominated officer for Tree of Shields who acts in this capacity for them.
Members who are credibly accused of sexual assault, other predatory, discriminatory or other unacceptable behaviours will be summarily banned from the club. The safety and welfare of our members is paramount. The Chief Instructor has final say on these matters however any accused members can argue their case to the Chief Instructor before actions are taken.
Less serious infringements from members will be subject to a warning followed by expulsion should further action be required.
Members are bound by the rules and regulations set out within this constitution.
Members should be aware that when training whether that it in a private training location, public space or another clubs event (e.g. visiting another club or attending an event such as Fight Camp or a Wessex League tournament) they represent SHF and their conduct should reflect the clubs values and not degrade the club's reputation.
Members should be aware that when wearing SHF branded clothing or discussing SHF in public they are responsible for the reputation of the club in the wider community.
At the moment SHF does not require branded uniform. However at training sessions we do ask that members follow the SHF uniform policy as it makes the club look more professional to non members, venues etc. The SHF uniform policy does not enforce branding or style merely a colour scheme to keep a unified look.
Members should wear clothing suitable for exercise the majority of which should be black (where possible t-shirts with non HEMA related logos or designs are discouraged).
Jacket and other fencing gear is not enforced under these rules however we do encourage members to opt for black when shopping for jackets, breeches, gloves etc.
Members should wear footwear suitable for the training environment, trainers are encouraged for outdoor sessions. For indoor sessions trainers are acceptable as are thinner soled shoes, all shoes worn indoors must be clean and not mark the floor.
Members should be aware that HEMA has inherent risks. As such they must maintain responsibility for themselves, their training partner and anyone else.
The following requirements are intended to minimise risks, however members should accept that training in any martial art, especially armed martial arts will involve physical contact (from weapons but also from bodies through grappling etc.). As such bruises will occur, unfortunately very little can be done to completely eliminate the chances of this.
When partaking in paired drills with weapons members must wear at least gloves and masks. When the drills are sped up further equipment such as gorgets, jackets etc may be required at the instructors discretion.
When drilling members must follow the instructors commands and ensure that they are practicing to a level of speed and intensity acceptable to their partners.
When partaking in sparring with light synthetic weapons (such as the Red Dragon wasters, or rubber training knives etc.) members must wear as a minimum level of protection suitable gloves, mask and gorget. Members are also encouraged to wear a box, jacket, hard joint protection back of head protection etc.
When sparring with heavy synthetic weapons (e.g. Black Fencer wasters) or steel training weapons members must wear as a minimum level of protection suitable gloves, mask with back of head protection, gorget, jacket, hard joint protection. Male members must also wear a box. Members are also encouraged to wear chest, shin and forearm protectors.
Steel weapons must be manufactured specifically for HEMA sparring and be in good condition free from rust, burs and bends. If in doubt please check with an instructor before purchasing or using said item. Tips must be folded, spatulated or covered with an appropriate cap.
Synthetic weapons must be manufactured specifically for HEMA sparring and be in good condition, free from cracks, bends and burs. If in doubt please check with an instructor before purchasing or using said item.
New members will only be allowed to spar or engage in free play when authorised by an instructor. Members engaging in sparring or freeplay must do so aware that they are engaging in an unscripted and potentially risky habit. They must make sure that they have appropriate space, other members are aware of them and that they agree a level of intensity appropriate for their equipment.
SHF shall abide by the requirements set out in the AHA Equal Oppurtunities, Protection, Data Privacy, Complaints and Disciplinary policy.
Furthermore it is to be noted that SHF has a zero tolerance policy towards any form of discrimination, bigotry or bullying.
Should the time come that it is decided that SHF must disband all membership fees paid in advance will be refunded to the appropriate members.
Any club equipment, materials etc. will be offered for sale, firstly to members then the wider community, with the proceeds going to a charity chosen by the membership.
Any changes to this document must be agreed by a majority of the Officers (the Chief Instructor has the tie breaking vote in case of a deadlock).
Any changes to the above document will be published on the Facebook group and on the SHF website.
SHF hereby accepts the above document as its constitution and will abide by the rules and values set out within.


text:
5 heart-shaped destinations in Japan: Locations across Japan with an extra dose of love
Need a little more love in your life? These five destinations across Japan have heart shapes incorporated into their designs, with both natural and manmade places on the list.
Heart-Shaped Rock, Kouri Island, Okinawa
Located just off Okinawa's Kouri Island, the Heart-Shaped Rock has become a popular photo spot with visitors to the area. The coral rock is shaped the way it is thanks to millions of years of erosion from sea water, which has naturally created what you see there today.
2 Kouri, Nakijin Village, Kunigami District, Okinawa, 905-0406
Heart-shaped rocks at Kouri Island (Photo: Kugel~commonswiki / CC BY-SA 4.0)
Shoju-in Temple, Kyoto
Called the "window of happiness," the heart-shaped window at Kyoto's Shoju-in Temple was designed to bring good fortune to visitors. It's not just the window here that's ultra-photogenic, though – be sure to take a look up at the ceiling if you visit, which is filled with around 160 paintings of different flowers.
149 Kawakami, Okuyamada, Ujitawara-cho, Tsuzuki District, Kyoto 610-0211
The heart-shaped window is also known as the window of happiness (Photo: Hunini / CC BY-SA 4.0)
Koi-Yamagata Station, Tottori
Part of Tottori's Chizu Line, Koi-Yamagata Station is anything but boring. The station had a makeover in 2013 which involved the addition of heart motifs and the color pink used in abundance. There are heart shaped station name plates and boarding signs, and even a section where you can hang up heart shaped ema (plaques used to write down dreams or wishes).
Ochi, Chizu, Yazu District, Tottori 689-1421
Perfectly pink, and filled with heart motifs! (Photo: Lirim477 / CC BY-SA 4.0)
Sanko Inari Shrine, Aichi
With a lineup of red torii arches similar to what you'd see at Kyoto's iconic Fushimi Inari, Sanko Inari Shrine is a popular spot for visitors to pray for relationship success and luck with matchmaking. There are pink, heart-shaped ema here that you can write your hopes for love and romance on, and there's also an area where you can wash your coins for some good fortune in the financial realm!
Kitakoken-41-1 Inuyama, Aichi 484-0081
The shrine has heart shaped ema, plus rows of torii arches (Photo: AI Case / CC BY-NC-ND 2.0)
Wilson's Stump, Kagoshima
Another natural entrant on the list, Wilson's Stump in Kagoshima was named after Ernest Henry Wilson (1876-1930), a British botanist who introduced a wide variety of Asian plant species to the West. The stump has an incredible circumference of approximately 32 meters, and from inside the stump looking up it seems to take on a heart shape.
Yakushima, Kumage District, Kagoshima 891-4205
From inside the stump looking up, there is a clearly visible heart shape (Photo: Σ64 / CC BY 3.0)
Camels and captivating landscapes at Tottori Sand Dune
A culinary tour of Aichi Prefecture
Meiji-mura: A modern victorian village in Aichi, Japan
Okinawa's Kouri Island popular with lovers and families alike
Japan in March
Did you know: Power spots in Japan
VIDEO| Take a virtual trip to Kyoto, Japan
Stroll around Katori Jingu Shrine and Shinshoji Temple in Chiba

redpajama_set_name: RedPajamaCommonCrawl


Sources tell us that Omung has been reading many books and articles highlighting the works of the Prime Minister in order to get an accurate understanding and learn more about the functioning of Modiji. Not just that, the filmmaker has managed to get his hands on a few books and data that have been available in the international market to understand as to how Mr. Modi has been perceived globally in the world of politics and otherwise. Omung has also been watching the PM's video footage and clippings to adapt intricate details and nuances in the character.
Apart from this, it is known that Omung has been working tirelessly for the past two years on the project and had been traveling across the length and breadth of the country to zero in on the film's locations before beginning the shoot of the film. He has been leaving no stone unturned to make sure that complete justice is done to the titular character and the film.


Tacoma Runners is free to participate, but it's not free to organize and maintain. Help us be strong and sustainable.
Tacoma Runners is only possible with the support of the community. While we have some small business sponsors, it's really the support of individual runners that will make us successful over a long horizon. These funds will go to cover the insurance, permits (believe it or not, we have permits), coffee, signs, and software that we use to create and support these events. Expenses triple year over year. Be part of the solution and join the club.
At this point we use PayPal for tracking payments. We will provide additional options in future months.


Plaza Row is a brand new townhome community coming to the Plaza Midwood neighborhood. Developed by Vista Homes, Plaza Row will be just 14 modern, craftsman style townhomes, available in 4 different floor plans.
Depending on options/features selected, prices will run anywhere from the upper $300's – upper $400's.
Plaza Row will be nestled in between two of Charlotte's hottest 'hoods – Plaza Midwood & Villa Heights! Step outside your door and meet your friends at a coffee shop or bakery, walk your dog along a tree-lined street, or head out for the night to a funky bar or brewery. Just a 5-minute drive to uptown Charlotte, and a short walk to your favorite boutique or eatery, Plaza Row is built with your active lifestyle in mind. Our inspired townhome design is a nod to the traditional craftsman and farmhouse style with distinct modern elements.
Vista Homes has already broken ground on Plaza Row! The estimated timeframe for completion is in the 9-12 month range. While there won't be a model home available, you can make an appointment to visit the Design Center located on Morehead Street.
LENDING BY DESIGN AND VISTA HOMES HAVE TEAMED UP TO PROVIDE YOU WITH THE BEST AND MOST ATTENTIVE CUSTOMER SERVICE EXPERIENCE DURING YOUR TRANSACTION.
TEAM LBD WILL PROVIDE YOU WITH A SIMPLIFIED MORTGAGE PROCESS, LEAVING YOU OVERLY SATISFIED.


Tips for a healthy lawn: Part 3 of 4.
Mowing is one of the easiest ways to improve the look of your lawn. It can also contribute to the health of your grass in good and bad ways. Follow these easy tips to help keep your lawn green and prevent diseases and funguses, which can cause long-term problems.
1. Keep your mower blades sharp.
Your mower blades should be sharpened at least twice a season. This makes it easier to cut through the grass blades, as opposed to tearing through them. In addition, this keeps the tip of the grass blade from browning out which will affect the overall appearance of the lawn.
2. Wash your mover deck frequently.
Keeping the underside of your mowing deck clean is an easy way to prevent fungus and disease from spreading through your lawn.
3. Cut on different angles.
Simply mow the grass in a different direction each time. This prevents rutting and soil compaction. This also prevents the grass from constantly leaning in the same direction. Lastly, it can create a stripping affect, which looks attractive as well if the lines are straight.
4. Only take off 1/3 of the grass blade.
Did you know it is unhealthy to take off more than one-third of any plant or tree when trimming? It can be stressful to the plant and make it more susceptible to disease. If your grass is too long when you mow, readjust the deck height to only take off one-third of the grass blade.
If you live in the northern states and lawn is composed of more bluegrass or fescue, you should be mowing on the higher side, say 3"-4". By doing so, you will avoid scalping the grass blades and mowing too short. There is usually a correlation between root length and blade length. Keep them balanced to avoid stress and disease. If you live in the southern states and have Bermuda grass or something similar, consult a local professional for tips regarding this.
Since we all have busy schedules, it is not always convenient to mow more than once per week. However, your grass grows faster during certain times of the year and should be mowed more often during that time period. In some cases, that might mean once every five days or so, which also goes along with the one-third rule.
7. Don't bag your grass.
Avoid picking up your grass clippings unless you're leaving clumps behind. A good mulching mower will leave the cuttings behind, which also leaves the nutrients and absorbed fertilizers behind. A common myth is that mulching adds to thatch build up, however this isn't true. Thatch is actually made up of the mixed layers of dead and alive grass chutes, roots, and stems.
Having good mowing technique and a schedule are easy ways to help your lawn stay healthy. It is not too complicated or expensive, but it will require a little dedication during the growing season. In the end, it will be worth it when your lawn is the talk of the neighborhood!
Interested in learning more about how to keep your lawn healthy? Check out part one and part two of this blog series.


One of the great failures exposed by the 2008 financial crisis was that the tools were not available at either a national or European level to the political decision-makers to deal with an orderly breakdown of bad banks.
International flows of capital from the time of the creation of the euro zone and the increasing globalisation of financial markets, far from reducing the risks to financial institutions, in fact magnified them.
To avoid a banking collapse that had the potential to send a financial tsunami through global money markets – as Wall Street firm Lehman Brothers did a decade ago (or even the potential impact that a chaotic failure of Anglo Irish Bank might have had in Europe) – strong, co-ordinated international regulatory oversight is required.
In other words, if banks live across borders their regulators must too. In this way, in the event of their death, they can be buried with as little disturbance as possible, particularly to governments and national purses.
The EU's post-crisis creation of the Single Supervisory Mechanism, a banking watchdog within the European Central Bank, and the Single Resolution Mechanism to manage the wind-down of lenders aim to cover these roles.
While the architecture has been set up, it has yet to be tested on an EU-wide basis. And where it has been invoked at a national level, the new systems have shown that the firebreak between bank failures and public bailouts still does not work.
The EU-wide watchdog was criticised last year for its handling of the failure of two Italian banks, Veneto Banca and Banca Popolare di Vicenza, which were bailed out with €17 billion of public money.
These state rescues ran roughshod over the new Bank Recovery and Resolution Directive, the EU rules designed to resolve bad banks in a manner that was supposed to protect taxpayers from bank failures by making bank creditors liable for losses, including the senior bondholders that the Irish government was ordered not to burn.
Italy showed there was still a legal gap in the new regime for national governments to step in to save banks. In that case there was a concern that the high level of non-performing loans could cause contagion to some of the country's bigger lenders.
Two key pieces of the so-called banking union that are supposed to avoid a repeat of the 2008 crisis are still missing: a European deposit insurance scheme and regulating bank exposures to sovereign debt.
Germany is dragging its heels on the insurance scheme as wealthier banks in large countries are concerned they could end up bailing out weaker competitors. Essentially, the money of German savers could be used to rescue European banks.
"Regulatory reactions to a crisis like this are always to plug where the leaks developed the last time. It would be extraordinary if the same sort of problem arose," said former Central Bank governor and ECB board member Patrick Honohan, who was brought in to the regulator after the financial crisis.
He points to the loan-to-value restrictions on lending, and the requirements for banks to hold bigger buffers of cash and debt against losses as changes designed to avoid a repeat of the crisis of 2008.
"There have been banking crises and crises in the financial sector repeatedly in countries over the years, and it would be foolhardy to say that nothing could go wrong," he said.
In a presentation to a conference in Galway last week, Honohan put the net cost of the banking crisis to the Irish public at €37 billion (out of the upfront €64 billion that was pumped into the banks) compared with the €14 billion in losses junior bondholders incurred in the crash. The others to bear losses were Irish bank shareholders (€29 billion) and foreign bank shareholders (€28 billion).
Looking back at the government's decision to guarantee the banks that night 10 years ago, in the absence of a national bank resolution regime, despite tentative attempts to draft legislation setting up one in early 2008 after Northern Rock's failure in September 2007, and with no help forthcoming from the ECB, taoiseach Brian Cowen was left with no good options.
Alan Dukes, who inflicted losses on Anglo junior bondholders in the years after the crisis as chairman of Irish Bank Resolution Corporation, the wind-down vehicle that started the shutdown of that bank, said he did not see the government having that option of imposing losses on bondholders on the night of September 29th-30th 2008. The risk of contagion to the flow of funding to the other Irish banks was too great at the time.
Dukes believes that the State's bailout of AIB and its disastrous investment in insurer ICI in the mid-1980s may have encouraged the view that the bank took on the night of the guarantee in September 2008 when it lobbied the government to step in to address Anglo's failure for the sake of the wider financial system.
Honohan believes the last banking crisis could break that view that the government will always have the backs of the banks or another systemic industry should it ever find itself in trouble.
Economic history has shown that crises can, and will, happen again and again.
"Financial bubbles are part of the financial landscape," said Antoin Murphy, now retired Trinity College economics professor who wrote a book on the causes of the Irish banking meltdown with Donovan.
Murphy believes the Central Bank has become more professional in its monitoring of the banks, but warns against excessive regulation that might hamper innovation that could benefit the economy.
Honohan sees cyber risks as holding the potential for another financial crisis.


text:
For the latest advice regarding coronavirus, please click here.
Mundy Cruising
Menu Call us on 020 7399 7670
Find A Cruise Inspiration Cruise Lines Adventures Why Us Cruise News Get in touch
Dreaming of Dalmatia
23 May - 30 May
Sign up for our Newsletter Sign up for our Newsletter to get all the latest news and offers
Call us for prices - you'll never pay more than the price advertised by the cruise line
Cruise only (Please call for flight options)
Crystal Esprit of Crystal Cruises
Setting sail from Dubrovnik
We never fail to be moved when we see the terracotta roofs and honey-golden walls of Dubrovnik, and a stroll around the perfectly preserved old town is a highlight of any visit to the Dalmatian coast. Formerly known as Ragusa, Dubrovnik is a city with a rich, and occasionally troubled, history; the shelling of the city was one of the most shocking images of the Balkan wars of the 1990s, which makes the painstaking restoration of the old town in the years since all the more remarkable. Make sure you take the time to walk around the walls and soak up the views across the rooftops towards Lokrum island, and the deep sapphire of the Adriatic Sea beyond.
Our tip
Walking the entire length of the walls involves a lot of steps, and it can be quite exhausting in the hot Croatian sun. If you'd rather just see a smaller section, the Minčeta tower provides the best photo opportunities.
Montenegro: Kotor
Kotor sits at the head of a beautiful, fjord-like bay, hemmed in by glowering mountains. The compact, walled old town is Montenegro's star attraction, a warren of little alleyways and shady squares that is often described as a 'mini Dubrovnik'.
25-26 May
Croatia: Split
Croatia's second city enjoys a dramatic setting, hugging a sweeping bay against a backdrop of sheer grey mountains. Split's labyrinthine old town is contained within the remarkable Roman ruins of Diocletian's Palace, a UNESCO World Heritage Site, and spills out onto the buzzing seafront Riva promenade.
Croatia: Zadar
Located on the quieter northern stretch of Croatia's Dalmatian coast, the walled port city of Zadar is an intriguing blend of old and new, where Roman ruins and psychedelic modern art installations sit alongside one another.
Croatia: Opatija
Opatija was the favourite seaside resort of the Austro-Hungarian elite during the 19th century, a legacy that lives on in the town's handsome belle époque villas. Take a stroll along the promenade, enjoy a swim in a protected bay or visit the Volosko neighbourhood, home to some excellent seafood restaurants.
Slovenia: Piran
Pretty little Piran grew rich thanks to the salt trade, and thrived under both the Venetian Republic and the Austro-Hungarian empire. The well-preserved old town is the highlight of Slovenia's short stretch of coastline, set on a small peninsula jutting out into the Adriatic.
Arriving in Venice
Venice is a city like no other, a marble maze of turquoise canals criss-crossed by beautiful bridges, overflowing with palaces, churches and charming little piazzas. No matter how many times you've seen it in photographs, that first glimpse of the Grand Canal will simply take your breath away; it hardly seems credible that such an eye-popping scene could exist outside of a Canaletto painting. Of course Venice is a city that draws big crowds, especially in summer, but don't let this put you off; even the busiest areas are never more than a few steps from a quiet courtyard or a secluded square.
The Peggy Guggenheim Collection houses an eclectic assortment of works from the likes of Picasso, Magritte and Jackson Pollock. There is also a lovely garden facing on to the Grand Canal, with a rather rude sculpture of a rider on horseback.
Your home from home
The World's Best Yacht, Crystal Esprit, offers a completely new Crystal experience, as adventurous or laid back as you please, with just 62 fellow guests.
We love the translation of everything that is wonderful about Crystal into a completely new environment - a tiny 62 guest yacht that can take you to the most inaccessible, the most exclusive and the most intimate of ports of call for a unique shipboard experience. An affordable way to live the life.
An astonishing 91 International staff
If you have a taste for the finer things in life, but love the idea of a relaxed and unregimented environment, Crystal Esprit is going to tick all your boxes.
All meals both indoors and al fresco
All drinks including premium spirits
Marina and water sports equipment
Gratuities to staff
Butler service in all suites
Well equipped fitness area
Complimentary Crystal Adventures ashore
Last refurbished
Total renovation 2015
3,300 grt
More about Crystal Esprit
Tailor-make your trip
Ways to make it better
Our favourite hotel in Dubrovnik
We love the intimate Villa Orsula, with just eight lovely bedrooms and excellent sea views, but if you want to stay in the Old Town itself, the Pucic Palace is the one to go for.
Day trips from Dubrovnik
Make the short trip across the border into Bosnia-Herzegovina and visit the pretty little town of Mostar, with its famous stone bridge over the river Neretva.
Our favourite hotel in Venice
The Metropole is an old favourite for its quieter location and lovely lagoon views.
See more of the Veneto
If you've time, take the train to Padova and visit the Scrovegni Chapel.
Get in touch & let us tailor make your perfect cruise holiday
Or call us on 020 7399 7670
The latest news and travel inspiration…
The Best of the Best: Our top 6 luxury cruise lines
Luxury rail and sail with the Venice Simplon-Orient-Express
9 of the best small ship cruises to Croatia and the Adriatic
Crystal Esprit review: Yachting in the Seychelles
Why Mundy?
Founded in 1970, we have sold more luxury cruises for more years than anyone else in the UK.
Mundy Cruising was the very first cruise specialist in the UK. We have been making the best cruise holidays even better since 1970.
How? Simply by offering our clients more expertise, more personal service, more unique ideas, more fascinating add-ons, more fabulous freebies and more peace of mind.
We're happy to do all of that over the phone. But if you prefer to chat face to face, why not visit us at our comfortable offices just off London's Regent Street - we'd be delighted to see you.
Over 45 years' experience in the cruise industry
Consultants who are salaried, not on commission
A truly personal service to create your perfect holiday
9 of the best small ship cruises to the Black Sea
For travel advice from the Foreign, Commonwealth & Development Office click here.
Contact About Careers Legal Privacy & Cookie Policy
© Mundy Cruising. Website Design - D3R


Now hiring for Team Member position in Lakeview and Loop! All shifts available including overnight. Cashier, Stock, Inventory Management, Customer Service, Food Service, Ordering. Part-Time and Full-Time opportunities available!


"I have complete confidence in the teaching staff to take care of our son both intellectually and emotionally. In addition to this their focus on visual arts, on dress-up and theatrical play means that he comes home with incredible delights. His imagination is developing and we are constantly charmed and amazed."
"Our two daughters loved their experience at Good Morning Creative Arts and Preschool. They played, made friends, discovered, dramatized, problem-solved, created and had fun with their peers and a wonderful group of teachers. Their creativity, individuality and social development were well nurtured in the very positive environment created by the teachers at this special school."
"Our son has enjoyed all of his time spent at Good Morning Preschool and Creative Arts. He went to the preschool, Kindergarten and Creative Arts programs. The staff is loving and kind. And the art they create is amazing! Thank you!"
"My daughter has been a part of the Good Morning community in the Glebe since she was 2 years old. She has been in all of the amazing programs and is currently in the after school Creative Arts class for school aged children. At the age of 9 she is a seasoned student and loves coming every week to see what amazing art experience she will undertake each week.The teachers here are creative, nurturing and a part of our daughter's family."
"Both my girls have attended Good Morning Preschool and they loved it. I loved that I always felt comfortable leaving them at this school with full confidence that they were very well cared for. I am confident the creative spirit they have now was inspired and nutured by this program. They continue to ask when they can go back! Thank you to Good Morning School staff!"
"I sent my son here for the 2 and 3-year-old preschool programs and it was a *wonderful* experience for him (and for me)! I also had him in the lunch program when he was 3 to prepare him for eating lunch in kindergarten. He loved it and it was so helpful.
The staff are all highly experienced, genuinely caring, and wonderfully creative. Their focus is on helping kids develop their artistic expression, creative play, social skills and sense of fun.
I have to mention the exceptional annual vernissage. Although the teachers set it up to showcase the talents of their students, it provides abundant evidence of the exceptional level of love and care that the teachers put into fostering creativity in young people -- as well as the joy the students experience in making their art. It was very moving.


TOP SELLER - More than 1000 sold!
100% Cotton Polo now comes with an offer your cannot resist. We think this is to correct thickness for the best luxurious feel. Suitable for indoors and outdoors. Because it's 100% combed cotton, its totally breathable, superior sweat absorption features. We chose higher grade cotton to minimise shrinkage and skewing.