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"Many American grads... [are] far less inclined than students from developing countries like India, China, Brazil, South Africa, and Ireland..."

Ireland? A developing country? I don't think so.

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It may be soon.

It is absurd to declare that one of the most prosperous countries in the world is going to be suddenly rendered into a country of subsistence farmers (like China, Brazil, or India) because of a real estate bubble.

Well, developing doesn't necessarily mean substistence farming. They're just developing beyond the rest of us.

On the other hand, this is probably one of the last countries in the world where you still pay more than 50 euro's per month for 1Mbps ADSL.

Hear, hear! I get flyers in my door all the time talking about "fast broadband" where fast == 1-3Mb. I'm moving soon and will be switching to NTL (cable) and getting 10Mb/1Mb for less money. Death to Eircom and their €26/mo line rental charge!

More like "it used to be". It now has one of the highest GDP/Capita rates in Europe.

Actually, I just checked Wikipedia - it has the 6th highest GDP/c in the world.

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