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A puppet of Margaret Thatcher used on the popular British television show Spitting Image is pictured with Ian Whyte, managing director of Whyte's auction house, before going under the hammer this Saturday. Photo by: Photocall Ireland

Ireland's Eye, a roundup of top news stories, September 11th 2013

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A puppet of Margaret Thatcher used on the popular British television show Spitting Image is pictured with Ian Whyte, managing director of Whyte's auction house, before going under the hammer this Saturday. Photo by: Photocall Ireland

Soldier in Trouble

An Irish soldier bit off part of a man’s nose in a dispute over urinating outside a takeaway shop, the High Court heard.

But Barry Fitzgerald, who has served on peacekeeping missions around the world, denies any racial element to the incident in Derry, his lawyer stressed.

The 24-year-old, with an address at Foxhill in the city, faces a charge of inflicting grievous bodily harm with intent.  He was granted bail on condition that he stays out of Derry and surrenders his passport.

Prosecutors claimed Fitzgerald launched his attack after being challenged about urinating in the street near Waterloo Place on April 14.

It was alleged that he leaned into a car and bit the victim on the face and back.

A judge was told part of the nose was bitten off and had to be surgically reattached.
During a subsequent struggle Fitzgerald allegedly punched the injured man’s head up to 10 times.

According to a prosecution lawyer, he admitted to police having bitten the victim, calling him a “foreign c***.”

The lawyer confirmed officers were treating the attack as racially motivated.
Fitzgerald made a counter-allegation of having been threatened and assaulted.

His barrister, Paul Kearney, said he suffered hearing loss and tinnitus due to punches received.
Kearney confirmed Fitzgerald accepted carrying out the biting but emphatically denies making any racial comment.

He revealed that his client has been in the Irish Army for seven years, following on from his father and grandfather in a line of family service.

Fitzgerald is currently suspended from duties, with his military career on hold until the case is dealt with.

“This is a man who has served in war zones and peacekeeping missions all over the world.  He has been committed to all sorts of nations, creeds and colors,” said Kearney in rejecting the racist claim.

Granting bail, Justice Treacy described the alleged offence as “dreadful” but ruled that any risk of interference with the case can be avoided.

The judge ordered Fitzgerald to live at an address just across the border in Co. Donegal.  He also imposed a £1,000 cash surety and a ban on any contact with the alleged victim.
- Derry Journal

Brilliant Brothers

Limerick's youngest multi-millionaire brothers, the Collisons, came back home from Silicon Valley this week to launch their online payment services business, Stripe, in Ireland.

Valued at $500 million by technology analysts in the U.S., Stripe is backed by Peter Thiel, the first investor in Facebook and a founder of PayPal.

However, the former Castletroy College students, who shot to prominence in their teenage years, said they have no plans to sell the company, which currently employs over 60 people, and want to focus on expanding their international operations.

After leaving places in prestigious American colleges -- at MIT and Harvard -- to work on their start-up firms, they went on to sell their first company, Auctomatic, to Canadian firm Live Current Media in 2008 for $5 million.

“We were lucky enough where we had the experience of selling a technology company pretty early in our careers and we saw what that is, and I guess straight afterwards you want to get back to solving meaningful problems with people you admire and enjoy working with. That’s what we get to do with Stripe,” said Patrick Collison.

The 24-year-old said it is impossible at this time to put a true value on their company, which allows businesses to easily accept cash online, as it is still in its infancy.

“Internet company valuations tend to rise as well as fall, so this very much remains a hypothetical number,” he said of the company’s reputed $500 million worth. Earlier estimates put the company at a $1 billion valuation.

“We’ve been very lucky, in that we’re coming up to the second anniversary of our public launch and there has been a huge adoption of Stripe at a much faster rate than we expected. It’s not because we have any kind of slick marketing or clever way of selling it to people,” he said.

The company is based in San Francisco, but Ireland is the first euro zone country in which it has officially launched the service.

It is already available to businesses in U.S., Canada, U.K. and Ireland, while it is in beta testing in a number of other countries, including Australia.

While PayPal offers a similar service, Collison said “it never really advanced since the last Internet bubble”.

The long-term goal is to make Stripe available in every country in the world, many of which have no good options for merchant online transactions other than banks.

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