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Iceland Economic Crisis

Book Review: Branding Your X Factor by Runa Magnus

Suna Senman | Posted 10.15.2014 | Business
Suna Senman

My prediction is that Branding Your X Factor will be a staple for business owners along with books such as, Think and Grow Rich by Napoleon Hill and How to Win Friends and Influence People by Dale Carnegie.

Traveling In Greece During The Crisis

Diya Luke | Posted 07.21.2012 | Travel
Diya Luke

As dire as the situation is, our family has not once felt unsafe during our two-week stay outside of Athens. 

The Economic Hangover: Part Two

Don McNay | Posted 08.08.2011 | Business
Don McNay

The bailout and stimulus money allowed us to limp along for a couple of years. Now we are back to where we started, but worse, since we borrowed trillions to pay for it.

Iceland Again Rejects Debt Deal To Repay UK, Dutch

AP | BY GUDJON HELGASON | Posted 06.10.2011 | Business

REYKJAVIK, Iceland -- Voters in Iceland have rejected a government-approved deal to repay Britain and the Netherlands $5 billion for their citizens' d...

Court Nullifies Election: Better Luck Next Time

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

If the Icelandic government decides to hold a second election for the Constitutional Convention, it is to be hoped that the powers-that-be go beyond simply tweaking the ballots and the voting booths.

Democracy Weakening Everywhere

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

European Parliament Member and Investigative Judge Eva Joly received the Global Financial Integrity 2010 Exemplary Leadership Award in Washington DC e...

Liberty And Justice: For Those Who Can Afford It

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

The system used by the Iceland's ruling caste to launder ill-begotten gains is simple to describe. The result is simpler still: The rich got richer and the government got stuck with the bill.

Power to the People

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

The financial crisis that hit Iceland in 2008 revealed many weaknesses inherent in the country's system of governance. One fortunate consequence of this most unfortunate revelation has been a movement to draft a new Constitution.

Shadow Elite: The "Inside Job" That Toppled Iceland's Economy

Robert Wade | Posted 05.25.2011 | Business
Robert Wade

Iceland's crash, for which the Prime Minister has now been indicted, is another case in which networks of public-private players, purporting to serve the public interest, instead capture official information to serve their own interests.

Iceland Is Simmering

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

I believe the Icelandic people are willing to undergo hardship to help our country recover from the catastrophic collapse, as long as the hardship is spread throughout the population, and those who unjustly profited from their decisions are put in their place.

Crime (And Incompetence) Pays...

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

This summer's special income/tax issue of the Icelandic business magazine Frjáls Verzlun is at once a bottomless source of nauseating news and a test...

The Country We Could Have Been

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

In his last two posts, blogger Daði Rafnsson looks back at the words of an Icelandic political legend, Vilmundur Gylfason,

Is Iceland a Totalitarian State?

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

I have always imagined that a totalitarian state would resemble Stalin's Soviet Union, but it has dawned on me lately that the most effective totalitarian regime would be one that no one (on the inside anyway) would recognize as such.

That Darn Volcano

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

It seems the volcano has managed to drive away one of Iceland's most promising sources of income: tourists. But truth be told, there probably has never been a better time to visit the country.

Priorities of Volcanic Proportions (PHOTOS)

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

2010-04-20-Icelandvolcano.jpg It was inevitable. The airlines -- caught between safety and profits -- have chosen profits.

Iceland's Volcano (PHOTOS)

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

Our man-made crises fill our everyday lives, but we ignore natural phenomena at our peril. We lose sight of how detached from our environment we've become, how thin the veneer of civilization really is, and how fragile our bodies and our institutions really are.

Accepting Responsibility for Iceland's Financial Disaster

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

There is a human tendency to want to move on, to sweep unpleasant episodes under the rug, and to act like everything is hunky dory. We cannot allow this to happen this time.

The Joke's on Iceland's Political Parties

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

A new political party -- the modestly named The Best Party (Besti Flokkurinn) -- led by comedian Jón Gnarr, has thrown a scare into Iceland's powers-that-be by receiving the most votes in Reykjavik's municipal elections yesterday.

The Banks' Bonus Culture: "Have You Left No Sense of decency?"

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

Now that the banks have been stabilized (to some degree) as a result of massive public intervention, the very individuals who have nearly destroyed the country are ready to dance again.

Iceland's Pyrrhic Victory

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

While Icelanders have been endlessly debating IceSave, our unemployment rate has continued to climb, the number of insolvencies has continued to increase, and public services have continued to decrease.

A Small Country with a Big Problem

Silja Bára Ómarsdóttir | Posted 05.25.2011 | World
Silja Bára Ómarsdóttir

The problem is that there has been no change in how to decide what issues will be put to a referendum, so it is up to the opinion of one man whether the nation gets to have a say.

Iceland's "Penis Mall" Put Up for Sale

Alda Sigmundsdottir | Posted 05.25.2011 | World
Alda Sigmundsdottir

Soon after its construction, Smáralind began to attract attention for its shape. Seen from the air from a specific angle, the shopping mall bore an uncanny resemblance to an erect penis.

Moral Hazard in Iceland

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

What is especially disheartening in Iceland is that, not only did the bankers retain their compensation; they continue to draw salaries in their new positions of authority in the new banks and in the government.

California's Lessons for Iceland

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

It's incumbent upon the Icelandic media and political establishment to educate the public on the reasons for and against Icesave. If we're serious about fighting for political reform and transparency that our country needs, here's a good place to start.

No More Secrets From the Icelandic People

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

The Icelandic people will, for the first time, directly exercise the nation's sovereign power in a referendum in March to approve or reject the proposed settlement of the IceSave dispute.