Wall Street on the Tundra | vanityfair.com
http://www.vanityfair.com/politics/features/2009/04/iceland200904?printable=true¤tPage=all

The indispensable Michael Lewis reports from Reykjavík on the de facto bankruptcy of Iceland. An amazing story: the country's currency is kaput, its debt is 850 percent of G.D.P., its people are hoarding food and cash and blowing up their new Range Rovers for the insurance. This was the result of a collective madness stunning even by US standards of financial insanity. Lewis asks how a 300,000 person fishing nation with one of the highest living standards in the world managed to turn itself into a national hedge fund? Lewis reports on an inbred country where, among other things, the men are largely nuts and the women seem to have completely given up on them, The result is the first lesbian head of state, an all-female political party, and the nation's only profitable bank run entirely by women. Like most of what Lewis writes about the intersection of people and large sums of money, this is another "drop whatever else you are doing and read this" article.

on the financial meltdown ef Iceland

Iceland's collapse. "One of the distinctive traits about Iceland’s disaster, and Wall Street’s, is how little women had to do with it."

"Iceland’s de facto bankruptcy—its currency (the krona) is kaput, its debt is 850 percent of G.D.P., its people are hoarding food and cash and blowing up their new Range Rovers for the insurance—resulted from a stunning collective madness. What led a tiny fishing nation, population 300,000, to decide, around 2003, to re-invent itself as a global financial power? In Reykjavík, where men are men, and the women seem to have completely given up on them, the author follows the peculiarly Icelandic logic behind the meltdown. "

Iceland’s de facto bankruptcy—its currency (the krona) is kaput, its debt is 850 percent of G.D.P., its people are hoarding food and cash and blowing up their new Range Rovers for the insurance—resulted from a stunning collective madness. What led a tiny fishing nation, population 300,000, to decide, around 2003, to re-invent itself as a global financial power? In Reykjavík, where men are men, and the women seem to have completely given up on them, the author follows the peculiarly Icelandic logic behind the meltdown.

Iceland’s de facto bankruptcy—its currency (the krona) is kaput, its debt is 850 percent of G.D.P., its people are hoarding food and cash and blowing up their new Range Rovers for the insurance—resulted from a stunning collective madness. What led a tiny fishing nation, population 300,000, to decide, around 2003, to re-invent itself as a global financial power? In Reykjavík, where men are men, and the women seem to have completely given up on them, the author follows the peculiarly Icelandic logic behind the meltdown.

Iceland’s de facto bankruptcy—its currency (the krona) is kaput, its debt is 850 percent of G.D.P., its people are hoarding food and cash and blowing up their new Range Rovers for the insurance—resulted from a stunning collective madness. What led a tiny fishing nation, population 300,000, to decide, around 2003, to re-invent itself as a global financial power? In Reykjavík, where men are men, and the women seem to have completely given up on them, the author follows the peculiarly Icelandic logic behind the meltdown.

A beautiful piece by Michael Lewis about the Iceland economy which went bankrupt in 2008.

financial crisis: You have a dog, and I have a cat. We agree that they are each worth a billion dollars. You sell me the dog for a billion, and I sell you the cat for a billion. Now we are no longer pet owners, but Icelandic banks, with a billion dollars in new assets. "They created fake capital by trading assets amongst themselves at inflated values,"

amazing photos "Iceland's disruptive volcano - The Big Picture - Boston.com" ( http://bit.ly/aYmre0 )

The Big Picture - News Stories in Photographs from the Boston Globe

Jak on bdzie sie tak bujał przez rok to wiem gdzie pojedziemy na wakacje

amazing pics

La explosión del volcán Eyjafjallajökull hace 2 semanas hizo que el tráfico aéreo de media europa quedara suspendido por unos días. En ésta llamativa animación se ve la vuelta a la normalidad (especialmente en lo que afecta a UK).

A visualisation of the northern European airspace returning to use after being closed due to volcanic ash. Due to varying ash density across Europe, the first flights can be seen in some areas on the 18th and by the 20th everywhere is open.