Parents are supposed to have all the answers. That is why their offspring keep asking them “why” if they don’t feel satisfied with what they’ve been told. My father has always spoken wistfully of Vilmundur Gylfason, the charismatic young politician who ruffled a thousand feathers in the seventies and early eighties with eloquent criticism of [...]

I will be following the development of Ugandan banking with interest in the next decade. Four or five years ago a delegation from Uganda came by Iceland to learn the secrets behind the Icelandic economic miracle, including visits to the banks. Good luck guys!

Chris Martenson ‘distilled’ in Reykjavik, Iceland from Sveinn Tryggvason on Vimeo.

An Icelander who has moved abroad sent a letter to former minister of social affairs Arni Pall Arnason and Althingi MP’s. I like his style, the letter is titled “You Can Keep This Junk” (excerpts from Pressan.is): I have paid all my debts religiously from the first day of the collapse. I have had enough [...]

In the last ten years I have found myself becoming much more cynical. It might be a part of growing up from being a blue eyed college student to becoming a supposed grown up. It is easy to long for the days when the biggest worry was “will she pick up the phone”, when pondering [...]

In the history of Icelandic politics, no person has ever had to answer as much for their words and actions as the Best Party’s Jon Gnarr. And in the history of Icelandic politics, no person has ever answered as much for their words and actions as the Best Party’s Jon Gnarr. I am really pleased [...]

…interesting things were happening in the sub-divisions of the Independence Party. A new group ascended to power within Heimdallur, its Reykjavik youth organization last night. It has been hailed by the Icelandic “Fox News”, the website AMX.is as “idealistic people with a clean slate” lead by newcomer Hlynur Jonsson. Alarm bells! Behind AMX.is are Milton [...]

Why does Iceland need the EU? A comment from this post expressed wonder at the current situation in Iceland. Somehow many people expected things to be much worse for the general population by now. People are still going to coffee shops even if the latte is approaching the price of a pre-crash beer, there are [...]

Four former ministers will be lead before Landsdomur, a special court designed to hold ministers accountable for crimes,  misdemeanours, treason and general carelessness. This is the verdict of a parliamentary committee delivered this weekend. Coalition government party leaders Geir Haarde and Ingibjorg Solrun Gisladottir,  minister of commerce Bjorgvin G. Sigurdsson and finance minister Arni Matthiesen [...]

Ten reasons why it has all gone fucking fuck in Iceland since the pots and pan revolution. 1. There was a demand of reform in the fishing industry. It was needed because the resource was gathering in the hands of very few who in turn used their wealth to borrow intensely against it and invest [...]