Simon Birgisson, former journalist of DV confirmes today that the paper and Frettabladid were used by their owners, Jon Asgeir Johannesson and Johannes Jonsson to relay information favorable to them when they were in court for a couple of years. Gosh, really? What is more interesting is this article, High Street Financier accused of Big [...]

The city council of Reykjavik must count themselves as the luckies people alive. The current major, Hanna Birna Kristjansdottir is the fourth in two years and there are still two years left of their term. With the economic situation, all the spotlight has disappeared from the most ridiculous group of shameless politicians you are likely [...]

Unemployment in December = 4.5%. Predicted in January = 6% February = 7%

It has been very interesting to follow the story of the editor in chief of the daily newspaper DV. Reynir Traustason asked his reporter, Jon Bjarki Magnusson to do a story about Sigurjon Arnason, former CEO of Landsbankinn. Sigurjon who is one of the arcitects behidn IceSave and the collapse of the Icelandic economy had [...]

One of the most memorable falls from grace was the collapse of Arthur Andersen in the wake of the Enron scandal in 2001. In the previous year one of my professor’s at my business school vaxed lyrical about Arthur Andersen, how they were a beacon of quality in their field. Only the creme de la [...]

At some point in this crazy journey you have to stop and take in the surroundings. That’s why I decided not to think about anything related to the economic disaster yesterday. Instead I spent the day with some of the most promising female teenage football players in Scandinavia. When I lost my job second time [...]

Bjarni Olafsson at Morgunbladid is taking the lead in explaining the corrupt business practises that have characterized Iceland lately. Yesterday he told us how Samson made 800 million ISK being on both sides of the table. Today he brings up one of the most famous “screw the shareholders” cases in Iceland, when Jon Asgeir Johannesson [...]

At my home we have two ordinary thrash cans and then we have a “green” thrash can. We pay a monthly fee for the green one. Like everyone else we are now sifting through our books, seeing where we can cut back. I’ve drunk a whole lot less coffee lately and been to fewer movie [...]

Taxes will rise in the new year. Income tax by 1%, local taxes can hike further. But it seems like capital gains tax will not rise. Which is how the people who caused the crash make most of their money. Take that stupid citizens of Iceland.

[youtube=http://www.youtube.com/watch?v=6iUyAppOOU0] Last night I saw the movie Religilous, Bill Maher’s take on religion. It confirmed to me how political parties and religious groups are alike. In a scene in the movie, Maher interviews two former Mormons who explain why so few dissent from the Mormon church in Salt Lake City. It would be social suicide [...]