I thought about writing something about the inconvenience which the Icelandic State Church is finding itself facing. But it is hard to top the comment a very pretty girl at the University of Iceland made during a lecture early this summer. Responding to a Christian theologian denouncing the greed society which Iceland had become in [...]

Tyler Durden at ZeroHedge points out this video of Columbia University economist Fredric Mishkin who has changed the title of his 2006 pen-for-hire paper on Iceland’s economic state from Financial Stability in Iceland to Financial Instability in Iceland. Some time ago we penned a post, titled”Mishkin On Iceland: “Nothing Is F*#&ed Here Dude” which discussed [...]

To torture your customers with exorbitant prices is very Icelandic. A cup of coffee in Reykjavik is getting close to the price of a beer a few years ago. The price of beer is getting close to the price of mojitos a few years ago. A mojito almost requires a second mortgage. It is worse [...]

It used to be that dates when the Central Bank announced its interest rates were earth-shaking news-material in Iceland. Today when the bank lowered the rates down to 7% from a high of 18% in March of 2009, it barely got a mention. The rates are at their lowest since 2004. See here at DataMarket. [...]

This Wikipedia site is quite curious since it presents Bjorgolfur Thor in a different light from what the Icelandic media is used to. The question is, who is lining up to do business with this man today? Apart from the Icelandic state that is? From Wikipedia

I have a bad feeling about the Congress on Constitutional Reform, scheduled for the autumn. It could turn out to be an outstanding achievement, on par with the Special Report. Or it could turn out the way things did in the aftermath of the report’s publication. It could wither and die in the hands of [...]

Turns out that the currency loans which have rocked Icelandic society for years were illegal after all. Of all the royal mess created and sustained by the Icelandic political elite, the whole affair ranks amongst the absolutely worst. On the ground level amongst the public, lives have been lost, future plans have been destroyed, people [...]

The xenophobic movement Heimssyn is now exporting its propaganda abroad. EU Times published what seemed to be an article written by someone claiming to be a credible journalist who had been misinformed by the propaganda coming from Iceland. I replied in the comment section, thinking there was a foreign journalist that needed some background on [...]

I got the permission of the author to translate this remarkable article from Smugan into English. If you need proof why Iceland is in a no less perilious situation today as it was before 2008, then read what AK72 has compiled on the curious privatization of the South Peninsula’s energy resources into the hands of [...]

Amid the doom and gloom some see hope Iceland: Future of hope is out in September. An interesting project, at first sight it seems to ponder things the way that Icelanders originally dreamed them after the economic collapse. How it corresponds to the current reality will be interesting to see.